Conditions on Exercise. An Award Agreement with respect to Options may contain such waiting periods, exercise dates and restrictions on exercise (including, but not limited to, periodic installments) as may be determined by the Committee at the time of grant and subject to this Article VI.
Conditions on Exercise. The Committee may suspend the right to exercise the SARs during any period for which the Committee determines, in its sole discretion, that such suspension would be necessary or advisable in order to comply with the requirements of (i) any applicable federal securities law or rule or regulation thereunder, (ii) any rule of a national securities exchange, national securities association, or other self-regulatory organization, (iii) any other federal or state law or regulation or (iv) any written policy of the Corporation in effect on the date of the proposed exercise (each an “SAR Exercise Suspension”). Notwithstanding the foregoing, no SAR Exercise Suspension shall extend the term of this SAR Award beyond the Expiration Date (as defined below) or in a manner that would otherwise result in the SARs becoming nonqualified deferred compensation subject to Section 409A of the Code.
Conditions on Exercise. The exercisability of the SARs is subject to ---------------------- the conditions set forth in Section 3.3 of the Plan.
Conditions on Exercise. The number of Warrant Shares for which this Warrant ultimately shall be exercisable shall be determined based on the EBIT of the Company for its 1998 and 1999 fiscal years, as set forth in this Section. The "EBIT" of the Company for any period shall mean the Company's net income for such period plus (i) all interest expense by the Company during such period, plus (ii) all income and franchise tax expense incurred by the Company during such period, and disregarding all extraordinary gains and losses outside of the ordinary course of the Company's business. The net income of the Company for any period shall be as set forth in the Company's audited consolidated statement of income for such fiscal year, prepared in accordance with generally accepted accounting principles, consistently applied.
(a) If the EBIT of the Company for its fiscal year ending December 31, 1998 ("Fiscal 1998") is less than $1,000,000, then this Warrant shall become exercisable with respect to a number of Warrant Shares equal to the Maximum first Tranche;
(b) If the EBIT of the Company for Fiscal 1998 is $2,000,000 or more, then the number of Warrant Shares subject to this Warrant shall be reduced by the entire amount of the Maximum First Tranche; and
(c) If the EBIT of the Company for Fiscal 1998 is less than $2,000,000 but is $1,000,000 or more, then this Warrant shall become exercisable with respect to a number of Warrant Shares equal to the Maximum First Tranche times a fraction, the numerator of which is the difference between $2,000,000 and the Company's EBIT for Fiscal 1998, and
Conditions on Exercise. Distributor may not exercise any Internet Licensed Rights until satisfaction of all conditions in Paragraph 2. of the Internet Rider Standard Terms by means of: [ ] Execution of Distributor’s Disclosure of Internet Security Requirements attached as [ ] Notice of Licensor’s Approval per Paragraph 2. of the Internet Rider Standard Terms.
Conditions on Exercise. Unless the shares of Common Stock issuable upon the exercise of the Option have been registered with the Securities and Exchange Commission under the Securities Act of 1933 (as amended, the "Act"), prior to the exercise of the Option, Optionee must represent in writing to Optionor and the Company that the Shares are being acquired for investment purposes only and not with a view towards the further resale or distribution thereof, and must supply to the Company such other documentation as may be required by the Company, unless in the opinion of counsel to the Company such representation, agreement or documentation is not necessary to comply with the Act.
Conditions on Exercise. A Stock Option may be exercised only on a Tokyo Business Day.
Conditions on Exercise. (a) No Option shall become exercisable unless the Notes, together with all accrued and unpaid interest, have been paid in full on or before December 31, 1996.
(b) If the Notes, together with all accrued and unpaid interest, are repaid prior to January 1, 1997, an Option shall become exercisable based on the date of repayment of the Notes and the Cumulative Net Income of the Company, as described in the following schedule:
Conditions on Exercise. The option may not be exercised prior to the first date after , 20 , on which the closing price of the Common Stock on the New York Stock Exchange (“NYSE”) has equaled or exceeded for 30 consecutive trading days $ . Please acknowledge your receipt of this Option, the Agreement and copies of the Plan and Prospectus, by signing and dating this document and returned it to: Xxxxxx Xxxxx-Finance Department. 000 Xxxxx Xxxxxx, 30th Floor Signature: Date: [Name]
Conditions on Exercise. The Committee may suspend the right to exercise the Option during any period for which the Committee determines, in its sole Discretion, that such suspension would be necessary or advisable in order to comply with the requirements of (i) any applicable federal securities law or rule or regulation thereunder, (ii) any rule of a national securities exchange, national securities association, or other self-regulatory organization, (iii) any other federal or state law or regulation or (iv) any written policy of the Corporation in effect on the date of the proposed exercise (each an “Option Exercise Suspension”). Notwithstanding the foregoing, no Option Exercise Suspension shall extend the term of this Option beyond the original expiration of the Option or in a manner that would otherwise result in the Option becoming nonqualified deferred compensation subject to Section 409A of the Code.
