Common use of Exercise/Sale Clause in Contracts

Exercise/Sale. Payment may be made by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell such Shares and to deliver all or a part of the sales proceeds to the Company in payment of the Exercise Price and any payroll withholding taxes.

Appears in 4 contracts

Samples: Stock Option Agreement (Greater Bay Bancorp), Stock Option Agreement (Greater Bay Bancorp), Stock Option Agreement (Greater Bay Bancorp)

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Exercise/Sale. Payment may be made by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell such Shares and to deliver all or a part of the sales proceeds to the Company in payment of the Exercise Price and any payroll withholding taxes.

Appears in 3 contracts

Samples: Nonstatutory Stock Option Agreement (Greater Bay Bancorp), Nonstatutory Stock Option Agreement (Greater Bay Bancorp), Nonstatutory Stock Option Agreement (Greater Bay Bancorp)

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Exercise/Sale. Payment may be made by the delivery ------------- (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell such Shares and to deliver all or a part of the sales proceeds to the Company in payment of all or part of the Exercise Price and any payroll withholding taxes.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (First Financial Bancorp /Ca/), Nonstatutory Stock Option Agreement (First Financial Bancorp /Ca/)

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