Cashless Exercise

Description

This AI field captures whether the option holder may exercise his/her stock option using a cashless exercise. Cashless exercise is a method of payment whereby the option holder delivers instructions to a broker providing for the assignment to the grantor of the proceeds of a sale or loan with respect to the shares acquired upon exercise of the stock option.

Jurisdiction

  • Canada
  • United States (California, and Delaware)

Document Types

  • 91% Employment-Related Agt
  • 5% Governance Agt
  • 2% Other
  • 2% Business Transaction Agt

Tags

  • Option Agreements

Language

  • 100% English