Common use of Application for Exercise of Options and Manner of Payment Clause in Contracts

Application for Exercise of Options and Manner of Payment. (1) In the case of exercise of the Options, the holder of the Options shall fill in necessary matters on the “Application Form for Exercise of the Options” in the form designated by the Corporation, and shall submit such application form (including application for exercise of the Options in an electromagnetic manner) to the place where applications for exercise of the Options are made as provided for in Condition 15, after affixing his or her name and seal or signature (including electronic signature) thereon. If certificates for the Options to be exercised are issued, the certificates shall be submitted together with the Application Form for Exercise of the Options. The Application Form for Exercise of the Options shall be accepted at the place where applications for exercise of the Options are made only on a business day at such place. (2) The entire amount of the Exercise Price to be paid in upon exercise of the Options, including any applicable taxes and all other costs or fees associated with the exercise (hereinafter referred to as the “Amount of Payment”) shall be paid in cash to an account designated by the Corporation (hereinafter referred to as the “Designated Account”) at the payment handling place provided for in Condition 16 at or before the date and time designated by the Corporation. The entitlement of a holder of the Options to the receipt of Common Stock upon exercise of an Option is subject to the payment in full of any federal, state, local and foreign taxes of any kind required to be withheld with respect to the exercise of such Option, as well as the payment in full of any costs or fees (such as brokerage fees) associated with the exercise of such Option. (3) Except as provided for in Condition 10, any holder of the Options who has submitted the documents required for exercise of the Options to the place where applications for exercise of the Options are made, may not cancel such exercise thereafter.

Appears in 2 contracts

Samples: Stock Acquisition Rights Agreement (Sony Corp), Stock Acquisition Rights Agreement (Sony Corp)

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Application for Exercise of Options and Manner of Payment. (1) In the case of exercise of the Options, the holder of the Options shall fill in necessary matters on the "Application Form for Exercise of the Options" in the form designated by the Corporation, and shall submit such application form (including application for exercise of the Options in an electromagnetic manner) to the place where applications for exercise of the Options are made as provided for in Condition 1514, after affixing his or her name and seal or signature (including electronic signature) thereon. If certificates for the Options to be exercised are issued, the certificates shall be submitted together with the Application Form for Exercise of the Options. The Application Form for Exercise of the Options shall be accepted at the place where applications for exercise of the Options are made only on a business day at of such place. (2) The entire amount of the Exercise Price of Common Stock to be paid in issued or transferred upon exercise of the Options, including any applicable taxes and all other costs or fees associated with the exercise (hereinafter referred to as the "Amount of Payment") shall be paid in cash to an account designated by the Corporation (hereinafter referred to as the "Designated Account") at the payment handling place provided for in Condition 16 at or before 15 by the date and time designated by the Corporation. The entitlement of a holder of the Options to the receipt of Common Stock upon the exercise of an a Option is subject to the payment in full of any federal, state, local and foreign taxes of any kind required to be withheld with respect to the exercise of such any Option, as well as the payment in full of any costs or fees (such as brokerage fees) associated with the exercise of such Option. (3) Except as provided for in Condition 10, any holder of the Options who has submitted the documents required for exercise of the Options to the place where applications for exercise of the Options are made, may not cancel such exercise thereafter.

Appears in 1 contract

Samples: Agreement Concerning Allocation of Stock Acquisition Rights (Sony Corp)

Application for Exercise of Options and Manner of Payment. (1) In the case of exercise of the Options, the holder of the Options shall fill in necessary matters on the “Application Form for Exercise of the Options” in the form designated by the Corporation, and shall submit such application form (including application for exercise of the Options in an electromagnetic manner) to the place where applications for exercise of the Options are made as provided for in Condition 1514, after affixing his or her name and seal or signature (including electronic signature) thereon. If certificates for the Options to be exercised are issued, the certificates shall be submitted together with the Application Form for Exercise of the Options. The Application Form for Exercise of the Options shall be accepted at the place where applications for exercise of the Options are made only on a business day at such place. (2) The With submission of the Application Form for Exercise of the Options as provided in (1) above, the entire amount of the Exercise Price to be paid in upon exercise of the Options, including any applicable taxes and all other costs or fees associated with the exercise (hereinafter referred to as the “Amount of Payment”) shall be paid in cash to an account designated by the Corporation (hereinafter referred to as the “Designated Account”) at the payment handling place provided for in Condition 16 15 at or before the date and time designated by the Corporation. The entitlement of a holder of the Options to the receipt of the Common Stock upon exercise of an Option is subject to the payment in full of any federal, state, local and foreign taxes of any kind required to be withheld with respect to the exercise of such Option, as well as the payment in full of any costs or fees (such as brokerage fees) associated with the exercise of such Option. (3) Except as provided for in Condition 10, any holder of the Options who has submitted the documents required for exercise of the Options to the place where applications for exercise of the Options are made, may not cancel such exercise thereafter.

Appears in 1 contract

Samples: Stock Acquisition Rights Agreement (Sony Corp)

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Application for Exercise of Options and Manner of Payment. (1) In the case of exercise of the Options, the holder of the Options shall fill in necessary matters on the "Application Form for Exercise of the Options" in the form designated by the Corporation, and shall submit such application form (including application for exercise of the Options in an electromagnetic manner) to the place where applications for exercise of the Options are made as provided for in Condition 15, after affixing his or her name and seal or signature (including electronic signature) thereon. If certificates for the Options to be exercised are issued, the certificates shall be submitted together with the Application Form for Exercise of the Options. The Application Form for Exercise of the Options shall be accepted at the place where applications for exercise of the Options are made only on a business day at such place. (2) The entire amount of the Exercise Price to be paid in upon exercise of the Options, including any applicable taxes and all other costs or fees associated with the exercise (hereinafter referred to as the "Amount of Payment") shall be paid in cash to an account designated by the Corporation (hereinafter referred to as the "Designated Account") at the payment handling place provided for in Condition 16 at or before the date and time designated by the Corporation. The entitlement of a holder of the Options to the receipt of Common Stock upon exercise of an Option is subject to the payment in full of any federal, state, local and foreign taxes of any kind required to be withheld with respect to the exercise of such Option, as well as the payment in full of any costs or fees (such as brokerage fees) associated with the exercise of such Option. (3) Except as provided for in Condition 10, any holder of the Options who has submitted the documents required for exercise of the Options to the place where applications for exercise of the Options are made, may not cancel such exercise thereafter.

Appears in 1 contract

Samples: Stock Acquisition Rights Agreement (Sony Corp)

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