Issuance of Shares upon Exercise. Upon due exercise of the Option, in whole or in part, in accordance with the terms of this Agreement, the Corporation shall issue to the Optionee, the brokerage firm specified in the Optionee’s delivery instructions pursuant to a broker-assisted cashless exercise, or such other person exercising the Option, as the case may be, the number of shares of Common Stock so paid for, in the form of fully paid and non-assessable stock and shall deliver certificates therefore as soon as practicable thereafter.
Appears in 18 contracts
Samples: Non Qualified Stock Option Grant Agreement (Fero Industries, Inc.), Sample Qualified Stock Option Grant Agreement (Nitro Petroleum Inc.), Share Incentive Plan (Wordlogic Corp)
Issuance of Shares upon Exercise. Upon due exercise of the OptionOptions, in whole or in part, in accordance with the terms of this Agreement, the Corporation Company shall issue to the Optionee, the brokerage firm specified in the Optionee’s delivery instructions pursuant to a broker-assisted cashless exercise, or such other person exercising the OptionOptions, as the case may be, the number of shares of Common Stock so paid for, in the form of fully paid and non-assessable stock and shall deliver certificates therefore therefor as soon as practicable thereafter.
Appears in 8 contracts
Samples: Stock Option Grant Agreement (WSB Holdings Inc), Stock Option Grant Agreement (WSB Holdings Inc), Stock Option Grant Agreement (Mechanical Technology Inc)
Issuance of Shares upon Exercise. Upon due exercise of the OptionOptions, in whole or in part, in accordance with the terms of this Agreement, the Corporation shall issue to the Optionee, the brokerage firm specified in the Optionee’s delivery instructions pursuant to a broker-assisted cashless exercise, or such other person exercising the OptionOptions, as the case may be, the number of shares of Common Stock so paid for, in the form of fully paid and non-assessable stock and shall deliver certificates therefore or issue such shares in certificateless form as soon as practicable thereafter.
Appears in 4 contracts
Samples: Stock Option Grant Agreement (Carroll Bancorp, Inc.), Incentive Stock Option Grant Agreement (Carroll Bancorp, Inc.), Incentive Stock Option Grant Agreement (Carroll Bancorp, Inc.)
Issuance of Shares upon Exercise. Upon due exercise of the Option, in whole or in part, in accordance with the terms of this Agreement, the Corporation shall issue to the Optionee, the brokerage firm specified in the Optionee’s delivery instructions pursuant to a broker-assisted cashless exercise, Optionee or such other person exercising the Option, as the case may be, the number of shares of Common Stock so paid for, in the form of fully paid and non-assessable stock and shall deliver certificates therefore as soon as practicable thereafter.
Appears in 3 contracts
Samples: Qualified Stock Option Grant Agreement (Scio Diamond Technology Corp), Qualified Stock Option Grant Agreement (Scio Diamond Technology Corp), Qualified Stock Option Grant Agreement (Scio Diamond Technology Corp)
Issuance of Shares upon Exercise. Upon due exercise of the Option, in whole or in part, in accordance with the terms of this Agreement, the Corporation shall issue to the Optionee, the brokerage firm specified in the Optionee’s delivery instructions pursuant to a broker-assisted cashless exercise, or such other person exercising the Option, as the case may be, the number of shares of Common Stock so paid for, in the form of fully paid and non-assessable stock and shall deliver certificates therefore therefor as soon as practicable thereafter.
Appears in 2 contracts
Samples: Non Qualified Stock Option Grant Agreement (Entremed Inc), Non Qualified Stock Option Grant Agreement (Entremed Inc)
Issuance of Shares upon Exercise. Upon due exercise of the Option, in whole or in part, in accordance with the terms of this Agreement, the Corporation shall issue to the OptioneeDirector, the brokerage firm specified in the OptioneeDirector’s delivery instructions pursuant to a broker-assisted cashless exercise, or such other person exercising the Option, as the case may be, the number of shares of Common Stock so paid for, in the form of fully paid and non-assessable stock and shall deliver certificates therefore as soon as practicable thereafter.
Appears in 1 contract
Samples: Stock Option Grant Agreement (Scio Diamond Technology Corp)
Issuance of Shares upon Exercise. Upon due exercise of the Option, in whole or in part, in accordance with the terms of this Agreement, the Corporation Company shall issue to the OptioneeParticipant, the brokerage firm specified in the OptioneeParticipant’s delivery instructions pursuant to a broker-assisted cashless exercise, or such other person exercising the Option, as the case may be, the number of shares of Common Stock so paid for, in the form of fully paid and non-assessable nonassessable stock and and, shall deliver certificates therefore therefor as soon as practicable thereafter.
Appears in 1 contract
