Sentences with phrase «exercised on a specified date»
An option that can only be exercised on a specified date - normally the business day prior to expiration.
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If the shares of common stock are sold or otherwise disposed of before the end of the one - year and two - year periods specified above, the difference between the option exercise price and the fair market value of the shares on the date of the options» exercise will
(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»).