Define: Cashless Exercise

What does "Cashless Exercise" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.

Definition 1 (CVS HEALTH Corp, seen in 1 filing)

Cashless Exercise means the Company's cashless or same-day sale exercise procedures.

Source: CVS HEALTH Corp 10-K

Definition 2 (CISCO SYSTEMS, INC., seen in 1 filing)

Cashless Exercise means a program approved by the Committee in which payment of the Option Exercise Price may be made all or in part by delivery 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 any required withholding taxes.

Source: CISCO SYSTEMS, INC. 10-K

Data extracted from 2 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 2
Companies: 2
Keywords:
Cashless Exercisedefinitioncontract languagelegal termSEC filing

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