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 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 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 payment the aggregate Exercise Price. 5. Method of Payment. Payment of the aggregate Exercise Price, together 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 any applicable tax withholding. No the Plan; or (d) surrender of other 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 which have a Fair Market Value on the date on which of surrender equal to the Option is exercised with respect 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 such Shares. the Company. View More
Exercise of Option. (a) Right to Exercise. Exercise; No Fractional Shares. 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 Agreement. In the event of the Optionee's death, disability or other termination of the Optionee's Continuous Service as a Director, the exercisability of the Option is governed by the applicable provisions of the Plan and this Agreement. Fractional sha...re interests shall be disregarded, but may be cumulated. (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"), which shall 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 shall be signed by the Optionee and shall be delivered in person or by certified mail to the Secretary of 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. Shares. This Option shall 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 any applicable tax withholding. Price. No Shares shall be issued pursuant to the exercise of an this 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 income tax purposes the Exercised Shares shall be considered transferred to Participant the Optionee on the date on which the Option is exercised with respect to such Exercised Shares. 2 3. Method of Payment. Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee: (a) cash; (b) check; (c) delivery of a properly executed Exercise Notice together with irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds required to pay the exercise price; provided that the Board may from time to time limit the availability of any non-cash payment alternative; or (d) surrender of other Shares which (a) in the case of shares initially acquired from the Company (upon exercise of a stock option or otherwise), have been owned by the Optionee for such period (if any) as may be required to avoid a charge to the Company's earnings, , and (b) 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) Right (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 Agreement. (b) Method -18- (b)Method of Exercise. This Option shall be is exercisable by delivery of an exercise notice (the "Exercise Notice") in the form attached as E...xhibit A (the "Exercise Notice") B to the Notice of Grant 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, together with Shares and of any applicable tax withholding. Tax Obligations (as defined in Section 6(a)). 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 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. Price. 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 Agreement. (b) Method of Exercise. This Option shall be is 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 Company may determine, which shall may include (but is not limited to) by delivery of an exercise notice, in the form attached as Exhibit C (the "Exercise Notice"), which 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 and of any applicable tax withholding. Tax Obligations. 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 aggregate Exercise Price, together with any applicable tax withholding. No Price. This Option may not be exercised for a fraction of a Share and the Company will not issue fractional Shares shall be issued pursuant to the upon 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. this Option. 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. (b) Method of Exercise. This Option shall be is exercisable by (i) 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 Plan Administrator may determine, which shall will 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 accompanied by payment of Company and (ii) paying the Company in full the aggregate Exercise Price as to all Exercised Shares, Shares being acquired, together with any applicable tax withholding. This Option shall will be deemed to be exercised upon receipt by the Company of such a fully executed Exercise Notice accompanied by payment of the aggregate Exercise Price, together with any applicable tax withholding. 2021 Stock Option AgreementOption Number XXXXXX2 No Shares shall will be issued pursuant to the exercise of an Option unless such the issuance and such exercise comply of Shares complies with Applicable Laws. applicable state and federal laws ("Applicable Laws"). Assuming such compliance, for income tax purposes the Shares shall will be considered transferred to Participant the Optionee on the date on which the Option is exercised with respect to such the Shares. View More
Exercise of Option. (a) Right to Exercise. This The Option shall be exercisable exercisable, in whole or in part, during its term in accordance with the Vesting Exercisability Schedule set out forth in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this the Award Agreement. No Shares shall be issued pursuant to the exercise of the Option Agreement. unless the issuance and exercise comply with applicable laws. Assuming such compliance, for income tax purposes the Shares shall be ...considered transferred to the Grantee on the date on which the Option is exercised with respect to such Shares. Until such time as the Option has been duly exercised and Shares have been delivered, the Grantee shall not be entitled to exercise any voting rights with respect to such Shares, shall not be entitled to receive dividends or other distributions with respect thereto and shall not have any other rights of a stockholder with respect thereto. (b) Method of Exercise. This The Grantee may exercise the Option shall be exercisable by delivery of delivering an exercise notice in a form approved 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 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 accompanied by payment of the aggregate Exercise Option Price as to all Exercised Shares, together with any applicable tax withholding. This Shares exercised. The Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by payment the aggregate Option Price (as well as any applicable withholding or other taxes). (c) Acceleration of Exercisability under Certain Circumstances. The exercisability of the aggregate Exercise Price, together with Option shall not be accelerated under any applicable tax withholding. No Shares shall be issued pursuant to circumstances, except as otherwise provided in 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 Plan; provided, however, that the Option is exercised with respect to such Shares. shall become fully exercisable immediately prior to, and contingent upon, a Change in Control. View More
Exercise of Option. (a) Right to Exercise. This Option shall The Options 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 Agreement. (b) Method of Exercise. This Option shall be The Options are 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 applicable 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. Company pursuant to the provisions of the Plan. The Exercise Notice shall or other means of exercise permitted by the Administrator will be completed by Participant and delivered to the Company or its designee. Exercise of the applicable Option will be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares, Shares together with any Tax-Related Items (as described in Section 6(a) of this Agreement). The applicable tax withholding. This Option shall will be deemed to be exercised upon receipt by the Company or its designee of such fully executed Exercise Notice or other means of exercise accompanied by payment of the aggregate Exercise Price, together with any applicable tax withholding. No Price. Notwithstanding the foregoing, no Exercised Shares shall be issued pursuant unless such exercise and issuance complies with the requirements relating to the exercise administration of an Option unless such issuance stock option plans and such exercise comply with Applicable Laws. Assuming other applicable equity plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted, and the applicable laws of any foreign country or jurisdiction where stock grants or other applicable equity grants are made under the Plan; assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to Participant on the date on which the applicable Option is exercised with respect to such Exercised Shares. 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 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 C (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 -3- 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 described in Section 6(a)). 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 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. Price. View More
Exercise of Option. (a) Right (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 Agreement. (b) Method -42- (b)Method of Exercise. This Option shall be is exercisable by delivery of an exercise notice (the "Exercise Notice") in the form attached as E...xhibit A (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 and any applicable tax withholding. Tax Obligations (as defined in Section 6(a)). 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 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. Price. View More
