Common use of Method of Exercise of This Option Clause in Contracts

Method of Exercise of This Option. This Option may be exercised during the Exercise Period by giving written notice to the Corporation specifying the number of Option Shares to be purchased. The notice must be in the form prescribed by the committee of the Plan or its successor (the "Committee") and directed to the address set forth in Section 11 below. The date of exercise is the date on which such notice is received by the Corporation. Such notice must be accompanied by payment in full of the Exercise Price for the Option Shares to be purchased upon such exercise. Payment shall be made either (i) in cash, which may be in the form of a check, bank draft, or money order payable to the Corporation, or, if permitted by the Committee (ii) if the Committee shall have approved such form of payment, by delivering shares of Common Stock already owned by the Optionee having a Market Value (as defined in the Plan) equal to the Exercise Price for the number of Option Shares to be purchased, or (iii) if the Committee shall have approved such form of payment, a combination of cash and such shares. Promptly after such payment, subject to Section 3 below, the Corporation shall issue and deliver to the Optionee or other person exercising this Option a certificate or certificates representing the shares of Common Stock so purchased, registered in the name of the Optionee (or such other person), or, upon request, in the name of the Optionee (or such other person) and in the name of another jointly with right of survivorship.

Method of Exercise of This Option. This Option may be exercised at any time during the Exercise Period by giving written notice to the Corporation specifying the number of Option Shares to be purchased. The notice must be in the form prescribed by the committee of the Plan or its successor (the "Committee") and directed to the address set forth in Section 11 10 below. The date of exercise is the date on which such notice is received by the Corporation. Such notice must be accompanied by payment in full of the Exercise Price for the Option Shares to be purchased upon such exercise. Payment shall be made either (i) in cash, which may be in the form of a check, bank draft, or money order payable to the Corporation, or, if permitted by the Committee Committee, (ii) if the Committee shall have approved such form of payment, by delivering shares of Common Stock already owned by the Optionee having a Market Value (as defined in the Plan) equal to the Exercise Price for the number of Option Shares to be purchased, or (iii) if the Committee shall have approved such form of payment, a combination of cash and such shares. Promptly after such payment, subject to Section 3 below, the Corporation shall issue and deliver to the Optionee or other person exercising this Option a certificate or certificates representing the shares of Common Stock so purchased, registered in the name of the Optionee (or such other person), or, upon request, in the name of the Optionee (or such other person) and in the name of another jointly with right of survivorship.

Method of Exercise of This Option. This Except as otherwise provided in this Agreement, this Option may be exercised during the Exercise Period Period, with respect to not more than the cumulative number of Option Shares set forth below on or after the dates indicated, by giving written notice to the Corporation as hereinafter provided specifying the number of Option Shares to be purchased. Cumulative Number of Option Shares Exercisable Date The notice must of exercise of this Option shall be in the form prescribed by the committee Committee referred to in Section 3 of the Plan or its successor (the "Committee") and directed to the address set forth in Section 11 12 below. The date of exercise is the date on which such notice is received by the Corporation. Such notice must shall be accompanied by payment in full of the Exercise Price for the Option Shares to be purchased upon such exercise. Payment shall be made either (i) in cash, which may be in the form of a check, bank draftmoney order, cashier's check or money order certified check, payable to the Corporation, or, if permitted by the Committee or (ii) if the Committee shall have approved such form of payment, by delivering shares of Common Stock already owned by the Optionee having a an aggregate Market Value (as defined in the Plan) equal to the aggregate Exercise Price for the number of Option Shares to be purchasedPrice, or (iii) if the Committee shall have approved such form of payment, a combination of cash and such shares. Promptly after such payment, subject to Section 3 below, the Corporation shall issue and deliver to the Optionee or other person exercising this Option a certificate or certificates representing the shares of Common Stock so purchased, registered in the name of the Optionee (or such other person), or, upon request, in the name of the Optionee (or such other person) and in the name of another jointly with right in such form of survivorship.joint ownership as requested by the Optionee (or such other person) pursuant to applicable state law. Next Page

Method of Exercise of This Option. This Option may be exercised during the Exercise Period by giving written notice to the Corporation specifying the number of Option Shares to be purchased. The notice must be in the form prescribed by the committee referred to in Section 3 of the Plan or its successor (the "“Committee"”) and directed to the address set forth in Section 11 below. The date of exercise is the date on which such notice is received by the Corporation. Such notice must be accompanied by payment in full of the Exercise Price for the Option Shares to be purchased upon such exercise. Payment shall be made either (i) in cash, which may be in the form of a check, bank draft, or money order payable to the Corporation, or, if permitted by the Committee or (ii) if the Committee shall have previously approved such form of payment, by delivering shares of Common Stock already owned by the Optionee having a “Market Value Value” (as defined in the PlanPlan as in effect on the date of the grant of this Option) equal to the Exercise Price for the number of Option Shares to be purchasedapplicable exercise price, or (iii) if the Committee shall have previously approved such form of payment, a combination of cash and such shares. Promptly after such payment, subject to Section 3 below, the Corporation shall issue and deliver to the Optionee or other person exercising this Option a certificate or certificates representing the shares of Common Stock so purchased, registered in the name of the Optionee (or such other person), or, upon request, in the name of the Optionee (or such other person) and in the name of another jointly with right of survivorship. 3.

Method of Exercise of This Option. This Except as otherwise provided in this Agreement, this Option may be exercised during the Exercise Period Period, with respect to not more than the cumulative number of Option Shares set forth below on or after the dates indicated, by giving written notice to the Corporation as hereinafter provided specifying the number of Option Shares to be purchased. Cumulative Number of Option Shares Exercisable Date The notice must of exercise of this Option shall be in the form prescribed by the committee Committee referred to in Section 3 of the Plan or its successor (the "Committee") and directed to the address set forth in Section 11 below. The date of exercise is the date on which such notice is received by the Corporation. Such notice must shall be accompanied by payment in full of the Exercise Price for the Option Shares to be purchased upon such exercise. Payment shall be made either (i) in cash, which may be in the form of a check, bank draftmoney order, cashier's check or money order certified check, payable to the Corporation, or, if permitted by the Committee or (ii) if the Committee shall have approved such form of payment, by delivering shares of Common Stock already owned by the Optionee having a an aggregate Market Value (as defined in the Plan) equal to the aggregate Exercise Price for the number of Option Shares to be purchasedPrice, or (iii) if the Committee shall have approved such form of payment, a combination of cash and such shares. Promptly after such payment, subject to Section 3 below, the Corporation shall issue and deliver to the Optionee or other person exercising this Option a certificate or certificates representing the shares of Common Stock so purchased, registered in the name of the Optionee (or such other person), or, upon request, in the name of the Optionee (or such other person) and in the name of another jointly with right in such form of survivorshipjoint ownership as requested by the Optionee (or such other person) pursuant to applicable state law.