Common use of Exercise of the Option Clause in Contracts

Exercise of the Option. The Vested Portion of the Option may be exercised, to the extent not previously exercised, in whole or in part, at any time or from time to time prior to the expiration or termination of the Option, except that no Option shall be exercisable except in respect to whole shares, and not less than one hundred (100) shares may be purchased at one time unless the number purchased is the total number at the time available for purchase under the terms of the Option. Exercise shall be accomplished by providing the Company with written notice in the form of Exhibit "A" attached hereto, which notice shall be irrevocable when delivered and effective upon payment in full of the Exercise Price and any amounts required for withholding taxes, and the satisfaction of all other conditions to exercise imposed under this Agreement.

Appears in 8 contracts

Samples: Nonqualified Stock Option Agreement (Eventures Group Inc), Nonqualified Stock Option Agreement (Eventures Group Inc), Nonqualified Stock Option Agreement (Eventures Group Inc)

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Exercise of the Option. The Vested Portion (as herein defined) of the Option may be exercised, to the extent not previously exercised, in whole or in part, at any time or from time to time prior to the expiration or termination of the Option, except that no Option shall be exercisable except in respect to whole shares, and not less than one hundred (100) shares may be purchased at one time unless the number purchased is the total number at the time available for purchase under the terms of the Option. Exercise shall be accomplished by providing the Company with written notice in the form of Exhibit "A" attached EXHIBIT A hereto, which notice shall be irrevocable when delivered and effective upon payment in full of the Exercise Option Price in accordance with SECTION 5.4 of the Plan and any amounts required in accordance with SECTION 5.11 of the Plan for withholding taxes, and the satisfaction of all other conditions to exercise imposed under this Agreementthe Plan.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (New Visual Corp), Non Qualified Stock Option Agreement (New Visual Corp), Non Qualified Stock Option Agreement (New Visual Corp)

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Exercise of the Option. The Vested Portion of the Option may be exercised, to the extent not previously exercised, in whole or in part, at any time or from time to time prior to the expiration or termination of the Option, except that no Option shall be exercisable except in respect to whole shares, and not less than one hundred (100) shares may be purchased at one time unless the number purchased is the total number at the time available for purchase under the terms of the Option. Exercise shall be accomplished by providing the Company with written notice in the form of Exhibit "A" attached hereto, which notice shall be irrevocable when delivered and effective upon payment in full of the Exercise Option Price in accordance with Section 5.4 of the Plan and Section 7 hereof and any amounts required in accordance with Section 5.11 of the Plan for withholding taxes, and the satisfaction of all other conditions to exercise imposed under this Agreementthe Plan.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Novo Networks Inc), Nonqualified Stock Option Agreement (Novo Networks Inc), Nonqualified Stock Option Agreement (Novo Networks Inc)

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