Common use of Exercise/Sale Clause in Contracts

Exercise/Sale. If Stock is publicly traded, all or part of the Purchase Price and any withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or part of the sales proceeds to the Company.

Appears in 11 contracts

Sources: Stock Option Agreement (Siebel Systems Inc), Stock Option Agreement (Selectica Inc), Stock Option Agreement (Trega Biosciences Inc)

Exercise/Sale. If Stock is Shares are publicly traded, all or part of the Purchase Price and any withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or part of the sales proceeds to the Company.

Appears in 4 contracts

Sources: Stock Option Agreement (Green Thumb Industries Inc.), Stock Option Agreement (Green Thumb Industries Inc.), Employment Agreement (Midway Gold Corp)

Exercise/Sale. If Stock is publicly traded, all or part of the Purchase Price and any withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or part of the sales proceeds to the Company.)

Appears in 1 contract

Sources: Stock Option Agreement (I2 Technologies Inc)

Exercise/Sale. If the Stock is publicly traded, all or part of the Purchase Exercise Price and any withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or part of the sales proceeds to the Company.

Appears in 1 contract

Sources: Merger Agreement (Eon Communications Corp)