Common use of Delivery of Option Shares Clause in Contracts

Delivery of Option Shares. The Secretary of the Company shall have full authority to direct the proper officers of the Company to issue or transfer shares of Company Stock pursuant to the exercise of the Option. As soon as practicable after its receipt of such notice and payment, the Company shall cause the shares so purchased to be issued to the Grantee or to the person authorized to exercise the Option after the Grantee's death, as the case may be, and shall promptly thereafter cause one or more certificates for such shares to be delivered to the Grantee or other person.

Appears in 6 contracts

Samples: Non Employee Director Stock Option Agreement (Aflac Inc), Aflac Inc, Employee Stock Option Agreement (Aflac Inc)

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