Manner of Exercise of Options Sample Clauses

Manner of Exercise of Options. 5.1 Subject to Clause 4.2, the Grantee may exercise one or more of the Options in whole, but not in part, during the Exercise Period in accordance with the following procedure:
AutoNDA by SimpleDocs
Manner of Exercise of Options. 3.1. Subject to the terms and conditions of this Agreement and to the extent permitted under the PRC Law, the WFOE shall have the sole discretion in deciding the schedule, manner and times of its Exercise.
Manner of Exercise of Options. Any Option or any part thereof shall be exercised by Executive, his Permitted Transferee or, if after his death, a Beneficiary by a written notice to the Company stating the number of shares of Common Stock with respect to which the Option is being exercised and the form of payment of the exercise price of the Option and any related Withholding Taxes. Such payment may be made in any one or more of the following forms:
Manner of Exercise of Options. 3.1 To the extent that the Option has vested pursuant to schedule 1, the Option shall be exercisable on the dates specified in schedule 1 (in whole or in part) by the Executive, or as the case may be his personal representatives, giving prior notice in writing to the Company specifying the number of Shares in respect of which (s)he wishes to exercise the Option accompanied by the appropriate payment of the total Exercise Price (save to the extent that the Executive has made other arrangements for the payment of the total Exercise Price which are satisfactory to the Company) and, if required by the Company, the Tax Liability due under Clause 3.4.
Manner of Exercise of Options. 3.1 To the extent that the Option has become exercisable pursuant to this agreement, the Option may be exercised (in whole or in part) by the Executive, or as the case may be his personal representatives, giving prior notice in writing to the Company specifying the number of Shares in respect of which he wishes to exercise the Option accompanied by:
Manner of Exercise of Options. The options or rights to purchase common stock described in Paragraph 6.1 above (collectively, the "Option") may be exercised in whole at any time, or in part from time to time, during the period commencing on the date of issuance ("Base Date") and expiring on the date of expiration ("Expiration Date") or, if any such day is a day on which banking institutions in the City of New York, New York are authorized by law to close, then on the next succeeding day that shall not be such a day, by presentation and surrender of Options to QUINTEK at its principal office, or at the office of its stock transfer agent, if any, with QUINTEK's Option Exercise Form duly executed and accompanied by payment (either in cash or by certified or official bank check, payable to the order of QUINTEK) of the Exercise Price for the number of shares specified in such Form and instruments of transfer, if appropriate, duly executed by the Holder or its duly authorized attorney.
Manner of Exercise of Options. To exercise the options granted herein, the Optionee shall give written notice to the Corporation at its principal executive office, to the attention of the President of the Corporation accompanied by payment of the exercise price and by such other documents as the Board of Directors of the Corporation (the "Board") may request. The date the Corporation receives written notice of an exercise hereunder accompanied by payment of the exercise price and all such other documents as may be reasonably required by the Corporation will be considered the date the option was exercised. Promptly after receipt of written notice of exercise of an option, the Corporation shall, without stock issue or transfer taxes to the Optionee or any other person entitled to exercise the option, deliver to the Optionee or such other person a certificate or certificates for the requisite number of Option Shares. An Optionee or transferee of an option hereunder shall not have any privileges as a stockholder in the Corporation with respect to any stock covered by this option until the date of issuance of a stock certificate for such shares.
AutoNDA by SimpleDocs
Manner of Exercise of Options. To exercise the Options granted herein, Optionee shall give written notice to the Corporation at its principal executive office, to the attention of the Secretary of the Corporation, accompanied by a proper notice of exercise setting forth the number of Option Shares with respect to which the Option is to be exercised, and by payment of the Exercise Price in one of the methods permitted by Section 9. Optionee further agrees that in connection with any exercise of all or part of this Option, Optionee shall deliver to the Corporation such sum, if any, as the Corporation deems necessary to satisfy any withholding and other tax obligations resulting from such exercise. Optionee may elect to surrender to the Corporation shares of common stock already owned by Optionee or shares that would otherwise have been acquired upon exercise to fulfill any tax withholding obligation. The date on which the Corporation receives written notice of an exercise hereunder accompanied by payment of the Exercise Price will be considered the date this Option was exercised. Promptly, and in no event more than five business days after receipt of written notice of exercise of all or part of this Option, the Corporation shall deliver to Optionee or such other person a certificate or certificates for the requisite number of Option Shares. Optionee or a permitted transferee of this Option hereunder shall not have any privileges as a stockholder of the Corporation with respect to any stock covered by this Option until the date of issuance of a stock certificate for such Option Shares. Notwithstanding the foregoing, whenever there is a potential that a Change in Control may occur, the Corporation shall assist and cooperate with the Optionee so that the Optionee is permitted, provided he takes the requisite actions that are within his control, to exercise this Option conditionally and satisfy all other requirements which must be met for the Optionee to preserve his rights to participate in the sale, and to ensure that the Optionee (a) fully participates in the sale if the Change in Control occurs and (b) will not be deemed to have exercised this Option if the Change in Control does not occur.
Manner of Exercise of Options. Options shall be exercised in accordance with the applicable Incentive Stock Option Agreements and the Plan.
Manner of Exercise of Options. Options must be exercised in the manner provided in Section 6(e) of the Plan. Appropriate forms for exercise of Options may be obtained from the Senior Vice President of Human Resources of Alfa.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!