Common use of Exercise Procedure Clause in Contracts

Exercise Procedure. Subject to the conditions set forth in this Agreement, the Option shall be exercised (to the extent then exercisable) by delivery of written notice of exercise on any business day to the Corporate Secretary of the Corporation in such form as the Administrator may require from time to time. Such notice shall specify the number of shares in respect to which the Option is being exercised and shall be accompanied by full payment of the Exercise Price for such shares in accordance with Section 3(e) of this Agreement. The exercise shall be effective upon receipt by the Corporate Secretary of the Corporation of such written notice accompanied by the required payment. The Option may be exercised only in multiples of whole shares and may not be exercised at any one time as to fewer than one hundred shares (or such lesser number of shares as to which the Option is then exercisable). No fractional shares shall be issued pursuant to this Option.

Appears in 10 contracts

Samples: Qualified Stock Option Grant Agreement (Go-Page Corp), Qualified Stock Option Grant Agreement (Scio Diamond Technology Corp), Qualified Stock Option Grant Agreement (Scio Diamond Technology Corp)

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Exercise Procedure. Subject to the conditions set forth in this Agreement, the Option shall be exercised (to the extent then exercisable) by delivery of written notice of exercise on any business day to the Corporate Secretary of the Corporation in such form as the Administrator may require from time to time. Such notice shall specify the number of shares in respect to which the Option is being exercised and shall be accompanied by full payment of the Exercise Price for such shares in accordance with Section 3(e3(d) of this Agreement. The exercise shall be effective upon receipt by the Corporate Secretary of the Corporation of such written notice accompanied by the required payment. The Option may be exercised only in multiples of whole shares and may not be exercised at any one time as to fewer than one hundred shares (or such lesser number of shares as to which the Option is then exercisable). No fractional shares shall be issued pursuant to this Option.

Appears in 8 contracts

Samples: Sample Non Qualified Stock Option Grant Agreement (Friendly Energy Exploration), Sample Non Qualified Stock Option Grant Agreement (Powrtec Corp), 2010 Share Incentive Plan (Wordlogic Corp)

Exercise Procedure. Subject to the conditions set forth in this Agreement, the Option Options shall be exercised (to the extent then exercisable) by delivery of written notice of exercise on any business day to the Corporate Secretary of the Corporation Company in such form as the Administrator may require from time to time. Such notice shall specify the number of shares in respect to which the Option is Options are being exercised and shall be accompanied by full payment of the Exercise Price for such shares in accordance with Section 3(e) of this Agreement. The exercise shall be effective upon receipt by the Corporate Secretary of the Corporation Company of such written notice accompanied by the required payment. The Option Options may be exercised only in multiples of whole shares and may not be exercised at any one time as to fewer than one hundred shares (or such lesser number of shares as to which the Option is Options are then exercisable). No fractional shares shall be issued pursuant to this Optionthe Options.

Appears in 6 contracts

Samples: Incentive Stock Option Grant Agreement (Howard Bancorp Inc), Stock Option Grant Agreement (Howard Bancorp Inc), Stock Option Grant Agreement (WSB Holdings Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, the Option Options shall be exercised (to the extent then exercisable) by delivery of written notice of exercise on any business day to the Corporate Secretary of the Corporation in such form as the Administrator Committee may require from time to time. Such notice shall specify the number of shares in respect to which the Option is Options are being exercised and shall be accompanied by full payment of the Exercise Price for such shares in accordance with Section 3(e) of this Agreement. The exercise shall be effective upon receipt by the Corporate Secretary of the Corporation of such written notice accompanied by the required payment. The Option Options may be exercised only in multiples of whole shares and may not be exercised at any one time as to fewer than one hundred shares (or such lesser number of shares as to which the Option is Options are then exercisable). No fractional shares shall be issued pursuant to this Optionthe Options.

Appears in 5 contracts

Samples: Incentive Stock Option Grant Agreement, Stock Option Grant Agreement (Carroll Bancorp, Inc.), Incentive Stock Option Grant Agreement (Carroll Bancorp, Inc.)

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Exercise Procedure. Subject to the conditions set forth in this Agreement, the Option shall be exercised (to the extent then exercisable) by delivery of written notice of exercise on any business day to the Corporate Secretary of the Corporation in such form as the Administrator may require from time to time. Such notice shall specify the number of shares in respect to which the Option is being exercised and shall be accompanied by full payment of the Exercise Price for such shares in accordance with Section 3(e2(e) of this Agreement. The exercise shall be effective upon receipt by the Corporate Secretary of the Corporation of such written notice accompanied by the required payment. The Option may be exercised only in multiples of whole shares and may not be exercised at any one time as to fewer than one hundred shares (or such lesser number of shares as to which the Option is then exercisable). No fractional shares shall be issued pursuant to this Option.

Appears in 3 contracts

Samples: Non Qualified Stock Option Grant Agreement (Go-Page Corp), Sample Non Qualified Stock Option Grant Agreement (FOCUS GOLD Corp), Non Qualified Stock Option Grant Agreement (Fero Industries, Inc.)

Exercise Procedure. Subject to the conditions set forth in this Agreement, the Option shall be exercised (to the extent then exercisable) by delivery of written notice of exercise on any business day to the Corporate Secretary of the Corporation in such form as the Administrator may require from time to time. Such notice shall specify the number of shares in with respect to which the Option is being exercised and shall be accompanied by full payment of the Exercise Price for such shares in accordance with Section 3(e3(d) of this Agreement. The exercise shall be effective upon receipt by the Corporate Secretary of the Corporation of such written notice accompanied by the required payment. The Option may be exercised only in multiples of whole shares and may not be exercised at any one time as to fewer than one hundred shares (or such lesser number of shares as to which the Option is then exercisable). No fractional shares shall be issued pursuant to this Option.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Scio Diamond Technology Corp)

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