Common use of Method of Exercise and Payment Clause in Contracts

Method of Exercise and Payment. Each exercise of any part of the --------------------------------- Option shall be by means of written notice of exercise duly delivered to Tracker, specifying the number of whole shares with respect to which the Option is being exercised, together with any written statements required pursuant to Section 10 below and payment of the Price in full (i) in cash or by certified or cashier's check payable to the order of Tracker, (ii) by a promissory note made by the Participant in favor of Tracker, upon the terms and conditions determined by the Committee, and secured by the Common Stock issuable upon exercise in compliance with applicable law (including, without limitation, state corporate law and federal margin requirements), (iii) by shares of Common Stock of Tracker already owned by the Participant, or (iv) by application of the then market value of vested Options of the Company (net of the Option price); provided, however, the Committee may in its absolute discretion limit the Participant's ability to exercise the Option by delivering shares, and any shares delivered which were initially acquired upon exercise of a stock option must have been owned by the Participant at least six months as of the date of delivery.

Method of Exercise and Payment. Each exercise of any part of the --------------------------------- Option shall will be by means of written notice of exercise duly delivered to TrackerSurfNet, specifying the number of whole shares with respect to which the Option is being exercised, together with any written statements required pursuant to Section 10 below and payment of the Price in full (i) in cash or by certified or cashier's check payable to the order of TrackerSurfNet, (ii) if permitted by applicable law, by a promissory note made by the Participant in favor of TrackerSurfNet, upon the terms and conditions determined by the Committee, and secured by the Common Stock issuable upon exercise in compliance with applicable law (including, without limitation, state corporate law and federal margin requirements), (iii) by shares of Common Stock of Tracker SurfNet already owned by the Participant, or (iv) by application of the then market value of vested Options of the Company SurfNet (net of the Option price); provided, however, the Committee may in its absolute discretion limit the Participant's ability to exercise the Option by delivering shares, and any shares delivered which were initially acquired upon exercise of a stock option must have been owned by the Participant at least six months as of the date of delivery.

Method of Exercise and Payment. Each exercise of any part of the --------------------------------- Option shall will be by means of written notice of exercise duly delivered to TrackerSurfNet, specifying the number of whole shares with respect to which the Option is being exercised, together with any written statements required pursuant to Section 10 7 below and payment of the Price in full (i) in cash or by certified or cashier's check payable to the order of TrackerSurfNet, (ii) if permitted by applicable law, by a promissory note made by the Participant in favor of TrackerSurfNet, upon the terms and conditions determined by the Committee, and secured by the Common Stock issuable upon exercise in compliance with applicable law (including, without limitation, state corporate law and federal margin requirements), (iii) by shares of Common Stock of Tracker SurfNet already owned by the Participant, or (iv) by application of the then market value of vested Options of the Company SurfNet (net of the Option price); provided, however, the Committee may in its absolute discretion limit the Participant's ability to exercise the Option by delivering shares, and any shares delivered which were initially acquired upon exercise of a stock option must have been owned by the Participant at least six months as of the date of delivery.