Examples of Unapproved Option in a sentence
There are no individual limits on any one participant in the Unapproved Option Scheme.
The options vest three years after the date of grant and are not subject to any performance criteria.The fair value of the options is estimated at the grant date using the Black-Scholes pricing model, taking into account the terms and conditions upon which the instruments were granted.The contractual life of each option granted is ten years and there is no cash settlement alternative.Third Unapproved Option Scheme (TUOS)The plan is an equity-settled plan and the fair value is measured at the grant date.
The options for the 2007 EMI Option Scheme and the Unapproved Option Scheme vest three years after the date of grant.
Employees selected for the grant of an Unapproved Option do not have to satisfy these eligibility requirements.
Each Unapproved Option Agreement sets out all the rules relating to the Option.All options agreements issued provide for options to vest, one third on the first anniversary of the date of grant, one third on the second anniversary of the date of grant and the balance on the third anniversary of the date of grant.