Examples of ESPP Termination Date in a sentence
On or prior to the Effective Time, Target shall have taken all action necessary to terminate the Target ESPP on the last Business Day of the pay period immediately preceding the Effective Time (such Business Day, the "ESPP Termination Date"), and, for all purposes, notwithstanding the terms of the Target ESPP, no purchase rights shall be granted or exercised under the Target ESPP subsequent to the ESPP Termination Date.
The Company shall give participants in the ESPP at least 10 days notice of such ESPP Termination Date in accordance with the ESPP.
Each outstanding purchase option under the ESPP on the ESPP Termination Date shall be exercised on such date for the purchase of Common Shares at a Purchase Price (as defined in the ESPP) per share equal to 85% of the Fair Market Value (as defined in the ESPP) of a Common Share on the Enrollment Date (as defined in the ESPP) or on the ESPP Termination Date, whichever is lower.
The cost to each participant in the SmarterKids Employee Stock Purchase Plan for shares of SmarterKids Common Stock will be the lower of 85% of the average market price of SmarterKids Common Stock on Nasdaq on (A) the first day of the then current offering period or (B) the ESPP Termination Date or the Final SmarterKids Purchase Date, as the case may be.
Any excess payroll deductions not used to purchase shares or determine payment amounts pursuant to this Section 3.03(c) as a result of ESPP share limitations or fractional share limitations shall be distributed to the applicable participant immediately following the ESPP Termination Date, without interest.
The Company shall give participants in the ESPP at least 10 days' notice of such ESPP Termination Date in accordance with the ESPP.
Each outstanding purchase right under the Company ESPP on the ESPP Termination Date shall be exercised on such date for the purchase of Company Stock in accordance with the terms of the Company ESPP.
The ESPP Termination Date shall be designated as a new “Exercise Date” (as defined in the ESPP) for the Offering Period (as defined in the ESPP) ending on the ESPP Termination Date.
If the Effective Time occurs during the Final Payment Period, the Final Payment Period shall terminate no later than the day immediately prior to the Closing Date (the “ESPP Termination Date”), and the Company shall cause the exercise date applicable to the Final Payment Period to accelerate and occur on the ESPP Termination Date with respect to any then-outstanding options.
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