Examples of Covered Option in a sentence
Covered Option Writing The Investment Manager may sell call options on securities comprising not more than 15% of the Total Assets determined at the time such options are written to generate additional income and/or to provide downside protection.
Seller agrees to exercise a sufficient number of Stock Options sufficiently in advance of the Closing, and to take all action necessary to have certificates issued with respect to the shares issuable upon exercise of such Stock Options, to permit Seller to deliver the number of Covered Option Shares to Purchaser pursuant to this Agreement at such Closing.
If any Profits realized upon the exercise of any Covered Option inure to the benefit of the Corporation in accordance with the first sentence of this paragraph, an Employee shall pay all such Profits to the Corporation within 30 days after first engaging in any harmful activity and all unexercised Covered Options shall immediately be forfeited and canceled.
Premiums have not been paid for the child named above, for at least two months.
The Plan was also amended to add a new Section 16 entitled "Harmful Activity" which states that, if an Optionee engages in a "harmful activity" prior to or within six months of termination of employment, profits from the exercise of a Covered Option will inure to the benefit of the Corporation in certain circumstances.
As far as I can understand, Long maintains this is what happens when offering a type of insurance like the “mandated” one.
Covered Option Writing The Manager believes that option writing may have potential to add value and is an effective way to help lower the level of volatility for an investor and potentially improve returns.
To be effective, each Deferral Election must be made (A) in or prior to the taxable year immediately prior to the expiration of such Covered Option and (B) at least six (6) months prior to the date of such expiration.
Hydro Resources provides no such exception, relying instead on individual licensees to request and justify any exemptions.
The parties acknowledge and agree that the Shares subject to this Section 1 include _________ shares of Common Stock (the "Covered Option Shares") that Seller has the right to acquire within thirty (30) days of the date hereof through exercise of vested options to purchase Common Stock ("Stock Options").