Exercise of Option Right. To the extent it has vested, you may exercise your Option Right under this Award in whole or in part at the time or times as permitted by the Plan if the Option Right has not otherwise expired, been forfeited or terminated. To exercise you must: • deliver a written election under procedures we establish (including by approved electronic medium) and • pay the Option Price. You may pay the Option Price by • check or by wire transfer of immediately available funds, • actual or constructive transfer of shares of Common Stock you have owned for at least six months having a market value on the Exercise Date equal to the total Option Price, or • any combination of cash, shares of Common Stock and other consideration as the Compensation Committee may permit. If you pay the Option Price by delivery of funds or shares of Common Stock, the value per share for purposes of determining your taxable income from such an exercise will be the Market Value Per Share of the Common Stock on the immediately preceding day before the exercise except that we will use the average of the high and low prices on that date in lieu of the closing price. To the extent permitted by law, you may pay the Option Price from the proceeds of a sale through a broker we designate. The Market Value Per Share for purposes of determining your taxable income from such an exercise will be the actual price at which the broker sold the shares.
Exercise of Option Right. To the extent it has vested, you may exercise your Option Right under this Award in whole or in part at the time or times as permitted by the Plan if the Option Right has not otherwise expired, been forfeited or terminated. To exercise you must: • deliver a written election under procedures established by the Treasurer of Sprint Nextel (including by approved electronic medium) and • pay the Option Price. You may pay the Option Price by • check or by wire transfer of immediately available funds, • actual or constructive transfer of shares of Common Stock you have owned for at least six months having a market value on the Exercise Date equal to the total Option Price, or • by any combination of cash, shares of Common Stock and other consideration as the Compensation Committee may permit. If you pay the Option Price by delivery of funds or shares of Common Stock, the value per share for purposes of determining your taxable income from such an exercise will be the Market Value Per Share of the Common Stock on the immediately preceding day before the exercise except that we will use the average of the high and low prices on that date in lieu of the closing price. To the extent permitted by law, you may pay the Option Price from the proceeds of a sale through a broker designated by the Treasurer of Sprint Nextel. The Market Value Per Share for purposes of determining your taxable income from such an exercise will be the actual price at which the broker sold the shares.
Exercise of Option Right. Each time that Party A exercises the Option Party B and Party C shall:
2.4.1 convene a shareholders meeting, and pass the necessary resolutions to transfer the relevant portion of the Equity Interests to Party A or the relevant Designated Person; and
2.4.2 cause the Company and its directors to, and shall themselves, take all action necessary to effect the Option, including without limitation executing all documents, obtaining all approvals and performing all required steps to transfer the valid ownership of the Equity Interests to Party A or the Designated Person.
Exercise of Option Right. In the event the Option Data Package Trigger is determined pursuant to Section 1.83(a),for each Collaboration Target, within […***…] after the Option Data Package Trigger, (i) each Party will deliver its portion of the Option Data Package with respect to such Collaboration Target, and (ii) BPM will afford Roche the information rights under Section 3.2. In the event that Roche determines that BPM’s Portion of an Option Data Package for a Collaboration Target is incomplete or insufficient, then Roche shall provide written notice to BPM identifying all such deficiencies. If BPM disputes the existence of any such deficiencies, BPM may, at its election, refer such dispute for resolution in accordance with Section 8.8.3. If BPM’s Portion of such Option Data Package for a Collaboration Target is determined to be incomplete or insufficient, BPM shall promptly upon curing all deficiencies re-deliver an updated version of BPM’s Portion of such Option Data Package for such Collaboration Target to Roche; provided that Roche may not request a further updated version of BPM’s Portion of such Option Data Package for such Collaboration Target for a period of […***…]. On a Collaboration Target-by-Collaboration Target basis, Roche shall have the right to exercise its Option Right during the Option Period for a given Collaboration Target. Roche will exercise an Option Right for a Collaboration Target, if at all, by properly delivering an Option Exercise Notice for such Collaboration Target at any time during the Option Period for such Collaboration Target. In the event the Option Data Package Trigger is not determined pursuant to Section 1.83(a), the JDC will set a cut-off date for the data resulting from the Phase I Studies conducted by the Parties for each Collaboration Target so that such data may be included in an Option Data Package for such Collaboration Target in a timely fashion. Such cut-off date shall be determined as follows:
(a) […***…]
(b) […***…] In the event that (a) a Product is for a […***…], (b) such Product satisfies all Option Data Criteria other than the […***…], and (c) Roche wishes to extend the Option Period for such Collaboration Target until all of the Option Data Criteria are satisfied (but in any event no longer than the […***…] anniversary of the date the MTD for the first Combination Product for such […***…] is confirmed by the JDC plus […***…]), then Roche shall provide written notice to BPM of Roche’s election to extend the Option Period and p...
Exercise of Option Right. 4.2.1 EXERCISE OF OPTION RIGHT ON COMPOUND(S):
(a) Following SANOFI's written notification of its exercise of its Option Right for a Licensed Compound, and payment of the license fee as provided hereinafter, the Parties shall negotiate in good faith and execute a License Agreement, and/or a Development Agreement, if any, for such compound.
(b) The License Agreement, and/or the Development Agreement if any, shall contain, among other provisions relative to, (i) an agreed development plan, in case a Development Agreement is entered into), (h) reimbursement and assumption by SANOFI of Acquisition Costs, (iii) diligence requirements, (iv) development responsibilities if any, of the Parties and the Program Council, and (v) provisions for termination, licensing fees, milestone payments and royalties, as set forth hereinafter.
Exercise of Option Right. To the extent it has vested, you may exercise your Option Right under this Award in whole or in part at the time or times as permitted by the Plan if the Option Right has not otherwise expired, been forfeited or terminated. You exercise by delivering a written election under procedures established by the Treasurer of Sprint Nextel (including by approved electronic medium) and paying the Option Price. You may pay the Option Price by • check or by wire transfer of immediately available funds, • actual or constructive transfer of shares of Common Stock you have owned for at least six months having a Fair Market Value on the Exercise Date equal to the total Option Price, or by any combination of cash, shares of Common Stock and other consideration as the Committee may permit. To the extent permitted by law, you may pay the Option Price from the proceeds of a sale through a broker designated by the Treasurer of Sprint Nextel. The Market Value Per Share for purposes of determining your taxable income from such an exercise will be the actual price at which the broker sold the shares.
Exercise of Option Right. To the extent it has vested, you may exercise your Option Right under this Award in whole or in part at the time or times as permitted by the Plan if the Option Right has not otherwise expired, been forfeited or terminated. You exercise by delivering a written election under procedures established by the Treasurer of Sprint Nextel (including by approved electronic medium) and paying the Option Price. You may pay the Option Price by • check or by wire transfer of immediately available funds, • actual or constructive transfer of shares of Common Stock you have owned for at least six months having a Fair Market Value on the Exercise Date equal to the total Option Price, Xxxxx Employment Agreement 12.29.2008 - 31 - or by any combination of cash, shares of Common Stock and other consideration as the Committee may permit. To the extent permitted by law, you may pay the Option Price from the proceeds of a sale through a broker designated by the Treasurer of Sprint Nextel.
Exercise of Option Right. (a) Unless and until terminated as hereinafter provided, the Option Right will become exercisable as set forth in Table I below:
Exercise of Option Right. Roche shall have the right to exercise the Option within *** weeks after Hxxxxxx’s delivery of the Option Exercise Data Package to Roche pursuant to Section 3.1.4 by giving a written notice to Hookipa (“Option Exercise Period”). In the event that Roche exercises the Option during the Option Exercise Period in accordance with the foregoing sentence:
(i) the Collaboration Term for the *** Program will be extended in accordance with Section 1.16;
(ii) the license grant hereunder will include the rights and licenses provided in Section 2.1.3;
(iii) the Collaboration Plan shall be updated in accordance with Section 3.2.3;
Exercise of Option Right. (a) Unless and until terminated as hereinafter provided, the Option Right will become exercisable as set forth in Table I below, as long as the Optionee continues to serve on the Board until the applicable vesting date:
(b) Notwithstanding the provisions of Section 2(a), the Option Right will become immediately exercisable in full if, prior to the date the Option Right becomes fully exercisable pursuant to Section 2(a), (i) the Optionee ceases serving on the Board as a result of his death, disability (as defined by the Board) or retirement at age 72, or (ii) a Change in Control occurs while the Optionee is serving on the Board.
