Excluded Replacement Options

Excluded Replacement Options. Means the replacement options covered by a grant to a Participant under the key contributor program of a Stock Option Plan if, on the Termination Date, (i) all of the original options granted to such Participant in connection with the grant of such replacement options have not been exercised or (ii) such original options have been exercised but the replacement options could never become exercisable due to such Participant's failure to continue to own ... beneficially the required number of common shares of the Company that were acquired on the exercise of the original options, determined in accordance with the terms of the grant of the replacement options. View More