Examples of Minimum Exercise Price in a sentence
If any options are granted within 90 days of a public distribution of Shares by prospectus, then the minimum exercise price shall be the greater of the Minimum Exercise Price and the price per Share paid by the investors for Shares acquired under the public distribution.
However, if any event requiring adjustment of the Minimum Exercise Price subsequently occurs and the Company adjusts the Minimum Exercise Price, the Company will use the Minimum Exercise Price before adjustment less such difference in the Minimum Exercise Price Adjustment Formula instead of the Minimum Exercise Price before adjustment.
The Minimum Exercise Price after adjustment will become applicable on and after the day following the payment date or the last day of the payment period, or if the Company grants to its shareholders rights to be allotted shares of common stock of the Company in the offering, the day following the record date to determine shareholders to be granted such rights (if a record date is not determined, the payment date).
If there is a Share Split of shares of common stock of the Company The Minimum Exercise Price after adjustment will become applicable on and after the day following the record date to determine shareholders to acquire shares as a result of such Share Split (if a record date is not determined, the effective date).
If the difference between the Minimum Exercise Price after adjustment, which is calculated by the Minimum Exercise Price Adjustment Formula, and the Minimum Exercise Price before adjustment is less than one yen, the Minimum Exercise Price will not be adjusted.