Minimum Exercise Price definition

Minimum Exercise Price means 50% of the Nasdaq Minimum Price (as defined in Nasdaq Listing Rule 5635(d) or its successor) calculated as of the date of the Purchase Agreement as proportionately adjusted to reflect any Stock Dividend or Splits in the manner set forth in Section 3(a).

Minimum Exercise Price means one hundred percent (100%) of the Fair Market Value of a Share at the time of the grant of the Option, or the par value of a Share, whichever is greater.

Minimum Exercise Price means the greater of: (1) the Exercise Price and (2) the amount by which (A) the Fair Market Value per share of Common Stock exceeds (B) the Maximum Spread, each as determined as of the Close of Business of the Trading Day immediately preceding the Exercise Date.

Examples of Minimum Exercise Price in a sentence

• If any options are granted within 90 days of a public distribution of Shares by prospectus, then the minimum exercise price shall be the greater of the Minimum Exercise Price and the price per Share paid by the investors for Shares acquired under the public distribution.

• However, if any event requiring adjustment of the Minimum Exercise Price subsequently occurs and the Company adjusts the Minimum Exercise Price, the Company will use the Minimum Exercise Price before adjustment less such difference in the Minimum Exercise Price Adjustment Formula instead of the Minimum Exercise Price before adjustment.

• The Minimum Exercise Price after adjustment will become applicable on and after the day following the payment date or the last day of the payment period, or if the Company grants to its shareholders rights to be allotted shares of common stock of the Company in the offering, the day following the record date to determine shareholders to be granted such rights (if a record date is not determined, the payment date).

• If there is a Share Split of shares of common stock of the Company The Minimum Exercise Price after adjustment will become applicable on and after the day following the record date to determine shareholders to acquire shares as a result of such Share Split (if a record date is not determined, the effective date).

• If the difference between the Minimum Exercise Price after adjustment, which is calculated by the Minimum Exercise Price Adjustment Formula, and the Minimum Exercise Price before adjustment is less than one yen, the Minimum Exercise Price will not be adjusted.

More Definitions of Minimum Exercise Price

Minimum Exercise Price means the amount that is $.20 less than the Maximum Exercise Price.

Minimum Exercise Price means not less than 25% of the Market Value of the Underlying Shares at Grant Date.

Minimum Exercise Price means S$0.0009 or such other sum as may be adjusted from time to time in accordance to these Conditions”,

Minimum Exercise Price means S$0.0009 S$0.001 or such other sum as may be adjusted from time to time in accordance to these Conditions, provided always that any such adjustments shall not result in the Minimum Exercise Price falling below S$0.001”; and

Minimum Exercise Price at any time means the greater of (i) 75% of the Current Market Price at that time and (ii) the price which is at the maximum discount permitted at that time for Common Shares under the rules of the TSXV or the Other Exchange.

Minimum Exercise Price means, at any time, the greater of (i) 85% of the Current Market Price at that time and (ii) the price which is at the maximum discount permitted at that time for the Stapled Units under the rules of the Principal Stock Exchange;

Minimum Exercise Price shall be equal to the product of (i) the arithmetic average of the Closing Price of the Class A Common Stock for each trading day occurring during the six month period ending on the trading date immediately preceding the Exercise Date and (ii) .825.