Common use of Exercise Procedure Clause in Contracts

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 33 contracts

Samples: Incentive Stock Option Agreement (Enterworks Inc), Employment Agreement (Open Solutions Inc), Incentive Stock Option Agreement (Cisco Systems Inc)

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Exercise Procedure. Subject to the conditions set forth in this ------------------ Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 12 contracts

Samples: Incentive Stock Option Agreement (Switchboard Inc), Incentive Stock Option Agreement (Banyan Systems Inc), Incentive Stock Option Agreement (Switchboard Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the OptioneeExecutive's delivery of written notice of exercise to the Treasurer of the Company, specifying the Option Grant Date, number of shares to be purchased purchased, and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 43. below. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee Executive may purchase less than the total number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer less than ten whole shares.

Appears in 6 contracts

Samples: Non Statutory Stock Option Agreement (Picturetel Corp), Non Statutory Stock Option Agreement (Picturetel Corp), Non Statutory Stock Option Agreement (Picturetel Corp)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the OptioneeDirector's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor therefore and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee Director may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement (Astropower Inc), Non Qualified Stock Option Agreement (Astropower Inc), Non Qualified Stock Option Agreement (Astropower Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's ’s delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 4 contracts

Samples: Non Statutory Stock Option Agreement (American Superconductor Corp /De/), Incentive Stock Option Agreement (Switchboard Inc), Non Statutory Stock Option Agreement (American Superconductor Corp /De/)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the OptioneeDirector's delivery of written notice of exercise to the Treasurer Chief Financial Officer ("CFO") of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor therefore and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer CFO of the Company of such written notice together with the required payment. The Optionee Director may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Alpha Pro Tech LTD), Non Qualified Stock Option Agreement (Alpha Pro Tech LTD), Non Qualified Stock Option Agreement (Alpha Pro Tech LTD)

Exercise Procedure. Subject to the conditions set forth in this ------------------ Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied accompanies by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 3 contracts

Samples: Non Statutory Stock Option Agreement (Epresence Inc), Non Statutory Stock Option Agreement (Epresence Inc), Non Qualified Stock Option Agreement (Banyan Systems Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor therefore and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Epresence Inc), Incentive Stock Option Agreement (Epresence Inc)

Exercise Procedure. Subject to the conditions set forth in this ------------------- Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied accompanies by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Banyan Systems Inc), Non Qualified Stock Option Agreement (Banyan Systems Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's ’s delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares Shares to be purchased and the purchase price to be paid therefor therefore and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares Shares covered hereby, provided that no partial exercise of this option may be for any fractional share Share or for fewer than ten whole sharesShares.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Novavax Inc), Incentive Stock Option Agreement (Novavax Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the OptioneeGrantee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee Grantee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (United Natural Foods Inc), Non Statutory Stock Option Agreement (United Natural Foods Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option Option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer Secretary of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 43 hereof. Such exercise shall be effective upon receipt by the Treasurer Secretary of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option Option may be for any fractional share or for fewer than ten whole shares.

Appears in 2 contracts

Samples: Stock Option Agreement (Idx Systems Corp), Stock Option Agreement (Idx Systems Corp)

Exercise Procedure. Subject to the conditions set forth in this ------------------- Agreement, this . This option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor therefore and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 2 contracts

Samples: Stock Option Agreement (Gateway Distributors LTD), Stock Option Agreement (Marshall Holdings International, Inc.)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied accompanies by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Epresence Inc), Non Statutory Stock Option Agreement (Epresence Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's ’s delivery of written notice of exercise to the Treasurer of the Company, Company specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less fewer than the total number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten 500 whole shares.

Appears in 1 contract

Samples: Stock Option Agreement (Applix Inc /Ma/)

Exercise Procedure. Subject to the conditions set forth in this ------------------- Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor therefore and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 1 contract

Samples: Stock Option Agreement (Gateway Distributors LTD)

Exercise Procedure. Subject to the conditions set forth in this ------------------ Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor therefore and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Epresence Inc)

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Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer Chief Financial Officer of the Company, Company specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 43. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less fewer than the total number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Global E Tutor Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the OptioneeEmployee's delivery of written notice of exercise to the Treasurer Company of the CompanyExercise Agreement, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt execution by the Treasurer of Employee and the Company of such written notice together with the required paymentExercise Agreement. The Optionee Employee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Organogenesis Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's ' s delivery of written notice of exercise to the Treasurer Stock Administrator of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor therefor, and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company Stock Administrator of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Mapinfo Corp)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten 10 whole shares.

Appears in 1 contract

Samples: Support & Services Agreement (Open Solutions Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's ’s delivery of written notice of exercise to the Treasurer of the Company, Company specifying the number of shares to be purchased and the purchase price to be paid therefor therefore and accompanied by payment in full in accordance with Section 4. Such exercise shall exerciseshall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less fewer than the total number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Vision Sciences Inc /De/)

Exercise Procedure. Subject to the conditions set forth in this ------------------ Agreement, this option Option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer Secretary of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer Secretary of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option Option may be for any fractional share or for fewer than ten whole shares.

Appears in 1 contract

Samples: Stock Option Agreement (Idx Systems Corp)

Exercise Procedure. Subject to the conditions set forth in this ------------------ Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares Shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 45. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares Shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole sharesShares.

Appears in 1 contract

Samples: Stock Option Agreement (Physicians Quality Care Inc)

Exercise Procedure. Subject to the conditions set forth in ------------------- this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied accompanies by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Epresence Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Cisco Systems Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's ’s delivery of written notice of exercise to the Treasurer Secretary of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor therefore and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer Secretary of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Sunterra Corp)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option shall be exercised by the Optionee's ’s delivery of written notice of exercise to the Treasurer of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share or for fewer than ten whole shares.. An example of an option exercise notice is attached to this Agreement as Exhibit A.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (American Superconductor Corp /De/)

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