Common use of Manner of Exercise and Payment Clause in Contracts

Manner of Exercise and Payment. Subject to the provisions of Paragraph 3 hereof, the Option may be exercised only by written notice to the Company, served upon the Secretary of the Company at its office at Menasha, Wisconsin, specifying the number of shares in respect to which the Option is being exercised. Subject to the provisions of this Agreement, the notice of exercise must be accompanied by full payment of the option price of the shares being purchased (i) in cash or by certified check or bank draft; (ii) by tendering previously acquired shares of Common Stock (valued at their "fair market value" as determined in the manner provided below); or (iii) by any combination of the means of payment set forth in subparagraphs (i) and (ii). For purposes of this Paragraph 4, the "fair market value" of a share of Common Stock shall be equal to the closing price per share for the Common Stock on the New York Stock Exchange on the trading date next preceding the date of exercise, or, if no trading occurred on the trading date next preceding the exercise date, then the "fair market value" per share of Common Stock shall be determined with reference to the next preceding date on which the Common Stock was traded. For purposes of subparagraphs (ii) and (iii) above, the term "previously acquired shares of Common Stock" shall only include Common Stock owned by the Optionee prior to the exercise of the Option and shall not include shares of Common Stock which are being acquired pursuant to the exercise of the Option. No shares shall be issued until full payment therefor has been made.

Manner of Exercise and Payment. Subject to the provisions of Paragraph 3 hereof, the The Option may be exercised only by written notice to the Company, served upon addressed to the Corporate Secretary of the Company at its office corporate headquarters at Menasha000 Xxxxxxxxxx Xxxx, WisconsinXxxx Xxxx, Xxxxxxx 00000, specifying the number of shares in respect to which the Option is being exercised. Subject to the provisions of this AgreementAgreement and the Plan, the notice of exercise must be accompanied by full payment of the option price Option Price of the shares Shares being purchased (iexcept in the case of a cashless exercise as described below) (a) in cash or by certified check or bank draft; (iib) by tendering previously acquired shares of Common Stock Shares (valued at their "fair market value" as determined in the manner provided below); or (iii) by any combination of the means of payment set forth in subparagraphs (i) and (ii). For purposes of this Paragraph 4, the "fair market value" of a share of Common Stock shall be equal to the closing price per share for the Common Stock on the New York Stock Exchange Fair Market Value on the trading date next preceding the date of exerciseexercise date, or, if no trading occurred on the trading date next preceding the exercise date, then the "fair market value" Fair Market Value per share of Common Stock Share shall be determined with reference to the next preceding date on which the common stock of the Company, $.001 par value (the “Common Stock Stock”) was traded); or (c) by any combination of the means of payment set forth in subsections (a) and (b). For purposes of subparagraphs (iib) and (iiic) above, the term "“previously acquired shares of Common Stock" Shares” shall only include Common Stock Shares owned by the Optionee for at least six months prior to the exercise of the this Option and shall not include shares of Common Stock which Optioned Shares that are being acquired pursuant to the exercise of the this Option. No shares For purposes of this Agreement, the “Fair Market Value” of a Share shall be issued until full payment therefor has been madeequal to the closing sale price per Share, as reported on the Nasdaq National Market, on the Date of Grant. Subject to the establishment by the Committee of a procedure by which to complete a “cashless exercise,” the Participating Employee may exercise this Option pursuant to such “cashless exercise” procedure, as permitted under Federal Reserve Board’s Regulation T, subject to securities law restrictions, or by any other means which the Committee, in its sole discretion, determines to be consistent with the Plan’s purpose and applicable law.

Manner of Exercise and Payment. Subject to the provisions of Paragraph 3 hereof, the Option may be exercised only by written notice to the Company, served upon the Secretary of the Company at its office at Menasha, Wisconsin, specifying the number of shares in respect to which the Option is being exercised. Subject to the provisions of this Agreement, the notice of exercise must be accompanied by full payment of the option price of the shares being purchased (i) in cash or by certified check or bank draft; (ii) by tendering previously acquired shares of Common Stock (valued at their "“fair market value" ” as determined in the manner provided below); or (iii) by any combination of the means of payment set forth in subparagraphs (i) and (ii). For purposes of this Paragraph 4, the "“fair market value" ” of a share of Common Stock shall be equal to the closing price per share for the Common Stock on the New York Stock Exchange on the trading date next preceding the date of exercise, or, if no trading occurred on the trading date next preceding the exercise date, then the "“fair market value" ” per share of Common Stock shall be determined with reference to the next preceding date on which the Common Stock was traded. For purposes of subparagraphs (ii) and (iii) above, the term "“previously acquired shares of Common Stock" ” shall only include Common Stock owned by the Optionee prior to the exercise of the Option and shall not include shares of Common Stock which are being acquired pursuant to the exercise of the Option. No shares shall be issued until full payment therefor has been made.

Manner of Exercise and Payment. Subject to the provisions of Paragraph 3 hereof, the Option may be exercised only by written notice to the Company, served upon the Secretary of the Company at its office at MenashaWest Bend, Wisconsin, specifying the number of shares in respect to which the Option is being exercised. Subject to the provisions of this Agreement, the notice of exercise must be accompanied by full payment of the option price of the shares being purchased (i) in cash or by certified check or bank draft; (ii) by tendering previously acquired shares of Common Stock (valued at their "“fair market value" ” as determined in the manner provided below); or (iii) by any combination of the means of payment set forth in subparagraphs (i) and (ii). For purposes of this Paragraph 4, the "“fair market value" ” of a share of Common Stock shall be equal to the last per share sale price of such Common Stock as reflected on The Nasdaq Stock Market on the trading day next preceding the date of exercise; provided, however, that if the principal market for the shares of Common Stock is then a national securities exchange, the “fair market value” shall be the closing price per share for the Common Stock on the New York principal securities exchange on which the Common Stock Exchange is traded on the trading date next preceding the date of exercise, or, in either case above, if no trading occurred on the trading date next preceding the exercise date, then the "“fair market value" ” per share of Common Stock shall be determined with reference to the next preceding date on which the Common Stock was traded. For purposes of subparagraphs (ii) and (iii) above, the term "“previously acquired shares of Common Stock" ” shall only include Common Stock owned by the Optionee for at least six months prior to the exercise of the Option and shall not in any event include shares of Common Stock which are being acquired pursuant to the exercise of the Option. No shares shall be issued until full payment therefor has been made.

Manner of Exercise and Payment. Subject to the provisions of Paragraph 3 hereof, the Option may be exercised only by written notice to the Company, served upon the Corporate Secretary of the Company at its office at Menasha0000 Xxxxx Xxxxxxxx Xxxx, WisconsinXxxxxxx, Xxxxxxxxx 00000-0000, specifying the number of shares in respect to which the Option is being exercised. Subject to the provisions of this Agreement, the notice of exercise must be accompanied by full payment of the option price of the shares being purchased (i) in cash or by certified check or bank draft; (ii) by tendering previously acquired shares of Common Stock (valued at their "“fair market value" ” as determined in the manner provided below); or (iii) by any combination of the means of payment set forth in subparagraphs (i) and (ii). For purposes of this Paragraph 4, the "“fair market value" ” of a share of Common Stock shall be equal to the closing price per share average of the high and low sales prices for the Common Stock Stock, as reported on the New York Stock Exchange on the trading date next preceding the date of exercise, or, if no trading occurred on the trading date next preceding the exercise date, then the "“fair market value" ” per share of Common Stock shall be determined with reference to the next preceding date on which the Common Stock was traded. For purposes of subparagraphs (ii) and (iii) above, the term "“previously acquired shares of Common Stock" ” shall only include Common Stock owned by the Optionee prior to the exercise of the Option and shall not include shares of Common Stock which are being acquired pursuant to the exercise of the Option. No shares shall be issued until full payment therefor has been made.

Manner of Exercise and Payment. Subject to the provisions of Paragraph 3 hereof, the Option may be exercised only by written notice to the Company, served upon the Secretary of the Company at its office at MenashaBrookfield, Wisconsin, specifying the number of shares in respect to which the Option is being exercised. Subject to the provisions of this Agreement, the notice of exercise must be accompanied by full payment of the option price of the shares being purchased (i) in cash or by certified check or bank draft; (ii) by tendering previously acquired shares of Common Stock (valued at their "fair market value" as determined in the manner provided below); or (iii) by any combination of the means of payment set forth in subparagraphs (i) and (ii). For purposes of this Paragraph 4, the "fair market value" of a share of Common Stock shall be equal to the last per share sale or closing price per share of such Common Stock as reflected on the over-the-counter market (or The Nasdaq Stock Market or such other exchange on which shares of Common Stock are then traded if such market is the principal market for the shares of Common Stock on the New York Stock Exchange Stock) on the trading date day next preceding the date of exercise; provided, orhowever, if no trading occurred on the trading date next preceding the exercise date, then the "fair market value" per share of Common Stock shall be determined with reference to the next preceding date on which the Common Stock was traded. For purposes of subparagraphs (ii) and (iii) above, the term "previously acquired shares of Common Stock" shall only include Common Stock owned by the Optionee prior to the exercise of the Option and shall not include shares of Common Stock which are being acquired pursuant to the exercise of the Option. No shares shall be issued until full payment therefor has been made.

Manner of Exercise and Payment. Subject to the provisions of Paragraph 3 hereof, the Option may be exercised only by written notice to the Company, served upon the Secretary of the Company at its office at MenashaWest Bend, Wisconsin, specifying the number of shares in respect to which the Option is being exercised. Subject to the provisions of this Agreement, the notice of exercise must be accompanied by full payment of the option price of the shares being purchased (i) in cash or by certified check or bank draft; (ii) by tendering previously acquired shares of Common Stock (valued at their "fair market value" as determined in the manner provided below); or (iii) by any combination of the means of payment set forth in subparagraphs (i) and (ii). For purposes of this Paragraph 4, the "fair market value" of a share of Common Stock shall be equal to the last per share sale price of such Common Stock as reflected on The Nasdaq Stock Market on the trading day next preceding the date of exercise; provided, however, that if the principal market for the shares of Common Stock is then a national securities exchange, the "fair market value" shall be the closing price per share for the Common Stock on the New York principal securities exchange on which the Common Stock Exchange is traded on the trading date next preceding the date of exercise, or, in either case above, if no trading occurred on the trading date next preceding the exercise date, then the "fair market value" per share of Common Stock shall be determined with reference to the next preceding date on which the Common Stock was traded. For purposes of subparagraphs (ii) and (iii) above, the term "previously acquired shares of Common Stock" shall only include Common Stock owned by the Optionee prior to the exercise of the Option and shall not include shares of Common Stock which are being acquired pursuant to the exercise of the Option. No shares shall be issued until full payment therefor has been made.

Manner of Exercise and Payment. Subject to the provisions of Paragraph 3 hereof, the The Option may be exercised only by written notice to the Company, served upon addressed to the Corporate Secretary of the Company at its office corporate headquarters at Menasha000 Xxxxxxxxxx Xxxxxx, WisconsinSuite 1200, San Francisco, California 94104, specifying the number of shares in respect to which the Option is being exercised. Subject to the provisions of this AgreementAgreement and the Plan, the notice of exercise must be accompanied by full payment of the option price Option Price of the shares Shares being purchased (iexcept in the case of a cashless exercise as described below) (a) in cash or by certified check or bank draft; (iib) by tendering previously acquired shares of Common Stock Shares (valued at their "fair market value" as determined in the manner provided below); or (iii) by any combination of the means of payment set forth in subparagraphs (i) and (ii). For purposes of this Paragraph 4, the "fair market value" of a share of Common Stock shall be equal to the closing price per share for the Common Stock on the New York Stock Exchange Fair Market Value on the trading date next preceding the date of exerciseexercise date, or, if no trading occurred on the trading date next preceding the exercise date, then the "fair market value" Fair Market Value per share of Common Stock shall be determined with reference to the next preceding date on which the Common Stock was traded); or (c) by any combination of the means of payment set forth in subsections (a) and (b). For purposes of subparagraphs (iib) and (iiic) above, the term "“previously acquired shares of Common Stock" Shares” shall only include Common Stock Shares owned by the Optionee for at least six months prior to the exercise of the this Option and shall not include shares of Common Stock which Optioned Shares that are being acquired pursuant to the exercise of this Option. For purposes of this Agreement, the Option“Fair Market Value” of a Share shall be equal to the average closing price per Share, as reported on the Nasdaq National Market, for the five preceding trading days. No shares shall be issued until full payment therefor has been made. Subject to the establishment by the Committee of a procedure by which to complete a “cashless exercise,” the Participating Employee may exercise this Option pursuant to such “cashless exercise” procedure, as permitted under Federal Reserve Board’s Regulation T, subject to securities law restrictions, or by any other means which the Committee, in its sole discretion, determines to be consistent with the Plan’s purpose and applicable law.

Manner of Exercise and Payment. Subject to the provisions of Paragraph 3 hereof, the Option may be exercised only by written notice to the Company, served upon the Secretary of the Company at its office at MenashaWest Bend, Wisconsin, specifying the number of shares in respect to which the Option is being exercised. Subject to the provisions of this Agreement, the notice of exercise must be accompanied by full payment of the option price of the shares being purchased (i) in cash or by certified check or bank draft; (ii) by tendering previously acquired shares of Common Stock (valued at their "fair market value" as determined in the manner provided below); or (iii) by any combination of the means of payment set forth in subparagraphs (i) and (ii). For purposes of this Paragraph 4, the "fair market value" of a share of Common Stock shall be equal to the last per share sale price of such Common Stock as reflected on The Nasdaq Stock Market on the trading day next preceding the date of exercise; provided, however, that if the principal market for the shares of Common Stock is then a national securities exchange, the "fair market value" shall be the closing price per share for the Common Stock on the New York principal securities exchange on which the Common Stock Exchange is traded on the trading date next preceding the date of exercise, or, in either case above, if no trading occurred on the trading date next preceding the exercise date, then the "fair market value" per share of Common Stock shall be determined with reference to the next preceding date on which the Common Stock was traded. For purposes of subparagraphs (ii) and (iii) above, the term "previously acquired shares of Common Stock" shall only include Common Stock owned by the Optionee for at least six months prior to the exercise of the Option and shall not in any event include shares of Common Stock which are being acquired pursuant to the exercise of the Option. No shares shall be issued until full payment therefor has been made.

Manner of Exercise and Payment. Subject to the provisions of Paragraph Paragraphs 3 and 6 hereof, the Option may be exercised only by written notice to the Company, served upon the Secretary of the Company at its office at MenashaSouth Milwaukee, Wisconsin, specifying the number of shares in respect to which the Option is being exercised. Subject to the provisions of this Agreement, the notice of exercise must be accompanied by full payment of the option price of the shares being purchased (ia) in cash or by certified check or bank draft; (iib) by tendering previously acquired shares of Common Stock (valued at their "fair market value" as determined in the manner provided below); or (iiic) by any combination of the means of payment set forth in subparagraphs (ia) and (iib). For purposes of this Paragraph 4, the "fair market value" of a share of Common Stock shall be equal to the last per share sale price of such Common Stock as reflected on the Nasdaq National Market System on the trading day next preceding the date of exercise; provided, however, that if the principal market for the shares of Common Stock is then a national securities exchange, the "fair market value" shall be the closing price per share for the Common Stock on the New York principal securities exchange on which the Common Stock Exchange is traded on the trading date next preceding the date of exercise, or, in either case above, if no trading occurred on the trading date next preceding the exercise date, then the "fair market value" per share of Common Stock shall be determined with reference to the next preceding date on which the Common Stock was traded. For purposes of subparagraphs (iib) and (iiic) above, the term "previously acquired shares of Common Stock" shall only include Common Stock owned by the Optionee prior to the exercise of the Option and shall not include shares of Common Stock which are being acquired pursuant to the exercise of the Option. No shares shall be issued until full payment therefor has been made.

Manner of Exercise and Payment. Subject to the provisions of Paragraph 3 hereof, the Option may be exercised only by written notice to the Company, served upon the Corporate Secretary of the Company at its office at Menasha4902 North Biltmore Lane, WisconsinMaxxxxx, specifying the number of shares Xxxxxxxxx 00000-0000, xxxxxxxxxx xxx xxxxxx xx xhares in respect to which the Option is being exercised. Subject to the provisions of this Agreement, the notice of exercise must be accompanied by full payment of the option price of the shares being purchased (i) in cash or by certified check or bank draft; (ii) by tendering previously acquired shares of Common Stock (valued at their "fair market value" as determined in the manner provided below); or (iii) by any combination of the means of payment set forth in subparagraphs (i) and (ii). For purposes of this Paragraph 4, the "fair market value" of a share of Common Stock shall be equal to the closing price per share average of the high and low sales prices for the Common Stock Stock, as reported on the New York Stock Exchange on the trading date next preceding the date of exercise, or, if no trading occurred on the trading date next preceding the exercise date, then the "fair market value" per share of Common Stock shall be determined with reference to the next preceding date on which the Common Stock was traded. For purposes of subparagraphs (ii) and (iii) above, the term "previously acquired shares of Common Stock" shall only include Common Stock owned by the Optionee prior to the exercise of the Option and shall not include shares of Common Stock which are being acquired pursuant to the exercise of the Option. No shares shall be issued until full payment therefor has been made.