Common use of Exercise/Pledge Clause in Contracts

Exercise/Pledge. Payment may be made by the delivery (on a form prescribed by the Company) of an irrevocable direction to pledge Shares to a securities broker or lender approved by the Company, as security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes.

Appears in 5 contracts

Samples: Nonstatutory Stock Option Agreement (Greater Bay Bancorp), Stock Option Agreement (Greater Bay Bancorp), Stock Option Agreement (Greater Bay Bancorp)

AutoNDA by SimpleDocs

Exercise/Pledge. Payment may be made by the delivery --------------- (on a form prescribed by the Company) of an irrevocable direction to pledge Shares to a securities broker or lender approved by the Company, as security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (First Financial Bancorp /Ca/), Incentive Stock Option Agreement (First Financial Bancorp /Ca/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!