Common use of Payment Upon Exercise Clause in Contracts

Payment Upon Exercise. Common Stock purchased upon the exercise of this option shall be paid for as follows: (a) in cash, by wire transfer to the Company, by bank transfer to the Company or by check payable to the order of the Company; or (b) by any combination of the above permitted forms of payment.

Appears in 4 contracts

Sources: Nonstatutory Stock Option Agreement (Penwest Pharmaceuticals Co), Incentive Stock Option Agreement (Penwest Pharmaceuticals Co), Nonstatutory Stock Option Agreement (Penwest Pharmaceuticals Co)