Common use of Manner of Exercise and Payment Clause in Contracts

Manner of Exercise and Payment. You may exercise the Options, in whole or in part, to purchase a whole number of vested shares at any time, by following the exercise procedures set up by the Company. All exercises must take place before the Options expire, or such earlier date as is set out in Article 6, following your death, Disability, Retirement or your ceasing to be an employee. The number of shares you may purchase as of any date cannot exceed the total number of shares vested by that date, less any shares you have previously acquired by exercising the Options.