Method of Exercising Option Clause Example from Business Contracts

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this Stock Option may be exercised by written notice to the Company at its principal executive office. Such notice shall state the election to exercise this Stock Option and the number of Option Shares for which it is being exercised and shall be signed by the person or persons so exercising this Stock Option. Such notice shall be accompanied by payment of the full purchase price of such shares, in cash or check, and the Company shall delive...r a certificate or certificates representing such shares as soon as practicable after the notice shall be received. Such certificate or certificates shall be registered in the name of the person or persons so exercising this Stock Option (or if this Stock Option shall be exercised by the Employee and if the Employee shall so request in the notice exercising this Stock Option, shall be registered in the name of the Employee and another person jointly, with right of survivorship). In the event this option shall be exercised, pursuant to Section 5 hereof, by any person or persons other than the Employee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this Stock Option. View More