Common use of Time and Method of Exercise Clause in Contracts

Time and Method of Exercise. The Committee shall --------------------------- determine at the date of grant or thereafter the time or times at which an Option may be exercised in whole or in part (including, without limitation, upon achievement of performance criteria if deemed appropriate by the Committee), the methods by which such exercise price may be paid or deemed to be paid (including, without limitation, broker-assisted exercise arrangements), the form of such payment (including, without limitation, cash, Shares, notes or other property), and the methods by which Shares will be delivered or deemed to be delivered to Eligible Employees.

Appears in 2 contracts

Sources: Annual Report, 1993 Long Term Incentive and Share Award Plan (Xl Capital LTD)

Time and Method of Exercise. The Committee shall --------------------------- determine at the date of grant or thereafter the time or times at which an Option may be exercised in whole or in part (including, without limitation, upon achievement of performance criteria if deemed appropriate by the Committee), the methods by which such exercise price may be paid or deemed to be paid (including, without limitation, broker-assisted exercise arrangements), the form of such payment (including, without limitation, cash, Shares, notes or other property), and the methods by which Shares will be delivered or deemed to be delivered to Eligible Employees.

Appears in 1 contract

Sources: 1997 Long Term Incentive and Share Award Plan for Employees (Anadigics Inc)