Exercise Limit. If an Option is an American style option, the maximum aggregate number of shares of the Option Security as to which such Option and any similar (i.e., put or call) Option then outstanding may be exercised by the holder on any Business Day is the number of shares, if any, specified in the related Confirmation as the "Exercise Limit".
Appears in 2 contracts
Sources: Otc Issuer Stock Option Master Agreement (Lam Research Corp), Otc Issuer Stock Option Master Agreement (Broadband Technologies Inc /De/)
Exercise Limit. If an Option is an American style option, the maximum aggregate number of shares of the Option Security Securitry as to which such Option and any similar (i.e., put or call) Option then outstanding may be exercised by the holder on any Business Day is the number of shares, if any, specified in In the related Confirmation as the "Exercise Limit".
Appears in 1 contract
Sources: Otc Issuer Stock Option Master Agreement (Premisys Communications Inc)