Common use of Election to Exercise Clause in Contracts

Election to Exercise. To exercise the Option, the Executive (or in the case of exercise after the Executive’s death or incapacity, the Executive’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 Board of Directors of the Company, which shall set forth, inter alia: a. the Executive’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 Executive’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 Executive 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.

Election to Exercise. To exercise the Option, the Executive Participant (or in the case of exercise after the ExecutiveParticipant’s death or incapacity, the ExecutiveParticipant’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 Board of Directors of the CompanyCommittee, which shall set forth, inter alia: a. (a) the ExecutiveParticipant’s election to exercise the Option; b. (b) the number of shares of Common Stock being purchased; c. (c) any restrictions imposed on the shares; and d. (d) any representations, warranties and agreements regarding the ExecutiveParticipant’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 Executive 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.

Election to Exercise. To exercise the Option, the Executive Participant (or in the case of exercise after the ExecutiveParticipant’s death or incapacity, the ExecutiveParticipant’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 Board of Directors of the Company“Exercise Notice”), which shall set forth, inter alia: a. (a) the ExecutiveParticipant’s election to exercise the Option; b. (b) the number of shares of Common Stock being purchased; c. (c) any restrictions imposed on the shares; and d. (d) any representations, warranties and agreements regarding the ExecutiveParticipant’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 Executive 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.

Election to Exercise. To exercise the Option, the Executive Participant (or in the case of exercise after the ExecutiveParticipant’s death or incapacity, the ExecutiveParticipant’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 Board of Directors of the Company“Exercise Notice”), which shall set forth, inter alia: a. (a) the ExecutiveParticipant’s election to exercise the Option; b. (b) the number of shares of Common Stock being purchased; c. (c) any restrictions imposed on the shares; and d. (d) any representations, warranties and agreements regarding the ExecutiveParticipant’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 Executive 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.