Common use of Exercise/Sale Clause in Contracts

Exercise/Sale. To the extent that this Section 6.3 is applicable, 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 Common Shares and to deliver all or part of the sales proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes.

Appears in 2 contracts

Samples: 1997 Stock Incentive Plan (Nanogen Inc), 1998 Long Term Stock Incentive Plan (Zilog Inc)

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Exercise/Sale. To the extent that this Section 6.3 Subsection (c) is applicable, 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 Common Shares and to deliver all or part of the sales proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes.

Appears in 1 contract

Samples: Stock Option Plan (North Bay Bancorp/Ca)

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Exercise/Sale. To the extent that this Section 6.3 Subsection (c) is applicable, 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 Common Shares which have already been owned by the Participant or his or her representative for more than 6 months and to deliver all or part of the sales proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes.

Appears in 1 contract

Samples: Stock Option Plan (Placer Sierra Bancshares)

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