In Tandem Definition | Law Insider

In Tandem definitionIn Tandem means that two Incentives are related to each other such that the number of shares subject to the first Incentive is reduced by the number of shares for which the second Incentive is exercised, and the number of shares subject to the second Incentive is reduced by the number of shares for which the first Incentive is exercised.View SourceBased on 3 documents3Draft with AISplit ViewAI-Powered Contracts

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Get StartedBook a DemoIn Tandem means that two Stock Options are related to each other such that, the number of shares subject to the first Stock Option is reduced by the number of shares for which the second Stock Option is exercised, and the number of shares subject to the second Stock Option is reduced by the number of shares for which the first Stock Option is exercised. As provided in Section 5.02 hereof, no Stock Options hereunder shall be issued In Tandem.View SourceBased on 1 documents1Draft with AI

Examples of In Tandem in a sentence

• In Tandem students will receive in-person instruction after a comprehensive safety plan is drafted.

Related to In Tandem

• Tandem or “Tandem Switch” means a physical or logical switching entity that has billing and recording capabilities and is used to connect and switch trunk circuits between and among End Office Switches and between and among End Office Switches and carriers’ aggregation points, points of termination, or points of presence, and to provide Switched Exchange Access Services.

• Local Tandem is any Local Only, Local/IntraLATA, Local/Access or Access Tandem Switch serving a particular local calling area.

• Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

• Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

• Free-Standing SAR means an SAR which is not granted in tandem with, or by reference to, an option, which entitles the holder thereof to receive, upon exercise, shares of Common Stock (which may be Restricted Stock) or, to the extent set forth in the applicable Agreement, cash or a combination thereof, with an aggregate value equal to the excess of the Fair Market Value of one share of Common Stock on the date of exercise over the base price of such SAR, multiplied by the number of such SARs which are exercised.

Related Definitions

• Tandem
• Local Tandem
• Non-Tandem Stock Appreciation Right
• Tandem Appreciation Right
• Free-Standing SAR