Common use of Exercise Restriction Clause in Contracts

Exercise Restriction. Notwithstanding anything to the contrary in the Award Agreement, due to legal restrictions in India, the Awardee will not be permitted to pay the Option price by the cashless sell-to-cover method of exercise such that a certain number of shares of Common Stock subject to the exercised Option are sold immediately upon exercise and the proceeds of the sale remitted to the Company to cover the aggregate Option price, any Tax-Related Items and any broker’s fees or commissions and following the procedures established by the External Administrator. The Company reserves the right to provide the Awardee with this method of payment depending on the development of local law.

Exercise Restriction. Notwithstanding anything to the contrary in the Plan or Award Agreement, due to legal restrictions in India, the Awardee will not be permitted to pay the Option price by the cashless "sell-to-cover cover" method of exercise such that a certain number of shares of Common Stock (i.e., where Shares subject to the exercised Option are will be sold immediately upon exercise and the proceeds of the sale will be remitted to the Company to cover the aggregate Option price, purchase price for the purchased shares and any Tax-Related Items and any broker’s fees or commissions and following the procedures established by the External AdministratorFringe Benefit Tax withholding). The Company reserves the right to provide the Awardee with permit this method of payment depending on the development of local law.

Exercise Restriction. Notwithstanding anything to the contrary in the Plan or Award Agreement, due to legal restrictions in India, the Awardee will not be permitted to pay the Option price by the cashless “sell-to-cover cover” method of exercise such that a certain number of shares of Common Stock (i.e., where Shares subject to the exercised Option are will be sold immediately upon exercise and the proceeds of the sale will be remitted to the Company to cover the aggregate Option price, purchase price for the purchased shares and any Tax-Related Items and any broker’s fees or commissions and following the procedures established by the External AdministratorFringe Benefit Tax withholding). The Company reserves the right to provide the Awardee with permit this method of payment depending on the development of local law.