Exercise Election definition
Examples of Exercise Election in a sentence
Except for any rights which Executive may have to the Fixed Amount, Vested Incentive Compensation, Total Vested Options (including, without limitation, by acceleration in accordance with sub-paragraph 9(a)) and the Vested Option Exercise Election, the Vested Tax Gross-Up Payment, Expense Reimbursement, Medical Continuation and the Excise Tax Gross Up set forth in subparagraph 9(c), the Company shall have no further obligations hereunder following such termination.
In the event that the Center makes a Net Issue Exercise Election pursuant to this Section 1.4, the provisions of Section 1.2 regarding certain delivery obligations of the Center, and Section 1.3 regarding certain delivery obligations of the Company, shall be fully applicable upon such election.
The Company shall provide the Holder with written notice of the IPO and, if applicable, the IPO Exercise Election, which shall be delivered to Holder not less than ten (10) days prior to the closing of the IPO.
In the event the IPO is not consummated within 60 days of the closing date specified by the Company in such IPO Exercise Election notice, unless otherwise elected by the Holder, any exercise of the Warrant subsequent to the giving of such notice shall be rescinded and the Warrant shall again be exercisable until later exercised or expired.
If an IPO Exercise Election is not made by the Company, the Warrant will continue to be exercisable until later expired.
In addition, the Executive shall be entitled to receive Vested Incentive Compensation, Vested Options exercisable pursuant to the Vested Option Exercise Election, Medical Continuation, and Expense Reimbursement.
In addition, the Executive shall be entitled to receive Vested Incentive Compensation, Vested Options exercisable pursuant to the Vested Option Exercise Election, Medical Continuation for the Unexpired Employment Period, and Expense Reimbursement.
Except for any rights which Employee may have to the Fixed Amount, Remaining Salary Vested Incentive Compensation, Total Vested Options (including, without limitation, by acceleration in accordance with sub-paragraph 9(a)) and the Vested Option Exercise Election, Awarded Target Bonuses, Expense Reimbursement and Medical Continuation, the Company shall have no further obligations hereunder following such termination.
Such form shall be mailed to such holders so as to permit such holders to exercise their right to make an Election prior to the Election Deadline with respect to the Target Common Stock underlying such options (to the extent an Exercise Election is made) and the Target Restricted Stock.
Such payment shall be made within 30 days following an SAR Exercise Election, and shall be subject to any applicable tax withholding obligations.