Substitute Option

Example Definitions of "Substitute Option"
Substitute Option. Means an option granted in assumption of, or in substitution for, an outstanding option previously granted by a corporation acquired by the Corporation or with which the Corporation combines.
Substitute Option. Means an Option granted in substitution for, or upon the conversion of, an option granted by another entity to purchase equity securities in the granting entity.
Substitute Option. An Option that has been issued under this Plan to certain persons pursuant to the Benefits Agreement.
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