Common use of Method of Exercise and Payment for Shares Clause in Contracts

Method of Exercise and Payment for Shares. This option shall be exercised by written notice directed to the Company at its principal office, specifying the number of shares to be acquired upon such exercise and indicating whether the exercise is being paid for (i) in cash, (ii) in shares of Common Stock already owned 2 by the Optionee and valued at their fair market value on the date of exercise of the option, or (ii) by a combination of (i) and (ii) above.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Hanger Orthopedic Group Inc), Qualified Stock Option Agreement (Hanger Orthopedic Group Inc)

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Method of Exercise and Payment for Shares. This option shall be exercised by written notice directed to the Company or it’s designated representative at its principal office, specifying the number of shares to be acquired upon such exercise and indicating whether the exercise is being paid for (i) in cash, (ii) in shares of Common Stock already owned 2 by the Optionee and valued at their fair market value on the date of exercise of the option, or (iiiii) by a combination of (i) and and/or (ii) above. The xxxxx xxxxx shall be delivered to the Company together with such written notice of exercise by the Optionee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Hanger Orthopedic Group Inc)

Method of Exercise and Payment for Shares. This option Option shall be exercised by written notice directed to the Company at its principal office, specifying the number of shares to be acquired upon such exercise and indicating whether that the exercise is being paid for (i) in cash, (ii) in shares of Common Stock already owned 2 by the Optionee and valued at their fair market value on the date of exercise of the option, cash or (ii) if applicable, by a combination commitment by a broker-dealer to pay to the Company that portion of (i) any sale proceeds receivable by the Optionee upon the exercise of the Option and (ii) abovesale of underlying shares. Full payment for the shares to be purchased on exercise shall accompany the notice.

Appears in 1 contract

Samples: Incentive Stock Option Award Agreement (Photogen Technologies Inc)

Method of Exercise and Payment for Shares. This option shall be exercised by written notice directed to the Company at its principal office, specifying the number of shares to be acquired upon such exercise and indicating whether that the exercise is being paid for (i) in cash, (ii) in shares of Common Stock already owned 2 by the Optionee and valued at their fair market value on the date of exercise of the option, cash or (ii) if applicable, by a combination commitment by a broker-dealer to pay to the Company that portion of (i) any sale proceeds receivable by the Optionee upon the exercise of the option and (ii) abovesale of underlying shares.

Appears in 1 contract

Samples: Award Agreement (Photogen Technologies Inc)

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Method of Exercise and Payment for Shares. This option shall be exercised by written notice directed to the Company or its designated representative at its principal office, specifying the number of shares to be acquired upon such exercise and indicating whether the exercise is being paid for for: (i) in cash, ; (ii) in shares of Common Stock already owned 2 by the Optionee and valued at their fair market value on the date of exercise of the option, ; or (iiiii) by a combination of (i) and and/or (ii) above. The xxxxx xxxxx shall be delivered to the Company together with such written notice of exercise by the Optionee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Hanger Orthopedic Group Inc)

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