Common use of Payment Upon Exercise Clause in Contracts

Payment Upon Exercise. Payment for the shares subject to any Option may be tendered in cash or by certified, bank cashier’s or teller’s check or by shares of the Company’s common stock (valued at fair market value (as determined by the Company) as of the date of tender) already owned by the Optionee, or some combination of the foregoing or through cashless exercise or such other form of consideration which has been approved by the Board of Directors or committee thereof (the “Board”), including a promissory note given by the Optionee.

Appears in 10 contracts

Samples: Employee Stock Option Agreement (Autobytel Inc), Employee Stock Option Agreement (Autobytel Inc), Employee Stock Option Agreement (Autobytel Inc)

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Payment Upon Exercise. Payment for the shares subject to any 1998 Performance Option may be tendered in cash or by certified, bank cashier’s 's or teller’s 's check or by shares of the Company’s 's common stock (valued at fair market value (as determined by the Company) as of the date of tender) already owned by the OptioneeExecutive, or some combination of the foregoing or through cashless exercise or such other form of consideration which has been approved by the Board of Directors or committee thereof (the “Board”), including any approved cashless exercise mechanism or a promissory note given by the OptioneeExecutive.

Appears in 3 contracts

Samples: Agreement (Autobytel Com Inc), Employment Agreement (Autobytel Com Inc), Employment Agreement (Autobytel Com Inc)

Payment Upon Exercise. Payment for the shares subject to any Option may be tendered in cash or by certified, bank cashier’s 's or teller’s 's check or by shares of the Company’s 's common stock (valued at fair market value (as determined by the Company) as of the date of tender) already owned by the OptioneeExecutive, or some combination of the foregoing or through cashless exercise or such other form of consideration which has been approved by the Board of Directors or committee thereof (the “Board”), including a promissory note given by the OptioneeExecutive.

Appears in 3 contracts

Samples: Employment Agreement (Autobytel Com Inc), Employment Agreement (Autobytel Com Inc), Employment Agreement (Autobytel Inc)

Payment Upon Exercise. Payment for the shares subject to any Regular 1998 Option may be tendered in cash or by certified, bank cashier’s 's or teller’s 's check or by shares of the Company’s 's common stock (valued at fair market value (as determined by the Company) as of the date of tender) already owned by the OptioneeExecutive, or some combination of the foregoing or through cashless exercise or such other form of consideration which has been approved by the Board of Directors or committee thereof (the “Board”), including any approved cashless exercise mechanism or a promissory note given by the OptioneeExecutive.

Appears in 3 contracts

Samples: Employment Agreement (Autobytel Com Inc), Employment Agreement (Autobytel Com Inc), Agreement (Autobytel Com Inc)

Payment Upon Exercise. Payment for the shares subject to any Regular Option may be tendered in cash or by certified, bank cashier’s 's or teller’s 's check or by shares of the Company’s 's common stock (valued at fair market value (as determined by the Company) as of the date of tender) already owned by the OptioneeExecutive, or some combination of the foregoing or through cashless exercise or such other form of consideration which has been approved by the Board of Directors or committee thereof (the “Board”), including any approved cashless exercise mechanism or a promissory note given by the OptioneeExecutive.

Appears in 1 contract

Samples: Employment Agreement (1st Net Technologies Inc)

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Payment Upon Exercise. Payment for the shares subject to any Option stock option may be tendered in cash or by certified, bank cashier’s or teller’s check or by shares of the Company’s common stock (valued at fair market value (as determined by the Company) as of the date of tender) already owned by the OptioneeExecutive, or some combination of the foregoing or through cashless exercise or such other form of consideration which has been approved by the Board of Directors or committee thereof (the “Board”), including a promissory note given by the OptioneeExecutive.

Appears in 1 contract

Samples: Employment Agreement (Autobytel Inc)

Payment Upon Exercise. Payment for the shares subject to any Stock Option may be tendered in cash or by certified, bank cashier’s or teller’s check or by shares of the Company’s common stock (valued at fair market value (as determined by the Company) as of the date of tender) already owned by the OptioneeExecutive, or some combination of the foregoing or through cashless exercise or such other form of consideration which has been approved by the Board of Directors or committee thereof (the “Board”), including a promissory note given by the OptioneeExecutive.

Appears in 1 contract

Samples: Employment Agreement (Autobytel Inc)

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