Examples of Automatic Exercise Date in a sentence
In case of an extraordinary automatic exercise the Extraordinary Automatic Exercise Date is deemed to be the respective Valuation date.
Subject to the occurrence of a Knock-out Event, the Securities shall be extraordinary automatically exercised on the tenth Banking Day ("Extraordinary Automatic Exercise Date") following the day on which the Strike has been specified for the first time as zero (0), and the Differential Amount will be paid for each Security.
The Issuer will give notice of such extraordinary automatic exercise and the respective Valuation Date on fifth Banking Day prior to the Extraordinary Automatic Exercise Date pursuant to the provisions of § 6 of the Special Conditions.
Dal Cielo (1996) 14 Cal.4th 4, 19 [while “courts ordinarily give the words of a statute the usual, everyday meaning they have in lay speech[,] .
Unless otherwise provided by the Administrator in an Award Agreement or otherwise, or as otherwise directed by the Participant in writing to the Company, each vested and exercisable Option outstanding on the Automatic Exercise Date with an Exercise Price per Share that is less than the Fair Market Value per Share as of such date shall automatically and without further action by the Participant or the Company be exercised on the Automatic Exercise Date.