TERM AND EXERCISE OF OPTIONS. 5.1 Options shall be exercised by the Optionee by giving written notice and the payment of the purchase price to the Company, in such form and method as may be determined by the Company and when applicable, by the trustee appointed under Section 102 (the "Trustee") in accordance with the requirements of Section 102, which exercise shall be effective upon receipt of such notice by the Company and the payment of the Purchase Price at its principal office. The notice shall specify the number of Shares with respect to which the Option is being exercised.
Appears in 5 contracts
Samples: Trust Note (OphthaliX, Inc.), Made (OphthaliX, Inc.), OphthaliX, Inc.
