Not exact matches
After the Mt. Gox bankruptcy trustee announced that under Japan's bankruptcy code, creditors were not entitled to Bitcoin's massive
price appreciation in their claims, Richard Folsom took it
upon himself to change that.
For nonstatutory stock options and stock
appreciation rights, the participant will recognize ordinary income
upon exercise in an amount equal to the difference between the fair market value of the shares and the exercise
price on the date of exercise.
The performance goals
upon which the payment or vesting of any Incentive Award (other than Options and stock
appreciation rights) that is intended to qualify as Performance - Based Compensation depends shall relate to one or more of the following Performance Measures: market
price of Capital Stock, earnings per share of Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins, return on equity or stockholder equity, total shareholder return, market capitalization, enterprise value, cash flow (including but not limited to operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return on invested
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.
In addition, in connection with the termination of the 2014 Plan
upon a sale event, we may make or provide for a cash payment to participants holding vested and exercisable options and stock
appreciation rights equal to the difference between the per share cash consideration payable to stockholders in the sale event and the exercise
price of the options or stock
appreciation rights.
Stock
appreciation rights provide for a payment, or payments, in cash or shares of our Class A common stock, to the holder based
upon the difference between the fair market value of our Class A common stock on the date of exercise and the stated exercise
price at grant up to a maximum amount of cash or number of shares.
Upon exercise of a stock
appreciation right, the participant will receive payment from the Company in an amount determined by multiplying (a) the difference between (i) the fair market value of a share on the date of exercise and (ii) the exercise
price times (b) the number of shares with respect to which the stock
appreciation right is exercised.
Stock
appreciation rights provide for a payment, or payments, in cash or shares of our common stock, to the holder based
upon the difference between the fair market value of our common stock on the date of exercise and the stated exercise
price of the stock
appreciation right.
In particular, AIC payments, LTI payments and stock options represent a significant portion of our executive compensation program, as shown by the chart below, and this variable compensation is «at risk» and directly dependent
upon the achievement of pre-established corporate goals and stock
price appreciation:
The anticipated capital
appreciation is based
upon a variety of
price - to - fair - value analyst estimates, including those by Morningstar analysts.
The Compensation Committee, in its sole discretion, may grant stock
appreciation rights which allow the grantee to elect to receive
upon the exercise of the option shares of stock with an aggregate fair market value equal to the excess of the fair market value of the shares of stock with respect to which the option is exercised over the aggregate exercise
price of the option as determined on the exercise date.