SAR EXERCISE RIGHTS Sample Clauses

SAR EXERCISE RIGHTS. Grantee shall have the right to surrender all or a portion of this Option in exchange for cash payments under this Section 10 starting on the fourth anniversary of the Date of Grant. The Grantee's righxx xnder this Section 10 shall apply to that number of Option Shares indicated in the schedule set forth below: Surrender Date Option Shares -------------- ------------- Fourth Anniversary 500,000 Fifth Anniversary 1,000,000 Sixth Anniversary 1,500,000 Seventh Anniversary 2,000,000 The Grantee's right to surrender any portion of this Option in exchange for a cash payment under this Section 10 shall terminate as of the date of the Company's receipt of the proceeds of the initial underwritten public offering of the Company's Stock.
Sample 1
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SAR EXERCISE RIGHTS. Grantee shall have the right to surrender all or a portion of this Option in exchange for cash payments under this Section 10 starting on the fourth anniversary of the Date of Xxxxx. The Grantee's rights under this Section 10 shall apply to that number of Option Shares indicated in the schedule set forth below: Surrender Date Option Shares -------------- ------------- Fourth Anniversary 250,000 Fifth Anniversary 500,000 Sixth Anniversary 750,000 Seventh Anniversary 1,000,000
Sample 1
SAR EXERCISE RIGHTS. (a) Subject to the provisions of Section 3.14 hereof which limits the rights of SAR Holders to exercise SAR Exercise Rights, each SAR Holder shall have the right according to the procedures set out below to exercise the payment right of each vested SAR (the "SAR EXERCISE RIGHT") at any time after the first anniversary of the Contribution Closing (the "FIRST EXERCISE DATE") and prior to the Exercise Expiration Date applicable to such SAR Holder, to require Holdings to pay to such SAR Holder an amount in cash equal to the product of (x) the Final Exercise Price with respect to such SAR less the SAR Strike Price of such SAR and (y) the number of units which such SAR represents, in full satisfaction of all rights of the SAR Holder in respect thereof; PROVIDED that (i) each SAR Holder may exercise the SAR Exercise Right of all such SAR Holder's SARs only once, subject to Section 3.20(b) hereof permitting cancellation of certain exercises of SAR Exercise Rights, and must exercise the SAR Exercise Rights of all of its SARs at the same time, (ii) if a proposed exercise of a SAR Exercise Right is canceled pursuant to Section 3.20(b) such exercise shall not be counted as an exercise of the SAR Exercise Right for any purposes hereof, (iii) if a Drag-Along Notice is delivered in accordance with the provisions of Section 4.02, each SAR Holder who has not theretofore exercised (or been deemed to have exercised) his SAR Exercise Right shall be deemed to have delivered a SAR Exercise Notice on the date of delivery of the Drag-Along Notice and, if on or prior to the Decision Date applicable to such deemed delivery, a SAR Holder cancels such exercise of the SAR Exercise Right, such SAR Holder may not exercise its SAR Exercise Right until 120 days after such Decision Date or (iv) after a SAR Holder has delivered a Tag-Along Acceptance Notice in accordance with Section 4.01 hereof, the SAR Holder shall be deemed to have waived his SAR Exercise Right with respect to all SARs covered by the Tag-Along Acceptance Notice, unless such SARs are not purchased in the Tag-Along Sale in accordance with the terms of Section 4.01 within 120 days after the date the Tag-Along Notice is delivered.
Sample 1

Related to SAR EXERCISE RIGHTS

  • Failure to Exercise Rights Nothing herein contained shall impose upon the Lender any obligation to enforce any terms, covenants or conditions contained in this Loan Agreement and the other Loan Documents. Failure of the Lender, in any one or more instances, to insist upon strict performance by the Borrower of any terms, covenants or conditions of this Loan Agreement and the other Loan Documents, shall not be considered or taken as a waiver or relinquishment by the Lender of its right to insist upon and to enforce in the future, by injunction or other appropriate legal or equitable remedy, strict compliance by the Borrower with all the terms, covenants and conditions of this Loan Agreement and the other Loan Documents. The consent of the Lender to any act or omission by the Borrower shall not be construed to be a consent to any other or subsequent act or omission or to waive the requirement for the Lender's consent to be obtained in any future or other instance.

  • EXERCISE RIGHTS The Holder will have the right to exercise this Warrant to purchase shares of Common Stock as set forth below. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain Debt Settlement Agreement dated August 11, 2017 between the Company and the Holder (the “Agreement”).

  • Right of Exercise Subject to the provisions hereof, each Registered Warrantholder may exercise the right conferred on such holder to subscribe for and purchase one (1) Common Share for each Warrant after the Issue Date and prior to the Expiry Time and in accordance with the conditions herein.

  • Right to Exercise; Exercise Price The Holder shall have the right to exercise this Warrant at any time and from time to time during the period beginning on the Issue Date and ending on the Expiration Date as to all or any part of the shares of Common Stock covered hereby (the “Warrant Shares”). The “Exercise Price” for each Warrant Share purchased by the Holder upon the exercise of this Warrant shall be $2.50, subject to adjustment for the events specified in Section 6 below.

  • Right to Exercise Option 3.1 The right to exercise the Option shall terminate forthwith upon the Employee ceasing to be an employee of a Group Company except in the following cases:

  • Exercise a) Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company (or such other office or agency of the Company as it may designate by notice in writing to the registered Holder at the address of the Holder appearing on the books of the Company) of a duly executed facsimile copy (or e-mail attachment) of the Notice of Exercise Form annexed hereto. Within two (2) Trading Days following the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise Price for the shares specified in the applicable Notice of Exercise by wire transfer or cashier’s check drawn on a United States bank unless the cashless exercise procedure specified in Section 2(c) below is specified in the applicable Notice of Exercise. No ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise form be required. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within five (5) Trading Days of the date the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise Form within two (2) Business Days of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.

  • Full Exercise This Warrant may be exercised in full by the Holder hereof by delivery of an original or facsimile copy of the form of subscription attached as Exhibit A hereto (the "Subscription Form") duly executed by such Holder and surrender of the original Warrant within seven (7) days of exercise, to the Company at its principal office or at the office of its Warrant Agent (as provided hereinafter), accompanied by payment, in cash, wire transfer or by certified or official bank check payable to the order of the Company, in the amount obtained by multiplying the number of shares of Common Stock for which this Warrant is then exercisable by the Purchase Price then in effect.

  • Right to Exercise This Option is exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Grant and the applicable provisions of the Plan and this Option Agreement.

  • Failure to Exercise Option To the extent that following termination of employment or service, the Option is not exercised within the applicable periods described above, all further rights to purchase shares pursuant to the Option shall cease and terminate.

  • Agent’s Right to Perform Contracts, Exercise Rights, etc Upon the occurrence and during the continuance of an Event of Default, Agent (or its designee) (a) may proceed to perform any and all of the obligations of any Grantor contained in any contract, lease, or other agreement and exercise any and all rights of any Grantor therein contained as fully as such Grantor itself could, (b) shall have the right to use any Grantor’s rights under Intellectual Property Licenses in connection with the enforcement of Agent’s rights hereunder, including the right to prepare for sale and sell any and all Inventory and Equipment now or hereafter owned by any Grantor and now or hereafter covered by such licenses, and (c) shall have the right to request that any Equity Interests that are pledged hereunder be registered in the name of Agent or any of its nominees.

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