Common use of Broker-Assisted Cashless Exercise Clause in Contracts

Broker-Assisted Cashless Exercise. You may exercise your Option by executing and delivering the documents necessary to irrevocably authorize a broker acceptable to the Company to sell shares of Common Stock (or a sufficient portion of such shares) acquired upon exercise of the Option and remit to the Company a sufficient portion of the sale proceeds to pay the entire option price and any withholding tax obligation resulting from such exercise.

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement (Hillenbrand, Inc.), Non Qualified Stock Option Agreement (Hill-Rom Holdings, Inc.), Non Qualified Stock Option Agreement (Hill-Rom Holdings, Inc.)

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