Exit Options definition

Exit Options means any Stock Option that, by its terms, becomes exercisable solely upon a Change of Control of the Company (as defined in the 2000 Incentive Plan) if certain performance targets (as set forth in the stock option agreement between the Company and the holder of such Stock Options) are satisfied.
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Exit Options means (i) the Put Option and (ii) the Call Option and “Exit Option” shall mean either one of them.
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Exit Options and, together with the Service Options and the Exit Options, the “Options”).
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Examples of Exit Options in a sentence

  • In the event that any portion of the Exit Options do not become exercisable pursuant to this Section 2(b) upon the first occurrence of a Vesting Event, such portion of such Exit Options shall not become exercisable as a result of any subsequent Vesting Event, and shall automatically be canceled without payment therefor.

  • Upon a Qualifying Termination of Employment, any Exit Options that are not then exercisable shall terminate as of the date of such Qualifying Termination of Employment and be canceled as of such termination of employment.

  • Notwithstanding the foregoing, to the extent that all or a fraction of the Exit Options vest pursuant to the terms of this Agreement, the same fraction of each tranche of the unvested Time Options which remain outstanding shall also vest.

  • In respect of the above-noted matter and without precedent or prejudice in any other matter the parties agree as follows: Prior to issuing a notice of a permanent redundancy or long-term layoff, which will result in a permanent employee losing employment, the Employer will offer Voluntary Exit Options to permanent employees.

  • Any such Exit Options that became exercisable on or before the date of such termination may be exercised by the Employee or the Employee’s legal personal representatives (as appropriate) at any time prior to one (1) year following the Employee’s termination of employment or the Normal Expiration Date of the Options, whichever period is shorter.

  • Any portion of the Exit Options that remain unvested upon a Change of Control shall continue to remain outstanding and remain eligible for potential future vesting in accordance with the terms of this Agreement.

  • The Company Disclosure Schedule sets forth the exercise price of each of the Stock Options and Exit Options (the “Exercise Price”).

  • Any such Exit Options that became exercisable on or before the date of such termination may be exercised by the Employee or the Employee’s beneficiary as designated in accordance with Section 9, and if none is named, by the Employee’s estate, at any time prior to one (1) year following the Employee’s termination of employment or the Normal Expiration Date of the Options, whichever period is shorter.

  • The Options shall be granted under the Group's Amended and Restated Stock Option Plan (the "Stock Option Plan"), to be adopted by Group, a copy of which has been provided to Executive and shall be of the type designated as "Exit Options" under the Stock Option Plan.

  • To the extent you do not exercise such vested Exit Options during the Exit Option Exercise Period, such Exit Options will be forfeited as of the last day of such period.


More Definitions of Exit Options

Exit Options shall have the same meaning as such term is defined in the Option Agreement.
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Exit Options means that number of Options set forth under the heading “Exit Options” on Schedule A, to which the vesting criteria set forth under the heading “Vesting—Exit Options” on Schedule A shall apply.
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Exit Options has the meaning set forth in Section 3(c).
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Related to Exit Options

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

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • Vest or “Vesting” means that a portion of the Option granted to the Option Holder which is available to be exercised by the Option Holder at any time and from time to time.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.