Examples of Market Option in a sentence
On exercise of all or any portion of this Market Option, Vector shall, within ten days of the receipt of certificates representing the Option Shares and other items required by subparagraph (b), advise its Transfer Agent and Registrar of the required transfer of the number of Option Shares specified and the names in which such shares are to be registered pursuant to the exercise of this Market Option.
If Vector shall declare a dividend payable in cash on its Common Shares and shall at substantially the same time offer to its shareholders a right to purchase new Common Shares from the proceeds of such dividend or for an amount substantially equal to the dividend, all Common Shares so issued shall, for the purpose of this Market Option, be deemed to have been issued as a share dividend.
Subject to the terms contained in this Market Option, this Market Option may be assigned by Tradelink in whole or in part by execution by Tradelink of the form of assignment attached to this Agreement.
If the rights represented hereby shall not be exercised during the Option Exercise Period, this Market Option shall become and be void without further force or effect, and all rights represented hereby shall cease and expire.
Tradelink or its assigns will pay all taxes in respect of the issue or transfer of this Market Option or the Option Shares issuable upon exercise of this Market Option.
During the Option Exercise Period, Tradelink or its assigns may exercise this Market Option upon written notice to V'Power specifying the number of Option Shares to be purchased and the Option Exercise Price (the "Option Notice).
In the event of the exercise of this Market Option in part only, Tradelink shall have the right at any time and from time to time to exercise this Market Option on one or more additional occasions until Tradelink shall have purchased the number of Option Shares purchasable under this Market Option as to which this Market Option has not been exercised.
This Market Option shall be governed by, and construed in accordance with, the laws of the State of Florida, which is intended to be different than the other aspects of this Agreement except to the extent the other terms and conditions of this Agreement are construed as part of this Market Option.
Effective as of the end of the period described in Clause (a), (b) or (c), above, a Participant will be deemed to have designated the Money Market Option as the successor Crediting Rate Alternative for any amounts in the Participant’s Account that otherwise remained allocated to the Company Stock Fund.
If a Participant fails to select a Crediting Option for deferrals or accruals made after the Effective Date he shall be deemed to have elected the Money Market Option.