Security Options Clause Samples

Security Options a. The underlying security; b. The price at which purchased or sold; c. The expiration date; d. The number of contracts; e. The exercise price; f. Whether the transaction is an opening, exercising, expiring or closing transaction; g. Whether the transaction involves a put or call; h. Whether the option is written or purchased; i. Market on which option traded; j. Name and address of the broker or dealer through whom the sale or purchase was made.
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Security Options. (a) As security for the performance of its obligations under this Agreement, the Training Provider may, subject to Clause 9.1(b), elect to provide either of the following forms of security package: (i) an unconditional and irrevocable bond in the amount of ten per cent (10%) of the sum of the Base Payment and Performance Payment payable during the Initial Term, being an amount of SAR 4,859,500.00, in accordance with Clause 9.2, together with a parent company guarantee in accordance with Clause 10; or (ii) an unconditional and irrevocable bond in the amount of twenty per cent (20%) of the sum of the Base Payment and Performance Payment payable during the Initial Term, being an amount of SAR 9,719,000.00, in accordance with Clause 9.2, with no parent company guarantee. (b) The Training Provider shall be obliged to: (i) provide the form of security set out in Clause 9.1(a)(ii) if, in the opinion of the Procurer, the financial standing of the entity providing the parent company guarantee is not acceptable to the Procurer (as evidenced by the last three (3) years of audited financial accounts); or (ii) replace the form of security set out in Clause 9.1(a)(i) with the form set out in Clause 9.1(a)(ii) if, during the course of the Initial Term, the financial standing of the entity providing the parent company guarantee is reduced to a level which is not acceptable to the Procurer (as evidenced by the last three (3) years of audited financial accounts).
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Security Options a. The underlying security; b. The price at which purchased or sold; c. The expiration date; d. The number of contracts; e. The exercise price; f. Whether the transaction is an opening, exercising, expiring or closing transaction; g. Whether the transaction involves a put or call; h. Whether the option is written or purchased; i. The name of the broker or dealer through whom the purchase was made and if applicable, the corresponding broker code; j. The name of the Fund and custody account number with respect to which the purchase or sale was made; and k. Trade Date and Settlement Date.
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Security Options. To secure payment for rents, fees, charges, and payments required hereunder, Company will comply with one (1) of the following two (2) options prior to commencing operations hereunder and maintain such security in effect during the Term of this Agreement: A. Company will post with Authority a separate surety bond to be maintained throughout the Term of this Agreement in an amount equal to the estimate of three (3) months’ fees and charges payable to Authority hereunder or five thousand dollars ($5,000.00), whichever is greater. Such bond will be issued by a surety company acceptable to Authority and authorized to do business in the State of Florida and will be in a form and content satisfactory to Authority; or B. Company will deliver to Authority a separate irrevocable letter of credit drawn in favor of Authority upon a bank that is satisfactory to Authority and that is authorized to do business in the State of Florida. Said irrevocable letter of credit will be in a form and content satisfactory to Authority and shall be in an amount equal to the estimate of three
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Security Options. (a) Upon and after the Effective Time each unexercised SECURITY Option outstanding immediately prior to the Effective Time will be assumed by RELIASTAR in a manner that will cause RELIASTAR to be a corporation "assuming a stock option in a transaction to which Section 424(a) applies" within the meaning of Section 422(a)(2) of the Code or, to the extent that Section 422 of the Code does not apply to the option, would cause RELIASTAR to be such a corporation if Section 422 of the Code were applicable to the option. The SECURITY Options assumed by RELIASTAR will be exercisable upon the same terms and conditions as under the applicable SECURITY Option Plan or the governing option agreements (taking into account, without limitation, provisions under which the exercisability of options would be accelerated on account of the transactions contemplated hereby), as the case may be, except that (i) the option shall be exercisable for that number of shares of RELIASTAR Common as would have been received pursuant to Section 1.6(b) at the Effective Time of the Merger for the shares of SECURITY Common Stock subject to the option had the option been exercisable and exercised immediately prior to the Effective Time, and any fractional share of RELIASTAR Common Stock shall be settled at the time the option is exercised by a cash payment equal to the fair market value of such fractional share, and (iii) the exercise price per share of RELIASTAR Common Stock issuable upon the exercise of the option shall be an amount equal to the option price per share of the SECURITY Common Stock in effect immediately prior to the Effective Time, divided by the Exchange Ratio, rounded upward to the nearest full cent; provided that in no event shall the Merger be deemed an event that terminates the option. (b) No later than 90 days after the Effective Time, RELIASTAR will file and use all reasonable efforts to obtain effectiveness under the 1933 Act of one or more registration statements on Form S-8, or other applicable form, in respect of shares of RELIASTAR Common Stock into which SECURITY Options that have been converted under this Section 4.9 are exercisable. RELIASTAR further agrees to use all reasonable efforts to keep such registration statement or statements effective by means of all required supplements or amendments thereto until all shares of RELIASTAR Common Stock issuable upon exercise of such SECURITY Options have been issued upon exercise thereof or such options have terminated...
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Security Options. 33 4.10 TAX MATTER.........................................................................................33
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Security Options a The underlying security; b. The price at which purchased or sold;
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Security Options. LimeLight shall have a one time option, during the first [ * ] following the Start of Service Date of this Agreement, upon [ * ] days prior written notice to Global Crossing to modify its payment Due Date (Section 3.7 hereunder) to one of the following options: OPTIONS DUE DATE REQUIRED SECURITY ------- -------- ----------------- Option 1 [ * ] Security deposit equaling [ * ] of LimeLight's prior month's Invoice total, or Option 2 [ * ] Security deposit equaling [ * ] of LimeLight's prior month's Invoice total Any written notice to Global Crossing from LimeLight requesting such modification shall be accepted at Global Crossing's sole discretion, and only with Global Crossing's written approval, which approval shall not be unreasonably withheld. Then, upon Global Crossing's receipt of the required security LimeLight's Due Date shall be adjusted appropriately via amendment format with LimeLight's new Due Date commencing in LimeLight's next full Billing Cycle following execution of the amendment by Global Crossing. Provided LimeLight maintains good payment history with Global Crossing, then, in the event LimeLight exceeds its Monthly Credit Limit, Global Crossing may, at any time, require additional security of its choice from LimeLight in an amount equal to [ * ] of LimeLight's usage above the Monthly Credit Limit as a condition to continuing to provide Service to LimeLight. Should LimeLight's payment history be less than desirable in Global Crossing's sole judgment, then Global Crossing may require additional security if LimeLight's charges for the Services are projected to exceed its Monthly Credit Limit (based on Global Crossing's measurement of LimeLight's daily usage run rate) or does exceed it Monthly Credit Limit, in an amount that equals LimeLight's prior month's Invoiced amount, as a condition to continuing to provide Service to LimeLight. Any additional security provided by LimeLight to Global Crossing in compliance with the above listed requirements shall be provided within [ * ] of LimeLight's receipt of Invoice (if the security is to be other than a letter of credit and within [ * ] if the security is to be a letter of credit). Security shall be provided in the form of either: 1) a cash deposit, or 2) an irrevocable, stand-by letter of credit (LOC) from a financial institution and in a format acceptable to Global Crossing. Cash deposits shall bear interest at the rate for telephone security deposits set by the Public Utility/Public Service Commi...
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Related to Security Options

  • ANNUITY OPTIONS The following Annuity Options are available under this Contract. Additional options may become available in the future:

  • Additional Options The NYS Contract Price for Additional Options offered under the Contract in accordance with Section III.2.7 Additional Options, shall be the Additional Options NYS Discount listed on the Contract Pricelist, or higher, applied to the MSRP on the current OEM Data Book or Contractor-Published Pricelist, as applicable. See Section III.1.2

  • Access Options You may withdraw or transfer funds from your account(s) in any manner we permit (e.g., at an automated teller machine, in person, by mail, Internet access, automatic transfer, or telephone, as applicable). We may return as unpaid any check or draft drawn on a form we do not provide, and you are responsible for any loss we incur handling such a check or draft. We have the right to review and approve any form of power of attorney and may restrict account withdrawals or transfers. We may refuse to honor a power of attorney if our refusal is conducted in accordance with applicable state law.

  • Company Options (i) Parent shall not assume any Vested Company Options in connection with the Merger or any other transactions contemplated by this Agreement. Upon the terms and subject to the conditions set forth in this Agreement, the Company shall take such action as may be necessary so that immediately prior to the Effective Time, (i) each Vested Company Option that remains outstanding as of immediately prior to the Effective Time shall be cancelled and terminated as of the Effective Time and (ii) in consideration of such cancellation and termination, each holder of each such Vested Company Option shall be paid by the Company at or promptly after the Effective Time, subject to Section 3.8(e), an amount in cash (without interest), if any, equal to the product obtained by multiplying (x) the aggregate number of shares of Company Common Stock that were issuable upon exercise of such Vested Company Option immediately prior to the Effective Time, and (y) the Offer Price, less the per share exercise price of such Vested Company Option (the “Option Consideration”) (it being understood and agreed that such exercise price shall not actually be paid to the Company by the holder of a Vested Company Option). (ii) In connection with the transactions contemplated by this Agreement, but no later than the Effective Time, each Unvested Company Option shall be assumed by Parent (each, an “Assumed Option”). Each such Assumed Option shall, except as otherwise agreed to by Parent and a holder of such Assumed Option, be subject to the same terms and conditions as applied to the related Unvested Company Option immediately prior to the Effective Time, including the vesting schedule applicable thereto, except that (i) the number of shares of Parent Common Stock subject to each Assumed Option shall be determined by multiplying the number of shares of Company Common Stock subject to such Assumed Option as of immediately prior to the Effective Time by the Incentive Award Exchange Ratio (with the resulting number rounded down to the nearest whole share), and (ii) the per share exercise price of the Parent Common Stock issuable upon the exercise of each Assumed Option shall be equal to the quotient determined by dividing the exercise price per share of Company Common Stock as of immediately prior to the Effective Time by the Incentive Award Exchange Ratio, with the resulting price per share rounded up to the nearest whole cent. It is the intention of the parties that each Assumed Option so assumed by Parent shall qualify following the Effective Time as an incentive stock option as defined in Section 422 of the Code to the extent permitted under Section 422 of the Code and to the extent such Assumed Option qualified as an incentive stock option prior to the Effective Time, and, further, that the assumption of Company Unvested Options pursuant to this Section shall be effected in a manner that satisfies the requirements of Sections 409A and 424(a) of the Code and the Treasury Regulations promulgated thereunder, and this Section 3.7 will be construed consistent with this intent. (iii) With respect to Company Options a portion of which is vested and a portion of which is unvested, this Section 3.7(e) shall be applied by treating the vested portion as a separate Vested Company Option and the unvested portion as a separate Unvested Company Option. (iv) The Company shall take all actions necessary to effect the transactions contemplated by this Section 3.7(e) under all Company Option agreements and any other plan or arrangement of the Company, including delivering all required notices and making any determinations and/or resolutions of the Company Board or a committee thereof. Parent shall take all actions reasonably necessary or appropriate to have available for issuance or transfer a sufficient number of shares of Parent Common Stock for delivery upon exercise of the Assumed RSUs and Assumed Options. Promptly after the Effective Time (but in no event later than ten (10) Business Days following the Effective Time), Parent shall prepare and file with the SEC a registration statement on Form S-8 (or other appropriate form) registering a number of shares of Parent Common Stock necessary to fulfill Parent’s obligations under Section 3.7(d) and this Section 3.7(e).

  • Exercisability Schedule No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee remains an employee of the Company or a Subsidiary on such dates: * Max. of $100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.