Nominal Cost definition
Examples of Nominal Cost in a sentence
The "Exercise Price" at which this Warrant may be exercised with respect to any particular share of Common Stock shall in the case of the issuance of Scheduled Triggering Shares be the exercise price per share paid by the holder of the Existing Scheduled Option, the exercise of which gave rise to the exercise right under Section 2 hereof, or in the case of the issue of Nominal Cost Triggering Shares, one cent ($0.01) per share.
Bidco acknowledges that the LTG Remuneration Committee intends that LTG shall settle any awards under the LTG Nominal Cost Option Plan that are exercised on or after the Court Sanction Date in cash rather than in LTG Shares.
Such Issuance Notice shall set forth, with respect to Scheduled Triggering Shares, the name of the person exercising the Existing Scheduled Option, the date of exercise, the number of shares for which the Existing Scheduled Option was exercised, and the price per share paid in connection with such exercise; and with respect to Nominal Cost Triggering Shares, the number of shares issued, the name of the recipient, and the date of issuance.