Common use of Delivery of Shares Tendered in Payment of Purchase Price Clause in Contracts

Delivery of Shares Tendered in Payment of Purchase Price. If the Optionee exercises options by delivery of shares of Common Stock of the Company, any certificate or certificates representing the shares of Common Stock of the Company to be delivered shall be duly executed in blank by the Optionee or shall be accompanied by a stock power duly executed in blank suitable for purposes of transferring such shares to the Company, and any electronic delivery of shares shall be in a manner sufficient for purposes of transferring such shares to the Company. Fractional shares of Common Stock of the Company will not be accepted in payment of the purchase price of shares acquired upon exercise of this option.

Appears in 8 contracts

Samples: Director Stock Option Agreement (Idexx Laboratories Inc /De), Employee Stock Option Agreement (Idexx Laboratories Inc /De), Director Stock Option Agreement (Idexx Laboratories Inc /De)

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Delivery of Shares Tendered in Payment of Purchase Price. If the Company permits the Optionee exercises to exercise options by delivery of shares of Common Stock of the Company, any the certificate or certificates representing the shares of Common Stock of the Company to be delivered shall be duly executed in blank by the Optionee or shall be accompanied by a stock power duly executed in blank suitable for purposes of transferring such shares to the Company, and any electronic delivery of shares shall be in a manner sufficient for purposes of transferring such shares to the Company. Fractional shares of Common Stock of the Company will not be accepted in payment of the purchase price of shares acquired upon exercise of this option.

Appears in 3 contracts

Samples: Non Statutory Stock Option Agreement (Vision Sciences Inc /De/), Stock Option Agreement (Unica Corp), Non Statutory Stock Option Agreement (Global E Tutor Inc)

Delivery of Shares Tendered in Payment of Purchase Price. If the Company permits the Optionee exercises to exercise options by delivery of shares of Common Stock of the Company, any the certificate or certificates representing the shares of Common Stock of the Company to be delivered shall be duly executed in blank by the Optionee or shall be accompanied by a stock power duly executed in blank suitable for purposes of transferring such shares to the Company, and any electronic delivery of shares shall be in a manner sufficient for purposes of transferring such shares to the Company. Fractional shares of Common Stock of the Company will not be accepted in payment of the purchase price of shares acquired upon exercise of this optionthe Option.

Appears in 2 contracts

Samples: Plan and Agreement (Interleaf Inc /Ma/), Plan and Agreement (Interleaf Inc /Ma/)

Delivery of Shares Tendered in Payment of Purchase Price. If the Company permits the Optionee exercises to exercise options by delivery of shares of Common Stock common stock of the Company, any the certificate or certificates representing the shares of Common Stock common stock of the Company to be delivered shall be duly executed in blank by the Optionee or shall be accompanied by a stock power duly executed in blank suitable for purposes of transferring such shares to the Company, and any electronic delivery of shares shall be in a manner sufficient for purposes of transferring such shares to the Company. Fractional shares of Common Stock common stock of the Company will not be accepted in payment of the purchase price of shares acquired upon exercise of this optionOption.

Appears in 2 contracts

Samples: Option Agreement (Globe Manufacturing Corp), Option Agreement (Globe Manufacturing Corp)

Delivery of Shares Tendered in Payment of Purchase Price. If the -------------------------------------------------------- Optionee exercises options by delivery of shares of Common Stock stock of the Company, any the certificate or certificates representing the shares of Common Stock of the Company to be delivered shall be duly executed in blank by the Optionee or shall be accompanied by a stock power duly executed in blank suitable for purposes of transferring such shares to the Company, and any electronic delivery of shares shall be in a manner sufficient for purposes of transferring such shares to the Company. Fractional shares of Common Stock of the Company will not be accepted in payment of the purchase price of shares acquired upon exercise of this option.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Epresence Inc), Incorporated Non Qualified Stock Option Agreement (Banyan Systems Inc)

Delivery of Shares Tendered in Payment of Purchase Price. If the Optionee exercises options Options by delivery of shares of Common Stock of the Company, any the certificate or certificates representing the shares of Common Stock of the Company to be delivered shall be duly executed in blank by the Optionee or shall be accompanied by a stock power duly executed in blank suitable for purposes of transferring such shares to the Company, and any electronic delivery of shares shall be in a manner sufficient for purposes of transferring such shares to the Company. Fractional shares of Common Stock of the Company will not be accepted in payment of the purchase price of shares acquired upon exercise of this optionOption.

Appears in 2 contracts

Samples: Stock Option Agreement (Idx Systems Corp), Stock Option Agreement (Idx Systems Corp)

Delivery of Shares Tendered in Payment of Purchase Price. If the -------------------------------------------------------- Optionee exercises options Options by delivery of shares of Common Stock of the Company, any the certificate or certificates representing the shares of Common Stock of the Company to be delivered shall be duly executed in blank by the Optionee or shall be accompanied by a stock power duly executed in blank suitable for purposes of transferring such shares to the Company, and any electronic delivery of shares shall be in a manner sufficient for purposes of transferring such shares to the Company. Fractional shares of Common Stock of the Company will not be accepted in payment of the purchase price of shares acquired upon exercise of this optionOption.

Appears in 1 contract

Samples: Stock Option Agreement (Idx Systems Corp)

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Delivery of Shares Tendered in Payment of Purchase Price. If the -------------------------------------------------------- Optionee exercises options by delivery of shares of Common Stock of the Company, any the certificate or certificates representing the shares of Common Stock of the Company to be delivered shall be duly executed in blank by the Optionee or shall be accompanied by a stock power duly executed in blank suitable for purposes of transferring such shares to the Company, and any electronic delivery of shares shall be in a manner sufficient for purposes of transferring such shares to the Company. Fractional shares of Common Stock of the Company will not be accepted in payment of the purchase price of shares acquired upon exercise of this optionoption .

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Epresence Inc)

Delivery of Shares Tendered in Payment of Purchase Price. If the -------------------------------------------------------- Optionee exercises options by delivery of shares of Common Stock of the Company, any the certificate or certificates representing the shares of Common Stock of the Company to be delivered shall be duly executed in blank by the Optionee or shall be accompanied by a stock power duly executed in blank suitable for purposes of transferring such shares to the Company, and any electronic delivery of shares shall be in a manner sufficient for purposes of transferring such shares to the Company. Fractional shares of Common Stock of the Company will not be accepted in payment of the purchase price of shares acquired upon exercise of this option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Banyan Systems Inc)

Delivery of Shares Tendered in Payment of Purchase Price. If the Company permits the Optionee exercises to exercise options by delivery of shares of Common Stock of the Company, any the certificate or certificates representing the shares of Common Stock of the Company to be delivered shall be duly executed in blank by the Optionee or shall be accompanied by a stock power duly executed in blank suitable for purposes of transferring such shares to the Company, and any electronic delivery of shares shall be in a manner sufficient for purposes of transferring such shares to the Company. Fractional shares of Common Stock of the Company will not be accepted in ion payment of the purchase price of shares acquired upon exercise of this optionOption.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Vastera Inc)

Delivery of Shares Tendered in Payment of Purchase Price. If the Company permits the Optionee exercises to exercise options by delivery of shares of Common Stock of the Companycompany, any the certificate or certificates representing the shares of Common Stock of the Company to be delivered shall be duly executed in blank by the Optionee or shall be accompanied by a stock power duly executed in blank suitable for purposes of transferring such shares to the Company, and any electronic delivery of shares shall be in a manner sufficient for purposes of transferring such shares to the Company. Fractional shares of Common Stock of the Company will not be accepted in payment of the purchase price of shares acquired upon exercise of this option.

Appears in 1 contract

Samples: Option Grant Agreement (Yurie Systems Inc)

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