Method of Payment Clause Example from Business Contracts

This example Method of Payment clause appears in 11 contracts from 8 companies

Method of Payment. Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee: (a) cash or check; (b) consideration received by the Company under a formal cashless exercise program adopted by the Company in connection with the Plan; or (c) surrender of other Shares which, (i) in the case of Shares acquired from the Company, either directly or indirectly, have been owned by the Optionee for more than six (6) months on the date of surrender, an...d (ii) have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares. View More
KONA GRILL INC Contracts

Kona Grill, Inc. (Filed With SEC on March 15, 2013)