Common use of Exercise Spread Test Clause in Contracts

Exercise Spread Test. “Exercise Spread Test” means the price of a Share at the Automatic Exercise Time (or market open on the immediately preceding trading date if the Automatic Exercise Time is not on a trading day) is greater than the Exercise Price.

Appears in 2 contracts

Sources: Equity Award Agreement (Quest Diagnostics Inc), Equity Award Agreement (Quest Diagnostics Inc)