Method of Exercise and Payment. (a) The Optionee may exercise his Option by delivering a written notice to the Company in the form attached as Exhibit A. The exercise date will be (i) in the case of notice by mail, the date of postmark; or (ii) if delivered in person, the date of delivery. The notice must be signed and state the number of Shares the Optionee has elected to purchase. The Optionee may exercise the Option in whole or in part, but only with respect to whole Shares.
Appears in 7 contracts
Samples: Incentive Stock Option Agreement (Valley Financial Corp /Va/), Incentive Stock Option Agreement (Valley Financial Corp /Va/), Form of Stock Option Agreement (Valley Financial Corp /Va/)
Method of Exercise and Payment. (a) The Optionee may exercise his Option by delivering a written notice to the Company in the form attached as Exhibit A. The exercise date will be (i) in the case of notice by mail, the date of postmark; or (ii) if delivered in person, the date of delivery. The notice must be signed and state the number of Shares shares the Optionee has elected to purchase. The Optionee may exercise the Option in whole or in part, but only with respect to whole Sharesshares of Company Stock.
Appears in 4 contracts
Samples: Nonstatutory Stock Option Agreement (Bay Banks of Virginia Inc), Incentive Stock Option Agreement (Bay Banks of Virginia Inc), Stock Option Agreement (Fauquier Bankshares, Inc.)
Method of Exercise and Payment. (a) The Optionee may exercise his or her Option by delivering a written notice to the Company in the form attached as Exhibit A. Company. The exercise date will be (i) in the case of notice by mail, the date of postmark; or (ii) if delivered in person, the date of delivery. The notice must be signed and state the number of Shares shares the Optionee has elected to purchase. The Optionee may exercise the Option in whole or in part, but only with respect to whole Sharesshares of Company Stock.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Commonwealth Bankshares Inc)
Method of Exercise and Payment. (a) The Optionee may exercise his Option by delivering a written notice to the Company in the form attached as Exhibit A. Company. The exercise date will be (i) in the case of notice by mail, the date of postmark; or (ii) if delivered in person, the date of delivery. The notice must be signed and state the number of Shares shares the Optionee has elected to purchase. The Optionee may exercise the Option in whole or in part, but only with respect to whole Sharesshares of Company Stock.
Appears in 1 contract
Samples: Nonstatutory Stock Option Agreement (Commonwealth Bankshares Inc)
