Delivery by the Company. As soon as practicable after receipt of all the items required by paragraph 3 hereof with respect to any exercise of the Option, and subject to the withholding referred to in paragraph 4 hereof, the Company shall deliver or cause to be delivered to Grantee certificates issued in Grantee's name for the number of whole Option Shares purchased upon such exercise. If delivery is by mail, delivery of Option Shares shall be deemed effected for all purposes when a stock transfer agent of the Company shall have deposited the certificates in the United States mail, addressed to the Grantee, and any cash payment (for fractional shares or otherwise) shall be deemed effected when a Company check, payable to Grantee and in an amount equal to the amount of the cash payment, shall have been deposited in the United States mail, addressed to Grantee, in each case in accordance with Section 12.
Appears in 6 contracts
Samples: Agreement (Tci Satellite Entertainment Inc), Agreement (Tci Satellite Entertainment Inc), Agreement (Tci Satellite Entertainment Inc)
Delivery by the Company. As soon as practicable after receipt of all the items required by paragraph 3 hereof with respect to any exercise of the Option, and subject to the withholding referred to in paragraph 4 hereof, the Company shall deliver or cause to be delivered to Grantee certificates issued in Grantee's name for the number of whole Option Shares purchased upon such exercise. If delivery is by mail, delivery of Option Shares shall be deemed effected for all purposes when a stock transfer agent of the Company shall have deposited the certificates in the United States mail, addressed to the Grantee, and any cash payment (for fractional shares or otherwise) shall be deemed effected when a Company check, payable to Grantee and in an amount equal to the amount of the cash payment, shall have been deposited in the United States mail, addressed to Grantee, in each case in accordance with Section 12.
Appears in 2 contracts
Samples: Agreement (Tci Satellite Entertainment Inc), Agreement (Tci Satellite Entertainment Inc)
Delivery by the Company. As soon as practicable after receipt of all the items required by paragraph 3 hereof with respect to any exercise of the Option, and subject to the withholding referred to in paragraph 4 hereof4, the Company shall deliver or cause to be delivered to Grantee certificates issued in Grantee's name for the number of whole Option Shares purchased upon such exercise. If delivery is by mail, delivery of Option Shares shall be deemed effected for all purposes when the Company or a stock transfer agent of the Company shall have deposited the certificates in the United States mail, addressed to the Grantee, and any cash payment (for fractional shares or otherwise) shall be deemed effected when a Company check, payable to Grantee and in an amount equal to the amount of the cash payment, shall have been deposited in the United States mail, addressed to Grantee, in each case in accordance with Section paragraph 12.
Appears in 2 contracts
Samples: Purchase Common Stock (Tele Communications Inc /Co/), Agreement (Tele Communications Inc /Co/)
Delivery by the Company. As soon as practicable after receipt of all the items required by paragraph 3 hereof with respect to any exercise of the Option, and subject to the withholding referred to in paragraph 4 hereof4, the Company shall deliver or cause to be delivered to Grantee certificates issued in Grantee's name for the number of whole Option Shares purchased upon such exercise. If delivery is by mail, delivery of Option Shares shall be deemed effected for all purposes when the Company or a stock transfer agent of the Company shall have deposited the certificates in the United States mail, addressed to the Grantee, and any cash payment (for fractional shares or otherwise) shall be deemed effected when a Company check, payable to Grantee and in an amount equal to the amount of the cash payment, shall have been deposited in the United States mail, addressed to Grantee, in each case in accordance with Section 12paragraph 13.
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