Methods of Option Exercise Contract Clauses (19)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Methods of Option Exercise clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Methods of Option Exercise. The Option may be exercised in whole or in part as to any Shares that have matured by filing prior to the Expiration Date a written notice of exercise with the Secretary of the Parent at its corporate headquarters. Such notice shall specify the number of Shares which the Participant elects to purchase and shall be accompanied by either of the following: a.a bank-certified check payable to the Parent (or other type of check or draft payable to the Parent and acceptable to the Secretary) in the am...ount of the Exercise Price for the Shares being exercised plus any tax withholding resulting from such exercise as computed by Employer; or b.a copy of directions to, or a written acknowledgment from, an Approved Broker that the Approved Broker has been directed to sell, for the account of the owner of the Option, Shares (or a sufficient portion of the Shares) acquired upon exercise of the Option, together with an undertaking by the Approved Broker to remit to the Parent a sufficient portion of the sale proceeds to pay the Exercise Price for the Shares exercised plus any tax withholding resulting from such exercise as computed by Employer. In the case of exercise via method (a), the exercise shall be deemed complete on the Parent's receipt of such notice and said check or draft. In the case of exercise via method (b), the exercise shall be deemed complete on the trade date of the sale. The Committee may approve other methods of exercise, as provided for in the Plan, before the Option is exercised. View More
Found in Tiffany & Co. contract
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Methods of Option Exercise. The (a) Prior to the Expiration Date, matured installments of the Option may be exercised in whole or in part as to any Shares that have matured by filing prior to the Expiration Date a written notice of exercise with the Corporate Secretary of the Parent at its corporate headquarters. Such notice shall specify the number of Shares which the Participant elects to purchase (the "Exercised Shares") and shall be accompanied by either of the following: a.a a bank-certified check payable to the Paren...t (or other type of check or draft payable to the Parent and acceptable to the its Corporate Secretary) in the amount of the Exercise Price for the Exercised Shares being exercised plus any tax withholding resulting from such exercise as computed by Employer; Employer. The exercise shall be deemed complete on Parent's receipt of such notice and said check or b.a draft. (b) Alternatively, in lieu of such check or draft, if permitted by Parent, and subject to such requirements as Parent may specify (including without limitation requirements consistent with applicable Tiffany & Co. 2014 Employee Incentive Plan, Option Terms, October 16, 2019 2 policies concerning insider information), Participant may provide a copy of directions to, or a written acknowledgment from, an Approved Broker that the Approved Broker has been directed to sell, for the account of the owner of the Option, Shares (or a sufficient portion of the Shares) acquired upon exercise of the Option, together with an undertaking by the Approved Broker to remit to the Parent a sufficient portion of the sale proceeds to pay the Exercise Price for the Exercised Shares exercised plus any tax withholding resulting from such exercise as computed by Employer. In the case of exercise via method (a), the exercise shall be deemed complete on the Parent's receipt of such notice and said check or draft. In the case of exercise via method (b), the The exercise shall be deemed complete on the trade date of the sale. (c) The Committee may approve other methods of exercise, as provided for in the Plan, before the Option is exercised. View More
Found in Tiffany & Co. contract
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Methods of Option Exercise. (a) Subject to the terms of this Agreement and the Plan, the Option may be exercised in whole or in part by filing a written notice with the Chief Financial Officer (or such other party as the Company may designate) of the Company at its corporate headquarters prior to the Company's close of business on the last business day that occurs prior to the Expiration Date. Such notice shall specify the number of Covered Shares which the Participant elects to purchase, and shall be accompanied by paymen...t of the Exercise Price for such shares of Stock indicated by the Participant's election. (b) Payment shall be by cash or by check payable to the Company. Except as otherwise provided by the Board before the Option is exercised; (i) all or a portion of the Exercise Price may be paid by the Participant by delivery of shares of Stock that have been owned by the Participant for at least six (6) months and are otherwise acceptable to the Board having an aggregate Fair Market Value (valued as of the date of exercise) that is equal to the amount of cash that would otherwise be required; and (ii) the Participant may pay the Exercise Price by authorizing a third party to sell shares of Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and remit to the Company a sufficient portion of the sale proceeds to pay the entire Exercise Price and any tax withholding resulting from such exercise. (c) The Option shall not be exercisable if and to the extent the Company determines that such exercise would violate applicable state or Federal securities laws or the rules and regulations of any securities exchange on which the Stock is traded. If the Company makes such a determination, it shall use all reasonable efforts to obtain compliance with such laws, rules and regulations. In making any determination hereunder, the Company may rely on the opinion of counsel for the Company. View More
Found in Hibbett Sports, Inc. contract
Methods of Option Exercise. (a) Subject to the terms of this Agreement and the Plan, the Option may be exercised in whole or in part by filing a written notice with the Chief Financial Officer (or such other party as the Company may designate) Secretary of the Company at its corporate headquarters prior to the Company's close of business on the last business day that occurs prior to the Expiration Date. Such notice shall specify the number of Covered Shares shares of Stock which the Participant elects to purchase, and shal...l be accompanied by payment of the Exercise Price for such shares of Stock indicated by the Participant's election. (b) Payment shall be by cash or by check payable to the Company. Except as otherwise provided by the Board Committee before the Option is exercised; exercised: (i) all or a portion of the Exercise Price may be paid by the Participant by tendering, by either actual delivery of shares of Stock that have been owned or by the Participant for at least six (6) months and are otherwise attestation, shares acceptable to the Board Committee (including shares otherwise distributable pursuant to the exercise of the Option) having an aggregate Fair Market Value (valued as of the date of exercise) that is equal to the amount of cash that would otherwise be required; and (ii) the Participant may pay the Exercise Price by authorizing a third party to sell shares of Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and remit to the Company a sufficient portion of the sale proceeds to pay the entire Exercise Price and any tax withholding resulting from such exercise. (c) The Option shall not be exercisable if and to the extent the Company determines that such exercise would violate applicable state or Federal securities laws or the rules and regulations of any securities exchange on which the Stock is traded. If the Company makes such a determination, it shall use all reasonable efforts to obtain compliance with such laws, rules and regulations. In making any determination hereunder, the Company may rely on the opinion of counsel for the Company. View More
Found in Chardan Healthcare Acquisition Corp. contract
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