Settlement Upon Exercise Clause Samples
Settlement Upon Exercise. (i) Exercise Consideration. Subject to Section 5(c)(ii), Section 5(g) and Section 7(b), the consideration due upon settlement of the Exercise of each Warrant will consist of a number of shares of Common Stock equal to the number of Underlying Shares of such Warrant that are being so Exercised.
Settlement Upon Exercise. (i) Exercise Consideration. Subject to Section 5(f)(ii), Section 5(j) and Section 8(b), the consideration due upon settlement of the Exercise of each Warrant will consist of a number of shares of Common Stock equal to the greater of (x) zero; and (y) an amount equal to: where: N = the number of Underlying Shares of such Warrant that are being so Exercised; VP = the Valuation Price per share of Common Stock for such Exercise; and SP = the Strike Price in effect immediately after the Close of Business on such Exercise Date.
Settlement Upon Exercise. Upon exercise of the SAR, or any portion thereof, the Company shall issue to the Grantee a number of Shares (rounded down to the nearest whole share) having a Fair Market Value (determined as of the date on which the SAR is exercised) equal to the product of (a) the number of Shares with respect to which the SAR is exercised, and (b) the excess, if any, of (i) the Fair Market Value per Share upon the date of such exercise over (ii) the base value per share.
Settlement Upon Exercise