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: · Cash or personal, certified or cashier’s check in the sum of $_______, in full/partial payment of the purchase price. · Stock of the Company with a fair market value of $______ in full/partial payment of the purchase price. · 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 (and, if applicable, any minimum required tax withholding). · By selling ______ shares from my Option shares through a broker in full/partial payment of the purchase price.

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: · • Cash or personal, certified or cashier’s check in the sum of $_______, in full/partial payment of the purchase price. · • Stock of the Company with a fair market value of $______ in full/partial payment of the purchase price. · • 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 (and, if applicable, any minimum required tax withholding). · • By selling ______ shares from my Option shares through a broker in full/partial payment of the purchase price.