Common use of Net Exercise Clause in Contracts

Net Exercise. To the extent that a Stock Option Award Agreement so provides, by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option shall be reduced by the largest whole number of Shares having an aggregate Fair Market Value that does not exceed the aggregate exercise price (plus tax withholdings, if applicable) and any remaining balance of the aggregate exercise price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole Shares to be issued shall be paid by the Optionee in cash other form of payment permitted under the Stock Option Agreement.

Appears in 21 contracts

Samples: Stock Incentive Plan (Invitae Corp), Stock Incentive Plan (Invitae Corp), 2005 Stock Incentive Plan (EGAIN Corp)

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Net Exercise. To the extent that a Stock Option Award Agreement so provides, by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option shall be reduced by the largest whole number of Shares having an aggregate Fair Market Value that does not exceed the aggregate exercise price Exercise Price (plus tax withholdings, if applicable) and any remaining balance of the aggregate exercise price Exercise Price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole Shares to be issued shall be paid by the Optionee Participant in cash or any other form of payment permitted under the Stock Option Agreement.

Appears in 8 contracts

Samples: 2020 Stock Incentive Plan (Nikola Corp), Stock Incentive Plan (1stdibs.com, Inc.), Stock Incentive Plan (Coursera, Inc.)

Net Exercise. To the extent that a Stock Option Award Agreement so provides, by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option shall be reduced by the largest whole number of Shares having an aggregate Fair Market Value that does not exceed the aggregate exercise price Exercise Price (plus tax withholdings, if applicable) and any remaining balance of the aggregate exercise price Exercise Price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole Shares to be issued shall be paid by the Optionee Participant in cash or any other form of payment permitted under the Stock Option Award Agreement.

Appears in 4 contracts

Samples: Stock Option Agreement (Silvaco Group, Inc.), 2024 Stock Incentive Plan (Sow Good Inc.), Stock Option Agreement (Silvaco Group, Inc.)

Net Exercise. To the extent that a Stock Option Award Agreement so provides, by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option shall be reduced by the largest whole number of Shares having an aggregate Fair Market Value that does not exceed the aggregate exercise price (plus tax withholdings, if applicable) and any remaining balance of the aggregate exercise price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole Shares to be issued shall be paid by the Optionee Participant in cash other form of payment permitted under the Stock Option Award Agreement.

Appears in 4 contracts

Samples: Stock Unit Agreement (Financial Engines, Inc.), Stock Unit Agreement (Financial Engines, Inc.), Stock Unit Agreement (Financial Engines, Inc.)

Net Exercise. To the extent that a Stock Option Award Agreement so provides, by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option shall be reduced by the largest whole number of Shares having an aggregate Fair Market Value that does not exceed the aggregate exercise price Exercise Price (plus tax withholdings, if applicable) and any remaining balance of the aggregate exercise price Exercise Price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole Shares to be issued shall be paid by the Optionee Participant in cash or any other form of payment permitted under the Stock Option Agreement.. COURSERA, INC. 2021 STOCK INCENTIVE PLAN

Appears in 4 contracts

Samples: Stock Incentive Plan (Coursera, Inc.), Stock Incentive Plan (Coursera, Inc.), Stock Incentive Plan (Coursera, Inc.)

Net Exercise. To the extent that a Stock Option Award Agreement so provides, payment may be made all or in part by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option shall be reduced by the largest whole number of Shares having an aggregate Fair Market Value that does not exceed the aggregate exercise price Exercise Price (plus tax withholdings, if applicable) and any remaining balance of the aggregate exercise price Exercise Price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole Shares to be issued shall be paid by the Optionee Participant in cash or any other form of payment permitted under the Stock Option Agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (SITIME Corp), 2022 Stock Incentive Plan (CENNTRO ELECTRIC GROUP LTD)

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Net Exercise. To the extent that a Stock Option Award Agreement so provides, payment may be made by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option shall be reduced by the largest whole number of Shares having an aggregate Fair Market Value that does not exceed the aggregate exercise price Exercise Price (plus tax withholdings, if applicable) and any remaining balance of the aggregate exercise price Exercise Price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole Shares to be issued shall be paid by the Optionee Participant in cash or any other form of payment permitted under the Stock Option Agreement.

Appears in 1 contract

Samples: 2020 Stock Incentive Plan (Concentrix Corp)

Net Exercise. To the extent that a Stock Option Award Agreement so provides, payment may be made by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option shall be reduced by the largest whole number of Shares having an aggregate Fair Market Value that does not exceed the aggregate exercise price Exercise Price (plus tax withholdings, if applicable) and any remaining balance of the aggregate exercise price Exercise Price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole Shares to be issued shall be paid by the Optionee in cash or other form of payment permitted under the Stock Option Agreement.

Appears in 1 contract

Samples: Plus Therapeutics, Inc.

Net Exercise. To the extent that a Stock Option Award Agreement so provides, by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option shall be reduced by the largest whole number of Shares having an aggregate Fair Market Value that does not exceed the aggregate exercise price (plus tax withholdings, if applicable) and any remaining balance of the aggregate exercise price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole Shares to be issued shall be paid by the Optionee in cash other form of payment permitted under the Stock Option Agreement.

Appears in 1 contract

Samples: 2005 Stock Incentive Plan (EGAIN Corp)

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