Procedure for Exercise of Option. This Option may be exercised by delivery of written notice to the Company at its executive offices, addressed to the attention of its Secretary. Such notice: (a) shall be signed by the Participant or his or her legal representative; (b) shall specify the number of full Shares then elected to be purchased with respect to the Option; (c) unless a Registration Statement under the Securities Act of 1933 is in effect with respect to the Shares to be purchased, shall contain a representation of the Participant that the Shares are being acquired by him or her for investment and with no present intention of selling or transferring them, and that he or she will not sell or otherwise transfer the Shares except in compliance with all applicable securities laws and requirements of any stock exchange upon which the Shares may then be listed; and (d) shall be accompanied by payment in full of the Option Price of the Shares to be purchased, and the Participant's copy of this Agreement. The Option Price upon exercise of this Option shall be payable to the Company in full either: (a) in cash or its equivalent (acceptable cash equivalents shall be determined at the sole discretion of the Committee); or (b) by tendering previously acquired Shares having an aggregate Fair Market Value at the time of exercise equal to the total Option Price (provided that the Shares which are tendered must have been held by the Participant for at least six (6) months prior to their tender to satisfy the Option Price); or (c), by a combination of (a) and (b). The Participant may also be permitted to exercise pursuant to a "cashless exercise" procedure as permitted under the Federal Reserve Board's Regulation T, subject to securities law restrictions. As promptly as practicable after receipt of notice and payment upon exercise, the Company shall cause to be issued and delivered to the Participant or his or her legal representative, as the case may be, certificates for the Shares so purchased, which may, if appropriate, be endorsed with appropriate restrictive legends. The Share certificates shall be issued in the Participant's name (or, at the discretion of the Participant, jointly in the names of the Participant and the Participant's spouse). The Company shall maintain a record of all information pertaining to the Participant's rights under this Agreement, including the number of Shares for which their Option is exercisable. If the Option shall have been exercised in full, this Agreement shall ...
Procedure for Exercise of Option. The Option may be exercised only by (a) execution and delivery by the Holder to the Company of an exercise form or forms prescribed by the Committee; and (b) surrender of this Agreement at the principal office of the Company. Each exercise form must set forth the number of shares of Common Stock for which the Option is exercised and must be dated and signed by the person exercising the Option. Subject to the last paragraph of this Section 4, the exercise is not effective until the Company receives payment of the full option price for the number of shares of Common Stock for which the Option is exercised. The Option Price shall be paid to the Company in full in the manner specified in Section 6.6 of the Plan. To the extent the Holder pays the Option Price in whole or in part by shares of already-owned Common Stock, as permitted by the Plan, the Company shall advise any person exercising the Option in such manner as to the amount of any cash required to be paid to the Company for any shares representing a fraction of a share, and such person will be required to pay any such cash directly to the Company before any distribution of certificates representing shares of Common Stock will be made. The person exercising the Option should execute the form of assignment on the back of the certificate or should deliver an executed Assignment Separate from Certificate with respect to each stock certificate delivered in payment of the Option Price. If any person other than the Holder exercises the Option, the exercise material must include proof satisfactory to the Company of the right of such person to exercise the Option, and the signature on all certificates or stock powers must be guaranteed by a commercial bank or trust company or by a firm having membership in the New York Stock Exchange, Inc., the American Stock Exchange, Inc., or the National Association of Securities Dealers, Inc. The date of exercise of the Option is the date on which the exercise form or forms, proof of right to exercise (if required) and payment of the Option Price are received by the Company. For purposes of determining the date of exercise where payment of the Option Price is made in shares of already-owned Common Stock, any cash required to be paid to the Company with respect to a fraction of a share shall not be taken into account when determining whether payment of the Option Price has been made.
Procedure for Exercise of Option. The Option may be exercised only by (a) execution and delivery by the Holder to the Company of an exercise form or forms prescribed by the Committee; and (b) surrender of this Agreement at the principal office of the Company. Each exercise form must set forth the number of shares of Common Stock for which the Option is exercised and must be dated and signed by the person exercising the Option.
Procedure for Exercise of Option. Subject to the provisions of Article 2 hereof, Optionee may exercise the option specified herein at each time specified herein by complying with the provisions of paragraph 10 of the Plan.
Procedure for Exercise of Option. At least six (6) months prior to Initiation of Phase III Studies for each Product, BI shall provide Vitae with a budget for the estimated Development costs for such Phase III Studies. To exercise its Co-Development Option, Vitae shall notify BI in writing at least thirty (30) days prior to the Initiation of Phase III Studies that it is exercising its Co-Development Option; such written notice shall also specify the percentage of expenses that Vitae will be co-funding.
Procedure for Exercise of Option. After the Agency’s final approval of the Construction Documents for a Project containing For-Sale Residential Units and Developer’s determination of the purchase prices that Developer will offer the Residential Units to the public, but in no event earlier than one hundred twenty (120) days or later than sixty (60) days before Vertical Developer begins to offer the Residential Units for sale, Vertical Developer will deliver to the Agency a written notice informing the Agency of such completion and of the purchase prices for the Residential Units (provided, the Agency’s right to acquire Residential Units originally designated For-Rent but subsequently offered For-Sale shall arise when the Agency Director approves any such conversion and is notified of the purchase prices). The notice will include a description of the Residential Units approved (including number of bedrooms and amenities), and a preliminary title report covering the Residential Units issued by the Title Company (the “Title Report”), together with copies of all documents relating to title exceptions showing in the Title Report. The Agency will have ninety (90) days after receipt of the notice (or approval of the conversion from a For-Rent to a For-Sale Residential Unit) and other required information to exercise the Option by written notice to Vertical Developer, specifying in its notice the Residential Units it intends to purchase, which shall be the Option Units with respect to the Project.
Procedure for Exercise of Option. During the Option -------------------------------- Exercise Period, this Option may be exercised by the Holder by surrendering this Option to the Company, or its agent, with the Election to Exercise Form attached to this Option duly completed and executed, accompanied by payment in full to the Company of the Exercise Price in effect at the time of such exercise for each Option Share with respect to which this Option is being exercised. Such Exercise Price shall be paid in full, by delivery of cash or check payable in United States currency to the order of the Company or payment of the Exercise Price by (i) the assignment and transfer by Holder to the Company of outstanding shares of Common Stock theretofore held by Holder or (ii) the surrender of that number of exercisable Options necessary (based on the amount that the aggregate fair market value of the Option Shares covered by the Options being surrendered exceeds the aggregate Exercise Price with respect to such Option Shares), to pay the Exercise Price with respect to those Options being exercised. The date on
Procedure for Exercise of Option. The Option may be exercised only by (a) delivery by the Holder to the Company of written notice of exercise and (b) surrender of this Agreement to the Company. Each exercise notice must set forth the number of shares of Common Stock for which the Option is exercised and must be dated and signed on behalf of the Holder by both Marc X. Xxxxxxxx xxx Danixx X.
Procedure for Exercise of Option. Exercise of this Option may be initiated on any business day by delivery of a notice of exercise (on such form as may be specified and provided by the Company or its designee) (the "Notice of Exercise") to the Company or its designee, or by such other method as the Company specifies. The Company may at any time change the time and/or manner in which the Option may be exercised. Further, the Company reserves the right to limit the manner in which the Option may be exercised at any time, and from time to time, for Participants in a given country to facilitate or ensure compliance with local law or for reasons of administrative ease.
Procedure for Exercise of Option. This Option may be exercised in whole or part for any number of remaining Option Shares by delivering an exercise notice to the Grantor, in accordance with Section 5, along with a check, payable to the order of the Grantor, or a wire transfer of funds, in an amount equal to the then aggregate Exercise Price with respect to the Option Shares as to which this Option is then being exercised. Upon receipt by the Grantor of BDO's exercise notice, the Grantor shall, as promptly as practicable, and in any event within five business days thereafter, cause to be delivered to BDO, subject to compliance with applicable law and the terms of this Option, a certificate or certificates, as BDO may direct, representing such Option Shares. Each certificate so delivered shall be in such denomination as may be requested by BDO. The Grantor shall pay all expenses, taxes (other than income taxes) and other charges payable in connection with the preparation, execution and delivery of certificates pursuant to this Section 3.2, except that, in case such certificates shall be registered in a name or names other than the name of BDO, funds sufficient to pay all transfer taxes which shall be payable upon the execution and delivery of such certificate or certificates shall be paid by BDO to the Grantor at the time of delivering this Option to the Grantor as mentioned above.
