Method of Exercising Option. Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached hereto. Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the Option. Payment of the purchase price for such Shares shall be made in accordance with Paragraph 7 of the Plan. The Company shall deliver a certificate or certificat
...es representing such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or "blue sky" laws). The certificate or certificates for the Shares as to which the Option shall have been so exercised shall be registered in the Company's share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the name of the Participant and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 hereof, by any person other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.
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Method of Exercising Option.
Subject to the terms and conditions of this Agreement, the This Option may be exercised by written notice to the Company
at its principal executive office, or
its designee, in substantially to such transfer agent as the
form of Exhibit A attached hereto. Such Company may designate. The notice shall state the
election to exercise this Option and the number of
Option Shares
with respect to for which
the Option it is being exercised and shall be signed by the person
or persons so exercising
the thi...s Option. Payment Such notice shall be accompanied by payment of the purchase price full Option Exercise Price of such Option Shares. Prior to the issuance of any Option Shares or certificates representing such shares, the Optionee will make provisions satisfactory to the Company for such Shares shall be made in accordance with Paragraph 7 the withholding of the Plan. tax, as described under Section 9. The Company shall deliver a certificate or certificates representing such Shares shares as soon as practicable after the notice shall has be received, provided, however, that the Company may delay issuance of such Shares until completion of adjusted for any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or "blue sky" laws). The withholding. Such certificate or certificates for the Shares as to which the Option shall have been so exercised shall be registered in the Company's share register in the name of the person so exercising the this Option (or, if the this Option shall be exercised by the Participant Optionee and if the Participant Optionee shall so request in the notice exercising the this Option, shall be registered in the name of the Participant Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. survivorship). In the event the this Option shall be exercised, pursuant to Section 4 hereof, by any person or persons other than the Participant, Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise the this Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.
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Method of Exercising Option. Subject to the terms and conditions of this Agreement, the Option may be exercised by
written notice
in text form (sec. 126b of the German Civil Code) to the Company or its designee, in substantially the form of Exhibit A attached
hereto. hereto (or in such other form acceptable to the Company, which may include electronic notice) ("Notice of Exercise"). Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising t
...he Option. Option (which signature may be provided electronically in a form acceptable to the Company). Payment of the purchase price Exercise Price for such Shares shall be made in accordance with Paragraph 7 9 of the Plan. The Company shall deliver a certificate or certificates representing such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares (i) until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, foreign securities laws, United States state securities or "blue sky" laws). laws) and (ii) in order to minimize the cost and effort of the issuance and delivery of the Shares (e.g. by combining several deliveries of shares), but only for a reasonable time, which may not exceed a period of three months. The certificate or certificates for the Shares as to which the Option shall have been so exercised shall be registered in the Company's share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the name of the Participant and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 hereof, by any person other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.
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Method of Exercising Option. Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached
hereto. hereto (or in such other form acceptable to the Company, which may include electronic notice). Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the
Option. Option (which signature may be provided electronically in a fo...rm acceptable to the Company). Payment of the purchase price Exercise Price for such Shares and any tax withholding obligations arising in connection with an exercise of the Option shall be made (a) in United States dollars in cash or by check; or (b) at the discretion of the Administrator, through delivery of shares of Common Stock held for at least six months (if 4 required to avoid negative accounting treatment) having a Fair Market Value (as defined below) equal as of the date of the exercise to the aggregate cash exercise price (and related withholding obligations) for the number of Shares as to which the Option is being exercised; (c) at the discretion of the Administrator, by having the Company retain from the Shares otherwise issuable upon exercise of the Option, a number of Shares having a Fair Market Value equal as of the date of exercise to the aggregate exercise price for the number of Shares as to which the Option is being exercised (and related withholding obligations); or (d) in accordance with Paragraph 7 a cashless exercise program established at the discretion of the Plan. Company with a securities brokerage firm; or (e) at the discretion of the Administrator, by any combination of (a), (b), (c) and (d) above; or (f) at the discretion of the Administrator, by payment of such other lawful consideration as the Administrator may determine. The Company shall deliver a certificate or certificates representing such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, consent (which the Company will use commercially reasonable efforts to promptly obtain), which the Company reasonably deems necessary under any applicable law (including, without limitation, state securities or "blue sky" laws). The certificate or certificates for the Shares as to which the Option shall have been so exercised shall be registered in the Company's share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the Company's share register in the name of the Participant and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 5 hereof, by any person other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable. The Company will use commercially reasonable efforts to register, under the Securities Act of 1933, as amended, the offer and sale to the Participant of the Shares subject to the Option.
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Method of Exercising Option. Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached
hereto. hereto (or in such other form acceptable to the Company, which may include electronic notice). Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the
Option. Option (which signature may be provided electronically in a fo...rm acceptable to the Company). Payment of the purchase price Exercise Price for such Shares and any tax withholding obligations arising in connection with an exercise of the Option shall be made (a) in United States dollars in cash or by check; or (b) at the discretion of the Administrator, through delivery of shares of Common Stock held for at least six months (if required to avoid negative accounting treatment) having a Fair Market Value (as defined below) equal as of the date of the exercise to the aggregate cash exercise price (and related withholding obligations) for the number of Shares as to which the Option is being exercised; (c) at the discretion of the Administrator, by having the Company retain from the Shares otherwise issuable upon exercise of the Option, a number of Shares having a Fair Market Value equal as of the date of exercise to the aggregate exercise price for the number of Shares as to which the Option is being exercised (and related withholding obligations); or (d) in accordance with Paragraph 7 a cashless exercise program established at the discretion of the Plan. Company with a securities brokerage firm; or (e) at the discretion of the Administrator, by any combination of (a), (b), (c) and (d) above; or (f) at the discretion of the Administrator, by payment of such other lawful consideration as the Administrator may determine. The Company shall deliver a certificate or certificates representing such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, consent (which the Company will use commercially reasonable efforts to promptly obtain), which the Company 4 reasonably deems necessary under any applicable law (including, without limitation, state securities or "blue sky" laws). The certificate or certificates for the Shares as to which the Option shall have been so exercised shall be registered in the Company's share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the Company's share register in the name of the Participant and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 5 hereof, by any person other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable. The Company will use commercially reasonable efforts to register, under the Securities Act of 1933, as amended, the offer and sale to the Participant of the Shares subject to the Option.
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Method of Exercising Option. Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached hereto. Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the Option. Payment of the purchase price for such Shares shall be made in accordance with Paragraph 7 of the Plan. The Company shall deliver a certificate or certificat
...es representing such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or "blue sky" laws). The certificate or certificates for the Shares as to which the Option shall have been so exercised shall be registered in the Company's share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant Employee and if the Participant Employee shall so request in the notice exercising the Option, shall be registered in the name of the Participant Employee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 hereof, by any person other than the Participant, Employee, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable. 4 6. PARTIAL EXERCISE. Exercise of this Option to the extent above stated may be made in part at any time and from time to time within the above limits, except that no fractional share shall be issued pursuant to this Option. 5 7. NON-ASSIGNABILITY. The Option shall not be transferable by the Employee otherwise than by will or by the laws of descent and distribution. The Option shall be exercisable, during the Employee's lifetime, only by the Employee (or, in the event of legal incapacity or incompetency, by the Employee's guardian or representative) and shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge, hypothecation or other disposition of the Option or of any rights granted hereunder contrary to the provisions of this Section 7, or the levy of any attachment or similar process upon the Option shall be null and void.
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Method of Exercising Option. Subject to the terms and conditions of this Agreement,
the Option this option may be exercised by written notice to the
Company, at the principal executive office of the Company, or to such transfer agent as the Company
or its designee, in substantially the form of Exhibit A attached hereto. shall designate. Such notice shall state the
election to exercise this option and the number of Shares
with in respect
to of which
the Option it is being exercised and shall be signed by the person
or person...s so exercising this option. If the Option. Payment method of payment for the Shares is described in paragraph (i), (ii) or (iv) of Section 7, such notice shall be accompanied by payment of the full purchase price for of such Shares shall be made in accordance with Paragraph 7 of the Plan. Shares. The Company shall deliver a certificate or certificates representing such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or "blue sky" laws). received. The certificate or certificates for the Shares as to which the Option this option shall have been so exercised shall be registered in the Company's share register in the name of the person or persons so exercising the Option this option (or, if the Option this option shall be exercised by the Participant Employee and if the Participant Employee shall so request in the notice exercising the Option, this option, shall be registered in the name of the Participant Employee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising the Option. this option. In the event the Option this option shall be exercised, pursuant to Section 4 5 hereof, by any person or persons other than the Participant, Employee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise the Option. this option. All Shares that shall be purchased upon the exercise of the Option this option as provided herein shall be fully paid and nonassessable. non-assessable.
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Method of Exercising Option. Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached
hereto. hereto (or in such other form acceptable to the Company, which may include electronic 4 notice). Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the
Option. Option (which signature may be provided electronically in a ...form acceptable to the Company). Payment of the purchase price Exercise Price for such Shares shall be made (a) in United States dollars in cash or by check; or (b) at the discretion of the Administrator, through delivery of shares of Common Stock held for at least six months (if required to avoid negative accounting treatment) having a Fair Market Value equal as of the date of the exercise to the aggregate cash exercise price for the number of Shares as to which the Option is being exercised; or (c) at the discretion of the Administrator, by having the Company retain from the Shares otherwise issuable upon exercise of the Option, a number of Shares having a Fair Market Value equal as of the date of exercise to the aggregate exercise price for the number of Shares as to which the Option is being exercised; or (d) at the discretion of the Administrator, in accordance with Paragraph 7 a cashless exercise program established with a securities brokerage firm, and approved by the Administrator; or (e) at the discretion of the Plan. Administrator, by any combination of (a), (b), (c) and (d) above; or (f) at the discretion of the Administrator, by payment of such other lawful consideration as the Administrator may determine. The Company shall deliver a certificate or certificates representing such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or "blue sky" laws). The certificate or certificates for the Shares as to which the Option shall have been so exercised shall be registered in the Company's share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the Company's share register in the name of the Participant and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 5 hereof, by any person other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.
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Method of Exercising Option. Subject to the terms and conditions of this
Agreement, the Option agreement, this option may be exercised by written notice to the Company
at its principal executive office, or
its designee, in substantially to such transfer agent as the
form of Exhibit A attached hereto. Company shall designate. Such notice shall state the
election to exercise this option and the number of Shares
with respect to for which
the Option it is being exercised and shall be signed by the person
or persons so exercisin
...g the Option. Payment this option. Such notice shall be accompanied by payment of the purchase full exercise price for of such Shares shall be made in accordance with Paragraph 7 of Shares, and the Plan. The Company shall deliver a certificate or certificates representing such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or "blue sky" laws). The received. Such certificate or certificates for the Shares as to which the Option shall have been so exercised shall be registered in the Company's share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the name of the Participant person or persons so exercising this option (or, if this option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this option, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. survivorship). In the event the Option this option shall be exercised, pursuant to Section 4 5 hereof, by any person or persons other than the Participant, Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable. this option.
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Method of Exercising Option. Subject to the terms and conditions of this
Agreement, the agreement, this Option may be exercised by written notice to the Company
at its principal executive office, or
its designee, in substantially to such transfer agent as the
form of Exhibit A attached hereto. Company shall designate. Such notice shall state the
election to exercise this Option and the number of Shares
with respect to for which
the Option it is being exercised and shall be signed by the person
or persons so exercising
the t...his Option. Payment Such notice shall be accompanied by payment of the purchase price for Exercise Price of such Shares shall be made in accordance with Paragraph 7 of shares, and the Plan. The Company shall deliver a certificate or certificates representing such Shares shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or "blue sky" laws). The received. Such certificate or certificates for the Shares as to which the Option shall have been so exercised shall be registered in the Company's share register in the name of the person or persons so exercising the this Option (or, if the this Option shall be exercised by the Participant Optionee and if the Participant Optionee shall so request in the notice exercising the this Option, shall be registered in the name of the Participant Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. survivorship). In the event the this Option shall be exercised, pursuant to Section 4 5 hereof, by any person or persons other than the Participant, Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise the this Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.
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Method of Exercising Option. Subject to the terms and conditions of this
Agreement, the Option agreement, this option may be exercised by written notice to the Company
at its principal executive office, or
its designee, in substantially to such transfer agent as the
form of Exhibit A attached hereto. Company shall designate. Such notice shall state the
election to exercise this option and the number of Shares
with respect to for which
the Option it is being exercised and shall be signed by the person
or persons so exercisin
...g the Option. Payment this option. Such notice shall be accompanied by payment of the full purchase price for of such Shares shall be made in accordance with Paragraph 7 of shares, and the Plan. The Company shall deliver a certificate or certificates representing such Shares shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or "blue sky" laws). The received. Such certificate or certificates for the Shares as to which the Option shall have been so exercised shall be registered in the Company's share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the name of the Participant person or persons so exercising this option (or, if this option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this option, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. survivorship). In the event the Option this option shall be exercised, pursuant to Section 4 5 hereof, by any person or persons other than the Participant, Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable. this option.
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