Black-Out definition

Black-Out means a restriction imposed by the Company on all or any of its directors, officers, employees, insiders or persons in a special relationship whereby they are to refrain from trading in the Company's securities until the restriction has been lifted by the Company.

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Black-Out means a restriction formally imposed by the Corporation, pursuant to its internal trading policies as a result of the bona fide existence of undisclosed material information, on all or any of its Participants whereby such Participants are prohibited from exercising, redeeming or settling their Options;

Black-Out means a restriction imposed by the Company on all or any of its directors, officers, Employees, Insiders or persons

Examples of Black-Out in a sentence

To the extent that an Election Notice or other such notice is sent during a Black-Out Period, or cannot be made during the period set forth in this Section 6.3(8) as a result of the existence of a Black-out Period, the Participant shall continue to participate in the Plan in respect of a Voluntary Portion on the basis of the prior election made, or, if no prior election has been made, shall be deemed to have elected not to participate in the Plan in respect of a Voluntary Portion.
Should the expiry date of any Option Term fall within a Black-Out Period or within nine (9) Business Days following the expiration of a Black-Out Period, then unless the extension would result in tax penalties, such expiry date shall be automatically extended without any further act or formality to that date which is the tenth (10th) Business Day after the end of the Black-Out Period, such tenth (10th) Business Day to be considered the expiry date for such Options for all purposes under the Plan.

More Definitions of Black-Out

Black-Out means a restriction imposed by the Issuer on all or any of its directors, officers, employees, insiders or persons in a special relationship whereby they are to refrain from trading in the Issuer’s securities until the restriction has been lifted by the Issuer.

Black-Out means a restriction imposed by the Company on all or any of its directors, officers, consultants, employees, insiders or persons in a special relationship whereby they are to refrain from trading in the Company’s securities until the restriction has been lifted by the Company. Should the Expiry Date for an Option fall within a Black-Out, or within seven (7) business days following the expiration of a Black-Out, such Expiry Date shall, subject to approval of the Regulatory Authorities, be automatically extended without any further act of formality to that date which is the tenth (10th) business day after the end of the Black-Out, such tenth (10th) business day to be considered the Expiry Date for such Option for all purposes under the Plan.

Black-Out means a restriction imposed by the Company pursuant to the Company’s internal policies on all or any of its Directors, Officers, Employees, Insiders or persons in a special relationship as a result of the bona fide existence of undisclosed Material Information whereby they are to refrain from trading in the Company's securities until the restriction has been lifted by the Company. Such restriction must expire following the general disclosure of the undisclosed Material Information.

Black-Out has the meaning specified in Section 5.2(3).

Black-Out a total or partial breakdown of the synchronously operated electrical system;

Black-Out means a restriction formally imposed by the Company on all or any Executives, Employees and Consultants as a result of the bona fide existence of undisclosed material information or the good-faith potential bona fide existence of undisclosed material information, whereby such persons are prohibited from exercising, redeeming or settling their Options.

Black-Out provisions: Three business days from the date of this Agreement.