Common use of Exercise Procedure Clause in Contracts

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 33 contracts

Samples: Incentive Stock Option Agreement (Enterworks Inc), Incentive Stock Option Agreement (Enterworks Inc), Incentive Stock Option Agreement (Open Solutions Inc)

AutoNDA by SimpleDocs

Exercise Procedure. Subject to the conditions set forth in this ------------------ Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 12 contracts

Samples: Nonstatutory Stock Option Agreement (Switchboard Inc), Incentive Stock Option Agreement (Banyan Systems Inc), Incentive Stock Option Agreement (Switchboard Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the OptioneeExecutive's delivery of written notice of exercise to the Treasurer of the Company, specifying the Option Grant Date, number of shares to be purchased purchased, and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 43. below. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee Executive may purchase less than the total number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer less than ten whole shares.

Appears in 6 contracts

Samples: Stock Option Agreement (Picturetel Corp), Stock Option Agreement (Picturetel Corp), Non Statutory Stock Option Agreement (Picturetel Corp)

Exercise Procedure. Subject to the conditions set forth in this ------------------ Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied accompanies by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 3 contracts

Samples: Non Statutory Stock Option Agreement (Epresence Inc), Incorporated Non Qualified Stock Option Agreement (Banyan Systems Inc), Stock Option Agreement (Epresence Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer Controller of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer Controller of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 2 contracts

Samples: Stock Option Agreement (Rsa Security Inc/De/), Stock Option Agreement (Rsa Security Inc/De/)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may at any time or from time to time purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 2 contracts

Samples: Non Statutory (Genrad Inc), Stock Option Agreement (Teradyne Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall Option may be exercised exercised, in whole or in part, by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of vested shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 43. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less fewer than the total number of shares covered hereby, provided that no partial exercise of this option Option may be for any fractional share or for fewer than ten one hundred (100) whole shares.

Appears in 2 contracts

Samples: Chesapeake Biological Laboratories Inc, Chesapeake Biological Laboratories Inc

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, Company specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less fewer than the total number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole sharesshare.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Flonetwork Inc)

AutoNDA by SimpleDocs

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option Option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, Company specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less fewer than the total number of shares covered hereby, provided that no partial exercise of this option Option may be for any fractional share or for fewer than ten (10) whole shares.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Vastera Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten 10 whole shares.

Appears in 1 contract

Samples: Distribution Agreement (Open Solutions Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's ’s delivery of written notice of exercise to the Treasurer of the Company, Company specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less fewer than the total number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten 500 whole shares.

Appears in 1 contract

Samples: Option Agreement (Applix Inc /Ma/)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer Chief Financial Officer of the Company, Company specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 43. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less fewer than the total number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Global E Tutor Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer Secretary of the CompanyStaples, specifying the Date of Grant of this Option Agreement, the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer Secretary of the Company Staples of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Staples Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.