Common use of Method of Exercise and Payment Clause in Contracts

Method of Exercise and Payment. This Option shall be exercised by the Optionee by delivering to the Secretary of the Company or his designated agent on any business day (the “Exercise Date”) a written notice, in such manner and form as may be required by the Company, specifying the number of the Option Shares the Optionee then desires to acquire (the “Exercise Notice”). The Exercise Notice shall be accompanied by payment of the aggregate Per Share Exercise Price for such number of the Option Shares to be acquired upon such exercise. Such payment shall be made in the manner set forth in Section 6.5 of the Plan.

Appears in 12 contracts

Samples: Incentive Stock Option Agreement (Plastic2Oil, Inc.), Incentive Stock Option Agreement (Plastic2Oil, Inc.), Non Qualified Stock Option Agreement (Rand Logistics, Inc.)

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Method of Exercise and Payment. This Option shall be exercised by the Optionee optionee by delivering to the Secretary of the Company company or his designated agent on any business day (the "Exercise Date") a written notice, in such manner and form as an may be required by the Company, specifying the number of the Option Shares the Optionee then desires to acquire (the "Exercise Notice"). The Exercise Notice shall be accompanied by payment of the aggregate Per Share Exercise Price for such number of the Option Shares to be acquired upon such exercise. Such payment shall be made in the manner set forth in Section 6.5 Paragraph 7 of the Plan.

Appears in 8 contracts

Samples: Stock Option Agreement (Reading & Bates Corp), Stock Option Agreement (Reading & Bates Corp), Stock Option Agreement (Reading & Bates Corp)

Method of Exercise and Payment. This Option shall be exercised by the Optionee by delivering to the Secretary of the Company or his designated agent on any business day (the "Exercise Date") a written notice, in such manner and form as may be required by the Company, specifying the number of the Option Shares the Optionee then desires to acquire (the "Exercise Notice"). The Exercise Notice shall be accompanied by payment of the aggregate Per Share Exercise Price for such number of the Option Shares to be acquired upon such exercise. Such payment shall be made in the manner set forth in Section 6.5 of the Plan.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (BGLS Inc), Nonstatutory Stock Option Agreement (Edg Capital Inc)

Method of Exercise and Payment. This Option shall be exercised by the Optionee by delivering to the Secretary of the Company or his designated agent on any business day (the “Exercise Date”) a written notice, in such manner and form as may be required by the Company, specifying the number of the Option Shares the Optionee then desires to acquire (the “Exercise Notice”). The Exercise Notice shall be accompanied by payment of the aggregate Per Share Exercise Price for such number of the Option Shares to be acquired upon such exercise. Such payment shall be made in the manner set forth and in an acceptable form of payment specified in Section 6.5 of the Plan.

Appears in 1 contract

Samples: Stock Option Award Agreement (First Albany Companies Inc)

Method of Exercise and Payment. This Option shall be exercised by the Optionee by delivering to the Secretary Chief Executive Officer of the Company or his designated agent on any business day (the “Exercise Date”) a written notice, in such manner and form as may be required by the Company, specifying the number of the Option Shares the Optionee then desires to acquire (the “Exercise Notice”). The Exercise Notice shall be accompanied by payment of the aggregate Per Share Exercise Price for such number of the Option Shares to be acquired upon such exercise. Such payment shall be made in the manner set forth in Section 6.5 of the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (China Pharma Holdings, Inc.)

Method of Exercise and Payment. This Option shall be exercised by the Optionee by delivering to the Secretary Chief Financial Officer of the Company or his designated agent on any business day (the “Exercise Date”) a written notice, in such manner and form as may be required by the Company, specifying the number of the Option Shares the Optionee then desires to acquire (the “Exercise Notice”). The Exercise Notice shall be accompanied by payment of the aggregate Per Share Exercise Price for such number of the Option Shares to be acquired upon such exercise. Such payment shall be made in the manner set forth in Section 6.5 3.2 of the Plan.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (China Jo-Jo Drugstores, Inc.)

Method of Exercise and Payment. This Option shall be exercised by the Optionee Grantee by delivering to the Secretary Chief Financial Officer of the Company or his designated agent on any business day (the “Exercise Date”) a written notice, in such manner and form as may be required by the Company, specifying the number of the Option Shares the Optionee Grantee then desires to acquire (the “Exercise Notice”). The Exercise Notice shall be accompanied by payment of the aggregate Per Share Exercise Price for such number of the Option Shares to be acquired upon such exercise. Such payment shall be made in the manner set forth in Section 6.5 8.6 of the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Kandi Technologies Group, Inc.)

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Method of Exercise and Payment. This Option shall be exercised by the Optionee by delivering to the Secretary of the Company or his designated agent on any business day (the "Exercise Date") a written notice, in such manner and form as may be required by the Company, specifying the number of the Option Shares the Optionee then desires to acquire (the "Exercise Notice"). The Exercise Notice shall be accompanied by payment of the aggregate Per Share Exercise Price for such number of the Option Shares to be acquired upon such exercise. Such payment shall be made in the manner set forth in Section 6.5 of the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Edg Capital Inc)

Method of Exercise and Payment. This Option shall be exercised by the Optionee by delivering to the Secretary of the Company or his designated agent on any business day (the “Exercise Date”) a written notice, in such manner and form as may be required by the Company, specifying the number of the Option Shares the Optionee then desires to acquire (the “Exercise Notice”). The Exercise Notice shall be accompanied by payment of the aggregate Per Share Exercise Price for such number of the Option Shares to be acquired upon such exercise. Such payment shall be made in the manner set forth in Section 6.5 of the Plan; provided, however that Optionee shall be permitted to perform a cashless exercise as provided in the Employment Agreement.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Jbi, Inc.)

Method of Exercise and Payment. This Option shall be exercised by the Optionee by delivering to the Secretary of the Company or his designated agent on any business day (the “Exercise Date”) a written notice, in such manner and form as may be required by the CompanyCommittee, specifying the number of the Option Shares the Optionee then desires to acquire (the “Exercise Notice”). The Exercise Notice shall be accompanied by payment of the aggregate Per Share Exercise Price for such number of the Option Shares to be acquired upon such exercise. Such payment shall be made in the manner set forth in Section 6.5 of the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Neurogen Corp)

Method of Exercise and Payment. This Option shall be exercised by the Optionee by delivering to the Secretary of the Company or his designated agent on any business day (the “Exercise Date”) a written notice, in such manner and form as may be required by the CompanyCommittee, specifying the number of the Option Shares the Optionee then desires to acquire (the “Exercise Notice”). The Exercise Notice shall be accompanied by payment of the aggregate Per Share Exercise Price for such number of the Option Shares to be acquired upon such exercise. Such payment shall be made in the manner set forth in Section 6.5 4.6 of the PlanProgram.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Neurogen Corp)

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