Common use of Methods of Exercise Clause in Contracts

Methods of Exercise. This option is exercisable by delivery to the Company of written notice of exercise which specifies the number of Option Shares to be purchased and the election of the method of payment therefor, which will be one of the methods of payment specified under Section 5.06 of the Plan. If payment is otherwise than payment in full in cash, the method of payment is subject to the consent of the Committee. Upon receipt of payment for the Option Shares to be purchased pursuant to the option or, if applicable, the shares to be delivered pursuant to the election of an alternative payment method, the Company will deliver or cause to be delivered to the Optionee, to any other person exercising this option, or to a broker or dealer if the method of payment specified in Section 5.06(f) of the Plan is elected, a certificate or certificates for the number of Option Shares with respect to which this option is being exercised, registered in the name of the Optionee or other person exercising the option, or if appropriate, in the name of such broker or dealer; provided, however, that if any law or regulation or order of the Securities and Exchange Commission or other body having jurisdiction over the exercise of this option will require the Company or Optionee (or other person exercising this option) to take any action in connection with the shares then being purchased, the delivery of the certificate or certificates for such shares may be delayed for the period necessary to take and complete such action.

Appears in 2 contracts

Samples: Stock Option Agreement (Oak Hill Financial Inc), Stock Option Agreement (Oak Hill Financial Inc)

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Methods of Exercise. This option is exercisable by delivery to the Company of written notice of exercise which specifies the number of Option Shares shares to be purchased and the election of the method of payment therefortherefore, which will be one of the methods of payment specified under Section in section 5.06 of the Plan. If payment is otherwise than payment in full in cash, the method of payment is subject to the consent of the Committee. Upon receipt of payment for the Option Shares shares to be purchased pursuant to the option or, if applicable, the shares to be delivered pursuant to the election of an alternative payment method, the Company will deliver or cause to be delivered to the Optionee, to any other person exercising this option, or to a broker or dealer if the method of payment specified in Section 5.06(fclause (f) of section 5.06 of the Plan is elected, a certificate or certificates for the number of Option Shares shares with respect to which this option is being exercised, registered in the name of the Optionee or other person exercising the option, or if appropriate, in the name of such broker or dealer; provided, however, that if any law or regulation or order of the Securities and Exchange Commission or other body having jurisdiction over the exercise of this option will require the Company or Optionee (or other person exercising this option) to take any action in connection with the shares then being purchased, the delivery of the certificate or certificates for such shares may be delayed for the period necessary to take and complete such action.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Fiserv Inc), Checkfree Corporation Incentive Stock Option Agreement (Checkfree Corp \Ga\)

Methods of Exercise. This option is exercisable by delivery to the Company of written notice of exercise which specifies the number of Option Shares shares to be purchased and the election of the method of payment therefortherefore, which will be one of the methods of payment specified under Section in section 5.06 of the Plan. If payment is otherwise than payment in full in cash, the method of payment is subject to the consent of the Committee. Upon receipt of payment for the Option Shares shares to be purchased pursuant to the option or, if applicable, the shares to be delivered pursuant to the election of an alternative payment method, the Company will deliver or cause to be delivered to the Optionee, to any other person exercising this option, or to a broker or dealer if the method of payment specified in Section 5.06(fclause (f) of subparagraph 5.06 of the Plan is elected, a certificate or certificates for the number of Option Shares shares with respect to which this option is being exercised, registered in the name of the Optionee or other person exercising the option, or if appropriate, in the name of such broker or dealer; provided, however, that if any law or regulation or order of the Securities and Exchange Commission or other body having jurisdiction over the exercise of this option will require the Company or Optionee (or other person exercising this option) to take any action in connection with the shares then being purchased, the delivery of the certificate or certificates for such shares may be delayed for the period necessary to take and complete such action.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Checkfree Corp \Ga\), Nonstatutory Stock Option Agreement (Fiserv Inc)

Methods of Exercise. This option is exercisable by delivery to the Company of written notice of exercise which specifies the number of Option Shares shares to be purchased and the election of the method of payment therefor, which will be one of the methods of payment specified under in Section 5.06 11(c) of the Plan. If payment is otherwise other than payment in full in cash, the method of payment is subject to the consent of the Committee. Upon receipt of payment for the Option Shares shares to be purchased pursuant to the option or, if applicable, the shares to be delivered pursuant to the election of an alternative payment method, the Company will deliver or cause to be delivered to the Optionee, to any other person exercising this option, or to a broker or dealer if the method of payment specified in clause (v) of Section 5.06(f11(c) of the Plan is elected, a certificate or certificates for the number of Option Shares shares with respect to which this option is being exercised, registered in the name of the Optionee or other person exercising the option, or if appropriate, in the name of such broker or dealer; provided, however, that if any law or regulation or order of the Securities and Exchange Commission or other body having jurisdiction over the exercise of this option will require the Company or Optionee (or other person exercising this option) to take any action in connection with the shares then being purchased, the delivery of the certificate or certificates for such shares may be delayed for the period necessary to take and complete such action.

Appears in 1 contract

Samples: Stock Incentive Plan (Max & Ermas Restaurants Inc)

Methods of Exercise. This option is exercisable by delivery to the Company of written notice of exercise which specifies the number of Option Shares shares to be purchased and the election of the method of payment therefor, which will be one of the methods of payment specified under Section 5.06 in paragraph 11(c) of the Plan. If payment is otherwise other than payment in full in cash, the method of payment is subject to the consent of the Committee. Upon receipt of payment for the Option Shares shares to be purchased pursuant to the option or, if applicable, the shares to be delivered pursuant to the election of an alternative payment method, the Company will deliver or cause to be delivered to the Optionee, to any other person exercising this option, or to a broker or dealer if the method of payment specified in Section 5.06(fclause (iv) of paragraph 11(c) of the Plan is elected, a certificate or certificates for the number of Option Shares shares with respect to which this option is being exercised, registered in the name of the Optionee or other person exercising the option, or if appropriate, in the name of such broker or dealer; provided, however, that if any law or regulation or order of the Securities and Exchange Commission or other body having jurisdiction over the exercise of this option will require the Company or Optionee (or other person exercising this option) to take any action in connection with the shares then being purchased, the delivery of the certificate or certificates for such shares may be delayed for the period necessary to take and complete such action.

Appears in 1 contract

Samples: Applied Innovation Inc

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Methods of Exercise. This option is exercisable by delivery to the Company of written notice of exercise which specifies the number of Option Shares shares to be purchased and the election of the method of payment therefor, which will be one of the methods of payment specified under Section 5.06 in paragraph 11(c) of the Plan. If payment is otherwise than payment in full in cash, the method of payment is subject to the consent of the Committee. Upon receipt of payment for the Option Shares shares to be purchased pursuant to the option or, if applicable, the shares to be delivered pursuant to the election of an alternative payment method, the Company will deliver or cause to be delivered to the Optionee, to any other person exercising this option, or to a broker or dealer if the method of payment specified in Section 5.06(fclause (iv) of paragraph 11(c) of the Plan is elected, a certificate or certificates for the number of Option Shares shares with respect to which this option is being exercised, registered in the name of the Optionee or other person exercising the option, or if appropriate, in the name of such broker or dealer; provided, however, that if any law or regulation or order of the Securities and Exchange Commission or other body having jurisdiction over the exercise of this option will require the Company or Optionee (or other person exercising this option) to take any action in connection with the shares then being purchased, the delivery of the certificate or certificates for such shares may be delayed for the period necessary to take and complete such action.

Appears in 1 contract

Samples: Rocky Shoes & Boots Inc

Methods of Exercise. This option Option is exercisable by delivery to the Company of written notice of exercise which specifies the number of Option Shares shares to be purchased and the election of the method of payment therefor, which will be one of the methods of payment specified under in Section 5.06 6.4 of the Plan. If payment is otherwise than payment in full in cash, the method of payment is subject to the consent of the Committee. Upon receipt of payment for the Option Shares shares to be purchased pursuant to the option Option or, if applicable, the shares to be delivered pursuant to the election of an alternative payment method, the Company will deliver or cause to be delivered to the Optionee, to any other person exercising this optionOption, or to a broker or dealer if the method of payment specified in clause (ii) of Section 5.06(f) 6.4 of the Plan is elected, a certificate or certificates for the number of Option Shares shares with respect to which this option Option is being exercised, registered in the name of the Optionee or other person exercising the optionOption, or if appropriate, in the name of such broker or dealer; provided, however, that if any law or regulation or order of the Securities and Exchange Commission or other body having jurisdiction over the exercise of this option Option will require the Company or Optionee (or other person exercising this optionOption) to take any action in connection with the shares then being purchased, the delivery of the certificate or certificates for such shares may be delayed for the period necessary to take and complete such action.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Rocky Brands, Inc.)

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