Exercise Limit definition

Exercise Limit means an amount, as of any Exercise Date, equal to ten percent (10%) of the Company’s “free cash flow” as shown on the Company’s accumulation financial measures that form part of the Company’s financial statements as of December 31 of the preceding year. The purpose of the Exercise Limit is to ensure that the total amount payable by the Company pursuant to the exercise or settlement of all outstanding cash-settled awards and any non-Plan awards in any calendar year does not exceed the Exercise Limit. For avoidance of doubt, except as may be expressly provided under the Plan document, as amended from time to time, or an Agreement issued thereunder (or an amendment thereto), the Exercise Limit applies to all cash-settled awards and other cash-settled long-term incentive awards granted by the Company that have been, are being, or reasonably could be expected to be, exercised or settled during the calendar year.
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Exercise Limit means a limit on the exercise of Options CCP Contracts prescribed by ASX Clear under Rule 14.3.1 or by the Approved Listing Market Operator.
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Exercise Limit means an amount, as of any Exercise Date, equal to ten percent (10%) of the Company’s “free cash flow” as shown on the Company’s accumulation financial measures that form part of the Company’s financial statements as of the December 31 of the preceding year.
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Examples of Exercise Limit in a sentence

  • The Administrator may, if it so determines in the exercise of its sole discretion, provide for adjusting the Reserves, as well as the Purchase Price, Periodic Exercise Limit, and other characteristics of the Options, in the event the Company effects one or more reorganizations, recapitalizations, rights offerings or other increases or reductions of shares of its outstanding Common Stock.

  • The purpose of the Exercise Limit is to ensure that the total amount payable by the Company pursuant to the exercise or settlement of all outstanding cash-settled awards and any non-Plan awards in any calendar year does not exceed the Exercise Limit.

  • For avoidance of doubt, except as may be expressly provided under the Plan document, as amended from time to time, or an Agreement issued thereunder (or an amendment thereto), the Exercise Limit applies to all cash-settled awards and other cash-settled long-term incentive awards granted by the Company that have been, are being, or reasonably could be expected to be, exercised or settled during the calendar year.

  • The Program Administrators will also establish the Purchase Price Discount and the Periodic Exercise Limit.

  • Any Converted CSAR with respect to which the Expiration Date has occurred and is subject to automatic exercise, or for which the vesting and exercisability thereof is accelerated due to death, Disability or Early Retirement, will be deemed exercised and will be automatically settled as of the Expiration Date (as set forth in the applicable Agreement) without regard to the Exercise Limit.

  • Any Converted CSAR with respect to which the Expiration Date has occurred and is subject to automatic exercise, or for which the vesting and exercisability thereof is accelerated due to death, Disability or Early Retirement will be deemed exercised and will be automatically settled as of the Expiration Date (without regard to the Exercise Limit).

  • Subject to the limitations set forth in this Agreement and the Plan, any vested Converted CSAR under this Award may be voluntarily exercised at any time after the Conversion Date and on or before the applicable Expiration Date (without regard to the Exercise Limit) by executing and delivering to the Company, a written or electronic notice of exercise and any other documents as the Committee may reasonably request.

  • If, due to application of the Periodic Exercise Limit, there remains in a participant's Plan Account immediately following exercise of such participant's Option on an Exercise Date any cash accumulated during the Purchase Period immediately preceding such Exercise Date and not applied to the purchase of shares under the Plan, such cash shall promptly be returned to the participant.

  • A vested Converted CSAR may be voluntarily exercised at any time after the Conversion Date and on or before the Expiration Date (as set forth in the applicable Agreement) without regard to the Exercise Limit.

  • If, due to application of the Periodic Exercise Limit, there remains in a participant’s Plan Account immediately following exercise of such participant’s Option on an Exercise Date any cash accumulated during the Purchase Period immediately preceding such Exercise Date and not applied to the purchase of shares under the Plan, such cash shall promptly be returned to the participant.


More Definitions of Exercise Limit

Exercise Limit means, with respect to each initial holder of Step-Up Senior Notes, an aggregate subscription price for the Equity Subscription Rights not to exceed an amount equal to 15% of the aggregate principal amount of Step-Up Senior Notes (which includes the Capitalized Interest Amount) to be distributed to the initial holder of any Equity Subscription Rights on the Effective Date.
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Exercise Limit means an amount equal to ten percent (10%) of the Company’s “free cash flow” as shown on the Company’s accumulation financial measures that form part of the Company’s financial statements as of the December 31 of the preceding year For the avoidance of doubt, the purpose of the Exercise Limit is to ensure that the total amount payable by the Company pursuant to the exercise or settlement of all outstanding Awards (and any other long-term incentive awards granted by the Company) in any calendar year does not exceed the Exercise Limit. Therefore, although the Exercise Limit only limits the number of CSARs that can be exercised on any Exercise Date, in determining whether the Exercise Limit for any calendar year is or may be exceeded, all Awards and other long-term incentive awards granted by the Company that have been, are being, or reasonably could be expected to be, exercised or settled during the calendar year are taken into account.
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Exercise Limit means an amount equal to ten percent (10%) of the Company’s “free cash flow” as shown on the Company’s accumulation financial measures that form part of the Company’s financial statements as of December 31 of the preceding year. The purpose of the Exercise Limit is to ensure that the total amount payable by the Company pursuant to the exercise or settlement of all
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Related to Exercise Limit

  • Purchase Limit means $900,000,000, as such amount may be reduced from time to time pursuant to Section 1.1(b) or increased from time to time pursuant to Section 1.1(d). References to the unused portion of the Purchase Limit shall mean, at any time, an amount equal to (x) the Purchase Limit at such time, minus (y) the sum of the Aggregate Capital plus the LC Participation Amount.

  • Expense Limit means the percentage of a Fund’s average annual net assets (on an annualized basis) set forth below.

  • Minimum Exercise Amount means the Minimum Exercise Amount as specified in § 1 of the Product and Underlying Data.

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.

  • Dose limits means the permissible upper bounds of radiation doses established in accordance with these rules. For purposes of these rules, “limits” is an equivalent term.

  • Exercise Amount has the meaning set forth in Section 2(a).

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • Exercise Price Per Share hereinafter “Exercise Price” means the exercise price with respect to all Shares acquired pursuant to each exercise of the Option).

  • Cashless Exercise Ratio means a fraction, the numerator of which is the excess of the Current Market Value per share of Common Stock on the Exercise Date over the Exercise Price per share as of the Exercise Date and the denominator of which is the Current Market Value per share of the Common Stock on the Exercise Date.

  • Cash Exercise with respect to Warrant Shares; and/or

  • Applicable Share Limit means a number of Shares equal to (A) the minimum number of Shares that could give rise to reporting or registration obligations or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or could result in an adverse effect on a Dealer Person, under any Applicable Restriction, as determined by Dealer in its reasonable discretion, minus (B) 1% of the number of Shares outstanding.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • Initial Exercise Date shall have the meaning ascribed to such term in the Preamble.

  • New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

  • Number of Shares means a number of shares calculated as follows: Par / Geared Put Strike LPU rounded down to the nearest round lot as permitted by the Exchange for trading purposes, and the remaining fractional share amount (being the “Residual Amount”) shall be paid in USD as the Cash Residual; and

  • Warrant Exercise Price means $0.05 per share.

  • Demand Exercise Notice has the meaning set forth in Section 2.1(a).

  • Conversion Right has the meaning provided in Section 4.5(a) hereof.

  • Applicable Stock means (i) the Company’s presently authorized series of preferred stock specified in the introductory paragraph of this Warrant, (ii) after the conversion of all of the outstanding shares of such series of preferred stock into Common Stock, either automatically or by vote of the requisite holders thereof, the Company’s Common Stock, and (iii) upon any conversion, exchange, reclassification or change, any security into which the securities described in clauses (i) or (ii) of this definition may be converted, exchanged, reclassified or otherwise changed.

  • Automatic Exercise Date means, with respect to an Option or a Stock Appreciation Right, the last business day of the applicable Option Term or Stock Appreciation Right Term that was initially established by the Administrator for such Option or Stock Appreciation Right (e.g., the last business day prior to the tenth anniversary of the date of grant of such Option or Stock Appreciation Right if the Option or Stock Appreciation Right initially had a ten-year Option Term or Stock Appreciation Right Term, as applicable).

  • Maximum Number of Shares is defined in Section 2.1.4.

  • Exercise Valuation Date means the first Scheduled Trading Day of the month following the expiry of 35 calendar days after the Exercise Date. For the avoidance of doubt, the 35 calendar day period is mandatory and non-waivable by either the Issuer or the Holder.

  • Exercise Right means the Exercise Right as specified in § 3 (1) of the Special Conditions.

  • SAR Exercise Price means the per share exercise price of a SAR granted to a Grantee under Section 9 hereof.