Transfer Upon Exercise Clause Samples
Transfer Upon Exercise. Upon delivery to the Shareholder of the Exercise Notice by the Optionholder, the Shareholder (or in the event of the Shareholder's death, the personal representative of Shareholder) shall timely deliver or cause to be delivered to the Purchaser on the date and at the place of closing set forth in the Exercise Notice such stock certificates and stock powers, duly endorsed for transfer, as are necessary to complete the transfer of the Share to Purchaser. Upon delivery to the Purchaser of such instruments, the Purchaser shall immediately pay the Exercise Price to the Shareholder.
Transfer Upon Exercise. Upon delivery to the Corporation of any Exercise Notice by the Purchaser, the Corporation shall timely deliver or cause to be delivered to the Purchaser on the date of closing at the place of closing (as specified above) such stock certificate(s) as are necessary to complete the transfer of shares of Common Stock required by this Warrant and such Exercise Notice. Upon delivery to the Purchaser of such stock certificate(s), the Purchaser shall pay the Warrant Price for such shares to the Corporation as set forth above.
Transfer Upon Exercise. For income tax purposes, the Shares will be considered transferred to Holder on the date on which the Options are exercised with respect to such Shares.
Transfer Upon Exercise. If the Company or any assignee exercises its Repurchase Option, the Escrow Holder, upon receipt of written notice of such option exercise from the proposed transferee, shall take all steps necessary to accomplish such transfer.