Effective Date of Exercise definition
Effective Date of Exercise means the date on which the Company has received written notice of exercise of an Option, in such form as is acceptable to the Committee, and full payment of the purchase price.
Effective Date of Exercise means the date on which the Company has received a written notice of exercise, in such form as is acceptable to the Committee, and full payment of the purchase price or provision thereof as hereinafter provided.
Effective Date of Exercise. : means the Business Day on which the Company receives from the Participant all of the Exercise Items upon an exercise of his Option pursuant to Rule 6(b)(i) and, if any term or condition for the exercise of an Option is to be satisfied and fulfilled pursuant to Rule 6(b)(ii), then the Business Day on which the Board is also satisfied of the satisfaction and fulfilment of such terms or conditions pursuant to Rule 6(b)(ii);
Examples of Effective Date of Exercise in a sentence
The Holder hereof shall not acquire any rights as a shareholder of the Company until the day following the Effective Date of Exercise.
Each exercise of this Warrant shall be deemed to have been effected immediately prior to the close of business on the Effective Date of Exercise.
Any Option not exercised by 5:00 p.m. on the Effective Date of Exercise shall no longer be exercisable and shall lapse.
The Exercise Price for each Option shall be comprised of: (i) the sum of One Hundred Thousand Dollars ($100,000) in cash (the “Cash Portion”) payable in immediately available funds on the Effective Date of Exercise and (ii) a reduction in the amount of One Hundred Thousand Dollars ($100,000) of the outstanding principal balance of the Note.
More Definitions of Effective Date of Exercise
Effective Date of Exercise means the later of (i) the date on which the Company has received a written notice of exercise of an Option and full payment of the purchase price from the Optionee, or (ii) the effective date of exercise set forth in written notice.