Section 16 Amount definition

Section 16 Amount is defined in Section 7.
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Examples of Section 16 Amount in a sentence

  • Upon exercise, the holder of the SAR will be entitled to receive a sum of cash equal to the difference between the (i) the Exercise Date SAR Value ("V2"), minus (ii) the Grant Date SAR Value ("V1") multiplied by the number of SARs exercised, minus any applicable Section 16 Amount.

  • The Committee further may, in its discretion, permit payment of the Exercise Price and the Section 16 Amount in such form or in such manner as may be permissible under the Plan and under any applicable law.

  • Within three days of such election, unless otherwise instructed by the Committee (as defined in the Plan) as described herein, the Optionee shall tender cash (by wire transfer or otherwise) or a cashier's or certified bank check payable to the order of NV for the full Exercise Price of such Option Shares and any amount required pursuant to Section 16 (the "Section 16 Amount").

  • The Committee may, within two days of receiving the Optionee's election to exercise the Option, send written notice to the Optionee instructing the Optionee either (a) to pay the entire Exercise Price and Section 16 Amount directly to NV or directly to the Company or (b) to pay a portion of the Exercise Price and Section 16 Amount directly to NV and the remainder of such Exercise Price and Section 16 Amount directly to the Company.

  • The Remuneration Committee further may, in its discretion, permit payment of the Exercise Price and the Section 16 Amount in such form or in such manner as may be permissible under the Plan and under any applicable law.

  • The Remuneration Committee may, within two days of receiving the Optionee's election to exercise the Option, send written notice to the Optionee instructing the Optionee either (a) to pay the entire Exercise Price and Section 16 Amount directly to NV or directly to the Employer for transmission to NV or (b) to pay a portion of the Exercise Price and Section 16 Amount directly to NV and the remainder of such Exercise Price and Section 16 Amount to the Employer for transmission to NV.

  • The Committee will, within two days of receiving the Optionee's election to exercise the Option, send written notice to the Optionee instructing the Optionee to pay the entire Exercise Price and Section 16 Amount directly to the Company.

  • Upon exercise, the holder of the SAR will be entitled to receive a sum of cash equal to the difference between the (i) the Exercise Date SAR Value (“V2”), minus (ii) the Grant Date SAR Value (“V1”) multiplied by the number of SARs exercised, minus any applicable Section 16 Amount.

  • The Committee may, within two days of receiving the Optionee’s election to exercise the Option, send written notice to the Optionee instructing the Optionee either (a) to pay the entire Exercise Price and Section 16 Amount directly to NV or directly to the Company or (b) to pay a portion of the Exercise Price and Section 16 Amount directly to NV and the remainder of such Exercise Price and Section 16 Amount directly to the Company.

  • Within three days of such election, unless otherwise instructed by the Remuneration Committee (as defined in the Plan) as described herein, the Optionee shall tender cash (by wire transfer or otherwise) or a cashier's or certified bank check payable to the order of NV for the full Exercise Price of such Option Shares and any amount required pursuant to Section 16 (the "Section 16 Amount").

Related to Section 16 Amount

  • Section 16 Percentage as of any day is the fraction, expressed as a percentage, (A) the numerator of which is the number of Shares that Dealer and any of its affiliates or any other person subject to aggregation with Dealer for purposes of the “beneficial ownership” test under Section 13 of the Exchange Act, or any “group” (within the meaning of Section 13 of the Exchange Act) of which Dealer is or may be deemed to be a part beneficially owns (within the meaning of Section 13 of the Exchange Act), without duplication, on such day (or, to the extent that for any reason the equivalent calculation under Section 16 of the Exchange Act and the rules and regulations thereunder results in a higher number, such higher number) and (B) the denominator of which is the number of Shares outstanding on such day. The “Option Equity Percentage” as of any day is the fraction, expressed as a percentage, (A) the numerator of which is the sum of (1) the product of the Number of Options and the Option Entitlement and (2) the aggregate number of Shares underlying any other call option transaction sold by Dealer to Counterparty, and (B) the denominator of which is the number of Shares outstanding. The “Share Amount” as of any day is the number of Shares that Dealer and any person whose ownership position would be aggregated with that of Dealer (Dealer or any such person, a “Dealer Person”) under any law, rule, regulation, regulatory order or organizational documents or contracts of Counterparty that are, in each case, applicable to ownership of Shares (“Applicable Restrictions”), owns, beneficially owns, constructively owns, controls, holds the power to vote or otherwise meets a relevant definition of ownership under any Applicable Restriction, as determined by Dealer in its reasonable discretion. The “Applicable Share Limit” means a number of Shares equal to (A) the minimum number of Shares that could give rise to reporting or registration obligations or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or could result in an adverse effect on a Dealer Person, under any Applicable Restriction, as determined by Dealer in its reasonable discretion, minus (B) 1% of the number of Shares outstanding.

  • Maximum Basic Grant Amount’ has the same meaning as set out in item 1 of Schedule 1 of HESA;

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Grant Amount has the meaning set forth in Article 3(A) of this Agreement. “Performance Period” has the meaning set forth in Article 5(B) of this Agreement. “Project” has the meaning set forth in Article 3(A) of this Agreement.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).