Common use of Exercise, Payment for and Delivery of Stock Clause in Contracts

Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee or other person then entitled to exercise it by giving four business days written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a check to the order of the Company in payment of such price. If the Company is required to withhold on account of any federal, state or local tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if the amount thus required to be withheld.

Appears in 14 contracts

Samples: Stock Option Agreement (New Global Energy, Inc.), Stock Option Agreement (New Global Energy, Inc.), Stock Option Agreement (New Global Energy, Inc.)

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Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee or other person then entitled to exercise it by giving four business days days' written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a check to the order of the Company in payment of such price. If the Company is required to withhold on account of any federal, state or local tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if the amount thus required to be withheld.

Appears in 12 contracts

Samples: Stock Option Agreement (GreenStart, Inc.), Stock Option Agreement (GreenStart, Inc.), Stock Option Agreement (GreenStart, Inc.)

Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee or other person then entitled to exercise it by giving four business days days’ written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price. The exercise price shall become immediately due upon exercise of the Option and, accompanied by a check subject to the order instrument evidencing the grant, shall be payable in one of the Company in payment of such price. If the Company is required to withhold on account of any federal, state or local tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if the amount thus required to be withheld.following alternative forms specified below:

Appears in 7 contracts

Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)

Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee or other person then entitled to exercise it by giving four business days days' written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price. The option price shall become immediately due upon exercise of the option and, accompanied by a check subject to the order instrument evidencing the grant, shall be payable in one of the Company in payment of such price. If the Company is required to withhold on account of any federal, state or local tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if the amount thus required to be withheld.following alternative forms specified below:

Appears in 5 contracts

Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Extension Agreement (Imaging Diagnostic Systems Inc /Fl/)

Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee or other person then entitled to exercise it by giving four business days days’ written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a check to the order . The exercise price shall become immediately due upon exercise of the Company Option and shall be payable in payment of such price. If the Company is required to withhold on account of any federal, state or local tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order one of the Company in payment if the amount thus required to be withheld.following alternative forms specified below:

Appears in 5 contracts

Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Stock Option Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)

Exercise, Payment for and Delivery of Stock. This Option These Options may be exercised by the Grantee or other person then entitled to exercise it them by giving four business days days' written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a check to the order of the Company in payment of such price. If the Company is required to withhold on account of any federal, state or local tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if of the amount thus required to be withheld.

Appears in 4 contracts

Samples: Executive Stock Option Agreement (World Financial Systems Co LTD), Executive Stock Option Agreement (World Financial Systems Co LTD), Executive Stock Option Agreement (World Financial Systems Co LTD)

Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee or other person then entitled to exercise it by giving four five (5) business days days' written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a check to the order of the Company in payment of such price. If the Company is required to withhold on an account of any federal, state present or local future tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if of the amount thus required to be withheldof such withholding.

Appears in 3 contracts

Samples: Stock Option Agreement (Room Plus Inc), Stock Option Agreement (Room Plus Inc), Stock Option Agreement (Room Plus Inc)

Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee or other person then entitled to exercise it by giving four business days days' written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a check to the order of the Company in payment of such price. If the Company is required to withhold on account of any federal, state or local tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if of the amount thus required to be withheld.

Appears in 3 contracts

Samples: Big Buck Brewery & Steakhouse Inc, Big Buck Brewery & Steakhouse Inc, Big Buck Brewery & Steakhouse Inc

Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee or other person then entitled to exercise it by giving four (4) business days days' written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a check to the order of the Company in payment of such price. If the Company is required to withhold on account of any federal, state present or local future tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if of the amount thus required to be withheldof such withholding.

Appears in 3 contracts

Samples: Stock Option Agreement, Stock Option Agreement Stock Option Agreement, Stock Option Agreement (Murray United Development Corp)

Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee or other person then entitled to exercise it by giving four (4) business days written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a check to the order of the Company in payment of such price. If the Company is required to withhold on account of any federal, state or local tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if of the amount thus required to be withheld.

Appears in 2 contracts

Samples: Stock Option Agreement (Dynatronics Corp), Dynatronics Corp

Exercise, Payment for and Delivery of Stock. This Option The Options may be exercised by the Grantee Grantee, or other person then entitled to exercise it for Grantee, by giving four (4) business days days' written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a check payable to the order of the Company in payment of such price. If the Company is required to withhold on account of any federal, for federal or state or local tax imposed income taxes as a result of such exercise, the notice of exercise shall also be accompanied by a check payable to the order of the Company in payment if of the amount thus required to be withheldof such withholding taxes.

Appears in 2 contracts

Samples: Local Financial Corporation Stock Option Agreement (Local Financial Corp /Nv), Local Financial Corporation Stock Option Agreement (Local Financial Corp /Nv)

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Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee or other person then entitled to exercise it by giving four (4) business days days' written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a check to the order of the Company in payment of such price. If the Company is required to withhold on account of any federal, state present or local future tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if of the amount thus required to be withheldof such withholding unless the Company agrees upon an alternative method of payment of such withholding requirement.

Appears in 2 contracts

Samples: Stock Option Agreement (Netfran Development Corp), Stock Option Agreement (Netfran Development Corp)

Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee Optionee or other person then entitled to exercise it by giving four business days days' written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a check to the order of the Company in payment of such price. If the Company is required to withhold on account of any federal, state or local tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if of the amount thus required to be withheld.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Decor Group Inc), Stock Option Agreement (Emarketplace Inc)

Exercise, Payment for and Delivery of Stock. This The Option may be exercised by the Grantee Consultant or other person then entitled to exercise it by giving four (4) business days days' written notice of exercise to the Company Corporation specifying the number of shares to be purchased and the total purchase price, accompanied by a check to the order of the Company Corporation in payment of such price. If the Company Corporation is required to withhold on account of any federal, state present or local future tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company Corporation in payment if of the amount thus required to be withheldof such withholding.

Appears in 1 contract

Samples: Canney Consulting Agreement (Touch Tone America Inc)

Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee or other person then entitled to exercise it by giving four three (3) business days days’ written notice of exercise to the Company specifying the number of shares of Common Stock to be purchased and the total purchase price, accompanied by a check to the order of the Company or wire transfer of immediately available fund in payment of such price. If the Company is required to withhold any amount on account of any federal, state present or local future tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if of the amount thus required to be withheldof such withholding.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Basanite, Inc.)

Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee or other person then entitled to exercise it by giving four (4) business days days’ written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a check to the order of the Company in payment of such price. If the Company is required to withhold on an account of any federal, state present or local future tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if of the amount thus required to be withheldof such withholding.

Appears in 1 contract

Samples: Stock Option Agreement (Lucid Inc)

Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee Optionee or other person then entitled to exercise it by giving four five business days days' written notice of exercise to the Company specifying the number (a form of shares to be purchased and the total purchase pricewhich is attached hereto as Exhibit A), accompanied by a check to the order of the Company in payment of such price. If the Company is required to withhold on account of any federal, state or local tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if of the amount thus required to be withheld.

Appears in 1 contract

Samples: Award Agreement (Triangle Imaging Group Inc)

Exercise, Payment for and Delivery of Stock. This Option may be exercised by the Grantee or other person then entitled to exercise it by giving four (4) business days days’ written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a check to the order of the Company in payment of such price. If the Company is required to withhold on account of any federal, state present or local future tax imposed as a result of such exercise, the notice of exercise shall also be accompanied by a check to the order of the Company in payment if of the amount thus required to be withheld.of such withholding

Appears in 1 contract

Samples: Employee Incentive Stock Option Agreement (Metalico Inc)

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