Surrender Price definition

Surrender Price shall be equal to $3.5 million (i) plus, if applicable, Grantee's purchase price with respect to any Option Shares and (ii) minus, if applicable, the excess of (A) the net price, if any, received by Grantee or a Grantee Subsidiary pursuant to the sale of Option Shares (or any other securities into which such Option Shares were converted or exchanged) to any unaffiliated party, over (B) Grantee's purchase price of such Option Shares.

Surrender Price shall be equal to U.S. $100 million (i) plus, if applicable, Grantee's purchase price with respect to any Option Shares, (ii) minus, if applicable, the excess of (A) the net price, if any, received by Grantee or a Grantee Subsidiary pursuant to the sale of Option Shares (or any other securities into which such Option Shares were converted or exchanged) to any unaffiliated party, over (B) Grantee's purchase price of such Option Shares and (iii) minus, if applicable, the amount paid by Issuer to Grantee pursuant to Section 8.03(a) of the Merger Agreement.

Surrender Price means the value of a Common Share at the time of exercise of a SAR.

Examples of Surrender Price in a sentence

• With respect to all Surrender Offers that are accepted by the Trust pursuant to Section 7 hereof, the Trust agrees to elect under subsection 110(1.1) of the Income Tax Act (Canada) so as to permit the Optionee to claim a deduction under paragraph 110(1)(d) of the said Act with respect to the Surrender Price.

• Units issued upon the exercise of an Option granted hereunder will be validly issued and allotted as fully paid and non- assessable upon (i) receipt by the Trust of the Exercise Price therefor, (ii) receipt by the Optionee of the Surrender Price therefor, or (iii) the delivery of such Units pursuant to a Cashless Exercise Right, as applicable, in accordance with the terms of the Option, and the issuance of Units thereunder will not require a resolution or approval of the Board of Trustees.

• Notwithstanding anything else contained herein, an Optionee may elect to surrender, in whole or in part, his or her rights under any Option by written notice given to the Corporation stating that such Optionee wishes to surrender his or her Option in exchange for a payment by the Corporation of a cash amount per Option equal to the difference (if positive) between the Surrender Price (as calculated on the date of surrender) and the exercise price of the Option.

• With respect to all Surrender Offers that are accepted by the Corporation pursuant to Section 7 hereof, the Corporation agrees to elect under subsection 110(1.1) of the Income Tax Act (Canada) so as to permit the Optionee to claim a deduction under paragraph 110(1)(d) of the said Act with respect to the Surrender Price.

• Employees also must notify the City within five (5) days of any conviction for a drug and/or alcohol violation occurring in the workplace or during work hours.

More Definitions of Surrender Price

Surrender Price in U.S. dollars, means, at any date in respect of the Shares, the highest price of a Share on the Toronto Stock Exchange in Canadian dollars, converted to U.S. dollars based on the Bank of Canada noon rate on such date, or if the Shares are not listed on the Toronto Stock Exchange, then the highest price of a Share on the New York Stock Exchange on such date, or if the Shares are not listed on any stock exchange, then on the over-the-counter market on that date.

Surrender Price shall be equal to $100 million (i) plus, if applicable, Grantee's purchase price with respect to any Option Shares and (ii) minus, if applicable, the excess of (A) the net price, if any, received by Grantee or a Grantee Subsidiary pursuant to the sale of Option Shares (or any other securities into which such Option Shares were converted or exchanged) to any unaffiliated party, over (B) Grantee's purchase price of such Option Shares.

Surrender Price has the meaning ascribed thereto in the Company Share Option Plan.

Surrender Price means an amount equal to $9 million (i) plus, if applicable, Grantee's purchase price with respect to any Option Shares and (ii) minus, if applicable, the excess of (A) the net cash amounts, if any, received by Grantee pursuant to the arms' length sale of Option Shares (or any other securities into which such Option Shares were converted or exchanged) to any unaffiliated party, over (B) Grantee's purchase price of such Option Shares.

Surrender Price shall be equal to (x) $22,500,000 plus, if applicable, (y) Holder's purchase price with respect to any Option Shares, and minus, if applicable, (z) the excess of (1) the net price, if any, received by Holder or a Holder Subsidiary pursuant to the sale of Option Shares (or any other securities into which such Option Shares were converted or exchanged) to any unaffiliated party, over (2) Holder's purchase price of such Option Shares.

Surrender Price means the closing price of the Common Shares on the Exchange on the date the Options are surrendered to the Corporation in accordance with Section 10 or Section 11 hereof, as applicable, provided that if the Common Shares are not then listed and posted for trading on an Exchange, then the Surrender Price shall be determined by the Board in its sole discretion acting reasonably and in good faith; and

Surrender Price shall be equal to $1,600,000 (i) plus, if applicable, Grantee's purchase price with respect to any Option Shares and (ii) minus, if applicable, the sum of (A) the excess of (1) the net cash amounts, if any, received by Grantee pursuant to the arms' length sale of Option Shares (or any other securities into which such Option Shares were converted or exchanged) to any unaffiliated party, over (2) Grantee's purchase price of such Option Shares and (B) the net cash amounts, if any, received by Grantee pursuant to an arms' length sale of a portion of the Option to any unaffiliated party.