Common use of Method of Exercising Option Clause in Contracts

Method of Exercising Option. Subject to the terms and conditions of this Option Agreement, the Option may be exercised by timely delivery to the Company of written notice, which notice shall be effective on the date received by the Company ("Effective Date"). The notice shall state the Optionee's election to exercise the Option, the number of shares in respect of which an election to exercise has been made, the method of payment elected (see paragraph 7 hereof), the exact name or names in which the shares will be registered and the Social Security number of the Optionee. Such notice shall be signed by the Optionee and shall be accompanied by payment of the purchase price of such shares. In the event the Option shall be exercised by a person or persons other than Optionee pursuant to paragraph 8 hereof, such notice shall be signed by such other person or persons and shall be accompanied by proof acceptable to the Company of the legal right of such person or persons to exercise the Option. All shares delivered by the Company upon exercise of the Option shall be fully paid and nonassessable upon delivery.

Method of Exercising Option. Subject to the terms and conditions of this Option Agreement, the Option may be exercised by timely delivery to the Company of written notice, which notice shall be effective on the date received by the Company ("Effective Date"). The notice shall state the Optionee's election to exercise the Option, the number of shares in respect of which an election to exercise has been made, the method of payment elected (see paragraph 7 hereofbelow), the exact name or names in which the shares will be registered and the Social Security taxpayer identification number of the Optionee. Such The notice shall be signed by the Optionee and shall be accompanied by payment of the purchase price of such shares. In the event If the Option shall be is exercised by a person or persons other than Optionee pursuant to paragraph 8 hereofbelow, such the notice shall be signed by such the other person or persons and shall be accompanied by proof acceptable to the Company of the legal right of such the person or persons to exercise the Option. All shares delivered by the Company upon exercise of the Option shall be fully paid and nonassessable upon delivery.

Method of Exercising Option. Subject to the terms and conditions of this Option Agreement, the Option may be exercised by timely delivery to the Company of written notice, which notice shall be effective on the date received by the Company ("“Effective Date"”). The notice shall state the Optionee's ’s election to exercise the Option, the number of shares in respect of which an election to exercise has been made, the method of payment elected (see paragraph 7 hereof), the exact name or names in which the shares will be registered and the Social Security number of the Optionee. Such notice shall be signed by the Optionee and shall be accompanied by payment of the purchase price of such shares. In the event the Option shall be exercised by a person or persons other than Optionee pursuant to paragraph 8 hereof, such notice shall be signed by such other person or persons and shall be accompanied by proof acceptable to the Company of the legal right of such person or persons to exercise the Option. All shares delivered by the Company upon exercise of the Option shall be fully paid and nonassessable upon delivery.

Method of Exercising Option. Subject to the terms and conditions of this Option Agreement, the Option may be exercised by timely delivery to the Company of written notice, which notice shall be effective on the date received by the Company (the "Effective Date"). The notice shall state the OptioneeEmployee's election to exercise the Option, the number of shares in respect of which an election to exercise has been made, the method of payment elected (see paragraph 7 hereof), the exact name or names in which the shares will be registered and the Social Security number of the OptioneeEmployee. Such notice shall be signed by the Optionee Employee and shall be accompanied by payment of the purchase price of such shares. In the event the Option shall be exercised by a person or persons other than Optionee Employee pursuant to paragraph 8 9 hereof, such notice shall be signed by such other person or persons and shall be accompanied by proof acceptable to the Company of the legal right of such person or persons to exercise the Option. All shares delivered by the Company upon exercise of the Option as provided herein shall be fully paid and nonassessable upon delivery.

Method of Exercising Option. Subject to the terms and conditions of this Option Agreement, the Option may be exercised by timely delivery to the Company of written notice, which notice shall be effective on the date received by the Company ("Effective Date"). The notice shall state the OptioneeEmployee's election to exercise the Option, the number of shares in respect of which an election to exercise has been made, the method of payment elected (see paragraph 7 8 hereof), the exact name or names in which the shares will be registered and the Social Security number of the OptioneeEmployee. Such notice shall be signed by the Optionee Employee and shall be accompanied by payment of the purchase price of such shares. In the event the Option shall be exercised by a person or persons other than Optionee Employee pursuant to paragraph 8 10 hereof, such notice shall be signed by such other person or persons and shall be accompanied by proof acceptable to the Company of the legal right of such person or persons to exercise the Option. All shares delivered by the Company upon exercise of the Option as provided herein shall be fully paid and nonassessable upon delivery.

Method of Exercising Option. Subject to the terms and conditions of this Option Agreement, the Option may be exercised by timely delivery to the Company of a written notice, which notice of exercise that shall be become effective on the date received by the Company ("Effective Date")Company. The notice shall state the Optionee's Employee’s election to exercise the Option, the number of shares in respect of Option Shares for which an the election to exercise has been made, the method of payment elected (see paragraph pursuant to Paragraph 7 hereof), and the exact name or names in which the shares will purchased Option Shares are to be registered and the Social Security number of the Optioneeregistered. Such notice shall be signed by the Optionee Employee and shall be accompanied by payment of the purchase price Exercise Price for the purchased Option Shares, except to the extent payment is to be made pursuant to the same day exercise and sale procedure set forth in clause (ii) of such sharesParagraph 7. In the event the Option shall be exercised by a person or persons other than Optionee Employee pursuant to paragraph 8 Paragraph 9(a) hereof, such notice shall be signed by such other person or persons and shall be accompanied by proof acceptable to the Company of the legal right of such person or persons to exercise the Option. All shares delivered by the Company upon exercise of the Option as provided herein shall be fully paid and nonassessable non-assessable upon delivery.

Method of Exercising Option. Subject to the terms and conditions of this Option Agreement, the Option may be exercised by timely delivery to the Company of written notice, which notice shall be effective on the date received by the Company ("Effective Date"). The notice shall state the Optionee's election to exercise the Option, the number of shares in respect of which an election to exercise has been made, the method of payment elected (see paragraph 7 hereof), the exact name or names in which the shares will be registered registered, and the Social Security taxpayer identification number of the Optionee. Such notice shall be signed by the Optionee and shall be accompanied by payment of the purchase price of such shares. In the event If the Option shall be is exercised by a person or persons other than Optionee pursuant to paragraph 8 hereof, such notice shall be signed by such other person or persons and shall be accompanied by proof acceptable to the Company of the legal right of such person or persons to exercise the Option. All shares delivered by the Company upon exercise of the Option shall be fully paid and nonassessable upon delivery.

Method of Exercising Option. Subject to the terms and conditions of this Option Agreement, the Option may be exercised by timely delivery to the Company of a written notice, which notice of exercise that shall be become effective on the date received by the Company ("Effective Date")Company. The notice shall state the Optionee's Employee’s election to exercise the Option, the number of shares in respect of Option Shares for which an the election to exercise has been made, the method of payment elected (see paragraph pursuant to Paragraph 7 hereof), and the exact name or names in which the shares will purchased Option Shares are to be registered and the Social Security number of the Optioneeregistered. Such notice shall be signed by the Optionee Employee and shall be accompanied by payment of the purchase price Exercise Price for the purchased Option Shares, except to the extent payment is to be made pursuant to the same day exercise and sale procedure set forth in clause (ii) of such sharesParagraph 7. In the event the Option shall be exercised by a person or persons other than Optionee Employee pursuant to paragraph 8 Paragraph 9(a) hereof, such notice shall be signed by such other person or persons and shall be accompanied by proof acceptable to the Company of the legal right of such person or persons to exercise the Option. All shares delivered by the Company upon exercise of the Option as provided herein shall be fully paid and nonassessable non–assessable upon delivery.

Method of Exercising Option. Subject to the terms and conditions of this Option Agreement, the Option may be exercised by timely delivery to the Company of written notice, which notice shall be effective on the date received by the Company (the "Effective Date"). The notice shall state the OptioneeParticipant's election to exercise the Option, the number of shares in respect of which an election to exercise has been made, the method of payment elected (see paragraph 7 hereof), the exact name or names in which the shares will be registered and the Social Security number of the OptioneeParticipant. Such notice shall be signed by the Optionee Participant and shall be accompanied by payment of the purchase price of such shares. In the event the Option shall be exercised by a person or persons other than Optionee Participant pursuant to paragraph 8 9 hereof, such notice shall be signed by such other person or persons and shall be accompanied by proof acceptable to the Company of the legal right of such person or persons to exercise the Option. All shares delivered by the Company upon exercise of the Option as provided herein shall be fully paid and nonassessable upon delivery.

Method of Exercising Option. Subject to the terms and conditions of this Option Agreement, the Option may be exercised by timely delivery to the Company Corporation of written notice, notice which notice shall be become effective on the date received by the Company Corporation ("the “Effective Date"”). The notice shall state the Optionee's Director’s election to exercise the Option, the number of shares in respect of Option Shares for which an the election to exercise has been made, the method of payment elected (see pursuant to paragraph 7 12 hereof), the exact name or names in which the shares will purchased Option Shares are to be registered and the Social Security number Number of the OptioneeDirector. Such notice shall be signed by the Optionee Director and shall be accompanied by payment of the purchase price of Exercise Price for such shares. In the event the Option shall be exercised by a person or persons other than Optionee Director pursuant to paragraph 8 subparagraph 6(b) hereof, such notice shall be signed by such other person or persons and shall be accompanied by proof acceptable to the Company Corporation of the legal right of such person or persons to exercise the Option. All shares delivered by the Company upon exercise of the Option as provided herein shall be fully paid and nonassessable non-assessable upon delivery.