NOTICE OF EXERCISE OF NONQUALIFIED STOCK OPTION Sample Clauses

NOTICE OF EXERCISE OF NONQUALIFIED STOCK OPTION. I hereby give notice of my election to exercise, to the extent stated below, the nonqualified stock option (“Option”) granted to me on , 2010 to purchase shares of Class B Common Stock, par value $.001 per share, of Thermon Group Holdings, Inc. (“Shares”) at a price of $1,000.00 per Share, pursuant to the Thermon Group Holdings, Inc. Restricted Stock and Stock Option Plan (“Option Plan”). I hereby elect to exercise such Option to the extent of Shares. Payment in the amount of $ equal to the full purchase price of such Shares is enclosed. Dated: (Signature) (Name Printed) (Address) (City, State, Zip Code) (Social Security Number) THIS DOCUMENT IS TO BE USED TO EXERCISE YOUR STOCK OPTIONS IN ACCORDANCE WITH PARAGRAPH 5 OF THE THERMON GROUP HOLDINGS, INC. STOCK OPTION AGREEMENT. EXHIBIT D THIS REPURCHASE NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AS AMENDED (THE “ACT”) AND MAY NOT SOLD UNLESS IT IS REGISTERED UNDER THE ACT OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. {Subordination legend – cross reference to subordination / intercreditor agreement – TO BE COMPLETED IF APPLICABLE} REPURCHASE NOTE [$ ] , 20 FOR VALUE RECEIVED, the undersigned Thermon Group Holdings, Inc., a Delaware corporation (the “Maker”), hereby promises to pay to [ ] (the “Payee”) the principal sum of [ ] ($ ), together with interest thereon at the rate and times set forth in this Note. Principal Payments. The entire principal amount of this Note, together with all accrued and unpaid interest thereon, shall be due and payable on the third anniversary of the date hereof.
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NOTICE OF EXERCISE OF NONQUALIFIED STOCK OPTION. To: American Mobile Satellite Corporation I, a resident of the State of _________________, hereby exercise my nonqualified stock option granted by American Mobile Satellite Corporation (the "Company") on _________________, 199__, subject to all the terms and provisions thereof and of the 1999 Stock Option Plan for Non-Employee Directors referred to therein, and notify the Company of my desire to purchase _______ shares of Common Stock of the Company (the "Securities") at the exercise price of $____________ per share which were offered to me pursuant to said option. Dated: ___________________________ _____________________________ Taxpayer I.D. Number Optionee's Signature Address: RECEIPT ___________________________________ hereby acknowledges receipt from _______________________________ in payment for ____________ shares of Common Stock of American Mobile Satellite Corporation, a Delaware corporation, of $_______ in the form of: /_/ Cash /_/ Check (personal, cashier's or bank certified) _______ shares of the Company's Common Stock, fair market value $______ per share held by the Optionee for a period of at least six (6) months Copy of irrevocable instructions to Broker Date: For: American Mobile Satellite Corporation
Sample 1
NOTICE OF EXERCISE OF NONQUALIFIED STOCK OPTION. The undersigned holder of a Nonqualified Stock Option to purchase Common Shares (“Shares”) of Coast Financial Holdings, Inc., a Florida corporation (the “Corporation”), hereby elects to purchase, pursuant to the provisions of the Coast Financial Holdings, Inc. 2005 Stock Incentive Plan (the “2005 Plan”) and the Nonqualified Stock Option Agreement, dated , 20 (the “NSO Agreement”), by and between the Corporation and the undersigned, the following number of such Shares ( ); and requests that a stock certificate for such Shares be issued in the name of, and delivered to , whose address is ; and further requests, if the number of Shares transferred are not all the Shares that may be acquired pursuant to the unexercised portion of this Nonqualified Stock Option, that a new Nonqualified Stock Option of like tenor for the remaining Shares that may be acquired pursuant to the NSO Agreement be issued and delivered to the undersigned. Any capitalized term not defined herein shall have the meaning ascribed to such term in the 2005 Plan. The undersigned hereby elects to pay the exercise price for the Shares in the manner set forth herein (check the applicable box): [Note: Revise if cashless exercise is permissible.] ¨ Pursuant to Section 4(b) of the NSO Agreement, tenders payment by cash or by wire transfer in immediately available funds in the amount of $ for Shares and $ for the taxes applicable thereto. ¨ Pursuant to Section 4(b) of the NSO Agreement, tenders payment by check acceptable to the Bank in same-day funds in the amount of $ for Shares and $ for the taxes applicable thereto. Dated: , 20 Printed Name: Signature: Address:
Sample 1
NOTICE OF EXERCISE OF NONQUALIFIED STOCK OPTION. To: Williams Controls, Inc. X, x xxxident of the State of _______________________, hereby exercise my Nonqualified Stock Option granted pursuant to the Option Agreement, dated _________________. Specifically, I am notifying the Company of my desire to purchase _________ shares of Common Stock (or a successor class of stock) of the Company at the exercise price of $__________ per share. I hereby represent and agree that the exercise of my Option, and the shares I receive, are subject to the provisions the Option Agreement, the corresponding Appendix of Terms and Conditions and the Williams Controls, Inc. 1993 Restaxxx Xxxxk Option Plan (all of which are collectively referred to as the "Option Documents"). Dated: _____________________ ____________________________ ________________________________ Taxpayer I.D. Number Signature of Optionee Address: ________________________________ ________________________________ ________________________________
Sample 1
NOTICE OF EXERCISE OF NONQUALIFIED STOCK OPTION. Pinnacle Entertainment, Inc. 0000 Xxxxxx Xxxxxx Parkway Las Vegas, Nevada 89169 Attn: General Counsel Ladies and Gentlemen: The undersigned hereby elects to exercise the option indicated below: Option Grant Date: Number of Shares as to which Option is Being Exercised: Exercise Price Per Share: Total Exercise Price: $ Method of Payment: Enclosed herewith is payment in full of the total exercise price. My exact name, current address and social security number for purposes of the stock certificate to be issued and the stockholder list of the Company are: Name: Address: Social Security Number: Sincerely, Dated:___________________ (Optionee’s Signature)
Sample 1
NOTICE OF EXERCISE OF NONQUALIFIED STOCK OPTION. To: Mogul Energy International, Inc. I, a resident of the State of , hereby exercise my Nonqualified Stock Option granted pursuant to the Option Agreement, dated . Specifically, I am notifying the Company of my desire to purchase shares of Common Stock (or a successor class of stock) of the Company at the exercise price of $ per share. I hereby represent and agree that the exercise of my Option, and the shares I receive, are subject to the provisions the Option Agreement, the corresponding Appendix of Terms and Conditions and the Mogul Energy International, Inc. 2007 Stock Incentive Plan (all of which are collectively referred to as the “Option Documents”). Dated: Taxpayer I.D. Number Signature of Optionee Address:
Sample 1
NOTICE OF EXERCISE OF NONQUALIFIED STOCK OPTION. Date:___________________ Two River Bancorp 700 Xxxxxxxxxx Xxxxxx Xxxxxx Xxxxx, XX 00000 Re: Two River Bancorp (the “Company”) 2007 Equity Incentive Plan I hereby exercise the option (“Option”) granted pursuant to the attached Nonqualified Stock Option Agreement (the “Agreement”) so as to acquire shares of the Company's common stock (the “Shares”) at the exercise price of $__.__ per share, for an aggregate exercise price of $_________. My enclosed form of payment is (check one): _____ cash in the amount of $______ _____ certified or bank cashier's check in the amount of $_____ _____ by surrender of shares of the Company's common stock with a value of $________ represented by certificate number(s), duly endorsed for transfer to the Company with signature guaranteed, which may, but need not, consist of or include (i) shares which were received by me upon exercise of one or more nonqualified stock options, but only if such shares have been held by me for at least six months, or (ii) shares which were awarded to, and received by, me as restricted stock of the Company, but only if and to the extent that such shares have been held by me for at least six months after vesting. I represent, acknowledge and agree that the common stock in the Company being purchased by me as a result of the full or partial exercise of the Option shall be acquired only for investment and not for distribution, and that the sale or other disposition of such common stock may be restricted by law. Please make a notation on the Agreement to evidence the exercise of the Option as set forth in this Notice and return the Agreement, if any Options remain thereunder, along with a certificate representing the Shares to me at the address below: Name: (PRINT ADDRESS)
Sample 1
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NOTICE OF EXERCISE OF NONQUALIFIED STOCK OPTION. ASSET ACCEPTANCE CAPITAL CORP. 20000 Xxx Xxxx Xxxxxx Warren, MI 48093 (596.939.9600) Attention: Secretary Re: Notice of Exercise of Nonqualified Stock Option Ladies and Gentlemen: A Nonqualified Stock Option was granted to me on (the “Grant Date”) to purchase shares of the Common Stock of ASSET ACCEPTANCE CAPITAL CORP., a Delaware Corporation (the “Corporation”), at a price of $ per share (the “Option”), pursuant to a Nonqualified Stock Option Agreement, dated as of , between the Corporation and me (the “Agreement”). I hereby elect to exercise my Option with respect to shares. [TO COME — DESCRIBE METHOD OF PAYMENT PURSUANT TO SECTION 3(a)(ii) OF THE AGREEMENT.] I represent that the shares of Common Stock that I am purchasing upon this exercise of my option are being purchased for investment purposes and not with a view to resale; provided, however, that this representation shall not be binding upon me if the shares of Common Stock that I am purchasing are subject to an effective registration statement under the Securities Act of 1933. Optionee: (signature) Printed Name: Dated: ANNEX D ASSET ACCEPTANCE CAPITAL CORP. 2004 STOCK INCENTIVE PLAN Long-Term Consideration and Corporation Recovery for Breach By signing and accepting your Agreement, you recognize and agree that the Corporation’s key consideration in granting the Option is securing you long-term commitment to serve as its Chairman, President and Chief Executive Officer who will advance and promote the Corporation’s business interests and objectives. Accordingly, you agree that this Option shall be subject to the following terms and conditions as material and indivisible consideration for the Option:
Sample 1
NOTICE OF EXERCISE OF NONQUALIFIED STOCK OPTION. I hereby give notice of my election to exercise, to the extent stated below, the nonqualified stock option (“Option”) granted to me on [DATE] to purchase [NUMBER OF SHARES] shares of common stock, par value $0.01 per share, of Houston Wire & Cable Company (“Shares”) at a price of [$____] per Share, pursuant to the HOUSTON WIRE & CABLE COMPANY 2006 STOCK PLAN. I hereby elect to exercise such Option to the extent of ________________ Shares. Payment in the amount of $__________ equal to the full purchase price of such Shares is enclosed. Dated: (signature) (printed name) (address) (city, state, zip code) (Social Security Number) THIS DOCUMENT IS TO BE USED TO EXERCISE YOUR STOCK OPTIONS.
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Related to NOTICE OF EXERCISE OF NONQUALIFIED STOCK OPTION

  • Exercise of Nonqualified Stock Option If the Option does not ------------------------------------- qualify as an ISO, there may be a regular federal and California income tax liability upon the exercise of the Option. Participant will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price. If Participant is a current or former employee of the Company, the Company may be required to withhold from Participant's compensation or collect from Participant and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

  • Exercise of Nonstatutory Stock Option There may be a regular ------------------------------------- federal income tax liability upon the exercise of a Nonstatutory Stock Option. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price. If Optionee is an Employee or a former Employee, the Company will be required to withhold from Optionee's compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

  • Nonqualified Stock Option The Option is a nonqualified stock option and is not, and shall not be, an incentive stock option within the meaning of Section 422 of the Code.

  • Notice of Exercise of Option This Option may be exercised by the ---------------------------- Optionee, or by the Optionee's administrators, executors or personal representatives, by a written notice (in substantially the form of the Notice of Exercise attached hereto as Schedule B) signed by the Optionee, or by such administrators, executors or personal representatives, and delivered or mailed to the Company as specified in Section 14 hereof to the attention of the President or such other officer as the Company may designate. Any such notice shall (a) specify the number of shares of Stock which the Optionee or the Optionee's administrators, executors or personal representatives, as the case may be, then elects to purchase hereunder, (b) contain such information as may be reasonably required pursuant to Section 12 hereof, and (c) be accompanied by (i) a certified or cashier's check payable to the Company in payment of the total Exercise Price applicable to such shares as provided herein, (ii) shares of Stock owned by the Optionee and duly endorsed or accompanied by stock transfer powers having a Fair Market Value equal to the total Exercise Price applicable to such shares purchased hereunder, or (iii) a certified or cashier's check accompanied by the number of shares of Stock whose Fair Market Value when added to the amount of the check equals the total Exercise Price applicable to such shares purchased hereunder. Upon receipt of any such notice and accompanying payment, and subject to the terms hereof, the Company agrees to issue to the Optionee or the Optionee's administrators, executors or personal representatives, as the case may be, stock certificates for the number of shares specified in such notice registered in the name of the person exercising this Option.

  • Exercise of the Stock Option No portion of the Stock Option may be exercised until such portion vests. Each election to exercise any vested portion of the Stock Option will be subject to the terms and conditions of the Plan and shall be in writing or by electronic notice, signed (including electronic signature in form acceptable to the Administrator) by the Optionee or a transferee (if permitted by the Administrator), if any (or in such other form as is acceptable to the Administrator). Each such exercise election must be received by the Company at its principal office or by such other party as the Administrator may prescribe and be accompanied by payment in full as provided in the Plan, including, for the avoidance of doubt to the extent required by Luxembourg law, the payment by the Optionee to the Company of an additional amount in cash equal to the aggregate par value of the shares of Stock to be delivered in respect of the portion of the Stock Option so exercised at the time of the exercise of the Stock Option. The exercise price may be paid (i) by cash or check acceptable to the Administrator, (ii) to the extent permitted by the Administrator, through a broker-assisted cashless exercise program acceptable to the Administrator, (iii) by such other means, if any, as may be acceptable to the Administrator, or (iv) by any combination of the foregoing permissible forms of payment. In the event that the Stock Option is exercised by a person other than the Optionee, the Company will be under no obligation to deliver Shares hereunder unless and until it is satisfied as to the authority of such person to exercise the Stock Option and compliance with applicable securities laws. The latest date on which the Stock Option or any portion thereof may be exercised will be the 9th anniversary of the Date of Grant (the “Final Exercise Date”); provided, however, if at such time the Optionee is prohibited by applicable law or written Company policy applicable to similarly situated employees from engaging in any open-market sales of Stock, the Final Exercise Date will be automatically extended to thirty (30) days following the date the Optionee is no longer prohibited from engaging in such open-market sales. If the Stock Option is not exercised by the Final Exercise Date, the Stock Option or any remaining portion thereof will thereupon immediately terminate.

  • Exercise of Stock Option (a) The Optionee may exercise this Option only in the following manner: from time to time on or prior to the Expiration Date of this Option, the Optionee may give written notice to the Board of Directors or its authorized committee (the “Administrator”) of his or her election to purchase some or all of the vested Option Shares purchasable at the time of such notice. This notice shall specify the number of Option Shares to be purchased. Payment of the Stock Option purchase price for the Option Shares may be made by one or more of the following methods: (i) in cash, by certified or bank check or other instrument acceptable to the Administrator; (ii) in the form of shares of Stock that are not then subject to restrictions under any Company plan and that have been held by the Optionee for at least six months prior to the exercise date; or (iii) by the Optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Administrator to pay the Stock Option purchase price, provided that in the event the Optionee chooses to pay the Stock Option purchase price as so provided in this subsection (iii), the Optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure. Payment instruments will be received subject to collection. The delivery of certificates representing the Option Shares will be contingent upon the Company’s receipt from the Optionee of full payment for the Option Shares, as set forth above and any agreement, statement or other evidence that the Administrator may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise of Options under the Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and regulations.

  • Nonqualified Stock Options If the Shares are held for more than twelve (12) months after the date of purchase of the Shares pursuant to the exercise of an NQSO, any gain realized on disposition of the Shares will be treated as long term capital gain.

  • 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:

  • Exercise of Stock Options If stock options granted in connection with a Stock Incentive Plan are exercised:

  • Time of Exercise of Option This Option shall be first exercisable as to 25% of the Shares on each of the first four anniversary dates of this Agreement. To the extent the Option is not exercised by the Optionee when it becomes exercisable, it shall not expire, but shall be carried forward and shall be exercisable, on a cumulative basis, until the Expiration Date, as hereinafter defined.

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