Common use of Election to Exercise Clause in Contracts

Election to Exercise. The Participant (or in the case of exercise after the Participant's death or incapacity, the Participant's executor, administrator, heir or legatee, as the case may be) may exercise all or any part of the vested Options by delivering to the Company an executed stock option exercise notice in such form as is approved by the Committee from time to time, which shall set forth: (i) the Participant's election to exercise the Options, (ii) the number of shares of Common Stock being purchased, (iii) any restrictions imposed on the shares, and (iv) any representations, warranties and agreements regarding the Participant's investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Options, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Options.

Appears in 3 contracts

Samples: Option Award Agreement (Portillo's Inc.), Stock Option Award Agreement (Portillo's Inc.), Stock Option Award Agreement (First Watch Restaurant Group, Inc.)

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Election to Exercise. The Participant (or in the case of exercise after the Participant's ’s death or incapacity, the Participant's ’s executor, administrator, heir or legatee, as the case may be) may exercise all or any part of the vested Share Options by delivering to the Company an executed stock option Share Option exercise notice in such form as is approved by the Committee from time to time, which shall set forth: (i) the Participant's ’s election to exercise the Share Options, (ii) the number of shares of Common Stock Shares being purchased, (iii) any restrictions imposed on the sharesCommon Shares, and (iv) any representations, warranties and agreements regarding the Participant's ’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Share Options, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Share Options.

Appears in 2 contracts

Samples: Share Option Award Agreement (Wejo Group LTD), Incentive Plan Share Option Award Agreement (Wejo Group LTD)

Election to Exercise. The Participant (or in the case of exercise after the Participant's ’s death or incapacity, the Participant's ’s executor, administrator, heir or legatee, as the case may be) may exercise all or any part of the vested Share Options by delivering to the Company an executed stock option Share Option exercise notice in such form as is approved by the Committee from time to time, which shall set forth: (i) the Participant's ’s election to exercise the Share Options, (ii) the number of shares of Common Stock Shares being purchased, (iii) any restrictions imposed on the sharesCommon Shares, and (iv) any representations, warranties and agreements regarding the Participant's ’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Share Options, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Share Options.. (b)

Appears in 1 contract

Samples: Incentive Plan Share Option Award Agreement (Wejo Group LTD)

Election to Exercise. The Participant (or in the case of exercise after the Participant's ’s death or incapacity, the Participant's ’s executor, administrator, heir or legatee, as the case may be) may exercise all or any part of the vested Stock Options by delivering to the Company an executed stock option Stock Option exercise notice in such form as is approved by the Committee from time to time, which shall set forth: (i) the Participant's ’s election to exercise the Stock Options, (ii) the number of shares of Common Stock being purchased, (iii) any restrictions imposed on the shares, and (iv) any representations, warranties and agreements regarding the Participant's ’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Stock Options, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Stock Options.. ​ ​

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (Getty Images Holdings, Inc.)

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Election to Exercise. The Participant (or in the case of exercise after the Participant's ’s death or incapacity, the Participant's ’s executor, administrator, heir or legatee, as the case may be) may exercise all or any part of the vested Options by delivering to the Company an executed stock option exercise notice in such form as is approved by the Committee from time to time, which shall set forth: (i) the Participant's ’s election to exercise the Options, (ii) the number of shares of Common Stock being purchased, (iii) any restrictions imposed on the shares, and (iv) any representations, warranties and agreements regarding the Participant's ’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Options, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Options.

Appears in 1 contract

Samples: Stock Option Award Agreement (Portillo's Inc.)

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