Valuable Option definition

Valuable Option means an Option which appears, at the relevant time, that it can be exercised and the underlying securities resold with a resultant profit after paying the commissions and other expenses attendant upon the exercise and resale.
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Valuable Option means an in the money Option which appears at the relevant time that it can be exercised and underlying securities resold with a profit after paying commissions and other expenses in connection with the exercise and resale . You will be open during local business hours but may execute orders at any time when the applicable exchange is open for trading, whether or not CIBC Investor Services Inc is then open for other customer business.
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Examples of Valuable Option in a sentence

  • Where InvestDirect elects to exercise a Valuable Option it may concurrently arrange for the sale of the underlying securities to be received on exercise of the Option and InvestDirect shall be entitled to receive all applicable commissions and other compensation, both on the exercise and on the sale.

  • When you elect to exercise a Valuable Option, you may concurrently arrange for the sale of the underlying securities to be received on exercise of the Option, and you shall be entitled to receive all applicable commissions and other compensation, both on the exercise and on the sale.

Related to Valuable Option

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to Exercise the Option.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Vested Options means the Options that have vested in accordance with Section 1.3 of this Agreement.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.