Immediate Sales Proceeds definition

Immediate Sales Proceeds means the assignment in form acceptable to the Company of the proceeds of a sale of some or all of the shares acquired upon the exercise of the Option pursuant to a program and/or procedure approved by the Company (including, without limitation, through an exercise complying with the provisions of Regulation T as promulgated from time to time by the Board of Governors of the Federal Reserve System). The Company reserves, at any and all times, the right, in the Company's sole and absolute discretion, to decline to approve any such program and/or procedure.
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Immediate Sales Proceeds means the assignment in form acceptable to the Company of the proceeds of a sale of the shares acquired on the exercise of the Option pursuant to a procedure approved by the Company. The Company reserves the right to decline to approve any such procedure in the Company’s sole and absolute discretion.
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Immediate Sales Proceeds means the assignment in a form acceptable to the Company of the proceeds of a sale of some or all of the shares being acquired upon the exercise of the Option (including, without limitation, through an exercise complying with the provisions of Regulation T as promulgated from time to time by the Board of Governors of the Federal Reserve System). The Company reserves, at any and all times, the right, in the Company's sole and absolute discretion, to establish, decline to approve and/or terminate any program and/or procedures for the exercise of the Option by means of Immediate Sales Proceeds.
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Examples of Immediate Sales Proceeds in a sentence

  • Except in the event the exercise price is paid by Immediate Sales Proceeds, the certificate or certificates for the shares as to which the Option is exercised shall be registered in the name of the Optionee, or, if applicable, the heirs of the Optionee.

  • As used herein, the term "Immediate Sales Proceeds" shall mean the assignment in form acceptable to the Company of the proceeds of a sale of the Shares acquired on the exercise of this option pursuant to a procedure approved by the Company.

  • Payment shall be made: (a) in cash; (b) by check; (c) by Immediate Sales Proceeds, as defined below; (d) by delivery and assignment to the Company of shares of Company stock owned by the Optionee (which shares have a fair market value, as determined by the Board, not less than the Option Price); or (e) by any combination of the foregoing.

  • Payment of the exercise price for the number of shares for which the Option is being exercised shall be made by one of the following methods: (A) in cash, by check, or cash equivalent; or (B) by Immediate Sales Proceeds, i.e., the assignment in form acceptable to the Company of the proceeds of a sale of some or all of the shares acquired upon the exercise of the Option pursuant to a program and/or procedure approved by the Company.

  • If payment of the option price is accomplished using Immediate Sales Proceeds, the certificate or certificates shall be registered in the name of a nominee which is an authorized broker for the Company’s same-day sale program.

  • Such payment shall be made (1) in cash, by check, or cash equivalent, (2) by tender of shares of the Company’s stock owned by the Optionee and having a fair market value not less than the option price, which (i) either have been owned by the Optionee for more than six (6) months or were not acquired, directly or indirectly from the Company, and (ii) have a fair market value not less than the option price, (3) Immediate Sales Proceeds, as defined below, or (4) by any combination of the foregoing.


More Definitions of Immediate Sales Proceeds

Immediate Sales Proceeds means the assignment in form acceptable to the Company of the proceeds of a sale of some or all
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