Exercise of Option Clause Example with 204 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. (a) Right to Exercise. This Option shall be exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement. (b) Method of Exercise. This Option shall be exercisable by delivery of an exercise notice in the form attached as Exhibit A (the "Exercise Notice") or in a manner and pursuant to such procedures as the Administrator may determine, which shall state the election to exer...cise the Option, the number of Shares with respect to which the Option is being exercised (the "Exercised Shares"), and such other representations and agreements as may be required by the Company. The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares, together with any applicable tax withholding. This Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by payment of the aggregate Exercise Price, together with any applicable tax withholding. No Shares shall be issued pursuant to the exercise of an Option unless such issuance and such exercise comply with Applicable Laws. Assuming such compliance, for income tax purposes the Shares shall be considered transferred to Participant on the date on which the Option is exercised with respect to such Shares.View More
Variations of a "Exercise of Option" Clause from Business Contracts
Exercise of Option. (a) Right to Exercise. This Option shall may be exercisable exercised only within the term set forth in the Notice of Grant and may be exercised during its such term only in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant and with the applicable provisions of the Plan and the terms of this Option Award Agreement. (b) Method of Exercise. This Option shall be is exercisable by delivery of an exercise notice notice, in the form attached as Exhibit A (the "Exercise N...otice") or in a manner and pursuant to such procedures as the Administrator may determine, which shall will state the election to exercise the Option, the number of Shares with in respect to of which the Option is being exercised (the "Exercised Shares"), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice will be completed by Participant and delivered to the Company. The Exercise Notice shall will be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares, Shares together with any applicable tax withholding. Tax-Related Items (as defined below) required to be withheld, paid or provided pursuant to any Applicable Laws. This Option shall will be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by payment of the such aggregate Exercise Price, together with Price and any applicable tax withholding. No Shares shall other requirements or restrictions that may be issued pursuant imposed by the Company to the exercise of an Option unless such issuance and such exercise comply with Applicable Laws. Assuming Laws or facilitate administration of the Plan. Notwithstanding the above, Participant understands that the Applicable Laws of the country in which Participant is residing or working at the time of grant, vesting, and/or exercise of this Option (including any rules or regulations governing securities, foreign exchange, tax, labor or other matters) may restrict or prevent exercise of this Option, and neither the Company nor any Parent or Subsidiary assumes any liability in relation to this Option in such compliance, for income tax purposes the Shares shall be considered transferred to Participant on the date on which the Option is exercised with respect to such Shares. case. View More
Exercise of Option. (a) Right to Exercise. This Option shall be is exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement. Section 1. (b) Method of Exercise. This Option shall be is exercisable by delivery of an exercise notice notice, in the form attached as Exhibit A (the "Exercise Notice") or in a manner and pursuant to such procedures as the Administrator may determine, Notice"), whi...ch shall state the election to exercise the Option, the number of Shares with shares of Common Stock in respect to of which the Option is being exercised (the "Exercised Shares"), and such other representations and agreements as may be required by the Company. Company pursuant to the provisions of the Plan. The Exercise Notice shall be completed by you and delivered to the Corporate Secretary. The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price exercise price as to all Exercised Shares, together with any applicable tax withholding. Shares. This Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by payment such aggregate exercise price. No shares of the aggregate Exercise Price, together with any applicable tax withholding. No Shares Common Stock shall be issued pursuant to the exercise of an this Option unless such issuance and such exercise comply with Applicable Laws. applicable laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to Participant you on the date on which the Option is exercised with respect to such Exercised Shares. 1 4. Method of Payment. Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at your election: (a) cash; (b) check; (c) consideration received by the Company under a cashless exercise program implemented by the Company in connection with the Plan; or (d) surrender of other shares of Common Stock which (i) in the case of shares of Common Stock acquired upon exercise of an option, have been owned by you for more than six (6) months on the date of surrender, and (ii) have a fair market value on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares. View More
Exercise of Option. (a) 2.1 Right to Exercise. This Option shall be exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement. (b) In the event of termination of Optionee's Continuous Status as an Employee, Director or Consultant, this Option shall be exercisable in accordance with the applicable provisions of the Plan and this Option Agreement. This Option shall be subject to the provision...s of Section 18 of the Plan relating to the exercisability or termination of the Option in the event of a "corporate transaction." 2.2 Method of Exercise. This Option shall be exercisable only by delivery of an exercise notice in the form attached Exercise Notice (attached as Exhibit A (the "Exercise Notice") or in a manner and pursuant to such procedures as the Administrator may determine, A) which shall state the election to exercise the Option, the whole number of Shares with in respect to of which the Option is being exercised (the "Exercised Shares"), and exercised, such other representations and agreements as to the holder's investment intent with respect to such Shares and such other provisions as may be required by the Company. The Administrator. Such Exercise Notice shall be signed by the Optionee and shall be delivered in person or by certified mail to the Secretary of the Company accompanied by payment of the aggregate Exercise Price as to all Exercised Shares, together with any applicable tax withholding. This Price. The Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice written notice accompanied by payment of the aggregate Exercise Price, together with any applicable tax withholding. Price. No Shares shall will be issued pursuant to the exercise of an the Option unless such issuance and such exercise shall comply with all Applicable Laws. Assuming such compliance, for income tax purposes purposes, the Shares shall be considered transferred to Participant the Optionee on the date on which the Option is exercised with respect to such Shares. 2.3 Taxes. No Shares will be issued to the Optionee or other person pursuant to the exercise of the Option until the Optionee or other person has made arrangements acceptable to the Administrator for the satisfaction of foreign, federal, state and local income and employment tax withholding obligations. View More
Exercise of Option. (a) Right to Exercise. This Option shall may be exercisable during its exercised only within the term in accordance with the Vesting Schedule set out forth in the Notice of Stock Option Grant and may be exercised during such term only in accordance with the applicable provisions of the Plan and the terms of this Option Award Agreement. (b) Method of Exercise. This Option shall be is exercisable by delivery of an exercise notice notice, in the form attached as Exhibit A (the "Exercise Notice") No...tice"), or in a manner and pursuant to such other form and/or procedures as the Administrator may determine, which shall will state the election to exercise the Option, the number of Shares with in respect to of which the Option is being exercised (the "Exercised Shares"), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice will be completed by Participant and delivered to the Company. The Exercise Notice shall will be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares, Shares together with any applicable tax withholding. Tax-Related Items (as defined below) required to be withheld, paid or provided pursuant to any Applicable Laws. This Option shall will be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by payment of the such aggregate Exercise Price, together with Price and any applicable tax withholding. No Shares shall other requirements or restrictions that may be issued pursuant imposed by the Company to the exercise of an Option unless such issuance and such exercise comply with Applicable Laws. Assuming Laws or facilitate administration of the Plan. Notwithstanding the above, Participant understands that the Applicable Laws of the country in which Participant is residing or working at the time of grant, vesting, and/or exercise of this Option (including any rules or regulations governing securities, foreign exchange, tax, labor or other matters) may restrict or prevent exercise of this Option, and neither the Company nor any Affiliate assumes any liability in relation to this Option in such compliance, for income tax purposes the Shares shall be considered transferred to Participant on the date on which the Option is exercised with respect to such Shares. case. View More
Exercise of Option. (a) Right to Exercise. This The Option shall be exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant and with according to the applicable provisions of the Plan as follows: (i) Subject to subsections 2(a)(ii) and this 2(a)(iii) below, the Option shall be exercisable cumulatively according to the vesting schedule set forth in the Grant Notice. Alternatively, at the election of the Participant, the Option may be exercised in whole or in pa...rt at any time as to Shares that have not yet vested. Vested Shares shall not be subject to the Company's repurchase right (as set forth in the Restricted Share Purchase Agreement, in the form attached hereto as Exhibit D). (ii) As a condition to exercising the Option for unvested Shares, the Participant shall execute the Restricted Share Purchase Agreement. (iii) Notwithstanding the foregoing, the Option may not be exercised for a fraction of a Share. (b) Method of Exercise. This The Option shall be exercisable by delivery of an a written exercise notice in the form attached hereto as Exhibit A B (the "Exercise Notice") or in a manner and pursuant to such procedures as the Administrator may determine, which shall state the election to exercise the Option, the number of Shares with respect to which the Option is being exercised (the "Exercised Shares"), exercised, and such other representations and agreements as may be required by the Company. The Exercise Notice shall be signed by the Participant (or by the Participant's beneficiary or other person entitled under the Plan to exercise the Option in the event of the Participant's death) and shall be delivered in person or by certified mail to the Company. The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares, -2- Shares exercised together with any applicable tax withholding. This The Option shall be deemed to be exercised upon receipt as of the date (the "Exercise Date") (i) the Company receives (as determined by the Company of such Administrator in its sole, but reasonable, discretion) the fully executed Exercise Notice accompanied by payment of the aggregate Exercise Price, together with any applicable tax withholding. withholding, and (ii) all other applicable terms and conditions of the Option Agreement are satisfied. (c) Approval by Stockholders and Compliance Restrictions on Exercise. Any other provision of this Option Agreement to the contrary notwithstanding, no portion of the Option shall be exercisable at any time prior to the approval of the Plan by the Stockholders of the Company. No Shares shall be issued pursuant to the exercise of an Option Option, unless such the issuance and such exercise exercise, including the form of consideration used to pay the Exercise Price, comply with Applicable Laws. Assuming such compliance, Law. (d) Issuance of Shares. After receiving the Exercise Notice, the Company shall cause to be issued a certificate or certificates for income tax purposes the Shares shall be considered transferred as to Participant on the date on which the Option is exercised has been exercised, registered in the name of the person exercising this Option (or in the names of such person and his or her spouse as community property or as joint tenants with respect right of survivorship). The Company shall cause the certificate or certificates to such Shares. be deposited in escrow or delivered to or upon the order of the person exercising the Option. View More
Exercise of Option. (a) Right to Exercise. This The Option shall be is exercisable during its term in accordance with the Vesting Schedule set out forth in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement. In the event of Optionee's death, Disability, termination for Cause, or other cessation of Service, the exercisability of the Option is governed by the applicable provisions of the Plan, the Notice, and this Option Agreement. The Option may not be exercised... for a fraction of a Share. (b) Method of Exercise. This The Option shall be is exercisable by delivery of an exercise notice in a form specified by the form attached as Exhibit A Company (the "Exercise Notice") or in a manner and pursuant to such procedures as the Administrator may determine, Notice"), which shall will state the election to exercise the Option, the number of Shares with in respect to of which the Option is being exercised (the "Exercised Shares"), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice will be delivered in person, by mail, via electronic mail or facsimile or by other authorized method to the Secretary of the Company or other person designated by the Company. The Exercise Notice shall will be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares, Shares together with any applicable tax withholding. This Tax-Related Items (as defined in Section 8 below). The Option shall will be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by such aggregate Exercise Price and payment of the aggregate Exercise Price, together with any applicable tax withholding. Tax-Related Items. No Shares shall will be issued pursuant to the exercise of an the Option unless such issuance and such exercise comply complies with Applicable Laws. all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed. Assuming such compliance, for United States income tax purposes the Exercised Shares shall will be considered transferred to Participant Optionee on the date on which the Option is exercised with respect to such Exercised Shares. (c) Exercise by Another. If another person wants to exercise the Option after it has been transferred to him or her in compliance with this Option Agreement, that person must prove to the Company's satisfaction that he or she is entitled to exercise the Option. That person must also complete the proper Exercise Notice form (as described above) and pay the Exercise Price (as described below) and any applicable Tax-Related Items (as described below). View More
Exercise of Option. (a) Right to Exercise. This The Option shall be is exercisable during its term in accordance with the Vesting Schedule set out forth in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement. In the event of Participant's death, Disability, termination for Cause, or other cessation of Service, the exercisability of the Option is governed by the applicable provisions of the Plan, the Notice, and this Option Agreement. The Option may not be exerci...sed for a fraction of a Share. 2 (b) Method of Exercise. This The Option shall be is exercisable by delivery of an exercise notice in a form specified by the form attached as Exhibit A Company (the "Exercise Notice") or in a manner and pursuant to such procedures as the Administrator may determine, Notice"), which shall will state the election to exercise the Option, the number of Shares with in respect to of which the Option is being exercised (the "Exercised Shares"), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice will be delivered in person, by mail, via electronic mail or facsimile or by other authorized method to the Secretary of the Company or other person designated by the Company. The Exercise Notice shall will be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares, Shares together with any applicable tax withholding. This Tax-Related Items (as defined in Section 8 below). The Option shall will be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by such aggregate Exercise Price and payment of the aggregate Exercise Price, together with any applicable tax withholding. Tax-Related Items. No Shares shall will be issued pursuant to the exercise of an the Option unless such issuance and such exercise comply complies with Applicable Laws. all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed. Assuming such compliance, for United States income tax purposes the Exercised Shares shall will be considered transferred to Participant on the date on which the Option is exercised with respect to such Exercised Shares. (c) Exercise by Another. If another person wants to exercise the Option after it has been transferred to him or her in compliance with this Option Agreement, that person must prove to the Company's satisfaction that he or she is entitled to exercise the Option. That person must also complete the proper Exercise Notice form (as described above) and pay the Exercise Price (as described below) and any applicable Tax-Related Items (as described below). View More
Exercise of Option. (a) Right to Exercise. This The Option shall be is exercisable during its term in accordance with the Vesting Schedule set out forth in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement. In the event of Participant's death, Disability, termination for Cause, or other cessation of Service, the exercisability of the Option is governed by the applicable provisions of the Plan, the Notice, and this Option Agreement. The Option may not be exerci...sed for a fraction of a Share. (b) Method of Exercise. This The Option shall be is exercisable by delivery of an exercise notice in a form specified by the form attached as Exhibit A Company (the "Exercise Notice") or in a manner and pursuant to such procedures as the Administrator may determine, Notice"), which shall will state the election to exercise the Option, the number of Shares with in respect to of which the Option is being exercised (the "Exercised Shares"), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice will be delivered in person, by mail, via electronic mail or facsimile or by other authorized method to the Secretary of the Company or other person designated by the Company. The Exercise Notice shall will be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares, Shares together with any applicable tax withholding. This Tax-Related Items (as defined in Section 8 below). The Option shall will be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by such aggregate Exercise Price and payment of the aggregate Exercise Price, together with any applicable tax withholding. Tax-Related Items. No Shares shall will be issued pursuant to the exercise of an the Option unless such issuance and such exercise comply complies with Applicable Laws. all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed. Assuming such compliance, for United States income tax purposes the Exercised Shares shall will be considered transferred to Participant on the date on which the Option is exercised with respect to such Exercised Shares. 2 (c) Exercise by Another. If another person wants to exercise the Option after it has been transferred to him or her in compliance with this Option Agreement, that person must prove to the Company's satisfaction that he or she is entitled to exercise the Option. That person must also complete the proper Exercise Notice form (as described above) and pay the Exercise Price (as described below) and any applicable Tax-Related Items (as described below). View More
Exercise of Option. (a) Right to Exercise. This The Option shall be is exercisable during its term in accordance with the Vesting Schedule set out forth in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement. In the event of Participant's death, Disability, termination for Cause, or other cessation of Service, the exercisability of the Option is governed by the applicable provisions of the Plan, the Notice, and this Option Agreement. The Option may not be exerci...sed for a fraction of a Share. (b) Method of Exercise. This The Option shall be is exercisable by delivery of an exercise notice in a form specified by the form attached as Exhibit A Company (the "Exercise Notice") or in a manner and pursuant to such procedures as the Administrator may determine, Notice"), which shall will state the election to exercise the Option, the number of Shares with in respect to of which the Option is being exercised (the "Exercised Shares"), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice will be delivered in person, by mail, via electronic mail or facsimile or by other authorized method to the Secretary of the Company or other person designated by the Company. The Exercise Notice shall will be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares, Shares together with any applicable tax withholding. This Tax-Related Items (as defined in Section 8 below). The Option shall will be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by such aggregate Exercise Price and payment of the aggregate Exercise Price, together with any applicable tax withholding. Tax-Related Items. No Shares shall will be issued pursuant to the exercise of an the Option unless such issuance and such exercise comply complies with Applicable Laws. all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed. Assuming such compliance, for United States income tax purposes the Exercised Shares shall will be considered transferred to Participant on the date on which the Option is exercised with respect to such Exercised Shares. (c) Exercise by Another. If another person wants to exercise the Option after it has been transferred to him or her in compliance with this Option Agreement, that person must prove to the Company's satisfaction that he or she is entitled to exercise the Option. That person must also complete the proper Exercise Notice form (as described above) and pay the Exercise Price (as described below) and any applicable Tax-Related Items (as described below). View More
Exercise of Option. (a) Right to Exercise. This Option shall may be exercisable during its exercised only within the term in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant Grant, and may be exercised during such term only in accordance with the applicable provisions of the Plan and the terms of this Option Award Agreement. (b) Method of Exercise. This Option shall be is exercisable by delivery of an exercise notice notice, in the form attached as Exhibit A B (the "Exercise Notice")... or in a manner and pursuant to such procedures as the Administrator may determine, which shall will state the election to exercise the Option, the number of Shares with in respect to of which the Option is being exercised (the "Exercised Shares"), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice will be completed by Participant and delivered to the Company. The Exercise Notice shall will be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares, Shares together with any applicable tax withholding. This Option shall will be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by such aggregate Exercise Price. -3- 5. Method of Payment. Payment of the aggregate Exercise Price will be by any of the following, or a combination thereof, at the election of Participant. (a) cash; (b) check; (c) consideration received by the Company under a formal cashless exercise program adopted by the Company in connection with the Plan; (d) surrender of other Shares which have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares, provided that accepting such Shares, in the sole discretion of the Administrator, will not result in any adverse accounting consequences to the Company; and (e) At the discretion of the Administrator, by net exercise whereby the Option may be exercised in full or in part by surrendering a portion of the Shares subject to the Option as payment of the aggregate Exercise Price, together with any applicable tax withholding. No exercise price for the number of Shares subject to the Option to be exercised. The number of Shares subject to the Option to be surrendered in payment of the exercise price shall be issued pursuant determined by multiplying the number of Shares to be exercised by the per Share exercise price, and then dividing the product thereof by an amount equal to the exercise of an Option unless such issuance and such exercise comply with Applicable Laws. Assuming such compliance, for income tax purposes the Shares shall be considered transferred to Participant per Share Fair Market Value on the date on which the Option is exercised with respect to such Shares. of exercise. View More
