Exercise of Stock Options. If stock options granted in connection with a Stock Incentive Plan are exercised:
Exercise of Stock Options. Executive’s rights to vested but unexercised stock options will continue for a period of one year after early termination (provided that the terms of any option grant agreement shall not be extended by this provision), except in the case of a termination for Cause pursuant to Section 5.1.4 or without Good Reason pursuant to Section 5.1.2.
Exercise of Stock Options. During the term of this agreement except for Termination for Cause, Executive shall be entitled to exercise any options granted to him during the course of employment with Company. In the event of Death, Change of Control, Voluntary Termination or Non-Renewal, Executive shall have the right to exercise all options granted to him prior to the date of termination or non-renewal. In the event of death, the options granted to the Executive shall be exercisable by the Executive's beneficiary.
Exercise of Stock Options. Employee may hold options (“Options”) issued under the Equity Incentive Plan. Employer shall take no action to facilitate a transaction involving a Change In Control unless it has taken such action as may be necessary to ensure that Employee has the opportunity to exercise all Options he may then hold, at a time and in a manner that shall give Employee the opportunity to sell or exchange the securities of Employer acquired upon exercise of his Options, if any (the “Acquired Securities”), at the earliest time and in the most advantageous manner any holder of the same class of securities as the Acquired Securities is able to sell or exchange such securities in connection with such Change In Control. Employer acknowledges that its covenants in the preceding sentence (the “Covenants”) are reasonable and necessary in order to protect the legitimate interests of Employer in maintaining Employee as one of its employees and that any violation of the Covenants by Employer would result in irreparable injuries to Employee, and Employer therefore acknowledges that in the event of any violation of the Covenants by Employer or its directors, officers or employees, or any of their respective agents, Employee shall be entitled to obtain from any court of competent jurisdiction temporary, preliminary and permanent injunctive relief in order to (i) obtain specific performance of the Covenants, (ii) obtain specific performance of the exercise of his Options and the sale or exchange of the Acquired Securities in the advantageous manner contemplated above or (iii) prevent violation of the Covenants; provided that nothing in this Agreement shall be deemed to prejudice Employee’s rights to damages for violation of the Covenants.
Exercise of Stock Options. Stock Options may be exercised by written notice directed to the Employer or such other person as may be designated by the Employer accompanied by a check payable to the Employer in payment of the option price for the option shares. The Employer shall make immediate delivery of the purchased option shares, fully paid and nonassessable, registered in the name of the Employer subject to a restrictive legend set forth on the purchased Option Shares certificate as follows: The shares of stock represented by this Certificate have not been registered under the Securities Act of 1993, as amended ("Act"), or the securities laws of any other jurisdiction and may not be sold, transferred, pledged, hypothecated or otherwise disposed of in any manner unless they are registered under such Act and the securities laws of any applicable jurisdictions or unless pursuant to an exemption therefrom.
Exercise of Stock Options. The Executive may exercise the vested portion of options granted pursuant to Sections 9(a) by notifying the Company of the number of shares of Common Stock to be purchased under such option and delivering with such notice an amount equal to the aggregate exercise price for such number of shares in cash. Notwithstanding the foregoing, Executive may notify the Company that Executive desires to make a cashless exercise of such option with respect to a specified number of shares of Common Stock, in which case such option shall be deemed exercised with respect to such specified number of shares but Executive shall only be entitled to receive a number of shares of Common Stock equal to the product of (A) such specified number multiplied by (B) the quotient of (1) the aggregate Fair Market Value of such specified number of shares of Common Stock (determined as of the date the Company receives such notice in accordance with Section 14(b) minus the aggregate exercise price for such specified number of shares divided by (2) such aggregate Fair Market Value. Delivery of shares with respect to any exercise shall take place within 10 days of exercise.
Exercise of Stock Options. The Stock Option portion of the Initial Equity Grant shall be exercisable by Warwick (or his heirs) for a seven year period, notwithstanding the termination of Warwick's employment during such period, except as provided in Section 10(a) below if Warwick is terminated by Scholastic for "Cause" (as defined herein) or Warwick voluntarily terminates his employment prior to the end of the Term other than for Good Reason (as hereinafter defined).