SEC Rule 16b-3 definition

SEC Rule 16b-3 means Rule 16b-3 of the Securities and Exchange Commission promulgated under the Exchange Act, as such rule or any successor rule may be in effect from time to time.
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SEC Rule 16b-3 means Rule 16b-3 of the Securities and Exchange Commission promulgated under the Exchange Act, as such rule or any successor rule may be in effect with respect to Section 16 Persons from time to time. SECTION 16 PERSON
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SEC Rule 16b-3 means Rule 16b-3 of the Securities and Exchange Commission promulgated under the Exchange Act.
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Examples of SEC Rule 16b-3 in a sentence

  • The Grantee of the Award shall make such arrangements as may reasonably be required by the Corporation, including transferring a sufficient number of shares of the Corporation’s stock, to satisfy the income and employment tax withholding requirements that accrue upon the Award becoming vested or, if applicable, settled in shares of the Corporation’s common stock (by approving this Agreement, the Committee hereby approves the transfer of such shares to the Corporation for purposes of SEC Rule 16b-3).

  • The withheld or delivered shares shall be valued at the Fair Market Value on the applicable determination date for such Taxes or such other date required by the applicable safe-harbor provisions of SEC Rule 16b-3.

  • With respect to persons subject to Section 16 of the Exchange Act, transactions under the Plan are intended to comply with all applicable conditions of SEC Rule 16b-3.

  • The Committee shall be selected by the Board, and shall consist of not less than two members of the Board, or such greater number as may be required for compliance with SEC Rule 16b-3.

  • The Committee shall be appointed by the Board of Directors and shall be comprised solely of two or more “non-employee directors” within the meaning of SEC Rule 16b-3.

  • In addition, all members shall be directors and shall meet the definitional requirements for "non-employee director" (with any exceptions therein permitted) contained in the then current SEC Rule 16b-3 or any successor provision.

  • Transactions under the Plan by or with respect to Section 16 Persons are also intended to qualify for exemption under SEC Rule 16b-3, unless the Committee specifically determines otherwise.

  • Notwithstanding the foregoing, in the case of a Reporting Person (as defined in the Plan), no election to use shares for the payment of withholding taxes shall be effective unless made in compliance with any applicable requirements of SEC Rule 16b-3 (unless it is intended that the transaction not qualify for exemption under Rule 16b-3).

  • Except as otherwise permitted under Code section 424 and SEC Rule 16b-3, neither the amount of any payroll deductions made with respect to a Participant’s compensation nor any Participant’s rights to purchase shares of Stock under the Plan may be pledged or hypothecated, nor may they be assigned or transferred other than by will and the laws of descent and distribution.

  • So long as the Company is subject to Section 16(b) of the Exchange Act, the Company will comply with the requirements of SEC Rule 16b-3 promulgated thereunder (or its successor), as amended, with respect to shareholder approval.

Related to SEC Rule 16b-3

  • Rule 16b-3 means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised with respect to the Plan.

  • SEC Rule 145 means Rule 145 promulgated by the SEC under the Securities Act.

  • 16 Independent Director"..................................................................... 16 "Insurance Proceeds"....................................................................... 16 "Intercreditor Collateral Account"......................................................... 16 "Interest Payment Date".................................................................... 16 "Investment"............................................................................... 16 "judgment currency"........................................................................ 16 "Lenders".................................................................................. 16 "Lien"..................................................................................... 16 "Loan Documents"........................................................................... 17 "Material Adverse Effect".................................................................. 17 "Maturity"................................................................................. 17 "MEIP"..................................................................................... 17 "Moody's".................................................................................. 17 "Mortgage"................................................................................. 17 "Mortgaged Property"....................................................................... 17 "Net Award"................................................................................ 17 "Net Income"............................................................................... 18 "Net Proceeds"............................................................................. 18 "New Common Stock"......................................................................... 18 "New Debt"................................................................................. 18 "New Other Secured Notes".................................................................. 18 "New Other Secured Notes And Claims"....................................................... 18 "New Tranche A Term Notes"................................................................. 18 "Obligor".................................................................................. 18 "Obligor Subsidiary"....................................................................... 18 "Officers' Certificate".................................................................... 18 "

  • SEC Rule means Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934.

  • Section 162(m means Section 162(m) of the Code.

  • 1934 Exchange Act means the Securities Exchange Act of 1934 of the United States, as amended, and the rules and regulations thereunder as now in effect or as the same may from time to time be amended, re-enacted or replaced;

  • Commodity Exchange Act means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.

  • Exchange Act means the Securities Exchange Act of 1934, as amended.

  • U.S. Exchange Act means the United States Securities Exchange Act of 1934, as amended;

  • Rule 15c2-12 means Rule 15c2-12 under the Securities Exchange Act of 1934, as amended through the date of this Undertaking, including any official interpretations thereof.

  • SEC Rule 144 means Rule 144 promulgated by the SEC under the Securities Act.

  • Securities Exchange Act of 1934 means the United States Securities Exchange Act of 1934, as from time to time amended.

  • Rule 164 “Rule 172”, “Rule 405”, “Rule 415”, “Rule 424”, “Rule 430B” and “Rule 433” refer to such rules under the Act.

  • Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C) of the Code.

  • Rule 173 “Rule 405”, “Rule 415”, “Rule 424”, “Rule 430B” and “Rule 433” refer to such rules under the Act.

  • 1934 Act means the Securities Exchange Act of 1934, as amended.

  • Securities Exchange Act means the Securities Exchange Act of 1934, as amended.

  • Section 162(m) of the Code means the exception for performance-based compensation under Section 162(m) of the Code and any applicable treasury regulations thereunder.

  • Section 16(b means Section 16(b) of the Exchange Act.

  • Section 16 Persons means those officers, directors or other persons who are subject to Section 16 of the Exchange Act.

  • Rule 17f-7 means Rule 17f-7 promulgated under the 1940 Act.

  • Outside Directors means members of the Board who are not officers of the Company or any of its Subsidiaries and who are not Acquiring Persons or representatives, nominees, Affiliates or Associates of Acquiring Persons.

  • Rule 145 means Rule 145 as promulgated by the Commission under the Securities Act, as such Rule may be amended from time to time, or any similar successor rule that may be promulgated by the Commission.

  • Rule 159A “Rule 405” and “Rule 415” mean, in each case, such rule promulgated under the Securities Act (or any successor provision), as the same shall be amended from time to time.

  • Rule 497 refers to Rule 497(c) or 497(h) under the Act, as applicable.

  • Exchange Act Regulations means the General Rules and Regulations under the Exchange Act.