Bonus Shares. in the event the Company distributes bonus shares in the period between the Determining Date and the last exercise date, and the Determining Date for their distribution (hereinafter: "Bonus Date") falls before the date in which the Offeree exercised all the rights by virtue of this Warrant, or before the last Exercise Date, upon the earlier, then the number of bonus shares in respect of which the Offeree did not exercise this Warrant, shall increase by the same number that the Offeree would have received if he had exercised that part of this Warrant that was not yet exercised by him prior to the Bonus Date. The Exercise Price set forth in clause 6 above for each Exercisable Share (in addition to the bonus shares obtained in respect whereof as specified hereinabove) shall not vary as a result of adding the bonus shares as specified hereinabove. the right of the Offeree for the Company's shares in the event of distribution of bonus shares shall be retained until the exercise date of this Warrant and shall be executed only on the exercise date of this Warrant.
Appears in 2 contracts
Samples: Warrant Agreement (G Willi Food International LTD), Warrant Agreement (G Willi Food International LTD)
Bonus Shares. in the event If the Company distributes bonus shares in during the period between the Determining Grant Date and the last exercise datedate for exercise, and the Determining Date record date for their the distribution thereof (hereinafter: "hereinafter – the “Bonus Date"”) falls will fall before the date in on which the Offeree has exercised all of the rights by virtue of this Warrant, or before the last Exercise Datedate for the exercise, upon whichever is the earlier, then the number of bonus shares the Exercisable Shares in respect of which the Offeree did not exercise has yet to realise this Warrant, shall will increase by a number of bonus shares of the same number that amount as the Offeree would have received if had he had exercised that part such unexercised portion by him of this Warrant that was not yet exercised by him prior to the Bonus Date. The Exercise Price set forth mentioned in clause 6 5 above for each in respect of any Exercisable Share (in addition to plus the bonus shares obtained that have been received in respect whereof thereof as specified hereinabovestated above) shall not vary will remain unchanged as a result of adding the addition of bonus shares as specified hereinabovedescribed above. the The Offeree’s right of the Offeree for to the Company's ’s shares in the event of a distribution of bonus shares shall will be retained preserved until the exercise date of this Warrant and shall be executed effectively carried out only on the exercise date of this Warrant.
Appears in 2 contracts
Samples: Warrant Agreement (G Willi Food International LTD), Warrant Agreement (G Willi Food International LTD)