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 total purchase price and the presentation and surrender of this Option Agreement. 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 check to the order of the Company in payment of the amount thus required to be withheld.

Appears in 2 contracts

Samples: Stock Option Agreement (Sonicport Com), Stock Option Agreement (Aqua Dyne 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 five (5) 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 certified or cashier’s check payable to the order of the Company in payment of such total purchase price and the presentation and surrender of this Option Agreementprice. 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 certified or cashier’s check payable to the order of the Company in payment of the amount thus required to be withheld.

Appears in 2 contracts

Samples: Stock Option Agreement (Dakota Territory Resource Corp), Incentive Stock Option Agreement (Radiant Oil & Gas 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' written notice of exercise to the Company specifying the number of shares to be purchased and the total purchase price, accompanied by a cash, by cashier's check payable to the order of the Company or by wire transfer to an account specified by the Company in payment of such total purchase price and the presentation and surrender of this Option Agreementprice. 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 of the amount thus required to be withheld.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Big Buck Brewery & Steakhouse 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' 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 total purchase price and the presentation and surrender of this Option Agreement. , 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 check to the order of the Company in payment of the amount thus required to be withheld.

Appears in 1 contract

Samples: Stock Option Agreement (Us Dataworks Inc)

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