Exit Option definition

Exit Option means, collectively, the Tier I Exit Option and the Tier II Exit Option.
View Source
Exit Option means the option exercised by the students, to leave the Programme at the end of any given Academic year;
View Source
Exit Option means either one of them.
View Source

Examples of Exit Option in a sentence

  • Collectively, the Tier I Exit Option and the Tier II Exit Option.

  • Subject to Sections 5(b) and 7 of the Agreement and the Employee remaining continuously employed in active service by the Employer from the Grant Date through the date of such Measuring Trigger, the Performance Exit Option shall be eligible to vest upon the first Measuring Trigger to occur following the Grant Date if the Sponsor Shareholders shall have received Proceeds upon the first Measuring Trigger equal to a certain multiple of the Investment as explained in the next paragraph.

  • Collectively, the Time Option, the EBITDA Option, and the Exit Option to purchase Shares granted under this Agreement.

  • The Company hereby grants to the Participant the right and option to purchase, on the terms and conditions hereinafter set forth, all or any part of the number of Shares subject to the Time Option, the EBITDA Option, and the Exit Option set forth on Schedule A attached hereto, subject to adjustment as set forth in the Plan.

  • Except as provided in the immediately preceding sentence, to the extent the Performance Exit Option remains outstanding as of the last day of the D & D Protection Period, it shall be forfeited immediately following the last day of the D & D Protection Period.

  • Subject to the Participant’s continued Employment through the applicable vesting date, the Tier II Exit Option shall vest on the date, if any, when either (i) Blackstone shall have received cash proceeds or marketable securities from the sale of its investment in the Company aggregating in excess of 1.75 times the Initial Investment or (ii) Blackstone shall have received a cash Internal Rate of Return of at least 15% on its Initial Investment.

  • Except as provided in the immediately preceding sentence, to the extent the Performance Exit Option remains outstanding as of the last day of the Involuntary Termination Protected Period, it shall be forfeited immediately following the last day of the Involuntary Termination Protected Period.

  • Collectively, the Time Option, the Performance Option, and the Exit Option to purchase Shares granted under this Agreement.

  • The Company hereby grants to the Participant the right and option to purchase, on the terms and conditions hereinafter set forth, all or any part of the number of Shares subject to the Time Option, the Performance Option, and the Exit Option set forth on Schedule A attached hereto, subject to adjustment as set forth in the Plan.

  • Except as provided in the immediately following sentence, no portion of the Performance Exit Option that is not vested as of the date of such a Termination of Employment shall become vested following the date of Termination of Employment, and any portion of the Performance Exit Option that is vested as of the date of such Termination of Employment shall be exercised prior to the earlier of (x) the first anniversary of such Termination of Employment and (y) the scheduled expiration date of the Option.


More Definitions of Exit Option

Exit Option pursuant to this Section 6.7 and the provisions of 6.7(e) shall apply. If the Foundation consents to such Change in Control by delivery of written notice indicating such consent to AMC, or if, as of the end of such twenty (20) business day period, the Foundation shall have failed to deliver a Disapproval Notice to AMC, then the Foundation shall be deemed to have waived its Exit Option with respect to the Change in Control described in the Change of Control Notice and AMC and/or the Affiliate thereof delivering such notice shall be entitled to engage in the Change in Control specified in such Change in Control Notice with the Nursing Home Company identified therein.
View Source
Exit Option means the option exercised by the students, to
View Source
Exit Option has the meaning set out in Section 5.6(a);
View Source

Related to Exit Option

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Vested Options means the Options that have vested in accordance with Section 1.3 of this Agreement.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to Exercise the Option.