Method of Exercise of This Option. This Option may be exercised during the Exercise Period by providing written notice to the Chief Financial Officer or Secretary of the Company specifying the number of Option Shares to be purchased. The notice must be in the form prescribed by Section 6.6 of the Plan. The date of exercise is the date on which such notice is received by the Company. Such notice must be accompanied by payment in full of the aggregate Exercise Price for the Option Shares to be purchased upon such exercise. Payment shall be made either (i) in cash or its equivalent, (ii) by tendering previously acquired shares of Common Stock having an aggregate Fair Market Value as of the time of exercise equal to the aggregate Exercise Price, or (iii) a combination of (i) and (ii). In addition, the Company may establish a cashless exercise program in accordance with applicable laws and regulations. Promptly after such payment, subject to Section 3 below, the Company shall issue and deliver to the Optionee or other person exercising this Option (to whom this Option may have been transferred pursuant to Section 4 of this Agreement) a certificate or certificates representing the shares of Common Stock so purchased, registered in the name of the Optionee (or such other person), or, upon request, in the name of the Optionee (or such other person) and in the name of another jointly with right of survivorship.
Appears in 1 contract
Samples: Qualified Stock Option Agreement (Mb Financial Inc /Md)
Method of Exercise of This Option. This Option may be exercised during the Exercise Period by providing written notice to the Chief Financial Officer or Secretary of the Company specifying the number of Option Shares to be purchased. The notice must be in the form prescribed by Section 6.6 of the Plan. The date of exercise is the date on which such notice is received by the Company. Such notice must be accompanied by payment in full of the aggregate Exercise Price for the Option Shares to be purchased upon such exercise. Payment shall be made either (i) in cash or its equivalent, (ii) by tendering previously acquired shares of Common Stock having an aggregate Fair Market Value as of fair market value at the time of exercise equal to the aggregate Exercise Option Price, or (iii) by a combination combination of (i) and (ii). In addition, the Company may establish a cashless exercise program in accordance with applicable laws and regulations. Promptly after such payment, subject to Section 3 below, the Company shall issue and deliver to the Optionee or other person exercising this Option (to whom this Option may have been transferred pursuant to Section 4 6.8(a) of this Agreementthe Plan in the event of the death of the Optionee) a certificate or certificates representing the shares of Common Stock so purchased, registered in the name of the Optionee (or such other person), or, upon request, in the name of the Optionee (or such other person) and in the name of another jointly with right of survivorship.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Mb Financial Inc /Md)
Method of Exercise of This Option. This Option may be exercised during the Exercise Period by providing written notice to the Chief Financial Officer or Secretary of the Company specifying the number of Option Shares to be purchased. The notice must be in the form prescribed by Section 6.6 of the Plan. The date of exercise is the date on which such notice is received by the Company. Such notice must be accompanied by payment in full of the aggregate Exercise Price for the Option Shares to be purchased upon such exercise. Payment shall be made either (i) in cash or its equivalent, (ii) by tendering previously acquired shares of Common Stock having an aggregate Fair Market Value as of fair market value at the time of exercise equal to the aggregate Exercise Option Price, or (iii) by a combination combination of (i) and (ii). In addition, the Company may establish a cashless exercise program in accordance with applicable laws and regulations. Federal Reserve Board Regulation G. Promptly after such payment, subject to Section 3 below, the Company shall issue and deliver to the Optionee or other person exercising this Option (to whom this Option may have been transferred pursuant to Section 4 6.8(a) of this Agreementthe Plan in the event of the death of the Optionee) a certificate or certificates representing the shares of Common Stock so purchased, registered in the name of the Optionee (or such other person), or, upon request, in the name of the Optionee (or such other person) and in the name of another jointly with right of survivorship.
Appears in 1 contract
Samples: Incentive Plan Incentive Stock Option Agreement (Mb Financial Inc /Md)
Method of Exercise of This Option. This Option may be exercised during the Exercise Period by providing written notice to the Chief Financial Officer or Secretary of the Company specifying the number of Option Shares to be purchased. The notice must be in the form prescribed by Section 6.6 of the Plan. The date of exercise is the date on which such notice is received by the Company. Such notice must be accompanied by payment in full of the aggregate Exercise Price for the Option Shares to be purchased upon such exercise. Payment shall be made either (i) in cash or its equivalent, (ii) by tendering previously acquired shares of Common Stock having an aggregate Fair Market Value as of the time date of exercise equal to the aggregate Exercise Price, or (iii) a combination combination of (i) and (ii). In addition, the Company may establish a cashless exercise program in accordance with applicable laws and regulations. Federal Reserve Board Regulation G. Promptly after such payment, subject to Section 3 below, the Company shall issue and deliver to the Optionee or other person exercising this Option (to whom this Option may have been transferred pursuant to Section 4 of this Agreement) a certificate or certificates representing the shares of Common Stock so purchased, registered in the name of the Optionee (or such other person), or, upon request, in the name of the Optionee (or such other person) and in the name of another jointly with right of survivorship.. NQSO-1 Next Page
Appears in 1 contract
Samples: Qualified Stock Option Agreement (Mb Financial Inc /Md)