Common use of Payment of the Option Price Clause in Contracts

Payment of the Option Price. Full payment of the Option Price for shares purchased shall be made at the time the Participant exercises the Stock Option. Payment of the aggregate Option Price may be made in (a) cash, (b) by delivery of Common Stock (with a value equal to the Closing Price of Common Stock on the last trading date preceding the date on which the Stock Option is exercised), or (c) a combination thereof. Payment shall be made only in cash unless at least six months have elapsed between the date of Participant’s acquisition of each share of Common Stock delivered by Participant in full or partial payment of the aggregate Option Price and the date on which the Stock Option is exercised.

Appears in 4 contracts

Samples: Grant Agreement (H&r Block Inc), Compensation Plan Grant Agreement (H&r Block Inc), Compensation Plan Grant Agreement (H&r Block Inc)

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Payment of the Option Price. Full payment of the Option Price for shares purchased shall be made at the time the Participant Recipient exercises the Stock Option. Payment of the aggregate Option Price may be made in (a) cash, (b) by delivery of Common Stock (with a value equal to the Closing Price of Common Stock on the last trading date preceding the date on Exhibit 1 JUNE 30, 2006 which the Stock Sock Option is exercised), or (c) a combination thereof. Payment shall be made only in cash unless at least six months have elapsed between the date of ParticipantRecipient’s acquisition of each share of Common Stock delivered by Participant Recipient in full or partial payment of the aggregate Option Price and the date on which the Stock Option is exercised.

Appears in 1 contract

Samples: Award Agreement (H&r Block Inc)

Payment of the Option Price. Full payment of the Option Price for shares purchased shall be made at the time the Participant exercises the Stock Option. Payment of the aggregate Option Price may be made in (a) cashcash (which may include same day sales through a broker), (b) by delivery of Common Stock (with a value equal to the Closing Price of Common Stock on the last trading date preceding the date on which the Stock Option is exercised), or (c) a combination thereof. Payment shall be made only in cash unless at least six 6 months have elapsed between the date of Participant’s acquisition of each share of Common Stock delivered by Participant in full or partial payment of the aggregate Option Price and the date on which the Stock Option is exercised.

Appears in 1 contract

Samples: Grant Agreement (H&r Block Inc)

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Payment of the Option Price. Full payment of the Option Price for shares purchased shall be made at the time the Participant exercises the this Stock Option. Payment of the aggregate Option Price may be made in (a) cashcash (which may include same day sales through a broker), (b) by delivery of Common Stock (with a value equal to the Closing Price of Common Stock on the last trading date preceding the date on which the this Stock Option is exercised), or (c) a combination thereof. Payment shall be made only in cash unless at least six (6) months have elapsed between the date of Participant’s acquisition of each share of Common Stock delivered by Participant in full or partial payment of the aggregate Option Price and the date on which the Stock Option is exercised.

Appears in 1 contract

Samples: Award Agreement (H&r Block Inc)

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