Cashless Exercise

Cashless Exercise. Means an exercise of Vested Options outstanding under the Plan through the delivery of irrevocable instructions to a broker to make a sale of a number of Option Shares that results in proceeds thereon in an amount required to pay the aggregate exercise price for all the shares underlying such Vested Options being so exercised and any required withholding tax and to deliver such proceeds to the Company in satisfaction of such... aggregate exercise price. View More

Cashless Exercise. To the extent permitted by Applicable Law, a program approved by the Committee in which payment of the applicable Exercise Price of an Option may be made all or in part by delivery (on a form prescribed by the Committee) of an irrevocable direction to a securities broker to sell Shares and to deliver all or part of the sale proceeds to the Company in payment of the aggregate Exercise Price and, if applicable, the amount necessary to satisfy the... Company's withholding obligations at the minimum statutory withholding rates, including, but not limited to, U.S. federal and state income taxes, payroll taxes, and foreign taxes, if applicable. View More

Cashless Exercise. A procedure by which the Company will issue to Optionee a number of Unites determined in accordance with the following formula, and the remaining portion of this Option shall be terminated: N=X(A-B)/A, where N = the net number of Units with respect to which shares of Stock are to be issued to the Optionee upon exercise of this Option; X = the total number of Units with respect to which the Optionee has elected to exercise this Option; A = the Fair Market Value of one (1) Unit on the exercise... date as determined by the Board in good faith; and B = the exercise price per Unit. View More

Cashless Exercise. Shall have the meaning specified in Section 1G.

Cashless Exercise. Means a program approved by the Administrator in which payment of the Option exercise price or tax withholding obligations or other required deductions may be satisfied, in whole or in part, with Shares subject to the Option, including by delivery of an irrevocable direction to a securities broker (on a form prescribed by the Company) to sell Shares and to deliver all or part of the sale proceeds to the Company in payment of such amount.

Cashless Exercise. Has the meaning set forth in Section ‎2(ii).

Cashless Exercise. Has the meaning set forth in Section 6.4. Bronco Drilling Company, Inc. 2005 Stock Incentive Plan Page 1

Cashless Exercise. Means, if there is a public market for the Shares, the payment of the Exercise Price (a) through a "same day sale" commitment from the Participant and an NASD Dealer whereby the Participant irrevocably elects to exercise the Option and to sell a portion of the Shares so purchased in order to pay the Exercise Price, and whereby the NASD Dealer irrevocably commits upon receipt of such stock to forward the Exercise Price directly to the Company, or (b) through a "margin" commitment from the... Participant and an NASD Dealer whereby the Participant irrevocably elects to exercise the Option and to pledge the Shares so purchased to the NASD Dealer in a margin account as security for a loan from the NASD Dealer in the amount of the Exercise Price and whereby the NASD Dealer irrevocably commits upon receipt of such Shares to forward the Exercise Price directly to the Company. View More

Cashless Exercise. 6(b)(ii)

Cashless Exercise. An exercise of Warrants in which, in lieu of payment of the Exercise Price, the Holder elects to receive a lesser number of Securities such that the value of the Securities that such Holder would otherwise have been entitled to receive but has agreed not to receive, as determined by the closing price of such Securities on the date of exercise or, if such date is not a trading day, on the next prior trading day, is equal to the aggregate Exercise Price with respect to such exercise. A Holder may... only elect a Cashless Exercise if Securities issuable by the Company on such exercise are publicly traded securities View More