EXERCISE OF THE OPTIONS. The Option to purchase the Option Shares shall be exercisable upon the terms and conditions hereinafter set forth: Subject to the terms and conditions of this Agreement, the Option to purchase the Option Shares shall be exercisable by Optionee upon delivery of notice to the Corporation (the "Exercise Notice") in accordance with the procedure prescribed in this Section 4. The Exercise Notice shall state that Optionee has elected to exercise the Option or any portion thereof. The Option may be exercised by the Optionee, in whole or in part, by the delivery of the Exercise Notice to the office of the Corporation, and by payment to the Corporation of the Purchase Price in cash or by wire transfer, for each share being purchased. Upon the exercise of the Option, a certificate or certificates for the shares of Common Stock so purchased, registered in the name of the holder, shall be promptly delivered to the holder hereof within a reasonable time. The person in whose name any certificate for shares of Common Stock is issued upon exercise of the Option shall for all purposes be deemed to have become the holder of record of such shares on the date on which the Exercise Notice was delivered and payment of the Purchase Price was made, except that, if the date of such surrender and payment is a date on which the stock transfer books of the Corporation are closed, such person shall be deemed to have become the holder of such shares at the close of business on the next succeeding date on which the stock transfer books are open.
EXERCISE OF THE OPTIONS. (a) Subject to the provisions of the Plan and this Agreement (including Section 4 hereof), the Optionee may exercise all or a portion of the vested Options at any time prior to the tenth anniversary of the Date of Grant (the “Expiration Date”); provided that Options may be exercised with respect to whole Shares only; and provided further that Options may not be exercised at any one time as to fewer than 100 Shares (or such number of Shares as to which the Options are then exercisable if such number is less than 100). In no event shall the Options be exercisable on or after the Expiration Date.
EXERCISE OF THE OPTIONS. 3.1 The Options may be exercised as follows:
EXERCISE OF THE OPTIONS. Purchaser may exercise the Options at any time during the Option Period by delivery to Hellxxx, xxth respect to the exercise of the Hellxxx Xxxion, and to Ruud, with respect to the exercise of the Ruud Option, of written notice thereof at the notice address for Hellxxx xxx Ruud, xxspectively, set forth in Section 4.4 hereof (an "Option Notice"). The Hellxxx Xxxion and the Ruud Option must both be exercised if either is exercised. The closing (an "Option Closing") of the purchase and sale of the Hellxxx Xxxion Shares or the Ruud Option Shares, as the case may be, shall occur as soon as practicable after the delivery of the Option Notice pertaining to such shares but in no event later than ten (10) days from the date of delivery of that Option Notice. The obligation of Purchaser to consummate the purchase of any of the Hellxxx Xxxion Shares or the Ruud Option Shares at any Option Closing is conditioned upon the receipt by the Company and the Shareholders of all governmental and regulatory approvals required for the ownership of the Hellxxx Xxxion Shares or the Ruud Option Shares, as the case may be. At an Option Closing, certificates representing the Hellxxx Xxxion Shares or the Ruud Option Shares, as the case may be, shall be delivered, together with stock powers duly executed in blank, to the Purchaser free and clear of any and all claims, liens, charges, pledges or encumbrances and the Purchaser shall deliver to Hellxxx xxx Ruud, xx the case may be, their respective allocable portion of the Option Purchase Price. Hellxxx xxx Ruud shall pay any and all transfer and similar taxes imposed in connection with the sale of the Hellxxx Xxxion Shares and the Ruud Option Shares to Purchaser.
EXERCISE OF THE OPTIONS. (a) Subject to the provisions of the Plan (including without limitation Section 6(j) of the Plan (Separation from Service) and Section 11 of the Plan (Separation from Service following a Change in Control)), the Exchange Program Documents and this Agreement, the Optionee may exercise all or a portion of the vested Options at any time prior to the Expiration Date; provided that Options may be exercised with respect to whole Shares only; and provided further that Options may not be exercised at any one time as to fewer than 100 Shares (or such number of Shares as to which the Options are then exercisable if such number is less than 100). In no event shall the Options be exercisable on or after the Expiration Date.
EXERCISE OF THE OPTIONS. 2.1 RTS may exercise the Call Option by serving a Call Exercise Notice on Marconi at any time after 30th September, 2004.
EXERCISE OF THE OPTIONS. The Option to purchase the Option Shares shall be exercisable upon the terms and conditions hereinafter set forth: Subject to the terms and conditions of this Agreement, the Option to purchase the Option Shares shall be exercisable by Optionee upon delivery of notice to the Corporation (the "Exercise Notice") in accordance with the procedure prescribed in this Section 4. The Exercise Notice shall state that Optionee has elected to exercise the Option or any portion thereof. The Option may be exercised by the Optionee, in whole or in part, by the delivery of the Exercise Notice to the office of the Corporation, and by payment to the Corporation of the Purchase Price in cash or by wire transfer, for each share being purchased. Upon the exercise of the Option, a certificate or certificates for the shares of Common Stock so purchased, registered in the name of the holder, shall be promptly delivered to the holder hereof within a reasonable
EXERCISE OF THE OPTIONS. The Option to purchase the Option Shares shall be exercisable upon the terms and conditions hereinafter set forth:
EXERCISE OF THE OPTIONS. 3.1 HPE Cayman may only exercise the Put Option by serving the Exercise Notice on the UNIS Counterparty during the period beginning on the date that falls after the first day of the sixteenth (16) month from Amended Put SPA Closing and ending on the earlier of the date that (a) an Exercise Notice is served by the UNIS Counterparty on HPE Cayman, and (b) falls thirty-six (36) months after the Amended Put SPA Closing (the Put Option Exercise Period).
EXERCISE OF THE OPTIONS. (a) All or any portion of the Options may ----------------------- be exercised, in whole or in part, by the Holder hereof by completing and duly executing a notice of exercise in the form of Exhibit "A" annexed hereto, and delivering the notice to the Company at any time before the Expiration Date, accompanied by payment in cash or by certified or official bank check, payable to the order of the Company, of the sum obtained by multiplying the number of shares of Common Stock being purchased upon such exercise by the Exercise Price then in effect. Unless the Options have expired or been exercised in full, the Company and the Holder agree that the Company may affix to this Agreement an appropriate notation indicating the number of shares for which Options were exercised and return this Agreement to the Holder.
