Cashing Out of Option. The Committee may elect to cash out all or part of the portion of any Option to be exercised by paying the optionee an amount, in cash or Common Stock, equal to the excess of the Fair Market Value of the Common Stock that is the subject of the portion of the Option to be exercised over the Option Price times the number of shares of Common Stock subject to the portion of the Option to be exercised on the effective date of such cash out.
Appears in 11 contracts
Samples: 2023 Stock Incentive Plan (Universal Corp /Va/), Universal Corp /Va/, Landamerica Financial Group Inc
Cashing Out of Option. The Committee may elect to cash out all or part of the portion of any Option to be exercised by paying the optionee an amount, in cash or Common Stock, equal to to, on the effective date of such cash out, the excess of the Fair Market Value of the Common Stock that is the subject of the portion of the Option to be exercised over the Option Price times the number of shares of Common Stock subject to the portion of the Option to be exercised on the effective date of such cash outexercised.
Appears in 3 contracts
Samples: Open Plan (Open Plan Systems Inc), Open Plan (Open Plan Systems Inc), Open Plan Systems Inc
Cashing Out of Option. The Committee may elect to cash out all or part of the portion of any Option to be exercised by paying the optionee an amount, in cash or Common Stock, equal to the excess of the Fair Market Value of the Common Stock that is the subject of the portion of the Option to be exercised over the Option Price option price times the number of shares of Common Stock subject to the portion of the Option to be exercised on the effective date of such cash out.
Appears in 3 contracts
Samples: Landamerica Financial Group Inc, Landamerica Financial Group Inc, Lawyers Title Corp
