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 of Exhibit “A” hereto or as is otherwise approved by the Administrator from time to time and communicated to the Participant (the "Exercise Agreement"). 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: Nonstatutory Stock Option Agreement (Catheter Precision, Inc.), Incentive Stock Option Agreement (Catheter Precision, Inc.), Nonstatutory Stock Option Agreement (Catheter Precision, 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 an executed stock option exercise agreement substantially in the form attached hereto as Appendix A and in such form of Exhibit “A” hereto or as is otherwise approved by the Administrator Committee from time to time and communicated to the Participant (the "Exercise Agreement"). 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: Non Qualified Stock Option Agreement, Non Qualified Stock Option Agreement (Lightwave Logic, Inc.), Non Qualified Stock Option Agreement (Lightwave Logic, 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 or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in such form of Exhibit “A” hereto or as is otherwise approved by the Administrator Committee from time to time and communicated to the Participant (the "Exercise Agreement"). 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.which shall set forth, inter alia:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (LIGHTBRIDGE Corp)

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