Common use of Election to Exercise Clause in Contracts

Election to Exercise. To exercise the Option, the Participant (or in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in such form as is approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth, inter alia: (a) the Participant’s election to exercise the Option; (b) the number of Shares of Common Stock being purchased; (c) any restrictions imposed on the Shares; and (d) any representations, warranties and agreements regarding the Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 20 contracts

Samples: Incentive Stock Option Award Agreement (BioRestorative Therapies, Inc.), Incentive Stock Option Award Agreement (BioRestorative Therapies, Inc.), Incentive Stock Option Award Agreement (BioRestorative Therapies, Inc.)

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Election to Exercise. To exercise the Option, the Participant (or in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator, heir heir, legatee or legateepersonal representative, as the case may be) must deliver to the Company an executed stock option exercise agreement in such form as is approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth, inter alia: (a) the Participant’s election to exercise the Option; (b) the number of Shares shares of Common Stock being purchased; (c) any restrictions imposed on the Sharesshares; and (d) any representations, warranties and agreements regarding the Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (United Security Bancshares Inc), Nonqualified Stock Option Agreement (United Security Bancshares Inc), Nonqualified Stock Option Agreement (United Security Bancshares Inc)

Election to Exercise. To exercise the Option, the Participant (or or, in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator, heir heir, legatee or legateepersonal representative, as the case may be) must deliver to the Company an executed stock option exercise agreement in such form as is approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth, inter alia: (a) the Participant’s election to exercise the Option; (b) the number of Shares shares of Common Stock being purchased; (c) any restrictions imposed on the Sharesshares; and (d) any representations, warranties and agreements regarding the Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (First Us Bancshares Inc), Nonqualified Stock Option Agreement (First Us Bancshares Inc), Nonqualified Stock Option Agreement (United Security Bancshares Inc)

Election to Exercise. To exercise the Option, the The Participant (or in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator, heir or legatee, as the case may be) must deliver may exercise all or any part of the vested Share Options by delivering to the Company an executed stock option Share Option exercise agreement notice in such form as is approved by the Committee from time to time (the “Exercise Agreement”)time, which shall set forth, inter alia: : (ai) the Participant’s election to exercise the Option; Share Options, (bii) the number of Common Shares of Common Stock being purchased; , (ciii) any restrictions imposed on the Common Shares; and , and (div) any representations, warranties and agreements regarding the Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the OptionShare Options, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the OptionShare Options.

Appears in 3 contracts

Samples: Share Option Award Agreement (Wejo Group LTD), Share Option Award Agreement (Wejo Group LTD), Share Option Award Agreement (Wejo Group LTD)

Election to Exercise. To exercise the Option, the Participant Director (or in the case of exercise after the Participant’s Director's death or incapacity, the Participant’s Director's executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in such form as is approved by the Committee from time to time (the "Exercise Agreement"), which shall set forth, inter alia: (a) the Participant’s Director's election to exercise the Option; (b) the number of Shares shares of Common Stock being purchased; (c) any restrictions imposed on the Sharesshares; and (d) any representations, warranties and agreements regarding the Participant’s Director's investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant Director exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Intellinetics, Inc.), Non Qualified Stock Option Agreement (Intellinetics, Inc.), Non Qualified Stock Option Agreement (Intellinetics, Inc.)

Election to Exercise. To exercise the Option, the Participant (or in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in such form as is approved by the Committee Administrator from time to time (the “Exercise Agreement”), which shall set forth, inter alia: (a) the Participant’s election to exercise the Option; (b) the number of Shares shares of Common Stock being purchased; (c) any restrictions imposed on the Sharesshares; and (d) any representations, warranties and agreements regarding the Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 3 contracts

Samples: Incentive Stock Option Award Agreement (RespireRx Pharmaceuticals Inc.), Stock Option Award Agreement (Cortex Pharmaceuticals Inc/De/), Non Statutory Stock Option Award Agreement (Cortex Pharmaceuticals Inc/De/)

Election to Exercise. To exercise the Option, the Participant (Holder or in the case of exercise after the ParticipantHolder’s death or incapacity, the ParticipantHolder’s executor, administrator, heir or legatee, as the case may be) must be shall deliver to the Company an a fully completed and executed stock option notice of exercise agreement (“Notice of Exercise”), in such form as is approved may be designated by the Committee from time to time (the “Exercise Agreement”)Company in its sole discretion, which shall set forth, inter alia: (a) i. the ParticipantHolder’s election to exercise the Option; (b) ii. the number of Shares shares of Common Stock being purchased; (c) iii. any restrictions imposed on the Sharesshares; and (d) iv. any representations, warranties and agreements regarding the ParticipantHolder’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant Holder exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 3 contracts

Samples: Nonqualified Stock Option Award Agreement (Viasat Inc), Nonqualified Stock Option Award Agreement (RigNet, Inc.), Incentive Stock Option Award Agreement (RigNet, Inc.)

Election to Exercise. To exercise the Option, the The Participant (or in the case of exercise after the Participant’s 's death or incapacity, the Participant’s 's executor, administrator, heir or legatee, as the case may be) must deliver may exercise all or any part of the vested Options by delivering to the Company an executed stock option exercise agreement notice in such form as is approved by the Committee from time to time (the “Exercise Agreement”)time, which shall set forth, inter alia: : (ai) the Participant’s 's election to exercise the Option; Options, (bii) the number of Shares shares of Common Stock being purchased; , (ciii) any restrictions imposed on the Shares; and shares, and (div) any representations, warranties and agreements regarding the Participant’s 's investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the OptionOptions, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the OptionOptions.

Appears in 3 contracts

Samples: Stock Option Award Agreement (Portillo's Inc.), Stock Option Award Agreement (Portillo's Inc.), Stock Option Award Agreement (First Watch Restaurant Group, Inc.)

Election to Exercise. To exercise the Option, the Participant (or in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in such form as is approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth, inter alia:forth among other things; (a) the Participant’s election to exercise the Option; (b) the number of Shares shares of Common Stock being purchased; (c) any restrictions imposed on the Sharesshares; and (d) any representations, warranties and agreements regarding the Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Planet 13 Holdings Inc.), Non Qualified Stock Option Agreement (Planet 13 Holdings Inc.)

Election to Exercise. To exercise the Option, the Participant (or in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in such form as is approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth, inter alia: (a) the Participant’s election to exercise the Option; (b) the number of Shares shares of Common Stock being purchased; (c) any restrictions imposed on the Sharesshares; and (d) any representations, warranties and agreements regarding the Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 2 contracts

Samples: Stock Option Exercise Agreement (Foxo Technologies Inc.), Incentive Stock Option Agreement (Athena Bitcoin Global)

Election to Exercise. To exercise the Option, the Participant (or in the case of exercise after the Participant’s 's death or incapacity, the Participant’s 's executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in such form as is approved by the Committee from time to time (the "Exercise Agreement"), which shall set forth, inter alia: (a) the Participant’s 's election to exercise the Option; (b) the number of Shares shares of Common Stock being purchased; (c) any restrictions imposed on the Sharesshares; and (d) any representations, warranties and agreements regarding the Participant’s 's investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Marizyme Inc), Incentive Stock Option Agreement (Intellinetics, Inc.)

Election to Exercise. To exercise the Option, the Participant Optionee (or in the case of exercise after the ParticipantOptionee’s death or incapacity, the ParticipantOptionee’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in such form as is approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth, inter alia: (a) the ParticipantOptionee’s election to exercise the Option; (b) the number of Shares shares of Common Stock being purchased; (c) any restrictions imposed on the Sharesshares; and (d) any representations, warranties and agreements regarding the ParticipantOptionee’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant Optionee exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Vegalab, Inc.)

Election to Exercise. To exercise the Option, the Participant Recipient (or in the case of exercise after the ParticipantRecipient’s death or incapacity, the ParticipantRecipient’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option a notice of intent to exercise agreement in such form as is approved the manner designated by the Committee from time to time (the “Exercise Agreement”)Committee, which shall set forth, inter alia: (a) the ParticipantRecipient’s election to exercise the Option; (b) the number of Shares shares of Common Stock being purchased; (c) any restrictions imposed on the Sharesshares; and (d) any representations, warranties and agreements regarding the ParticipantRecipient’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant Recipient exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Dynaresource Inc)

Election to Exercise. To exercise the Option, the Participant Consultant (or in the case of exercise after the ParticipantConsultant’s death or incapacity, the ParticipantConsultant’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company a notice of intent to exercise in the manner designated by the Committee or an executed stock option exercise agreement in such form as is approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth, inter alia: : (a) the ParticipantConsultant’s election to exercise the Option; ; (b) the number of Shares shares of Common Stock being purchased; ; (c) any restrictions imposed on the Sharesshares; and and (d) any representations, warranties and agreements regarding the ParticipantConsultant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant Consultant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Onfolio Holdings, Inc)

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Election to Exercise. To exercise the Option, the Participant (or in the case of exercise after the Participant’s 's death or incapacity, the Participant’s 's executor, administrator, heir or legatee, as the case may be) must deliver to the Company Corporation an executed stock option exercise agreement notice in such form as is approved by the Committee Plan Administrator from time to time (the “Exercise AgreementNotice”), which shall set forth, inter alia: (a) the Participant’s 's election to exercise the Option; (b) the number of Shares of Common Stock being purchased; (c) any restrictions imposed on the Sharesshares; and (d) any representations, warranties and agreements regarding the Participant’s 's investment intent and access to information as may be required by the Company Corporation to comply with applicable securities laws. If someone other than the Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company Corporation verifying that such person has the legal right to exercise the Option.

Appears in 1 contract

Samples: Stock Option Agreement (Grafiti Holding Inc.)

Election to Exercise. To exercise the Option, the Participant (or in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company a notice of intent to exercise in the manner designated by the Committee or an executed stock option exercise agreement in such form as is approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth, inter alia: : (a) the Participant’s election to exercise the Option; ; (b) the number of Shares shares of Common Stock being purchased; ; (c) any restrictions imposed on the Sharesshares; and and (d) any representations, warranties and agreements regarding the Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Onfolio Holdings, Inc)

Election to Exercise. To exercise the Option, the The Participant (or in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator, heir or legatee, as the case may be) must deliver may exercise all or any part of the vested Stock Options by delivering to the Company an executed stock option Stock Option exercise agreement notice in such form as is approved by the Committee from time to time (the “Exercise Agreement”)time, which shall set forth, inter alia: : (ai) the Participant’s election to exercise the Option; Stock Options, (bii) the number of Shares shares of Common Stock being purchased; , (ciii) any restrictions imposed on the Shares; and shares, and (div) any representations, warranties and agreements regarding the Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the OptionStock Options, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.Stock Options. ​ ​

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (Getty Images Holdings, Inc.)

Election to Exercise. To exercise the Option, the Participant Director (or in the case of exercise after the Participant’s Director's death or incapacity, the Participant’s Director's executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in such form as is approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth, inter alia: (a) the Participant’s Director's election to exercise the Option; (b) the number of Shares shares of Common Stock being purchased; (c) any restrictions imposed on the Sharesshares; and (d) any representations, warranties and agreements regarding the Participant’s Director's investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant Director exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (LIGHTBRIDGE Corp)

Election to Exercise. To exercise the Option, the Participant (or in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in such form as is approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth, inter alia: (a) the Participant’s election to exercise the Option; (b) the number of Shares shares of Common Stock being purchased; (c) any restrictions imposed on the Sharesshares; and (d) any representations, warranties and agreements regarding the Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 1 contract

Samples: Incentive Stock Option Award Agreement (Royale Energy, Inc.)

Election to Exercise. To exercise the Option, the The Participant (or in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator, heir or legatee, as the case may be) must deliver may exercise all or any part of the vested Options by delivering to the Company an executed stock option exercise agreement notice in such form as is approved by the Committee from time to time (the “Exercise Agreement”)time, which shall set forth, inter alia: : (ai) the Participant’s election to exercise the Option; Options, (bii) the number of Shares shares of Common Stock being purchased; , (ciii) any restrictions imposed on the Shares; and shares, and (div) any representations, warranties and agreements regarding the Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the OptionOptions, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the OptionOptions.

Appears in 1 contract

Samples: Stock Option Award Agreement (Portillo's Inc.)

Election to Exercise. To exercise the Option, the Participant Employee (or in the case of exercise after the ParticipantEmployee’s death or incapacity, the ParticipantEmployee’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option a notice of intent to exercise agreement in such form as is approved the manner designated by the Committee from time to time (Board of Directors of the “Exercise Agreement”)Company, which shall set forth, inter alia: (a) a. the ParticipantEmployee’s election to exercise the Option; (b) b. the number of Shares shares of Common Stock being purchased; (c) c. any restrictions imposed on the Sharesshares; and (d) d. any representations, warranties and agreements regarding the ParticipantEmployee’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant Employee exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Finwise Bancorp)

Election to Exercise. To exercise the Option, the Participant (or in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator, heir or legatee, as the case may be) must be shall deliver to the Company an a fully completed and executed stock option notice of exercise agreement (“Notice of Exercise”), in such form as is approved may be designated by the Committee from time to time (the “Exercise Agreement”)Company in its sole discretion, which shall set forth, inter alia: (a) the Participant’s election to exercise the Option; (b) the number of Shares shares of Common Stock being purchased; (c) any restrictions imposed on the Sharesshares; and (d) any representations, warranties and agreements regarding the Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than the Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (RigNet, Inc.)

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