Common use of Method of Exercising Option Clause in Contracts

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised by written notice to the Committee, at the principal executive offices of 21st Century, or to such transfer agent as 21st Century shall designate. Such notice shall state the election to exercise an option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is received. The certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this option, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised by any person or persons other than the Optionee (if in compliance with the Plan), such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 2 contracts

Samples: Program Stock Option Agreement (21st Century Holding Co), 21st Century Holding Co

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Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised by written notice to the CommitteeCompany, at the principal executive offices office of 21st Centurythe Company, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an this option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee Employee and if the Optionee Employee shall so request in the notice exercising this option, shall be registered in the name of the Optionee Employee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised exercised, pursuant to Article 5 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Employee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 2 contracts

Samples: Qualified Stock Option Agreement (Concerto Software Inc), Davox Corporation (Concerto Software Inc)

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised (i) by written notice to the Committee, Company at the its principal executive offices of 21st Centuryoffice, or (ii) by written notice to such transfer agent as 21st Century the Company shall designatedesignate or (iii) by notification of the Third Party Commercial Provider in accordance with the procedures approved by the Company and of which the Employee shall have ongoing access by means of accessing the Employee’s account maintained with the Third Party Commercial Provider. Such notice shall state the election to exercise an this option and the number of shares in respect of Option Shares for which it is being exercised and shall be signed (either in writing or by electronic transmission) by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The Such certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee Employee and if the Optionee Employee shall so request in the notice exercising this option, such certificate or certificates shall be registered in the name of the Optionee Employee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option). In the event this option shall be exercised exercised, pursuant to Section 5 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Employee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 2 contracts

Samples: Qualified Stock Option Agreement (Seachange International Inc), Incentive Stock Option Agreement (Seachange International Inc)

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option Option may be exercised by written notice to the CommitteeCompany (to the attention of the corporate Secretary located at 0000 Xxxxx Xxxxx Xxxx., at the principal executive offices of 21st CenturyXxxxxxxx 000, Xxxxxx, Xxxxx 00000, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an option this Option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this optionOption. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The certificate or certificates for the shares as to which this option Option shall have been so exercised shall be registered in the name of the person or persons so exercising this option Option (or, if this option Option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this optionOption, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this optionOption. In the event this option Option shall be exercised exercised, pursuant to Article 5 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this optionOption. All shares that shall be purchased upon the exercise of this option Option as provided herein shall be fully paid and non-assessable.

Appears in 2 contracts

Samples: Stock Option Agreement (Tanknology Nde International Inc), Tanknology Nde International Inc

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option Option may be exercised by written notice to the CommitteeCompany, at the principal executive offices office of 21st Centurythe Company, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an option this Option and the number of shares in respect of which it is being exercised and shall be signed by the Optionee or person or persons entitled to so exercising exercise this optionOption. Such notice shall be accompanied by payment of the full purchase price Exercise Price of such sharesshares or by making a cashless exercise pursuant to Section 7 hereof, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment the notice is received. The certificate or certificates for the shares as to which this option Option shall have been so exercised shall be registered in the name of the person or persons so exercising this option Option (or, if this option Option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this optionOption, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this optionOption. In the event this option Option shall be exercised exercised, pursuant to Section 5 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this optionOption. All shares that shall be purchased upon the exercise of this option Option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Option Agreement (Maxicare Health Plans Inc)

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised by written notice to the CommitteeCorporation, at the principal executive offices office of 21st Centurythe Corporation, or to such transfer agent as 21st Century the Corporation shall designate. Such notice shall state the election to exercise an this option and the number of shares in respect of for which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Corporation shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The Such certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this option, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised exercised, pursuant to Section 6 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Eclipsys Corp)

Method of Exercising Option. Subject to the terms and conditions --------------------------- of this Agreement, this option may be exercised by written notice to the Committee, Company at the its principal executive offices of 21st Centuryoffice, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an this option and the number of shares in respect of Option Shares for which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The Such certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee Employee and if the Optionee Employee shall so request in the notice exercising this option, shall be registered in the name of the Optionee Employee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option). In the event this option shall be exercised exercised, pursuant to Section 5 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Employee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Excel Switching Corp)

Method of Exercising Option. Subject to the terms and conditions of this --------------------------- Agreement, this option may be exercised by written notice to the Committee, Company at the its principal executive offices of 21st Centuryoffice, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an this option and the number of shares in respect of Option Shares for which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The Such certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee Employee and if the Optionee Employee shall so request in the notice exercising this option, shall be registered in the name of the Optionee Employee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option). In the event this option shall be exercised exercised, pursuant to Section 5 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Employee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Cabletron Systems Inc)

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised by written notice to the CommitteeCompany, at the principal executive offices office of 21st Centurythe Company at 000 Xxxxxx Xxxxxx, Xxxxxxx, XX 00000-0000, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an this option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee Recipient and if the Optionee Recipient shall so request in the notice exercising this option, shall be registered in the name of the Optionee Recipient and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised pursuant to Article 5 hereof by any person or persons other than the Optionee (if in compliance with the Plan)Recipient, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Praecis Pharmaceuticals Inc)

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised by written notice to the CommitteeCompany, at the principal executive offices office of 21st Centurythe Company, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an this option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name names of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee Employee and if the Optionee Employee shall so request in the notice exercising this option, shall be registered in the name of the Optionee Employee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised exercised, pursuant to Article 5 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Employee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Incentive Stock Option Agreement for Employees (International Electronics Inc)

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised by written notice to the CommitteeCompany, at the principal executive offices office of 21st Centurythe Company, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an this option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The certificate or certificates for the shares as to which this option Option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this option, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised exercised, pursuant to Article 5 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Cisco Systems Inc)

Method of Exercising Option. Subject to the terms and conditions --------------------------- of this Agreement, this option may be exercised by written notice to the CommitteeCompany, at the principal executive offices office of 21st Centurythe Company, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is shall be received. The certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this option, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised by any person or persons other than the Optionee (if in compliance with the Plan), such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Finkel Charles)

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option This Option may be exercised by written notice to the Committee, Company at the its principal executive offices of 21st Centuryoffice, or to such transfer agent as 21st Century shall the Company may designate. Such The notice shall state the election to exercise an option this Option and the number of shares in respect of Option Shares for which it is being exercised and shall be signed by the person or persons so exercising this optionOption. Such notice shall be accompanied by payment of the full purchase price Option Exercise Price of such Option Shares. Prior to the issuance of any Option Shares or certificates representing such shares, and 21st Century the Optionee will make provisions satisfactory to the Company for the withholding of tax, as described under Section 9. The Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice has be received, adjusted for any withholding. The Such certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option Option (or, if this option Option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this optionOption, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option). In the event this option Option shall be exercised exercised, pursuant to Section 4 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessableOption.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Evolent Health, Inc.)

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option Option may be exercised by written notice to the CommitteeVice President and General Counsel of the Company, at the principal executive offices of 21st Centuryits Bedford, Massachusetts office, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an option this Option and the number of shares Option Shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this optionOption. Such notice shall be accompanied by payment of the full purchase price Option Exercise Price of such sharesOption Shares, and 21st Century the Company or its transfer agent shall deliver a certificate or certificates representing such shares Option Shares as soon as practicable after such payment is the notice shall be received. The certificate or certificates for the shares Option Shares as to which this option Option shall have been so exercised shall be registered in the name of the person or persons so exercising this option Option (or, if this option Option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this optionOption, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this optionOption. In the event this option Option shall be exercised exercised, pursuant to Section 3 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this optionOption. All shares Option Shares that shall be purchased upon the exercise of this option Option as provided herein shall be fully paid and non-assessablenonassessable.

Appears in 1 contract

Samples: Stock Option Agreement (Muns Ronald J)

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Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised by prior written notice to the CommitteeCompany, at the principal executive offices office of 21st Centurythe Company, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an this option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this option, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised exercised, pursuant to Article 4 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Airnet Communications Corp)

Method of Exercising Option. Subject to the terms and conditions of --------------------------- this Agreement, this option may be exercised by written notice to the CommitteeCompany, at the principal executive offices office of 21st Centurythe Company, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price Exercise Price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is shall be received. The certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this option, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised by any person or persons other than the Optionee (if in compliance with the Plan), such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Sba Communications Corp)

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised by written notice to the CommitteeCompany, at the principal executive offices office of 21st Centurythe Company, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an this option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name names of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this option, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised exercised, pursuant to Article 5 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (International Electronics Inc)

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised by written notice to the CommitteeCompany, at the principal executive offices office of 21st Centurythe Company, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an this option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee and ant if the Optionee shall so request in the notice exercising this option, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised exercised, pursuant to Article 5 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Sybase Inc)

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised (i) by written notice to the Committee, Company at the its principal executive offices of 21st Centuryoffice, or (ii) by written notice to such transfer agent as 21st Century the Company shall designatedesignate or (iii) by notification of the Third Party Commercial Provider in accordance with the procedures approved by the Company and of which the Employee shall have ongoing access by means of accessing the Employee’s account maintained with the Third Party Commercial Provider. Such notice shall state the election to exercise an this option and the number of shares in respect of Option Shares for which it is being exercised and shall be signed (either in writing or by electronic transmission) by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The Such certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee Employee and if the Optionee Employee shall so request in the notice exercising this option, shall be registered in the name of the Optionee Employee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option). In the event this option shall be exercised exercised, pursuant to Section 5 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Employee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Seachange International Inc)

Method of Exercising Option. Subject to the terms and conditions of --------------------------- this Agreement, this option may be exercised by written notice to the CommitteeCompany, addressed to the Treasurer, at the principal executive offices office of 21st Century, or to such transfer agent as 21st Century shall designatethe Company. Such notice shall state the election to exercise an this option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company or its transfer agent shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising this option, shall be registered in the name of the Optionee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised exercised, pursuant to Article 4 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Davox Corp)

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised by written notice to the CommitteeCompany, at the principal executive offices office of 21st Centurythe Company, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an this option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee Employee and if the Optionee Employee shall so request in the notice exercising this option, shall be registered in the name of the Optionee Employee and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised exercised, pursuant to Section 5 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Employee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Lionbridge Technologies Inc /De/)

Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised by prior written notice to the CommitteeCompany, at the principal executive offices office of 21st Centurythe Company, or to such transfer agent as 21st Century the Company shall designate. Such notice shall state the election to exercise an this option and the number of shares in respect of which it is being exercised and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and 21st Century the Company shall deliver a certificate or certificates representing such shares as soon as practicable after such payment is the notice shall be received. The certificate or certificates for the shares as to which this option shall have been so exercised shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee Director and if the Optionee Director shall so request in the notice exercising this option, shall be registered in the name of the Optionee Director and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person or persons exercising this option. In the event this option shall be exercised exercised, pursuant to Section 5 hereof, by any person or persons other than the Optionee (if in compliance with the Plan)Director, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. All shares that shall be purchased upon the exercise of this option as provided herein shall be fully paid and non-assessable.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Smart Video Technologies Inc)

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