Reload Option definition

Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

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Reload Option means a Stock Option as defined in Subsection 6.6(b) of this Plan.

Reload Option means the grant of a new Option to a Holder who exercises an Option(s) as provided in Section 7(f) of the Plan.

Examples of Reload Option in a sentence

The exercise price of the Reload Option is the fair market value of the Tendered Shares on the Reload Grant Date.
A Reload Option Letter Agreement will be issued to you to evidence the grant of a reload stock option.
In addition to the Option granted hereby (the "Underlying Option"), the Company will grant to the Optionee a reload option (the "Reload Option") if the Optionee acquires shares of Common Stock pursuant to the exercise of the Underlying Option and pays for such shares and/or the tax obligation incurred by reason of the exercise of the Underlying Option (the "withholding taxes") with shares of Common Stock already owned by, or otherwise issuable to, the Optionee (the "Tendered Shares").
The Reload Option grants to the Optionee the right to purchase shares of Common Stock equal in number to the number of Tendered Shares.
The term of each Reload Option shall be equal to the remaining option term of the underlying Stock Option and/or Incentive Stock Option.

Reload Option means an Option that automatically is granted if a Participant pays the exercise price of an Option by tendering Shares.

Reload Option means an Option that is granted, without further action of the Committee, (i) to an Optionee who surrenders or authorizes the withholding of shares of Stock in payment of amounts specified in paragraphs 6.7(c) or 6.7(d) hereof, (ii) for the same number of shares as is so paid, (iii) as of the date of such payment and at an Option Price equal to the Fair Market Value of the Stock on such date, and (iv) otherwise on the same terms and conditions as the Option whose exercise has occasioned such payment, subject to such contingencies, conditions or other terms as the Committee shall specify at the time such exercised Option is granted.

Reload Option means a Non-Qualified Stock Option granted under Section 6(a)(iv) of the Plan.

Reload Option means an Option granted to a Participant in accordance with Section 6 hereof upon the exercise of an Option.