Not exact matches
That's because many big enterprises regularly issue more
stock than they buy back, using the
proceeds for repurchase of new shares
from newly exercised
options and vested restricted
stock, for M&A, and for secondary offerings.
«Canada would benefit
from closing the tax loophole that allows executives to pay half the income tax rate on
proceeds from cashing in
stock options by claiming that revenue as capital gains,» says Mackenzie.
The adjustment assumes there will be no additional distribution in the event the gross
proceeds from the offering exceed the anticipated gross
proceeds (including as a result of the exercise by the underwriters of their
option to purchase additional shares of Class A common
stock).
The Company's board of directors also approved an additional distribution to its members, to the extent the gross
proceeds of the Company's planned initial public offering exceed the anticipated gross
proceeds (including as a result of the exercise by the underwriters of their
option to purchase additional shares of Class A common
stock), in an amount equal to the product of (A) the increased gross
proceeds and (B) 0.273, to be paid
from the
proceeds of the Company's planned initial public offering.
If at the Date of Exercise, Participant is not in compliance with the Company's minimum
stock ownership guidelines then in effect for Participant's job grade or classification, if any, Participant will not be entitled to exercise the
Option using a «cashless exercise program» of the Company (if then in effect), unless the net
proceeds received by Participant
from that exercise consist only of Shares and Participant agrees to hold all those Shares for at least one year.
NDP: Cancel income splitting for families with kids under the age of 18 but keep it for seniors; eliminate the CEO
stock option loophole that allows wealthy CEOs to avoid taxes on 50 % of income received
from cashing in company
stock (with
proceeds invested into eliminating child poverty); increase investment in the Working Income Tax Benefit (WITB) by 15 % to further support working Canadians who live below the poverty line; introduce income averaging for artists.
• Retirement accounts,
options, warrants,
stocks purchased on margin including
stocks purchased with the
proceeds of a mortgage loan, and any securities that are not either (i) registered upon issuance under the Securities Act of 1993 or (ii) exempt
from registrations thereunder are not acceptable assets.
(3) Estimated
proceeds from the exercise of currently vested
options for 460,828 shares of our common
stock that are in - the - money at $ 4.13, the per share closing price of our
stock on the Nasdaq Global Market on June 16, 2009, which
options are assumed to be exercised prior to the dividend payment.