Examples of Relevant Option in a sentence
If an Option is granted over Excess Shares, such Option shall only take effect to the extent that the aggregate market value of all the Relevant Option Shares (as calculated above) does not cause the above limit to be exceeded.
The Relevant Option may be exercised by DK Bullion at any time within 36 months from Completion or such other period as may be agreed by Dai Keng and DK Bullion (the "Relevant Option Period").
As such, any Relevant Options that remain outstanding as of the Final Effective Date will mature on the Maturity Date specified in the applicable Notice of Grant, and the Expiration Date (as defined in the Relevant Option Terms) for any matured option will be five years from the Final Effective Date, but in no event later than the ten-year anniversary of the grant date.
Options and Reasons for Recommending Relevant Option 4.1 The presentation of the report is in accordance with a statutory requirement, therefore no other options have been considered.
During the Relevant Option Period, Dai Keng and DK Bullion will agree on a joint physical stock-take exercise to determine the mark-to-market valuation of each item of the Relevant Inventory to be so acquired by DK Bullion, and the purchase price payable by DK Bullion to Dai Keng for all or part only of the Relevant Inventory.
As of March 31, 2023, the authorized number of shares and shares available for issuance under the 2021 ESPP is 1,103,624.Repricing of Outstanding and Unexercised OptionsOn March 24, 2023 and in accordance with the terms of the 2019 Plan, the board of directors approved a stock option repricing (the “Repricing”) where the exercise price of each Relevant Option (as defined below) was reduced to $2.21 per share, the closing stock price on the date of approval by the board of directors.
Dai Keng will not, during the Relevant Option Period, subject any Relevant Inventory to any lease, mortgage, pledge, lien, charge, encumbrance security, interest or restriction.
KCB will procure that Dai Keng grants DK Bullion an option (the "Relevant Option") to require Dai Keng to sell to DK Bullion any or all of the items of inventory, whether raw materials, work-in-progress or finished goods that Dai Keng owns in connection with the Relevant Business Assets (the “Relevant Inventory”).
DEG ARPOA Upon DEG’s delivery of a Put Notice to MJC, JS and EK(“collectively “Shareholders”), who undertake the obligations in the DEG ARPOA on a joint and several basis, DEG shall have the right to sell and transfer to the Shareholders part or all of the Option Shares at any time during the Put Period (as defined therein) and the Shareholders shall buy from DEG the Relevant Option Shares (as defined therein) by paying the relevant Purchase Price in Dollars on the Settlement Date (as defined therein).
I hereby agree that, in consideration of you paying me the Option Price for each Relevant Option, I will: 1 For the avoidance of doubt, the exercise price refers to the Exercise Price (as defined in the rules of the Company Scheme).