Common use of Surrender of Stock Clause in Contracts

Surrender of Stock. With the Committee’s consent, all or any part of the Exercise Price may be paid by surrendering, or attesting to the ownership of, Common Shares that are already owned by the Optionee. Such Common Shares shall be valued at their Fair Market Value on the date when the new Common Shares are purchased under the Plan.

Appears in 6 contracts

Samples: Alimera Sciences Inc, Alimera Sciences Inc, Alimera Sciences Inc

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Surrender of Stock. With the Committee’s consent, all or any part of the Exercise Price may be paid by surrendering, or attesting to the ownership of, Common Shares that are already owned by the Optionee. Such Common Shares shall be valued at their Fair Market Value on the date when the new Common Shares are purchased under the Plan.

Appears in 2 contracts

Samples: Riverbed Technology, Inc., GlassHouse Technologies Inc

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Surrender of Stock. With the Committee’s 's consent, all or any part of the Exercise Price may be paid by surrendering, or attesting to the ownership of, Common Shares that are already owned by the Optionee. Such Common Shares shall be valued at their Fair Market Value on the date when the new Common Shares are purchased under the Plan.

Appears in 1 contract

Samples: Theravance Inc

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