Exercisability. Each New Warrant may be exercised, at any time and from time to time, in whole or in part, at the option of the Holder thereof. Any exercise of a New Warrant shall be subject to customary exercise terms, including (i) the delivery of an appropriate exercise form, (ii) payment in full of the applicable Exercise Price and (iii) execution of the Shareholders Agreement.
Exercisability. To the extent of 24.9% of the sum of (A) the number of shares of Common Stock issued upon conversion of the 2001 Notes, (B) the number of any shares of Contingent Stock that are issued, and (C) the number of shares of Common Stock issuable pursuant to this Special Warrant in respect of shares described in clauses (A) and (B) above; or after the second anniversary of the issuance of this Special Warrant, whichever is earlier. Shares Subject to Warrant: Equal to the number of shares of Common Stock that is the difference between (i) 24.9% of the sum of (A) the outstanding shares of Common Stock as of the Closing Date after giving effect to the issuance of the Shares and the exercise of this Special Warrant, and assuming the conversion into Common Stock of all the 2001 Notes outstanding on the Closing Date at the conversion price resulting from adjustments made as a result of the Tender Offer and the Distributions and (B) the number of any shares of Contingent Stock that are issued, and (ii) 24.9% of the outstanding shares of Common Stock as of the Closing after giving effect to the issuance of the Shares. Transferability: Transferable to the same extent as Shares. Cashless Exercise: Permitted. Antidilution Protection: Customary.
Exercisability. This option shall first become exercisable as follows: ___ Immediately exercisable upon date of grant ___ ___ percent of option shares exercisable on the first anniversary of the date of grant; ___ percent of option shares exercisable on each successive anniversary of the date of grant. ___ Other:______________________________________________________________ Notwithstanding the above, all shares under this option shall become exercisable upon the death, disability or retirement (as defined in the Plan) of the Participant or upon a change of control of AGL Resources Inc. (as defined in the Plan). Also, in the event of the Participant’s termination of employment for any reason other than death, disability or retirement (as defined in the Plan), any portion of the option which has not become exercisable shall immediately terminate.
Examples of Exercisability in a sentence
Initial Exercisability Initially, the Rights will not be exercisable, certificates will not be sent to stockholders and the Rights will automatically trade with the Common Shares.
The following provision supplements the Exercisability section of the Award Agreement: The Company reserves the right to restrict the methods and timing of the exercise of the Option at any time to comply with the applicable securities law restrictions in Italy.
In this regard, you acknowledge having read and specifically approve the following sections of the Award Agreement and this Appendix I, as applicable: (i) Vesting; (ii) Exercisability; (iii) Termination; (iv) Taxes; (v) No Guarantee of Continued Service; (vi) Acknowledgment of Nature of Award; (vii) Governing Law; Jurisdiction; Waiver of Jury Trial; and (vii) the terms and conditions set forth immediately above in this section of Appendix I for Italy.
The following provision supplements the Exercisability section of the Award Agreement: Notwithstanding any provision in the Plan or the Award Agreement to the contrary, you are prohibited from surrendering Shares that you already own or attesting to the ownership of Shares to pay the Exercise Price per Share or any Tax-Related Items in connection with this Option.
Class A Warrant Certificate No.: Number of Class A Warrants: See Reverse for Certain Definitions Exercisable from and after , 2004 or the Trigger Event Date (as that term is defined in the Class A Warrant Agreement) until 5:00 p.m., New York City time on , 2005 (the "Exercisability Date") or, if such day is not a Business Day (as defined in the Class A Warrant Agreement described below), the next Business Day (the “ Expiration Date”).
More Definitions of Exercisability
Exercisability. Rights become exercisable on the earlier of: (i) the tenth day following the date of public announcement by the Company or by any person or group (an "Acquiring Person") that such person or group has acquired beneficial ownership of 15% or more of the Company's outstanding Common Stock, or (ii) the tenth business day (unless extended by the Board prior to the time a person becomes an Acquiring Person) following the commencement, or announcement of an intention to commence, by any person or group of a tender or exchange offer which would result in such person owning 15% or more of the outstanding Common Stock of the Company (the earlier of such dates is referred to as the "Distribution Date"), provided that an Acquiring Person does not include an Exempt Person or a Grandfathered Person (as such terms are defined in the Rights Agreement). Rights will trade separately from the Common Stock once the Rights become exercisable."
Exercisability. The Option will be exercisable in accordance with the terms of the Option Agreement.
Exercisability. For the purposes of Section 2.0 through Section 10.0 of this --------------- Grant Agreement, the term "Company" shall mean collectively Thiokol Corporation, Howmet Corporation and the Cercast Group of Companies and wholly-owned subsidiaries.
Exercisability. The Rights become exercisable after the Distribution Date. The Rights, in all likelihood, would still not be exercised by the holders after the Distribution Date unless and until a Flip-In Event or a Flip-Over Event has occurred or does occur. Transferability: Until the Distribution Date, the Rights are attached to the certificates representing outstanding shares of Common Stock and can only be transferred in connection with the underlying shares of Common Stock. Until the Distribution Date, new Common Stock certificates issued after the Dividend Record Date upon transfer or new issuance of the Company's Common Stock will contain a notation incorporating the Rights Agreement by reference, and the surrender for transfer of any of the Company's Common Stock certificates will also constitute transfer of the Rights associated with the Common Stock represented by such Certificate. After the Distribution Date, the Rights will separate from the Common Stock, Separate Rights Certificates will be issued and the Rights will be separately tradable.
Exercisability. The Rights will not be exercisable until: - 10 calendar days after the public announcement that a person or group has become an "Acquiring Person" by obtaining beneficial ownership of 15% or more of the Company's outstanding common stock, or, if earlier; - 10 business days (or a later date determined by the Board before any person or group becomes an Acquiring Person) after a person or group begins a tender or exchange offer which, if completed, would result in that person or group becoming an Acquiring Person; provided, however, that Tom E. DuPree, Jr. is exempxxx xxxx xxxxx xxxxisions. We refer to the date when the Rights become exercisable as the "Distribution Date." Until that date, the common stock certificates will also evidence the Rights, and any transfer of shares of common stock will constitute a transfer of Rights. After that date, the Rights will separate from the common stock and be evidenced by Rights certificates that we will mail to all eligible holders of common stock. Any Rights held by an Acquiring Person are void and may not be exercised.
Exercisability means, at any given time, the extent to which the Participant may Exercise the Option to purchase Option Shares.
Exercisability. This Option shall become exercisable as follows: Cumulative Number of Option Shares Date Option Becomes Exercisable as to Which Option is Exercisable January 13, 2006 33-1/3% or [One-Third] Shares January 13, 2007 66-2/3% or [Two-Thirds] Shares January 13, 2008 100% or [Total Shares] Total 100% or [Total Shares] ; provided, however, that if the Company experiences a Change of Control, and on or before the twelve-month anniversary of the date of such Change of Control the Company terminates the Participant’s employment without Cause, then this Option shall become fully vested. Subject to the foregoing, the effects upon this Option by reason of the Participant’s termination of employment with the Company or any of its subsidiaries due to death, Retirement, Cause or Disability are provided for in Section 6(e) of the Plan.”