This excerpt taken from the VRSN 10-K filed Mar 13, 2006.
SETTLEMENT TERMS:
Physical Settlement:
Applicable. On the Settlement Date, if the Settlement Amount (as defined above) is greater than zero, then Seller shall make a cash payment to
Buyer in an amount equal to the Settlement Amount; provided, however, that Buyer may deliver to Seller a notice by no later than 4:00p.m. on the Exchange Business Day immediately preceding the Settlement Date electing for Seller to deliver the
requisite number of Refund Shares (as defined below) in lieu of
Reference Number CCEGK5-1/
Account Number: 3315851
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payment of the Settlement Amount. The delivery of any Refund Shares shall be effected in accordance with Delivery of Refund Shares
below.
On the Settlement Date, if the Settlement Amount is less than zero, then Buyer shall make a cash payment to Seller in an amount equal to the
absolute value of the Settlement Amount; provided, however, that Buyer may deliver to Seller a notice by no later than 4:00p.m. on the Exchange Business Day immediately preceding the Settlement Date electing to deliver the requisite number of
Payment Shares (as defined below) in lieu of payment of the Settlement Amount. The delivery of any Refund Shares shall be effected in accordance with Delivery of Payment Shares below.
If Seller suspends the Calculation Period, the suspension shall be treated as a Potential Adjustment Event subject to Calculation Agent
Adjustment. In the case of a suspension pursuant to Section 9, the Calculation Agent shall make such adjustments prior to the period of suspension, if it is practical to do so. Otherwise, and in all cases of a suspension as contemplated under
Market Disruption Event above, the Calculation Agent shall make such adjustments promptly following the period of suspension.
Settlement Currency:
USD
Settlement Date:
Three Exchange Business Days after the Valuation Date, or if such date is not a Clearance System Business Day or if there is a Settlement
Disruption Event on such day, the immediately succeeding Clearance System Business Day on which there is no Settlement Disruption Event.
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