Manner of Exercise definition

Manner of Exercise. The Options or any portions of the Options shall be exercised only in accordance to the provisions of this Agreement. The person exercising the Options shall give to the Company a written notice that shall (a) state the number of Shares with respect to which the Options are being exercised; and (b) specify a date (other than Saturday, Sunday or legal holiday) not more than ten days after the date of such written notice, as the date on which the Shares will be purchased. Such tender and conveyance shall take place at the principal office of the Company during ordinary business hours, or at such other hour and place agreed upon by the Company and the person or persons exercising the Option. On the date specified in such written notice, the Company shall accept payment for the Shares being purchased in cash, by bank or certified check, by wire transfer, or by such other means as may be approved by the Company, and shall deliver to the person or persons exercising the Options in exchange therefore an appropriate certificate or certificates for fully paid non-assessable shares or undertake to deliver certificates within a reasonable period of time. In the event of any failure to take up and pay for the number of Shares specified in such written notice on the date set forth therein (or on the extended date as provided above), the right to exercise the Options shall terminate with respect to such number of Shares, but shall continue with respect to the remaining Shares covered by the Options and not yet acquired pursuant thereto. The person who exercises the Option shall warrant to the Company that, at the time of such exercise, such person is acquiring his or her Option Shares for investment and not with a view to, or for, or in connection with, the distribution of any such Shares, and shall make such other representations, warranties, acknowledgements and affirmations, if any, as the Company may require. In such event, the person acquiring such Shares shall be bound by the provisions of an appropriate legend, which shall be endorsed upon the certificate(s) evidencing his or her Shares issued pursuant to such exercise. The Company may delay issuance of the Shares if completion of any corporate action or required consent is not obtained that the Company deems necessary under any applicable federal or state laws (including and without limitation to state securities or "blue sky" laws).
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Manner of Exercise. Participant may exercise an Option on any business day of the Corporation within the Exercise Period by delivery to the Secretary of the Corporation at the Corporation's principal office, either by mail, facsimile, or in person, of a properly completed notice of exercise, on a form approved by the Secretary, together with full payment of the aggregate Exercise Price and the Federal, state and local tax withholding obligation as provided in Sections 2.3 and 5.1 hereof. The date such form is received by the Secretary shall be the date of exercise. Such form shall specify the Participant, Participant's Social Security number, the Award Date, the number of the Options being exercised, the aggregate Exercise Price, and the manner in which the Participant intends to satisfy the resultant tax withholding obligation. The minimum number of Options that may be exercised at any one time shall be 100 or, if less, the aggregate number of outstanding Options then credited to Participant and exercisable. In the event the Option is being exercised pursuant to Section 2.1 by any person other than Participant, such person shall also submit at the time of exercise satisfactory proof of the right of such person to exercise the Option.
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Manner of Exercise. You may exercise this Option only if it has not been forfeited or has not otherwise expired, and only to the extent this Option is vested. To exercise this Option, you must comply with such exercise and notice procedures as the Administrator may establish from time to time, including, without limitation, payment of the exercise price and any applicable tax withholding amounts. Unless otherwise determined by the Administrator, the payment of the exercise price and applicable tax withholding amounts may be made at your election (i) in cash or its equivalent (e.g., by check), (ii) in Shares having a Fair Market Value equal to the aggregate exercise price for the Shares being purchased and satisfying such other requirements as may be imposed by the Administrator (provided that such Shares have been held by the Participant for no less than six months or such other period, if any, as established from time to time by the Administrator to avoid adverse accounting treatment under generally accepted accounting principles), (iii) partly in cash and partly in such Shares, or (iv) by having the Company withhold from the Shares otherwise issuable upon exercise a whole number of shares with a Fair Market Value equal to the exercise price and applicable tax withholding amounts and issuing the net number of remaining Shares to you; provided that, if the whole number of Shares does not exactly equal the exercise price and applicable tax withholding amounts, then the Company will withhold the whole number of Shares necessary to cover such amounts and will issue a check to you equal to the Fair Market Value of any fractional Share not needed. A properly completed notice of stock option exercise (or such other notice as is prescribed) will become effective upon receipt of the notice and any required payment by the Company (or its designee); provided that the Company may suspend exercise of the Option pending its determination of whether your employment will be or could have been terminated for Cause and, if such a determination is made, your notice of stock option exercise (or such other notice as is prescribed) will automatically be rescinded. If, following your death, your beneficiary or heir, or such other person or persons as may acquire your rights under this Option by will or by the laws of descent and distribution, wishes to exercise this Option, such person must contact the Company and prove to the Company’s satisfaction that such person has the right and is entitled t...
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Examples of Manner of Exercise in a sentence

  • Manner of Exercise of Conversion rights: In order to exercise the conversion rights of this Note, the Holder must give notice to the Company at anytime during the Holder's Conversion Period of its intention to exercise its conversion rights.

  • Any exercisable portion of the Option or the entire Option, if then wholly exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof becomes unexercisable under Section 3.3.4.3 Manner of Exercise.

  • Sections 3.4 (Manner of Exercise and Form of Payment), 3.6 (Effect of Exercise) and 3.7 (Order of Exercise) applicable to Nonqualified Stock Options, shall apply equally to Incentive Stock Options.

  • Manner of Exercise and Payment: An Option, or portion thereof, shall be exercised by delivery of a written notice of exercise to the Company and payment of the full price of the shares being purchased pursuant to the Option.

  • Manner of Exercise; Issuance of Certificates; Payment for Warrant Exercised Units .

  • Manner of Exercise; Issuance of Certificates; Payment for Shares.

  • Any exercisable portion of the Option or the entire Option, if then wholly exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof becomes unexercisable under Section 3.3. 4.3 Manner of Exercise.

  • Manner of Exercise: You may exercise this Option only if it has not been forfeited or has not otherwise expired, and only to the extent this Option is vested.

  • Subject to the first sentence of this paragraph, the Committee may extend the term of any stock option to the extent provided in Section 10.4.6.4. Manner of Exercise.

  • However, an Option shall not be exercisable with respect to fractional shares and the Administrator may require that, by the terms of the Option, a partial exercise must be with respect to a minimum number of shares.7.2 Manner of Exercise.


More Definitions of Manner of Exercise

Manner of Exercise. As further described in the Plan, a Participant entitled to exercise the Option or any portion thereof may do so by delivering written notice of exercise in person or addressed and mailed, certified mail, postage-prepaid, to the Company at its executive office in Alpharetta, Georgia or such other address as the Company may, from time to time, specify, except as otherwise limited hereby. Such written notice shall specify the number of Shares with respect to which the Option is being exercised, the purchase price of each Share, the aggregate purchase price for all Shares being purchased under said notice, and the date (which shall not be more than ninety (90) days after the notice) upon which the Shares shall be purchased. Such notice shall be signed by such Participant (or other person authorized to exercise such Options) and shall be accompanied by payment, whether in cash, by check, by shares of Common Stock (whether issuable in connection with the exercise of the Option if permitted by the Committee in its sole discretion following prior written request by the Participant or previously acquired by the Participant if acquired more than six months prior to the date of exercise of the Option), or any combination thereof, as elected by the Participant subject to the limitations stated above, in full for such aggregate purchase price. The Committee's decision to allow payments to be made in the form of Shares
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Manner of Exercise. To exercise an Option in whole or in part, the Participant must deliver to the Grantor or its duly appointed agent:
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Manner of Exercise. You may exercise your Option only to the extent vested and only if it has not terminated. To exercise your Option, you must comply with all procedures required by the Administrator. You may exercise your Option in whole or in part, but no exercise shall be for fewer than 25 Shares or all of the Shares subject to the Option, if fewer. If someone else wants to exercise your Option after your death, that person must contact the Company and prove to the Company’s satisfaction that he or she is entitled to do so. Your ability to exercise your Option may be restricted by the Company if required by applicable law. Transferability of Shares: By accepting this Agreement, you agree not to sell any Shares acquired under this Agreement at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. Transferability of Award: You may not transfer or assign this Agreement for any reason, other than under your will or as required by intestate laws. Any attempted transfer or assignment will be null and void.
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Manner of Exercise. The Optionee shall give written notice to the Company specifying the number of full shares to be purchased accompanied by payment in cash, by certified check, upon approval by the Board, his promissory note (secured by collateral other than the shares acquired), or other shares of the Company's Common Stock, for the full purchase price. No share shall be issued until full payment therefor has been made.
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Related to Manner of Exercise

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Initial Warrant Exercise Date means __________, 1997.

  • Warrant Exercise Price means $0.04 per share.

  • Notice of Exercise means a notice in writing addressed to the Company at its address first recited, which notice shall specify therein the number of Optioned Shares in respect of which the Option is being exercised;

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

  • Date of Exercise means the date on which the Company shall have received (i) this Warrant (or any New Warrant, as applicable), with the Form of Election to Purchase attached hereto (or attached to such New Warrant) appropriately completed and duly signed, and (ii) payment of the Exercise Price for the number of Warrant Shares so indicated by the holder hereof to be purchased.

  • Option Exercise Period has the meaning set forth in Section 5.3(c).

  • Make-Whole Exercise Solely for purposes of this Section 6.2, the “Redemption Fair Market Value” shall mean the volume weighted average price of the Ordinary Shares for the ten (10) trading days immediately following the date on which notice of redemption pursuant to this Section 6.2 is sent to the Registered Holders. In connection with any redemption pursuant to this Section 6.2, the Company shall provide the Registered Holders with the Redemption Fair Market Value no later than one (1) Business Day after the ten (10) trading day period described above ends. Redemption Date Redemption Fair Market Value of Class A ordinary shares (period to expiration of warrants) <10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 >18.00 60 months 0.261 0.280 0.297 0.311 0.324 0.337 0.348 0.358 0.361 57 months 0.257 0.277 0.294 0.310 0.324 0.337 0.348 0.358 0.361 54 months 0.252 0.272 0.291 0.307 0.322 0.335 0.347 0.357 0.361 51 months 0.246 0.268 0.287 0.304 0.320 0.333 0.346 0.357 0.361 48 months 0.241 0.263 0.283 0.301 0.317 0.332 0.344 0.356 0.361 45 months 0.235 0.258 0.279 0.298 0.315 0.330 0.343 0.356 0.361 42 months 0.228 0.252 0.274 0.294 0.312 0.328 0.342 0.355 0.361 39 months 0.221 0.246 0.269 0.290 0.309 0.325 0.340 0.354 0.361 36 months 0.213 0.239 0.263 0.285 0.305 0.323 0.339 0.353 0.361 33 months 0.205 0.232 0.257 0.280 0.301 0.320 0.337 0.352 0.361 30 months 0.196 0.224 0.250 0.274 0.297 0.316 0.335 0.351 0.361 27 months 0.185 0.214 0.242 0.268 0.291 0.313 0.332 0.350 0.361 24 months 0.173 0.204 0.233 0.260 0.285 0.308 0.329 0.348 0.361 21 months 0.161 0.193 0.223 0.252 0.279 0.304 0.326 0.347 0.361 18 months 0.146 0.179 0.211 0.242 0.271 0.298 0.322 0.345 0.361 15 months 0.130 0.164 0.197 0.230 0.262 0.291 0.317 0.342 0.361 12 months 0.111 0.146 0.181 0.216 0.250 0.282 0.312 0.339 0.361 9 months 0.090 0.125 0.162 0.199 0.237 0.272 0.305 0.336 0.361 6 months 0.065 0.099 0.137 0.178 0.219 0.259 0.296 0.331 0.361 3 months 0.034 0.065 0.104 0.150 0.197 0.243 0.286 0.326 0.361 0 months — — 0.042 0.115 0.179 0.233 0.281 0.323 0.361 The exact Redemption Fair Market Value and Redemption Date may not be set forth in the table above, in which case, if the Redemption Fair Market Value is between two values in the table or the Redemption Date is between two redemption dates in the table, the number of Ordinary Shares to be issued for each Warrant exercised in a Make-Whole Exercise will be determined by a straight-line interpolation between the number of shares set forth for the higher and lower Redemption Fair Market Values and the earlier and later redemption dates, as applicable, based on a 365- or 366-day year, as applicable. The share prices set forth in the column headings of the table above shall be adjusted as of any date on which the number of shares issuable upon exercise of a Warrant or the Warrant Price is adjusted pursuant to Section 4 hereof. In the event of a Warrant Price adjustment pursuant to Section 4.3, the adjusted share prices in the column headings shall equal the share prices immediately such adjustment, multiplied by a fraction, the numerator of which is the Warrant Price after such adjustment and the denominator of which is the Warrant Price immediately after such adjustment. In such an event, the number of shares in the table above shall be adjusted by multiplying such share amounts by a fraction, the numerator of which is the number of shares deliverable upon exercise of a Warrant immediately prior to such adjustment and the denominator of which is the number of shares deliverable upon exercise of a Warrant as so adjusted. If the Warrant Price is adjusted pursuant to Section 4.4, the adjusted share prices set forth in the column headings of the table above shall be multiplied by a fraction, the numerator of which is the higher of the Market Value and the Newly Issued Price and the denominator of which is $10.00. In no event will the number of shares issued in connection with a Make-Whole Exercise exceed 0.361 Ordinary Shares per Warrant (subject to adjustment).

  • Option Exercise Notice has the meaning set forth in Section 2.4(c).

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • Exercise Notice has the meaning set forth in Section 3.2(1);

  • Election to Exercise shall have the meaning ascribed thereto in Clause 2.2(d)(ii);

  • Initial Exercise Date shall have the meaning ascribed to such term in the Preamble.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.

  • Option Exercise Date has the meaning specified in Section 2.1.

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date.

  • Demand Exercise Notice has the meaning set forth in Section 2.1(a).

  • Minimum Exercise Amount means the Minimum Exercise Amount as specified in § 1 of the Product and Underlying Data.

  • Exercise Form means an Exercise Form in the form annexed hereto as Exhibit A.

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • SAR Exercise Price means the per share exercise price of a SAR granted to a Grantee under Section 9 hereof.

  • Aggregate Option Exercise Price means an amount equal to the aggregate dollar amount of the exercise price on all Company Options outstanding immediately prior to the Effective Time.

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2011-1 Vehicle for which the related 2011-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Exercise Agreement has the meaning set forth in Section 3(a)(i).