Digital Options definition
Examples of Digital Options in a sentence
Binary and Digital Options Contracts in stocks, commodities, indices and currency pairs.
In accordance with law, the Bank hereby informs the Client of the special risks borne by the Client and arising due to the nature of Digital Options.
Digital Option In the case of Digital Options, no conversion takes place at all; instead, the parties agree on a payout amount in advance whose payment depends on whether the pre-defined rate (strike price) is reached at any time during the term.
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The Shareholder Digital Options will have an exercise price equal to the closing price of the Digital Common Stock on the Nasdaq National Market on the Effective Date and will vest in accordance with the customary vesting schedule prescribed for options granted to Digital employees under Digital's 1993 Stock Option Plan.
Digital shall use its --------------------------------- reasonable best efforts to cause each securityholder of Digital receiving Agile Common Stock as Merger Consideration, and/or Agile Common Stock upon conversion of Warrants and/or having Digital Options converted into Assumed Options pursuant to the Merger (the "Securityholders"), prior to the Closing Date, to execute and deliver a Securityholder Agreement in the form attached as Exhibit D --------- hereto.
The Shareholder Digital Options will be granted as part of a new Digital employee option plan (the "Digital 1996 Option Plan"), which will be adopted by Digital's Board of Directors prior to the Closing and will be submitted to the shareholders of Digital for approval within twelve months following such adoption, and no Shareholder Digital Options will be exercisable until such shareholder approval is obtained.
For Digital Options, the lowest value of transactions (payout) will be EUR 50,000 or its equivalent.
Concurrently with the Closing, Digital will grant to each of the Shareholders listed on Exhibit A the number of options to purchase shares of Digital Common Stock shown opposite their respective names on Exhibit A (the "Shareholder Digital Options").
The Bank only concludes American type option transactions for Digital Options.