Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value equal to the Exercise Price and all applicable required withholding taxes or (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock shall be settled in cash.
Appears in 5 contracts
Samples: Employee Nonqualified Option Award Agreement (Virtu Financial, Inc.), Employment Agreement (Virtu Financial, Inc.), Employment Agreement (Virtu Financial, Inc.)
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes or (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock resulting from the application of this Section 5 shall be settled in cash.
Appears in 5 contracts
Samples: Employment Agreement (J.Jill, Inc.), Nonqualified Option Award Agreement (Jill Intermediate LLC), Nonqualified Option Award Agreement (J.Jill, Inc.)
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment the Participant has paid in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes or taxes, (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; , or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock resulting from the application of this Section 5 shall be settled in cash.
Appears in 4 contracts
Samples: Nonqualified Option Award Agreement (ADT Inc.), Nonqualified Option Award Agreement (ADT Inc.), Nonqualified Option Award Agreement (ADT Inc.)
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment in full to the Company of the Exercise Price and an amount equal to any U.S. federalFederal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value equal to the Exercise Price and all applicable required withholding taxes or (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock shall be settled in cash.
Appears in 3 contracts
Samples: Employee Nonqualified Option Award Agreement (Intelsat S.A.), Employee Nonqualified Option Award Agreement (Intelsat S.A.), Employee Nonqualified Option Award Agreement (Intelsat S.A.)
Method of Exercise and Form of Payment. (a) No Option Shares shall be delivered pursuant to any exercise of the Option until payment the Participant has paid in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, checkcheck or cash equivalent; or (ii) by such other method as the Committee may permit, cash equivalent and/or in including without limitation: (A) shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); , provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (AB) in other property having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes taxes; or (BC) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock resulting from the application of this Section 5 shall be settled in cash.
(b) By exercising the Option the Participant agrees that the Participant will notify the Company in writing within fifteen (15) days after the date of any disposition of any of the Option Shares acquired upon exercise of the Option that occurs within two (2) years after the date of the Option grant or within one (1) year after such Option Shares are acquired.
Appears in 2 contracts
Samples: Incentive Stock Option Award Agreement (Iovance Biotherapeutics, Inc.), Incentive Stock Option Award Agreement (Iovance Biotherapeutics, Inc.)
Method of Exercise and Form of Payment. No Option Common Shares shall be delivered pursuant to any exercise of the an Option until payment in full to the Company of the Exercise Price therefor is received by the Company and the Participant has paid to the Company an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option Options that have become exercisable may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereofof the Option accompanied by payment of the Exercise Price. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock Shares valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock Shares in lieu of actual delivery of such shares Common Shares to the Company); provided provided, that such shares of Class A Common Stock Shares are not subject to any pledge or other security interestinterest and are Mature Shares and; or (ii) by such other method as the Committee may permitpermit in accordance with applicable law, in its sole discretion, including without limitation: (A) in other property having a fair market value on the date of exercise equal to the Exercise Price and all applicable required withholding taxes or (B) if there is a public market for the shares of Class A Common Stock Shares at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock Shares otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding method whereby the minimum Company withholds from the delivery of the Common Shares for which the Option was exercised that number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed Shares having a Fair Market Value equal to pay the aggregate Exercise Price for the Exercise Price and all applicable required withholding taxesCommon Shares for which the Option was exercised. Any fractional shares of Class A Common Stock Shares shall be settled in cash.
Appears in 2 contracts
Samples: Equity Purchase Agreement (Hicks Acquisition CO II, Inc.), Equity Purchase Agreement (Paperweight Development Corp)
Method of Exercise and Form of Payment. No Option Shares shares of Common Stock shall be delivered issued pursuant to any exercise of the an Option until payment in full to the Company of the Exercise Price therefor is received by the Company and the Participant has paid to the Company an amount equal to any U.S. federal, state, local local, and non-U.S. income income, employment, and employment any other applicable taxes that are statutorily required to be withheldwithheld in accordance with Section 12(d) of the Plan. The Option Options that have become exercisable may be exercised by delivery of written or electronic notice of exercise to the Company (or its designee (including a third party administratortelephonic instructions to the extent provided by the Committee) in accordance with the terms hereofof the Option accompanied by payment of the Exercise Price. The Exercise Price and all applicable required withholding taxes shall be payable payable: (i) in cash, check, cash equivalent equivalent, and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery issuance of such shares to the Company); provided provided, that such shares of Class A Common Stock are not subject to any pledge or other security interestinterest and have been held by the Participant for at least six months (or such other period as established from time to time by the Committee in order to avoid adverse accounting treatment applying GAAP); or (ii) by such other method as the Committee may permitpermit in its sole discretion, including including, without limitation: limitation (A) in other property having a fair market value on the date of exercise equal to the Exercise Price and all applicable required withholding taxes or Price; (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered (including telephonically to the extent permitted by the Committee) a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable issuable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxesPrice; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable issuable in respect of an Option that are needed to pay for the Exercise Price and all any federal, state, local, and non-U.S. income, employment, and any other applicable taxes that are statutorily required withholding taxesto be withheld in accordance with Section 12(d) of the Plan. Any fractional shares share of Class A Common Stock shall be settled in cash.
Appears in 2 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Blade Air Mobility, Inc.), Merger Agreement (Experience Investment Corp.)
Method of Exercise and Form of Payment. (a) No Option Shares shall be delivered pursuant to any exercise of the Option until payment the Participant has paid in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, checkcheck or cash equivalent; or (ii) by such other method as the Committee may permit, cash equivalent and/or in including without limitation: (A) shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); , provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (AB) in other property having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes taxes; or (BC) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock resulting from the application of this Section 5 shall be settled in cash.
Appears in 2 contracts
Samples: Nonqualified Stock Option Award Agreement (Iovance Biotherapeutics, Inc.), Nonqualified Stock Option Award Agreement (Iovance Biotherapeutics, Inc.)
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes or (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock resulting from the application of this Section 5 shall be settled in cash.
Appears in 2 contracts
Samples: Nonqualified Stock Option Award Agreement (Latham Group, Inc.), Nonqualified Stock Option Award Agreement (Latham Group, Inc.)
Method of Exercise and Form of Payment. No Option Common Shares shall be delivered pursuant to any exercise of the an Option until payment in full to the Company of the Exercise Price therefor is received by the Company and the Participant has paid to the Company an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheldwithheld or paid. The Option Options that have become exercisable may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereofof the Option accompanied by payment of the Exercise Price. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock Shares valued at the Fair Market Value fair market value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock Shares in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock Shares are not subject to any pledge or other security interestinterest and are Mature Shares and; or (ii) by such other method as the Committee may permitpermit in accordance with applicable law, in its sole discretion, on a case by case basis, including without limitation: (A) in other property having a fair market value on the date of exercise equal to the Exercise Price and all applicable required withholding taxes or (B) if there is a public market for the shares of Class A Common Stock Shares at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock Shares otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding method whereby the minimum Company withholds from the delivery of the Common Shares for which the Option was exercised that number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed Shares having a fair market value equal to pay the aggregate Exercise Price for the Exercise Price and all applicable required withholding taxesCommon Shares for which the Option was exercised. Any No fractional shares of Class A Common Stock Shares shall be settled issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities or other property shall be paid or transferred in cashlieu of any fractional Common Shares, or whether such fractional Common Shares or any rights thereto shall be canceled, terminated or otherwise eliminated.
Appears in 2 contracts
Samples: Merger Agreement (Arogo Capital Acquisition Corp.), Merger Agreement (Data Knights Acquisition Corp.)
Method of Exercise and Form of Payment. No portion of the Option shall be exercisable unless vested. No Option Shares shall be delivered pursuant to any exercise of the Option until payment the Participant has paid in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permitpermit in its sole discretion, including without limitation: (A) in other property having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes or taxes, (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; , or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock resulting from the application of this Section 4 shall be settled in cash.
Appears in 2 contracts
Samples: Nonqualified Option Award Agreement (Driven Brands Holdings Inc.), Nonqualified Option Award Agreement (Driven Brands Holdings Inc.)
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment in full is made to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld is withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent (including bank or certified check or wire transfer) and/or in shares of Class A Common Stock (or any combination of the foregoing) valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that provided, that, such shares of Class A Common Stock are not subject to any pledge or other security interest; provided further, that, such payment in shares with respect to the exercise any unvested portion of the Option shall require the consent of the Committee; or (ii) by such other method as the Committee may in its sole discretion permit, including without limitation: (A) in other property having a fair market value equal to the Exercise Price and all applicable required withholding taxes or (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxestaxes up to the maximum statutory withholding rate. Any fractional shares of Class A Common Stock shall be settled in cash.
Appears in 1 contract
Samples: Nonqualified Option Award Agreement (vTv Therapeutics Inc.)
Method of Exercise and Form of Payment. No Option Shares Class B Common Units shall be delivered pursuant to any exercise of the an Option until payment in full to the Company of the Exercise Price therefor is received by the Company and the Participant has paid to the Company an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option Options that have become exercisable may be exercised by execution and delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) Exercise Documentation in accordance with the terms hereofof the Option accompanied by payment in full of the Exercise Price. The aggregate Exercise Price and for all applicable required withholding taxes Options being exercised shall be payable (i) in cash, check, or cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permitpermit in accordance with applicable law, in its sole discretion, including without limitation: (A) in other property having a fair market value on the date of exercise equal to the Exercise Price and all applicable required withholding taxes or Price; (B) if there is a public market for the shares of Class A B Common Stock Units at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A B Common Stock Units otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxesPrice; or (C) by means of a “net exercise” procedure effected by withholding method whereby the minimum Company withholds from the delivery of the Class B Common Units for which the Option was exercised that number of shares Class B Common Units having a Fair Market Value equal to the aggregate Exercise Price for the Class B Common Units for which the Option was exercised; or (D) by payment of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxesby delivery to the Company of that number of Class B Common Units having a Fair Market Value equal to the aggregate Exercise Price for the Class B Common Units for which the Option was exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of Class B Common Units in lieu of actual delivery of such units to the Company); provided, that such Class B Common Units are not subject to any pledge or other security interest. No Option may be exercised for a fraction of a Unit. Any fractional shares of Class A B Common Stock Units shall be settled in cash.
Appears in 1 contract
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment in full is made to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld is withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent (including bank or certified check or wire transfer) and/or in shares of Class A Common Stock (or any combination of the foregoing) valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that provided, that, such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value equal to the Exercise Price and all applicable required withholding taxes or (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock shall be settled in cash.
Appears in 1 contract
Samples: Nonqualified Option Award Agreement (vTv Therapeutics Inc.)
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment the Participant has paid in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) (A) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value equal to the Exercise Price and all applicable required withholding taxes interest or (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (Cii) by such other method as the Committee may permit, including without limitation: (A) in other property having a Fair Market Value equal to the Exercise Price and all applicable required withholding taxes or (B) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock resulting from the application of this Section 5 shall be settled in cash.
Appears in 1 contract
Samples: Nonqualified Option Special Equity Award Agreement (ADT Inc.)
Method of Exercise and Form of Payment. No portion of the Option shall be exercisable unless vested. No Option Shares shall be delivered pursuant to any exercise of the Option until payment the Participant has paid in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permitpermit in its sole discretion, including without limitation: (A) in other property (including previously owned shares of Common Stock, provided that such shares are not subject to any pledge or other security interest) having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes or taxes, (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; , or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any In all events of cashless or net exercise, any fractional shares of Class A Common Stock resulting from the application of this Section 4 shall be settled in cash.
Appears in 1 contract
Method of Exercise and Form of Payment. No Option Shares shares of Common Stock shall be delivered pursuant to any exercise of the Option SARs until payment in full to the Company of the Exercise Strike Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option SARs may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Strike Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is SARs are exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value Fair Market Value equal to the Exercise Strike Price and all applicable required withholding taxes or (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option SARs and to deliver promptly to the Company an amount equal to the Exercise Strike Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option the SARs that are needed to pay for the Exercise Strike Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock resulting from the application of this Section 5 shall be settled in cash.
Appears in 1 contract
Samples: Stock Appreciation Right Award Agreement (Latham Group, Inc.)
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes or (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock resulting from the application of this Section 5 shall be settled in cash..
Appears in 1 contract
Samples: Nonqualified Stock Option Award Agreement (Latham Group, Inc.)
Method of Exercise and Form of Payment. No Option Shares Common Stock shall be delivered pursuant to any exercise of the an Option until payment in full to the Company of the Exercise Price therefor is received by the Company and the Participant has paid to the Company an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheldwithheld or paid upon exercise of such Option. The Option Options that have become exercisable may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereofof the Option, accompanied by payment of the Exercise Price. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that Company); provided, that, such shares of Class A Common Stock are not subject to any pledge or other security interestinterest and are Mature Shares; or and (ii) by such other method as the Committee may permitpermit in accordance with Applicable Law, in its sole discretion, including without limitation: (A) in other property having a fair market value Fair Market Value on the date of exercise equal to the Exercise Price and all applicable required withholding taxes or Price, (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; Price, or (C) by means of a “net exercise” procedure effected by withholding method whereby the minimum Company withholds from the delivery of the shares of Common Stock for which the Option was exercised that number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed having a Fair Market Value equal to pay the aggregate Exercise Price for the Exercise Price and all applicable required withholding taxesshares of Common Stock for which the Option was exercised. Any No fractional shares of Class A Common Stock shall be settled issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities or other property shall be paid or transferred in cashlieu of any fractional share of Common Stock, or whether such fractional share of Common Stock or any rights thereto shall be canceled, terminated or otherwise eliminated.
Appears in 1 contract
Method of Exercise and Form of Payment. (a) No Option Shares shall be delivered pursuant to any exercise of the Option until payment the Participant has paid in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, checkcheck or cash equivalent; or (ii) by such other method as the Committee may permit, cash equivalent and/or in including without limitation: (A) shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); , provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (AB) in other property having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes taxes; or (BC) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “"cashless exercise” " pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock resulting from the application of this Section 5 shall be settled in cash.
Appears in 1 contract
Samples: Nonqualified Stock Option Award Agreement (Iovance Biotherapeutics, Inc.)
Method of Exercise and Form of Payment. (a) No Option Shares shall be delivered pursuant to any exercise of the Option until payment the Participant has paid in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, checkcheck or cash equivalent; or (ii) by such other method as the Committee may permit, cash equivalent and/or in including without limitation: (A) shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); , provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (AB) in other property having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes taxes; or (BC) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock shall be settled in cash.Exercise
Appears in 1 contract
Samples: Nonqualified Stock Option Award Agreement (Iovance Biotherapeutics, Inc.)
Method of Exercise and Form of Payment. No Option Common Shares shall be delivered pursuant to any exercise of the an Option until payment in full to the Company of the Exercise Price therefor is received by the Company and the Participant has paid to the Company an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheldwithheld or paid upon exercise of such Option. The Option Options that have become exercisable may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereofof the Option, accompanied by payment of the Exercise Price. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock Shares valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock Shares in lieu of actual delivery of such shares to the Company); Company); provided that such shares of Class A Common Stock Shares are not subject to any pledge or other security interestinterest and are Mature Shares; or and (ii) by such other method as the Committee may permitpermit in accordance with applicable law, in its sole discretion, including without limitation: (A) in other property having a fair market value Fair Market Value on the date of exercise equal to the Exercise Price and all applicable required withholding taxes or Price, (B) if there is a public market for the shares of Class A Common Stock Shares at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock Shares otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; Price, or (C) by means of a “net exercise” procedure effected by withholding method whereby the minimum Company withholds from the delivery of the Common Shares for which the Option was exercised that number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed Shares having a Fair Market Value equal to pay the aggregate Exercise Price for the Exercise Price and all applicable required withholding taxesCommon Shares for which the Option was exercised. Any No fractional shares of Class A Common Stock Shares shall be settled issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities or other property shall be paid or transferred in cashlieu of any fractional Common Shares, or whether such fractional Common Shares or any rights thereto shall be canceled, terminated or otherwise eliminated.
Appears in 1 contract
Samples: Business Combination Agreement (Centricus Acquisition Corp.)
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment in full is made to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld is withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent (including bank or certified check or wire transfer) and/or in shares of Class A Common Stock (or any combination of the foregoing) valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided provided, that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value equal to the Exercise Price and all applicable required withholding taxes or (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock shall be settled in cash.
Appears in 1 contract
Samples: Nonqualified Option Award Agreement (vTv Therapeutics Inc.)
Method of Exercise and Form of Payment. No Option Ordinary Shares shall be delivered pursuant to any exercise of the an Option until payment in full to the Company of the Exercise Price therefor is received by the Company and the Participant has paid to the Company an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheldwithheld or paid. The Option Options that have become exercisable may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereofof the Option accompanied by payment of the Exercise Price. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock Ordinary Shares valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock Ordinary Shares in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock Ordinary Shares are not subject to any pledge or other security interestinterest and are Mature Shares and; or (ii) by such other method as the Committee may permitpermit in accordance with applicable law, in its sole discretion, on a case by case basis, including without limitation: (Aa) in other property having a fair market value Fair Market Value on the date of exercise equal to the Exercise Price and all applicable required withholding taxes or (Bb) if there is a public market for the shares of Class A Common Stock Ordinary Shares at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock Ordinary Shares otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (Cc) by means of a “net exercise” procedure effected by withholding method whereby the minimum Company withholds from the delivery of the Ordinary Shares for which the Option was exercised that number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed Ordinary Shares having a Fair Market Value equal to pay the aggregate Exercise Price for the Exercise Price and all applicable required withholding taxesOrdinary Shares for which the Option was exercised. Any No fractional shares of Class A Common Stock Ordinary Shares shall be settled issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities or other property shall be paid or transferred in cashlieu of any fractional Ordinary Shares, or whether such fractional Ordinary Shares or any rights thereto shall be canceled, terminated, or otherwise eliminated.
Appears in 1 contract
Samples: Business Combination Agreement (PHP Ventures Acquisition Corp.)
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment in full is made to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld is withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent (including bank or certified check or wire transfer) and/or in shares of Class A Common Stock (or any combination of the foregoing) valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that provided, that, such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may in its sole discretion permit, including without limitation: (A) in other property having a fair market value equal to the Exercise Price and all applicable required withholding taxes or (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxestaxes up to the maximum statutory withholding rate. Any fractional shares of Class A Common Stock shall be settled in cash.
Appears in 1 contract
Samples: Nonqualified Option Award Agreement (vTv Therapeutics Inc.)
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment the Participant has paid in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (a) in cash (including via check or wire transfer); or (b) by such other method as the Administrator may permit in its discretion, including without limitation: (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock Shares valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the CommitteeAdministrator, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock Shares in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock Shares are not subject to any pledge or other security interest; or , (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes or taxes, (Biii) if there is a public market for the shares of Class A Common Stock Shares at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker or similar agent to sell the shares of Class A Common Stock Shares otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; , or (Civ) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock Shares otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares Shares resulting from the application of Class A Common Stock this Section 6 shall be settled in cash.
Appears in 1 contract
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment the Participant has paid in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (a) in cash (including via check or wire transfer); or (b) by such other method as the Committee may permit in its discretion, including without limitation: (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or , (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes or taxes, (Biii) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker or similar agent to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; , or (Civ) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock resulting from the application of this Section 6 shall be settled in cash.
Appears in 1 contract
Samples: Stock Option Agreement (Endeavor Group Holdings, Inc.)
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment the Participant has paid in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (ia) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (iib) by such other method as the Committee may permit, including without limitation: (Ai) in other property having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes or taxes, (Bii) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; , or (Ciii) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock resulting from the application of this Section 5 shall be settled in cash.
Appears in 1 contract
Samples: Nonqualified Option Award Agreement (Endeavor Group Holdings, Inc.)
Method of Exercise and Form of Payment. No Option Shares Options that have become exercisable may be exercised by delivery of timely written notice to the Company at its executive offices, addressed to the attention of the Company’s Corporate Secretary. Such notice: (a) shall be delivered pursuant signed by the Participant or his or her legal representative; (b) shall specify the number of Options being exercised and thus the number of full Shares then elected to any exercise of be purchased with respect to the Option until Options; and (c) shall be accompanied by payment in full to the Company of the Exercise Price and of the Shares to be purchased (along with an amount equal to any U.S. federal, state, local local, and non-U.S. income and employment taxes required to be withheld. The Option may be exercised by delivery ) and the Participant’s copy of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereofthis Award Agreement. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permitpermit in its sole discretion, including without limitation: (A) in other property having a fair market value on the date of exercise equal to the Exercise Price and all applicable required withholding taxes or Price, (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; Price, or (C) by means of a “net exercise” procedure effected by withholding method whereby the minimum Company withholds from the delivery of the shares of Common Stock for which the Option was exercised that number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed having a Fair Market Value equal to pay the aggregate Exercise Price for the Exercise Price and all applicable required withholding taxesshares of Common Stock for which the Option was exercised. Any fractional shares of Class A Common Stock shall be settled in cash. The Company shall deliver to the Participant evidence of book entry Shares, or upon the Participant’s request, Share certificates in an appropriate amount based upon the number of shares purchased under the Option. The Company shall maintain a record of all information pertaining to the Participant’s rights under this Award Agreement, including the number of Shares for which the Options are exercisable. If all of the Options granted pursuant to this Award Agreement have been exercised, this Award Agreement shall be returned to the Company and canceled.
Appears in 1 contract
Samples: Nonqualified Stock Option Award Agreement (Federal Signal Corp /De/)
Method of Exercise and Form of Payment. No Option Common Shares shall be delivered pursuant to any exercise of the an Option until payment in full to the Company of the Exercise Price therefor is received by the Company and the Participant has paid to the Company an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheldwithheld or paid upon exercise of such Option. The Option Options that have become exercisable may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereofof the Option, accompanied by payment of the Exercise Price. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock Shares valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock Shares in lieu of actual delivery of such shares to the Company); Company); provided that such shares of Class A Common Stock Shares are not subject to any pledge or other security interestinterest and are Mature Shares; or and (ii) by such other method as the Committee may permitpermit in accordance with Applicable Law, in its sole discretion, including without limitation: (A) in other property having a fair market value Fair Market Value on the date of exercise equal to the Exercise Price and all applicable required withholding taxes or Price, (B) if there is a public market for the shares of Class A Common Stock Shares at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock Shares otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; Price, or (C) by means of a “net exercise” procedure effected by withholding method whereby the minimum Company withholds from the delivery of the Common Shares for which the Option was exercised that number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed Shares having a Fair Market Value equal to pay the aggregate Exercise Price for the Exercise Price and all applicable required withholding taxesCommon Shares for which the Option was exercised. Any No fractional shares of Class A Common Stock Shares shall be settled issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities or other property shall be paid or transferred in cashlieu of any fractional Common Shares, or whether such fractional Common Shares or any rights thereto shall be canceled, terminated or otherwise eliminated.
Appears in 1 contract
Samples: Business Combination Agreement (Ivanhoe Capital Acquisition Corp.)
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment the Participant (i) has paid in full to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheldwithheld and (ii) to the extent that the Participant is not then party to the ADT Inc. Amended and Restated Management Investor Rights Agreement (as amended or restated from time to time, the “MIRA”), the Participant shall deliver to the Company an adoption agreement (i.e., joinder), in form and substance satisfactory to the Company and consistent with the form attached to the MIRA (an “Adoption Agreement”), pursuant to which the Participant agrees to become a party to the MIRA. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party third-party-administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value Fair Market Value equal to the Exercise Price and all applicable required withholding taxes or taxes, (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; , or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock resulting from the application of this Section 4 shall be settled in cash.
Appears in 1 contract
Method of Exercise and Form of Payment. No Option Shares shall be delivered pursuant to any exercise of the Option until payment in full is made to the Company of the Exercise Price and an amount equal to any U.S. federal, state, local and non-U.S. income and employment taxes required to be withheld is withheld. The Option may be exercised by delivery of written or electronic notice of exercise to the Company or its designee (including a third party administrator) in accordance with the terms hereof. The Exercise Price and all applicable required withholding taxes shall be payable (i) in cash, check, cash equivalent and/or in shares of Class A Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Class A Common Stock in lieu of actual delivery of such shares to the Company); provided that such shares of Class A Common Stock are not subject to any pledge or other security interest; or (ii) by such other method as the Committee may permit, including without limitation: (A) in other property having a fair market value equal to the Exercise Price and all applicable required withholding taxes or (B) if there is a public market for the shares of Class A Common Stock at such time, by means of a broker-assisted “cashless exercise” pursuant to which the Company is delivered a copy of irrevocable instructions to a stockbroker to sell the shares of Class A Common Stock otherwise deliverable upon the exercise of the Option and to deliver promptly to the Company an amount equal to the Exercise Price and all applicable required withholding taxes; or (C) by means of a “net exercise” procedure effected by withholding the minimum number of shares of Class A Common Stock otherwise deliverable in respect of an Option that are needed to pay for the Exercise Price and all applicable required withholding taxes. Any fractional shares of Class A Common Stock shall be settled in cash.
Appears in 1 contract
Samples: Employee Nonqualified Option Award Agreement (Wayne Farms, Inc.)