Stock Acquisition Right definition
Examples of Stock Acquisition Right in a sentence
Class and Number of Shares to be Issued or Transferred upon Exercise of Stock Acquisition Rights The class of shares to be issued or transferred upon exercise of the Stock Acquisition Rights shall be shares of common stock, and the number of shares to be issued or transferred upon exercise of each Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be 100 shares.
The Company may, in its sole discretion, allow the Holder to transfer such One Yen Stock Acquisition Right as a gift to one or more family members.
Each One Yen Stock Acquisition Right shall in any event expire on the Expiration Date set forth in Exhibit C.
By the Holder’s acceptance of the One Yen Stock Acquisition Right, the Holder consents to the electronic delivery of this Agreement and any applicable documents including account statements, U.S. financial reports of the Company, and all other documents that the Company is required to deliver to its security holders (including, without limitation, annual reports and proxy statements) or other communications or information related to the One Yen Stock Acquisition Right.
In the event that the Company splits or consolidates its common shares, the number of shares to be acquired per Stock Acquisition Right that has not been exercised shall be adjusted in accordance with the following formula.
Holder agrees that if the IRS determines that the One Yen Stock Acquisition Right was granted with a per share of Common Stock exercise price that was less than the Fair Market Value of a share of Common Stock on the date of grant or covers other than service recipient stock, Holder shall be solely responsible for Holder’s costs related to such a determination.
Holder acknowledges that the Company cannot and has not guaranteed that the IRS will agree that the per share of Common Stock exercise price of this One Yen Stock Acquisition Right equals or exceeds the Fair Market Value of a share of Common Stock on the date of grant or that the shares of Common Stock covered by this One Yen Stock Acquisition Right will be classified as service recipient stock in a later examination.
Notwithstanding any provisions in this Agreement, the One Yen Stock Acquisition Right grant shall be subject to any special terms and conditions set forth in the Exhibit F for the Holder’s country.
All issued and outstanding share capital of the Innovex Subsidiaries has been duly authorized and validly issued and is fully paid and non-assessable, and none was issued in violation of any Stock Acquisition Right for securities of any Innovex Subsidiary.
The number of shares underlying one Stock Acquisition Right (hereinafter referred to as the “Number of Granted Shares”) shall be one common share of the Company.