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What is option right

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    Copy Examples of Option Rights in a sentence Option Rights can only be exercised for the Minimum Exercise Number of Warrants set out in paragraph 2 or for an integral multiple thereof. The interpretation and construction by the Committee of any provision of this Plan or of any agreement, notification or document evidencing the grant of Option Rights, Appreciation Rights, Restricted Shares, Restricted Stock Units, Deferred Shares, Performance Shares and Performance Units and any determination by the Committee pursuant to any provision of this Plan or any such agreement, notification or document shall be final and conclusive.

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    Option Rights can only be exercised for the Minimum Exercise Number of Securities or for an integral multiple thereof. Any grant of Option Rights may specify Management Objectives that must be achieved as a condition to the exercise of such rights.

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    Each grant shall specify the period or periods of continuous service by the Optionee with the What is option right or any Subsidiary that is necessary before the Option Rights or installments thereof shall become exercisable, and any such grant may provide for the earlier exercisability of such rights in the event of the retirement, death or disability of the Participant or a Change in Control.

    More Definitions of Option Rights Option Rights means any warrants, options or other rights to subscribe for or purchase, or obligations to issue, any Units, or any Convertible Securities, including, without limitation, any options or similar rights issued or issuable under any employee equity incentive plan, pension plan or other employee benefit plan of the Company.