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 therefore and accompanied by payment in full in accordance with Section 4.

Appears in 3 contracts

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

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Exercise Procedure. Subject to the conditions set forth in this AgreementAgreement and, this option if applicable, Section 6 of the Plan, the Options 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 Exercise Price Per Share to be paid therefore therefor and accompanied by payment in full in accordance with Section 43 hereof. The Optionee may purchase less than the total number of shares covered hereby, provided that no exercise of less than all the Options may be for less than 100 whole shares.

Appears in 3 contracts

Samples: Non Statutory Stock Option Agreement (Universal Stainless & Alloy Products Inc), Non Statutory Stock Option Agreement (Global Pharmaceutical Corp \De\), Non Statutory Stock Option Agreement (Global Pharmaceutical Corp \De\)

Exercise Procedure. Subject to the conditions set forth in terms of this Option Agreement, this option 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 therefore and paid, accompanied by payment in full in accordance with Section 44 of this Option Agreement. Such exercise shall be effective upon receipt by the Company of such written notice together with the required payment. The Optionee may purchase less than the number shares covered by the vested portion of the Option, provided that no partial exercise of this Option may be for a fraction of a share.

Appears in 3 contracts

Samples: Stock Option Agreement (Lsi Logic Corp), Stock Option Agreement (Lsi Logic Corp), Stock Option Agreement (Lsi Logic 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 therefore and therefor, accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by the Company of such written notice together with the required payment. The Optionee may purchase less than the number of shares which are vested and covered hereby, provided that no partial exercise of this option may be for any fractional share or for less than one whole share.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Clinical Data Inc), Non Qualified Stock Option Agreement (Clinical Data Inc), Incentive Stock Option Agreement (Clinical Data Inc)

Exercise Procedure. Subject to the conditions set forth in this Agreement, this option once vested 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 therefore therefor and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by 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 less than one whole share.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Smart Video Technologies Inc), Incentive Stock Option Agreement (Smart Video Technologies Inc)

Exercise Procedure. Subject to the conditions set forth in this AgreementAgreement and, this option if applicable, Section 6 of the Plan, the Options 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 Exercise Price Per Share to be paid therefore therefor and accompanied by payment in full in accordance with Section 44 hereof. The Optionee may purchase less than the total number of shares covered hereby, provided that no exercise of less than all the Options may be for less than 100 whole shares.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Universal Stainless & Alloy Products Inc), Incentive Stock Option Agreement (Global Pharmaceutical Corp \De\)

Exercise Procedure. Subject to the conditions set forth in this AgreementAgreement and, this option if applicable, Section 7 of the Plan, the Options 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 Exercise Price Per Share to be paid therefore therefor and accompanied by payment in full in accordance with Section 43 hereof. The Optionee may purchase less than the total number of shares covered hereby, provided that no exercise of less than all the Options may be for less than 100 whole shares.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Universal Stainless & Alloy Products Inc)

Exercise Procedure. Subject to the conditions set forth in this AgreementAgreement and, this option if applicable, Section 6 of the Plan, the Options 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 Exercise Price Per Share to be paid therefore therefor and accompanied by payment in full in accordance with Section 43 hereof. The Optionee may purchase less than the total number of shares covered hereby, provided that no exercise of less than all the Options may be for less than 100 whole shares.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Universal Stainless & Alloy Products 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 of the Company, specifying the number of shares to be purchased and the purchase price to be paid therefore therefor and accompanied by payment in full in accordance with Section 46 of this Agreement. Such exercise shall be effective upon receipt by 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.

Appears in 1 contract

Samples: Stock Option Agreement (Bay Networks Inc)

Exercise Procedure. Subject to the conditions set forth in terms of this Agreement, this option 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 therefore and paid, accompanied by payment in full in accordance with Section 43(e) of this Agreement. Such exercise shall be effective upon receipt by the Company of such written notice together with the required payment. The Optionee may purchase less than the number of Shares covered by the vested portion of the Option, provided that no partial exercise of this Option may be for a fraction of a Share.

Appears in 1 contract

Samples: Stock Option Agreement (Lsi Logic 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 therefore 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. No partial exercise of this option may be for any fractional share.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Avanex Corp)

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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 therefore 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.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Distributed Energy Systems 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 therefore and accompanied by payment in full in accordance with Section 4. Such exercise shall be effective upon receipt by 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 less than one whole share.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Avalon Pharmaceuticals Inc)

Exercise Procedure. Subject to the conditions set forth in this AgreementAgreement and, this option if applicable, Section 6 of the Plan, the Options 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 Exercise Price Per Share to be paid therefore therefor and accompanied by payment in full in accordance with Section 44 hereof. The Optionee may purchase less than the total number of shares covered hereby, provided that no exercise of less than all the Options may be for less than 100 whole shares.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Universal Stainless & Alloy Products 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 therefore 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 than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Distributed Energy 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, Company specifying the number of shares of Common Stock to be purchased and the purchase price to be paid therefore therefor and accompanied by payment in full in accordance full. Such exercise shall be effective upon receipt by the Treasurer of the Company of such written notice together with Section 4the required payment. The Optionee may purchase fewer than the total number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share.

Appears in 1 contract

Samples: Stock Option Agreement (Yurie Systems Inc)

Exercise Procedure. Subject to the conditions set forth in this AgreementAgreement and, this option if applicable, Section 7 of the Plan, the Options 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 Exercise Price Per Share to be paid therefore therefor and accompanied by payment in full in accordance with Section 43 hereof. The Optionee may purchase less than the total number of shares covered hereby, provided that no exercise of less than all the Options may be for less than 100 whole shares.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Universal Stainless & Alloy Products Inc)

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