Exchange Program Definition Example with 40 Variations

This page contains an example definition of Exchange Program, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Exchange Program. Means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or cash, (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced. The Administrator will determine the... terms and conditions of any Exchange Program in its sole discretion. View More Arrow

Variations

Exchange Program. Means means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower -2- exercise prices and different terms), Awards of a different type, and/or cash, and/or (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced. The Administrator... will determine the terms and conditions of any Exchange Program in its sole discretion. View More Arrow
Exchange Program. Means means a program under which (i) (a) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or cash, (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) (b) the exercise price of an outstanding Award is reduced. The Administrator will... determine the terms and conditions of any Exchange Program will be determined by the Administrator in its sole discretion. View More Arrow
Exchange Program. Means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or or cash, (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) (b) the exercise price of an outstanding Award Awards is reduced. The Administrator will... determine the terms and conditions of any Exchange Program in its sole discretion. View More Arrow
Exchange Program. Means means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower exercise prices and different terms), Awards awards of a different type, and/or cash, (ii) Participants Optionees would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced. reduced or... increased. The Administrator will determine the terms and conditions of any Exchange Program in its sole discretion. discretion View More Arrow
Exchange Program. Means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or of cash, and/or (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced. The Administrator will... determine the terms and conditions of any Exchange Program shall be determined by the Administrator in its sole discretion. View More Arrow
Exchange Program. Means means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or cash, and/or (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced. The Administrator will... determine the terms and conditions of any Exchange Program will be determined by the Administrator in its sole discretion. View More Arrow
Exchange Program. Means means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower -2- exercise prices and different terms), Awards of a different type, and/or cash, and/or (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced. The Administrator... will determine the terms and conditions of any Exchange Program in its sole discretion. View More Arrow
Exchange Program. Means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower -2- exercise prices and different terms), Awards of a different type, and/or cash, and/or (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced. The Administrator will... determine the terms and conditions of any Exchange Program in its sole discretion. View More Arrow
Exchange Program. Means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards awards of the same type (which may have lower or higher or lower exercise prices and different terms), Awards awards of a different type, and/or cash, (ii) Participants -2- would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is increased or... reduced. The Administrator will determine the terms and conditions of any Exchange Program shall be determined by the Administrator in its sole discretion. View More Arrow
Exchange Program. Means means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have lower or higher or lower exercise prices and different terms), Awards awards of a different type, and/or cash, (ii) Participants Optionees would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced. reduced or increased. The Administrator will determine the terms and conditions of any Exchange Program will be determined by the Administrator in its sole discretion. View More Arrow
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