the Option definition

the Option means the Option to purchase the Property referred to in item 4 of the Fourth Schedule;

the Option means the Option to purchase the Unit referred to in item 4 of the Second Schedule;

the Option. (as defined in Section 1 of the Stock Option Agreement) granted under the Stock Option Agreement to terminate and be of no further force and effect.

Examples of the Option in a sentence

• The Option may be subject to such other terms and conditions on the time or times when it may be exercised (which may be based on performance or other criteria) as the Board may deem appropriate.

• The Option may be exercised by the executor or administrator of the Optionee's estate or, if none, by the person(s) entitled to exercise the Option under the Optionee's will or the laws of descent or distribution.

• The Option or SAR may be subject to such other terms and conditions on the time or times when it may or may not be exercised (which may be based on the satisfaction of Performance Goals or other criteria) as the Board may deem appropriate.

• The Option Shares shall be purchasable from time to time during the option term specified in Paragraph 2 at the Exercise Price.

• The Option shall not be subject to execution, attachment or similar process.

More Definitions of the Option

the Option means the option recorded in clause 2 below;

the Option has been granted pursuant to the Plan, and the terms and conditions of the Plan are incorporated by reference in this Agreement as though set forth herein in their entirety.

the Option has been granted pursuant to The Progressive Corporation 1995 Incentive Plan (the "Plan") and shall include and be subject to all provisions of the Plan, which are hereby incorporated herein by reference, and shall be subject to the following provisions of this Agreement:

the Option granted shall contain the standard terms and provisions required by the Plan, together with a provision for vesting dates as follows: 50% shall vest if ACX Technologies, Inc.'s ("ACX") stock price is $20.00 per share on average for 30 consecutive trading days; the remaining 50% (100% in total) shall vest if the ACX stock price is $25.00 per share on average for 30 consecutive trading days. On the third anniversary from the Grant Date any increment not yet exercisable as a result of the preceding sentence shall become fully exercisable. The Option once vested shall be exercisable until the tenth anniversary of the Grant Date, at which time the Option shall expire. Thereafter, Executive shall participate in such equity plans as CTI may from time to time make available to its executive employees.

the Option granted herein is granted subject to all the terms and conditions of the Agreement, including, but not limited to, the following provisions:

the Option means the option granted to the Buyer by clause 5

the Option means the option for the Secretary of State to call for an underlease to the Secretary of State or his nominee upon termination of the Funding Agreement and in other circumstances in accordance with clause 10E of the Funding Agreement;