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 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. This Option may not be exercised f...or a fraction of a Share. (b) Method of Exercise. This 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. Tax-Related Items (as defined in Section 8 below). 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 and payment of the aggregate Exercise Price, together with any applicable tax withholding. Tax-Related Items (as defined below). No Shares shall will 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 and any exchange control registrations. 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 this 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 this Option. That person also must 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 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 Vesting Schedule may change pr...ospectively in the event that Participant's service status changes between full and part time status in accordance with Company policies relating to work schedules and vesting of awards. This Option may not be exercised for a fraction of a Share. (b) Method of Exercise. This 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. Tax-Related Items (as defined in Section 8 below). 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 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 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 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 this Option after it has been transferred to him or her, that person must prove to the Company's satisfaction that he or she is entitled to exercise this 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 withholding due upon exercise of the Option (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 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 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 -3- 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 exercisable during prior to its term Expiration Date 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, provided that the Company may, in its sole discretion, permit early exercise of the Option upon such terms and conditions as the Administrator specifies. The Option shall be subject to such contingencies of accelerated vesting as may be provided... in the Plan (including upon a Change of Control) or in Optionee's Service Agreement. In addition to the foregoing, the unvested Options granted pursuant to this Option Agreement and any unvested shares acquired through early exercise of this Option Agreement shall be subject to automatic acceleration immediately prior to the consummation of an initial public offering of the securities issued by the Company pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission. Subject to any exercise limitations in the Plan, Optionee shall not forfeit any vested Options hereunder upon termination of his or her Service 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, 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"), the aggregate Exercise Price for the Exercised Shares, and such other representations and agreements as may be required by the Company. The Option shall be deemed to be exercised only when the Company receives the properly completed and signed Exercise Notice shall be accompanied by payment of (i) the aggregate Exercise Price as to all Exercised Shares, together with any applicable tax withholding. This Option shall be deemed Shares and (ii) full payment of all taxes, if any, required to be exercised upon receipt by withheld in connection with the Company of such fully executed Exercise Notice accompanied by payment exercise of the aggregate Exercise Price, together with any applicable tax withholding. Option. No Shares shall be issued pursuant to this Option unless the exercise of an Option unless and such issuance and such exercise comply with Applicable Laws. applicable laws. Assuming such compliance, for income tax purposes the Shares shall be considered transferred to Participant the Optionee on the date on which the Option is properly exercised with respect to such Shares. View More
Exercise of Option. (a) Right to Exercise. This Option shall be is exercisable during its term in accordance with the Vesting Exercise Schedule set out in the Notice of Stock Grant (I, preceding) and the applicable provisions of the Plan and this Option Grant and with Agreement. In the event of Optionee's death, disability or other termination of Optionee's employment relationship, the exercisability of the Option is governed by the applicable provisions of the Plan and 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 (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"), and such other representations and agreements (such as a stock restriction agreement) as may be required by the Company. Company pursuant to the provisions of the Plan. The Exercise Notice and any other required agreements shall be accompanied signed by payment the Optionee and shall be delivered in person or by certified mail to the Stock Administrator of the aggregate Exercise Price as to all Exercised Shares, together with any applicable tax withholding. Company. This Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice and any other required agreements accompanied by payment of the such aggregate Exercise Price, together with any applicable tax withholding. Price (see 3. Method of Payment, below). 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 U.S. Federal 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. 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 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. This Option may not be exercised f...or a fraction of a Share. (b) Method of Exercise. This 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. Tax-Related Items (as defined in Section 8 below). 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 and payment of the aggregate Exercise Price, together with any applicable tax withholding. Tax-Related Items (as defined below). No Shares shall will 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 and any exchange control registrations. 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 this 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 this 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 forth 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. -3- (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 "Exercis...e 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. Tax-Related Items (as defined below) required to be withheld by 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 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 and any exchange control requirements. 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 Option shall be exercisable exercisable, in whole or in part, 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. No Shares shall be issued pursuant to the exercise of an Option unless the issuance and exercise comply with applicable laws. Assuming such compliance, for income tax purposes the Shares shall be considered transferred to the Optionee o...n the date on which the Option is exercised with respect to such Shares. The Committee may, in its discretion, (i) accelerate vesting of the Option, or (ii) extend the applicable exercise period to the extent permitted under Section 6.03 of the Plan. (b) Method of Exercise. This The Optionee 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, 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 Price as to all Exercised Shares, together with any applicable tax withholding. Shares exercised. 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 Price. (c) Acceleration of Vesting on Change in Control. Unless otherwise specified in the Notice of Grant, in the event of a Change in Control, no accelerated vesting of 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 Options outstanding on the date on which of such Change in Control shall occur. 2 3. Method of Payment. If the Optionee elects to exercise the Option is exercised by submitting an Exercise Notice under Section 2(b) of this Agreement, the aggregate Exercise Price (as well as any applicable withholding or other taxes) shall be paid by cash or check; provided, however, that the Committee may consent, in its discretion, to payment in any of the following forms, or a combination of them: (a) cash or check; (b) a "net exercise" (as described in the Plan or such other consideration received by the Company under a cashless exercise program approved by the Company in connection with respect the Plan; (c) surrender of other Shares owned by the Optionee which have a Fair Market Value on the date of surrender equal to such Shares. the aggregate Exercise Price of the Exercised Shares and any applicable withholding; or (d) any other consideration that the Committee deems appropriate and in compliance with applicable law. View More
Exercise of Option. (a) Right to Exercise. This If permitted by Applicable Law, 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 in the form attached as Exhibi...t 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. The Exercise Notice shall be accompanied by payment Company pursuant to the provisions of the aggregate Exercise Price as to all Exercised Shares, together with any applicable tax withholding. Plan. 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 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
