Increased Exercise Price Clause Samples
The Increased Exercise Price clause establishes that the price at which an option or warrant can be exercised will be raised under certain specified conditions. Typically, this clause is triggered by events such as the passage of time, the occurrence of a particular milestone, or the failure to meet certain obligations, resulting in a higher cost for the holder to purchase the underlying asset. Its core practical function is to incentivize timely exercise or performance and to protect the issuer from potential dilution or unfavorable market conditions by adjusting the exercise price upward when certain criteria are met.
Increased Exercise Price. The exercise price per share set forth in the Option Agreement for each of the Options listed on Schedule I is hereby increased, with respect to the shares subject to the Covered Portion of that Option, to the higher exercise price per share set forth for that Option on Schedule I.
Increased Exercise Price. The Options Exercise Price currently in effect for the Affected Options is hereby increased to the Re-measurement Price set forth on Exhibit A hereto.
Increased Exercise Price. The exercise price per share set forth in the Option Agreement for each of the 6,000 Repriced Options is hereby increased to the higher “New Exercise Price Per Share Following Amendment” set forth for the Repriced Options in column six of Section A of Schedule I. Except for the foregoing increase to the exercise price per share of the 6,000 Repriced Options, no other terms or provisions of the Option Agreements for the 32,000 Options set forth in Section A of Schedule I or the applicable Plans for such Options have been modified as a result of this Agreement, and those terms and provisions shall continue in full force and effect.