Exercise procedure definition

Exercise procedure. A Beneficiary wishing to exercise the Options vested, according to the Exercise Dates and the limits set forth in subsections 2.1 and 2.2 above, shall notify Terra twenty (20) business days prior to the Exercise Date pursuant to Article Five below, as to the number of Options the Beneficiary proposes to exercise. Exercised Options shall be paid out in cash differences and the Beneficiary shall be given Stock or a cash amount according to the settlement procedure provided in subsection 2.4 below; the option between one form of payment or the other shall rest exclusively with TERRA. For these purposes, the Beneficiary shall specify in the notice the securities account in which he wishes the Stock to be deposited, where applicable, as well as the bank account to which he wishes the cash amount to be transferred and, where applicable, the cash balance resulting from the pay-out in Stock.
Sample 1

Examples of Exercise procedure in a sentence

  • Exercise procedure: Positions in the underlying swap will be established viabook entry by the Clearing House.

  • Exercise procedure: In accordance with the Company’s issuance and exercise rules, the entitlement certification of stock options exercised is registered as common stock four times a year.The compensation cost of the stock options issued before December 31, 2007, was computed by intrinsic value method.

  • The Committee, in its sole discretion, may provide in an Award Agreement or otherwise (subject to such terms, conditions, provisions and restrictions set forth therein) that: (a) payment of all or any part of the aggregate Exercise Price of a Stock Option may be made by tendering (actually or by attestation) Shares already owned by the Participant; or (b) the Stock Option may be exercised through a Net Exercise procedure.

  • Automatic Exercise - Options and Options on Futures To safeguard Clearing Members from possible errors, CDCC has instituted an Automatic Exercise procedure for expiring Series of Options.

  • Whether the exercise of the options by the Foundation pursuant to the Net Exercise procedure will constitute an act of self-dealing between the Foundation and a disqualified person under section 4941 of the Code.

  • The Automatic Exercise procedure is provided as a convenience and as a protection against inadvertent expiration of an Option.

  • Within two (2) Trading Days following an exercise of this Warrant as aforesaid (the “Price Delivery Date”), the Holder shall deliver payment to the Warrant Agent or the Company of an amount equal to the aggregate Exercise Price of the Warrant Shares thereby purchased by wire transfer or cashier’s check drawn on a United States bank or, if available, pursuant to the Cashless Exercise procedure specified in Section 2(c) below.

  • The exercise of the options by the Foundation pursuant to the Net Exercise procedure will not constitute an act of self-dealing between the Foundation and a disqualified person under section 4941 of the Code.

  • Option Style: European Exercise Method: Automatic Exercise procedure: Manual exercise or abandon is not permitted.

  • If, on the date on which an SAR would otherwise terminate or expire, the SAR by its terms remains exercisable immediately prior to such termination or expiration and, if so exercised, would result in a payment to the holder of such SAR, then any portion of such SAR which has not previously been exercised shall automatically be deemed to be exercised as of such date with respect to such portion pursuant to a Net Exercise procedure and withholding of Shares as described in Section 17.2.

Related to Exercise procedure

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • Option Exercise Period has the meaning set forth in Section 5.3(c).

  • Warrant Exercise Price means $0.04 per share.

  • Exercise Price Per Share hereinafter “Exercise Price” means the exercise price with respect to all Shares acquired pursuant to each exercise of the Option).

  • Exercise Period means the period commencing on the Issuance Date and ending on 5:00 p.m. eastern standard time on the five-year anniversary thereof.

  • Option Exercise Date has the meaning specified in Section 2.1.

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.

  • Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.

  • Aggregate Option Exercise Price means an amount equal to the aggregate dollar amount of the exercise price on all Company Options outstanding immediately prior to the Effective Time.

  • Initial Warrant Exercise Date means __________, 1997.

  • Option Exchange Program means a program whereby outstanding Options are surrendered in exchange for Options with a lower exercise price.

  • New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

  • Cashless Exercise means a Cashless Exercise as defined in Section 6.3(b)(i).

  • Initial Exercise Date shall have the meaning ascribed to such term in the Preamble.

  • Net Exercise means a Net Exercise as defined in Section 6.3(b)(iii).

  • Replacement Option has the meaning set forth in Section 3.06.

  • Option Exercise Notice has the meaning set forth in Section 2.4(c).

  • Expedited Deliverability Study means a deliverability study that an eligible Developer may elect to pursue as that term is defined in OATT Section 25 (OATT Attachment S) that may determine the extent to which an existing or proposed facility satisfies the NYISO Deliverability Interconnection Standard at its requested CRIS level without the need for System Deliverability Upgrades. The schedule and scope of the study is defined in Sections 25.5.9.2.1 and 25.7.1.2 of this Attachment S.

  • Grant Price means the price established at the time of grant of a SAR pursuant to Article 7, used to determine whether there is any payment due upon exercise of the SAR.

  • Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.

  • SAR Exercise Price means the per share exercise price of a SAR granted to a Grantee under Section 9 hereof.

  • Exercise Event shall have the meaning ascribed to such term in Section 2(c).