Exchange Program
Exchange Program. A program (subject to shareholder approval pursuant to Section 4(b)(viii)) under which (a) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have lower exercise prices and different terms), Awards of a different type, and/or cash, and/or (b) the exercise price of an outstanding Award is reduced. The Administrator may determine the terms and conditions of any Exchange Program in its sole discretion
Found in
Lancaster Colony Corp contract
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...
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Found in
GOLD TORRENT CANADA INC contract
Exchange Program. A program under which (i) the outstanding Warrant is surrendered or cancelled in exchange for warrants of the same type (which may have lower or higher exercise prices and different terms), awards of a different type, and/or cash, and/or (ii) Participant would have the opportunity to transfer the outstanding Warrant to a financial institution or other person or entity selected by the Board, and/or (iii) the exercise price of the outstanding Warrant is reduced or increased. The terms and...
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Found in
Loop Industries, Inc. contract
Exchange Program. A program under which outstanding Awards are amended to provide for a lower Exercise Price or surrendered or cancelled in exchange for (i) Awards with a lower exercise price, (ii) a different type of Award or awards under a different equity incentive plan, (iii) cash, or (iv) a combination of (i), (ii) and/or (iii). The Administrator will determine the terms and conditions of any Exchange Program in its sole discretion
Found in
OOMA INC contract
Exchange Program. Means a program under which (a) outstanding Options or Stock Purchase Rights are surrendered or cancelled in exchange for Options or Stock Purchase Rights of the same type (which may have lower exercise prices and different terms), Options or Stock Purchase Rights of a different type, and/or cash, and/or (b) the exercise price of an outstanding Option or Stock Purchase Right is reduced. The terms and conditions of any Exchange Program will be determined by the Administrator in its sole...
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Found in
TrueCar, Inc. contract
Exchange Program. A program under which (a) outstanding Options are surrendered or cancelled in exchange for Options of the same type (which may have lower exercise prices and different terms), Options of a different type, and/or cash, and/or (b) the exercise price of an outstanding Option is reduced, in either case, other than in connection with a "corporate transaction" as defined in Section 1.424-1(a)(3) of the Treasury Regulations. The terms and conditions of any Exchange Program will be determined by the...
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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...
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Found in
RACKSPACE HOSTING, INC. contract
Exchange Program. A program established by the Administrator under which outstanding Awards are amended to provide for a lower exercise price or surrendered or cancelled in exchange for (i) Awards with a lower exercise price, (ii) a different type of Award, (iii) cash, or (iv) a combination of (i), (ii) and/or (iii)
Found in
ADVENT SOFTWARE INC contract
Exchange Program. 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, or cash, (ii) Participants would have the opportunity to participate in an Award Transfer Program, 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. For the avoidance...
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Found in
Salesforce contract
Exchange Program. A program under which (i) the outstanding Compensatory Warrant is surrendered or cancelled in exchange for Compensatory Warrants of the same type (which may have lower or higher exercise prices and different terms), awards of a different type, and/or cash, and/or (ii) Participant would have the opportunity to transfer the outstanding Compensatory Warrant to a financial institution or other person or entity selected by the Board, and/or (iii) the exercise price of the outstanding Compensatory...
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All Definitions
Found in
Loop Industries, Inc. contract