Payment for Shares Clause Example with Variations from Business Contracts

Payment for Shares. The "Purchase Price" will shall be the Exercise Price multiplied by the number of Shares with respect to which the Option is being exercised. (b) Cash or Check. All or part of the Purchase Price and the minimum amount of any Withheld Taxes Federal, state, local or foreign withholding taxes may be paid as follows: (a) Cash or Check. In in cash or by bank certified check. (b) (c) Brokered Cashless Exercise. To the extent permitted by applicable law and unless otherwise provided by the Committee, all or part of the Purchase Price may be 3 paid from the proceeds of a sale through a broker on the date of exercise of some or all of the Shares to which the exercise relates. In that such case, the Participant will provide the Company shall have received a properly executed Notice of Exercise, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale proceeds to pay the aggregate purchase price and/or Withheld Taxes, as applicable. price, and, if requested, the minimum amount of any applicable Federal, state, local or foreign withholding taxes. To facilitate the foregoing, the Company may, to the extent permitted by applicable law, enter into agreements or coordinate procedures with one or more brokerage firms. (c) (d) Net Exercise. By reducing the number of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a Fair Market Value equal to the amount of the Purchase Price and/or Withheld Taxes, as applicable. (d) Surrender and withholding requirements permitted to be so paid by the Company. (e) Other Methods of Stock. In each instance, at Payment for Shares. At the sole discretion of the Committee, all or any part of the Purchase Price and the minimum amount of any applicable Federal, state, local or foreign withholding taxes may be paid by one or more of the following methods: (i) Surrender of Stock. By surrendering, or attesting to the ownership of, Shares that are already owned by the Participant free and clear of any restriction or limitation, unless the Committee specifically agrees to accept such Shares subject to such restriction or limitation. Such Shares will shall be surrendered to the Company in good form for transfer and will shall be valued by the Company at their Fair Market Value on the date of the applicable exercise of the Option, or to the extent applicable, on the date the Withheld Taxes tax is to be determined. The Participant will shall not surrender, or attest to the ownership of, Shares in payment of the Purchase Price (or Withheld Taxes) withholding) if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this Option for financial reporting purposes that otherwise would not have occurred. The Committee shall notify the Participant if and when it shall make such other payment methods available to the Participant. Should the Committee exercise its discretion to permit the Participant to exercise the Option and/or satisfy any applicable tax withholding requirements in whole or in part in accordance with this Section 7(e), it shall have no obligation to permit such alternative exercise and/or satisfaction of applicable tax withholding requirements with respect to any remaining portion of the Option or with respect to any other option to purchase Shares held by the Participant. View More

Payment for Shares. The "Purchase Price" will purchase price of all Shares subject to the Option shall be the Exercise Price multiplied by the number of Shares with respect to which the Option is being exercised. exercised (the "Purchase Price"). The "Exercise Price" shall be [—] per Share. (b) Cash or Check. All or part of the Purchase Price and any Withheld Taxes may be paid as follows: (a) Cash in cash, by certified or Check. In cash bank check, or by bank certified check. (b) other instrument acceptable to the... Committee in U.S. funds payable to the order of the Company. (c) Brokered Cashless Exercise. To the extent permitted by applicable law and unless otherwise provided by the Committee, Committee in connection with the exercise of the Option, all or part of the Purchase Price may be paid from the proceeds of a sale through a broker on the date of exercise of some or all of the Shares to which the exercise relates. In that such case, the Participant will provide the Company shall have received a properly executed Notice of Exercise, exercise notice, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale proceeds to pay the aggregate purchase price and/or Withheld Taxes, as applicable. price, and, if requested, the amount of any Federal, state, local or foreign withholding taxes. To facilitate the foregoing, the Company may, to the extent permitted by applicable law, enter into agreements or coordinate procedures with one or more brokerage firms. (c) Net Exercise. By reducing the number (d) Other Methods of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a Fair Market Value equal to the amount of the Purchase Price and/or Withheld Taxes, as applicable. (d) Surrender of Stock. In each instance, at Payment for Shares. At the sole discretion of the Committee, Committee all or any part of the Purchase Price may be paid by one or more of the following methods: (i) Surrender of Stock. By surrendering, or attesting to the ownership of, Shares that are already owned by the Participant free and clear of any restriction or limitation, unless the Committee specifically agrees to accept such Shares subject to such restriction or limitation. Such Shares will shall be surrendered to the Company in good form for transfer and will shall be valued by the Company at their Fair Market Value on the date of the applicable exercise of the Option, or to the extent applicable, on the date the Withheld Taxes is to be determined. Option. The Participant will shall not surrender, or attest to the 4 ownership of, Shares in payment of the Purchase Price (or Withheld Taxes) withholding) if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this Option for financial reporting purposes that otherwise would not have occurred. (ii) Net Exercise. By reducing the number of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a Fair Market Value equal to the amount of the Purchase Price and withholding requirements permitted to be so paid by the Company. The Committee shall notify the Participant if and when it shall make such other payment method available to the Participant. Should the Committee exercise its discretion to permit the Participant to exercise the Option in whole or in part in accordance with this Section 3(d), it shall have no obligation to permit such alternative exercise with respect to any remaining portion of the Option or with respect to any other option to purchase Shares held by the Participant. View More

Payment for Shares. The "Purchase Price" will purchase price of all Shares subject to the Option shall be the Exercise Price multiplied by the number of Shares with respect to which the Option is being exercised. exercised (the "Purchase Price"). The "Exercise Price" shall be [—] per Share. (b) Cash or Check. All or part of the Purchase Price and any Withheld Taxes may be paid as follows: (a) Cash in cash, by certified or Check. In cash bank check, or by bank certified check. (b) other instrument acceptable to the... Committee in U.S. funds payable to the order of the Company. 3 (c) Brokered Cashless Exercise. To the extent permitted by applicable law and unless otherwise provided by the Committee, Committee in connection with the exercise of the Option, all or part of the Purchase Price may be paid from the proceeds of a sale through a broker on the date of exercise of some or all of the Shares to which the exercise relates. In that such case, the Participant will provide the Company shall have received a properly executed Notice of Exercise, exercise notice, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale proceeds to pay the aggregate purchase price and/or Withheld Taxes, as applicable. price, and, if requested, the amount of any Federal, state, local or foreign withholding taxes. To facilitate the foregoing, the Company may, to the extent permitted by applicable law, enter into agreements or coordinate procedures with one or more brokerage firms. (c) Net Exercise. By reducing the number (d) Other Methods of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a Fair Market Value equal to the amount of the Purchase Price and/or Withheld Taxes, as applicable. (d) Surrender of Stock. In each instance, at Payment for Shares. At the sole discretion of the Committee, Committee all or any part of the Purchase Price may be paid by one or more of the following methods: (i) Surrender of Stock. By surrendering, or attesting to the ownership of, Shares that are already owned by the Participant free and clear of any restriction or limitation, unless the Committee specifically agrees to accept such Shares subject to such restriction or limitation. Such Shares will shall be surrendered to the Company in good form for transfer and will shall be valued by the Company at their Fair Market Value on the date of the applicable exercise of the Option, or to the extent applicable, on the date the Withheld Taxes is to be determined. Option. The Participant will shall not surrender, or attest to the ownership of, Shares in payment of the Purchase Price (or Withheld Taxes) withholding) if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this Option for financial reporting purposes that otherwise would not have occurred. (ii) Net Exercise. By reducing the number of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a Fair Market Value equal to the amount of the Purchase Price and withholding requirements permitted to be so paid by the Company. The Committee shall notify the Participant if and when it shall make such other payment method available to the Participant. Should the Committee exercise its discretion to permit the Participant to exercise the Option in whole or in part in accordance with this Section 3(d), it shall have no obligation to permit such alternative exercise with respect to any remaining portion of the Option or with respect to any other option to purchase Shares held by the Participant. View More

Payment for Shares. The "Purchase Price" will purchase price of all Shares subject to the Option shall be the Exercise Price multiplied by the number of Shares with respect to which the Option is being exercised. exercised (the "Purchase Price"). The "Exercise Price" shall be [—] per Share. (b) Cash or Check. All or part of the Purchase Price and any Withheld Taxes may be paid as follows: (a) Cash or Check. In in cash or by bank certified personal check. (b) (c) Brokered Cashless Exercise. To the extent permitted... by applicable law and unless otherwise provided by the Committee, all or part of the Purchase Price may be paid from the proceeds of a sale through a broker on the date of exercise of some or all of the Shares to which the exercise relates. In that such case, the Participant will provide the Company shall have received a properly executed Notice of Exercise, exercise notice, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale proceeds to pay the aggregate purchase price and/or Withheld Taxes, as applicable. price, and, if requested, the amount of any Federal, state, local or foreign withholding taxes. To facilitate the foregoing, the Company may, to the extent permitted by applicable law, enter into agreements or coordinate procedures with one or more brokerage firms. (c) Net Exercise. By reducing the number 3 (d) Other Methods of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a Fair Market Value equal to the amount of the Purchase Price and/or Withheld Taxes, as applicable. (d) Surrender of Stock. In each instance, at Payment for Shares. At the sole discretion of the Committee, all or any part of the Purchase Price may be paid by one or more of the following methods: (i) Surrender of Stock. By surrendering, or attesting to the ownership of, Shares that are already owned by the Participant free and clear of any restriction or limitation, unless the Committee specifically agrees to accept such Shares subject to such restriction or limitation. Such Shares will shall be surrendered to the Company in good form for transfer and will shall be valued by the Company at their Fair Market Value on the date of the applicable exercise of the Option, or to the extent applicable, on the date the Withheld Taxes is to be determined. Option. The Participant will shall not surrender, or attest to the ownership of, Shares in payment of the Purchase Price (or Withheld Taxes) withholding) if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this Option for financial reporting purposes that otherwise would not have occurred. (ii) Net Exercise. By reducing the number of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a Fair Market Value equal to the amount of the Purchase Price and withholding requirements permitted to be so paid by the Company. The Committee shall notify the Participant if and when it shall make such other payment method available to the Participant. Should the Committee exercise its discretion to permit the Participant to exercise the Option in whole or in part in accordance with this Section 3(d), it shall have no obligation to permit such alternative exercise with respect to any remaining portion of the Option or with respect to any other option to purchase Shares held by the Participant. View More

Payment for Shares. The "Purchase Price" will purchase price of all Shares subject to the Option shall be the Exercise Price multiplied by the number of Shares with respect to which the Option is being exercised. exercised (the "Purchase Price"). The "Exercise Price" shall be [—] per Share. (b) Cash or Check. All or part of the Purchase Price and any Withheld Taxes may be paid as follows: (a) Cash or Check. In in cash or by bank certified personal check. (b) (c) Brokered Cashless Exercise. To the extent permitted... by applicable law and unless otherwise provided by the Committee, all or part of the Purchase Price may be paid from the proceeds of a sale through a broker on the date of exercise of some or all of the Shares to which the exercise relates. In that such case, the Participant will provide the Company shall have received a properly executed Notice of Exercise, exercise notice, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale proceeds to pay the aggregate purchase price and/or Withheld Taxes, as applicable. price, and, if requested, the amount of any Federal, state, local or foreign withholding taxes. To facilitate the foregoing, the Company may, to the extent permitted by applicable law, enter into agreements or coordinate procedures with one or more brokerage firms. (c) Net Exercise. By reducing the number (d) Other Methods of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a Fair Market Value equal to the amount of the Purchase Price and/or Withheld Taxes, as applicable. (d) Surrender of Stock. In each instance, at Payment for Shares. At the sole discretion of the Committee, all or any part of the Purchase Price may be paid by one or more of the following methods: (i) Surrender of Stock. By surrendering, or attesting to the ownership of, Shares that are already owned by the Participant free and clear of any restriction or limitation, unless the Committee specifically agrees to accept such Shares subject to such restriction or limitation. Such Shares will shall be surrendered to the Company in good form for transfer and will shall be valued by the Company at their Fair Market Value on the date of the applicable exercise of the Option, or to the extent applicable, on the date the Withheld Taxes is to be determined. Option. The Participant will shall not surrender, or attest to the ownership of, Shares in payment of the Purchase Price (or Withheld Taxes) withholding) if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this Option for financial reporting purposes that otherwise would not have occurred. 3 (ii) Net Exercise. By reducing the number of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a Fair Market Value equal to the amount of the Purchase Price and withholding requirements permitted to be so paid by the Company. The Committee shall notify the Participant if and when it shall make such other payment method available to the Participant. Should the Committee exercise its discretion to permit the Participant to exercise the Option in whole or in part in accordance with this Section 3(d), it shall have no obligation to permit such alternative exercise with respect to any remaining portion of the Option or with respect to any other option to purchase Shares held by the Participant. View More

Payment for Shares. The "Purchase Price" will be the Exercise Price multiplied by the number of Shares with respect to which the Option is being exercised. All or part of the Purchase Price and any Withheld Taxes Tax-Related Items withholding may be paid as follows: (a) Cash or Check. In cash or by bank certified check. (b) Brokered Cashless Exercise. To the extent permitted by applicable law and unless otherwise provided by the Committee, from the proceeds of a sale through a broker on the date of exercise of... some or all of the Shares to which the exercise relates. In that case, the Participant will provide the Company a properly executed Notice of Exercise, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale proceeds to pay the aggregate purchase price and/or Withheld Taxes, Tax-Related Items withholding, as applicable. To facilitate the foregoing, the Company may, to the extent permitted by applicable law, may enter into agreements or coordinate procedures with one or more brokerage firms. (c) Net Exercise. By reducing the number of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a Fair Market Value equal to the amount of the Purchase Price and/or Withheld Taxes, Tax-Related Items withholding, as applicable. (d) Surrender of Stock. In each instance, at the sole discretion of the Committee, by surrendering, or attesting to the ownership of, Shares that are already owned by the Participant free and clear of any restriction or limitation, unless the Committee specifically agrees to accept such Shares subject to such restriction or limitation. Such Shares will be surrendered to the Company in good form for transfer and will be valued by the Company at their Fair Market Value on the date of the applicable exercise of the Option, or to the extent applicable, on the date the Withheld Taxes Tax-Related Items withholding is to be determined. The Participant will not surrender, or attest to the ownership of, Shares in payment of the Purchase Price (or Withheld Taxes) Tax- 4 Related Items withholding) if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this Option for financial reporting purposes that otherwise would not have occurred. View More

Payment for Shares. The "Purchase Price" will be the Exercise Price multiplied by the number of Shares with respect to which the Option is Options are being exercised. All or part of the Purchase Price and any Withheld Taxes may be paid as follows: (a) Cash or Check. In cash or by bank certified check. (b) Brokered Cashless Exercise. To the extent permitted by applicable law and unless otherwise provided by the Committee, from the proceeds of a sale through a broker on the date of exercise of some or all of the... Shares to which the exercise relates. In that case, the Participant will execute a Notice of Exercise and provide the Company a properly executed Notice of Exercise, together Company's third-party Plan administrator with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale proceeds to pay the aggregate purchase price and/or Withheld Taxes, as applicable. To facilitate the foregoing, the Company may, to the extent permitted by applicable law, enter into agreements or coordinate procedures with one or more brokerage firms. (c) Net Exercise. By To the extent permitted by the Committee, by reducing the number of Shares otherwise deliverable upon the exercise of the Option Options by the number of Shares having a Fair Market Value equal to the amount of the Purchase Price and/or and, at the sole discretion of the Committee, Withheld Taxes, as applicable. (d) Surrender of Stock. In each instance, at the sole discretion of the Committee, by surrendering, or attesting to the ownership of, Shares that are already owned by the Participant free and clear of any restriction or limitation, unless the Committee specifically agrees in writing to accept such Shares subject to such restriction or limitation. Such Shares will be surrendered to the Company in good form for transfer and will be valued by the Company at their Fair Market Value on the date of the applicable exercise of the Option, Options, or to the extent applicable, on the date the Withheld Taxes is are to be determined. The Participant will not surrender, or attest to the ownership of, Shares in payment of the Purchase Price (or Withheld Taxes) if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this Option the Options for financial reporting purposes that otherwise would not have occurred. been recognized. 3 8. Adjustment to Options. In the event of any change with respect to the outstanding shares of Common Stock contemplated by Section 4.3of the Plan, the Options may be adjusted in accordance with Section 4.3 of the Plan. View More