Common use of Stock Option Exercise Agreement Clause in Contracts

Stock Option Exercise Agreement. To exercise this Award, Participant (or his legal representative, estate, heirs, or designated beneficiary, as the case may be) must deliver to the Company an executed Exercise Agreement in the form attached hereto as Appendix I, and, if applicable, spousal consent, and such other documents as may be required by the Company and the Plan Administrator. If someone other than Participant exercises this Stock Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise this Award under the Plan. The Award shall be deemed exercised as of the date: (i) the Company receives (A) the fully executed Exercise Agreement, including spousal consent if applicable and (B) payment of the aggregate Exercise Price, and (ii) all other applicable terms and conditions of this Agreement and the Plan are satisfied including applicable tax withholding), as determined in the sole discretion of the Plan Administrator.

Appears in 3 contracts

Samples: Non Qualified Stock Option Award Agreement (Southland Holdings, Inc.), Non Qualified Stock Option Exercise Agreement (Bio-Path Holdings Inc), Non Qualified Stock Option Award Agreement (Bio-Path Holdings Inc)

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Stock Option Exercise Agreement. To exercise this Award, Participant (or his legal representative, estate, heirs, or designated beneficiary, as the case may be) must deliver to the Company an executed Exercise Agreement in the form attached hereto as Appendix I, and, if applicable, spousal consent, and such other documents as may be required by the Company and the Plan Administrator. If someone other than Participant exercises this Stock Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise this Award under the Plan. The Award shall be deemed exercised as of the date: (i) the Company receives (A) the fully executed Exercise Agreement, including spousal consent if applicable and (B) payment of the aggregate Exercise Price, and (ii) all other applicable terms and conditions of this Agreement and the Plan are satisfied including applicable tax withholding)satisfied, as determined in the sole discretion of the Plan Administrator.

Appears in 3 contracts

Samples: Incentive Stock Option Award Agreement (Southland Holdings, Inc.), Incentive Stock Option Exercise Agreement (Bio-Path Holdings Inc), Incentive Stock Option Award Agreement (Bio-Path Holdings Inc)

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