Exercise/Sale. All or part of the Option 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. However, payment pursuant to this Section 5(c) shall be permitted only if (i) Common Stock then is publicly traded and (ii) such payment does not violate applicable law.
Appears in 7 contracts
Sources: Stock Option Agreement (Promicell, Inc.), Stock Option Agreement (Promicell, Inc.), Stock Option Agreement (Promicell, Inc.)