NOTICE TO EXERCISE OPTIONS. If I purchase any listed option, I will notify you of my intention to exercise such option no later than two hours before the expiration time of the option (one hour in the case of an over-the-counter option). Failure to give such notice will constitute an abandonment of the option, in which event it may be exercised for my account if it would be profitable to do so. Except as required by the Options Clearing Corporation Rules, you have no obligation to exercise any option absent specific instructions from me to that effect. If it would not be profitable for my account due to commission expenses, it may be permitted to expire or, at your discretion, sold or acquired by you for some equitable payment to me based on your expenses and risk, without any liability or responsibility on your part to me.
NOTICE TO EXERCISE OPTIONS. An employee who intends to exercise his/her rights under this Article shall indicate such intention in writing to Human Resources within three (3) working days following receipt of the lay-off notice.
NOTICE TO EXERCISE OPTIONS. An employee who intends to exercise his/her rights under this Article shall indicate such intention in writing to Human Resources within three
NOTICE TO EXERCISE OPTIONS. If I purchase any listed option, I will notify you of my intention to exercise such option no later than two hours before the expiration time of the option (one hour in the case of an over-the-counter option). Failure to give such no- xxxx will constitute an abandonment of the option, in which event it may be exercised for - expenses, it may be permitted to expire or, at your discretion, sold or acquired by you for some equitable payment to me based on your expenses and risk, without any liability or responsibility on your part to me.
NOTICE TO EXERCISE OPTIONS. 7.3.1. We hereby agree to waive any and all claims for damages or loss, which we may have against MFS or its executing Broker because an option was not exercised. We understand that our options will become worthless if we do not deliver instructions via MFS or otherwise to exercise by the respective executing Broker’s established exercise cut-off times, which may be different from exercise cut-off times established by the exchanges, markets and clearing houses. We are aware that the OCC has established thresholds for equity option contracts whereby all expiring contracts at or about the $.01 threshold will be automatically exercised; and for index option contracts whereby all expiring contracts at or above the $.01 threshold will be automatically exercised, unless the respective Executing Broker, at our direction, instructs the OCC otherwise.
NOTICE TO EXERCISE OPTIONS. I understand that the official closing price may be determined some time after the close of trading for purposes of this section. I understand that listed equity options may be automatically exercised by the OCC at expiration if the options are in-the-money by an amount equal to or in excess of a minimum amount determined by the OCC by reference to the composite closing price. I will notify Lxxxxx Brothers of my intention to exercise listed options that are out-of-the-money by any amount, at-the-money, or in-the-money but are not subject to automatic exercise, no later than 1 hour past the close of trading for that option on that day. I will notify Lxxxxx Brothers of my intention not to exercise an option that is in-the-money, and subject to automatic exercise, no later than 1 hour past the close of trading for that option on that day. I understand that listed options on an underlying index are automatically exercised by the OCC at expiration if the options are in-the-money by an amount equal to or in excess of a minimum amount determined by the OCC by reference to the composite closing price. I will notify Lxxxxx Brothers of my intention to exercise any option early or not to exercise an option on an underlying index which is in-the-money no later than 15 minutes prior to the close of trading for that option on that day. If notification is not given to Lxxxxx Brothers within the times noted, Lxxxxx Brothers is under no obligation to take action but will endeavor to comply with your instructions. Except as required by the OCC Rules, Lxxxxx Brothers has no obligation to exercise any option absent specific instructions from me to that effect. Failure to give such notice will constitute an abandonment of the option, in which case Lxxxxx Brothers may, but shall be under no obligation to, exercise the option. If it would not be profitable for my account due to commission expenses, it may be permitted to expire or, at Lxxxxx Brothers’ discretion, sold or acquired by Lxxxxx Brothers for some equitable payment to me based on Lxxxxx Brothers’ expenses and risk, without any liability or responsibility on Lxxxxx Brothers’ part to me.
