Surrender of Stock. Payment of all of the Exercise Price and any payroll withholding taxes may be made with Shares that have already been owned by the Optionee or Optionee’s representative for more than 6 months and which are surrendered to the Company in good form for transfer. Such Shares shall be valued at their Fair Market Value on the date when the new Shares are purchased pursuant to exercise of the Option.
Appears in 4 contracts
Samples: Key Officer (Greater Bay Bancorp), Stock Option Agreement (Greater Bay Bancorp), Stock Option Agreement (Greater Bay Bancorp)
Surrender of Stock. Payment of all or part of the Exercise Price and any payroll withholding taxes may be made all or in part with Shares that which have already been owned by the Optionee or Optionee’s 's representative for more than 6 months and which are surrendered to the Company in good form for transfer. Such Shares shall be valued at their Fair Market Value on the date when the new Shares are purchased pursuant to exercise of the Option.
Appears in 3 contracts
Samples: Nonstatutory Stock Option Agreement (Greater Bay Bancorp), California Independent Bancorp Nonqualified Stock Option Agreement (California Independent Bancorp), California Independent Bancorp Incentive Stock Option Agreement (California Independent Bancorp)
Surrender of Stock. Payment of all or part of the Exercise Price and any payroll withholding taxes may be made all or in part with Shares that which have already been owned by the Optionee or Optionee’s representative for more than 6 months and which are surrendered to the Company in good form for transfer. Such Shares shall be valued at their Fair Market Value on the date when the new Shares are purchased pursuant to exercise of the Option.
Appears in 2 contracts
Samples: Nonstatutory Stock Option Agreement (Greater Bay Bancorp), Nonstatutory Stock Option Agreement (Greater Bay Bancorp)
Surrender of Stock. Payment of all or part of the ------------------ Exercise Price and any payroll withholding taxes may be made all or in part with Shares that which have already been owned by the Optionee or Optionee’s 's representative for more than 6 months and which are surrendered to the Company in good form for transfer. Such Shares shall be valued at their Fair Market Value on the date when the new Shares are purchased pursuant to exercise of the Option.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (First Financial Bancorp /Ca/), Nonstatutory Stock Option Agreement (First Financial Bancorp /Ca/)
Surrender of Stock. Payment of all or part of the Exercise Price and any payroll withholding taxes may be made all or in part with Shares that which have already been owned by the Optionee or Optionee’s 's representative for more than 6 six (6) months and which are surrendered to the Company FNB in good form for transfer. Such Shares shall be valued at their Fair Market Value on the date when the new Shares are purchased pursuant to exercise of the Option.
Appears in 1 contract
Samples: Nonstatutory Stock Option Agreement (FNB Bancorp/Ca/)
Surrender of Stock. Payment of all or part of the Exercise Price and any payroll withholding taxes may be made all or in part with Shares that which have already been owned by the Optionee or Optionee’s 's representative for more than 6 six (6) months and which are surrendered to the Company FNB in good form for transfer. Such Shares shall be valued at their Fair Market Value fair market value on the date when the new Shares are purchased pursuant to the exercise of the Option.
Appears in 1 contract
