Examples of Exercise Commencement Date in a sentence
Procedure for Exercise: [Commencement Date:] [ ]6 [e.g., [Each/the] date that is 15 Exercise Business Days preceding [a/the] Cash Settlement Payment Date] Commented [JM53]: Default changes from ‘Premium Payment Date’ to the ‘Effective Date’.Commented [JM54]: Reference changed from ‘days’ to ‘Exercise Business Days’.
Each Option may be exercised at any time after the Option Exercise Commencement Date set out in the table below and on or prior to the Option Expiry Date set out in the table below.
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For purpose of illustration, assuming that KCPM decides to exercise the Put Option within 12 months from the Option Exercise Commencement Date, the Malton Group is expected to register a gain on disposal of RM11.9 million (after tax) or an increase in earnings per share by RM0.03 per share.
From the day on which one year has elapsed from the Exercise Commencement Date, the other one-half can be exercised, so all of the Number of Stock Acquisition Rights Allotted shall be the maximum number that can be exercised.