Common use of Exercise of Options Clause in Contracts

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise and payment of the Exercise Price as provided for in the Plan, the Company shall tender to the Optionee a certificate issued in the Optionee’s name evidencing the number of Option Shares covered thereby.

Appears in 52 contracts

Samples: Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (BioRestorative Therapies, Inc.)

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Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise (in the form annexed hereto as Exhibit A) and payment of the Exercise Option Price as provided for in the Plan, the Company shall tender to the Optionee a certificate certificates issued in the Optionee’s 's name evidencing the number of Option Shares covered thereby.

Appears in 45 contracts

Samples: Stock Option Agreement (National Medical Health Card Systems Inc), Stock Option Agreement (National Medical Health Card Systems Inc), Stock Option Agreement (National Medical Health Card Systems Inc)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise and payment of the Exercise Option Price as provided for in the Plan, the Company shall tender to the Optionee a certificate issued in the Optionee’s 's name evidencing the number of Option Shares covered thereby.

Appears in 15 contracts

Samples: Stock Option Agreement (Goldstein Barry), Stock Option Agreement (Extech Corp), Stock Option Agreement (Dcap Group Inc/)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise (in the form annexed hereto as Exhibit A) and payment of the Exercise Option Price as provided for in the Plan, the Company shall tender to the Optionee a certificate certificates issued in the Optionee’s name evidencing the number of Option Shares covered thereby.

Appears in 12 contracts

Samples: Employment Agreement (National Medical Health Card Systems Inc), Form of Stock Option Agreement (National Medical Health Card Systems Inc), Stock Option Agreement (National Medical Health Card Systems Inc)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise and payment of the Exercise Option Price as provided for in the Plan, the Company shall tender to the Optionee a certificate certificates issued in the Optionee’s 's name evidencing the number of Option Shares covered thereby.

Appears in 9 contracts

Samples: Stock Option Agreement (Navtech Inc), Stock Option Agreement (Republic Electronics Corp), Amended And (Macdonald Duncan)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise and payment of the Exercise Price as provided for in the Plan, the Company shall tender to the Optionee a certificate issued in the Optionee’s =s name evidencing the number of Option Shares covered thereby.

Appears in 8 contracts

Samples: Stock Option Agreement (Kingstone Companies, Inc.), Stock Option Agreement (Stem Cell Assurance, Inc.), Stock Option Agreement (Dcap Group Inc)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise (in the form annexed hereto as Exhibit A) and payment of the Exercise Option Price by check in an amount at least equal to the par value of the Common Shares, together with a recourse promissory note in an amount equal to the balance of the exercise price or as otherwise provided for in the Plan, the Company shall tender to the Optionee a certificate certificates issued in the Optionee’s 's name evidencing the number of Option Shares covered therebyindicated in the notice of exercise.

Appears in 5 contracts

Samples: Stock Option Agreement (National Medical Health Card Systems Inc), Stock Option Agreement (National Medical Health Card Systems Inc), Stock Option Agreement (National Medical Health Card Systems Inc)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As Subject to the provisions of the Plan, as soon as practicable after the receipt of notice of exercise and payment of the Exercise Option Price as provided for in the Plan, the Company shall tender to the Optionee a certificate certificates issued in the Optionee’s 's name evidencing the number of Option Shares covered thereby.

Appears in 5 contracts

Samples: Stock Option Agreement (Compuflight Inc), Amended And (Compuflight Inc), Stock Option Agreement (Compuflight Inc)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise and payment of the Exercise Option Price as provided for in the Plan, the Company shall tender to the Optionee a certificate certificates issued in the Optionee’s name evidencing the number of Option Shares covered thereby.

Appears in 2 contracts

Samples: Stock Option Agreement (Navtech Inc), Stock Option Agreement (Navtech Inc)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise and payment of the Exercise Price as provided for in the Plan, the Company shall tender to the Optionee a certificate issued in the Optionee’s 's name evidencing the number of Option Shares covered thereby.

Appears in 2 contracts

Samples: Stock Option Agreement (Weinreb Mark), Stock Option Agreement (BioRestorative Therapies, Inc.)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise (in the form annexed hereto as Exhibit A) and payment of the Exercise Option Price by check in an amount at least equal to the par value of the Option Shares, together with a recourse promissory note in an amount equal to the balance of the exercise price or as otherwise provided for in the Plan, the Company shall tender to the Optionee a certificate certificates issued in the Optionee’s 's name evidencing the number of Option Shares covered therebyindicated in the notice of exercise.

Appears in 2 contracts

Samples: Stock Option Agreement (National Medical Health Card Systems Inc), Stock Option Agreement (National Medical Health Card Systems Inc)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after afer the receipt of notice of exercise and payment of the Exercise Option Price as provided for in the Plan, the Company shall tender to the Optionee a certificate certificates issued in the Optionee’s 's name evidencing the number of Option Shares covered thereby.

Appears in 1 contract

Samples: Stock Option Agreement (Metherell Denis L)

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Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise and payment of the Exercise Price as provided for in the Plan, the Company shall tender to the Optionee a certificate issued in the Optionee’s =s name evidencing the number of Option Shares covered thereby.

Appears in 1 contract

Samples: Stock Option Agreement (Stem Cell Assurance, Inc.)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise and payment of the Exercise Option Price as provided for in the Plan, the Company shall tender to the Optionee a certificate issued in the Optionee’s name evidencing the number of Option Shares covered thereby.

Appears in 1 contract

Samples: Stock Option Agreement (Dcap Group Inc)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan, Section 12(a) of the Plan excepted. As soon as practicable after the receipt of notice of exercise (in the form annexed hereto as Exhibit A) and payment of the Exercise Option Price as provided for in the Plan, the Company shall tender to the Optionee a certificate certificates issued in the Optionee’s 's name evidencing the number of Option Shares covered thereby.

Appears in 1 contract

Samples: Stock Option Agreement (National Medical Health Card Systems Inc)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise and payment of the Exercise Price as provided for in the Plan, the Company shall tender to the Optionee a certificate issued in the Optionee’s 's name evidencing the number of Option Shares covered thereby.

Appears in 1 contract

Samples: Form of Stock Option Agreement (Digital Power Corp)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise and payment of the Exercise Optio Price as provided for in the Planbelow, the Company shall tender to the Optionee a certificate certificates issued in the Optionee’s 's name evidencing the number of Option Shares covered thereby.

Appears in 1 contract

Samples: Employment Agreement (Telebyte Technology Inc)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise (in the form attached hereto as Exhibit A) and payment of the Exercise Option Price as provided for in the Plan, the Company shall tender to the Optionee a certificate certificates issued in the Optionee’s name evidencing the number of Option Shares covered thereby.

Appears in 1 contract

Samples: Stock Option Agreement (National Medical Health Card Systems Inc)

Exercise of Options. (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise (in the form annexed hereto as Exhibit 1) and payment of the Exercise Option Price as provided for in the Plan, the Company shall tender to the Optionee a certificate certificates issued in the Optionee’s 's name evidencing the number of Option Shares covered thereby.

Appears in 1 contract

Samples: Registration Rights Agreement (National Medical Health Card Systems Inc)

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