New Exercise Price definition
Examples of New Exercise Price in a sentence
For the avoidance of doubt, if the New Exercise Price is greater than the Applicable Price, there shall be no adjustment to the Exercise Price.
Alternatively, if you tender multiple Eligible Options associated with multiple grants that have various exercise prices, you will receive the total number of Replacement Options due pursuant to the exchange ratios as set forth above for each exercise price of the Eligible Options, in the form of one set of Replacement Options at the New Exercise Price.
Swire Properties, as a normal business activity, will lobby Government Entities either directly or through trade associations to promote policies that encourage business and achieve workable legislation.
Notwithstanding anything herein to the contrary, upon each Issuance of Additional Stock or deemed issuance of shares at a price per share less than the applicable Exercise Price then in effect (the "New Exercise Price"), the Exercise Price will be automatically reduced to the New Exercise Price.
However, if the New Exercise Price would be above the exercise price of your Eligible Option tendered in the Exchange Offer, we will not accept your tendered awards and they will not be exchanged.
We expect to amend the Eligible Options or Eligible SARs accepted for amendment to incorporate the New Exercise Price and the Revised Vesting Schedule effective on the Amendment Date.
Our obligation under the Repricing Offer to accept tendered Eligible Options and Eligible SARs for amendment and to amend such awards to apply the New Exercise Price and the Revised Vesting Schedule, would be subject to obtaining any such governmental approval.
For purposes of clarification, whether or not the Company provides a Dilutive Issuance Notice pursuant to this Section 3(b), upon the occurrence of any Dilutive Issuance, the Holder is entitled to receive a reduction in the Exercise Price that will equal the New Exercise Price regardless of whether the Holder accurately refers to the New Exercise Price in the Notice of Exercise.
Notwithstanding any adjustment to the Exercise Price caused by the New Exercise Price, the number of Warrant Shares shall remain at 125,000 shares and shall not be adjusted.
The Exercise Price set forth in the first sentence of the first paragraph of the Warrant is hereby amended as of the date hereof to be the New Exercise Price (as defined on the signature page hereto) per share of Common Stock.