Tennessee Director Option Agreement
Description
How to fill out Director Option Agreement?
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FAQ
A Common Unit Option is a right to purchase a specified number of Common Units, at a specified price during such specified time as the Committee shall determine.
The option agreement is a legally binding contract entered by two parties, one seller and the other buyer of the option, where the contract outlines that one party has the right but not the obligation to buy or sell the asset and also defines each party's responsibilities to the other which must be honored till either ...
Unit Option means the conditional right to receive a cash payment equal to the difference between the Closing Price of one share of Common Stock on the Surrender Date and the Grant Value, if such difference is greater than zero.
Unit Option Agreement means an agreement in writing between the Participant and one or more Affiliates that shall specify the Grant Value of each Unit Option, the duration of each Unit Option, the number of Unit Options granted, the effect of any Termination on Restricted Units, and such other terms and conditions as ...
A stock option provides an employee with the opportunity to purchase a set number of shares of company stock at a certain price within a certain period of time. The price is called the ?grant price? or ?strike price.? This price is usually based on a discounted price of the stock at the time of hire.
A share option agreement is an agreement between the holder of shares and a third party giving one party the right (but not the obligation) to purchase or sell shares at a future date, at an agreed price. If the option is exercised, the other party is obliged to purchase or sell those shares.