Form of Letter to Exercise Nonqualified Stock Option

Contract Categories: Business Finance › Equity Distribution Agreements
Summary

This document is a template letter for employees or option holders to exercise their nonqualified stock options under a Stock Option Agreement. The individual specifies the number of shares to acquire, the exercise price, and the method of payment (cash, stock, broker sale, or share withholding). The letter also requests issuance of a stock certificate in the individual's name. The parties involved are the option holder and the issuing company. The letter must be completed, signed, and submitted to the company to formally exercise the stock option rights.

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EX-10.2 4 d71073_ex10-2.htm FORM OF INCENTIVE STOCK OPTION NOTICE

 

Exhibit 10.2

 

EXHIBIT A

 

Form of Letter to be Used to Exercise Nonqualified Stock Option

 

Date

 

 

 

 

 

 

 

Attention:                                               

 

I wish to exercise the stock option granted on                         and evidenced by a Stock Option Agreement dated as of                        , to acquire                         shares of Common Stock of                        , at an option price of $                per share. In accordance with the provisions of paragraph 1 of the Stock Option Agreement, I wish to make payment of the exercise price (please check all that apply):

:o

in cash

:o

by delivery of shares of Common Stock held by me

:o

by simultaneous sale through a broker of Option Shares

:o

by authorizing the Company to withhold Option Shares

 

Please issue a certificate for these shares in the following name:

 

 

Name

 

 

 

Address

 

 

 

 

 

Very truly yours,

 

 

 

Signature

 

 

 

Typed or Printed Name

 

 

 

Social Security Number