Negative Option definition

Negative Option means a category of commercial transactions in which a seller markets an offer for a trial period and the seller then interprets a customer’s failure to take an affirmative action, either to reject an offer or
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Negative Option means, in an offer or agreement to sell or provide
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Negative Option means, in an offer or agreement to sell or provide 14 any good or service, a provision under which the consumer’s silence or failure to 15 take an affirmative action to reject a good or service or to cancel the agreement is 16 interpreted by the seller or provider as acceptance or continuing acceptance of the 17 offer or agreement.
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Examples of Negative Option in a sentence

  • The Commission promulgated the Negative Option Rule on February 15,1973, 38 FR 4896 (1973), under section 5 of the Federal Trade Commission Act (‘‘FTC Act’’), 15 U.S.C. 45.1 The Rulebecame effective on June 7, 1974.

  • Obtaining Billing Information from a consumer for any transaction 10 involving a good or service that includes a Negative Option Feature, without first 11 disclosing Clearly and Conspicuously, and immediately adjacent to where a consumer 12 provides Billing Information: 13 1.

  • BedoyaToday the Commission has voted out a proposal for a much-needed update to the FTC’s nearly 50-year-old Negative Option Rule.

  • Ifyou prefer to file your comment onconspicuously; and (b) establishing procedures for the administration of such ‘‘negative option’’ plans.On August 4, 2011, the Commission sought comment on the information collection requirements associated with the Negative Option Rule.

  • For all written offers (including over the Internet or other web-based 2 applications or services), obtain consent through a check box, signature, or other 3 substantially similar method, which the consumer must affirmatively select or sign to 4 accept the Negative Option Feature, and no other portion of the offer.

  • State AGs, PDMI, and TINA.occur in the marketplace but are not covered by the current Negative Option Rule.

  • To ensure integrity management, the human resources department and the legal affairs center of our company are responsible for the formulation of integrity management policies and prevention plans, mainly in charge of the following matters: 1.

  • After reviewing the comments received in response and issuing an ‘‘Enforcement Policy Statement Regarding Negative Option Marketing’’ on November 4, 2021 (86 FR 60822), the Commission, as detailed in this document, now proposes to amend the existing Rule to implement new requirements to provide important information to consumers, obtain consumers’ express informed consent, and ensure consumers can easily cancel these programs when they choose.

  • WilsonToday the Commission announces a notice of proposed rulemaking (NPRM) suggesting modifications to the Commission’s Rule Concerning the Use of Prenotification Negative Option Plans (Negative Option Rule or Rule).

  • The proposed text is as follows:425.3 MisrepresentationsIn connection with promoting or offering for sale any good or service with a negativeeasy to cancel their products and option feature, it is a violation of this Ruleservices as it is to register for them.We invite members of the public to weigh in on these proposed amendments to the Negative Option Rule.


More Definitions of Negative Option

Negative Option means an attempt to charge for, or increase
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Negative Option is a marketing plan that means “we will keep sending you our product until you tell us to
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Negative Option means a category of commercial transactions in which a seller markets an offer for a trial period and the seller then interprets a customer’s failure to take an affirmative action, either to reject an offer or cancel an agreement, as assent or continuing assent to be charged for goods or services.
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Related to Negative Option

  • Negative option feature means, in an offer or agreement to sell or provide any goods or services, a provision under which the customer’s silence or failure to take an affirmative action to reject goods or services or to cancel the agreement is interpreted by the seller as acceptance of the offer.

  • 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.

  • 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.

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

  • Ten Percent Owner Optionee means an Optionee who, at the time an Option is granted to the Optionee, owns stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of a Participating Company within the meaning of Section 422(b)(6) 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.

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

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

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

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

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

  • NSO means a stock option not described in sections 422 or 423 of the Code.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Ten Percent Stockholder means a person who Owns (or is deemed to Own pursuant to Section 424(d) of the Code) stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any Affiliate.

  • Optioned Stock means the Common Stock subject to an Option.

  • Ten Percent Shareholder means a person who owns (or is deemed to own pursuant to Section 424(d) of the Code) stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or of any of its Affiliates.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • SAR means a stock appreciation right granted under the Plan.

  • NQSO means any Option that is not an ISO.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • 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.

  • 10-Percent Shareholder means an individual who owns more than 10% of the total combined voting power of all classes of outstanding stock of the Company, its Parent or any of its Subsidiaries. In determining stock ownership, the attribution rules of Section 424(d) of the Code shall be applied.

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

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

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Ten Percent Holder means a person who owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary.