Application of Verisign Stock Retention Policy Clause Samples

Application of Verisign Stock Retention Policy. Consistent with the Verisign Stock Retention Policy, upon exercise of any Options, the Company will (i) issue in a restricted certificate form that number of shares which is equal to the value of fifty percent (50%) of net gain on exercise (the “Retained Shares”) and (ii) release for sale the remaining shares, both as soon as administratively practicable (but in no event later than 30 days) following the exercise date, subject to the Employee’s timely returned signed Release Agreement having become effective. The Retained Shares shall remain subject to sale restrictions until October 29, 2011. Example: Strike Price: $24 Number of Options Exercised: 200 Closing Price on Last Open Market Date Prior to Exercise: $36 Estimated Income on Exercise: $2,400 Assumed Tax On Exercise (50%): $1,200 Net Gain on Exercise: $1,200 50% of Net Gain on Exercise: $600 Share Equivalent: 16 In this example, pursuant to the Verisign Stock Retention Policy, 16 shares would be issued in a restricted certificate form (and would be subject to sale restrictions until October 29, 2011) and the remaining shares would be released for sale, as soon as administratively practicable (but in no event later than 30 days) after exercise, subject to the Employee’s timely returned signed Release Agreement having become effective.
View SourceView Similar (2)
Application of Verisign Stock Retention Policy. Example: Number of Shares Vested On Termination Date: 200 Closing Price on Day of Vest / Termination Date: $36 Income on Vest: $7,200 Tax on Vest (50%): $3,600 Net Gain on Vest: $3,600 50% of Net Gain on Vest: $1,800 Share Equivalent: 50
View Source
Application of Verisign Stock Retention Policy. Example:
View Source

Related to Application of Verisign Stock Retention Policy

  • Retention Policy City shall retain ten percent (10%) of the amount due for Required Services detailed on each invoice (the “holdback amount”). Upon City review and determination of Project Completion, the holdback amount will be issued to Consultant.

  • Changes to Privacy Policy Agreement WebRealSinple reserves the right to update and/or change the terms of our privacy policy, and as such we will post those change to our website homepage at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, so that our users and/or visitors are always aware of the type of information we collect, how it will be used, and under what circumstances, if any, we may disclose such information. If at any point in time WebRealSinple decides to make use of any personally identifiable information on file, in a manner vastly different from that which was stated when this information was initially collected, the user or users shall be promptly notified by email. Users at that time shall have the option as to whether or not to permit the use of their information in this separate manner.

  • Non-Discrimination Policy PBA Membership

  • Cancellation Policy In the event that you must cancel your reservation, please be aware that cancellations must be in writing and must occur at least 60 days prior to arrival date. If cancellation occurs 60 days or more prior to arrival date all monies will be refunded with the exception of a $250.00 administrative fee. GUESTS THAT DO NOT CANCEL MORE THAN 60 DAYS PRIOR TO THE CHECK IN DATE WILL BE CHARGED THE

  • NO LEMON POLICY This Agreement provides that following the expiration of the term of the Covered Product’s manufacturer’s warranty, and subject to Our Limit of Liability, after three (3) service repairs have been completed for the Covered Product for the same problem, as determined in Our sole discretion, in lieu of performing a fourth (4th) repair on the Covered Product, We may replace it with a product of like kind or similar features, or issue a check to You in an amount not to exceed the remaining limit of liability as determined in accordance with the section titled “LIMIT OF LIABILITY.” If We replace the Covered Product, all Our obligations for the Covered Product under this Agreement terminate.