Cashless Payment. Provided that prior approval of the Company has been obtained, the Grantee may use Common Stock of the Company owned by him to pay the purchase price for the Option Shares by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value.
Appears in 6 contracts
Samples: Stock Option Agreement (PAVmed Inc.), Stock Option Agreement (Lucid Diagnostics Inc.), Stock Option Agreement (PAVmed Inc.)
Cashless Payment. Provided that prior approval of the Company has been obtained, the Grantee Employee may use Common Stock of the Company owned by him to pay the purchase price for the Option Shares by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value.
Appears in 3 contracts
Samples: Stock Option Agreement (Propel Media, Inc.), Stock Option Agreement (August Arthur), Stock Option Agreement (Cpi Aerostructures Inc)
Cashless Payment. Provided that prior approval of the Company has been obtained, the Grantee Employee may use Common Stock of the Company owned by him or her to pay the purchase price for the Option Shares by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value.
Appears in 3 contracts
Samples: Stock Option Agreement (Kitara Media Corp.), Stock Option Agreement (Cpi Aerostructures Inc), Stock Option Agreement (Cpi Aerostructures Inc)