Method of Exercise of Option Clause Example with 8 Variations from Business Contracts

Method of Exercise of Option. The Option shall be exercisable by the delivery to the Secretary of the Corporation (or such other person as the Administrator may require pursuant to such administrative exercise procedures as the Administrator may implement from time to time) of: • a written notice stating an executed Exercise Agreement (stating the number of shares of Common Stock to be purchased pursuant to the Option Option) in substantially the form attached hereto as Exhibit A or by the completion of such other administra...tive exercise procedures form as the Administrator may require from time to time, time (the "Exercise Agreement"); 1 • payment in full for the Exercise Price of the shares to be purchased purchased, in cash, check cash or by electronic funds transfer to the Corporation; Corporation, or by certified or cashier's check payable to the order of the Corporation subject to such specific procedures or directions as the Administrator may establish; • any written statements or agreements required pursuant to Section 8.1 7.5.1 of the Plan; and • satisfaction of the tax withholding provisions of Section 8.5 7.6 of the Plan. The Administrator also may, but is not required to, authorize a non-cash payment alternative by one or more of the following methods (subject in each case to compliance with all applicable laws, rules, regulations and listing requirements and further subject to such rules as the Administrator may adopt as to any such payment method): • notice and third party payment in such manner as may be authorized by the Administrator; • in shares of Common Stock already owned by the Grantee, Participant, valued at their fair market value (as determined under the Plan) Fair Market Value on the exercise date; and/or • a reduction in the number of shares of Common Stock otherwise deliverable to the Grantee (valued at their fair market value on the exercise date, as determined under the Plan) Participant pursuant to the exercise of the Option; Option (based on the Fair Market Value of such shares on the exercise date); and/or • if the Common Stock is then registered under the Exchange Act and listed or • quoted on a "cashless exercise" with recognized national securities exchange, irrevocable instructions to a third party who provides simultaneous financing for the purposes of (or who otherwise facilitates) the broker to, upon exercise of the Option. The Option, promptly sell a sufficient number of shares of Common Stock acquired upon exercise of the Option and deliver to the Corporation the amount necessary to pay the Exercise Price (and, if applicable, the amount of any related tax withholding obligations); and/or • a note meeting the requirements of Section 5.3.3 of the Plan (or, in the case of tax loans, Section 7.6 of the Plan). An Option will qualify as an ISO only if it meets all of the applicable requirements of the Code. The If the Option is designated as an ISO, the Option may be rendered a nonqualified stock option Nonqualified Stock Option if the Administrator permits the use of one or more of the non-cash payment alternatives referenced above. In addition, following the date on which the Corporation's Stock is first listed for trading on an established securities market, if during any part of the exercise period described above the exercise of this Option would be prohibited solely because the issuance of Shares upon such exercise would violate the registration requirements under the Securities Act or a similar provision of other applicable law, then instead of terminating at the end of such prescribed period, the then-vested portion of this Option will instead remain outstanding and not expire until the earlier of (i) the Expiration Date as set forth on the cover page of the Option Agreement or (ii) the date on which the then-vested portion of this Option has been exercisable without violation of applicable law for the aggregate period (which need not be consecutive) after termination of the Participant's service specified in Section 5.6 of the Plan. View More

Method of Exercise of Option. The Option shall be exercisable by the delivery to the Secretary of the Corporation (or such other person as the Administrator may require pursuant to such administrative exercise procedures as the Administrator may implement from time to time) of: • a written notice stating the number of shares of Common Stock to be purchased pursuant to the Option or by the completion of such other administrative exercise procedures as the Administrator may require from time to time, • payment in full for the ...Exercise Price of the shares to be purchased in cash, check or by electronic funds transfer to the Corporation; Corporation, or (subject to compliance with all applicable laws, rules, regulations and listing requirements and further subject to such rules as the Administrator may adopt as to any non-cash payment) in shares of Common Stock already owned by the Grantee, valued at their Fair Market Value on the exercise date; • any written statements or agreements required pursuant to Section 8.1 of the Plan; and • satisfaction of the tax withholding provisions of Section 8.5 of the Plan. The Administrator also may, but is not required to, authorize a non-cash payment alternative by one or more of the following methods (subject in each case to compliance with all applicable laws, rules, regulations and listing requirements and further subject to such rules as the Administrator may adopt as to any such payment method): • notice and third party payment in such manner as may be authorized by the Administrator; • Administrator. Grantees subject to taxation in shares Canada on employment income may not tender Common Stock nor shall Common Stock issuable to such Grantees be reduced by the Corporation to satisfy all or a portion of the Exercise Price of the Common Stock or required tax withholdings. Grantees subject to taxation in Canada on employment income hereby also waive all rights to pay any portion of the Exercise Price, or tax withholdings through the tender of Common Stock, where such Common Stock already owned has been held by the Grantee, valued at their fair market value (as determined under Grantee for less than two years from the Plan) on the exercise date; • a reduction in the number of shares of Common Stock otherwise deliverable to the Grantee (valued at their fair market value on the exercise date, as determined under the Plan) pursuant to the exercise of the Option; or • a "cashless exercise" with a third party who provides simultaneous financing for the purposes of (or who otherwise facilitates) the exercise of the Option. The Option will qualify as an ISO only if it meets all of the applicable requirements of the Code. The Option may be rendered a nonqualified stock option if the Administrator permits the use of one or more of the non-cash payment alternatives referenced above. date issuance. View More

Method of Exercise of Option. The Option shall be exercisable by the delivery to the Secretary of the Corporation (or such other person as the Administrator may require pursuant to such administrative exercise procedures as the Administrator may implement from time to time) of: • (a) a written notice stating the number of shares of Common Stock to be purchased pursuant to the Option or by the completion of such other administrative exercise procedures as the Administrator may require from time to time, • (b) payment in full ...for the Exercise Price of the shares to be purchased in cash, check or by electronic funds transfer to the Corporation; • (c) any written statements or agreements required pursuant to Section 8.1 of the Plan; and • (d) satisfaction of the tax withholding provisions of Section 8.5 of the Plan. 2 The Administrator also may, but is not required to, authorize a non-cash payment alternative by one or more of the following methods (subject in each case to compliance with all applicable laws, rules, regulations and listing requirements and further subject to such rules as the Administrator may adopt as to any such payment method): • methods: (a) notice and third party payment in such manner as may be authorized by the Administrator; • in shares of Common Stock already owned by Administrator, or (b) subject to such procedures as the Grantee, valued at their fair market value (as determined under the Plan) on the exercise date; • a reduction in the number of shares of Common Stock otherwise deliverable to the Grantee (valued at their fair market value on the exercise date, as determined under the Plan) pursuant to the exercise of the Option; or • Administrator may adopt, a "cashless exercise" with a third party who provides simultaneous financing for the purposes of (or who otherwise facilitates) the exercise of the Option. The Option will qualify Unless otherwise provided by the Administrator and in accordance with such procedures as the Administrator may impose, the Grantee may elect in connection with an ISO only if it meets all exercise of the applicable requirements Option (on his/her exercise notice to the Corporation (or its delegate)) to satisfy the Exercise Price of the Code. The Option may shares to be rendered a nonqualified stock option if purchased and/or the Administrator permits the use minimum amount of one or more any tax withholding obligations of the non-cash payment alternatives referenced above. Corporation or its Subsidiaries arising in connection with the exercise by a reduction in the number shares of Common Stock otherwise deliverable by the Corporation to the Grantee in connection with such exercise, in which case the number of shares withheld (or immediately reacquired in connection with such exercise, as the case may be) by the Corporation shall be the number of whole shares that have a fair market value as of the date of such exercise (with the "fair market value" of such shares determined in accordance with the applicable provisions of the Plan) necessary to satisfy such Exercise Price and/or withholding obligation, as applicable. View More

Method of Exercise of Option. The Option shall be exercisable by the delivery to the Secretary of the Corporation (or such other person as the Administrator may require pursuant to such administrative exercise procedures as the Administrator may implement from time to time) of: • (a) a written notice stating the number of shares of Common Stock to be purchased pursuant to the Option or by the completion of such other administrative exercise procedures as the Administrator may require from time to time, • (b) payment in full ...for the Exercise Price of the shares to be purchased in cash, check or by electronic funds transfer to the Corporation; • (c) any written statements or agreements required pursuant to Section 8.1 of the Plan; and • 2 (d) satisfaction of the tax withholding provisions of Section 8.5 of the Plan. The Administrator also may, but is not required to, authorize a non-cash payment alternative by one or more of the following methods (subject in each case to compliance with all applicable laws, rules, regulations and listing requirements and further subject to such rules as the Administrator may adopt as to any such payment method): • methods: (a) notice and third party payment in such manner as may be authorized by the Administrator; • in shares of Common Stock already owned by Administrator, or (b) subject to such procedures as the Grantee, valued at their fair market value (as determined under the Plan) on the exercise date; • a reduction in the number of shares of Common Stock otherwise deliverable to the Grantee (valued at their fair market value on the exercise date, as determined under the Plan) pursuant to the exercise of the Option; or • Administrator may adopt, a "cashless exercise" with a third party who provides simultaneous financing for the purposes of (or who otherwise facilitates) the exercise of the Option. The Option will qualify Unless otherwise provided by the Administrator and in accordance with such procedures as the Administrator may impose, the Grantee may elect in connection with an ISO only if it meets all exercise of the applicable requirements Option (on his/her exercise notice to the Corporation (or its delegate)) to satisfy the Exercise Price of the Code. The Option may shares to be rendered a nonqualified stock option if purchased and/or the Administrator permits the use minimum amount of one or more any tax withholding obligations of the non-cash payment alternatives referenced above. Corporation or its Subsidiaries arising in connection with the exercise by a reduction in the number shares of Common Stock otherwise deliverable by the Corporation to the Grantee in connection with such exercise, in which case the number of shares withheld (or immediately reacquired in connection with such exercise, as the case may be) by the Corporation shall be the number of whole shares that have a fair market value as of the date of such exercise (with the "fair market value" of such shares determined in accordance with the applicable provisions of the Plan) necessary to satisfy such Exercise Price and/or withholding obligation, as applicable. View More

Method of Exercise of Option. The Option shall be exercisable by the delivery to the Secretary of the Corporation (or such other person as the Administrator may require pursuant to such administrative exercise procedures as the Administrator may implement from time to time) of: • a 4 ·a written notice stating the number of shares of Common Stock to be purchased pursuant to the Option or by the completion of such other administrative exercise procedures as the Administrator may require from time to time, • payment time; ·paym...ent in full for the Exercise Price of the shares to be purchased in cash, check or by electronic funds transfer to the Corporation; • Corporation, or (subject to compliance with all applicable laws, rules, regulations and listing requirements and further subject to such rules as the Administrator may adopt as to any non-cash payment) in shares of Common Stock already owned by the Grantee, valued at their fair market value (as determined under the Plan) on the exercise date; ·any written statements or agreements required pursuant to Section 8.1 of the Plan; and • satisfaction ·satisfaction of the tax withholding provisions of Section 8.5 of the Plan. The Administrator also may, but is not required to, authorize a non-cash payment alternative by one or more of the following methods (subject in each case to compliance with all applicable laws, rules, regulations and listing requirements and further subject to such rules as the Administrator may adopt as to any such payment method): • notice and third party payment in such manner as may be authorized by the Administrator; • in shares of Common Stock already owned by the Grantee, valued at their fair market value (as determined under the Plan) on the exercise date; • a reduction in the number of shares of Common Stock otherwise deliverable to the Grantee (valued at their fair market value on the exercise date, as determined under the Plan) pursuant to the exercise terms of the Option; or • a "cashless exercise" with a third party who provides simultaneous financing for the purposes of (or who otherwise facilitates) the exercise of the Option. The Option will qualify as an ISO only if it meets all of the applicable requirements of the Code. The Option may be rendered a nonqualified stock option if the Administrator permits the use of one or more of the non-cash payment alternatives referenced above. Plan. View More

Method of Exercise of Option. The Option shall be exercisable by the delivery to the Secretary of the Corporation Company (or such other person as the Administrator may require pursuant to such administrative exercise procedures as the Administrator may implement from time to time) of: • ● a written notice stating the number of shares of Common Stock to be purchased pursuant to the Option or by the completion of such other administrative exercise procedures as the Administrator may require from time to time, • ● payment in f...ull for the Exercise Price of the shares to be purchased in cash, check or by electronic funds transfer to the Corporation; • Company, or (subject to compliance with all applicable laws, rules, regulations and listing requirements and further subject to such rules as the Administrator may adopt as to any non-cash payment) in shares of Common Stock already owned by the Director, valued at their Fair Market Value on the exercise date; ● any written statements or agreements required pursuant to Section 8.1 of the Plan; and • ● satisfaction of the tax withholding provisions of Section 8.5 of the Plan. The Administrator also may, but is not required to, authorize a non-cash payment alternative by one or more of the following methods (subject in each case to compliance with all applicable laws, rules, regulations and listing requirements and further subject to such rules as the Administrator may adopt as to any such payment method): • notice and third party payment in such manner as may be authorized by the Administrator; • in shares of Common Stock already owned by Administrator, or, subject to such procedures as the Grantee, valued at their fair market value (as determined under the Plan) on the exercise date; • a reduction in the number of shares of Common Stock otherwise deliverable to the Grantee (valued at their fair market value on the exercise date, as determined under the Plan) pursuant to the exercise of the Option; or • Administrator may adopt, authorize a "cashless exercise" with a third party who provides simultaneous financing for the purposes of (or who otherwise facilitates) the exercise of the Option. The Option will qualify as an ISO only if it meets all of the applicable requirements of the Code. The Option may be rendered a nonqualified stock option if the Administrator permits the use of one or more of the non-cash payment alternatives referenced above. View More

Method of Exercise of Option. The Option shall be exercisable by the delivery to the Secretary of the Corporation (or such other person as the Administrator may require pursuant to such administrative exercise procedures as the Administrator may implement from time to time) of: • a written notice stating the number of shares of Common Stock to be purchased pursuant to the Option or by the completion of such other administrative exercise procedures as the Administrator may require from time to time, • payment in full for the ...Exercise Price of the shares to be purchased in cash, check or by electronic funds transfer to the Corporation; Corporation, or (subject to compliance with all applicable laws, rules, regulations and listing requirements and further subject to such rules as the Administrator may adopt as to any non-cash payment) in shares of Common Stock already owned by the Grantee, valued at their Fair Market Value on the exercise date; • any written statements or agreements required pursuant to Section 8.1 of the Plan; and • satisfaction of the tax withholding provisions of Section 8.5 of the Plan. The Administrator also may, but is not required to, authorize a non-cash payment alternative by one or more of the following methods (subject in each case to compliance with all applicable laws, rules, regulations and listing requirements and further subject to such rules as the Administrator may adopt as to any such payment method): • notice and third party payment in such manner as may be authorized by the Administrator; • in shares of Common Stock already owned by the Grantee, valued at their fair market value (as determined under the Plan) on the exercise date; • a reduction in the number of shares of Common Stock otherwise deliverable to the Grantee (valued at their fair market value on the exercise date, as determined under the Plan) pursuant to the exercise of the Option; or • a "cashless exercise" with a third party who provides simultaneous financing for the purposes of (or who otherwise facilitates) the exercise of the Option. The Option will qualify as an ISO only if it meets all of the applicable requirements of the Code. The Option may be rendered a nonqualified stock option if the Administrator permits the use of one or more of the non-cash payment alternatives referenced above. Administrator. View More

Method of Exercise of Option. The Option shall be exercisable by the delivery to the Secretary of the Corporation (or such other person as the Administrator may require pursuant to such administrative exercise procedures as the Administrator may implement from time to time) of: • a written notice stating the number of shares of Common Stock to be purchased pursuant to the Option or by the completion of such other administrative exercise procedures as the Administrator may require from time to time, time; • payment in full fo...r the Exercise Price of the shares to be purchased in cash, check or by electronic funds transfer to the Corporation; • any written statements or agreements required pursuant to Section 8.1 of the Plan; and OMM_US:78538526.2 • satisfaction of the tax withholding provisions of Section 8.5 of the Plan. The Administrator also may, but is not required to, authorize a non-cash payment alternative by one or more of the following methods (subject in each case to compliance with all applicable laws, rules, regulations and listing requirements and further subject to such rules as the Administrator may adopt as to any such payment method): • notice and third party payment in such manner as may be authorized by the Administrator; • in shares of Common Stock already owned by the Grantee, Director, valued at their fair market value (as determined under the Plan) on the exercise date; • a reduction in the number of shares of Common Stock otherwise deliverable to the Grantee Director (valued at their fair market value on the exercise date, as determined under the Plan) pursuant to the exercise of the Option; or • a "cashless exercise" with a third party who provides simultaneous financing for the purposes of (or who otherwise facilitates) the exercise of the Option. The Option will qualify as an ISO only if it meets all of the applicable requirements of the Code. The Option may be rendered a nonqualified stock option if the Administrator permits the use of one or more of the non-cash payment alternatives referenced above. View More