TIME AND MANNER OF EXERCISE definition

TIME AND MANNER OF EXERCISE. Optionee shall have the right to purchase from ATG the Option Shares at any time and from time to time until _________. The purchase shall be made by delivery to ATG of a notice of exercise specifying the number of shares (the "Shares") to be purchased accompanied by a check in the amount of the aggregate Exercise Price or in lieu of a cash payment Optionee may execute such cashless exercise of the Option as may then be permitted by the Securities and Exchange Commission such that the period following the exercise of such Option for purposes of determining the holding period under Rule 144 promulgated pursuant to the Securities Act of 1933, including, without limitation, to make payment therefore in shares of common stock of ATG having a fair market value on the date the notice is deemed duly given pursuant to Section 6 hereof (the "Notice Date") equal to the option price of such shares multiplied by the number of shares as to which the Option is being exercised. For purposes hereof, the fair market value of a share of common stock of ATG shall mean the average of the closing bid and asked price per share over the five trading days immediately preceding the Notice Date. Promptly upon receipt of such material, ATG shall cause the delivery to Optionee of an ATG stock certificate representing the Option Shares so purchased.
Sample 1

Examples of TIME AND MANNER OF EXERCISE in a sentence

  • TIME AND MANNER OF EXERCISE OF OPTION Each option may be exercised in whole or in part at any time and from time to time, subject to stockholder approval of the Plan; provided, however, that no fewer than 100 Shares (or the remaining Shares then purchasable under the option, if less than 100 Shares) may be purchased upon any exercise of option rights hereunder and that only whole Shares will be issued pursuant to the exercise of any option.

  • TIME AND MANNER OF EXERCISE OF OPTION (a) Options granted under the Plan shall, subject to the provisions of Section 7, be immediately exercisable in full; provided, however, that no option granted under the Plan may be exercised prior to approval of the Plan by the holders of Boston Beer's issued and outstanding Class B Common Stock, as required by Section 13.

  • TIME AND MANNER OF EXERCISE OF OPTIONS -------------------------------------- Each option granted under the Plan shall, subject to Section 8 and Section 10 hereof, be exercisable at such time or times and during such period as is determined by the Board of Directors and set forth in the Agreement; provided, however, that no option granted under the Plan shall have a term in excess of ten (10) years from the date of grant.

Related to TIME AND MANNER OF EXERCISE

  • Initial Warrant Exercise Date means __________, 1997.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Option Exercise Period has the meaning set forth in Section 6.4.

  • New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

  • Warrant Exercise Price means $0.01 per share.

  • Option Exercise Date has the meaning specified in Section 2.1.

  • Date of Exercise means the date on which the Company shall have received (i) this Warrant (or any New Warrant, as applicable), with the Form of Election to Purchase attached hereto (or attached to such New Warrant) appropriately completed and duly signed, and (ii) payment of the Exercise Price for the number of Warrant Shares so indicated by the holder hereof to be purchased.

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Option Exercise Notice has the meaning in Article 3.5.

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • Exercise Date means the last Trading Day of each Purchase Period.

  • Exercise Agreement has the meaning set forth in Section 3(a)(i).

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date.

  • Exercise Period means the period commencing on the Issuance Date and ending on 5:00 p.m. eastern standard time on the five-year anniversary thereof.

  • SAR Price means the exercise price or conversion price of each share of Common Stock covered by a SAR, determined on the Date of Grant of the SAR.

  • Aggregate Option Exercise Price means an amount equal to the aggregate dollar amount of the exercise price on all Company Options outstanding immediately prior to the Effective Time.

  • Exercise Notice has the meaning set forth in Section 3.2(a);

  • Notice of Exercise means a notice in writing addressed to the Company at its address first recited, which notice shall specify therein the number of Optioned Shares in respect of which the Option is being exercised;

  • Grant Price means the price established at the time of grant of a SAR pursuant to Article 7, used to determine whether there is any payment due upon exercise of the SAR.

  • Initial Exercise Date shall have the meaning ascribed to such term in the Preamble.

  • SAR means a stock appreciation right granted under the Plan.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Exercise Price Per Share ; hereinafter "Exercise Price" means the exercise price with respect to all Shares acquired pursuant to each exercise of the Option).