Cashless hold Clause Samples
A cashless hold clause allows a party, typically a service provider or venue, to reserve funds on a customer's payment method without actually charging the account at the time of booking or reservation. In practice, this means that while the customer’s available balance is reduced by the hold amount, no money is transferred unless certain conditions are met, such as cancellation or damages. This mechanism ensures that funds are available to cover potential liabilities or fees, providing security to the provider while avoiding immediate charges to the customer.
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Cashless hold. Acquiring the shares represented by the options and selling a portion of the shares on the day of exercise to cover the cost of exercise, commissions, and applicable taxes, holding the remaining shares; or
Cashless hold. ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ enough shares covered by the Options you are exercising to purchase all of the shares covered by the Options being exercised and to pay applicable taxes, costs, and fees. The remaining shares are credited to your ▇▇▇▇▇▇▇ ▇▇▇▇▇ account.