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 Director'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 therefore 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 Director 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 6 contracts

Samples: Non Qualified Stock Option Agreement (Astropower Inc), Non Qualified Stock Option Agreement (Astropower Inc), Non Qualified Stock Option Agreement (Astropower Inc)

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Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Director's 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 therefore 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 Director 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 4 contracts

Samples: Switchboard Incorporated (Switchboard Inc), Non Statutory Stock Option Agreement (Biosphere Medical Inc), Non Statutory Stock Option Agreement (American Superconductor Corp /De/)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Director's delivery of written notice of exercise to the Treasurer Chief Financial Officer ("CFO") of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefore and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer CFO of the Company of such written notice together with the required payment. The Director 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 4 contracts

Samples: Non Qualified Stock Option Agreement (Alpha Pro Tech LTD), Qualified Stock Option Agreement (Alpha Pro Tech LTD), Non Qualified Stock Option Agreement (Alpha Pro Tech LTD)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the DirectorOptionee'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 therefore 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 Director 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: Incentive Stock Option Agreement (Epresence Inc), Incentive Stock Option Agreement (Epresence Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Director's Optionee’s delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares Shares to be purchased and the purchase price to be paid therefore 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 Director Optionee may purchase less than the number of shares Shares covered hereby, provided that no partial exercise of this option may be for any fractional share Share or for fewer than ten whole sharesShares.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Novavax Inc), Non Statutory Stock Option Agreement (Novavax Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the DirectorOptionee'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 therefore 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 Director 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: Non Statutory (Epresence Inc), Stock Option Agreement (Epresence Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option Option shall be exercised by the DirectorOptionee's delivery of written notice of exercise to the Treasurer Secretary of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefore therefor and accompanied by payment in full in accordance with Section 43 hereof. Such exercise shall be effective upon receipt by the Treasurer Secretary of the Company of such written notice together with the required payment. The Director Optionee may purchase less than the 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 whole shares.

Appears in 2 contracts

Samples: Stock Option Agreement (Idx Systems Corp), Stock Option Agreement (Idx Systems Corp)

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Exercise Procedure. Subject to the conditions set forth in this ------------------ Agreement, this option Option shall be exercised by the DirectorOptionee's delivery of written notice of exercise to the Treasurer Secretary of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefore 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 of such written notice together with the required payment. The Director Optionee may purchase less than the 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 whole shares.

Appears in 1 contract

Samples: Stock Option Agreement (Idx Systems Corp)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the DirectorOptionee'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 therefore 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 company of such written notice together with the required payment. The Director 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: Stock Option Agreement (Cisco Systems Inc)

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

Appears in 1 contract

Samples: Stock Option Agreement (I Stat Corporation /De/)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Director's Optionee’s delivery of written notice of exercise to the Treasurer Secretary of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefore 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 of such written notice together with the required payment. The Director 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: Non Statutory Stock Option Agreement (Sunterra Corp)

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