Payment for Shares definition

Payment for Shares. The vested portion of this option may be exercised by the delivery of:

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Payment for Shares. The Option may be paid for by delivery to the Company of the following together with the Notice of Exercise:

Payment for Shares. The employee shall make payment to the owner upon exercising his option to purchase shares as allowed under this agreement.

Examples of Payment for Shares in a sentence

• Payment for Shares repurchased may be made by a Fund to the Distributor for the account of the shareholder.

• Payment for Shares redeemed or repurchased shall be made in cash or in property out of the assets of the Trust, or if applicable, the relevant Class or Series to the Shareholder of record at such time and in the manner, not inconsistent with the 1940 Act or other applicable laws.

• Payment for Shares shall be in the form of a check, wire transfer, Automated Clearing House transfer (“ACH”) or such other methods to which the parties shall mutually agree.

• Payment for Shares shall be in the form of a check, wire transfer, Automated Clearing House transfer or such other methods to which the parties shall mutually agree.

• Payment for Shares shall be received by the Fund’s transfer agent by the later of (a) the end of the third business day following Dealer’s receipt of the Customer’s order to purchase such Shares or (b) the end of one business day following Dealer’s receipt of the Customer’s payment for such Shares, but in no event later than the end of the sixth business day following Dealer’s receipt of the Customer’s order.

• Payment for Shares may be made in cash, or with the approval of the Option Committee (which may be withheld in its sole discretion) with Shares having a fair market value on the date of exercise equal to the exercise price, or a combination of cash and Shares.

• Payment for Shares shall be received by the Fund's transfer agent by the later of (a) the end of the third business day following Dealer's receipt of the Customer's order to purchase such Shares or (b) the end of one business day following Dealer's receipt of the Customer's payment for such Shares, but in no event later than the end of the sixth business day following Dealer's receipt of the Customer's order.

• Payment for Shares shall be made in federal funds transmitted to the Fund via the NSCC Fund/SERV DCC&S platform to be received by the Fund by 6:30 p.m. Eastern Time on the day the Fund is notified of the purchase request for Shares (unless the Fund determines and so advises the Company that sufficient proceeds are available from redemption of Shares of other Designated Portfolios effected pursuant to redemption requests tendered by the Company on behalf of the Account).

• Payment for Shares shall be made in federal funds transmitted to the Fund by wire to be received by the Fund by 6:00 p.m. Eastern Time on the day the Fund is notified of the purchase request for Shares (unless the Fund determines and so advises the Company that sufficient proceeds are available from redemption of Shares of other Portfolios effected pursuant to redemption requests tendered by the Company on behalf of an Account).

• Payment for Shares shall be made in federal funds transmitted to the Fund by wire to be received by the Fund by 1:00 P.M. Eastern Time on the day the Fund is notified of the purchase request for Shares.

More Definitions of Payment for Shares

Payment for Shares. You are hereby authorized and instructed to deliver, as set forth below, the Shareholder's portion of the Merger Consideration set forth on Schedule 2.3 of the Merger Agreement (which such Shareholder acknowledges is accurate and complete and in accordance with any and all agreements with such Shareholder and other Shareholders), less any withholding therefrom required by Applicable Law, for all shares of Company Common Stock owned by the Shareholder and formerly represented by the stock certificate(s) so surrendered and to take all necessary actions to effect such delivery; provided that any shareholder holding Restricted Shares acknowledges that a portion of the Merger Consideration:

Payment for Shares. You are hereby authorized and instructed to deliver, as set forth below, to the Merger Consideration Recipient the Closing Per Common Share Merger Consideration (as defined in the Merger Agreement) for each share evidenced by the enclosed certificate(s) formerly representing a Company Common Share and/or the Per Preferred Share Merger Consideration (as defined in the Merger Agreement) for each share evidenced by the enclosed certificate(s) formerly representing a Company Preferred Share, less any withholding 2 66 therefrom required by applicable law, for all Company Common Shares and/or Company Preferred Shares, as applicable, owned by the Merger Consideration Recipient and formerly represented by the stock certificate(s) so surrendered and to take all necessary actions to effect such delivery. Each Merger Consideration Recipient is entitled to receive amounts payable to him or her by wire transfer pursuant to the "Wire Transfer Instructions" set forth on the last page hereof. If such instructions are not provided, the Closing Per Common Share Merger Consideration and/or Per Preferred Share Merger Consideration, as applicable, shall be paid by you by issuing a cashier's check in the name of the Merger Consideration Recipient and mailing the same to the address of the Merger Consideration Recipient indicated herein. The Merger Consideration Recipient understands that if payment is to be made to a person other than the registered holder of the certificate(s) surrendered herewith, it is a condition of such payment that the certificate(s) be properly endorsed or otherwise in proper form for transfer and that the Merger Consideration Recipient must pay any transfer or other Taxes required by reason of the payment to such other person or establish to the reasonable satisfaction of Purchaser that such Taxes have been paid or are not applicable. OWNERSHIP OF SHARES; AUTHORIZATIONS: The Merger Consideration Recipient represents and warrants that the Merger Consideration Recipient: (i) is the record owner of the certificates formerly representing the Shares, (ii) is the beneficial owner of the certificates formerly representing the Shares or has full authority and capacity to deliver certificates formerly representing the Shares on behalf of the beneficial owners, and (iii) has good and marketable title to the certificates formerly representing the Shares, free and clear of any liens, encumbrances, security agreements, claims, equities, charges, restrictions, voting...