Exercise Periods definition
Examples of Exercise Periods in a sentence
All rights of the Optionee in the Option to the extent not exercised shall terminate at the expiration of the Exercise Period(s) herein defined or, if sooner, 18 months after the stockholders of the Company shall have approved an agreement to merge or consolidate with or into another corporation (and the Company is not the survivor of such merger or consolidation) or an agreement to sell or otherwise dispose of all or substantially all of the Company's assets (including a plan of liquidation).
Upon each partial exercise hereof, a new Warrant evidencing the remainder of the Shares will be issued to the Holder, at the Company's expense, as soon as reasonably practicable, at the same Exercise Price, for the same Exercise Period(s), and otherwise on the same terms and conditions as the Warrant partially exercised.
The Company shall promptly notify the Warrant Agent of the effectiveness of such Registration Statement, any suspension of effectiveness and of any such extension of the Exercise Periods.
Additionally, in the event of termination without Cause, or non-renewal of this Agreement at the end of the Employment Term, any outstanding but unexercised stock options or warrants granted to Employee shall continue to be fully exercisable through their stated respective Exercise Period(s).
Upon each partial exercise hereof, a new Warrant evidencing the remainder of the Shares will be issued to the Holder, at the Company's expense, as soon as reasonably practicable, at the same Exercise Price, for the same Exercise Periods, and otherwise on the same terms and conditions as the Warrant partially exercised.
The Exercise Periods run for 30 days and begin on each Contract Anniversary after the Waiting Period ends.
Further, in the event that the outstanding balance of the Loans is repaid in full during an Exercise Period, then each Tranche with respect to all subsequent Exercise Periods shall represent zero Warrant Shares.
If a Participant dies during the Exercise Period, any Options held by the Participant at death shall be exercisable by the Participant's estate or beneficiaries during the applicable Exercise Periods.
The Control Option will not terminate solely because of the expiration of the Exercise Periods described in clauses (ii) and (v) of Section 3.1, or in the case of a Section 3.1(a)(vi) Exercise, upon the termination of the ▇▇▇▇▇/Comcast Agreement and the failure of the Closing hereunder to occur.
If a Participant separates from employment with Northwest Airlines during the Exercise Period, any Options held by the Participant at the time of such separation of employment shall continue to be exercisable during the applicable Exercise Periods.