Purchasable definition

Purchasable shall refer to Stock which may be purchased by an ----------- Optionee under the terms of this Plan on or after a certain date specified in the applicable Stock Option Agreement.
View Source
Purchasable refers to Stock which may be purchased by a Grantee under the terms of this Plan on or after a certain date specified in the applicable Award Agreement.
View Source
Purchasable. 18 (1) "Stock" 18 (m) "Stock Option Agreement" 18 (n) "Subsidiary" 18 ARTICLE II THE PLAN 18 Section 2.1 Name 18 Section 2.2 Purpose 18 Section 2.3 Effective Date 18 Section 2.4 Termination Date 18 ARTICLE III PARTICIPANTS 18 ARTICLE IV ADMINISTRATION 19 Section 4.1 General; Grant of Options 19 Section 4.2 Interpretation; Rules 19 Section 4.3 No Liability 19 ARTICLE V SHARES OF STOCK SUBJECT TO PLAN 19 Section 5.1 Limitations 19 Section 5.2 Adjustments 20
View Source

Examples of Purchasable in a sentence

  • Following a Termination, the Company shall have the right, as provided in subparagraph (b) hereof, to purchase from the Purchaser or his personal representative, as the case may be, at the purchase price per share originally paid as set forth in paragraph 1 hereof ("Option Price") that portion of the Purchasable Shares which remains unvested as of the date of the Termination (the "Unvested Shares").

  • At such closing, the Grantor shall deliver to the purchaser(s) the certificates or instruments evidencing the Purchasable Shares being purchased, duly endorsed (or accompanied by duly executed stock powers) and otherwise in good form for delivery, against payment of the purchase price by check of the purchaser(s).

  • Such notice shall state the number of Purchasable Shares to be purchased and the determination of the Board of Directors of the Fair Market Value per share of such Purchasable Shares.

  • The purchase price for the Purchasable Shares shall be paid in cash or by wire transfer of immediately available funds.

  • Such notice shall state the number of Purchasable Shares to be purchased by the Company and the determination of the purchase price of such Purchasable Shares.

  • In the event that, notwithstanding the foregoing, the Grantor shall have failed to obtain the release of any pledge or other encumbrance on any Purchasable Shares by the scheduled closing date, at the option of the purchaser(s) the closing shall nevertheless occur on such scheduled closing date, with the cash purchase price being reduced to the extent of, and paid to the holder of, all unpaid indebtedness for which such Purchasable Shares are then pledged or encumbered.

  • The Optionee must exercise the Option for at least the lesser of 100 shares or the number of shares of Purchasable Stock as to which the Option remains unexercised.

  • If the Optionee's employment terminated prior to his or her death, this Option may be exercised only to the extent of the number of shares covered by this Option which were Purchasable hereunder at the date of such termination.

  • In the event that, notwithstanding the foregoing, the Grantor shall have failed to obtain the release of any pledge or other encumbrance on any Purchasable Shares by the scheduled closing date, at the option of the purchasers the closing shall nevertheless occur on such scheduled closing date, with the cash purchase price being reduced to the extent of all unpaid indebtedness for which such Purchasable Shares are then pledged or encumbered.

  • If the Optionee was an employee of the Company at the time of death, this Option may be so exercised to the extent of the number of shares that were Purchasable hereunder at the date of death.