Define: Re-Price
What does "Re-Price" mean? The meaning differs based on the contract. We found 3 definitions across 1 company in SEC filings.
Definition 1 (CISCO SYSTEMS, INC., seen in 1 filing)
Re-Price means that the Company has (i) lowered or reduced the Exercise Price of outstanding Options and or outstanding SARs for any Participant(s), whether through amendment, cancellation, or replacement grants, or any other means, or (ii) repurchased for cash outstanding Options and or outstanding SARs when the Exercise Price is greater than the Fair Market Value of the underlying Shares.
Source: CISCO SYSTEMS, INC. 10-Q
Definition 2 (CISCO SYSTEMS, INC., seen in 1 filing)
Re-Price means that the Company has (i) lowered or reduced the Exercise Price of outstanding Options and or outstanding SARs for any Participant(s), whether through amendment, cancellation, or replacement grants, or any other means, (ii) repurchased for cash outstanding Options and or outstanding SARs when the Exercise Price is greater than the Fair Market Value of the underlying Shares, or (iii) any other action that is treated as a repricing under generally accepted accounting principles.
Source: CISCO SYSTEMS, INC. 10-Q
Definition 3 (CISCO SYSTEMS, INC., seen in 1 filing)
Re-Price means any of the following or any other action that has the same effect: (i) lowering the Exercise Price of an Option after it is granted; (ii) any other action that is treated as a repricing under generally accepted accounting principles; or (iii) canceling an Option at a time when its Exercise Price exceeds the Fair Market Value of the underlying Common Stock, in exchange for another Option, Restricted Stock, other Award or cash or other property.
Source: CISCO SYSTEMS, INC. 10-K
Data extracted from 8 SEC EDGAR filings across 1 company. 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.