Common use of Date of Exercise Clause in Contracts

Date of Exercise. The SARs shall be deemed to be exercised on the business day that the Company receives a fully executed and completed exercise notice. If an exercise notice is received on a day that is not a business day, or is received after 5:00 p.m., Eastern time, on a business day, then the SARs shall be deemed to be exercised on the first business day immediately following the day such notice is received by the Company.

Appears in 19 contracts

Sources: Employment Agreement, Employment Agreement (Health Insurance Innovations, Inc.), Employment Agreement (Health Insurance Innovations, Inc.)

Date of Exercise. The SARs shall be deemed to be exercised on the business day that the Company receives a fully executed and completed exercise notice. If an exercise the notice is received after business hours on a day that is not a business day, or is received after 5:00 p.m., Eastern time, on a business daysuch date, then the SARs SAR shall be deemed to be exercised on the first business day date immediately following the day business date such notice is received by the Company.

Appears in 13 contracts

Sources: Stock Appreciation Rights Award Agreement (Finward Bancorp), Stock Appreciation Rights Agreement (Usana Health Sciences Inc), Stock Appreciation Rights Agreement (KwikClick, Inc.)

Date of Exercise. The SARs shall be deemed to be exercised on the business day that the Company receives a fully executed and completed exercise noticeExercise Notice. If an exercise the notice is received after business hours on a day that is not a business day, or is received after 5:00 p.m., Eastern time, on a business daysuch date, then the SARs shall be deemed to be exercised on the first business day immediately following the business day such notice Exercise Notice is received by the Company.

Appears in 3 contracts

Sources: Stock Appreciation Rights Agreement, Stock Appreciation Rights Agreement (General Communication Inc), Stock Appreciation Rights Agreement (General Communication Inc)

Date of Exercise. The SARs shall be deemed to be exercised on the business day that the Company receives a fully executed and completed exercise notice. If an exercise the notice is received after business hours on a day that is not a business day, or is received after 5:00 p.m., Eastern time, on a business daysuch date, then the SARs shall be deemed to be exercised on the first business day date immediately following the day business date such notice is received by the Company.

Appears in 3 contracts

Sources: Stock Appreciation Right Award Agreement (AssetMark Financial Holdings, Inc.), Stock Appreciation Right Award Agreement (AssetMark Financial Holdings, Inc.), Stock Appreciation Right Award Agreement (AssetMark Financial Holdings, Inc.)

Date of Exercise. The SARs shall be deemed to be exercised on the business day that when the Company receives a fully executed and completed exercise notice. If an exercise the notice is received after business hours on a day that is not a business daysuch date, or is received after 5:00 p.m., Eastern time, on a business day, then the SARs shall be deemed to be exercised on the first business day date immediately following the day business date when such notice is received by the Company.

Appears in 1 contract

Sources: Stock Appreciation Rights Award Agreement (International Bancshares Corp)

Date of Exercise. The SARs shall be deemed to be exercised on the business day that the Company receives a fully executed and completed exercise notice. If an exercise the notice is received after business hours on a day that is not a business day, or is received after 5:00 p.m., Eastern time, on a business daysuch date, then the SARs SAR shall be deemed to be exercised on the first business day immediately following the day business date such notice is received by the Company.

Appears in 1 contract

Sources: Stock Appreciation Right Award Agreement (InfuSystem Holdings, Inc)