Exercisable definition

Exercisable shall be deemed to include the terms "call" or "callable" as such terms may apply to a stock appreciation right, and in the event of the call of a stock appreciation right the underlying Option will be deemed to have been exercised for all purposes under the Plan. Payment of a stock appreciation right shall be made as soon as reasonably practicable following receipt by the Corporation of the notice described in Paragraph 8. Payment of the stock appreciation right shall be made in such form as may be permitted pursuant to the rules and regulations adopted from time to time by the Committee, as in effect on the date the stock appreciation right is called.
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Exercisable shall be deemed to include the terms "call" or "callable" as such terms may apply to a stock appreciation right granted in conjunction with the Option and in the event of the call of the stock appreciation right the underlying Option will be deemed to have been exercised for all purposes under the Plan. If the Option is not designated in Section 6 of the addendum to this Agreement as being granted with a stock appreciation right, the Option shall nevertheless automati- cally include a stock appreciation right that may be called in the event of a Change in Control, only during the periods described in Subparagraphs (a), (b), (c) or (d) of Para- graph 3 In the case of any stock appreciation right that is called during either of the thirty (30) day periods described in Paragraph 3(a) or 3(d), for purposes of measuring the value of the stock appreciation right, "Fair Market Value" shall be the greater of (a) the value of the consideration per share that the Employee would have received in connection with such transaction as a stockholder of the Corporation if he or she had exercised the Option prior to the consummation of the transaction described in Paragraph 3(a) or Paragraph 3(d) or (b) the value determined in good faith by the Committee (as composed on the day preceding the date of consummation of the transaction described in Paragraph 3(a) or 3(d)), taking into consideration all relevant facts and circumstances. Payment of a stock appreciation right shall be made as soon as reasonably practicable following receipt by the Corporation of the form described in Paragraph 8. Pay- ment of the stock appreciation right shall be made in such form as may be permitted pursuant to the Rules as in effect on the date the stock appreciation right is called.
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Exercisable means, with respect to any options or warrants to purchase Common Stock or any security convertible into or exchangeable for Common Stock, that at the time of determination, such options or warrants may be exercised for Common Stock or any security convertible into or exchangeable for Common Stock.
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Examples of Exercisable in a sentence

  • For the avoidance of doubt, in the event of an Acquisition Event, the Committee may terminate any Exercisable Award for which the exercise price is equal to or exceeds the Fair Market Value on the date of the Acquisition Event without payment of consideration therefor.

  • Notwithstanding anything else herein to the contrary, any Award agreement, notice of exercise of an Exercisable Award, or other document or notice required or permitted by the Plan or an Award that is required to be delivered in writing may, to the extent determined by the Committee, be delivered and accepted electronically.

  • Exercisable by another person only upon consent of the trustee or a person holding an adverse interest.

  • The Company may require that the exercise notice is provided in a form deter- mined by the Company provided that the requirements to the notice is communicated to the Key Em- ployee prior to the Warrants becoming Exercisable.

  • Unless otherwise provided by the Board at the time the Option is granted, an Option designated as an "Incentive Stock Option" shall comply with and be subject to the terms and conditions set forth in the form of Immediately Exercisable Incentive Stock Option Agreement adopted by the Board concurrently with its adoption of the Plan and as amended from time to time.

  • Unless otherwise provided by the Board at the time the Option is granted, an Option designated as a "Nonstatutory Stock Option" shall comply with and be subject to the terms and conditions set forth in the form of Immediately Exercisable Nonstatutory Stock Option Agreement adopted by the Board concurrently with its adoption of the Plan and as amended from time to time.

  • The Company may require that the exercise notice is provided in a form determined by the Company provided that the requirements to the notice is communicated to the Warrant Holder prior to the Warrants becoming Exercisable.

  • Multiple Exercise: Applicable, as described under Exercisable Options above.

  • Exercisable only upon termination, retirement, or other plan permitted event.

  • Exercisable Options may be exercised, in whole or in part, from time to time by giving written notice of exercise to the Company at its principal office, specifying the number of Common Shares to be purchased and accompanied by payment in full of the aggregate Option exercise price for such shares.


More Definitions of Exercisable

Exercisable. (with respect to an option) means vested, or held for a sufficient period of continuous employment such that the option has become eligible to be exercised with respect to some or all of the stock subject to the option as specified in the vesting schedule.
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Exercisable means that the vested portion of an Option may be exercised and shares of Common Stock may be purchased thereby pursuant to Sections I and II of the Option Agreement; per the Option Agreement vested Options may not be exercisable.
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Exercisable means in relation to an Option, the Participant being unconditionally entitled to Exercise such Option pursuant to the Rules and Unexercisable shall be construed accordingly;
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Exercisable or “Exercisability” means, at any given time, the extent to which the Participant may Exercise the Option to purchase Option Shares.
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Exercisable will have a meaning correlative to the foregoing.
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Related to Exercisable

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Exercised has the meaning ascribed to it in Part D of the Network Code;

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Director Option means an Option granted pursuant to Section 6.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Vest means to become exercisable or to otherwise obtain ownership rights in an award.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Option means a stock option granted pursuant to the Plan.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Optioned Stock means the Common Stock subject to an Option.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • SAR means a stock appreciation right granted under the Plan.

  • Vested means the nonforfeitable portion of any account maintained on behalf of a Participant.

  • Stock Appreciation Right or “SAR” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 5.