Exchange of Option. This Agreement (and the Option granted by this Agreement) are exchangeable, without expense, at the option of Holder, upon presentation and surrender of this Agreement at the principal office of Issuer, for other Agreements providing for Options of different denominations entitling Holder to purchase, on the same terms and subject to the same conditions as are set forth in this Agreement, in the aggregate the same number of shares of Common Stock subject to this Option. The terms "Agreement" and "Option" as used in this Agreement include any stock option agreements and related options for which this Agreement (and the Option granted by this Agreement) may be exchanged. Upon receipt by Issuer of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Agreement, if mutilated, Issuer will execute and deliver a new Agreement of like tenor and date. Any such new Agreement executed and delivered shall constitute an additional contractual obligation on the part of Issuer, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyone.
Exchange of Option. Subject to the provision of restrictions on ------------------ transfer related to the requirement for registration under the Act and such other restrictions as may be set forth herein; (i) this Option is exchangeable at the option of the Holder at the aforesaid office of the company for other Options of different denominations entitling the Holder thereof to purchase in the aggregate the same number of Common Shares as are purchasable hereunder; and (ii) this Option may be divided or combined with other Options which carry the same rights, in either case, upon presentation hereof at the aforesaid office of the company together with a written notice, signed by the Holder hereof, specifying the names and denominations in which new Options are to be issued, and the payment of any transfer tax due in connection therewith.
Exchange of Option. This Option may be exchanged for a number of Options of the same tenor as this Option for the purchase in the aggregate of the same number of Option Shares of Network-1 as are purchasable upon the exercise of this Option, upon surrender hereof at the office of Network-1 with written instructions as to the denominations of the Options to be issued in exchange.
Exchange of Option. Subject to Section 2(a) hereof, upon surrender for exchange of any Option to the Company, the Company at its expense will promptly issue and deliver to or upon the order of the holder thereof a new Option or like tenor, in the name of such holder, calling in the aggregate for the purchase of the number of Shares called for on the face of the Option surrendered. The Option and all rights thereunder are not transferable in whole or in part upon the books of the Company.
Exchange of Option. This Agreement and the Option granted hereby are exchangeable, without expense, at the option of Grantee, upon presentation and surrender of this Agreement at the principal office of Issuer, for other agreements providing for Options of different denominations entitling the holder thereof to purchase, on the same terms and subject to the same conditions as are set forth herein, in the aggregate the same number of shares of Common Stock purchasable hereunder. The terms "Agreement" and "
Exchange of Option. 7 SECTION 5. ADJUSTMENTS.. . . . . . . . . . . . . . . . . 7
Exchange of Option. This Agreement (and the Option granted by this Agreement) are exchangeable, without expense, at the option of Holder, upon presentation and surrender of this Agreement at the principal office of Blue River, for other Agreements providing for Options of different denominations entitling Holder to purchase, on the same terms and subject to the same conditions as are set forth in this Agreement, in the aggregate the same number of shares of Common Stock subject to this Option. The terms "Agreement" and "Option" as used in this Agreement include any stock option agreements and related options for which this Agreement (and the Option granted by this Agreement) may be exchanged. Upon receipt by Blue River of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Agreement, if mutilated, Blue River will execute and deliver a new Agreement of like tenor and date. Any such new Agreement executed and delivered shall constitute an additional contractual obligation on the part of Blue River, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyone.
Exchange of Option. 3 Section 1.5
Exchange of Option. On the Closing Date, McGaxxx xxxll exchange the Acumen Option for an option to purchase shares of Buyer Common Stock, which option will be granted under the Buyer's 1993 Stock Option Plan. On the Closing Date, the Buyer shall issue to McGaxxx xx option to purchase the number of shares of Buyer Common Stock equal to (i) the product obtained by multiplying the number of shares of Acumen Common Stock subject to the Acumen Option by $146.7646, DIVIDED BY
Exchange of Option. This Option may be split-up, combined or exchanged for another Option or Options of like tenor to purchase a like aggregate number of Shares. If the Holders desire to split-up, combine or exchange this Option, the Holders shall make such request in writing delivered to the Grantor at his corporate office and shall surrender this Option and any other Options to be so split-up, combined or exchanged, the Grantor shall execute and deliver to the person entitled thereto an Option or Options, as the case may be, as so requested. The Grantor shall not be required to effect any split-up, combination or exchange which will result in the issuance of an Option entitling the Holders to purchase upon exercise a fraction of a Share. The Grantor may require the Holders to pay a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any split-up, combination or exchange of Options. The term “Option” as used herein includes any Options issued in substitution for or replacement of this Option, or into which this Option may be divided or exchanged.
