EXERCISE AND HOLD. If you elect this alternative, you must pay the full Exercise Price plus related taxes (in cash, a cash equivalent or in Shares having a Fair Market Value equal to the Exercise Price and which you have owned for at least six months before the exercise date). When the transaction is complete, you will receive the number of Shares purchased.
EXERCISE AND HOLD. If you elect this alternative, you must pay the full exercise price plus related taxes (in cash, a cash equivalent or in common shares of the Company having a value equal to the exercise price and which you have owned for at least six months before the exercise date). When the transaction is complete, you will receive one common share for each NSO exercised. Before choosing an exercise method, you should read the Prospectus, as supplemented, to ensure you understand the federal income tax effect of exercising your NSOs and of the exercise method you choose. If you do not elect one of these methods, we will apply the Cashless Exercise and Sell method described above. Tax Treatment of Your NSOs The federal income tax treatment of your NSOs is discussed in the Plan’s Prospectus, as supplemented. ***** General Terms and Conditions You May Forfeit Your NSOs if Your Employment Ends Normally, you may exercise your NSOs after they vest and before the Expiration Date ([Expiration Date]). However, to the extent permitted by law, your NSOs may be cancelled earlier than the Expiration Date if you terminate employment before [Vesting Date].
EXERCISE AND HOLD. Note: • If you select the Exercise and Hold method of exercise, you must also follow the procedures described in the Award Agreement to pay the Exercise Price and the taxes related to this exercise. You should contact [Third Party Administrator] at the address given below to find out the amount of the taxes due. • If you select either the Cashless Exercise and Sell or the Combination Exercise methods of paying the Exercise Price, you should contact [Third Party Administrator] at the address given below to be sure you understand how your choice of payment will affect the number of common shares of the Company you will receive. YOUR ACKNOWLEDGEMENT OF EFFECT OF EXERCISE By signing below, I acknowledge and agree that: • I fully understand the effect (including the investment effect) of exercising my NSOs and buying common shares of the Company and understand that there is no guarantee that the value of these common shares will appreciate or will not depreciate; • This Exercise Notice will have no effect if it is not returned to [Third Party Administrator] at the address given below before the Expiration Date specified in the Award Agreement under which these NSOs were granted; and • The common shares of the Company I am buying by completing and returning this Exercise Notice will be issued to me as soon as administratively practicable. [Grantee’s Name]
EXERCISE AND HOLD. Note: • If you select the Exercise and Hold method of exercise, you must also follow the procedures described in the Award Agreement to pay the Exercise Price and the taxes related to this exercise. You should contact [Third Party Administrator] at the address given below to find out the amount of the taxes due. AUSTRIAN FORM • If you select either the Cashless Exercise and Sell or the Combination Exercise methods of paying the Exercise Price, you should contact [Third Party Administrator] at the address given below to be sure you understand how your choice of payment will affect the number of common shares of the Company you will receive. AUSTRIAN FORM YOUR ACKNOWLEDGEMENT OF EFFECT OF EXERCISE By signing below, I acknowledge and agree that: • I fully understand the effect (including the investment effect) of exercising my NSOs and buying common shares of the Company and understand that there is no guarantee that the value of these common shares will appreciate or will not depreciate; • This Exercise Notice will have no effect if it is not returned to [Third Party Administrator] at the address given below before the Expiration Date specified in the Award Agreement under which these NSOs were granted; and • The common shares of the Company I am buying by completing and returning this Exercise Notice will be issued to me as soon as administratively practicable. [Grantee’s Name] (signature) Date signed: A signed copy of this Nonqualified Stock Option Exercise Notice must be sent to the following address no later than the Expiration Date: [Third Party Administrator] Attention: [TPA Contact’s Name] [Contact’s Address] [TPA Telephone Number] ***** AUSTRIAN FORM
EXERCISE AND HOLD. If you elect this alternative, you must pay the full exercise price plus related taxes (in cash, a cash equivalent or in common shares of the Company having a value equal to the exercise price and which you have owned for at least six months before the exercise date). When the transaction is complete, you will receive one common share for each NSO exercised. In this section, “taxes” include, without limitation, UK income tax and UK primary class 1 (employee’s) national insurance contributions and the Company or the Subsidiary or Affiliate which employes you will have the power and the right to deduct or withhold, or require you to remit to the Company or the relevant Subsidiary or Affiliate any amounts required to be withheld as a result of the exercise of your NSOs. Before choosing an exercise method, you should read the Prospectus Supplement entitled “UK Tax Consequences” in the Prospectus to ensure you understand the income tax effect of exercising your NSOs. If you do not elect one of these methods, we will apply the Cashless Exercise and Sell method described above. Tax Treatment of Your NSOs The tax treatment of your NSOs is discussed in the Supplement to the Plan’s Prospectus entitled “UK Tax Consequences.” ***** General Terms and Conditions You May Forfeit Your NSOs if Your Employment Ends Normally, you may exercise your NSOs after they vest and before the Expiration Date ([Expiration Date]). However, your NSOs may be cancelled earlier than the Expiration Date if you terminate employment before [Vesting Date].
EXERCISE AND HOLD. If you elect this alternative, you must pay the full exercise price plus related taxes (in cash, a cash equivalent or in common shares of the Company having a value equal to the exercise price and which you have owned for at least six months before the exercise date). When the transaction is complete, you will receive one common share for each ISO exercised. 16 Before choosing an exercise method, you should read the "Federal Income Tax" section of the Prospectus to ensure you understand the federal income tax effect of exercising your ISOs and of the exercise method you choose. If you do not elect one of these methods, we will apply the Cashless Exercise and Sell method described above. TAX TREATMENT OF YOUR ISOS The federal income tax treatment of your ISOs is discussed in the Plan's Prospectus. ***** GENERAL TERMS AND CONDITIONS YOU MAY FORFEIT YOUR ISOS IF YOUR EMPLOYMENT ENDS Normally, you may exercise your ISOs after it vests and before the Expiration Date ([Expiration Date]). However, your ISOs may be cancelled earlier than the Expiration Date if you terminate employment before [Vesting Date].
EXERCISE AND HOLD. You come up with the monies to cover the exercise cost and taxes, and you will receive the shares exercised on settlement. If you do not elect one of these methods, we will apply the Cashless Exercise and Sell method described above. Description of Your Affiliated Stock Appreciation Rights You have been awarded ___Affiliated Stock Appreciation Rights (or “ASARs”). ASARs are associated with options that also were granted on the date of this Agreement. ASARs will automatically be exercised when you exercise the affiliated options. When this happens, the difference between the value of one of the Company’s common shares on the date of this Agreement and the date the ASAR is exercised will be applied against the price you must pay to exercise the affiliated option. However, if you do not exercise the affiliated option on or before ___(“Expiration Date”), the ASARs will expire and may not be exercised at a later date. Limits on Exercising Your ASARs Your ASARs will vest on ___. This does not mean that you must exercise the affiliated option on this date to realize the benefit of your ASAR; this is merely the first date that you may do so. However, your ASARs (and the affiliated options) will expire unless they are exercised on or before the Expiration Date. There also are some special situations in which your ASARs may vest earlier. These are described later in this Agreement. Tax Treatment of Your ASARs This brief discussion of the federal tax rules that affect your ASARs is provided as general information (not as personal tax advice) and is based on the Company’s understanding of federal tax laws and regulations in effect as of the date of this Agreement. You should consult with a tax or financial adviser to ensure you fully understand the tax ramifications of your ASARs. You are not required to pay ordinary income taxes on the value of an ASAR when it is awarded or when it vests (there are no tax consequences if your ASARs expire without being exercised). However, you are required to pay income tax (at ordinary income tax rates) when an ASAR is exercised. This tax is calculated by applying ordinary income tax rates to the difference between the value of a common share of the Company when the ASAR is exercised and the value of a common share of the Company on the date of this Agreement. Description of Your Freestanding Stock Appreciation Rights You have been awarded ___Freestanding Stock Appreciation Rights (or “FSARs”). Each FSAR enables you to receive the d...
EXERCISE AND HOLD. You come up with the monies to cover the exercise cost and taxes, and you will receive the common shares exercised on settlement. If you do not elect one of these methods, we will apply the Cashless Exercise and Sell method described above. GENERAL TERMS AND CONDITIONS THESE TERMS AND CONDITIONS APPLY TO ALL AWARDS ISSUED UNDER THIS AWARD AGREEMENT. THIS IS MERELY A SUMMARY OF THESE IMPORTANT TERMS AND CONDITIONS; YOU ARE URGED TO READ THE ENTIRE PLAN AND PROSPECTUS (COPIES OF WHICH ARE ATTACHED), ALL OF THE TERMS OF WHICH ARE INCORPORATED BY REFERENCE INTO THIS AWARD AGREEMENT.
EXERCISE AND HOLD. Note: o If you select the Exercise and Hold method of exercise, you must also follow the procedures described in the Award Agreement to pay the Exercise Price. o If you select either the Cashless Exercise and Sell or the Combination Exercise methods of paying the Exercise Price, you should contact [Third Party Administrator] at the address given below to be sure you understand how your choice of payment will affect the number of common shares of the Company you will receive and any taxes associated with this exercise method. YOUR ACKNOWLEDGEMENT OF EFFECT OF EXERCISE By signing below, I acknowledge and agree that:
EXERCISE AND HOLD. If you elect this alternative, you must pay the related taxes (in cash, a cash equivalent or in common shares of the Company having a value equal to the taxes due and which you have owned for at least six months before the exercise date). When the transaction is complete, you will receive whole common shares of the Company. Before exercising your SARs, you should read the "Federal Income Tax" section of the Prospectus to ensure you understand the federal income tax effect of exercising your SARs and of the exercise method you choose. If you do not elect one of these methods, we will apply the Combination Exercise method described above. TAX TREATMENT OF YOUR SARS The federal income tax treatment of your SARs is discussed in the Plan's Prospectus. ***** GENERAL TERMS AND CONDITIONS YOU MAY FORFEIT YOUR SARS IF YOUR EMPLOYMENT ENDS Normally, you may exercise your SARs after they vest and before the Expiration Date ([Expiration Date]). However, your SARs may be cancelled earlier than the Expiration Date if you terminate employment before [Vesting Date].
