Method of Exercise of the Option Sample Clauses

Method of Exercise of the Option. (a) The Participant may exercise the Option, to the extent then exercisable, by delivering a written notice of exercise to the Company, setting forth the number of shares of Stock with respect to which the Option is to be exercised, accompanied by full payment for the Stock.
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Method of Exercise of the Option b. Subject to the terms and conditions of this Agreement, the Option will be exercisable by notice and payment to the Corporation in accordance with the procedure prescribed herein. Each such notice shall:
Sample 1
Method of Exercise of the Option. The Option hereby granted may be exercised in whole or in part by giving written notice of exercise to the Corporation at its principal office, in substantially the form of the notice annexed hereto as Annex I, specifying the number of shares to be purchased. The effective date of exercise is the date on which such notice is received by the Corporation, which must be prior to the date of expiration of this Option. The notice must be accompanied by payment in full for the Option Shares purchased. Payment shall be made in cash, which may be in the form of a check payable to the Corporation, or made in such other fashion as is permitted by the Committee in accordance with the Plan. Within thirty (30) days of receipt of such payment, subject to a check having cleared collection, the Corporation shall issue a certificate or certificates evidencing authorized fully-paid and nonassessable shares of common stock of the Corporation in the amount of which payment is so made. Optionee shall have no rights as a stockholder with respect to the Option Shares until payment of the Option Price and delivery of the Option Shares as herein provided.
Sample 1
Method of Exercise of the Option. (a) The Option shall be exercisable by the Investor's delivery to the Company of a written notice stating the number of Option Shares to be purchased pursuant to this Agreement and accompanied by payment for the aggregate Exercise Price of the Option Shares to be purchased. No fractional Option Shares shall be issued upon any exercise of the Option; however, the number of Option Shares issued upon any exercise of the Option shall be rounded up or down to the nearest whole number.
Sample 1
Method of Exercise of the Option. To exercise the Option or any portion thereof, Optionee shall deliver to the Stockholder all of the following: (i) a written notice stating that Optionee elects to exercise the Option or any portion thereof, setting forth the number of shares of the Company Stock with respect to which the option is being exercised and (ii) cash or a check payable to the order of the Stockholder for the full purchase price of the Company Stock to be purchased upon exercise of the Option. If the Company Stock remains subject to any security interest, the Stockholder shall forward any such notice of exercise and payment to the holder of such security interest as required by the term of any such agreement and as necessary to provide for the delivery of the shares of Company Stock to Optionee.
Sample 1
Method of Exercise of the Option. The following provision supplements Section III of the Agreement: Due to legal restrictions in Canada, the Optionee is prohibited from surrendering shares of Common Stock that the Optionee already owns or attesting to the ownership of shares of Common Stock to pay the Exercise Price or satisfy any obligations relating to Tax-Related Items.
Sample 1

Related to Method of Exercise of the Option

  • Method of Exercise of Option (a) Subject to the terms and conditions of this Agreement, the Option shall be exercisable by notice in the manner set forth in Exhibit A hereto (the "NOTICE") and provision for payment to the Corporation in accordance with the procedure prescribed herein. Each such Notice shall:

  • Method of Exercise Holder may exercise this Warrant by delivering a duly executed Notice of Exercise in substantially the form attached as Appendix 1 to the principal office of the Company. Unless Holder is exercising the conversion right set forth in Article 1.2, Holder shall also deliver to the Company a check, wire transfer (to an account designated by the Company), or other form of payment acceptable to the Company for the aggregate Warrant Price for the Shares being purchased.

  • Method of Exercise of Options Optionee shall notify the Company by written notice sent by certified mail, return receipt requested, addressed to the Company's principal office, or by hand delivery to such office, as to the number of Shares which Optionee desires to purchase under the options, which written notice shall be accompanied by Optionee's check payable to the order of the Company for the full option price of such Shares. As soon as practicable after the receipt of such written notice, the Company shall, at its principal office, tender to Optionee a certificate or certificates issued in Optionee's name evidencing the Shares purchased by Optionee hereunder.

  • Method of Exercise of Warrants The right to purchase shares conferred by the Warrants may be exercised by the Holder surrendering the Warrant Certificate representing same, with a duly completed and executed subscription in the form attached hereto and a bank draft or certified cheque payable to the Company for the purchase price applicable at the time of surrender in respect of the shares subscribed for in lawful money of the United States of America, to the Company at the address set forth in, or from time to time specified by the Company pursuant to, Section 3.2.

  • Exercise of the Option The Optionee may exercise the Option, from time to time and at any time, beginning on the first anniversary of this Agreement. The grant of the Option shall not confer upon the Optionee any right to be employed by the Company nor limit in any way the right of the Company to terminate the employment of the Optionee at any time.

  • Method of Exercising Option Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached hereto. Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the Option. Payment of the purchase price for such Shares shall be made in accordance with Paragraph 9 of the Plan. The Company shall deliver such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or “blue sky” laws). The Shares as to which the Option shall have been so exercised shall be registered in the Company’s share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the Company’s share register in the name of the Participant and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 hereof, by any person other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.

  • Method of Exercise Payment Issuance of New Warrant;

  • Method of Exercising Options (i) The Option may be exercised by giving written notice, in form substantially as set forth in the Company's Stock Option Exercise Form, a copy of which is attached hereto as Exhibit B, to the Company at its principal office, specifying the number of Option Shares to be purchased and accompanied by payment in full of the aggregate purchase price for such Option Shares. Only full shares shall be delivered and any fractional share which might otherwise be deliverable upon exercise of the Option shall be forfeited.

  • Method of Exercise and Payment Subject to Section 8 hereof, to the extent that the Option has become vested and exercisable with respect to a number of shares of Common Stock as provided herein, the Option may thereafter be exercised by the Participant, in whole or in part, at any time or from time to time prior to the expiration of the Option as provided herein and in accordance with Sections 6.4(c) and 6.4(d) of the Plan, including, without limitation, by the filing of any written form of exercise notice as may be required by the Committee and payment in full of the Per Share Exercise Price specified above multiplied by the number of shares of Common Stock underlying the portion of the Option exercised.

  • Manner of Exercise of Option (a) To the extent that the right to exercise the Option has accrued and is in effect, the Option may be exercised in full or in part by giving written notice to the Company stating the number of Shares as to which the Option is being exercised and accompanied by payment in full for such Shares. No partial exercise may be made for less than one hundred (100) full Shares of Common Stock. Payment shall be made in accordance with the terms of the Plan. Upon such exercise, delivery of a certificate for paid-up, non- assessable Shares shall be made at the principal office of the Company to the person exercising the Option, not less than thirty (30) and not more than ninety (90) days from the date of receipt of the notice by the Company.

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