Automatic Exercise. To the extent the vested and exercisable portion of the Stock Option remains unexercised as of 5 p.m. on the date the Stock Option expires as determined in accordance with Section 4 above, that portion of the Stock Option will be exercised without any action by the Participant in accordance with the terms of this Agreement if the Fair Market Value of all the vested Option Shares on that date is at least $100 (USD) greater than the sum of the Option Price for all the vested Option Shares. In such case, the Option Price shall be satisfied in the method determined by the Committee in its sole discretion, including whether or not by a net exercise.
Appears in 7 contracts
Samples: Stock Option Agreement (InspireMD, Inc.), Nonqualified Stock Option Agreement (InspireMD, Inc.), Nonqualified Stock Option Agreement (InspireMD, Inc.)
Automatic Exercise. To the extent the vested and exercisable portion of the Stock Option remains unexercised as of 5 p.m. on the date the Stock Option expires as determined in accordance with Section 4 above, that portion of the Stock Option will be exercised without any action by the Participant Optionee in accordance with the terms of this Agreement if the Fair Market Value of all the vested Option Shares on that date is at least $100 (USD) greater than the sum of the Option Price for all the vested Option Shares. In such case, the Option Price shall be satisfied in the method determined by the Committee in its sole discretion, including whether or not by a net exercise.
Appears in 6 contracts
Samples: Inducement Nonqualified Stock Option Award Agreement (InspireMD, Inc.), Inducement Nonqualified Stock Option Award Agreement (InspireMD, Inc.), Inducement Nonqualified Stock Option Award Agreement (InspireMD, Inc.)
