Common use of EXERCISE OF THE SHARE OPTION Clause in Contracts

EXERCISE OF THE SHARE OPTION. 7.01 The Share Option may be exercised by the Optionee in accordance with the provisions hereof in whole or in part, from time to time, by delivery of written notice of such exercise and by tendering the pay­ment therefor in cash or by certified cheque to the Corporation at its principal office or registered office in the City of Calgary, in the Province of Alberta. Such notice shall state the number of the Option Shares with respect to which the Share Option is then being exercised. The Share Option shall be deemed for all purposes to have been exercised to the extent stated in such notice upon delivery of the notice and a tender of payment in full, notwithstanding any delay in the issuance and delivery of the certificates for the Shares so purchased.

EXERCISE OF THE SHARE OPTION. 7.01 7.1 The Share Option may be exercised exercises by the Optionee in accordance with the provisions hereof in whole or in part, from time to time, by delivery of written notice of such exercise and by tendering the pay­ment therefor payment therefore in cash or by certified cheque to the Corporation at its principal office or registered office in the City of Calgary, in the Province of Alberta. Such notice shall state the number of the Option Shares with respect to which the Share Option is then being exercisedexercises. The Share Option shall be deemed for all purposes to have been exercised to the extent stated in such notice upon delivery of the notice and a tender of payment in full, notwithstanding any delay in the issuance and delivery of the certificates for the Shares so purchased.

EXERCISE OF THE SHARE OPTION. 7.01 The Share Option may be exercised by the Optionee Consultant in accordance with the provisions hereof in whole or in part, from time to time, by delivery of written notice of such exercise and by tendering the pay­ment payment therefor in cash or by certified cheque to the Corporation at its principal office or registered office in the City of Calgary, in the Province of Alberta. Such notice shall state the number of the Option Shares with respect to which the Share Option is then being exercised. The Share Option shall be deemed for all purposes to have been exercised to the extent stated in such notice upon delivery of the notice and a tender of payment in full, notwithstanding any delay in the issuance and delivery of the certificates for the Shares so purchased.

EXERCISE OF THE SHARE OPTION. 7.01 9.1 The Share Option may be exercised by the Optionee Executive in accordance with the provisions hereof in whole or in part, from time to time, by delivery of written notice of such exercise and by tendering the pay­ment payment therefor in cash or by certified cheque to the Corporation at its principal office or and registered office in the City of Calgary, in the Province of Alberta. Such notice shall state the number of the Option Shares with respect to which the Share Option is then being exercised. The Share Option shall be deemed for all purposes to have been exercised to the extent stated in such notice upon delivery of the notice and a tender of payment in full, notwithstanding any delay in the issuance and delivery of the certificates for the Shares so purchased.