Option Exchange Program

Example Definitions of "Option Exchange Program"
Option Exchange Program. Means a program approved by the Committee whereby outstanding Options (i) are exchanged for Options with a lower exercise price or Restricted Stock or (ii) are amended to decrease the exercise price as a result of a decline in the Fair Market Value of the Common Stock.
Found in Astera Labs, Inc. contract
Option Exchange Program. Means a program whereby (i) 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; and/or (ii) the exercise price of an outstanding Option is reduced. The Administrator will determine the terms and conditions of any Option Exchange Program in its sole discretion. -2-
Found in HYTEK MICROSYSTEMS INC contract
Option Exchange Program. Means a program whereby outstanding Options are surrendered in exchange for Options with a lower exercise price or Restricted Stock.
Found in OPSWARE INC contract
Option Exchange Program. Means a program whereby outstanding Options are surrendered in exchange for other Options.
Found in MNC Corp contract
Option Exchange Program. Means a program whereby outstanding Options are repriced or surrendered in exchange for other Options.
Found in MNC Corp contract
Option Exchange Program. Means a program whereby outstanding Options are surrendered in exchange for (i) Options with a lower exercise price or (ii) other Awards or cash.
Found in LECG CORP contract
Option Exchange Program. Means a program approved by the Administrator whereby outstanding Options (i) are exchanged, in full or in part, for Options with a lower exercise price, Restricted Stock or cash or (ii) are amended to decrease the exercise price as a result of a decline in the Fair Market Value of the Common Stock.
Found in Exponential Interactive, Inc. contract
Option Exchange Program. Means a program approved by the Administrator whereby outstanding Options are exchanged for Options with a lower exercise price.
Found in NETLOGIC MICROSYSTEMS INC contract
Option Exchange Program. Means a program whereby outstanding Options are surrendered or cancelled in exchange for the right to receive options of the same type, of a different type and/or cash pursuant to such terms as the Administrator may determine.
Found in ATMEL CORP contract
Option Exchange Program. A plan under which outstanding options are surrendered in exchange for options with a lower exercise price
Found in ELECTRO RENT CORP contract
All Definitions