Common use of DELIVERY OF SHARES TO OPTIONEE Clause in Contracts

DELIVERY OF SHARES TO OPTIONEE. Upon the Optionee's proper exercise of the Option, the Corporation shall deliver to the Optionee one or more certificates evidencing the number of Shares purchased pursuant to the exercise of the Option and such Shares shall be fully paid and nonassessable.

Appears in 3 contracts

Samples: Directors Stock Option Agreement (Cryolife Inc), Directors Stock Option Agreement (Cryolife Inc), Stock Option Agreement (Cryolife Inc)

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DELIVERY OF SHARES TO OPTIONEE. Upon the Optionee's ’s proper exercise of the Option, the Corporation shall deliver to the Optionee one or more certificates evidencing the number of Shares purchased pursuant to the exercise of the Option and such Shares shall be fully paid and nonassessable.

Appears in 1 contract

Samples: Directors Stock Option Agreement (Cryolife Inc)

DELIVERY OF SHARES TO OPTIONEE. Upon the Optionee's proper exercise of the Option, the Corporation Company shall deliver to the Optionee one or more certificates evidencing the number of Shares purchased pursuant to the exercise of the Option and such Shares shall be fully paid and nonassessable.

Appears in 1 contract

Samples: Grant of Director Stock Option (Cryolife Inc)

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DELIVERY OF SHARES TO OPTIONEE. Upon the Optionee's ’s proper exercise of the Option, the Corporation shall deliver to the Optionee one or more certificates evidencing the number of Shares purchased pursuant to the exercise of the Option and such Shares shall be fully paid and nonassessablenon-assessable.

Appears in 1 contract

Samples: Stock Option Agreement (Cryolife Inc)

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