Exercise of Stock Options. All Stock Options which vest may be exercised through full payment of the exercise price: (I) in cash or its equivalent; (II) by exchanging (including by affirmation of ownership) shares of Common Stock previously owned by the Executive (or by establishing such ownership by affirmation), which for this purpose shall not include shares pledged or otherwise subject to a security interest; (III) through a Net Exercise (as defined in the Incentive Compensation Plan) or a broker-assisted exercise arrangement with a broker approved by the Company whereby payment of the exercise price is accomplished with the proceeds of the sale of Common Stock issued upon exercise; or (IV) by a combination of any of Clauses (I), (II) or (III) immediately above or such other method as the Committee may approve.
Appears in 4 contracts
Samples: Employment Agreement (TreeHouse Foods, Inc.), Employment Agreement (TreeHouse Foods, Inc.), Employment Agreement (TreeHouse Foods, Inc.)
