Common use of Shares Issued on Exercise of Option Clause in Contracts

Shares Issued on Exercise of Option. It is the intention of Saia that on any exercise of this option it will transfer to Optionee shares of its authorized but unissued stock or transfer treasury shares, or utilize any combination of treasury shares and authorized but unissued shares, to satisfy its obligations to deliver shares on any exercise hereof.

Appears in 8 contracts

Samples: Employee Nonqualified Stock Option Agreement (Saia Inc), Employee Nonqualified Stock Option Agreement (Saia Inc), Employee Nonqualified Stock Option Agreement (Saia Inc)

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Shares Issued on Exercise of Option. It is the intention of Saia that on any exercise of this option it will transfer to Optionee shares of its authorized but unissued stock or transfer treasury shares, or utilize any combination of treasury 603122288 5 shares and authorized but unissued shares, to satisfy its obligations to deliver shares on any exercise hereof.

Appears in 1 contract

Samples: Employee Nonqualified Stock Option Agreement (Saia Inc)

Shares Issued on Exercise of Option. It is the intention of Saia that on any exercise of this option it will transfer to Optionee shares of its authorized but unissued stock or 601508814 3 transfer treasury shares, or utilize any combination of treasury shares and authorized but unissued shares, to satisfy its obligations to deliver shares on any exercise hereof.

Appears in 1 contract

Samples: Agreement (Saia Inc)

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Shares Issued on Exercise of Option. It is the intention of Saia that on any exercise of this option it will transfer to Optionee shares of its authorized but unissued stock or transfer treasury shares, or utilize any combination of treasury shares and authorized but unissued shares, to satisfy its obligations to deliver shares on any exercise hereof.its

Appears in 1 contract

Samples: Employee Nonqualified Stock Option Agreement (Saia Inc)

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