Conditions to Exercise of Option. Tenant’s right to extend is conditioned upon and subject to each of the following:
Conditions to Exercise of Option. Except as otherwise set forth in Section 7 below, the Optionee may exercise this Option or any portion thereof after it has vested and during his lifetime only while he is employed by, or providing services to, the Company or a Subsidiary.
Conditions to Exercise of Option. Purchaser may exercise the Option if, but only if (i) Purchaser shall have accepted for payment and paid for all Shares validly tendered and not withdrawn pursuant to the Offer (the “Accepted Shares”), (ii) the Accepted Shares shall equal at least eight-five percent (85%) but less than ninety percent (90%) of the issued and outstanding Shares, and (iii) the Accepted Shares, together with the Option Shares immediately after exercise of the Option, would result in Parent, Purchaser and their respective subsidiaries owning (of record or beneficially) in the aggregate, at least ninety percent (90%) of the issued and outstanding Shares. If at any time prior to the Expiration Date, the conditions to the exercise of the Option set forth in this Section 2(a) are satisfied, Parent and Purchaser hereby agree to exercise the Option and to take all actions required under this Agreement to consummate the Option Closing.
Conditions to Exercise of Option. A. Subject to the provisions of Section 2, this Option may be exercised by fifteen (15) days' prior written notice delivered to the Secretary of the Corporation stating the number of Option Shares with respect to which the Option is being exercised and accompanied by payment of the Option Price either: (i) by cashier's check payable to the order of Corporation; (ii) by the delivery and exchange of a number of already outstanding shares of Common Stock, previously acquired by Optionee, having a fair market value equal to the Option Price; (iii) by a combination of cashier's check and shares of common stock under (i) and (ii) above; or (iv) in any other form acceptable to Corporation.
Conditions to Exercise of Option. Except as otherwise set forth in Section 6, the Optionee may exercise the Option or any portion thereof to the extent then vested at any time or from time to time during the period commencing on the grant date set forth on the Schedules and ending on the Expiration Date. The Option may be exercised only by the Optionee or, in the event of his death or incompetence, his personal representative or heirs, as the case may be.
Conditions to Exercise of Option. Tenant' rights to extend is -------------------------------- conditioned upon and subject to each of the following:
Conditions to Exercise of Option. Provided that Tenant is not in Default under this Lease at the time of exercise of the option to extend or at the commencement of the extension term, Tenant shall have the right to extend the Term of this Lease for an additional period of three years (“Extension Term”) commencing upon April 1, 2019.
Conditions to Exercise of Option. Tenant’s right to renew is conditioned upon and subject to each of the following:
Conditions to Exercise of Option. The Optionee may exercise the Option or any portion thereof to the extent then vested at any time or from time to time during the period commencing on the Grant Date set forth on Schedule 1 and ending on the Expiration Date (the “Option Term”). The Option may be exercised only by the Optionee or, in the event of his death or incompetence, his personal representative or heirs, as the case may be.
Conditions to Exercise of Option. Upon the acquisition of any shares of Common Stock pursuant to the exercise of this option, the Optionee will enter into such written representations, warranties and agreements as the Company may reasonably request in order to comply with applicable securities laws or with this agreement. In addition, issuance of such Common Stock may be subject to and conditioned upon, at the Company’s option, the Optionee’s execution of a restrictive or shareholder agreement. The certificates representing the shares of Common Stock purchased by exercising of this option may be stamped or otherwise imprinted with a legend in such form as the Company or its counsel may require with respect to any applicable restrictions on sale or transfer and the stock transfer records of the Company may reflect stop-transfer instructions with respect to such share of Common Stock.
