Method of Payment Clause Example from Business Contracts

This example Method of Payment clause appears in 9 contracts from 3 companies

Method of Payment. Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at your election: (a) cash; (b) check; (c) consideration received by the Company under a cashless exercise program implemented by the Company in connection with the Plan; or (d) surrender of other shares of Common Stock which (i) in the case of shares of Common Stock acquired upon exercise of an option, have been owned by you for more than six (6) months on the date of surrender, AND (ii) have a f...air market value on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares. View More