Method of Exercise of Option and Payment of Purchase Price Sample Clauses

Method of Exercise of Option and Payment of Purchase Price. Each ---------------------------------------------------------- exercise of the Option shall be by means of a written notice of exercise delivered to the Company and specifying the number of whole shares with respect to which the Option is being exercised, together with any written statements required pursuant to Section 9 below and payment of the Price in full in cash or by check payable to the order of the Company; provided that so-called cashless exercises may be permitted in the discretion of the Committee administering the Plan. The delivery of shares pursuant to an exercise of this Option will be conditional upon payment by the Optionee of amounts sufficient to enable the Company to pay all applicable federal, state and local withholding taxes.

Method of Exercise of Option and Payment of Purchase Price. Each exercise of the Option shall be by means of a written notice of exercise delivered to the Company and specifying the number of whole shares with respect to which the Option is being exercised, together with any written statements required pursuant to Section 9 below and payment of the Price in full in cash or by check payable to the order of the Company; provided that so-called cashless exercises may be permitted in the discretion of the Committee administering the Plan. The delivery of shares pursuant to an exercise of this Option will be conditional upon payment by the Optionee of amounts sufficient to enable the Company to pay all applicable federal, state and local withholding taxes.

Method of Exercise of Option and Payment of Purchase Price. Subject to such further limitations and rules or procedures as the Committee may from time to time establish, the exercise of all or any portion of the Option shall be by means of written notice of exercise delivered to the Company, specifying the number of whole shares with respect to which the Option is being exercised, together with any written statements required by Section 6.4 of the Plan (regarding compliance with applicable law) and payment of the purchase price according to the following terms: (a) in cash, electronic funds transfer or by check payable to the order of the Company; (b) by notice and third party payment in such manner as may be authorized by the Committee; (c) subject to the Committee's ability in its absolute discretion to deny such request and upon receipt of all necessary regulatory approvals, the Optionee may request that the Optionee deliver in payment of a portion or all of the purchase price, other already-owned shares of Realty Common Stock (whether obtained through the exercise of Options or otherwise), which shares of Realty Common Stock shall be valued at the then Fair Market Value. The Committee's consent is required prior to the Optionee's use, pursuant to this clause, of Realty Common Stock which he has held less than six months. If the Committee permits delivery of Realty Common Stock to pay the purchase price, the Realty Common Stock held six months or more may be used without consent of the Committee; or (d) subject to the Committee's ability in its absolute discretion to deny such request, the Optionee may request that shares of Realty Common Stock that would otherwise be deliverable with a Fair Market Value equal to the purchase price of the Realty Common Stock being purchased be withheld in payment of the purchase price. (e) The Optionee shall in all cases be required to exercise an option to obtain the same number of unpaired shares of Operating Common Stock as the number of shares of Realty Common Stock obtained through exercise of the Option, and shall be required to pair the shares of Operating Common Stock with the shares or Realty Common Stock.

Method of Exercise of Option and Payment of Purchase Price. Subject to such further limitations and rules or procedures as the Committee may from time to time establish, the exercise of all or any portion of the Option shall be by means of written notice of exercise delivered to the Corporation, specifying the number of whole shares with respect to which the Option is being exercised, together with any written statements required pursuant to Section 6.4 of the Plan (regarding compliance with applicable law) and payment of the purchase price according to the following terms: (a) in cash or by electronic funds transfer; (b) by certified or cashier's check payable to the order of the Corporation; (c) by the delivery of shares of Class A Common Stock of the Corporation already owned by the Optionee, PROVIDED, HOWEVER, that the Committee may in its absolute discretion limit the Optionee's ability to exercise the Option by delivering such shares, and PROVIDED FURTHER that any shares delivered which were initially acquired upon exercise of a stock option must have been owned by the Optionee at least six months as of the date of delivery; or (d) by notice and third party payment in such manner as may be authorized by the Committee.

Method of Exercise of Option and Payment of Purchase Price. Each exercise of the Option shall be by means of a written notice of exercise delivered to the Company and specifying the number of whole shares with respect to which the Option is being exercised, together with any written statements required pursuant to Section 9 below and payment of the Price in full in cash or by check payable to the order of the Company. The delivery of shares pursuant to an exercise of this Option will be conditional upon payment by the Optionee of amounts sufficient to enable the Company to pay all applicable federal, state and local withholding taxes.

Method of Exercise of Option and Payment of Purchase Price. This ---------------------------------------------------------- Option shall be exercisable by the delivery to the Secretary of the Company of a written notice stating the number of shares to be purchased pursuant to the Option and accompanied by payment of the purchase price in full (i) in cash, or (ii) by check made payable to the order of the Company. In addition, Xx. Xxxxxx shall furnish any written statements required pursuant to Section 11 below. Fractional Share interests shall be cashed out at that price equal to the fair market value of a single share multiplied by the fraction 1. representing the fractional Share which, but for this sentence, would otherwise have been issuable.

Method of Exercise of Option and Payment of Purchase Price. This option ---------------------------------------------------------- shall be exercisable by the delivery to the Secretary of the Company of a written notice stating the number of shares to be purchased pursuant to the option and accompanied by payment of the purchase price in full in cash or by check made payable to the order of the Company. In addition, the Employee (or the person or persons exercising the option if the Employee is deceased) shall furnish any written statements required pursuant to Section 9 below. Fractional share interests shall be disregarded except that they may be accumulated.

Method of Exercise of Option and Payment of Purchase Price. The ---------------------------------------------------------- option shall be exercisable by the delivery to the Secretary of the Company of a written notice stating the number of shares to be purchased pursuant to the Option and accompanied by payment of the purchase price in full (i) in cash, (ii) by check made payable to the order of the Company, (iii) by delivery by Xx. Xxxxxx or a Permitted Transferee (as hereinafter defined) of shares of Common Stock already owned by Xx. Xxxxxx or such Permitted Transferee with a fair market value on the date of exercise equal to the aggregate exercise price of the share as to which the Option is being exercised, (iv) by means of so-called cashless exercises as permitted under applicable rules and regulations of the Securities and Exchange Commission and the Federal Reserve Board, or (v) by a combination of the foregoing means of payment. Fractional Share interests shall be cashed out at that price equal to the fair market value of a single share multiplied by the fraction representing the fractional Share which, but or this sentence, would otherwise have been issuable.

Method of Exercise of Option and Payment of Purchase Price. This option shall be exercised by the delivery to the Secretary of OPTS of a written notice stating the number of Option Shares to be purchased and accompanied by payment of the purchase price in full in cash (or by certified or cashiers' check made payable to the order of OPTS). In addition, VSI shall furnish any written statements required pursuant to Section 9 below.

Method of Exercise of Option and Payment of Purchase Price. This option shall be exercised by the delivery to the Secretary of OPTS of a written notice stating the number of Option Shares to be purchased and accompanied by payment of the purchase price in full in cash (or by certified or cashiers' check made payable to the order of OPTS). In addition, Contractor (or the person or persons exercising the option if Contractor is deceased) shall furnish any written statements required pursuant to Section 9 below.