Limitation on Payment by Shares. Notwithstanding Section 6(b) hereof, the Option may not be exercised through payment of any portion of the Exercise Price with Shares if, in the opinion of the Board, payment in such manner could have adverse financial accounting consequences for the Company that were not applicable at the time of the Date of Grant.
Appears in 8 contracts
Samples: Employee Incentive Stock Option Agreement (KonaTel, Inc.), Director/Officer Incentive Stock Option Agreement (KonaTel, Inc.), Employee Incentive Stock Option Agreement (KonaTel, Inc.)
