EXERCISE PRICE ADJUSTMENT definition
EXERCISE PRICE ADJUSTMENT means an amount equal to the profit or loss of the business of Seller (after payment or accrual of all Taxes and appropriate reserves) for the period from April 30, 1996 through October 31, 1996, calculated in a manner consistent with generally accepted accounting principles, as approved by Buyer in its reasonable discretion. If the Exercise Price Adjustment is a positive amount, the amount of the Exercise Price shall be increased by such amount. If the Exercise Price Adjustment is a negative amount, the amount of the Exercise Price shall be decreased by such amount.
Examples of EXERCISE PRICE ADJUSTMENT in a sentence
HNC shall adjust, in accordance with GAAP, the exercise price of each HNC Option that is outstanding immediately following the date the Retek Dividend is paid (the "EXERCISE PRICE ADJUSTMENT DATE") using the methodology used to adjust the exercise price of the outstanding options to purchase HNC Common Stock that are now held by employees of HNC with respect to the Retek Dividend.