Common use of Effective Date of Exercise Clause in Contracts

Effective Date of Exercise. An exercise under Section 4 shall be effective on the date a properly completed Notice of Exercise Form, together with payment of the purchase price, is delivered in person or by mail to, and accepted by, the executive compensation group at BellSouth headquarters, or as otherwise specified in the Notice of Exercise Form.

Effective Date of Exercise. An exercise under Section ss. 4 shall be effective on the date a properly completed Notice of Exercise Form, together with payment of the purchase priceOption Price, actually is delivered in person or by mail to, to and accepted by, by the executive compensation group at BellSouth headquarters, or as otherwise specified in the an applicable Notice of Exercise Form.