Term for Exercise Sample Clauses

Term for Exercise. This Option may be exercised after the effective date hereof, in the following installments:
Term for Exercise. The Option becomes available for exercise, subject to the provisions of this Agreement, as to the percentage of the aggregate number of shares of Common Stock subject to the Option and on the dates set forth below:
Term for Exercise. (a) The Option shall become exercisable, subject to the provisions of this Section 2 and Sections 3 and 4 hereof, in installments of __________ Common Shares on the first anniversary of the date of grant of the Option, _____________ Common Shares on the second anniversary and _____________ Common Shares on the third anniversary. Unless an earlier expiration date is specified by this Agreement (or, if applicable, in Supplement A), the Option and the Rights shall expire at 5:00 P.M., Arizona Mountain time (such time shall hereinafter be referred to as the "End of Business"), on the day after the tenth anniversary of the date on which the Option was granted (the "Termination Date").
Term for Exercise. The Stock Appreciation Rights shall be exercisable and the right to such exercise become non-forfeitable at a rate of 25% of the Common Shares covered thereby on each [one year] anniversary of the date of grant, subject to the provisions hereof, and shall remain exercisable over the remaining term of the Stock Appreciation Rights. Unless an earlier expiration date is specified by this Agreement, the right to exercise shall expire on the seventh (7) anniversary of the date of grant of these Stock Appreciation Rights. Notwithstanding the foregoing, upon the occurrence of a change in control (as defined in the Plan) any unexercised portion of the Stock Appreciation Right shall promptly be canceled in exchange for either (i) payment in cash of an amount equal to the excess of the change in control price over the exercise price for such rights, or (ii) an Alternative Award as defined in Paragraph 10(b) of the Plan.
Term for Exercise. ENDESA may exercise the share option, on one or several occasions, pursuant to its own criteria, at any time from the date of subscription and payment of the Shares by BSCH up to the fifth year, counted from such date, by means of written notification sent to BSCH with at least 30 working days prior notice before the date on which ENDESA plans to exercise the option. The notification must state the number of shares, the exact date on which ENDESA wishes to carry out the transfer, which must be carried out within a term of 30 working days at the latest after the date the notification is received. At the end of the fifth year, counted from the date of subscription and payment of the Shares without ENDESA having exercised its call option, it shall be deemed that ENDESA has waived its right to exercise the call option, thereby duly releasing BSCH from all its obligations. Within the term of five working days counted from the time of reception of the notification from ENDESA, referred to in the previous paragraph, BSCH shall inform ENDESA of the price corresponding to the number of shares that it intends to transfer, by virtue of applying that stipulated in clause 2.1.4 below.
Term for Exercise. The Reload Option shall become exercisable, subject to the provisions of Sections 3 and 4 hereof, on ______________, which is the date six months after the grant date specified in Section 1 hereof. Unless an earlier expiration date is specified by this Agreement, the Reload Option shall expire at 5:00 P.M., Arizona Mountain time (such time shall hereinafter be referred to as the "End of Business"), on ________________, which is the expiration date of the Original Option (the "Termination Date").
Term for Exercise. On October 19, 1998, the Option shall become exercisable, subject to the provision hereof, and shall remain exercisable over the remaining term of the Option. The Option may be exercised from time to time, in whole or in part, up to the number of shares with respect to which it is then exercisable. Except as an earlier expiration date is specified by this Agreement, the Option shall expire at 4:00 P.M., Long Beach, California time, on the tenth anniversary of the date of grant of this Option. Notwithstanding the foregoing, upon the occurrence of a Change in Control (as defined in the Plan), the Option shall become immediately and fully exercisable as to all shares to which the Option relates and shall remain exercisable until expiration or termination of the option.
Term for Exercise. BSCH shall be entitled to sell all the Shares that it still owns to ENDESA, by means of written notification sent to the latter with at least 15 working days prior notice before the date on which the sale is planned to be carried out, from the fifth year counted from the date of subscription and payment of the Shares until thirty working days after the five years have elapsed, both dates inclusive, unless any of the causes for early exercise of the put option arise, as stated in section 2.2.5 below. In the event that BSCH has not exercised the put option once such term has elapsed, ENDESA shall be duly released from any obligations. The notification must state the exact date on which BSCH wishes to carry out the transfer, which shall be within 15 working days at the latest after the date on which ENDESA receives the notification from BSCH. If ENDESA should be in arrears due to default in payment of any amount derived from the Price for Exercise, it shall be bound to pay BSCH delayed payment interest at the rate resulting from adding half a point (0.5) to the interest rate that would be applicable, pursuant to that agreed above. Such rate shall be applicable on the unpaid amounts, the interest shall be accrued by calendar days and shall be capitalized on a weekly basis until the date of reimbursement of the interest to BSCH, pursuant to that stipulated in article 317 of the Commercial Code.
Term for Exercise. The Option shall become available for exercise beginning on the earlier of:

Related to Term for Exercise

  • Procedure for Exercise The Option herein granted may be exercised by written notice by Optionee to the Secretary of the Company setting forth the number of shares of Common Stock with respect to which the Option is to be exercised, and specifying such further information regarding delivery of such shares as the Secretary of the Company may reasonably request. Payment shall be by means of cash, or a cashier's check or bank draft, payable to the order of the Company, by a commitment from a brokerage firm acceptable to the Secretary of the Company to pay the aggregate Exercise Price from proceeds of a sale of shares issuable on exercise of the Option, or at the option of the Optionee, in Common Stock theretofore owned by such Optionee for at least six months (or a combination of cash and Common Stock). As promptly as practicable after exercise of this Option, the Company shall issue to Optionee the number of shares of Common Stock with respect to which such Option has been so exercised.

  • Procedures for Exercise The manner of exercising the Stock Option shall be by written notice to the Secretary of the Company at the time the Stock Option, or part thereof, is to be exercised, and in any event prior to the expiration of the Stock Option. Such notice shall state the election to exercise the Stock Option, the number of shares of Stock to be purchased upon exercise, the form of payment to be used, and shall be signed by the person so exercising the Stock Option.

  • Procedure for Exercise of Warrant Holder may exercise this Warrant by delivering the following to the principal office of the Company in accordance with Section 5.1 hereof: (i) a duly executed Notice of Exercise in substantially the form attached as Schedule A, (ii) payment of the Warrant Price then in effect for each of the Shares being purchased, as designated in the Notice of Exercise, and (iii) this Warrant. Payment of the Warrant Price may be in cash, certified or official bank check payable to the order of the Company, or wire transfer of funds to the Company’s account (or any combination of any of the foregoing) in the amount of the Warrant Price for each share being purchased.

  • Steps for Exercise of Equity Interest Purchase Option Subject to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased from Party B (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests and/or the date for transfer of the Optioned Interests.

  • Standards for Exercising Remedies To the extent that applicable law imposes duties on Secured Party to exercise remedies in a commercially reasonable manner, Grantor acknowledges and agrees that it is not commercially unreasonable for Secured Party (a) to incur expenses deemed necessary by Secured Party to prepare Collateral for disposition or otherwise to complete raw material or work-in-process into finished goods or other finished products for disposition, (b) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or third party consents for the collection or disposition of Collateral to be collected or disposed of, (c) to fail to exercise collection remedies against Account Grantors or other Persons obligated on Collateral or to remove liens or encumbrances on or any adverse claims against Collateral, (d) to exercise collection remedies against Account Grantors and other Persons obligated on Collateral directly or through the use of collection agencies and other collection specialists, (e) to advertise dispositions of Collateral through publications or media of general circulation, whether or not the Collateral is of a specialized nature, (f) to contact other Persons, whether or not in the same business as Grantor, for expressions of interest in acquiring all or any portion of the Collateral, (g) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the collateral is of a specialized nature, (h) to dispose of Collateral by utilizing internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets, (i) to dispose of assets in wholesale rather than retail markets, (j) to disclaim disposition warranties, including any warranties of title, (k) to purchase insurance or credit enhancements to insure Secured Party against risks of loss, collection or disposition of Collateral or to provide to Secured Party a guaranteed return from the collection or disposition of Collateral, or (l) to the extent deemed appropriate by Secured Party, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist Secured Party in the collection or disposition of any of the Collateral. Grantor acknowledges that the purpose of this section is to provide non-exhaustive indications of what actions or omissions by Secured Party would not be commercially unreasonable in Secured Party's exercise of remedies against the Collateral and that other actions or omissions by Secured Party shall not be deemed commercially unreasonable solely on account of not being indicated in this Section. Without limitation upon the foregoing, nothing contained in this Section shall be construed to grant any rights to Grantor or to impose any duties on Secured Party that would not have been granted or imposed by this Security Agreement or by applicable law in the absence of this Section.

  • Standards for Exercising Rights and Remedies To the extent that applicable law imposes duties on Secured Party to exercise remedies in a commercially reasonable manner, Debtor acknowledges and agrees that it is not commercially unreasonable for Secured Party (a) to fail to incur expenses reasonably deemed significant by Secured Party to prepare Collateral for disposition, (b) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or third party consents for the collection or disposition of Collateral to be collected or disposed of, (c) to fail to exercise collection remedies against account debtors or other persons obligated on Collateral or to fail to remove liens or encumbrances on or any adverse claims against Collateral, (d) to exercise collection remedies against account debtors and other persons obligated on Collateral directly or through the use of collection agencies and other collection specialists, (e) to advertise dispositions of Collateral through publications or media of general circulation, whether or not the Collateral is of a specialized nature, (f) to contact other persons, whether or not in the same business as Debtor, for expressions of interest in acquiring all or any portion of the Collateral, (g) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the Collateral is of a specialized nature, (h) to dispose of Collateral by utilizing Internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets, (i) to dispose of assets in wholesale rather than retail markets, (j) to disclaim disposition warranties, (k) to purchase insurance or credit enhancements to insure Secured Party against risks of loss, collection or disposition of Collateral or to provide to Secured Party a guaranteed return from the collection or disposition of Collateral, or (l) to the extent deemed appropriate by Secured Party, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist Secured Party in the collection or disposition of any of the Collateral. Debtor acknowledges that the purpose of this Section is to provide non-exhaustive indications of what actions or omissions by Secured Party would fulfill Secured Party’s duties under the UCC in Secured Party’s exercise of remedies against the Collateral and that other actions or omissions by Secured Party shall not be deemed to fail to fulfill such duties solely on account of not being indicated in this Section. Without limitation upon the foregoing, nothing contained in this Section shall be construed to grant any rights to Debtor or to impose any duties on Secured Party that would not have been granted or imposed by this Agreement or by applicable law in the absence of this Section.

  • Method of Exercise Holder may at any time and from time to time exercise this Warrant, in whole or in part, by delivering to the Company the original of this Warrant together with a duly executed Notice of Exercise in substantially the form attached hereto as Appendix 1 and, unless Holder is exercising this Warrant pursuant to a cashless exercise set forth in Section 1.2, a check, wire transfer of same-day funds (to an account designated by the Company), or other form of payment acceptable to the Company for the aggregate Warrant Price for the Shares being purchased.

  • Period of Exercise This Warrant is exercisable at any time or from time to time on or after the date on which this Warrant is issued and delivered pursuant to the terms of the Securities Purchase Agreement and before 6:00 p.m., New York, New York time on the fifth (5th) anniversary of the date of issuance (the "Exercise Period").

  • Method of Exercising Option Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached hereto. Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the Option. Payment of the purchase price for such Shares shall be made in accordance with Paragraph 9 of the Plan. The Company shall deliver such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or “blue sky” laws). The Shares as to which the Option shall have been so exercised shall be registered in the Company’s share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the Company’s share register in the name of the Participant and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 hereof, by any person other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.

  • Method of Exercise of Option Subject to the foregoing, the Option may be exercised in whole or in part from time to time by serving written notice of exercise on the Company at its principal office within the Option period. The notice shall state the number of Shares as to which the Option is being exercised and shall be accompanied by payment of the exercise price. Payment of the exercise price shall be made (i) in cash (including bank check, personal check or money order payable to the Company), (ii) with the approval of the Company (which may be given in its sole discretion), by delivering to the Company for cancellation shares of the Company’s Common Stock already owned by Optionee having a Fair Market Value equal to the full exercise price of the Shares being acquired, (iii) with the approval of the Company (which may be given in its sole discretion) and subject to Section 402 of the Sarbanes-Oxley Act of 2002, by delivering to the Company the full exercise price of the Shares being acquired in a combination of cash and Optionee’s full recourse liability promissory note with a principal amount not to exceed eighty percent (80%) of the exercise price and a term not to exceed five (5) years, which promissory note shall provide for interest on the unpaid balance thereof which at all times is not less than the minimum rate required to avoid the imputation of income, original issue discount or a below-market rate loan pursuant to Sections 483, 1274 or 7872 of the Code or any successor provisions thereto, (iv) subject to Section 402 of the Sarbanes-Oxley Act of 2002, to the extent this Option is exercised for vested shares, through a special sale and remittance procedure pursuant to which Optionee shall concurrently provide irrevocable instructions (1) to Optionee’s brokerage firm to effect the immediate sale of the purchased Shares and remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate exercise price payable for the purchased Shares plus all applicable income and employment taxes required to be withheld by the Company by reason of such exercise and (2) to the Company to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale, or (v) with the approval of the Company (which may be given in its sole discretion) and subject to Section 402 of the Sarbanes-Oxley Act of 2002, by delivering to the Company a combination of any of the forms of payment described above. This Option may be exercised only with respect to full shares and no fractional share of stock shall be issued.