Method of Exercising the Option. The Option shall be exercised by the Optionee delivering to the Corporation (i) written notice from the Optionee stating that the Optionee is exercising the Option and specifying the number of Option Shares that the Optionee is entitled to purchase (the "Notice"), which shall be in form and content identical to ANNEX I hereto and (ii) the aggregate Exercise Price (the "Payment") for the number of Option Shares that the Optionee is entitled to purchase, which Exercise Price must be in the form of (a) cash or a cashier's or certified check payable to the order of the Corporation, or (b) the tender to the Corporation of such number of shares of Common Stock owned by the Optionee having an aggregate fair market value as of the date of exercise that is not greater than the total Exercise Price for the shares of Common Stock with respect to which the Option is being exercised and by paying the remaining amount of the Exercise Price.
Method of Exercising the Option. The Option shall be exercised by the Grantee by delivering to the Company written notice from the Grantee as of a date set by the Company which is in advance of the proposed exercise date. The notice from the Grantee shall state that the Grantee is exercising the Option and shall specify the number of Option Shares that the Grantee desires and is entitled to purchase. Such notice shall be in a form and content as determined by the Committee and shall be accompanied by full payment for the Option Shares to be exercised. The Option may only be exercised with respect to full shares, and no fractional shares shall be issued. The Option Price upon exercise of the Option Shares shall be payable to the Company in full either: (i) in cash or its equivalent, or (ii) subject to prior approval by the Committee in its discretion, by tendering previously acquired Shares having an aggregate Fair Market Value at the time of exercise equal to the total Option Price (provided that the Shares which are tendered must have been held by the Grantee for at least six (6) months prior to their tender to satisfy the Option Price), or (iii) subject to prior approval by the Committee in its discretion, by withholding Shares which otherwise would be acquired on exercise having an aggregate Fair Market Value at the time of exercise equal to the total Option Price, or (iv) subject to prior approval by the Committee in its discretion, by a combination of (i), (ii), and (iii) above. Any payment in Shares shall be effected by the surrender of such Shares to the Company in good form for transfer and shall be valued at their Fair Market Value on the date when the Stock Option is exercised. Unless otherwise permitted by the Committee in its discretion, the Grantee shall not surrender, or attest to the ownership of, Shares in payment of the Option Price if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to the Stock Option for financial reporting purposes. The Committee, in its discretion, also may allow the Option Price to be paid with such other consideration as shall constitute lawful consideration for the issuance of Shares (including, without limitation, effecting a “cashless exercise” with a broker of the Option), subject to applicable securities law restrictions and tax withholdings, or by any other means which the Committee determines to be consistent with the Plan’s purpose and applicable law. A “cashless exercis...
Method of Exercising the Option. Subject to the vesting provisions of Section 4 hereof, the Employee may exercise the Option in full or in part by written notice to the Company, delivered in person to the Treasurer of the Company or mailed, by registered mail, return receipt requested, to the Company's principal office at Atlanta, Georgia, attention of the Treasurer of the Company; provided, however, that if exercised in part, the Option may not be exercised for fewer than 100 shares, unless the remaining balance of the Option is less than 100 shares, in which case the Option may be exercised for the remaining balance. The written notice shall state the Employee's intention to exercise the Option and the number of shares in respect to which it is being exercised and shall be signed by the Employee or a legatee or personal representative of the Employee, as applicable. Such notice shall be accompanied by payment of the full purchase price of the shares, and instructions shall be given as to the address to which the stock certificates shall be mailed. The purchase price for the shares as to which the Option shall be exercised from time to time shall be paid in full in cash and/or unrestricted shares of Common Stock already owned by the optionee for a period of at least six months, based, in each case, on the Fair Market Value (as defined in the Plan) of the shares on the date the Option is exercised, unless it shall be determined by the Committee, at any time hereafter, in its sole discretion, that unrestricted shares of Common Stock are not a permissible form of payment with respect to the Option. No shares may be purchased if the Employee is not at the time of exercise in the employ of the Company, or a subsidiary, except as provided in Section 8.
Method of Exercising the Option. Subject to the terms and conditions of this Agreement and those of the Plan, the Option may be exercised by written or electronic notice to the Company at its principal place of business, or through the Company’s on-line Option management system. Such notice shall state the election to exercise the Option, and the number of full Shares that are being exercised. Such notice shall be accompanied by payment of the full purchase price of such Shares, or other payment method as described in Section 7 hereof. The Company shall deliver Shares either electronically or in certificate form as soon as practicable after the aforesaid notice. The Shares as to which the Option shall have been so exercised shall be registered in the name of the person or persons 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 name of the Participant and another person jointly, with right of survivorship. In the event the Option shall be exercised, pursuant to Section 15 or Section 16 hereof, by any person or persons other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and non-assessable.
Method of Exercising the Option. The Employee may exercise this Option by written notice to the Company, substantially in the form attached as Exhibit A hereto. Such notice shall state the Employee’s intention to exercise the Option and the number of shares in respect to which it is being exercised and shall be signed by the Employee or a legatee or personal representative of the Employee. Such notice shall be accompanied by payment of the full amount of the Option Price and instructions shall be given as to the manner in which the stock certificates shall be registered, i.e., in the name of an Employee or in the name of the Employee and a close relative jointly, with the right of survivorship, or in the name of the Employee’s legatee or personal representative. The Option Price shall be payable (a) in cash or its equivalent, (b) by tendering previously acquired shares of Common Stock having an aggregate Fair Market Value (as defined in the Plan) on the last trading day prior to the date of exercise equal to the total Option Price (provided that the shares of Common Stock which are tendered must have been held by the Employee for at least twelve (12) months prior to their tender to satisfy the Option Price), or (c) by a combination of any of the foregoing.
Method of Exercising the Option. (a) DATE OF VESTING. Subject to other restrictions and limitations in the Plan, this Option plan will continue to vest as long as the undersigned is employed by Mirenco: January 1, 2000 20,000 March 31, 2000 20,000 June 30, 2000 20,000 September 30, 2000 20,000 January 1, 2001 20,000 March 31, 2001 20,000 June 30, 2001 20,000 September 30, 2001 20,000 January 1, 2002 15,000 March 31, 2002 15,000 June 30, 2002 15,000 September 30, 2002 15,000 January 1, 2003 15,000 March 31, 2003 15,000 June 30, 2003 15,000 September 30, 2003 15,000
Method of Exercising the Option. To exercise this Option, the Optionee shall notify the Optionor in writing that it is exercising the Option and such notice shall be received by the Optionor on or before the Expiration Date of this Option.
Method of Exercising the Option. The Company has retained a Plan Administrator to administer the Plan. The Option shall be exercised by the Grantee delivering to the Plan Administrator such authorization to Plan Administrator as required to process a cash or cashless exercise. The minimum number of options you may exercise at any one time is twenty (20) shares.
Method of Exercising the Option. (a) DATE OF VESTING. Subject to other restrictions and limitations in the Plan, this option becomes exercisable for a maximum of Fifty Thousand (50,000) Shares as of January 1, 2000 and for the remaining Fifty Thousand (50,000) Shares as of January 1, 2001.
Method of Exercising the Option. The Employee may exercise this ------------------------------- Option by written notice to the Company, substantially in the form attached as Exhibit 1 hereto. Such notice shall state the Employee's intention to exercise the Option and the number of shares in respect to which it is being exercised and shall be signed by the Employee or a legatee or personal representative of the Employee. Such notice shall be accompanied by payment of the full purchase price of the shares and instructions shall be given as to the manner in which the stock certificates shall be registered, i.e., in the name of an Employee or in the name of the Employee and a close relative jointly, with the right of survivorship, or in the name of his legatee or personal representative.
