Deemed Exercise definition

Deemed Exercise means the conversion of Covered Options to the right to receive the Stock Units.
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Deemed Exercise is defined in Section 5.2 (Degrader License Option Exercise).
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Examples of Deemed Exercise in a sentence

  • Every Special Warrant represented by a Special Warrant Certificate countersigned by the Special Warrant Agent or Uncertificated Special Warrant that has been Authenticated and delivered to the holder thereof is deemed to be outstanding until it is cancelled or delivered to the Special Warrant Agent for cancellation or until the Deemed Exercise Time.

  • All Special Warrants will be deemed to have been exercised immediately prior to the Deemed Exercise Time and surrendered by the Special Warrantholders without any further action on the part of the Special Warrantholders.

  • No Special Warrants may be voluntarily exercised by the holders thereof at any time after their issuance, unless agreed to by the Corporation pursuant to a supplemental indenture entered into with the Special Warrant Agent providing for such exercise and subject to any certificates issued prior to the Deemed Exercise Date bearing the legends set out in Section 5.8.

  • B Warrants that (i) lapse unexercised at the Deemed Exercise Date, (ii) are deemed exercised and with respect to which B Shares are delivered to the relevant Holders in accordance with Condition 4 or (iii) are cancelled following the redemption of all A Warrants, shall be cancelled and cease to exist.

  • The Special Warrants will be deemed to be exercised on the date that is the earlier of (a) the Deemed Exercise Date, and (b) the third business day following the date on which Final Receipt has been issued, at which time each Special Warrant shall be automatically exercised for one Qualified Share, subject to adjustment in certain circumstances, without payment of any additional consideration and without further action on the part of the holder.

  • That the Corporation will use its best efforts to ensure that the listing of the Common Shares on the TSXV is maintained and that the Underlying Shares underlying the Special Warrants and the Common Shares underlying the Underlying Warrants will be approved for listing and trading on the TSXV as of the Deemed Exercise Time.

  • The Special Warrants will be deemed to have been exercised, delivered and surrendered by the holders thereof immediately prior to the Deemed Exercise Time without any further action on the part of the holders.

  • No Special Warrants may be voluntarily exercised by the holders thereof at any time after their issuance, unless agreed to by the Corporation pursuant to a Supplemental Indenture entered into with the Special Warrant Agent providing for such exercise and subject to any certificates issued prior to the Deemed Exercise Date bearing the legends set out in Section 5.8.

  • Upon exercise or deemed exercise of the NCI Special Warrants, it is anticipated that evidence of ownership representing the Underlying Securities will be issued in non-certificated book-entry only form and registered to CDS or its nominee and deposited with CDS on the day following the date of exercise or the Deemed Exercise Date.

  • If a single Holder does not hold all of the B Warrants on the Deemed Exercise Date, each Holder shall be deemed to have automatically exercised the B Warrants held by it in the same proportion as A Warrants were duly exercised and the above paragraphs shall apply mutatis mutandis to each such portion of B Warrants.

Related to Deemed Exercise

  • Cash Exercise with respect to Warrant Shares; and/or

  • Net Exercise means a Net Exercise as defined in Section 6.3(b)(iii).

  • Automatic Exercise Applicable; and means that for each Expiration Date, a number of Warrants equal to the Daily Number of Warrants for such Expiration Date will be deemed to be automatically exercised at the Expiration Time on such Expiration Date.

  • Election to Exercise shall have the meaning attributed thereto in Subsection 2.2(d).

  • SAR Exercise Price means the per share exercise price of a SAR granted to a Grantee under Section 9 hereof.

  • Sponsor Exercise Fair Market Value means the average last reported sale price of the Ordinary Shares for the ten (10) trading days ending on the third (3rd) trading day prior to the date on which notice of exercise of the Private Placement Warrant is sent to the Warrant Agent;

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Exercise means a Holder’s right to exercise the Securities, in accordance with Product Condition 3;

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • Exercise Event shall have the meaning ascribed to such term in Section 2(c).

  • Date of Exercise means the date on which the Holder shall have delivered to the Company: (i) the Exercise Notice (with the Warrant Exercise Log attached to it), appropriately completed and duly signed and (ii) if such Holder is not utilizing the cashless exercise provisions set forth in this Warrant, payment of the Exercise Price for the number of Warrant Shares so indicated by the Holder to be purchased.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

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

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

  • Minimum Exercise Amount means the Minimum Exercise Amount as specified in § 1 of the Product and Underlying Data.

  • Broker Exercise Notice means a written notice pursuant to which a Participant, upon exercise of an Option, irrevocably instructs a broker or dealer to sell a sufficient number of shares or loan a sufficient amount of money to pay all or a portion of the exercise price of the Option and/or any related withholding tax obligations and remit such sums to the Company and directs the Company to deliver stock certificates to be issued upon such exercise directly to such broker or dealer.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • SARS means the South African Revenue Service.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

  • Optioned Stock means the Common Stock subject to an Option.

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

  • Continuous Service means that the Participant’s service with the Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. A change in the capacity in which the Participant renders service to the Company or an Affiliate as an Employee, Consultant or Director or a change in the entity for which the Participant renders such service, provided that there is no interruption or termination of the Participant’s service with the Company or an Affiliate, will not terminate a Participant’s Continuous Service; provided, however, that if the Entity for which a Participant is rendering services ceases to qualify as an Affiliate, as determined by the Board, in its sole discretion, such Participant’s Continuous Service will be considered to have terminated on the date such Entity ceases to qualify as an Affiliate. To the extent permitted by law, the Board or the chief executive officer of the Company, in that party’s sole discretion, may determine whether Continuous Service will be considered interrupted in the case of (i) any leave of absence approved by the Board or chief executive officer, including sick leave, military leave or any other personal leave, or (ii) transfers between the Company, an Affiliate, or their successors. Notwithstanding the foregoing, a leave of absence will be treated as Continuous Service for purposes of vesting in an Award only to such extent as may be provided in the Company’s leave of absence policy, in the written terms of any leave of absence agreement or policy applicable to the Participant, or as otherwise required by law.