Exercise Value definition
Examples of Exercise Value in a sentence
In the event the Purchase Price is delivered in the form of Cashless Exercise Value, the number of Warrant Stock purchasable under the Warrant thereafter shall be reduced by the amount of Warrant Stock exchanged in connection therewith.
Each Signature Option to purchase Signature Common, and all rights existing with respect thereto, shall be exchanged for that number of shares of IHS Stock as shall be equal in value to 51% of the Net Exercise Value of such Signature Option and an amount of cash equal to 49% percent of the Net Exercise Value of such Signature Option.
Upon exercise, as provided in Section 2(b) below, each SAR shall entitle the Employee to receive, in the manner described in Section 2(c) below, the excess, if any, of (i) the Fair Market Value of one share of Common Stock at the Exercise Date (as hereinafter defined), over (ii) the Base Reference Value (the "Exercise Value").
The Exercise Value of the exercised SAR Units, less Tax-Related Items, shall be converted into a number of whole shares of Georgia-Pacific Stock based upon the Fair Market Value of Georgia-Pacific Stock on the date of exercise, with any remaining Exercise Value applied as additional tax withholding for the Participant’s benefit.
When the SAR is exercised, the Corporation or its Agent shall calculate the excess, if any, of the Exercise Value for a SAR Unit over the Grant Value for such SAR Unit, multiplied by the number of SAR Units which have been exercised (the “Exercise Value”).