Additional Option definition

Additional Option means an Option granted to an Optionee to purchase a number of shares of Common Stock equal to the number of shares of Common Stock tendered or relinquished by the Optionee in payment of the exercise price upon exercise of the Option and/or the number of shares of Common Stock tendered or relinquished in payment of the amount required to be withheld under applicable federal, state and local income tax laws in connection with the exercise of the Option as described in Article V.

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Additional Option. The Contract Value, less applicable premium tax, may be used to purchase any annuity contract that we offer on the date this option is elected.

Additional Option means any Option other than an Initial Option.

Examples of Additional Option in a sentence

Any addition or deletion must be clearly shown on the invoice and clearly show the MSRP, the application of the Additional Options NYS Discount for the Additional Option, and the resultant NYS Contract Price.
When an Additional Option is either being added to or deleted from the Base Item specifications, or upon request, Contractors are required to give the Authorized Users a copy of the OEM Data Book or Contractor-Published Pricelist for the applicable Additional Option.
For each recipient, the number of shares granted in the Additional Stock Bonus shall be proportionate to the Additional Option.
When Optional Equipment or Additional Options are specified, all components listed in the OEM Data Book, or Contractor-Published Pricelist, if applicable, as being included with the Optional Equipment or Additional Option, shall be furnished.
The Additional Options NYS Discount shall not apply when either an option is being deleted from the Base Item, or when an Additional Option with an MSRP that is a credit (e.g., -$20.00), is being added to the Base Item.

Additional Option means an Option issued by the Company in exchange for Shares delivered by an Optionee as full or partial payment of the Option Exercise Price of an Original Option pursuant to Section 2.3.8 of this Plan.

Additional Option means the irrevocable right and option to purchase, the remaining 49.9% fully-diluted equity interest in the Optionor by the purchase from, and the sale by, all of the Securityholders of the Additional Optioned Shares free and clear of all liens and encumbrances on the terms and conditions of this Agreement;

Additional Option means an Option granted to a Non-Employee Director pursuant to Section 6.4 based upon his or her level of Stock ownership.

Additional Option means an Option Right granted to an Optionee in connection with the exercise of an option as described in Section 5.4

Additional Option. The Contract Value, less applicable premium tax, may be used to purchase any annuity contract that we offer on the date this option is elected. MINIMUM AMOUNTS - If your Contract Value is less than $5,000 on the Annuity Commencement Date, we reserve the right to pay the Contract Value in one lump sum. If at any time your annuity income payments are less than the minimum payment amount according to the Company's rules then in effect, we reserve the right to change the frequency of your income payments to an interval that will result in a payment amount at least equal to the minimum. GUARANTEED PURCHASE RATES - The guaranteed interest basis, which is not applicable to variable income payments, is 3%. The mortality basis is the 1983 Individual Annuitant Mortality Table A projected 14 years. One year will be deducted from the attained age of the Annuitant for every 3 completed years beyond the year 1997. Upon request, we will furnish you the guaranteed purchase rates for ages and periods not shown below. Annuity benefits available on the Annuity Commencement Date will not be less than those provided by the application of an equivalent amount to the purchase of a single premium immediate annuity contract offered by us on the Annuity Commencement Date to the same class of Annuitants for the same Annuity Option.

Additional Option shall have the meaning set forth in SECTION 9(b).

Additional Option has the meaning ascribed thereto in the Recitals;