Examples of Section 16 Participant in a sentence
Any Options or SARs held by a Section 16 Participant which vest by reason of the provisions of this Section or by reason of death or Total and Permanent Disability shall remain outstanding until the earlier of its exercise or its original term.
Any Award held by an individual who is a Section 16 Participant at either or both of (a) the grant date of such Award or (b) the effective date of the Change in Control, shall vest upon the effective date of such Change in Control.
Notwithstanding the foregoing, if you are a Section 16 Participant, your withholding obligations shall be satisfied as described in clause (iii) above, unless the Committee approves another form of payment for such Tax-Related Items.
Section 16(b) of the Exchange Act provides that if a Section 16 Participant makes any purchase and sale, or sale and purchase, of shares for his AFG Common Stock Fund, GAFRI Common Stock Fund and/or his GAFRI and/or AFG Retirement Fund within a six month period, all profit resulting from the transactions must be turned over to GAFRI.
Any Options or SARs held by a Section 16 Participant which Vest by reason of the provisions of this Section or by reason of death or Total and Permanent Disability shall remain outstanding until the earlier of its exercise or its original term.