Negative Option Basis definition

Negative Option Basis means a fee arrangement whereby a Subscriber is charged alone, or in any combination, a Service Charge, a separate PPV Charge or VOD Charge, as applicable, or other charge but is entitled to a reduction or series of reductions thereto on a program-by-program basis in the event such Subscriber affirmatively notifies Licensee of such Subscriber’s determination not to receive or have available for reception such particular program.
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Negative Option Basis means a fee arrangement whereby a consumer is charged alone, or in any combination, a service charge, a separate charge or other charge but is entitled to a reduction or series of reductions thereto on a program-by-program basis or service-by-service basis, as the case may be, in the event such consumer affirmatively notifies the distributor of such consumer’s determination not to receive or have available for reception such particular program or such particular service, as the case may be.
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Examples of Negative Option Basis in a sentence

  • An Un-Tethered STE SOD Service shall be required to charge a periodic subscription fee no more frequently than monthly (and in no event shall an Un-Tethered STE SOD Service be made available on a Negative Option Basis.).

Related to Negative Option Basis

  • 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 satisfies the requirements of Code Section 422.

  • Non-Qualified Option means an Option that is not an Incentive Stock Option.

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

  • 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.

  • Series Required Transferor Amount means an amount equal to 7% of the Invested Amount.

  • Non-Qualified Share Option means an Option that is not intended to be an Incentive Share Option.

  • Non-Statutory Option means an option not intended to satisfy the requirements of Code Section 422.

  • Non-Qualified Stock Option means any Stock Option that is not an Incentive Stock Option.

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • Ending Stock Price means the average of the closing prices of the Common Stock or the shares of the Peer Group, as applicable, for the 20 trading days up to and including (if a trading day) the last day of the Performance Period.

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

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

  • Exercise Valuation Date means the first Scheduled Trading Day of the month following the expiry of 35 calendar days after the Exercise Date. For the avoidance of doubt, the 35 calendar day period is mandatory and non-waivable by either the Issuer or the Holder.

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