Exercising Options. You may exercise Options that are vested or that vest during the Leave of Absence or Temporary Layoff.
Exercising Options. An option may have an American-style exercise or European-style exercise regardless of where the recognized market is located. An American-style option can be exercised by the purchaser at any time before the expiration. To do this, the purchaser notifies the dealer where the option was purchased. A purchaser should determine in advance from his dealer the latest date notice may be given to his/ her dealer. A European-style option may only be exercised by the purchaser on a specified date. Upon assignment, the seller must make delivery of (in the case of a call) or take delivery of and pay for (in the case of a put) the underlying interest. In the case of a cash delivery option, the seller must, in lieu of delivery, pay the positive difference between the aggregate exercise price and the settlement value of the underlying interest (in the case of both a call and a put). A purchaser of an option which expires loses the premium paid for the option and his transaction costs. The seller of an option which expires will realize as his gain the premium received for the option less his transaction costs.
Exercising Options. Subject to the terms of Section 13 (Payment) and Section 18.3 (Withholding Taxes) of the Plan, you may exercise Options that have vested by delivering a notice of exercise as described in Section 7 of this Appendix A or by execution of the stock exercise procedures established on the Xxxxxxx Xxxxx Benefits OnLine® website. When you exercise an Option, you pay the xxxxx xxxxx for Company stock. You may retain the stock (and, if you choose, sell it at a later date), or you may direct that the stock be sold immediately, subject to compliance with the Company’s xxxxxxx xxxxxxx policies. The Company has engaged Xxxxxxx Xxxxx to provide services for exercising Options. You may exercise Options in one of three ways:
Exercising Options. An option may have an American-style exercise or European-style exercise regardless of where the recognized market is located. An American-style option can be exercised by the purchaser at any time before the expiration. To do this, the purchaser notifies the dealer where the option was purchased. A purchaser should determine in advance from his dealer the latest date notice may be given to his/ her dealer. A European-style option may only be exercised by the purchaser on a specified date. Upon assignment, the seller must make delivery of (in the case of a call) or take delivery of and pay for (in the case of a put) the underlying interest. In the case of a cash delivery option, the seller must, in lieu of delivery, pay the positive difference between the aggregate exercise price and the settlement value of the underlying interest (in the case of both a call and a put). A purchaser of an option which expires loses the premium paid for the option and his transaction costs. The seller of an option which expires will realize as his gain the premium received for the option less his transaction costs. Trading of Options Each recognized market permits secondary market trading of its options. This enables purchasers and sellers of options to close out their positions by offsetting sales and purchases. By selling an option with the same terms as the one purchased, or buying an option with the same terms as the one sold, an investor can liquidate his position (called an “offsetting transaction”). Offsetting transactions must be made prior to expiration of an option or by a specified date prior to expiration. Offsetting transactions must be effected through the broker where the option was initially sold or purchased. Price movements in the underlying interest of an option will generally be reflected in the secondary market value of the option and the purchaser who wishes to realize a profit will have to sell or exercise his option during the life of the option or on the specified date for exercise.
Exercising Options. An option may have either an American style exercise or European style exercise irrespective of where the recognized market is located. An American style option can be exercised by the purchaser at any time before the expiration. To do this, the purchaser notifies the dealer through whom the option was purchased. A purchaser should ascertain in advance from his dealer the latest date on which he may give such notice to his dealer. A European style option may only be exercised by the purchaser on a specified date. Upon receiving an exercise notice from the purchaser’s dealer, the clearing corporation assigns it to a member which may re-assign it to a client on a random or other predetermined selection basis. Upon assignment, the seller must make delivery of (in the case of a call) or take delivery of and pay for (in the case of a put) the underlying interest. In the case of a cash delivery option, the seller must, in lieu of delivery, pay the positive difference between the aggregate exercise price and the settlement value of the underlying interest (in the case of both a call and a put). A purchaser of an option which expires loses the premium paid for the option and his transaction costs. The seller of an option which expires will have as his gain the premium received for the option less his transaction costs.
Exercising Options. You may exercise any or all vested Options by notifying the Company in writing that you wish to exercise your Options and accompanying the written notice (as described in paragraph 4 below) with the payment for the Common Stock you are purchasing with such Options. Payment must be equal to the total number of Options that you wish to exercise, multiplied by the Exercise Price. Payment may be made in cash, certified or bank check, note or other instrument acceptable to the Committee. Payment may also be made in full or in part in shares of Common Stock with a Fair Market Value (determined as of the date of exercise of such Stock Option) at least equal to such full or partial payment. Common Stock used to pay the Exercise Price may be shares that you already own, or the Company may withhold shares of Common Stock that you would otherwise have received upon exercise of the Stock Option. You also may exercise a Stock Option through a "cashless exercise" procedure involving a broker or dealer approved by the Committee, provided that the conditions described in Section 8(f) of the Plan are satisfied. If you are subject to Section 16 of the Exchange Act, you shall have the unfettered right (but not the obligation) to pay the exercise price in full or in part in shares of Common Stock in accordance with Section 8(i) of the Plan. The date of exercise will be the date that all of the requirements above, as well as the requirements in 2(e) below, are met. No certificate showing the Common Stock purchased under such Option will be issued to you under 2(f) below until all of these requirements are met.
Exercising Options. 5.1 Options will be exercised by means of written notification sent by the Seller to the Buyer no later than [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] before the aforementioned Stipulated Month of Delivery. [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]
Exercising Options. 5.1. Five years to exercise options from date of full and final vesting, i.e., ten years to exercise from first vesting;
Exercising Options. Unless written notice, identifying which options are being exercised, is given to the Company at the time the options are exercised, the options held by the option holder that have been exercisable for the longest period of time shall be deemed to be those exercised by the option holder. XXXXXXX XXXXX, INC. 1987 STOCK OPTION PLAN STOCK OPTION AGREEMENT This Option Agreement is made this ____ day of _______________, 19___, by and between Xxxxxxx Xxxxx, Inc., an Iowa corporation (the "Company") and _________________________, an employee of the Company or Subsidiary thereof (the "Employee"). The Company desires to carry out the purpose of its 1987 Stock Option Plan (the "Plan") by affording the Employee an opportunity to purchase shares of its common stock, par value Five Dollars ($5.00) per share (the "Common Stock"), as provided in this Agreement.
Exercising Options. This Option may be exercised by delivering to the Company at its principal executive office (directed to the attention of the Corporate Secretary, or if the Corporate Secretary is the Employee at issue, then to the attention of the President or a Vice President) a written notice, signed by the Employee or a person entitled to exercise the Option, as the case may be, of the election to exercise the Option and stating the number of Shares in respect of which it is then being exercised. The Option shall be deemed exercised as of the date the Company receives such notice. As an essential part of such notice, it shall be accompanied by (a) payment of the full purchase price of the Shares then being purchased and (b) satisfaction, or agreement with the Company as to the manner of satisfaction, of any taxes required by law to be withheld due to the exercise of the Option, including an exercise by a transferee to whom the Employee has transferred the Option in accordance with Section 7 below. In the event the Option shall be exercised by any person other than the Employee, such notice shall be accompanied by appropriate evidence of the right of such person to exercise the Option. Payment of the full purchase price may be made in (a) cash, (b) Shares, or (c) any combination of cash and Shares, provided that, other than with respect to any optionee that is a reporting person under Section 16 of the Securities Exchange Act of 1934, the Company reserves the right to prohibit the use of Shares as payment of the purchase price. In the case of any Employee who is a reporting person under Section 16(a) of the Securities Exchange Act of 1934, such Employee shall be entitled to elect to utilize Shares as payment of the purchase price in Employee’s discretion. Shares used in payment of the purchase price shall be valued at the closing price of such Shares on the NYSE or as reported in the consolidated transaction reporting system for the date of exercise. Upon the proper exercise of the Option, the Company shall issue in the name of the person exercising the Option, and deliver to such person, a certificate or certificates for the Shares purchased, or shall otherwise properly evidence the purchase of such Shares in the Company’s stock records. The Employee shall have no rights as a stockholder in respect of any Shares as to which the Option shall not have been effectively exercised as provided in this Agreement.
