Common use of Delivery of Notice of Exercise of Option Clause in Contracts

Delivery of Notice of Exercise of Option. This Option will be exercised in whole or in part by the Participant’s delivery to the Company of written notice (the “Notice of Exercise of Option” attached hereto as Exhibit A) setting forth the number of shares with respect to which this Option is to be exercised, together with payment by cash or other means acceptable to the Committee, including: (i) by tendering shares of Common Stock valued at Fair Market Value (as defined in Section 7.2 hereof) as of the day of exercise; (ii) by irrevocably authorizing a third party, acceptable to the Committee, to sell shares of Common Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and to remit to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise; (iii) by a “net settlement” of the Option, using a portion of the shares obtained on exercise in payment of the Exercise Price of the Option. (iv) by personal, certified or cashier’s check; (v) by other property deemed acceptable by the Committee; or (vi) by any combination thereof.

Appears in 10 contracts

Samples: Stock Option Agreement (Charter Financial Corp), Stock Option Agreement (Charter Financial Corp), Stock Option Agreement (Madison County Financial, Inc.)

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Delivery of Notice of Exercise of Option. This Option will be exercised in whole or in part by the Participant’s delivery to the Company of written notice (the “Notice of Exercise of Option” attached hereto as Exhibit A) setting forth the number of shares with respect to which this Option is to be exercised, together with payment by cash or other means acceptable to the Committee, including: (i) by tendering shares of Common Stock valued at Fair Market Value (as defined in Section 7.2 hereof) as of the day of exercise; (ii) by irrevocably authorizing a third party, acceptable to the Committee, to sell shares of Common Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and to remit to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise; (iii) by a net settlement” settlement of the Option, using a portion of the shares obtained on exercise in payment of the Exercise Price exercise price of the Option.; (iv) by personal, certified or cashier’s check; (v) by other property deemed acceptable by the Committee; or (vi) by any combination thereof.

Appears in 6 contracts

Samples: Stock Option Agreement (Oconee Federal Financial Corp.), Stock Option Agreement (Oconee Federal Financial Corp.), Stock Option Agreement (Oconee Federal Financial Corp.)

Delivery of Notice of Exercise of Option. This Option will be exercised in whole or in part by the Participant’s delivery to the Company of written notice (the “Notice of Exercise of Option” attached hereto as Exhibit A) setting forth the number of shares with respect to which this Option is to be exercised, together with payment by cash or other means acceptable to the Committee, including: (i) by tendering shares of Common Stock valued at Fair Market Value (as defined in Section 7.2 hereof) as of the day of exercise; (ii) by irrevocably authorizing a third party, acceptable to the Committee, to sell shares of Common Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and to remit to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise; (iii) by a net settlement” settlement of the Option, using a portion of the shares obtained on exercise in payment of the Exercise Price exercise price of the Option.; (iv) by personal, certified or cashier’s check; (v) by other property deemed acceptable by the Committee; or (vi) by any combination thereof.

Appears in 2 contracts

Samples: Stock Option Agreement (Wolverine Bancorp, Inc.), Stock Option Agreement (Wolverine Bancorp, Inc.)

Delivery of Notice of Exercise of Option. This Option will be exercised in whole or in part by the Participant’s delivery to the Company of written notice (the Notice of Exercise of OptionOption ” attached hereto as Exhibit A) setting forth the number of shares with respect to which this Option is to be exercised, together with payment by cash or other means acceptable to the Committee, including: (i) by tendering shares of Common Stock valued at Fair Market Value (as defined in Section 7.2 hereof) as of the day of exercise; (ii) by irrevocably authorizing a third party, acceptable to the Committee, to sell shares of Common Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and to remit to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise; (iii) by a “net settlement” of the Option, using a portion of the shares obtained on exercise in payment of the Exercise Price of the OptionOption (only applicable to Non-Qualified Stock Options). (iv) by personal, certified or cashier’s check; (v) by other property deemed acceptable by the Committee; or (viv) by any combination thereof.

Appears in 2 contracts

Samples: Stock Option Agreement (Parke Bancorp, Inc.), Stock Option Agreement (Parke Bancorp, Inc.)

Delivery of Notice of Exercise of Option. This Option will be exercised in whole or in part by the Participant’s delivery to the Company of written notice (the “Notice of Exercise of Option” attached hereto as Exhibit A) setting forth the number of shares with respect to which this Option is to be exercised, together with payment by cash or other means acceptable to the Committee, including: (i) by tendering shares of Common Stock valued at Fair Market Value (as defined in Section 7.2 hereof) as of the day of exercise; (ii) by irrevocably authorizing a third party, acceptable to the Committee, to sell shares of Common Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and to remit to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise; (iii) by a net settlement” settlement of the Option, using a portion of the shares obtained on exercise in payment of the Exercise Price exercise price of the Option.; (iv) by personal, certified or cashier’s check; (v) by other property deemed acceptable by the Committee; or (vi) by any combination thereof. 7.2 “Fair Market Value” shall have the meaning set forth in Section 8.1(s) of the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Carver Bancorp Inc), Stock Option Agreement (Carver Bancorp Inc)

Delivery of Notice of Exercise of Option. This Option will shall be exercised in whole or in part by the Participant’s delivery to the Company of written notice (the “Notice of Exercise of Option” attached hereto as Exhibit A) setting forth the number of shares with respect to which this Option is to be exercised, together with payment by cash or other means acceptable to the Committee, including: (i) by tendering tendering, either actually or by attestation, shares of Common Stock valued at Fair Market Value (as defined in Section 7.2 hereof) as of the day of exercise; (ii) by irrevocably authorizing a third party, acceptable to the Committee, to sell shares of Common Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and to remit to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise; (iii) by a net settlement” settlement of the Option, using a portion of the shares obtained on exercise in payment of the Exercise Price exercise price of the Option.Option (and if applicable, any minimum required tax withholding); (iv) by personal, certified or cashier’s check;, (v) by other property deemed acceptable by the Committee; or (vi) by any combination thereof.

Appears in 2 contracts

Samples: Stock Option Agreement (Bancorp, Inc.), Non Qualified Stock Option Award Agreement (Bancorp, Inc.)

Delivery of Notice of Exercise of Option. This Option will be exercised in whole or in part by the Participant’s delivery to the Company of written notice (the “Notice of Exercise of Option” attached hereto as Exhibit A) setting forth the number of shares with respect to which this Option is to be exercised, together with payment by cash or other means acceptable to the Committee, including: (i) by tendering shares of Common Stock valued at Fair Market Value (as defined in Section 7.2 hereof8.1(r) of the Plan) as of the day of exercise; (ii) by irrevocably authorizing a third party, acceptable to the Committee, to sell shares of Common Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and to remit to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise; (iii) by a net settlement” settlement of the Option, using a portion of the shares obtained on exercise in payment of the Exercise Price exercise price of the Option.; (iv) by personal, certified or cashier’s check; (v) by other property deemed acceptable by the Committee; or (vi) by any combination thereof.

Appears in 2 contracts

Samples: Stock Option Agreement (Standard Financial Corp.), Stock Option Agreement (Standard Financial Corp.)

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Delivery of Notice of Exercise of Option. This Option will be exercised in whole or in part by the Participant’s delivery to the Company of written notice (the “Notice of Exercise of Option” attached hereto as Exhibit A) setting forth the number of shares with respect to which this Option is to be exercised, together with payment by cash or other means acceptable to the Committee, including: (i) : by tendering shares of Common Stock valued at Fair Market Value (as defined in Section 7.2 hereofbelow) as of the day of exercise; (ii) ; by irrevocably authorizing a third party, acceptable to the Committee, to sell shares of Common Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and to remit to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise; (iii) ; by a net settlement” settlement of the Option, using a portion of the shares obtained on exercise in payment of the Exercise Price exercise price of the Option. (iv) ; by personalcash, certified or cashier’s check; (v) by other property deemed acceptable by the Committee; or (vi) by any combination thereof.

Appears in 1 contract

Samples: Stock Option Agreement (Bancorp, Inc.)

Delivery of Notice of Exercise of Option. This Option will be exercised in whole or in part by the Participant’s delivery to the Company of written notice (the “Notice of Exercise of Option” attached hereto as Exhibit A) setting forth the number of shares with respect to which this Option is to be exercised, together with payment by cash or other means acceptable to the Committee, including: (i) by tendering shares of Common Stock valued at Fair Market Value (as defined in Section 7.2 hereof) as of the day of exercise; (ii) by irrevocably authorizing a third party, acceptable to the Committee, to sell shares of Common Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and to remit to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise; (iii) by a net settlement” settlement of the Option, using a portion of the shares obtained on exercise in payment of the Exercise Price exercise price of the Option.; (iv) by personal, certified or cashier’s check; ; (v) by other property deemed acceptable by the Committee; or (vi) by any combination thereof.

Appears in 1 contract

Samples: Stock Option Agreement (Wolverine Bancorp, Inc.)

Delivery of Notice of Exercise of Option. This Option will be exercised in whole or in part by the Participant’s delivery to the Company of written notice (the “Notice of Exercise of Option” attached hereto as Exhibit A) setting forth the number of shares with respect to which this Option is to be exercised, together with payment by cash or other means acceptable to the Committee, including: (i) 1. by tendering shares of Common Stock valued at Fair Market Value (as defined in Section 7.2 hereof) as of the day of exercise; (ii) 2. by irrevocably authorizing a third party, acceptable to the Committee, to sell shares of Common Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and to remit to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise; (iii) 3. by a net settlement” settlement of the Option, using a portion of the shares obtained on exercise in payment of the Exercise Price exercise price of the Option.; (iv) 4. by personal, certified or cashier’s check; (v) by other property deemed acceptable by the Committee; or (vi) by any combination thereof.

Appears in 1 contract

Samples: Stock Option Agreement (Colonial Financial Services, Inc.)

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