Common use of Method and Time of Exercise Clause in Contracts

Method and Time of Exercise. The Option may be exercised in whole or from time to time in part by written notice delivered to the Company stating the number of Option Shares with respect to which the Option is then being exercised, together with a check or wire to the Company in the amount equal to the Exercise Price multiplied by the number of Option Shares then being issued pursuant to the written notice of exercise. Not less than one hundred (100) Option Shares may be purchased upon exercise of the Option at any one time unless the number of Option Shares for which exercise of the Option is being made is all of the Option Shares then issuable upon exercise of the Option. Only whole shares shall be issued upon exercise of the Option.

Appears in 4 contracts

Samples: Consulting and Marketing License Agreement (Sportsnuts Com International Inc), Non Qualified Stock Option Agreement (Reality Wireless Networks Inc), Non Qualified Stock Option Agreement (Sulphco Inc)

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Method and Time of Exercise. The Option may be exercised in whole or from time to time in part by written notice (the "Exercise Notice') delivered to the Company stating the number of Option Shares with respect to which the Option is then being exercised, together with a check or and/or a wire transfer made payable to the Company in the amount equal to the Exercise Price multiplied by the number of Option Shares then being issued pursuant to the written notice of exercise. Not less than one hundred (100) Option Shares , plus the amount of applicable federal, state and local withholding taxes, provided, however, that such taxes may be purchased upon exercise satisfied by the withholding of the Option at any one time unless the number of Option Shares for which exercise of the Option is being made is all of the Option Shares then issuable upon the exercise of the OptionOption pursuant to paragraph 5 of this Agreement. Options may be exercised at any time at the sole discretion of the Grantee. Only whole shares shall be issued upon exercise of the Option.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Biophan Technologies Inc), Non Qualified Stock Option Agreement (Biophan Technologies Inc)

Method and Time of Exercise. The Option may be exercised in whole or ------------------------------ from time to time in part by written notice delivered to the Company stating the number of Option Shares with respect to which the Option is then being exercised, together with a check check, credit to any outstanding legal fees owed by the Company to the Grantee or wire transfer to the Company in the amount equal to the Exercise Price multiplied by the number of Option Shares then being issued pursuant to the written notice of exercise. Not less than one hundred (100) Option Shares may be purchased upon exercise of the Option at any one time unless the number of Option Shares for which exercise of the Option is being made is all of the Option Shares then issuable upon exercise of the Option. Only whole shares shall be issued upon exercise of the Option.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Reality Wireless Networks Inc), Non Qualified Stock Option Agreement (Reality Wireless Networks Inc)

Method and Time of Exercise. The Option may be exercised in whole or from time to time in part by written notice delivered to the Company stating the number of Option Shares with respect to which the Option is then being exercised, together with a check or wire to the Company in the amount equal to the Exercise Price multiplied by the number of Option Shares then being issued pursuant to the written notice of exercise. Not less than one hundred five thousand (1005,000) Option Shares may be purchased upon exercise of the Option at any one time unless the number of Option Shares for which exercise of the Option is being made is all of the Option Shares then issuable upon exercise of the Option. Only whole shares shall be issued upon exercise of the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Tcpi Inc)

Method and Time of Exercise. The Option may be exercised in whole or from --------------------------- time to time in part by written notice delivered to the Company stating the number of Option Shares with respect to which the Option is then being exercised, together with a check or wire to the Company in the amount equal to the Exercise Price multiplied by the number of Option Shares then being issued pursuant to the written notice of exercise. Not less than one hundred (100) Option Shares may be purchased upon exercise of the Option at any one time unless the number of Option Shares for which exercise of the Option is being made is all of the Option Shares then issuable upon exercise of the Option. Only whole shares shall be issued upon exercise of the Option.

Appears in 1 contract

Samples: Consulting and Marketing License Agreement (Auxer Group Inc)

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Method and Time of Exercise. The Option may be exercised in whole or from time to time in part by written notice delivered to the Company stating slating the number of Option Shares with respect to which the Option is then being exercised, together with a check or of wire to the Company in the amount equal to the Exercise Price multiplied by the number of Option Shares then being issued pursuant to the written notice of exercise. Not less than one hundred (100) Option Shares may be purchased upon exercise of the Option at any one time unless the number of Option Shares for which exercise of the Option is being made is all of the Option Shares then issuable upon exercise of the Option. Only whole shares shall be issued upon exercise of the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Getgo Mail Com Inc)

Method and Time of Exercise. The Option may be exercised in whole or from time to time in part by written notice delivered to the Company stating the number of Option Shares with respect to which the Option is then being exercised, together with a check or wire transfer to the Company in the amount equal to the Exercise Price multiplied by the number of Option Shares then being issued pursuant to the written notice of exercise. Not less than one hundred (100) Option Shares may be purchased upon exercise of the Option at any one time unless the number of Option Shares for which exercise of the Option is being made is all of the Option Shares then issuable upon exercise of the Option. Only whole shares shall be issued upon exercise of the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Dtomi Inc)

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