Common use of Cashless Sell Clause in Contracts

Cashless Sell. Xxxxxxx Xxxxx xxxxx all shares covered by the Options you are exercising, deducts the cost of the stock you purchased plus applicable taxes, costs, and fees, and sends you a check or wires the net proceeds to your bank account. Certain participants are required to have cashless exercises executed in certain circumstances, including to satisfy tax liabilities.

Cashless Sell. Xxxxxxx Xxxxx xxxxx all shares covered by the Options you are exercising, deducts the cost of the stock you purchased plus applicable taxes, costs, and fees, and sends you a check or wires the net proceeds to your bank account. Certain participants are required to have cashless exercises executed in certain circumstances, including to satisfy tax liabilities.