A stock appreciation right entitles a participant to receive a payment, in cash, common stock, or a combination of both, in an amount equal to the difference between the fair market value of the stock at the time of exercise and
the exercise price of the award, which may not be lower than the fair market value of the Company's common stock on the day of grant.
Shares used to pay
the exercise price of an Award or to satisfy the tax withholding obligations related to an Award will become available for future grant or sale under the Plan.
Shares used to pay
the exercise price of an award or satisfy the tax withholding obligations related to an award will become available for future grant or sale under the 2014 Plan.
Key input assumptions used to estimate the fair value of stock options include
the exercise price of the award, the expected option term, the expected volatility of the Company's stock over the option's expected term, the risk - free interest rate over the option's expected term, and the Company's expected annual dividend yield.
Not exact matches
The weighted - average
exercise price is calculated based solely on the
exercise prices of the outstanding stock options and does not reflect the shares that will be issued upon the vesting
of outstanding
awards of RSUs, which have no
exercise price.
Shares that are exchanged by a participant or withheld by Apple to pay the
exercise price of an option or stock appreciation right granted under the 2014 Plan, as well as any shares exchanged or withheld to satisfy the tax withholding obligations related to any option or stock appreciation right, will not be available for subsequent
awards under the 2014 Plan.
In no case, except due to an adjustment to reflect a stock split or other event referred to under «Adjustments» below, and except for any repricing that may be approved by shareholders, will the plan administrator (1) amend an outstanding stock option or stock appreciation right to reduce the
exercise price or base
price of the
award, (2) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for cash or other
awards for the purpose
of repricing the
award, (3) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for an option or stock appreciation right with an
exercise or base
price that is less than the
exercise or base
price of the original
award, or (4) take any other action that is treated as a repricing under U.S. generally accepted accounting principles.
Upon
exercise of a stock appreciation right, the holder
of the
award will be entitled to receive an amount determined by multiplying (i) the difference between the fair market value
of a Share on the date
of exercise over the
exercise price by (ii) the number
of exercised Shares.
However, Shares used to pay the
exercise price or purchase
price of an option or stock appreciation right or to satisfy tax withholding obligations relating to such
awards do not become available for future issuance under the 2013 Plan.
Subject to Section 6 and the other terms and conditions
of the Plan, each Stock Appreciation Right grant will be evidenced by an
Award Agreement (which may be in electronic form) that will specify the
exercise price, the term
of the Stock Appreciation Right, the conditions
of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will determine.
It does not take into account the shares issuable upon vesting
of outstanding restricted stock unit
awards, which have no
exercise price.
The Board or the HRC or the GNC may modify, suspend, or terminate the LTICP but may not, without the prior approval
of our stockholders, make any change to the LTICP that increases the total amount
of common stock which may be
awarded (except to reflect changes in capitalization), increases the individual maximum
award limits (except to reflect changes in capitalization), changes the class
of team members or directors eligible to participate, extends the duration
of the LTICP, reduces the
exercise price of or reprices outstanding stock options or stock appreciation rights, waives the LTICP's minimum time period requirements for vesting and lapse
of restrictions for restricted stock or RSRs, or otherwise amends the LTICP in any manner requiring stockholder approval by law or under the NYSE listing requirements.
In such event, the committee may adjust the number and type
of Shares available under the 2015 Plan or subject to outstanding grants and, subject to various limits in the 2015 Stock Incentive Plan, the
exercise price of outstanding stock options and other
awards.
Notwithstanding the authority
of the committee under the Plan, except in connection with any corporate transaction involving Walmart, the terms
of outstanding plan
awards may not be amended to reduce the
exercise price of outstanding stock options or stock appreciation rights or cancel outstanding stock options or stock appreciation rights in exchange for cash, other plan
awards or stock options or stock appreciation rights with an
exercise price that is less than the
exercise price of the original stock options or stock appreciation rights without the prior approval
of Walmart stockholders.
(5) Except in connection with a corporate transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split - up, spin - off, combination, or exchange
of shares), the terms
of outstanding
awards may not be amended to reduce the
exercise price of outstanding Options or stock appreciation rights or cancel outstanding Options or stock appreciation rights in exchange for cash, other
awards or Options or stock appreciation rights with an
exercise price that is less than the
exercise price of the original Options or stock appreciation rights without stockholder approval.
Each Stock Appreciation Right grant will be evidenced by an
Award Agreement that will specify the
exercise price, the term
of the Stock Appreciation Right, the conditions
of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will determine.
shares by which the share reserve may increase automatically each year, (3) the class and maximum number
of shares that may be issued on the
exercise of incentive stock options, (4) the class and maximum number
of shares subject to stock
awards that can be granted in a calendar year (as established under the 2017 Plan under Section 162 (m)
of the Code), and (5) the class and number
of shares and
exercise price, strike
price, or purchase
price, if applicable,
of all outstanding stock
awards.
in the case
of our directors, officers, and security holders, (i) the receipt by the locked - up party from us
of shares
of Class A common stock or Class B common stock upon (A) the
exercise or settlement
of stock options or RSUs granted under a stock incentive plan or other equity
award plan described in this prospectus or (B) the
exercise of warrants outstanding and which are described in this prospectus, or (ii) the transfer
of shares
of Class A common stock, Class B common stock, or any securities convertible into Class A common stock or Class B common stock upon a vesting or settlement event
of our securities or upon the
exercise of options or warrants to purchase our securities on a «cashless» or «net
exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount
of cash needed for the payment
of taxes, including estimated taxes, due as a result
of such vesting or
exercise whether by means
of a «net settlement» or otherwise) so long as such «cashless
exercise» or «net
exercise» is effected solely by the surrender
of outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the
exercise thereof) to us and our cancellation
of all or a portion thereof to pay the
exercise price or withholding tax and remittance obligations, provided that in the case
of (i), the shares received upon such
exercise or settlement are subject to the restrictions set forth above, and provided further that in the case
of (ii), any filings under Section 16 (a)
of the Exchange Act, or any other public filing or disclosure
of such transfer by or on behalf
of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer
of shares or securities was solely to us pursuant to the circumstances described in this bullet point;
Subject to the provisions
of our 2010 Plan, the administrator determines the terms
of stock appreciation rights, including when such rights vest and become exercisable and whether to settle such
awards in cash or with shares
of our common stock, or a combination thereof, except that the per share
exercise price for the shares to be issued pursuant to the
exercise of a stock appreciation right will be no less than 100 %
of the fair market value per share on the date
of grant.
In the event
of a change
of control (as defined in the plan), the compensation committee may, in its discretion, provide for any or all
of the following actions: (i)
awards may be continued, assumed, or substituted with new rights, (ii)
awards may be purchased for cash equal to the excess (if any)
of the highest
price per share
of common stock paid in the change in control transaction over the aggregate
exercise price of such
awards, (iii) outstanding and unexercised stock options and stock appreciation rights may be terminated, prior to the change in control (in which case holders
of such unvested
awards would be given notice and the opportunity to
exercise such
awards), or (iv) vesting or lapse
of restrictions may be accelerated.
In no case (except due to an adjustment to reflect a stock split or other event referred to under «Adjustments» below, and except for any repricing that may be approved by shareholders) will the plan administrator (1) amend an outstanding stock option or stock appreciation right to reduce the
exercise price or base
price of the
award, (2) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for cash or other
awards for the purpose
of repricing the
award, or (3) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for an option or stock appreciation right with an
exercise or base
price that is less than the
exercise or base
price of the original
award.
12-21-2009 Caledonia Mining Secures a Renewed Zimbabwe Gold Dealership License 11-12-2009 Caledonia Mining Announces Third Quarter 2009 Results 11-09-2009 Blanket Mine
Awarded Exporter
of the Year 09-04-2009 Caledonia reduces
exercise price of outstanding options 08-11-2009 Caledonia Mining 2009 Second Quarter and Half Year Results and Management Conference Call 07-01-2009 Mitsubishi Corporation Withdraws From Proposed Participation in the Rooipoort and Mapochsgronde Platinum Projects in South Africa 05-28-2009 Report on 2009 Annual General Meeting and Shareholder Update 05-18-2009 Caledonia Mining First Quarter 2009 Results 05-06-2009 Blanket Mine Commences Production and Export
of Gold 04-03-2009 Caledonia Mining announces the Imminent Resumption
of Gold Mining at the Blanket Gold Mine in Zimbabwe 04-02-2009 Caledonia's Q4 and Annual Results 2008 Conference Call 04-01-2009 Caledonia Mining announces its Fourth Quarter and 2008 Annual Results 04-01-2009 Caledonia Mining Fourth Quarter 2008 Results Filing Delayed
The Administrator determines the
exercise price of options and stock appreciation rights at the time the
award is granted.
(gg) «Stock Appreciation Right» or «SAR» means a right granted under Section 8 which entitles the recipient to receive an amount equal to the excess
of the Fair Market Value
of a Share on the date
of exercise of the Stock Appreciation Right over the
exercise price thereof on such terms and conditions as are specified in the agreement or other documents evidencing the
Award (the «SAR Agreement»).
document issued by the company setting forth the number
of shares, grant /
exercise price, vesting schedule, and other terms
of the stock
awards
According to a press release issued by the Company on June 5, 2008, beginning in the middle
of 2006 through early 2007, MRVC conducted an informal review
of its share - based
award practices and concluded that there was no evidence that grant dates
of options were designed to occur on dates with more favorable
exercise prices (i.e., on dates with lower market
prices).
Which looks excessive (future
awards should be monitored), but reflects cumulative option
awards back to 2005... the evolution
of the share
price hasn't really encouraged
exercises!?