Common use of Exercise/Sale Clause in Contracts

Exercise/Sale. To the extent permitted by the Board in its sole discretion, and if a public market for the Shares exists, payment may be made in whole or in part by 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 sale proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes.

Appears in 10 contracts

Samples: 2014 Stock Incentive Plan (Silvaco Group, Inc.), Stock Plan (Life Spectacular, Inc.), Stock Incentive Plan (FTC Solar, Inc.)

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