Exercise Process. The Option may be exercised by giving notice to Fidelity Stock Plan Services, LLC (“Fidelity”), the third party administrator administering the Option exercise process or any other third party administrator the Company may engage in the future. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”), as set forth in Section 10 below. Alternatively, the Committee may allow for one or more of the following methods of exercising the Option: (a) Payment for shares of Stock as to which the Option is being exercised and/or payment of any Tax-Related Items may be made by transfer to the Company of shares of Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Items, as the case may be. (b) A “same day sale” transaction pursuant to which a third party (engaged by you or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Items, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you. (c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Stock with a fair market value equal to the Exercise Price and the amount of any Tax-Related Items. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Items), subject to Section 13 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 5 contracts
Samples: Stock Option Award Agreement (Walgreens Boots Alliance, Inc.), Stock Option Award Agreement (Walgreens Boots Alliance, Inc.), Stock Option Award Agreement (Walgreens Boots Alliance, Inc.)
Exercise Process. The Option may be exercised by giving notice to Fidelity Stock Plan Services, LLC (“"Fidelity”"), the third party administrator administering the Option exercise process or any other third party administrator the Company may engage in the future. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“"Tax-Related Items”"), as set forth in Section 10 below. Alternatively, the Committee may allow for one or more of the following methods of exercising the Option:
(a) Payment for shares of Stock as to which the Option is being exercised and/or payment of any Tax-Related Items may be made by transfer to the Company of shares of Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Items, as the case may be.
(b) A “"same day sale” " transaction pursuant to which a third party (engaged by you or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Items, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “"net exercise” " transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Stock with a fair market value equal to the Exercise Price and the amount of any Tax-Related Items. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Items), subject to Section 13 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “"same day sale” " transaction (either a “"sell-all” " transaction or a “"sell-to-cover” " transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 4 contracts
Samples: Stock Option Award Agreement (Walgreens Boots Alliance, Inc.), Stock Option Award Agreement (Walgreens Boots Alliance, Inc.), Stock Option Award Agreement (Walgreens Boots Alliance, Inc.)
Exercise Process. The This Option may be exercised by giving notice to Fidelity Stock Plan Services, LLC (“Fidelity”), the third party administrator administering to administer the Option exercise process or any other third party administrator the Company may engage in the futureprocess. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“"Tax-Related Items”"), as set forth in Section 10 below. Alternatively, the Committee may allow for one or more of the following methods of exercising the this Option:
(a) Payment for shares of Stock as to which the this Option is being exercised and/or payment of any Tax-Related Items may be made by transfer to the Company of shares of Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A “same day sale” transaction pursuant to which a third party (engaged by you or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Items, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Stock with a fair market value equal to the Exercise Price and a number of shares of Stock with a fair market value equal to the amount of any Tax-Related Items. Items As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Items), subject to Section 13 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this the Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 3 contracts
Samples: Stock Option Award Agreement (Walgreens Boots Alliance, Inc.), Stock Option Award Agreement (Walgreens Boots Alliance, Inc.), Stock Option Award Agreement (Walgreens Boots Alliance, Inc.)
Exercise Process. The An Option may be exercised by giving written notice to Fidelity Stock ElectroMedical Technologies, Inc., Attention: Plan ServicesAdministrator, LLC 10000 X 00" Xxxxxx, Xxxxx 000, Xxxxxxxxxx, XX 00000 (“Fidelity”or such other address as the Company may specify). Alternatively, the Company may designate one or more third party administrator administering parties to administer the Option exercise process or any other third party administrator the Company may engage in the futureand direct you accordingly. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 8 below. Alternatively, the Committee Administrator may allow for one or more of the following methods of exercising the an Option:
(a) Payment for shares of Stock as to which the an Option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A “same day sale” transaction pursuant to which a third party (engaged by you your or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Common Stock with a fair market value Fair Market Value equal to the Exercise Price exercise price and a number of shares of Common Stock with a Fair Market Value equal to the amount of any Tax-Related Itemstax withholding obligations. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 8 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 3 contracts
Samples: Stock Purchase Agreement (Electromedical Technologies, Inc), Stock Purchase Agreement (Electromedical Technologies, Inc), Stock Purchase Agreement (Electromedical Technologies, Inc)
Exercise Process. The An Option may be exercised by giving written notice to Fidelity Stock ElectroMedical Technologies, Inc., Attention: Plan ServicesAdministrator, LLC 10000 X 00™ Xxxxxx, Xxxxx 000, Xxxxxxxxxx, XX 00000 (“Fidelity”or such other address as the Company may specify). Alternatively, the Company may designate one or more third party administrator administering parties to administer the Option exercise process or any other third party administrator the Company may engage in the futureand direct you accordingly. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 8 below. Alternatively, the Committee Administrator may allow for one or more of the following methods of exercising the an Option:
(a) Payment for shares of Stock as to which the an Option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A “same day sale” transaction pursuant to which a third party (engaged by you your or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Common Stock with a fair market value Fair Market Value equal to the Exercise Price exercise price and a number of shares of Common Stock with a Fair Market Value equal to the amount of any Tax-Related Itemstax withholding obligations. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 8 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 2 contracts
Samples: Employee Stock Option Agreement (Electromedical Technologies, Inc), Employee Stock Option Agreement (Electromedical Technologies, Inc)
Exercise Process. The Option may be exercised by giving notice to Fidelity Stock Plan Services, LLC (“Fidelity”), the third party administrator administering to administer the Option exercise process or any other third party administrator the Company may engage in the futureprocess. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“"Tax-Related Items”"), as set forth in Section 10 below. Alternatively, the Committee may allow for one or more of the following methods of exercising the Option:
(a) Payment for shares of Stock as to which the Option is being exercised and/or payment of any Tax-Related Items may be made by transfer to the Company of shares of Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Items, as the case may be.
(b) A “"same day sale” " transaction pursuant to which a third party (engaged by you or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Items, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “"net exercise” " transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Stock with a fair market value equal to the Exercise Price and the amount of any Tax-Related Items. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Items), subject to Section 13 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “"same day sale” " transaction (either a “"sell-all” " transaction or a “"sell-to-cover” " transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 2 contracts
Samples: Stock Option Award Agreement (Walgreens Boots Alliance, Inc.), Stock Option Award Agreement (Walgreens Boots Alliance, Inc.)
Exercise Process. The This Option may be exercised by giving written notice to Fidelity Stock Plan ServicesWalgreen Co., LLC Attention: Finance Department, Corporate Offices, 000 Xxxxxx Xxxx, MS 2261, Deerfield, Illinois 60015 (“Fidelity”or such other address as the Company may specify). Alternatively, the Company may designate one or more third party administrator administering parties to administer the Option exercise process or any other third party administrator the Company may engage in the futureand direct you accordingly. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 12 below. Alternatively, the Committee may allow for one or more of the following methods of exercising the this Option:
(a) Payment for shares of Stock as to which the this Option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A “same day sale” transaction pursuant to which a third party (engaged by you your or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Common Stock with a fair market value equal to the Exercise Price exercise price and a number of shares of Common Stock with a fair market value equal to the amount of any Tax-Related Itemstax withholding obligations. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 12 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Exercise Process. The Option This stock option may be exercised by giving written notice to Fidelity Stock Plan ServicesWalgreen Co., LLC Attention: Finance Department, Corporate Offices, 200 Wxxxxx Road, MS 2261, Dxxxxxxxx, Xxxxxxxx 00000 (“Fidelity”or such other address as may be specified by the Company to the Optionee). Alternatively, the third party administrator administering the Option exercise process or any other third party administrator the Company may engage in designate one or more third parties to administer the futurestock option exercise process and direct the Optionee accordingly. The exercise Such notice (a) shall be signed by you the Optionee or (in the event of your his or her death) your the Optionee’s legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Option Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 13 below. Alternatively, the Committee Company may allow for one or more of the following methods of exercising the Optionstock options:
(a) a. Payment for shares of Stock as to which the Option this stock option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already ownowned by the Optionee, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option stock option equal to, but not exceeding, the Exercise Option Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A b. The Company may also allow for “same day sale” transaction transactions pursuant to which a third party (engaged by you the Company or the CompanyOptionee) loans funds to you the Optionee to enable you the Optionee to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares on behalf of Stock on your behalf the Optionee to enable you the Optionee to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered issued by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Stock with a fair market value equal to the Exercise Price and the amount of any Tax-Related ItemsOptionee. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 below, the Company shall cause to be issued and delivered to you (the Optionee or in the event of your his or her death to your the Optionee’s legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Stock Option Agreement (Walgreen Co)
Exercise Process. The An Option may be exercised by giving written notice to Fidelity Stock ElectroMedical Technologies, Inc., Attention: Plan ServicesAdministrator, LLC 16561 N g2™4 Xxxxxx, Xxxxx 000, Xxxxxxxxxx, XX 00000 (“Fidelity”or such other address as the Company may specify). Alternatively, the Company may designate one or more third party administrator administering parties to administer the Option exercise process or any other third party administrator the Company may engage in the futureand direct you accordingly. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 8 below. Alternatively, the Committee Administrator may allow for one or more of the following methods of exercising the an Option:
(a) Payment for shares of Stock as to which the an Option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A “same day sale” transaction pursuant to which a third party (engaged by you your or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Common Stock with a fair market value Fair Market Value equal to the Exercise Price exercise price and a number of shares of Common Stock with a Fair Market Value equal to the amount of any Tax-Related Itemstax withholding obligations. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 8 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Stock Purchase Agreement (Electromedical Technologies, Inc)
Exercise Process. The Option This stock option may be exercised by giving written notice to Fidelity Stock Plan ServicesWalgreen Co., LLC Attention: Finance Department, Corporate Offices, 200 Xxxxxx Road, MS 2261, Xxxxxxxxx, Xxxxxxxx 00000 (“Fidelity”or such other address as may be specified by the Company to the Optionee). Alternatively, the third party administrator administering the Option exercise process or any other third party administrator the Company may engage in designate one or more third parties to administer the futurestock option exercise process and direct the Optionee accordingly. The exercise Such notice (a) shall be signed by you the Optionee or (in the event of your his death) your the Optionee’s legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Option Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 12 below. Alternatively, the Committee Company may allow for one or more of the following methods of exercising the Optionstock options:
(a) a. Payment for shares of Stock as to which the Option this stock option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already ownowned by the Optionee, or any combination of such shares of Stock and cash, having a fair market value determined at the time close of business on the date of stock option exercise of the Option equal to, but not exceeding, the Exercise Option Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A b. The Company may also allow for “same day sale” transaction transactions pursuant to which a third party (engaged by you the Company or the CompanyOptionee) loans funds to you the Optionee to enable you the Optionee to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares on behalf of Stock on your behalf the Optionee to enable you the Optionee to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered issued by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Stock with a fair market value equal to the Exercise Price and the amount of any Tax-Related ItemsOptionee. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 below, the Company shall cause to be issued and delivered to you (the Optionee or in the event of your his death to your the Optionee’s legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Stock Option Agreement (Walgreen Co)
Exercise Process. The Option may be exercised by giving notice to Fidelity Stock Plan Services, LLC (“Fidelity”), the third party administrator administering to administer the Option exercise process or any other third party administrator the Company may engage in the futureprocess. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“"Tax-Related Items”"), as set forth in Section 10 below. Alternatively, the Committee may allow for one or more of the following methods of exercising the Option:
(a) Payment for shares of Stock as to which the Option is being exercised and/or payment of any Tax-Related Items may be made by transfer to the Company of shares of Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A “same day sale” transaction pursuant to which a third party (engaged by you or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Items, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Stock with a fair market value equal to the Exercise Price and a number of shares of Stock with a fair market value equal to the amount of any Tax-Related Items. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Items), subject to Section 13 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Stock Option Award Agreement (Walgreens Boots Alliance, Inc.)
Exercise Process. The This Option may be exercised by giving notice to Fidelity Stock Plan Services, LLC (“Fidelity”), the third party administrator administering to administer the Option exercise process or any other third party administrator the Company may engage in the futureprocess. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“"Tax-Related Items”"), as set forth in Section 10 below. Alternatively, the Committee may allow for one or more of the following methods of exercising the this Option:
: (a) Payment for shares of Stock as to which the this Option is being exercised and/or payment of any Tax-Related Items may be made by transfer to the Company of shares of Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
. (b) A “same day sale” transaction pursuant to which a third party (engaged by you or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Items, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
. (c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Stock with a fair market value equal to the Exercise Price and a number of shares of Stock with a fair market value equal to the amount of any Tax-Related Items. Items As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Items), subject to Section 13 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this the Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Stock Option Award Agreement
Exercise Process. The This Option may be exercised by giving notice to Fidelity Stock Plan Services, LLC (“Fidelity”), the third party administrator administering to administer the Option exercise process or any other third party administrator the Company may engage in the futureprocess. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”), as set forth in Section 10 below. Alternatively, the Committee may allow for one or more of the following methods of exercising the this Option:
(a) Payment for shares of Stock as to which the this Option is being exercised and/or payment of any Tax-Related Items may be made by transfer to the Company of shares of Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A “same day sale” transaction pursuant to which a third party (engaged by you or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Items, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Stock with a fair market value equal to the Exercise Price and a number of shares of Stock with a fair market value equal to the amount of any Tax-Related Items. Items As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Items), subject to Section 13 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this the Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Stock Option Award Agreement (Walgreens Boots Alliance, Inc.)
Exercise Process. The An Option may be exercised by giving written notice to Fidelity Stock ElectroMedical Technologies, Inc., Attention: Plan ServicesAdministrator, LLC 10000 X xxxx Xxxxxx, Xxxxx 000, Xxxxxxxxxx, XX 00000 (“Fidelity”or such other address as the Company may specify). Alternatively, the Company may designate one or more third party administrator administering parties to administer the Option exercise process or any other third party administrator the Company may engage in the futureand direct you accordingly. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 8 below. Alternatively, the Committee Administrator may allow for one or more of the following methods of exercising the an Option:
(a) Payment for shares of Stock as to which the an Option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A “same day sale” transaction pursuant to which a third party (engaged by you your or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Common Stock with a fair market value Fair Market Value equal to the Exercise Price exercise price and a number of shares of Common Stock with a Fair Market Value equal to the amount of any Tax-Related Itemstax withholding obligations. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 8 below, the Company shall cause to Page 3 of 6 be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Stock Purchase Agreement (Electromedical Technologies, Inc)
Exercise Process. The An Option may be exercised by giving written notice to Fidelity Stock ElectroMedical Technologies, Inc., Attention: Plan ServicesAdministrator, LLC 10000 X 00” Xxxxxx, Xxxxx 000, Xxxxxxxxxx, XX 00000 (“Fidelity”or such other address as the Company may specify). Alternatively, the Company may designate one or more third party administrator administering parties to administer the Option exercise process or any other third party administrator the Company may engage in the futureand direct you accordingly. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 8 below. Alternatively, the Committee Administrator may allow for one or more of the following methods of exercising the an Option:
(a) Payment for shares of Stock as to which the an Option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A “same day sale” transaction pursuant to which a third party (engaged by you your or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Common Stock with a fair market value Fair Market Value equal to the Exercise Price exercise price and a number of shares of Common Stock with a Fair Market Value equal to the amount of any Tax-Related Itemstax withholding obligations. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 8 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Employee Stock Option Agreement (Electromedical Technologies, Inc)
Exercise Process. The This Option may be exercised by giving notice to Fidelity Stock Plan Services, LLC (“Fidelity”), the third party administrator administering to administer the Option exercise process or any other third party administrator the Company may engage in the futureprocess. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 12 below. Alternatively, the Committee may allow for one or more of the following methods of exercising the this Option:
(a) Payment for shares of Stock as to which the this Option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A “same day sale” transaction pursuant to which a third party (engaged by you your or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Common Stock with a fair market value equal to the Exercise Price exercise price and a number of shares of Common Stock with a fair market value equal to the amount of any Tax-Related Itemstax withholding obligations. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Exercise Process. The An Option may be exercised by giving written notice to Fidelity Stock ElectroMedical Technologies, Inc., Attention: Plan ServicesAdministrator, LLC 16561 N g2™4 Xxxxxx, Xxxxx 000, Xxxxxxxxxx, XX 00000 (“Fidelity”or such other address as the Company may specify). Alternatively, the Company may designate one or more third party administrator administering parties to administer the Option exercise process or any other third party administrator the Company may engage in the futureand direct you accordingly. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 8 below. Alternatively, the Committee Administrator may allow for one or more of the following methods of exercising the an Option:
(a) Payment for shares of Stock as to which the an Option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A “same day sale” transaction pursuant to which a third party (engaged by you your or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Common Stock with a fair market value Fair Market Value equal to the Exercise Price exercise price and a number of shares of Common Stock with a Fair Market Value equal to the amount of any Tax-Related Itemstax withholding obligations. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 8 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Stock Purchase Agreement (Electromedical Technologies, Inc)
Exercise Process. The Option This stock option may be exercised by giving written notice to Fidelity Stock Plan ServicesWalgreen Co., LLC Attention: Finance Department, Corporate Offices, 000 Xxxxxx Xxxx, MS 2261, Deerfield, Illinois 60015 (“Fidelity”or such other address as may be specified by the Company to the Optionee). Alternatively, the third party administrator administering the Option exercise process or any other third party administrator the Company may engage in designate one or more third parties to administer the futurestock option exercise process and direct the Optionee accordingly. The exercise Such notice (a) shall be signed by you the Optionee or (in the event of your his or her death) your the Optionee’s legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Option Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 12 below. Alternatively, the Committee Company may allow for one or more of the following methods of exercising the Optionstock options:
(a) a. Payment for shares of Stock as to which the Option this stock option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already ownowned by the Optionee, or any combination of such shares of Stock and cash, having a fair market value determined at the time close of business on the date of stock option exercise of the Option equal to, but not exceeding, the Exercise Option Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A b. The Company may also allow for “same day sale” transaction transactions pursuant to which a third party (engaged by you the Company or the CompanyOptionee) loans funds to you the Optionee to enable you the Optionee to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares on behalf of Stock on your behalf the Optionee to enable you the Optionee to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered issued by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Stock with a fair market value equal to the Exercise Price and the amount of any Tax-Related ItemsOptionee. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 below, the Company shall cause to be issued and delivered to you (the Optionee or in the event of your his or her death to your the Optionee’s legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Stock Option Agreement (Walgreen Co)
Exercise Process. The Option This stock option may be exercised by giving written notice to Fidelity Stock Plan ServicesWalgreen Co., LLC Attention: Finance Department, Corporate Offices, 000 Xxxxxx Xxxx, MS 2261, Deerfield, Illinois 60015 (“Fidelity”or such other address as may be specified by the Company to the Optionee). Alternatively, the third party administrator administering the Option exercise process or any other third party administrator the Company may engage in designate one or more third parties to administer the futurestock option exercise process and direct the Optionee accordingly. The exercise Such notice (a) shall be signed by you the Optionee or (in the event of your his or her death) your the Optionee’s legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Option Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 13 below. Alternatively, the Committee Company may allow for one or more of the following methods of exercising the Optionstock options:
(a) a. Payment for shares of Stock as to which the Option this stock option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already ownowned by the Optionee, or any combination of such shares of Stock and cash, having a fair market value determined at the time close of business on the date of stock option exercise of the Option equal to, but not exceeding, the Exercise Option Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A b. The Company may also allow for “same day sale” transaction transactions pursuant to which a third party (engaged by you the Company or the CompanyOptionee) loans funds to you the Optionee to enable you the Optionee to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares on behalf of Stock on your behalf the Optionee to enable you the Optionee to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered issued by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Stock with a fair market value equal to the Exercise Price and the amount of any Tax-Related ItemsOptionee. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 below, the Company shall cause to be issued and delivered to you (the Optionee or in the event of your his or her death to your the Optionee’s legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Stock Option Agreement (Walgreen Co)
Exercise Process. The An Option may be exercised by giving written notice to Fidelity Stock ElectroMedical Technologies, Inc., Attention: Plan ServicesAdministrator, LLC 10000 X 00" Xxxxxx, Xxxxx 000, Xxxxxxxxxx, XX 00000 (“Fidelity”or such other address as the Company may specify). Alternatively, the Company may designate one or more third party administrator administering parties to administer the Option exercise process or any other third party administrator the Company may engage in the futureand direct you accordingly. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 8 below. Alternatively, the Committee Administrator may allow for one or more of the following methods of exercising the an Option:
(a) Payment for shares of Stock as to which the an Option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A “same day sale” transaction pursuant to which a third party (engaged by you your or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Common Stock with a fair market value Fair Market Value equal to the Exercise Price exercise price and a number of shares of Common Stock with a Fair Market Value equal to the amount of any Tax-Related Itemstax withholding obligations. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 8 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Employee Stock Option Agreement (Electromedical Technologies, Inc)
Exercise Process. The An Option may be exercised by giving written notice to Fidelity Stock ElectroMedical Technologies, Inc., Attention: Plan ServicesAdministrator, LLC 10000 X xxxx Xxxxxx, Xxxxx 000, Xxxxxxxxxx, XX 00000 (“Fidelity”or such other address as the Company may specify). Alternatively, the Company may designate one or more third party administrator administering parties to administer the Option exercise process or any other third party administrator the Company may engage in the futureand direct you accordingly. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 8 below. Alternatively, the Committee Administrator may allow for one or more of the following methods of exercising the an Option:
(a) Payment for shares of Stock as to which the an Option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A “same day sale” transaction pursuant to which a third party (engaged by you your or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Common Stock with a fair market value Fair Market Value equal to the Exercise Price exercise price and a number of shares of Common Stock with a Fair Market Value equal to the amount of any Tax-Related Itemstax withholding obligations. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 8 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Stock Purchase Agreement (Electromedical Technologies, Inc)
Exercise Process. The An Option may be exercised by giving written notice to Fidelity Stock XTI Aircraft Company, Attention: Plan ServicesAdministrator, LLC [***] (“Fidelity”or such other address as the Company may specify). Alternatively, the Company may designate one or more third party administrator administering parties to administer the Option exercise process or any other third party administrator the Company may engage in the futureand direct you accordingly. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 8 below. Alternatively, the Committee Administrator may allow for one or more of the following methods of exercising the an Option:
(a) a. Payment for shares of Stock as to which the an Option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) b. A “same day sale” transaction pursuant to which a third party (engaged by you your or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
(c) c. A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Common Stock with a fair market value Fair Market Value equal to the Exercise Price exercise price and a number of shares of Common Stock with a Fair Market Value equal to the amount of any Tax-Related Itemstax withholding obligations. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 8 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Exercise Process. The Option may be exercised by giving notice to Fidelity Stock Plan Services, LLC (“Fidelity”), the third party administrator administering to administer the Option exercise process or any other third party administrator the Company may engage in the futureprocess. The exercise notice (a) shall be signed by you or (in the event of your death) your legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“"Tax-Related Items”"), as set forth in Section 10 below. Alternatively, the Committee may allow for one or more of the following methods of exercising the Option:
: (a) Payment for shares of Stock as to which the Option is being exercised and/or payment of any Tax-Related Items may be made by transfer to the Company of shares of Stock you already own, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option equal to, but not exceeding, the Exercise Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
. (b) A “same day sale” transaction pursuant to which a third party (engaged by you or the Company) loans funds to you to enable you to purchase the shares of Stock and pay any Tax-Related Items, and then sells a sufficient number of the exercised shares of Stock on your behalf to enable you to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered by the third party to you.
. (c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Stock with a fair market value equal to the Exercise Price and a number of shares of Stock with a fair market value equal to the amount of any Tax-Related Items. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Items), subject to Section 13 below, the Company shall cause to be issued and delivered to you (or in the event of your death to your legal representative, as the case may be), certificates for the shares of Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Stock Option Award Agreement
Exercise Process. The Option This stock option may be exercised by giving written notice to Fidelity Stock Plan ServicesWalgreen Co., LLC Attention: Finance Department, Corporate Offices, 200 Wxxxxx Road, MS 2261, Dxxxxxxxx, Xxxxxxxx 00000 (“Fidelity”or such other address as may be specified by the Company to the Optionee). Alternatively, the third party administrator administering the Option exercise process or any other third party administrator the Company may engage in designate one or more third parties to administer the futurestock option exercise process and direct the Optionee accordingly. The exercise Such notice (a) shall be signed by you the Optionee or (in the event of your his or her death) your the Optionee’s legal representative, (b) shall specify the number of full shares of Stock then elected to be purchased, and (c) shall be accompanied by payment in full of the Exercise Option Price of the shares of Stock to be purchased. Payment may be made in cash or by check payable to the order of the Company, and such payment shall include any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan that are required to be withheld (“Tax-Related Items”)tax withholding obligation, as set forth in Section 10 12 below. Alternatively, the Committee Company may allow for one or more of the following methods of exercising the Optionstock options:
(a) a. Payment for shares of Stock as to which the Option this stock option is being exercised and/or payment of any Tax-Related Items federal, state, local or other tax withholding obligations may be made by transfer to the Company of shares of Common Stock you already ownowned by the Optionee, or any combination of such shares of Stock and cash, having a fair market value determined at the time of exercise of the Option stock option equal to, but not exceeding, the Exercise Option Price and/or any Tax-Related Itemsthe tax withholding obligation, as the case may be.
(b) A b. The Company may also allow for “same day sale” transaction transactions pursuant to which a third party (engaged by you the Company or the CompanyOptionee) loans funds to you the Optionee to enable you the Optionee to purchase the shares of Stock and pay any Tax-Related Itemstax withholding obligations, and then sells a sufficient number of the exercised shares on behalf of Stock on your behalf the Optionee to enable you the Optionee to repay the loan and any fees. The remaining shares of Stock and/or cash are then delivered issued by the third party to you.
(c) A “net exercise” transaction, pursuant to which the Company delivers to you the net number of whole shares of Stock remaining from the portion of the Option being exercised after deduction of a number of shares of Stock with a fair market value equal to the Exercise Price and the amount of any Tax-Related ItemsOptionee. As promptly as practicable after receipt of such notice of exercise and payment (including payment with respect to any Tax-Related Itemstax withholding obligations), subject to Section 13 below, the Company shall cause to be issued and delivered to you (the Optionee or in the event of your his or her death to your the Optionee’s legal representative, as the case may be), certificates for the shares of Common Stock so purchased. Alternatively, such shares of Stock may be issued and held in book entry form. Notwithstanding any provision within this Agreement to the contrary, if you are resident or employed outside of the U.S., the Committee may require that you (or in the event of your death, your legal representative, as the case may be) exercise the Option in a method other than as specified above, may require you to exercise the Option only by means of a “same day sale” transaction (either a “sell-all” transaction or a “sell-to-cover” transaction) as it shall determine in its sole discretion, or may require you to sell any shares of Stock you acquire under the Plan immediately or within a specified period following your Termination of Service (in which case, you hereby agree that the Company shall have the authority to issue sale instructions in relation to such shares of Stock on your behalf).
Appears in 1 contract
Samples: Stock Option Agreement (Walgreen Co)