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.
If the share price is higher
than the exercise price then the trader profits.
If the holding periods are not satisfied, then: (1) if the sale price exceeds the exercise price, the optionee will recognize capital gain equal to the excess, if any, of the sale price over the fair market value of the shares on the date of exercise and will recognize ordinary income equal to the difference, if any, between the lesser of the sale price or the fair market value of the shares on the exercise date and the exercise price; or (2) if the sale price is less
than the exercise price, the optionee will recognize a capital loss equal to the difference between the exercise price and the sale price.
Also, there are specific risks associated with covered call writing including the risk that the underlying stock could be sold at the exercise price when the current market value is greater
than the exercise price the call writer will receive.
Further, the specific risks associated with selling cash - secured puts include the risk that the underlying stock could be purchased at the exercise price when the current market value is less
than the exercise price the put seller will receive.
The idea is that you would «exercise» the option (buy the stock at the given price as provided by the option), if the value of the stock is higher
than the exercise price, and not if it is lower.
Also, the specific risks associated with selling cash secured puts include the risk that the underlying stock could be purchased at the exercise price when the current market value is less
than the exercise price the put seller will receive.
Not exact matches
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.
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.
Notwithstanding the foregoing, Stock Appreciation Rights may be granted with a per Share
exercise price of less
than one hundred percent (100 %) of the Fair Market Value per Share on the date of grant pursuant to a transaction described in, and in a manner consistent with, Section 424 (a) of the Code.
«Total CEO realized compensation» for a given year is defined as (i) Mr. Musk's salary, cash bonuses, non-equity incentive plan compensation and all other compensation as reported in «Executive Compensation — Summary Compensation Table» below, plus (ii) with respect to any stock option
exercised by Mr. Musk in such year in connection with which shares of stock were also sold other
than to satisfy the resulting tax liability, if any, the difference between the market
price of Tesla common stock at the time of
exercise on the
exercise date and the
exercise price of the option, plus (iii) with respect to any restricted stock unit vested by Mr. Musk in such year in connection with which shares of stock were also sold other
than automatic sales to satisfy the Company's withholding obligations related to the vesting of such restricted stock unit, if any, the market
price of Tesla common stock at the time of vesting, plus (iv) any cash actually received by Mr. Musk in respect of any shares sold to cover tax liabilities as described in (ii) and (iii) above, following the payment of such amounts.
The
exercise price per share of each stock appreciation right may not be less
than the fair market value of a Share on the date of grant, except in certain situations in which we are assuming or replacing stock appreciation rights granted by another company that we are acquiring.
Subject to the provisions of our 2015 Plan, the administrator will determine the other terms of stock appreciation rights, including when such rights become exercisable and whether to pay any amount of appreciation in cash, shares of our Class A 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 must be no less
than 100 % of the fair market value per share on the date of grant.
The term of an incentive stock option may not exceed ten years, except that with respect to any participant who owns more
than 10 % of the voting power of all classes of our outstanding stock, the term must not exceed five years and the
exercise price must equal at least 110 % of the fair market value on the grant date subject to the provisions of our 2015 Plan.
If the shares acquired upon
exercise are disposed of more
than two years after the date of grant and one year after the date of transfer of the shares to the participant (statutory holding periods), any sale proceeds that exceed the total
exercise price of these shares will be long - term capital gain.
The committee may deem that a holder of options or stock appreciation rights has
exercised such options or rights on the expiration date using a net share settlement method of
exercise if, on that expiration date, the options or rights are vested and the
exercise price is less
than the then fair market value of the Shares.
Each stock option gives the recipient the right to receive a number of Shares upon
exercise of the stock option and payment of the stock option
exercise price, which other
than for incentive stock options, shall be the fair market value of a Share on the option grant date.
As of March 31, 2015, options to purchase 1,353,659 Shares were outstanding under the 2010 Stock Incentive Plan and predecessor plans, with an average
exercise price of $ 47.87 per Share, all of which expire no later
than April 1, 2024.
The
exercise price may not be less
than 100 % of fair market value of the common stock on the date of grant.
A long call is when a trader believes that the option
exercise price will be greater
than the share
price and that the share
price will increase.
«In a world where everything for sale through an app (think electronics, taxis, food) is synonymous with vastly cheaper
prices than physical stores, this
exercise often simply resulted in higher outright discounts with every passing week,» Singh said.
Provided, however, that an incentive stock option held by a participant who owns more
than 10 % of the total combined voting power of all classes of our stock, or of certain of our parent or subsidiary corporations, may not have a term in excess of five years and must have an
exercise price of at least 110 % of the fair market value of our common stock on the grant date.
Subject to the provisions of our 2016 Plan, the administrator determines the other terms and conditions of stock appreciation rights, including when such rights become exercisable and whether to pay any increased appreciation 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.
For nonstatutory stock options and incentive stock options granted to employees who do not own more
than 10 % of the voting power of all classes of our outstanding stock, the
exercise price must equal at least 100 % of the fair market value.
No one would ever
exercise options «out of the money,» because they would have to pay for the stock at a
price higher
than the market
price.
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.
Subject to the provisions of our 2013 Plan, the administrator determines the other terms of stock appreciation rights, including when such rights become exercisable and whether to pay any increased appreciation 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.
The 2014 Recapitalization Agreement would also provide that under certain circumstances we may be required to issue new warrants to purchase shares of our common stock at an
exercise price per share of $ 0.01 rather
than issue shares of our common stock, in exchange for certain of the Related - Party Notes and Related - Party Warrants.
The term of an incentive stock option may not exceed 10 years, except that with respect to any participant who owns more
than 10 % of the voting power of all classes of our outstanding stock, the term must not exceed 5 years and the
exercise price must equal at least 110 % of the fair market value on the grant date.
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.
outstanding warrants to purchase shares of our common stock, including our Related - Party Warrants, either (i) would be exchanged for shares of our common stock depending in part on the initial public offering
price of this offering, (ii) would be
exercised to the extent the
exercise price per share provided for therein is less
than the initial public offering
price of this offering or (iii) would expire or otherwise be cancelled; and
our currently outstanding warrants to purchase shares of our common stock, including our Related - Party Warrants, either (i) would be exchanged for shares of our common stock depending in part on the initial public offering
price of this offering, (ii) would be
exercised to the extent the
exercise price per share provided for therein is less
than the initial public offering
price of this offering or (iii) would expire or otherwise be cancelled; and
The term of an incentive stock option may not exceed ten years, except that with respect to any participant who owns more
than 10 % of the voting power of all classes of our outstanding stock, the term must not exceed five years and the
exercise price must equal at least 110 % of the fair market value on the grant date.
The
exercise price of a stock appreciation right will be established by the plan administrator and may not be less
than 100 % of the fair market value of a share on the date of grant.
The result: these buyers tended to reach better deals (i.e. negotiated lower purchasing
prices)
than their peers who did not complete the self - affirmation
exercise.
This was largely a function of the coincidence of high real interest rates and high asset
price inflation over much of the period — more so, perhaps,
than the
exercise of exceptional investment skills as such.
The decision to not release detailed documents could signal a desire for the government to shift away from the public quarterly budget updates, which are meaningless in terms of fiscal planning due to the province's dependence on fluctuating natural resource commodity
prices and have become little more
than public relations
exercises for the government over the past two decades.
Upon a disposition of the shares more
than two years after grant of the option and one year after
exercise of the option, the optionee will recognize long - term capital gain or loss equal to the difference between the sale
price and the
exercise price.
A better
price than this could doubtless be obtained for Zanzibar produce if a little more care and attention were devoted to its cultivation and harvesting, but up to the present time it has been allowed to grow almost wild on the coral outcrop which covers the eastern portion of the island, and the slight personal discomfort which attends the handling of pods prevents the native from
exercising any care in its picking and subsequent preparation for market.
We can't beat a mediocre team because we are not better
than that overall... They want to win, not us... The tourist club is Arsenal, like some type of resort where they get pampered, massage, jacouzzi, go to the gym,
exercise in training, great body and money... Then they have all time to party and snatch all the girls... It's a rip off as
price of their ticket... Wake up and get real, leave that poor referee, maybe go wait for him and bumrush him or throw his ass in jail; it is Monopoly at arsenal after all..
It is without a doubt one of the most popular recumbent
exercise bikes on the market, probably because of the great
price and the fact it takes up a must smaller space
than other models.
Because her options are «out of the money» (the term used when the
exercise price is lower
than the market
price) she would never choose to
exercise them.
For less
than the
price of a dinner for two you can join the many folks who are enjoying the benefits of having started an
exercise program that is sure to improve your health.
All better
than the
exercises you're using now and all for only $ 19.95 - the
price of a tank of gas or a large pizza.
Although it is
priced higher
than most, it also offers a better material, finishing, a longer warranty and a wider range of
exercises to perform.
To give some idea of
prices, at the lowest end a primary of fewer
than 300 pupils could buy the basic system (including help with drawing up plans and an initial
exercise) for a set - up fee of # 437 and an annual licence fee of # 280.
Situations that would normally lead to a lease being classified as a finance lease include the following: the lease transfers ownership of the asset to the lessee by the end of the lease term; the lessee has the option to purchase the asset at a
price which is expected to be sufficiently lower
than fair value at the date the option becomes exercisable and that, at the inception of the lease, it is reasonably certain that the option will be
exercised; the lease term is for the major part of the economic life of the asset, even if title is not transferred; at the inception of the lease, the present value of the minimum lease payments amounts to at least substantially all of the fair value of the leased asset, and; the lease assets are of a specialised nature such that only the lessee can use them without major modifications being made.
Now let's do the same
exercise with the M3 sedan: Starting at $ 55,900, it's
priced a substantial $ 9,765 higher
than the 1M (or add another $ 3,000 for the coupe), but look at what you get: The M3's zero - to - 60 time is also 4.7 seconds with the manual transmission.
The market would consider that option nearly worthless, since in all likelihood, you would lose out by
exercising it (since you could just sell the share on the market for a
price expected to be higher
than that).