Option Adjustment definition

Option Adjustment shall have the meaning specified in Section 8.2.
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Option Adjustment means the aggregate exercise price of all Vested Company Options that are “in-the-money” and are being cancelled in exchange for the right to a cash payment pursuant to Section 6.5(a)(i).
Sample 1
Option Adjustment means the number of Parent Shares (rounded to the nearest full number of shares) determined by (a) multiplying (1) the number of Company Options outstanding at the Effective Time by (2) the Option Exchange Ratio, (b) multiplying that result by the difference between (i) the Closing Price and (ii) the Option Exercise Price AND (c) dividing the result by the Closing Price if such calculation results in a positive number; if a negative number, the Option Adjustment will be zero.
Sample 1

Examples of Option Adjustment in a sentence

  • If the Option Adjustment Amount becomes zero, any remaining and/or additional withdrawal amounts will result in a reduction in the Face Amount.

  • If the Death Benefit Option in effect at the time of the withdrawal is Option D (Decreasing Option), the withdrawal will result in a reduction in the Option Adjustment Amount, but the Option Adjustment Amount will not be allowed to become negative.

  • Thereafter, the Option Adjustment Amount will be reduced by any Withdrawals.

  • If the Death Benefit Option then in effect is Option D (Decreasing Option), the withdrawal will result in a reduction in the Option Adjustment Amount, but the Option Adjustment Amount will not be allowed to become negative.

  • The pre-set rinse option on these cycles is a water efficient Aqua shower rinse.This rinse can be altered to providea more intensive rinse for people with sensitive skin.1 Enter the Option Adjustment mode (refer to page 28).2 Press SOFTENER to change to an AquaPlus rinse (dispensing model); or SPIN to illuminate “Med” spin to select AquaPlus rinse (non-dispensing model).3 Press POWER to save your selection.

  • The BLEACH button adjusts the cycle signal setting.1 Enter the Option Adjustment mode (refer to page 28).2 Press the BLEACH button to adjust the cycle signal setting.3 Press POWER to save your selection.

  • This will ensure that you receive the most effective wash in cold water.1 Enter Option Adjustment mode (refer above).2 Select COLD wash temperature.3 The wash cycle buttons show the temperature adjustment possible.4 When the REGULAR cycle light is on, the machine will fill with cold water only.5 Press the SHEETS cycle button and your AquaSmart™ will control the temperature to approximately 60°F (15.6°C).

  • To enter Option Adjustment mode1 Turn machine on at the wall but do not press POWER.

  • The Option D Death Benefit is the current Face Amount increased by the lesser of: (a) the Account Value on the date We receive Due Proof of Death of the Insured; or (b) the Option Adjustment Amount.

  • On the date You change Your Death Benefit from Option B (Return of Account Value) to Option D (Decreasing Option), the Option Adjustment Amount is the Account Value on the date of the change.


More Definitions of Option Adjustment

Option Adjustment has the meaning specified in Section 11.7(a).
Sample 1

Related to Option Adjustment

  • Dilution Adjustment means any fraction or number by which the Exchange Rate shall be multiplied pursuant to Section 6.1(a), (b), (c) or (d).

  • Inflation adjustment means that term as defined in the master settlement agreement.

  • Substitution Adjustment As defined in Section 2.03(d) hereof.

  • Capitalization Adjustment means any change that is made in, or other events that occur with respect to, the Common Stock subject to the Plan or subject to any Purchase Right after the date the Plan is adopted by the Board without the receipt of consideration by the Company through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than cash, large nonrecurring cash dividend, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other similar equity restructuring transaction, as that term is used in Financial Accounting Standards Board Accounting Standards Codification Topic 718 (or any successor thereto). Notwithstanding the foregoing, the conversion of any convertible securities of the Company will not be treated as a Capitalization Adjustment.

  • Substitution Adjustment Amount As defined in Section 2.03.

  • Buy In Adjustment Amount shall have the meaning specified in Section 6.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

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

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

  • Tax Adjustment has the meaning set forth in Section 4.7.

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

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

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

  • Adjustment means each form of adjustment to consideration provided for in this clause.The parties acknowledge that the consideration under this Contract is inclusive of GST, where GST is calculated using the GST rate at the time of forming this Contract.The Contractor shall provide the Recipient with a Tax Invoice and/or adjustment notes in relation to the supply prior to an amount being paid by the Recipient under this Contract, and shall do all things reasonably necessary to assist the Recipient to enable it to claim and obtain any Input Tax Credit available to it in respect of a Supply.Where the GST rate is changed after the date of formation of this Contract the consideration under this Contract will be increased or decreased so that the consideration remains inclusive of GST, with GST calculated using the new GST Rate from the date of the change of the GST Rate that applies at the date of formation of this Contract. PrivacyFor the purposes of this Clause unless the context otherwise requires:

  • Overall Share Limit means the sum of (a) 26,333,222 Shares, and (b) an annual increase on the first day of each calendar year beginning on and including January 1, 2022 and ending on and including January 1, 2031 equal to the lesser of (i) a number of Shares such that the aggregate number of Shares available for grant under the Plan immediately following such increase shall be equal to 5% of the number of Fully-Diluted Shares on the final day of the immediately preceding calendar year and (ii) such smaller number of Shares as is determined by the Board.

  • SOFR Adjustment means 0.10% (10 basis points) per annum.

  • Applicable Share Limit means a number of Shares equal to (A) the minimum number of Shares that could give rise to reporting or registration obligations or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or could result in an adverse effect on a Dealer Person, under any Applicable Restriction, as determined by Dealer in its reasonable discretion, minus (B) 1% of the number of Shares outstanding.

  • 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.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Purchase Price Per Share means $0.01 per share, as may be adjusted from time to time in accordance with Section 5 or 6.

  • Fully Adjusted Regular Purchase Share Limit means, with respect to any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction from and after the date of this Agreement, the Regular Purchase Share Limit (as defined in Section 2(a) hereof) in effect on the applicable date of determination, after giving effect to the full proportionate adjustment thereto made pursuant to Section 2(a) hereof for or in respect of such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction.

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Warrant Exercise Price means $0.04 per share.

  • No Adjustment means that the relevant date shall not be adjusted in accordance with any Business Day Convention;

  • Maximum Basic Grant Amount’ has the same meaning as set out in item 1 of Schedule 1 of HESA; ‘National Law’ means (a) for a state or territory other than Western Australia – the Health Practitioner Regulation National Law as set out in the Schedule to the Health Practitioner Regulation National Law Act 2009 (Qld) as it applies (with or without modification) as a law of the State or Territory; and (b) for Western Australia – the legislation enacted by the Health Regulation National Law (WA) Xxx 0000 that corresponds to the Health Practitioner Regulation National Law;