Common use of Payment of the Exercise Price Clause in Contracts

Payment of the Exercise Price. The Stock Option may be exercised only by written notice, substantially in the form provided by the Company, delivered in person or by mail in accordance with Section 10(c) hereof and accompanied by payment of the Exercise Price. The Exercise Price shall be payable in cash, or, to the extent approved by the Committee, by any of the other methods permitted under Section 5(g) of the Plan.

Payment of the Exercise Price. The Stock Option may be exercised only by written notice, substantially in the form provided by the Company, delivered in person or by mail in accordance with Section 10(c) hereof and accompanied by payment of the Exercise Price. The Exercise Price shall be payable (i) in cash, or, (ii) by way of a “net exercise” as described in Section 5(g)(iii) of the Plan or (iii) solely to the extent approved by the Committee, pursuant to any other method permitted by any of the other methods permitted under Section 5(g) of the Plan.