Specified Option definition
Examples of Specified Option in a sentence
Such Options are set forth in Boeing Customer Specified Option Selection Log and Option Data Pages, configuration file (***), dated ***.
The occurrence of a Specified Option Event under clause (a) of the definition thereof.
Notwithstanding the Contract commencement date, all Scratch Ticket Manufacturing and Services hereunder, including associated pricing, shall be effective on September 1, 2024; except that, the Texas Lottery is exercising the Automated Scratch Sales Solution Specified Option included in Contractor’s Revised Cost Proposal (reference RFP Section 8.33.6) as set forth in Section II.
Following the Effective Time, any such canceled Specified Option shall entitle the former holder of such Specified Option only to the payment described in this Section 5.4(a), which shall be paid by the Surviving Corporation within 10 Business Days after the Effective Time.
With the exception of the Automated Scratch Sales Solution (reference RFP Section 8.33.6), the Texas Lottery makes no commitment to any quantity or timing of acquisition of any Specified Option, Invited Option, or Offered Option.
The Company and the Optionee acknowledge and agree that the Specified Option shall automatically be surrendered, canceled and shall cease to exist immediately upon the Effective Date.
To the extent a Specified Option is not exercised in full prior to the Closing, such Specified Option shall terminate and be cancelled for no consideration by virtue of the Closing and without any action on the part of the Company or any Optionholder.
Each Specified Option shall fully vest and become exercisable immediately prior to the Closing (with any Shares issued in connection with the exercise of a Specified Option treated in accordance with Section 2(a)).
The Optionees employment with the Company terminated as of December 31, 2020, by reason of the Optionee’s retirement after reaching the age of 65 years, in accordance with Section 3(c) of the Specified Option Agreements.
A separate Base Price cost (including Automated Scratch Sales Solution or Credit) spreadsheet (Table 3) must be provided for the Automated Scratch Sales Solution Short-term Pricing Specified Option.