Sentences with phrase «option under specified conditions»

A feature which can be included in a new debt or preferred issue, granting the holder the option under specified conditions to redeem the security on a stated date - prior to maturity in the case of a bond.

Not exact matches

With an Equity Incentive Plan you can specify the type of employees eligible to receive incentive stock options; the minimum price per share of stock an employee must pay if they are granted the right to purchase stock (even though the employee owns more than the maximum percentage defined in the plan); the timeframe within which stock options can be granted under the plan after its adoption or approval by shareholders; the total number of shares to be issued to employees; and the conditions and time period for the expiration of stock options.

Under Deferred Life Annuity option, Policy Loans will be available during deferment period subject to such terms and conditions as the company may specify from time to time.