Issuance of Shares and Payment of Cash upon Exercise. Upon exercise of the Option, in whole or in part, in accordance with the terms of the Agreement and upon payment of the Exercise Price and any withholding tax obligations for the shares of Stock as to which the Option is exercised, the Company shall issue to Grantee or Grantee's permitted transferee, as the case may be, the number of shares of Stock so paid for, in the form of fully paid and nonassessable Stock.
Appears in 8 contracts
Samples: Employment Agreement (Ace Comm Corp), Employment Agreement (Ace Comm Corp), Employment Agreement (Ace Comm Corp)
Issuance of Shares and Payment of Cash upon Exercise. Upon exercise of the Option, in whole or in part, in accordance with the terms of the Agreement and upon payment of the Exercise Price and any withholding tax obligations for the shares of Stock as to which the Option is exercised, the Company shall issue to Grantee or Grantee's permitted transferee, as the case may be, the number of shares of Stock so paid for, in the form of fully paid and nonassessable Stock.. 3 ARTICLE 4
Appears in 1 contract
Samples: Omnibus Stock Plan Incentive Stock Option Grant Agreement (Ace Comm Corp)
