Exercise and Payment. (a) Subject to the provisions of Section 2.4 above, the Options may be exercised, in whole or in part, by delivery of written notice to the Company indicating the number of Options which are being exercised by the Executive, accompanied by payment of the full amount of the "Aggregate Exercise Price" (as such term is hereinafter defined). (b) For purposes of this Section 2.5, the term "Aggregate Exercise Price" shall mean Twenty-Five Cents ($.25) multiplied by the number of Options being exercised by the Executive.
Appears in 4 contracts
Samples: Stock Option Agreement (Cord Blood America, Inc.), Stock Option Agreement (Cord Blood America, Inc.), Stock Option Agreement (Cord Blood America, Inc.)
Exercise and Payment. (a) Subject to the provisions of Section 2.4 above, the Options may be exercised, in whole or in part, by delivery of written notice to the Company indicating the number of Options which are being exercised by the Executive, accompanied by payment of the full amount of the "Aggregate Exercise Price" (as such term is hereinafter defined).
(b) For purposes of this Section 2.5, the term "Aggregate Exercise Price" shall mean Twenty-Five Ten Cents ($.250.10) multiplied by the number of Options being exercised by the Executive.
Appears in 2 contracts
Samples: Stock Option Agreement (Last Mile Logistics Group, Inc.), Stock Option Agreement (Last Mile Logistics Group, Inc.)
Exercise and Payment. (a) Subject to the provisions of Section 2.4 above, the Options may be exercised, in whole or in part, by delivery of written notice to the Company indicating the number of Options which are being exercised by the ExecutiveDirector, accompanied by payment of the full amount of the "Aggregate Exercise Price" (as such term is hereinafter defined).
(b) For purposes of this Section 2.5, the term "Aggregate Exercise Price" shall mean Twenty-Five Cents ($.25) multiplied by the number of Options being exercised by the ExecutiveDirector.
Appears in 2 contracts
Samples: Stock Option Agreement (Cord Blood America, Inc.), Stock Option Agreement (Cord Blood America, Inc.)
Exercise and Payment. (a) Subject to the provisions of Section 2.4 above, the Options may be exercised, in whole or in part, by delivery of written notice to the Company indicating the number of Options which are being exercised by the Executive, accompanied by payment of the full amount of the "Aggregate Exercise Price" (as such term is hereinafter defined).
(b) For purposes of this Section 2.5, the term "Aggregate Exercise Price" shall mean Twenty-Five Ten Cents ($.25.10) multiplied by the number of Options being exercised by the Executive.
Appears in 1 contract
Samples: Stock Option Agreement (Last Mile Logistics Group, Inc.)
