Exercising the Option. The Optionee may incur regular federal income tax liability upon exercise of a Nonstatutory Stock Option (an “NSO”). The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If the Optionee is an Employee or a former Employee, the Company will be required to withhold from his or her compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.
Exercising the Option. During the period until the date of expiration, Options may be exercised only once each quarter and prior to 1 February, 1 May, 1 August and 1 November. Purchase requests must be submitted in writing to the CEO of the Company and must clearly specify the number of Option Shares the Option Holder seeks to purchase. The Option Holder must immediately, and by the above-mentioned purchase deadlines, pay a sum corresponding to the number of Option Shares multiplied by the Exercise Price. This sum must be deposited in the bank account designated by the Company. If payment for the exercised Option Shares is not received by the requisite deadline, the purchase request is considered invalid and the Option Holder must submit a new request at a later date in accordance with the timeframes specified in this Agreement. Shareholder rights are effective from the time when the shares are issued, and the Option holder is entered into the shareholders’ register of the Company as owner of the shares. The shares may, at the Company’s sole discretion, be (a) issued to the Option Holder through a share capital increase resolved by the general meeting, (b) issued to the Option holder through a share capital increase resolved by the board of directors pursuant to a power of attorney granted by the general meeting, (c) transferred to the Option Holder through a sale of own shares (treasury shares) held by the Company at the time, or (d) transferred to the Option Holder through a sale of shares from a third party designated by the Company. The issuance or transfer of the shares shall take place within reasonable time and in any event within six months after the date when the Options are exercised. The Option Holder acknowledge that neither the Company nor any of its directors or employees shall be responsible for any losses incurred by the Option Holder in the event that the general meeting does not resolve the required share capital increase or grant the board of directors and adequate power of attorney, nor shall the Company have any obligations to obtain such shares from other sources in order to satisfy the Options.
Exercising the Option. This Option may be exercised only by the Optionee or his or her permitted transferees and only by the methods set forth herein. Subject to the terms and conditions of the Plan, the Optionee may exercise all or any portion of the Option by giving notice of exercise to the Company or its designee in the manner specified from time to time by the Company, accompanied by payment or instructions for payment in full of the Option Exercise Price for the shares being purchased together with any amount which the Company may withhold upon such exercise for applicable foreign, federal (including FICA), state and local taxes. Each such notice shall specify the number of shares of Common Stock to be purchased, the Option Exercise Price, the grant date, and such other matters as required by the Committee.
Exercising the Option. The Optionee may incur regular federal income tax liability upon exercise of the Option. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the exercised shares on the date of exercise over their aggregate Exercise Price. If the Optionee is an Employee or a former Employee, the Company will be required to withhold from his or her compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.
Exercising the Option. Employees wishing to exercise this option may do so by submitting a completed Discretionary Benefit Option form to the Human Resources Department. Employees may change the discretionary benefit option once each year during the open enrollment period for medical plans, or at another time during the year provided the employee can demonstrate to the City’s satisfaction a bona-fide need.
Exercising the Option. Participant acknowledges that, regardless of any action taken by Workday or a Parent or Subsidiary employing or retaining Participant (the “Employer”), the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax related items related to Participant’s participation in the Plan and legally applicable to Participant (“Tax-Related Items”) is and remains Participant’s responsibility and may exceed the amount actually withheld by Workday or the Employer. Participant further acknowledges that Workday and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of this Option, including, but not limited to, the grant, vesting or exercise of this Option, the subsequent sale of Shares acquired pursuant to such exercise and the receipt of any dividends; and (ii) do not commit to and are under no obligation to structure the terms of the grant or any aspect of this Option to reduce or eliminate Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if Participant is subject to Tax-Related Items in more than one jurisdiction between the Date of Grant and the date of any relevant taxable or tax withholding event, as applicable, Participant acknowledges that Workday and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. Prior to the relevant taxable or tax withholding event, as applicable, Participant agrees to make adequate arrangements satisfactory to Workday and/or the Employer to satisfy all Tax-Related Items. In this regard, Participant authorizes Workday and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following:
(i) withholding from Participant’s wages or other cash compensation paid to Participant by Workday and/or the Employer; or
(ii) withholding from proceeds of the sale of Shares acquired at exercise of this Option either through a voluntary sale or through a mandatory sale arranged by Workday (on Participant’s behalf pursuant to this authorization) without further consent; or
(iii) withholding in Shares to be issued upon exercise of the Option, provided Workday only withholds from the amount of Shares necessary to satisfy the minimum statutory withholding amount; or
(iv)...
Exercising the Option. The Optionee may incur regular federal income tax liability upon exercise of a Nonstatutory Stock Option (an “NSO”). The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate
Exercising the Option. The Optionee may incur regular federal income tax liability upon exercise of the Option. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If the Optionee is an Employee or a former Employee, the Company has certain withholding obligations as described in Section 11 of this Agreement.
Exercising the Option. This Option may be exercised for the number of Shares specified by giving notice to the Company's selected stock option broker (the broker). The notice should refer to this Option (by the date of grant), and the notice should include the following information:
1. The number of shares of Common Stock for which the Option is being exercised.
2. The name or names of the persons in whose names the stock certificate for the Shares should be registered.
3. The address to which the stock certificate should be sent. In addition to your notice, you must indicate the method by which you will pay the exercise price. Payment of the exercise price may be made:
1. In cash;
2. By exchanging shares of Common Stock owned by the Optionee (which are not the subject of any pledge or other security interest);
3. Through an arrangement with a broker approved by the Company whereby payment of the exercise price is accomplished with the proceeds of the sale of Common Stock; or
4. By any combination of the foregoing. The combined value of all cash paid and the Fair Market Value of any such Common Stock so tendered to the Company, valued as of the date of such tender, must be at least equal to such Option Exercise Price required to be paid for the Shares being exercised. If payment is to be made in whole or part as cash, you must include a check payable to the broker.
Exercising the Option. You will not be allowed to exercise this Option unless you make arrangements acceptable to the Company to pay any withholding taxes that may be due as a result of the Option exercise.
