Common use of Settlement Method Election Date Clause in Contracts

Settlement Method Election Date. The third Scheduled Trading Day immediately preceding the First Expiration Date. Default Settlement Method: Net Share Settlement Cash Percentage: 0%; provided, however, that if Company (i) validly delivers notice pursuant to Section 7.1 of the Equity Definitions and (ii) in such notice validly elects Cash Settlement and a Cash Percentage greater than 0% and less than or equal to 100%, the Cash Percentage shall equal the percentage specified as such in such notice. Net Share Settlement: On the relevant Settlement Date, Company shall deliver to Dealer a number of Shares equal to the Share Delivery Quantity for such Settlement Date to the account specified hereto free of payment through the Clearance System and pay to Dealer an amount of cash in USD equal to the Fractional Share Amount for such Settlement Date.