Exercise Provisions Sample Clauses

Exercise Provisions. Notice of exercise of this Call right shall be made in writing to ▇▇▇▇▇▇▇▇▇ at any time prior to October 25, 2003. The notice shall state the time and place of the closing within 30 days of the exercise date. The Call price shall be paid in cash at the closing.

Exercise Provisions. [The Warrants may be exercised in whole or in part at the option of the Holder, on or after ________________, at the following [price or formula] for the purchase of [such principal amount] of:

Exercise Provisions. (a) The holder of this Warrant Certificate may exercise the Warrant represented hereby in whole or in part at any time by surrendering the Certificate, with the purchase form attached hereto duly executed by the holder, to the Association at its principal office, accompanied by payment in the amount obtained by multiplying (i) the number of Shares designated in the purchase form by (ii) the Exercise Price. (b) Payment may be in cash or by certified or official bank check or wire funds payable to the order of the Association. (c) On partial exercise hereof, the Association shall promptly issue and deliver to the holder of this Certificate a new Certificate or Certificates of like tenor in the name of that holder providing for the right to purchase that number of Warrant Shares as to which this Certificate has not been exercised. (d) The rights represented hereby shall expire at 5:00 p.m., Dallas, Texas time, on December 31, 1999, unless sooner terminated pursuant to paragraph 6 hereof.

Exercise Provisions. The Option will become exercisable as follows: (i) increments of 1/16 of the shares subject to the Option will become vested and exercisable as of the last day of each succeeding quarter, beginning February 28, 2007, such that the Option will be fully exercisable in approximately four years, and (ii) as otherwise provided pursuant to paragraphs (b) through (f) of the Agreement or Section 6.8 of the Plan.

Exercise Provisions. Subject to the provisions of this Agreement relating to termination for Specified Cause, all vested options will be exercisable at any time and from time to time, in whole or in part at a price of $3 per share, (the fair market value at May 1, 1996) as follows: (a) for a period of two years from the completion of the Public Offering or Sale if your employment with the Company was terminated by the Company, other than for Specified Cause, within twelve months prior to such Public Offering or Sale. (b) for a period of seven years from the completion of the Public Offering or Sale provided, you are an employee of the Company at the time of such exercise. (c) for a period equal to the lesser of two years from the termination of your employment with the Company, or seven years from the completion of the Public Offering or Sale provided, that you were an employee of the Company at the time of the completion of the Public Offering or Sale and that you were not terminated by the Company for Specified Cause. ▇▇▇▇▇▇ Employment Agreement May 1, 1996

Exercise Provisions. Manner of Exercise. This Warrant may be exercised in whole or in part on or ------------------ before the Termination Date only by the holder of this Warrant surrendering to the Company, at its principal office, this Warrant, together with the exercise form attached to this Warrant duly executed by the holder and payment to the Company in the amount obtained by multiplying the Purchase Price by the number of shares of Stock designated in the exercise form. Payment may be made at the option of the Warrantholder, either (A) by cash or (B) by bank wire transfer or (C) by surrender of this Warrant with instructions that the Company retain as payment of the Purchase Price the number of Shares determined as set forth in clause (ii) of the following paragraph (a "Cashless Exercise"). In the event of a Cashless Exercise: (i) the holder shall receive the number of Shares determined by multiplying the total number of Shares for which the Cashless Exercise is made by a fraction, the numerator of which shall be the difference between the Current Market Price (as defined below) per Share and the Purchase Price, and the denominator of which shall be the Current Market Price (determined as provided in this Section 4(a)) and (ii) the remaining Shares for which Cashless Exercise has been made shall be deemed to have been paid to the Company as the Purchase Price. For purposes of the above calculation, the Current Market Price of one share of Stock means: (i) the average of the reported closing prices of a share of Stock quoted on the Nasdaq National Market or on any exchange on which the shares of Stock are listed, whichever is applicable, for the five trading days immediately prior to the exercise date of this Warrant, (ii) if no such closing price is available, the average of the closing bid and asked prices of a share of Stock as quoted in the Over-the-Counter Market Summary for the five trading days immediately prior to the exercise date of this Warrant, or (iii) if the shares of Stock are not listed on the Nasdaq National Market or on any exchange as quoted in the Over-the-Counter Market, the fair market value per share of Stock as of the date of exercise of this Warrant as determined by the Company's Board of Directors in good faith.

Exercise Provisions. The Option will become exercisable as follows: (i) one (1) increment equal to 25% of the shares subject to the Option on August 31, 2013, and (ii) twelve (12) equal quarterly increments equal to 6.25% of the shares subject to the Option, beginning November 30, 2013 and ending August 31, 2016; provided that Optionholder is employed by the Company on such dates and (iii) as otherwise provided pursuant to paragraphs (b) through (f) of this Agreement or Section 6.8 of the Plan.

Exercise Provisions