Payment of Option Exercise Price or Tax Withholding Amount Sample Clauses

Payment of Option Exercise Price or Tax Withholding Amount. Solely if and to the extent the Purchaser receives all necessary approvals and consents to tender and transfer Company Shares to the Company to satisfy [his or her] obligation to pay all or a portion of (i) the exercise price and/or related minimum statutory tax withholding amount payable by the Purchaser upon his exercise of any vested Options or (ii) the minimum statutory tax withholding amount payable by the Purchaser upon his receipt of Company Shares in settlement of Restricted Units, the Purchaser shall be permitted to Transfer a number of whole Company Shares to the Company having an aggregate Market Value as of the date of the proposed exercise or settlement, as the case may be, equal to the portion of the option exercise price and/or minimum statutory tax withholding amount for which all necessary consents and approvals have been obtained, as determined by the Board of Directors, provided that (i) any such Company Shares Transferred to the Company shall have been owned by the Purchaser on an unconditional basis for at least six months prior to the date of the proposed exercise and (ii) any such Transfer complies with all of the terms and provisions of this Agreement, the Equity Incentive Plan and any agreement with the Company or Burger King evidencing the Options to be exercised or Restricted Units to be settled.
Sample 1
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Payment of Option Exercise Price or Tax Withholding Amount. Solely if and to the extent the Purchaser receives all necessary approvals and consents in connection with the exercise by the Purchaser of any vested Options to pay all or a portion of the option exercise price in respect of such exercise by tendering Company Shares to the Company, the Purchaser shall be permitted to Transfer a number of whole Company Shares to the Company having an aggregate Market Value as of the date of the proposed exercise equal to the portion of the option exercise price for which all necessary consents and approvals have been obtained, as determined by the Board of Directors, provided that (i) any such Company Shares Transferred to the Company shall have owned by the Purchaser on an unconditional basis for at least six months prior to the date of the proposed exercise and (ii) any such Transfer complies with all of the terms and provisions of the Equity Incentive Plan and any agreement with the Company or Burger King evidencing the Options to be exercised.
Sample 1

Related to Payment of Option Exercise Price or Tax Withholding Amount

  • Option Exercise Price The per share price to be paid by Optionee in the event of an exercise of the Option will be $ .

  • Payment of Exercise Price In the event that the holder has elected a Cash Exercise with respect to some or all of the Warrant Shares to be issued pursuant hereto, the holder shall pay the Aggregate Exercise Price in the sum of $___________________ to the Company in accordance with the terms of the Warrant.

  • Payment of Option Price The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six (6) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

  • Exercise Price The exercise price per share of Common Stock under this Warrant shall be $_____, subject to adjustment hereunder (the “Exercise Price”).

  • Adjustment to Exercise Price Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall promptly deliver to the Holder by facsimile or email a notice setting forth the Exercise Price after such adjustment and any resulting adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

  • Adjustments in Exercise Price Whenever the number of Ordinary Shares purchasable upon the exercise of the Warrants is adjusted, as provided in subsection 4.1.1 or Section 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number of Ordinary Shares purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which shall be the number of Ordinary Shares so purchasable immediately thereafter.

  • Minimum Adjustment of Exercise Price No adjustment of the Exercise Price shall be made in an amount of less than 1% of the Exercise Price in effect at the time such adjustment is otherwise required to be made, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which, together with any adjustments so carried forward, shall amount to not less than 1% of such Exercise Price.

  • Adjustment of Exercise Price (a) The Exercise Price and the number of shares deliverable upon the exercise of the Warrants will be subject to adjustment in the event and in the manner following: (i) If and whenever the shares at any time outstanding are subdivided into a greater or consolidated into a lesser number of shares the Exercise Price will be decreased or increased proportionately as the case may be; upon any such subdivision or consolidation the number of shares deliverable upon the exercise of the Warrants will be increased or decreased proportionately as the case may be. (ii) In case of any capital reorganization or of any reclassification of the capital of the Company or in the case of the consolidation, merger or amalgamation of the Company with or into any other Company (hereinafter collectively referred to as a “Reorganization”), each Warrant will after such Reorganization confer the right to purchase the number of shares or other securities of the Company (or of the Company’s resulting from such Reorganization) which the Warrant Holder would have been entitled to upon Reorganization if the Warrant Holder had been a shareholder at the time of such Reorganization. In any such case, if necessary, appropriate adjustments will be made in the application of the provisions of this Article Four relating to the rights and interest thereafter of the Holders of the Warrants so that the provisions of this Article Four will be made applicable as nearly as reasonably possible to any shares or other securities deliverable after the Reorganization on the exercise of the Warrants. The subdivision or consolidation of shares at any time outstanding into a greater or lesser number of shares (whether with or without par value) will not be deemed to be a Reorganization for the purposes of this clause 4.8(a)(ii). (b) The adjustments provided for in this Section 4.8 are cumulative and will become effective immediately after the record date or, if no record date is fixed, the effective date of the event which results in such adjustments.

  • Option Price The Option price is $_______ for each Share, being 100% of the fair market value, as determined by the Committee, of the Common Stock on the date of grant of this Option.

  • Certification of Adjusted Exercise Price or Number of Shares of Common Stock Whenever the Exercise Price or the number of shares of Common Stock issuable upon the exercise of each Warrant is adjusted as provided in Section 11 or 13, the Company shall (a) promptly prepare a certificate setting forth the Exercise Price of each Warrant as so adjusted, and a brief statement of the facts accounting for such adjustment, (b) promptly file with the Warrant Agent and with each transfer agent for the Common Stock a copy of such certificate and (c) instruct the Warrant Agent to send a brief summary thereof to each Holder of a Warrant Certificate.

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