EXERCISE OPTION. Effective as of today, Xxxx X. Xxxxx, the undersigned (“Optionee”) hereby elects to exercise Optionee’s option to purchase ______________ shares of the Common Stock (the “Shares”) of Vapor Corp. (the “Company”) under and pursuant to the Company’s Equity Incentive Plan (the “Plan”) and the Non-Qualified Stock Option Agreement dated December 13, 2016 (the “Option Agreement”).
EXERCISE OPTION. The Option shall be exercisable as follows: EXERCISE PERIOD Commencement Expiration Number of Shares Date Date ---------------- ------------ ------------------- 37,500 ____________, 2002 ___________, 2006 37,500 ____________, 2002 ___________, 2006 37,500 ____________, 2003 ___________, 2006 37,500 ____________, 2003 ___________, 2006 The Employment Agreement shall govern those events that require acceleration of the foregoing vesting schedule.
EXERCISE OPTION. National will have a period of sixty (60) days, through and including June 5, 2000 in which to determine whether or not it wishes to proceed with the acquisition of the City Cinema Rights and the Domestic Cinema Assets. National shall have the right to extend the sixty (60) day period provided in the immediately preceding sentence for up to two (2) additional periods of thirty (30) days, by written notice to Reading given on or before the expiration of such sixty (60) day period (or extension thereof) accompanied by payment to Reading of $100,000 in immediately available funds for each such thirty (30) day extension. If National determines that it wishes to exercise the option, it will give written notice of that election to Reading within this period. Thereafter, National and Reading will cooperate and work in good faith to complete the definitive documentation necessary to complete the transaction, with an intention to close such transactions within sixty (60) days of the date of such election. Closing shall be subject to compliance with the Hart-Xxxxx-Xxxxxx Xxxitrust Improvements Act.
EXERCISE OPTION. LOS shall have the right to exercise this option to purchase at any time after the execution of this Amendment and before December 31, 2034. Closing shall occur within one hundred and eighty
EXERCISE OPTION. The Option may be exercised by Tenant by delivering written notice thereof to Landlord at the address for Landlord listed above, provided that Tenant is not then in default of any of its obligations under this Agreement.
EXERCISE OPTION. The Option shall be exercisable as follows:
EXERCISE OPTION. If all Lenders consent to the Option Exercise on or before the Response Date, Administrative Agent shall notify Senior Agent of Lenders' intent to exercise the Partial Purchase Option. If Administrative Agent gives notice of Lenders' intent to exercise the Partial Purchase Option pursuant to this Section 2.2, each Lender consenting to the Option Exercise (each, an "Accepting Lender") shall remit to Administrative Agent the portion of the Option Price attributable to such Accepting Lender and Administrative Agent, on behalf of Lenders, shall consummate the Partial Purchase Option. Upon the consummation of the Partial Purchase Option, the Option Price shall be treated for all purposes under this Agreement (including, without limitation, amortization) as Term Loan Principal Debt, subject to each provision of the Loan Documents.
EXERCISE OPTION. The Option may be exercised by the --------------- holder of this Option, in whole or in part, by delivery to the Corporation, at any time during the respective Option Period (as defined below in subsection (a) and (b) of Section 7 hereof) of a written notice (the "Option Notice"), which Option Notice shall state such holder's intention to exercise the Option, the date on which the holder proposes to purchase the Option Shares (the "Closing Date") and the number of Option Shares to be purchased on the Closing Date, which Closing Date shall be no later than 30 days nor earlier than 10 days following the date of the Option Notice. Upon receipt by the Corporation of an Option Notice from the holder of this Option, the Corporation shall be obligated to sell, and the holder of this Option shall be obligated to purchase, that number of Option Shares to be purchased on the Closing Date set forth in the Option Notice.
EXERCISE OPTION. 5.1 Subject to clause 5.3, the Put Option shall be exercised only by the Seller giving the Buyer an Exercise Notice in accordance with clause 17 which shall include:
(a) the date on which the Exercise Notice is given;
(b) a statement to the effect that the Seller is exercising the Option; and
(c) a signature by or on behalf of the Seller.
5.2 Subject to clause 5.3, the Call Option shall be exercised only by the Buyer giving the Seller an Exercise Notice in accordance with clause 17 which shall include:
(a) the date on which the Exercise Notice is given;
(b) a statement to the effect that the Buyer is exercising the Call Option; and
(c) a signature by or on behalf of the Buyer.
5.3 In the event of an Exit:
(a) the Board will, as soon as is reasonable practicable, notify the Seller of the relevant circumstances regarding an Exit;
(b) any exercise of the Put Option or the Call Option shall be conditional upon the successful completion of the Exit; and
(c) any Exercise Notice shall be treated as withdrawn and never made if and when the Board concludes that the Exit will not proceed.
5.4 Subject to clause 5.3, once given, an Exercise Notice may not be revoked without the written consent of the other party.
5.5 All dividends and other distributions resolved or declared to be paid or made by the Company in respect of the Option Shares by reference to a record date which falls on or before Completion shall belong to, and be payable to, the Seller.
EXERCISE OPTION. WILCO hereby exercises the Option to purchase the Optional Mitigation Credits.
