Штрафной опцион

English translation: breach option

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Russian term or phrase:Штрафной опцион
English translation:breach option
Entered by: Deliia

07:45 Jan 23, 2018
Russian to English translations [PRO]
Law/Patents - Investment / Securities
Russian term or phrase: Штрафной опцион
Коллеги, может быть кто-то из вас сталкивался с данным термином на английском языке?
Предположила, что это может быть «penalty-based stock option», но ничего подобного в англоязычных источниках не встречается.
Deliia
Russian Federation
Local time: 15:42
breach option
Explanation:
Суть Вы, наверное, уже поняли - право исполнения опциона наступает в случае нарушения одной из сторон своих обязательств (условий договора).

Можете использовать термин breach option.

См. примеры и ссылку ниже

COSAN FUNDAMENTAL BREACH OPTION
15.1 This Clause ‎15 applies if:
15.1.1 a Fundamental Breach has been committed by Shell (either as agreed between the Parties or as determined in accordance with Clause ‎14); and
15.1.2 Shell holds shares in any JV Entity.
15.2 Shell irrevocably grants to Cosan an option to buy, and to require Shell to sell, the Shell Interest, such option to be exercisable during the Cosan Fundamental Breach Option Exercise Period in accordance with this Clause ‎15.

Т.е. если Shell допускает существенное нарушение, она обязуется продать Cosan свою долю в их совместном СП.
По смыслу соответствует российскому значению штрафного опциона.
https://www.sec.gov/Archives/edgar/data/1402902/000095010311...

Вот другой пример с тем же значением

Breach Put Option: At any time following completion of the Transactions, in the event that any of the Joint Venture Parties breach a fundamental aspect of the Shareholders’ Agreement, any of the nonbreaching Joint Venture Parties shall be entitled to put their entire stake on the breaching Joint Venture Party;
http://www.jdplc.com/~/media/Files/J/Jd-Sports-Fashion-Plc/d...

Вот третий пример из закрытой базы

SECTION 11.01. Put/Call Option after Uncured Breach. If a Member breaches a material obligation under this Agreement and does not cure such breach within forty-five (45) days of written notice from the non-breaching Member, then the non-breaching Member may, in its sole discretion, exercise the following rights (in addition to any other rights and remedies under this Agreement, under applicable Law, or in equity that the non-breaching Member may have with regard to such breach):
(i) the non-breaching Member may elect to purchase all, but not less than all, of the Membership Units held by the breaching Member at a price corresponding to their Fair Market Value minus fifteen percent (15%) (“Breach Call Option”);

Но в целом, конечно, конструкция достаточно редкая, и требует описательного перевода, т.к. просто формулировка "breach option" в отрыве от любого контекста может иметь иное значение
Selected response from:

Vladimir Alekseev, MCIL
Grading comment
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4 KudoZ points were awarded for this answer



Summary of answers provided
4breach option
Vladimir Alekseev, MCIL
3 -1Stock Options Penalty
Vladyslav Golovaty


Discussion entries: 5





  

Answers


31 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
Stock Options Penalty


Explanation:
as displayed in the chart. If your company grants stock options incorrectly which creates a penalty under Section 409A, ... https://www.aprio.com/price-stock-options-avoid-irs-noncompl...
Options terms may also impose a waiting period before you can exercise and sell the stocks without penalty. Before purchasing and selling options, ... https://pocketsense.com/can-cash-employee-stock-options-3515...

Vladyslav Golovaty
Ukraine
Local time: 14:42
Native speaker of: Native in EnglishEnglish, Native in RussianRussian
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
disagree  The Misha: Try reading your own links carefully. There is nothing in them remotely related to a "stock options penalty," whatever that is.
4 hrs
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4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
breach option


Explanation:
Суть Вы, наверное, уже поняли - право исполнения опциона наступает в случае нарушения одной из сторон своих обязательств (условий договора).

Можете использовать термин breach option.

См. примеры и ссылку ниже

COSAN FUNDAMENTAL BREACH OPTION
15.1 This Clause ‎15 applies if:
15.1.1 a Fundamental Breach has been committed by Shell (either as agreed between the Parties or as determined in accordance with Clause ‎14); and
15.1.2 Shell holds shares in any JV Entity.
15.2 Shell irrevocably grants to Cosan an option to buy, and to require Shell to sell, the Shell Interest, such option to be exercisable during the Cosan Fundamental Breach Option Exercise Period in accordance with this Clause ‎15.

Т.е. если Shell допускает существенное нарушение, она обязуется продать Cosan свою долю в их совместном СП.
По смыслу соответствует российскому значению штрафного опциона.
https://www.sec.gov/Archives/edgar/data/1402902/000095010311...

Вот другой пример с тем же значением

Breach Put Option: At any time following completion of the Transactions, in the event that any of the Joint Venture Parties breach a fundamental aspect of the Shareholders’ Agreement, any of the nonbreaching Joint Venture Parties shall be entitled to put their entire stake on the breaching Joint Venture Party;
http://www.jdplc.com/~/media/Files/J/Jd-Sports-Fashion-Plc/d...

Вот третий пример из закрытой базы

SECTION 11.01. Put/Call Option after Uncured Breach. If a Member breaches a material obligation under this Agreement and does not cure such breach within forty-five (45) days of written notice from the non-breaching Member, then the non-breaching Member may, in its sole discretion, exercise the following rights (in addition to any other rights and remedies under this Agreement, under applicable Law, or in equity that the non-breaching Member may have with regard to such breach):
(i) the non-breaching Member may elect to purchase all, but not less than all, of the Membership Units held by the breaching Member at a price corresponding to their Fair Market Value minus fifteen percent (15%) (“Breach Call Option”);

Но в целом, конечно, конструкция достаточно редкая, и требует описательного перевода, т.к. просто формулировка "breach option" в отрыве от любого контекста может иметь иное значение

Vladimir Alekseev, MCIL
Specializes in field
Native speaker of: Native in RussianRussian
PRO pts in category: 8
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