Option Exchange Program

Option Exchange Program. A program whereby outstanding Options are surrendered or cancelled in exchange for Options that are granted more than six months and one day following such surrender or cancellation and are of the same type (which may have a lower exercise price or purchase price), of a different type and/or cash, and subject to certain conditions (e.g., continued employment).

Option Exchange Program. A program whereby outstanding Options are surrendered or cancelled in exchange for Options of the same type (which may have a lower exercise price or purchase price), of a different type and/or cash.

Option Exchange Program. A program approved by the Administrator whereby outstanding Options are canceled at a time when the exercise price thereof may be equal to, greater than or less than the Fair Market Value of the Common Stock in exchange for other Options (or stock options granted pursuant to a plan of a Parent or Subsidiary of the Company), whether or not such other Options or stock options are delivered simultaneously with the cancellation and whether or not the cancellation is voluntary on the part of the... Optionee (or any action that has the same effect as the foregoing) View More

Option Exchange Program. A program in which outstanding Options are surrendered in exchange for Options with a lower exercise price.

Option Exchange Program. Any program approved by the Administrator whereby outstanding Options are exchanged for Options with a lower exercise price, including a program in which the only change made to such Awards is to lower the exercise price

Option Exchange Program. Means a program approved by the Administrator whereby outstanding Options are exchanged for Options with a lower exercise price or are amended to decrease the exercise price as a result of a decline in the Fair Market Value of the Common Stock provided that any such repricing be made in accordance with Section 1.409A-1(b)(5)(v)(D) of the Treasury Regulations, or in connection with a transaction which is considered the grant of a new Option for purposes of Section 409A of the Code, provided that... the new exercise price or grant price is not less than the Fair Market Value of a Share on the new grant date. View More

Option Exchange Program. A program whereby (i) outstanding Options are surrendered or cancelled in exchange for options with different exercise conditions, awards of a different type, and/or cash, (ii) Optionees have the opportunity to transfer any outstanding Options to a financial institution or other person or entity, and/or (iii) the purchase or subscription price of an outstanding Option is increased or reduced