Five Stock definition

Five Stock or "Pre-Five Options"), (i) the Purchaser is still in the employ of the Company and (ii) the Purchaser either dies or becomes permanently disabled, then the Purchaser or the Purchaser's Estate, as the case may be, shall have the right, for six months following the date of death or permanent disability, to (A) sell to the Company, and the Company shall be required to purchase, on one occasion, all or any portion of the shares of Pre-Five Stock then held by the Purchaser or the Purchaser's Estate, as the case may be, at the Section 5 Repurchase Price, as determined in accordance with Section 7, and (B) require the Company to pay, on the same occasion, to the Purchaser or the Purchaser's Estate, as the case may be, an additional amount equal to the Option Excess Price determined on the basis of the Section 5 Repurchase Price as provided in Section 8 with respect to the termination of outstanding Pre-Five Options held by the Purchaser. The Purchaser or the Purchaser's Estate, as the case may be, shall send written notice to the Company of its intention to sell shares of Pre-Five Stock and to terminate such Pre-Five Options in exchange for the payment referred to in the preceding sentence (the "Redemption Notice"). The completion of the purchase shall take place at the principal office of the Company on the tenth business day after the giving of the Redemption Notice. The Section 5 Repurchase Price and any payment with respect to the Pre-Five Options as described above shall be paid by delivery to the Purchaser or the Purchaser's Estate, as the case may be, of a certified bank check or checks in the appropriate amount payable to the order of the Purchaser or the Purchaser's Estate, as the case may be, against delivery of certificates or other instruments representing the Pre-Five Stock so purchased and appropriate documents canceling the Pre-Five Options so terminated, each appropriately endorsed or executed by the Purchaser or the Purchaser's Estate, or his or her or its duly authorized representative. For purposes of this Agreement, Purchaser shall be deemed to have a "permanent disability" if the Purchaser is unable to engage in the activities required by Purchaser's position by reason of any medically-determined physical or mental impairment which can be expected to result in death or which has lasted or can reasonably be expected to last for a continuous period of not less than 12 months.
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Five Stock or "Pre-Five Options"), (i) the Purchaser is still in the employ of the Company and
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Examples of Five Stock in a sentence

  • Five Stock Option Plans were accordingly granted on 5 July 2004 (SOP 2004), 4 July 2005 (SOP 2005), 3 July 2006 (SOP 2006), 4 July 2007 (SOP 2007) and 8 July 2008 (SOP2008) respectively.

  • Section Five: Stock Control LevelsIntroductionThe level of stock held will depend upon a number of variables which will each have cost implications.

  • Self, “Returns Dynamics and Global Integration of Outreach Five Stock Markets,” Academy of Economics and Finance Conference, 2012 (Charleston, SC).

  • Five Stock Option Plans were accordingly granted on 7 July 2009 (SOP 2009), 6 July 2010 (SOP 2010), 4 July 2011(SOP 2011), 5 July 2012 (SOP 2012) and 8 July 2013 (SOP 2013).

  • This Security is one of a duly authorized series of Securities of the Company designated as Limited Principal Protection RAPIDS(SM) (Return Accelerated PortfolIo Debt Securities) Due June 3, 2007 Linked to a Basket of Five Stock Indices (herein called the "Securities").

  • A., (2012) “Returns Dynamics and Global Integration of Outreach Five Stock Markets,” Academy of Economics and Finance Conference, (Charleston, SC).

  • Five Stock Option Plans were accordingly granted on 5 July 2004 (SOP 2004), 4 July 2005 (SOP 2005), 3 July 2006 (SOP 2006), 4 July 2007 (SOP 2007) and 8 July 2008 (SOP 2008)respectively.

  • Martz Group Senior Vice President of Operations (724) 758-5584 ESBF Announces Six for Five Stock Split --------------------------------------- Ellwood City, Pennsylvania.

Related to Five Stock

  • Executive Stock will continue to be Executive Stock in the hands of any holder other than Executive (except for the Company and the Investors and except for transferees in a Public Sale), and except as otherwise provided herein, each such other holder of Executive Stock will succeed to all rights and obligations attributable to Executive as a holder of Executive Stock hereunder. Executive Stock will also include shares of the Company's capital stock issued with respect to Executive Stock by way of a stock split, stock dividend or other recapitalization.

  • Cooperative Stock With respect to a Cooperative Loan, the single outstanding class of stock, partnership interest or other ownership instrument in the related Cooperative.

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

  • Incentive Stock Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • Cooperative Stock Certificate With respect to a Cooperative Loan, the stock certificate or other instrument evidencing the related Cooperative Stock.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Exchangeable Stock means any Capital Stock of a corporation that is exchangeable or convertible into another security (other than Capital Stock of such corporation that is neither Exchangeable Stock or Redeemable Stock).

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • ISO means an employee incentive stock option described in Section 422(b) of the Code.

  • Alternative Stock Exchange means at any time, in the case of the Ordinary Shares, if they are not at that time listed and traded on the ASX, the principal stock exchange or securities market on which the Ordinary Shares are then listed or quoted or dealt in;

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • Non-Statutory Stock Option means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section 6 of the Plan that does not qualify as an Incentive Stock Option.

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • Publicly Traded Securities means shares of common stock that are listed or quoted on any of The New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or any of their respective successors) or will be so listed or quoted when issued or exchanged in connection with a Fundamental Change described in clause (b) of the definition thereof.

  • Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.

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

  • 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.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Optioned Shares means the shares of Common Stock that are issued pursuant to the exercise of the Options;

  • Company Stock Option Plan means each share option plan, share award plan, share appreciation right plan, phantom share plan, share option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any share, option, warrant or other right to purchase or acquire shares of the Company or right to payment based on the value of Company shares has been granted or otherwise issued.

  • S corporation means a person that has made an election under subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code for its taxable year.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.