Common use of Delivery of Shares on Exercise Clause in Contracts

Delivery of Shares on Exercise. As soon as practicable after receipt of such notice and payment of the Exercise Price, Corporation shall deliver to Optionee, without transfer or issuance tax or other incidental expense to Optionee, at the office of Corporation, or at such other place as may be mutually acceptable, or, at the election of Corporation, by certified mail addressed to Optionee at Optionee's address shown in the records of Corporation, a certificate or certificates for the number of shares of Common Stock set forth in the Notice and for which Corporation has received payment in the manner prescribed herein. Corporation may postpone such delivery until it receives satisfactory proof that the issuance or transfer of such shares will not violate any of the provisions of the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, any rules or regulations of the Securities and Exchange Commission promulgated thereunder, or the requirements of applicable state law relating to authorization, issuance or sale of securities, or until there has been compliance with the provisions of such acts or rules. If Optionee fails to accept delivery of all or any part of the number of shares of Common Stock specified in such notice upon tender of delivery thereof, Optionee's right to exercise the Option for such undelivered shares may be terminated by Corporation.

Delivery of Shares on Exercise. As soon as practicable after receipt of such notice the Notice and payment of the Exercise Price, Corporation Company shall deliver to Optionee, without transfer or issuance tax or other incidental expense to Optionee, at the office of CorporationCompany, or at such other place as may be mutually acceptable, or, at the election of CorporationCompany, by certified mail addressed to Optionee at the Optionee's address shown in the records of CorporationCompany, a certificate or certificates for the number of shares of Common Stock set forth in the Notice and for which Corporation Company has received payment in the manner prescribed herein. Corporation Company may postpone such delivery until it receives satisfactory proof that the issuance or transfer of such shares will not violate any of the provisions of the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, any rules or regulations of the Securities and Exchange Commission promulgated thereunder, or the requirements of applicable state law relating to authorization, issuance or sale of securities, or until there has been compliance with the provisions of such acts or rules. If Optionee fails to accept delivery of all or any part of the number of shares of Common Stock specified in such notice upon tender of delivery thereof, Optionee's his right to exercise the Option for such undelivered shares may be terminated by Corporationthe Company.

Delivery of Shares on Exercise. As soon as practicable after receipt of such notice the Notice and payment of the Exercise Price, Corporation the Company shall deliver to Optionee, without transfer or issuance tax or other incidental expense to Optionee, at the office of Corporationthe Company, or at such other place as may be mutually acceptable, or, at the election of Corporationthe Company, by certified mail addressed to Optionee at Optionee's ’s address shown in the records of Corporationthe Company, a certificate or certificates for the number of shares of Common Stock set forth in the Notice and for which Corporation the Company has received payment in the manner prescribed herein. Corporation Company may postpone such delivery until it receives satisfactory proof that the issuance or transfer of such shares will not violate any of the provisions of the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, any rules or regulations of the Securities and Exchange Commission promulgated thereunder, or the requirements of applicable state law relating to authorization, issuance or sale of securities, or until there has been compliance with the provisions of such acts or rules. If Optionee fails to accept delivery of all or any part of the number of shares of Common Stock specified in such notice upon tender of delivery thereof, Optionee's ’s right to exercise the Option for such undelivered shares may be terminated by Corporationthe Company.

Delivery of Shares on Exercise. As soon as practicable possible after receipt of such notice the Notice and payment of the Exercise Price, Corporation the Company shall deliver to Optionee, without transfer or issuance tax or other incidental expense to Optionee, at the office of Corporationthe Company, or at such other place as may be mutually acceptable, or, at the election of Corporationthe Company, by certified mail addressed to Optionee at Optionee's address shown in the employment records of Corporationthe Company, a certificate or certificates for the number of shares of Common Stock set forth in the Notice and for which Corporation the Company has received payment in the manner prescribed herein. Corporation The Company may postpone such delivery until it receives satisfactory proof that the issuance or transfer of such shares will not violate any of the provisions of the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, any rules or regulations of the Securities and Exchange Commission promulgated thereunder, thereunder or the requirements of applicable state law relating to authorization, issuance or sale of securities, securities or until there has been compliance with applicable policies of the provisions of such acts or rulesCompany. If Optionee fails to accept delivery of all or any part of the number of shares of Common Stock specified in such notice upon tender of delivery thereof, Optionee's right to exercise the Option for such undelivered shares may be terminated by Corporationthe Company.

Delivery of Shares on Exercise. As soon as practicable after receipt of such notice the Notice and payment of the Exercise Price, Corporation the Company shall deliver to Optionee, without transfer or issuance tax or other incidental expense to Optionee, at the office of Corporationthe Company, or at such other place as may be mutually acceptable, or, at the election of Corporationthe Company, by certified mail addressed to Optionee at Optionee's address shown in the records of Corporationthe Company, a certificate or certificates for the number of shares of Common Stock set forth in the Notice and for which Corporation the Company has received payment in the manner prescribed herein. Corporation The Company may postpone such delivery until it receives satisfactory proof that the issuance or transfer of such shares will not violate any of the provisions of the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, any rules or regulations of the Securities and Exchange Commission promulgated thereunder, or the requirements of applicable state law relating to authorization, issuance or sale of securities, or until there has been compliance with the provisions of such acts or rules. If Optionee fails to accept delivery of all or any part of the number of shares of Common Stock specified in such notice upon tender of delivery thereof, Optionee's right to exercise the Option for such undelivered shares may be terminated by Corporationthe Company.

Delivery of Shares on Exercise. As soon as practicable after receipt of such notice the Notice and payment of the Exercise Price, Corporation Company shall deliver to Optionee, without transfer or issuance tax or other incidental expense to Optionee, at the office of CorporationCompany, or at such other place as may be mutually acceptable, or, at the election of CorporationCompany, by certified mail addressed to Optionee at the Optionee's ’s address shown in the records of CorporationCompany, a certificate or certificates for the number of shares of Common Stock set forth in the Notice and for which Corporation Company has received payment in the manner prescribed herein. Corporation Company may postpone such delivery until it receives satisfactory proof that the issuance or transfer of such shares will not violate any of the provisions of the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, any rules or regulations of the Securities and Exchange Commission promulgated thereunder, or the requirements of applicable state law relating to authorization, issuance or sale of securities, or until there has been compliance with the provisions of such acts or rules. If Optionee fails to accept delivery of all or any part of the number of shares of Common Stock specified in such notice upon tender of delivery thereof, Optionee's her right to exercise the Option for such undelivered shares may be terminated by Corporation.the Company. [DIRECTOR FORM]

Delivery of Shares on Exercise. As soon as practicable after receipt of such notice the Notice and payment of the Exercise Price, Corporation Company shall deliver to Optionee, without transfer or issuance tax or other incidental expense to Optionee, at the office of CorporationCompany, or at such other place as may be mutually acceptable, or, at the election of CorporationCompany, by certified mail addressed to Optionee at the Optionee's ’s address shown in the records of CorporationCompany, a certificate or certificates for the number of shares of Common Stock set forth in the Notice and for which Corporation Company has received payment in the manner prescribed herein. Corporation Company may postpone such delivery until it receives satisfactory proof that the issuance or transfer of such shares will not violate any of the provisions of the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, any rules or regulations of the Securities and Exchange Commission promulgated thereunder, or the requirements of applicable state law relating to authorization, issuance or sale of securities, or until there has been compliance with the provisions of such acts or rules. If Optionee fails to accept delivery of all or any part of the number of shares of Common Stock specified in such notice upon tender of delivery thereof, Optionee's her right to exercise the Option for such undelivered shares may be terminated by Corporationthe Company.