Common use of Exercise of Stock Option Clause in Contracts

Exercise of Stock Option. The Optionee may exercise the Stock Option in whole or in part by written notice delivered to the Corporation in the form of Schedule B to this Agreement. The Optionee shall enclose with each such notice payment by cash or by valid check in an amount equal to the number of shares as to which his exercise is made, multiplied by the option price therefor. The Optionee must exercise the Stock Option on or before December 1, 2008 after which it will lapse.

Appears in 9 contracts

Samples: Staff Builders Inc /De/, Staff Builders Inc /De/, Staff Builders Inc /De/

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Exercise of Stock Option. The Optionee may exercise the Stock Option in whole or in part by written notice delivered to the Corporation in the form of Schedule B to this Agreement. The Optionee shall enclose with each such notice payment by cash or by valid check in an amount equal to the number of shares as to which his exercise is made, multiplied by the option price therefor. The Optionee must exercise the Stock Option on or before December July 1, 2008 2007 after which it will lapse.

Appears in 2 contracts

Samples: Staff Builders Inc /De/, Staff Builders Inc /De/

Exercise of Stock Option. The Optionee may exercise the This Stock Option in whole or in part may be exercised by written notice delivered to the Corporation substantially in the form of Schedule B Exhibit β€œ1” hereto delivered to this Agreement. The Optionee shall enclose with each such notice payment by cash or by valid check in an amount equal to the Company stating the number of shares as Option Shares with respect to which his exercise is made, multiplied by the option price therefor. The Optionee must exercise the this Stock Option on or before December 1is being exercised, 2008 after which it will lapsetogether with payment as provided in Section 3.9 of the Plan. Upon exercise, Participant shall make appropriate arrangements and shall be responsible for the withholding of all federal and state income taxes then due, if any.

Appears in 1 contract

Samples: Stock Option Agreement (Southern California Bancorp \ CA)

Exercise of Stock Option. The Optionee may exercise the Stock Option in whole or in part by written notice delivered to the Corporation in the form of Schedule B to this Agreement. The Optionee shall enclose with each such notice payment by cash or by valid check in an amount equal to the number of shares as to which his exercise is made, multiplied by the option price therefor. The Optionee must exercise the Stock Option on or before December 1February 9, 2008 after which it will lapse.

Appears in 1 contract

Samples: Staff Builders Inc /De/

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Exercise of Stock Option. The Optionee may exercise the This Stock Option in whole or in part may be exercised by written notice delivered to the Corporation in the form of Schedule B to this Agreement. The Optionee shall enclose with each such notice payment by cash or by valid check in an amount equal to Company stating the number of shares as Option Shares with respect to which his exercise is made, multiplied by the option price therefor. The Optionee must exercise the this Stock Option on or before December 1is being exercised, 2008 after which it will lapsetogether with payment as provided in Section 9.1 of the Plan. Upon exercise, Optionee shall make appropriate arrangements and shall be responsible for the withholding of all federal and state income taxes then due, if any.

Appears in 1 contract

Samples: Stock Option Agreement (United Security Bancshares)

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