Cashless Exercise of Options. Company shall allow Executive to deliver the purchase price payable for the exercise of any options held by Executive either (a) by delivering an irrevocable direction to a securities broker to sell the stock underlying the options and to deliver all or part of the proceeds to Company in payment of the purchase price, or (b) through means of a net share settlement, as determined by the Company in its discretion.
Appears in 5 contracts
Samples: Employment Agreement (Lordstown Motors Corp.), Employment Agreement (Lordstown Motors Corp.), Employment Agreement (Lordstown Motors Corp.)
