Common use of Payment of Option Price Clause in Contracts

Payment of Option Price. The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six (6) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

Appears in 15 contracts

Samples: Cycle Award Agreement (Norfolk Southern Corp), 2012 Award Agreement (Norfolk Southern Corp), Award Agreement (Norfolk Southern Corp)

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Payment of Option Price. The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six (6) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

Appears in 9 contracts

Samples: Agreement (Norfolk Southern Corp), Agreement (Norfolk Southern Corp), Award Agreement (Norfolk Southern Corp)

Payment of Option Price. The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash (including check) or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six twelve (612) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

Appears in 5 contracts

Samples: Agreement (Norfolk Southern Corp), 2008 Award Agreement (Norfolk Southern Corp), Agreement (Norfolk Southern Corp)

Payment of Option Price. The purchase Purchase price of Common Stock upon any exercise of this Option option shall be paid in full to the Corporation Company at the time of such exercise in cash (including by check) or, subject to the exercise approval of the Option in cash or Committee, by the surrender to the Corporation Company of shares of previously acquired Common Stock which shall have been held by the Participant for at least six (6) months and which shall be valued at Fair Market Value the fair market value on the date this option is exercised (determined by the Option is exercisedCommittee in accordance with the method for establishing fair market value contained in Section 8 of the Plan), or by a combination of cash and such Common Stock.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Wilshire Technologies Inc), Non Qualified Stock Option Agreement (Wilshire Technologies Inc), Non Qualified Stock Option Agreement (Wilshire Technologies Inc)

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Payment of Option Price. The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash (including check) or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant Optionee for at least six twelve (612) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

Appears in 3 contracts

Samples: Option and Non Qualified Stock Option Agreement (Norfolk Southern Corp), Norfolk Southern Corporation Long Term Incentive Plan (Norfolk Southern Corp), Option and Non Qualified Stock Option Agreement (Norfolk Southern Corp)

Payment of Option Price. The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six twelve (612) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

Appears in 2 contracts

Samples: Agreement (Norfolk Southern Corp), Agreement (Norfolk Southern Corp)

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