Methods of Option Exercise Clause Example with 7 Variations from Business Contracts
This page contains Methods of Option Exercise 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.
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
Variations of a "Methods of Option Exercise" Clause from Business Contracts
Methods of Option Exercise. The (a)Prior to the Expiration Date, the Option may be exercised in whole or in part as to any Covered Shares that have matured (but not as to a fractional share) 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 Covered 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 Parent (or other type of check or draft payable to the Parent and acceptable to the its Corporate Secretary) or confirmation (in a form acceptable to such Corporate Secretary) that payment has been made to Parent in immediately available funds by wire transfer, in each case in the amount of the Exercise Price for the Shares being exercised plus any tax withholding resulting from Exercised Shares. The exercise shall be deemed complete on Parent's receipt of such exercise notice and said check or said confirmation of payment. (b) Alternatively, in lieu of such check or draft, if permitted by Parent and subject to such requirements as computed by Employer; or b.a Parent may specify (including without limitation requirements consistent with applicable 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, Exercised Shares (or a sufficient portion of the Exercised 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 Exercised Shares. The exercise shall be deemed complete on the trade date of the sale. (c) The Governance Committee may approve other methods of exercise, as provided for in the Plan, before the Option is exercised. View More
Methods of Option Exercise. The Option may be exercised in whole or in part as to any Covered Shares that have matured (but not as to a fractional share) by filing prior to the Expiration Date a written notice of exercise with the Secretary of the Parent Company at its corporate headquarters. headquarters 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 either of the following: a.a bank-certified check payable to the Pa...rent Company (or other type of check or draft payable to the Parent Company and acceptable to the Secretary) or confirmation (in a form acceptable to the Secretary) that payment has been made to the Company in immediately available Tiffany & Co. 2008 Directors Equity Plan: May 26, 2016 Rev. III Page 1 funds by wire transfer, in each case in the amount of the Exercise Price for the Shares being exercised plus any tax withholding resulting from such exercise as computed by Employer; exercised; 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 Company 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. exercised. In the case of exercise via method (a), the exercise shall be deemed complete on the Parent's Company's receipt of such notice and said check or draft. said confirmation of payment. 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
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 policies concerning insider information), Participant may provide a copy of directions Tiffany & Co. 2014 Employee Incentive Plan, Option Terms, September 20, 2018 2 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
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
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 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
Methods of Option Exercise. The (a) Prior to the Expiration Date, matured portions 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 Parent (o...r 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 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
Methods of Option Exercise. The Option may be exercised in whole or in part as to any Covered Shares that have matured (but not as to a fractional share) by filing prior to the Expiration Date a written notice of exercise with the Secretary of the Parent Company at its corporate headquarters. headquarters 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 either of the following: a.a a. a bank-certified check payable to t...he Parent Company (or other type of check or draft payable to the Parent Company and acceptable to the Secretary) in the amount of the Exercise Price for the Shares being exercised plus any tax withholding resulting from such exercise as computed by Employer; exercised; or b.a 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 Company 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. exercised. Tiffany & Co. 2008 Directors Equity Plan: 5/21/09 Rev. II Page 1 In the case of exercise via method (a), the exercise shall be deemed complete on the Parent's Company'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
