Common use of EXERCISE AND HOLD Clause in Contracts

EXERCISE AND HOLD. If you elect this alternative, you must pay the full exercise price plus related taxes (in cash, a cash equivalent or in common shares of the Company having a value equal to the exercise price and which you have owned for at least six months before the exercise date). When the transaction is complete, you will receive one common share for each NSO exercised. Before choosing an exercise method, you should read the Prospectus, as supplemented, to ensure you understand the federal income tax effect of exercising your NSOs and of the exercise method you choose. If you do not elect one of these methods, we will apply the Cashless Exercise and Sell method described above. Tax Treatment of Your NSOs The federal income tax treatment of your NSOs is discussed in the Plan’s Prospectus, as supplemented. ***** General Terms and Conditions You May Forfeit Your NSOs if Your Employment Ends Normally, you may exercise your NSOs after they vest and before the Expiration Date ([Expiration Date]). However, to the extent permitted by law, your NSOs may be cancelled earlier than the Expiration Date if you terminate employment before [Vesting Date].

Appears in 2 contracts

Samples: Scotts Miracle-Gro Co, Scotts Miracle-Gro Co

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EXERCISE AND HOLD. If you elect this alternative, you must pay the full exercise price plus related taxes (in cash, a cash equivalent or in common shares of the Company having a value equal to the exercise price and which you have owned for at least six months before the exercise date). When the transaction is complete, you will receive one common share for each NSO exercised. Before choosing an exercise method, you should read the Prospectus, as supplemented, to ensure you understand the federal income tax effect of exercising your NSOs and of the exercise method you choose. If you do not elect one of these methods, we will apply the Cashless Exercise and Sell method described above. Tax Treatment of Your NSOs The federal income tax treatment of your NSOs is discussed in the Plan’s Prospectus, as supplemented. ***** General Terms and Conditions You May Forfeit Your NSOs if Your Employment Ends Normally, you may exercise your NSOs after they vest and before the Expiration Date ([Expiration Date]). However, to the extent permitted by law, your NSOs may be cancelled earlier than the Expiration Date if you terminate employment before [Vesting Date].

Appears in 2 contracts

Samples: Scotts Miracle-Gro Co, Scotts Miracle-Gro Co

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EXERCISE AND HOLD. If you elect this alternative, you must pay the full exercise price plus related taxes (in cash, a cash equivalent or in common shares of the Company having a value equal to the POLISH FORM exercise price and which you have owned for at least six months before the exercise date). When the transaction is complete, you will receive one common share for each NSO exercised. Before choosing an exercise method, you should read the Prospectus, as supplemented, to ensure you understand the federal income tax effect of exercising your NSOs and of the exercise method you choose. If you do not elect one of these methods, we will apply the Cashless Exercise and Sell method described above. Tax Treatment of Your NSOs The federal income tax treatment of your NSOs is discussed in the Plan’s Prospectus, as supplemented. ***** General Terms and Conditions You May Forfeit Your NSOs if Your Employment Ends Normally, you may exercise your NSOs after they vest and before the Expiration Date ([Expiration Date]). However, to the extent permitted by law, your NSOs may be cancelled earlier than the Expiration Date if you terminate employment before [Vesting Date].

Appears in 1 contract

Samples: Scotts Miracle-Gro Co

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