Stock Payments. Provided that prior approval of the Company has been obtained, the Executive may use Common Stock of the Company owned by him or her to pay the purchase price for the Option Shares by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value.
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Sources: Stock Option Agreement (Juniper Partners Acquisition Corp.), Stock Option Agreement (Juniper Partners Acquisition Corp.)
Stock Payments. Provided that prior approval of the Company has been obtained, the Executive may use Common Stock of the Company owned by him or her to pay the purchase price for the Option Shares by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value.
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