Exercise of Option Clause Example with 7 Variations from Business Contracts
This page contains Exercise of Option clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Exercise of Option. Unless a participant withdraws from the Plan as provided in Section 10 hereof, his or her option for the purchase of shares of Common Stock shall be exercised automatically on the Exercise Date, and the maximum number of full shares of Common Stock subject to option shall be purchased for such participant at the applicable Purchase Price with the accumulated payroll deductions in his or her account. No fractional shares shall be purchased; any payroll deductions accumulated in a participant's ac...count which are not sufficient to purchase a full share shall be retained in the participant's account for the subsequent Purchase Period or Offering Period, subject to earlier withdrawal by the participant as provided in Section 10 hereof. Any other monies left over in a participant's account after the Exercise Date shall be returned to the participant. During a participant's lifetime, a participant's option to purchase shares hereunder is exercisable only by him or her.View More
Variations of a "Exercise of Option" Clause from Business Contracts
Exercise of Option. Unless a participant the Participant withdraws from the Plan as provided in Section 10 hereof, his or her 11, the Participant's option for the purchase of shares of Common Stock shall will be exercised automatically on the each Exercise Date, and the maximum number of full shares of Common Stock subject to such option shall be purchased for such participant the Participant at the applicable Purchase Exercise Price with the accumulated payroll deductions in his or her account. No fractional share...s shall be purchased; any payroll deductions accumulated in a participant's account which are not sufficient to purchase a full share shall be retained in the participant's account for the subsequent Purchase Period or Offering Period, subject to earlier withdrawal by the participant as provided in Section 10 hereof. Any other monies left over in a participant's account after the Exercise Date shall be returned Plan Contributions then credited to the participant. Participant's account under the Plan. During a participant's Participant's lifetime, a participant's Participant's option to purchase shares hereunder is exercisable only by him or her. the Participant. View More
Exercise of Option. Unless a participant withdraws from the Plan as provided in Section 10 hereof, his or her (a) Automatic Exercise. A Participant's option for the purchase of shares of Common Stock shall be exercised automatically on the each Exercise Date, and the maximum number of full shares of Common Stock subject to the option shall be purchased for such participant the Participant at the applicable Purchase Exercise Price with the accumulated payroll deductions in his or her account. No fractional shares sh...all be purchased; any payroll deductions accumulated in a participant's account which are not sufficient to purchase a full share shall be retained in the participant's account for the subsequent Purchase Period or Offering Period, subject to earlier withdrawal by the participant as provided in Section 10 hereof. Any other monies left over in a participant's account after the Exercise Date shall be returned Plan Contributions then credited to the participant. Participant's account under the Plan. During a participant's Participant's lifetime, a participant's Participant's option to purchase shares hereunder is exercisable only by him the Participant. (b) Carryover of Excess Contributions. Any amount remaining to the credit of a Participant's account after the purchase of shares by the Participant on an Exercise Date, or her. which is insufficient to purchase a full share of Common Stock, shall remain in the Participant's account, and be carried over to the next Offering Period, unless the Participant withdraws from participation in the Plan or elects to withdraw his or her account balance in accordance with Section 10(c). View More
Exercise of Option. Unless a participant Participant withdraws from the Plan as provided in Section 10 hereof, his or her option 10, the Participant's Option for the purchase of shares of Common Stock shall will be exercised automatically on the each Exercise Date, and the maximum number of full shares of Common Stock subject to option shall be purchased for such participant at the applicable Purchase Price with by applying the accumulated payroll deductions in his or her account. the Participant's account to purch...ase the number of full shares subject to the Option by dividing such Participant's payroll deductions accumulated prior to such Exercise Date and retained in the Participant's account as of the Exercise Date by the applicable Purchase Price. No fractional shares shall will be purchased; any payroll deductions accumulated in a participant's Participant's account which are not sufficient to purchase a full share shall will be retained in carried over to the participant's account for the subsequent next Purchase Period or Offering Offer Period, subject whichever applies, or returned to earlier withdrawal by the participant as provided in Section 10 hereof. Any other monies left over Participant, if the Participant withdraws from the Plan. In addition, any amount remaining in a participant's Participant's account after following the purchase of shares on the Exercise Date shall due to the application of Section 423(b)(8) of the Code, or Sections 3 or 7, will be returned to the participant. Participant and will not be carried over to the next Offer Period or Purchase Period. During a participant's Participant's lifetime, a participant's option Participant's Option to purchase shares hereunder is exercisable only by him or her. the Participant. View More
Exercise of Option. Unless a participant withdraws from the Plan as provided in Section 10 hereof, his or her option A Participant's Option for the purchase of shares of Common Stock Shares shall be exercised automatically on the Exercise Date, and the maximum number of full shares of Common Stock Shares subject to option the Option shall be purchased for such participant Participant at the applicable Purchase Price with the accumulated payroll deductions in his or her account. Purchase Account. No fractional share...s Shares shall be purchased; any payroll deductions accumulated in a participant's account Participant's Purchase Account which are not sufficient to purchase a full share Share shall be retained in the participant's account Purchase Account for the next subsequent Purchase Period or Offering Period, subject to earlier withdrawal by the participant Participant as provided in Section 10 12 hereof. Any All other monies left over payroll deductions accumulated in a participant's account after the Participant's Purchase Account and not used to purchase Shares on an Exercise Date shall be returned distributed to the participant. Participant. During a participant's Participant's lifetime, a participant's option to purchase shares hereunder Participant's Option is exercisable only by him or her. The Company shall satisfy the exercise of all Participants' Options for the purchase of Shares through (a) the issuance of authorized but unissued Shares, (b) the transfer of treasury Shares, (c) the purchase of Shares on behalf of the applicable Participants on the open market through an independent broker and/or (d) a combination of the foregoing. View More
Exercise of Option. Unless a participant Participant withdraws from the Plan as provided in Section 10 hereof, his or her option 10, the Participant's Option for the purchase of shares of Common Stock shall will be exercised automatically on the each Exercise Date, and the maximum number of full shares of Common Stock subject to option shall be purchased for such participant at the applicable Purchase Price with by applying the accumulated payroll deductions in his or her account. the Participant's account to purch...ase the number of full shares subject to the Option by dividing such Participant's payroll deductions accumulated prior to such Exercise Date and retained in the Participant's account as of the Exercise Date by the applicable Purchase Price. No fractional shares shall will be purchased; any payroll deductions accumulated in a participant's Participant's account which are not sufficient to purchase a full share shall be retained in carried over to the participant's account for the subsequent next Purchase Period or Offering Offer Period, subject whichever applies, or returned to earlier withdrawal by the participant as provided in Section 10 hereof. Any other monies left over Participant, if the Participant withdraws from the Plan. In addition, any amount remaining in a participant's Participant's account after following the purchase of shares on the Exercise Date due to the application of Section 423(b)(8) of the Code or Section 7, shall be returned to the participant. Participant and shall not be carried over to the next Offer Period or Purchase Period. During a participant's Participant's lifetime, a participant's option Participant's Option to purchase shares hereunder is exercisable only by him or her. the Participant. View More
Exercise of Option. (a) Unless a participant withdraws from the Plan participant's participation is terminated as provided in Section 10 hereof, 10, his or her option for the purchase of shares of Common Stock shall Shares will be exercised automatically on the Exercise Date, applicable Purchase Date of an Offering Period, and the maximum number of full shares of Common Stock Shares subject to the option shall will be purchased for such participant at the applicable Purchase Price with the accumulated payroll deduc...tions Contributions in his or her account. account (subject to such limitations as are specified in the Plan). The Shares purchased upon exercise of an option hereunder shall be deemed to be transferred to the participant on the Purchase Date. During his or her lifetime, a participant's option to purchase Shares hereunder is exercisable only by him or her. (b) No fractional shares Shares shall be purchased; any purchased. Any payroll deductions or other payments accumulated in a participant's account which are not sufficient to purchase a full share Share shall be retained in the participant's account for the subsequent Purchase Period or Offering Period, subject to earlier withdrawal by the participant or termination of such participant's participation as provided in Section 10 hereof. below. Any other monies amounts left over in a participant's account after the Exercise a Purchase Date shall be returned to the participant. During a participant's lifetime, a participant's option to purchase shares hereunder is exercisable only by him or her.View More
Exercise of Option. Unless a participant withdraws from the Plan as provided in Section 10 hereof, 10, his or her option for the purchase of shares of Common Stock shall Shares will be exercised automatically on the Exercise Date, each Purchase Date of a Purchase Period, and the maximum number of full shares of Common Stock Shares subject to the option shall will be purchased for such participant at the applicable Purchase Price with the accumulated payroll deductions Contributions in his or her account. No fractio...nal shares Shares shall be purchased; any sold or issued pursuant to the Plan. Any payroll deductions accumulated in a participant's account which that are not sufficient to purchase a full share Share shall be retained in the participant's account for the subsequent Purchase Period or Offering Period, subject to earlier withdrawal by the participant as provided in Section 10. hereof. Any other monies amounts left over in a participant's account after the Exercise a Purchase Date shall be returned to the participant. The Shares purchased upon exercise of an option hereunder shall be deemed to be transferred to the participant on the Purchase Date. During a participant's his or her lifetime, a participant's option to purchase shares Shares hereunder is exercisable only by him or her. View More
