Incredimail 2012 Annual Report Download - page 164

ISRAELI SHARE OPTION PLAN
2.28 “Share” means the ordinary shares, NIS 0.01 par value each, of the Company.
2.21
“
102 Option
”
means any Option granted to Employees pursuant to Section 102 of the Ordinance.
2.22
“
3(i) Option
”
means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non
-
Employee.
2.23
“
Optionee
”
means a person who receives or holds an Option under the ISOP.
2.24
“
Option Agreement
”
means the share option agreement between the Company and an Optionee that sets out the terms and
conditions of an Option.
2.25
“
Ordinance”
means the 1961 Israeli Income Tax Ordinance [New Version] 1961 as now in effect or as hereafter amended.
2.26
“
Purchase Price
”
means the price for each Share subject to an Option.
2.27
“Section 102”
means section 102 of the Ordinance as now in effect or as hereafter amended.
2.29 “Successor Company”
means any entity the Company is merged to or is acquired by, in which the Company is not the
surviving entity.
2.30
“
Transaction
”
means (i) merger, acquisition or reorganization of the Company with one or more other entities in which the
Company is not the surviving entity, (ii) a sale of all or substantially all of the assets of the Company.
2.31
“
Trustee
”
means any individual appointed by the Company to serve as a trustee and approved by the ITA, all in accordance
with the provisions of Section 102(a) of the Ordinance.
2.32 “
Unapproved 102 Option
”
means an Option granted pursuant to Section 102(c) of the Ordinance and not held in trust by a
Trustee.
2.33
“Vested Option”
means any Option, which has already been vested according to the Vesting Dates.
2.34
“
Vesting Dates
”
means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled
to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.
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