Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body of this Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 18, 2008 (hereinafter referred to as the “Allotment Date”). (1) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded. (2) Payment in exchange for Stock Acquisition Rights: The Stock Acquisition Rights are issued without payment of any consideration to the Corporation. (3) Amount to be paid in per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter referred to as the “Exercise Price”) is initially: 2,987 yen Provided, however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) is higher than 2,987 yen, then the amount equal to the Closing Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions. (4) Period during which the Stock Acquisition Rights may be exercised: As provided for in Exhibit 3 of this Agreement
Appears in 1 contract
Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body of this Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 1816, 2008 2006 (hereinafter referred to as the “Allotment Date”).
(1) Number of the Stock Acquisition Rights allocated to the Qualified Person:
(2) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded.
(23) Payment in exchange for Stock Acquisition Rights: The Stock Acquisition Rights are issued without payment of any consideration to the Corporation.
(34) Amount to be paid in per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter referred to as the “Exercise Price”) is initially: 2,987 yen Provided, however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) is higher than 2,987 ● yen, then the amount equal to the Closing Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.
(45) Period during which the Stock Acquisition Rights may be exercised: As provided for in Exhibit 3 of this Agreement2 attached hereto
Appears in 1 contract
Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body of this Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 18February 28, 2008 2018 (hereinafter referred to as the “Allotment Date”).
(1) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded.
(2) Payment in exchange for Stock Acquisition Rights: The Stock Acquisition Rights are issued without payment of any consideration to the Corporation.
(3) Amount to be paid in per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter referred to as the “Exercise Price”) is initially: 2,987 yen Provided, however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) is higher than 2,987 ● yen, then the amount equal to the Closing Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.
(4) Period during which the Stock Acquisition Rights may be exercised: As provided for in Exhibit 3 of this Agreement
Appears in 1 contract
Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body of this Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 18, 2008 (hereinafter referred to as the “Allotment Date”).
(1) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded.
(2) Payment in exchange for Stock Acquisition Rights: The Stock Acquisition Rights are issued without payment of any consideration to the Corporation.
(3) Amount to be paid in per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter referred to as the “Exercise Price”) is initially: 2,987 yen Provided, however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) is higher than 2,987 yen, then the amount equal to the Closing Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.
(4) Period during which the Stock Acquisition Rights may be exercised: As provided for in Exhibit 3 of this Agreement
Appears in 1 contract
Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body of this Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 18December 4, 2008 2012 (hereinafter referred to as the “Allotment Date”).
(1) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded.
(2) Payment in exchange for Stock Acquisition Rights: The Stock Acquisition Rights are issued without payment of any consideration to the Corporation.
(3) Amount to be paid in per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter referred to as the “Exercise Price”) is initially: 2,987 yen Provided, however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) is higher than 2,987 932 yen, then the amount equal to the Closing Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.
(4) Period during which the Stock Acquisition Rights may be exercised: As provided for in Exhibit 3 of this Agreement
Appears in 1 contract
Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body of this Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 1821, 2008 2017 (hereinafter referred to as the “Allotment Date”).
(1) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded.
(2) Payment in exchange for Stock Acquisition Rights: The Stock Acquisition Rights are issued without payment of any consideration to the Corporation.
(3) Amount to be paid in per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter referred to as the “Exercise Price”) is initially: 2,987 yen Provided, however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) is higher than 2,987 5,231 yen, then the amount equal to the Closing Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.
(4) Period during which the Stock Acquisition Rights may be exercised: As provided for in Exhibit 3 of this Agreement
Appears in 1 contract
Samples: Agreement Concerning Allocation of Stock Acquisition Rights (Sony Corp)
Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body of this Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 1822, 2008 2016 (hereinafter referred to as the “Allotment Date”).
(1) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded.
(2) Payment in exchange for Stock Acquisition Rights: The Stock Acquisition Rights are issued without payment of any consideration to the Corporation.
(3) Amount to be paid in per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter referred to as the “Exercise Price”) is initially: 2,987 yen Provided, however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) is higher than 2,987 3,364 yen, then the amount equal to the Closing Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.
(4) Period during which the Stock Acquisition Rights may be exercised: As provided for in Exhibit 3 of this Agreement
Appears in 1 contract
Samples: Agreement Concerning Allocation of Stock Acquisition Rights (Sony Corp)
Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body that can be found on My Equity of this AgreementEquity Gateway, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 1825, 2008 2024 (hereinafter referred to as the “Allotment Date”).
(1) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded.
(2) Payment Amount to be paid in exchange for Stock Acquisition Rights: The amount of money to be paid in exchange for the Stock Acquisition Rights are issued without shall be the amount obtained by multiplying the option price per share of common stock (calculated using the Black-Scholes model based on the basic figures in (ii) through (vii) below) by the number of shares to be received by exercising the Stock Acquisition Rights.
i. Option price per share of common stock (C)
ii. Share price (𝑆): The closing price of the Corporation’s common stock in regular trading on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on November 22, 2024 (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day)
iii. Exercise price (𝐾): The average Closing Price for the ten (10) consecutive trading days (excluding days on which there is no Closing Price) immediately prior to the allotment date of such Stock Acquisition Rights; provided, however, that if such calculated price is lower than the Closing Price on the trading day immediately preceding the allotment date of the Stock Acquisition Rights (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day), the Exercise price (𝐾) shall be the Closing Price on the trading day immediately preceding the allotment date of the Stock Acquisition Rights.
iv. Estimated remaining years (t): 5.70years
v. Volatility (𝜎): The volatility rate of the share price based on the Closing Prices during the span of 5.70 years (from March 25, 2019 to November 22, 2024).
vi. Risk-free rate (𝑟): Interest rate on Japanese government bonds whose remaining years correspond to the estimated remaining years.
vii. Dividend Yield (𝑞): Dividend per share (expected dividend for the year ending March 31, 2025) / share price (S)
viii. Cumulative density function of the standard normal distribution: (N (・)) The payment of any consideration the amount to be paid by the Qualified Person in exchange for the Stock Acquisition Rights multiplied by the Qualified Person’s Allotted Number (hereinafter referred to as the “Total Amount to be Paid”) will be made by offsetting such amount against: (i) remuneration claims, in an amount equal to the Total Amount to be Paid, which will be granted to the Qualified Person by the Corporation, if the Qualified Person is a corporate executive officer or an employee of the Corporation, or, (ii) remuneration claims, in an amount equal to the Total Amount to be Paid, which will be granted to the Qualified Person by subsidiaries of the Corporation and assumed by the Corporation if the Qualified Person is a director, officer or an employee of a subsidiary of the Corporation. Therefore, no monetary payment will be made by the Qualified Person on the Allotment Date for the purpose of paying the Total Amount to be Paid. On the Allotment Date, the Qualified Person will make an offer, instead of making a payment in the Total Amount to be Paid, (i) to offset (a) remuneration claims, in an amount equal to the Total Amount to be Paid, which will be granted to the Qualified Person by the Corporation by (b) the Qualified Person’s obligation to pay the Total Amount to be Paid if the Qualified Person is a corporate executive officer and an employee of the Corporation, or, (ii) to offset (a) remuneration claims receivables in relation to the relevant subsidiary’s remuneration obligation against the Qualified Person, which the Corporation has assumed from the relevant subsidiary pursuant to a cumulative debt assumption agreement, entered into between the Corporation and the relevant subsidiary by (b) the Qualified Person’s obligation to pay the Total Amount to be Paid if the Qualified Person is a director, officer or an employee of a subsidiary of the Corporation. The Corporation hereby consents to the payment pursuant to such offset.
(3) Amount to be paid in per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter referred to as the “Exercise Price”) is initially: 2,987 yen shall be the number that can be found on My Equity of Equity Gateway. Provided, however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof Closing Price on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on trading day immediately preceding the Allotment Date (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) is higher than 2,987 yenthe above mentioned number displayed on My Equity of Equity Gateway, then the amount equal to the Closing Price on the trading day immediately preceding the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.
(4) Period during which the Stock Acquisition Rights may be exercised: As provided for in Exhibit 3 of this Agreement
Appears in 1 contract
Samples: Stock Acquisition Rights Agreement (Sony Group Corp)
Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body that can be found on My Equity of this AgreementEquity Gateway, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 1825, 2008 2024 (hereinafter referred to as the “Allotment Date”).
(1) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded.
(2) Payment Amount to be paid in exchange for Stock Acquisition Rights: The Stock Acquisition Rights are issued without payment amount of any consideration to the Corporation.
(3) Amount money to be paid in per share to be issued or transferred upon exercise of exchange for the Stock Acquisition Rights shall be the amount obtained by multiplying the option price per share of common stock (hereinafter referred calculated using the Black-Scholes model based on the basic figures in (ii) through (vii) below) by the number of shares to as be received by exercising the “Exercise Price”) is initially: 2,987 yen Provided, however, that if the Stock Acquisition Rights.
i. Option price per share of common stock (C)
ii. Share price (𝑆): The closing price of shares of the Corporation’s common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date November 22, 2024 (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day)
iii. Exercise price (𝐾): The average Closing Price for the ten (10) consecutive trading days (excluding days on which there is higher no Closing Price) immediately prior to the allotment date of such Stock Acquisition Rights; provided, however, that if such calculated price is lower than 2,987 yen, then the amount equal to the Closing Price on the Allotment Date shall be trading day immediately preceding the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions allotment date of the Terms and Conditions.
(4) Period during which the Stock Acquisition Rights may (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day), the Exercise price (𝐾) shall be exercised: As provided for in Exhibit 3 the Closing Price on the trading day immediately preceding the allotment date of this Agreementthe Stock Acquisition Rights.
iv. Estimated remaining years (t): 5.70years
v. Volatility
Appears in 1 contract
Samples: Stock Acquisition Rights Agreement (Sony Group Corp)
Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body of this Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 18November20, 2008 2018 (hereinafter referred to as the “Allotment Date”).
(1) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded.
(2) Payment in exchange for Stock Acquisition Rights: The Stock Acquisition Rights are issued without payment of any consideration to the Corporation.
(3) Amount to be paid in per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter referred to as the “Exercise Price”) is initially: 2,987 yen Provided, however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) is higher than 2,987 ● yen, then the amount equal to the Closing Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.
(4) Period during which the Stock Acquisition Rights may be exercised: As provided for in Exhibit 3 of this Agreement
Appears in 1 contract
Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body of this Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 1820, 2008 2018 (hereinafter referred to as the “Allotment Date”).
(1) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded.
(2) Payment in exchange for Stock Acquisition Rights: The Stock Acquisition Rights are issued without payment of any consideration to the Corporation.
(3) Amount to be paid in per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter referred to as the “Exercise Price”) is initially: 2,987 yen Provided, however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) is higher than 2,987 ● yen, then the amount equal to the Closing Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.
(4) Period during which the Stock Acquisition Rights may be exercised: As provided for in Exhibit 3 of this Agreement
Appears in 1 contract
Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body of this Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 1820, 2008 2014 (hereinafter referred to as the “Allotment Date”).
(1) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded.
(2) Payment in exchange for Stock Acquisition Rights: The Stock Acquisition Rights are issued without payment of any consideration to the Corporation.
(3) Amount to be paid in per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter referred to as the “Exercise Price”) is initially: 2,987 yen Provided, however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) is higher than 2,987 2,356 yen, then the amount equal to the Closing Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.
(4) Period during which the Stock Acquisition Rights may be exercised: As provided for in Exhibit 3 of this Agreement
Appears in 1 contract
Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body of this Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 1820, 2008 2013 (hereinafter referred to as the “Allotment Date”).
(1) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded.
(2) Payment in exchange for Stock Acquisition Rights: The Stock Acquisition Rights are issued without payment of any consideration to the Corporation.
(3) Amount to be paid in per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter referred to as the “Exercise Price”) is initially: 2,987 yen Provided, however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) is higher than 2,987 2,007 yen, then the amount equal to the Closing Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.
(4) Period during which the Stock Acquisition Rights may be exercised: As provided for in Exhibit 3 of this Agreement
Appears in 1 contract
Subscription for and Allocation of the Stock Acquisition Rights. The Qualified Person hereby applies for the subscription for the number of Stock Acquisition Rights set forth in the main body of this Agreement, which such Stock Acquisition Rights are to be issued in accordance with the Terms and Conditions, and pursuant to this Agreement, the Corporation allocates such number of the Stock Acquisition Rights to the Qualified Person in accordance with the following terms on November 1819, 2008 2015 (hereinafter referred to as the “Allotment Date”).
(1) Class and number of shares to be issued or transferred upon exercise of each Stock Acquisition Right: 100 shares of common stock of the Corporation In the event that the Corporation conducts a stock split (including free distribution of shares (musho-wariate)) or a consolidation of the shares of common stock of the Corporation, the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be adjusted in accordance with the following formula: Number of Granted Shares after adjustment = Number of Granted Shares before Adjustment x Ratio of split or consolidation Provided, however, that such adjustment shall be made only with respect to the Number of Granted Shares for the Stock Acquisition Rights which have not been exercised at the time of the adjustment. Any fraction less than one (1) share resulting from the adjustment shall be disregarded.
(2) Payment in exchange for Stock Acquisition Rights: The Stock Acquisition Rights are issued without payment of any consideration to the Corporation.
(3) Amount to be paid in per share to be issued or transferred upon exercise of the Stock Acquisition Rights (hereinafter referred to as the “Exercise Price”) is initially: 2,987 yen Provided, however, that if the closing price of shares of common stock of the Corporation in the regular trading thereof on the Tokyo Stock Exchange (hereinafter referred to as the “Closing Price”) on the Allotment Date (if there is no Closing Price on such date, the Closing Price on the immediately preceding trading day) is higher than 2,987 3,404 yen, then the amount equal to the Closing Price on the Allotment Date shall be the initial Exercise Price. In this case, the Corporation shall notify such initial Exercise Price to the Qualified Person. The Exercise Price may be adjusted pursuant to the provisions of the Terms and Conditions.
(4) Period during which the Stock Acquisition Rights may be exercised: As provided for in Exhibit 3 of this Agreement
Appears in 1 contract
