Exercisable definition

Exercisable shall be deemed to include the terms "call" or "callable" as such terms may apply to a stock appreciation right, and in the event of the call of a stock appreciation right the underlying Option will be deemed to have been exercised for all purposes under the Plan. Payment of a stock appreciation right shall be made as soon as reasonably practicable following receipt by the Corporation of the notice described in Paragraph 8. Payment of the stock appreciation right shall be made in such form as may be permitted pursuant to the rules and regulations adopted from time to time by the Committee, as in effect on the date the stock appreciation right is called.

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Exercisable shall be deemed to include the terms "call" or "callable" as such terms may apply to a stock appreciation right granted in conjunction with the Option and in the event of the call of the stock appreciation right the underlying Option will be deemed to have been exercised for all purposes under the Plan. If the Option is not designated in Section 6 of the addendum to this Agreement as being granted with a stock appreciation right, the Option shall nevertheless automati- cally include a stock appreciation right that may be called in the event of a Change in Control, only during the periods described in Subparagraphs (a), (b), (c) or (d) of Para- graph 3 In the case of any stock appreciation right that is called during either of the thirty (30) day periods described in Paragraph 3(a) or 3(d), for purposes of measuring the value of the stock appreciation right, "Fair Market Value" shall be the greater of (a) the value of the consideration per share that the Employee would have received in connection with such transaction as a stockholder of the Corporation if he or she had exercised the Option prior to the consummation of the transaction described in Paragraph 3(a) or Paragraph 3(d) or (b) the value determined in good faith by the Committee (as composed on the day preceding the date of consummation of the transaction described in Paragraph 3(a) or 3(d)), taking into consideration all relevant facts and circumstances. Payment of a stock appreciation right shall be made as soon as reasonably practicable following receipt by the Corporation of the form described in Paragraph 8. Pay- ment of the stock appreciation right shall be made in such form as may be permitted pursuant to the Rules as in effect on the date the stock appreciation right is called.

Exercisable means, with respect to any options or warrants to purchase Common Stock or any security convertible into or exchangeable for Common Stock, that at the time of determination, such options or warrants may be exercised for Common Stock or any security convertible into or exchangeable for Common Stock.

Examples of Exercisable in a sentence

• Multiple Exercise: Applicable, as described under Exercisable Options above.

• The stock option granted pursuant to this Agreement is exercisable in installments in accordance with the following schedule, in which time periods are calculated from the date of this Agreement: Installments Exercisable After ------------ ----------------- 25% February 5, 2000 25% February 5, 2001 25% February 5, 2002 25% February 5, 2003 Such installments shall be cumulative, but each exercise must encompass at least one installment or one thousand shares, whichever is less.

• If the Optionee does not exercise any portion of the Exercisable Portion of the Option within the Post-Termination Exercise Period, such portion shall terminate and shall be of no further force and effect following the close of business on the last day of the Post-Termination Exercise Period.

• For any Exercisable Option, the third Business Day immediately following the final Valid Day of the Settlement Averaging Period for such Exercisable Option.

• The parties expressly agree that the only portion of the Claimant's Former Option that may be exercised is the Exercisable Portion of the Option, and that any excess portion is forever and completely terminated, canceled and rescinded.

• Claimant agrees to indemnify and hold harmless the Company for any claim asserted by or through Claimant under Claimant's Former Option, other than the Exercisable Portion of the Option.

• Net Share Settlement Net Share Settlement: Dealer will deliver to Counterparty, on the relevant Settlement Date, a number of Shares equal to the Net Shares in respect of any Exercisable Option exercised or deemed exercised hereunder.

• Net Share Settlement Net Share Settlement: JPMorgan will deliver to Counterparty, on the relevant Settlement Date, a number of Shares equal to the Net Shares in respect of any Exercisable Option exercised or deemed exercised hereunder.

• The Company hereby agrees to use its best efforts to cause the registration under the Securities Act of 1933, as amended, on Form S-8 or other appropriate form (the "Registration Statement"), the Common Stock underlying the Exercisable Portion of the Option ("Claimant's Underlying Stock") as soon as possible after the date hereof.

• Full payment (in U.S. Dollars) by the Optionee of the Exercise Price for the Exercisable Shares purchased shall be made on or before the exercise date specified in the notice of exercise in cash, or, with the prior written consent of the Board, in whole or in part through the surrender of previously acquired shares of Common Stock (valued at their fair market value on the exercise date).

More Definitions of Exercisable

Exercisable. (with respect to an option) means vested, or held for a sufficient period of continuous employment such that the option has become eligible to be exercised with respect to some or all of the stock subject to the option as specified in the vesting schedule.

Exercisable will have a meaning correlative to the foregoing.

Exercisable means that the vested portion of an Option may be exercised and shares of Common Stock may be purchased thereby pursuant to Sections I and II of the Option Agreement; per the Option Agreement vested Options may not be exercisable.

Exercisable or “Exercisability” means, at any given time, the extent to which the Participant may Exercise the Option to purchase Option Shares.

Exercisable means in relation to an Option, the Participant being unconditionally entitled to Exercise such Option pursuant to the Rules and Unexercisable shall be construed accordingly;