Conditions to Exercise. The Exercise Price for this option must be paid in cash or its equivalent, or, in the Committee’s sole discretion, in Shares of equivalent value that (a) were previously issued to the Participant and (b) have been held by the Participant for at least six (6) months prior thereto, or by such other means as the Committee, in its discretion, permits. Exercise of this option will not be permitted until satisfactory arrangements have been made for the payment of the appropriate amount of withholding taxes (as determined by the Company).
Appears in 8 contracts
Samples: Non Qualified Stock Option Agreement (Del Monte Foods Co), Stock Incentive Plan (Del Monte Foods Co), Non Qualified Stock Option Agreement (Del Monte Foods Co)
Conditions to Exercise. The Exercise Price for this option must be paid in cash or its equivalent, the legal tender of the United States or, in the Committee’s 's sole discretion, in Shares of equivalent value that (a) were previously issued to the Participant and (b) have been held by the Participant for at least six (6) months prior thereto, or by such other means as the Committee, in its discretion, permitsShares. Exercise of this option will not be permitted until satisfactory arrangements have been made for the payment of the appropriate amount of withholding taxes (as determined by the Company).
Appears in 5 contracts
Samples: Nonqualified Stock Option Agreement (Transamerica Corp), Nonqualified Stock Option Agreement (Transamerica Corp), Nonqualified Stock Option Agreement (Transamerica Corp)
