Exercise/Pledge. To the extent that this Section 6.4 is applicable, payment may be made by the delivery (on a form prescribed by the Company) of an irrevocable direction to pledge Common Shares to a securities broker or lender approved by the Company, as security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes.
Appears in 2 contracts
Sources: 1997 Stock Incentive Plan (Nanogen Inc), 1998 Long Term Stock Incentive Plan (Zilog Inc)