Common use of Method of Option Exercise Clause in Contracts

Method of Option Exercise. Subject to the terms of this Agreement and the Plan, the Participant may exercise, in whole or in part, the vested portion of the Option at any time by complying with any exercise procedures established by the Company in its sole discretion. The Participant shall pay the exercise price for the portion of the Option being exercised to the Company in full, at the time of exercise, either: (a) in cash; (b) in shares of Stock having a Fair Market Value equal to the aggregate exercise price for the shares of Stock being purchased and satisfying such other requirements as may be imposed by the Committee; provided, that, such shares of Stock have been held by the Participant for no less than six (6) months; (c) partly in cash and partly in such shares of Stock; or (d) through the delivery of irrevocable instructions to a broker to deliver promptly to the Company an amount equal to the aggregate exercise price for the shares of Stock being purchased (“cashless exercise”). Anything to the contrary herein notwithstanding, the Option cannot be exercised and the Company shall not be obligated to issue any shares of Stock hereunder if the Company determines that the issuance of such shares would violate the provision of any applicable law, including the rules and regulations of any securities exchange on which the Stock is traded. Please refer to Section 6.2(d) of the Plan for additional information.

Method of Option Exercise. Subject to the terms of this Agreement and the Plan, the Participant may exercise, in whole or in part, the vested portion of the Option at any time by complying with any exercise procedures established by the Company in its sole discretion. The Participant shall pay the exercise price for the portion of the Option being exercised to the Company in full, at the time of exercise, either: (a) in cash; (b) in shares of Stock having a Fair Market Value equal to the aggregate exercise price for the shares of Stock being purchased and satisfying such other requirements as may be imposed by the Committee; provided, that, such shares of Stock have been held by the Participant for no less than six (6) months; (c) partly in cash and partly in such shares of Stock; or (d) through the delivery of irrevocable instructions to a broker to deliver promptly to the Company an amount equal to the aggregate exercise price for the shares of Stock being purchased (“"cashless exercise”"). Anything to the contrary herein notwithstanding, the Option cannot be exercised and the Company shall not be obligated to issue any shares of Stock hereunder if the Company determines that the issuance of such shares would violate the provision of any applicable law, including the rules and regulations of any securities exchange on which the Stock is traded. Please refer to Section 6.2(d) of the Plan for additional information.

Method of Option Exercise. Subject to the terms of this Award Agreement and the Plan, the Participant Grantee may exercise, in whole or in part, the any vested portion of the Option at any time by complying with any the exercise procedures established by the Company in its sole discretion. The Participant Grantee shall pay the exercise price Exercise Price for the portion of the Option Options being exercised to the Company in full, at the time of the exercise, either: (a) in a. In cash; (b) in b. In shares of Stock having a Fair Market Value equal to the aggregate exercise price Exercise Price for the shares of Stock being purchased and satisfying such other requirements as may be imposed by the CommitteeCompany; provided, that, such shares of Stock have been held by the Participant Grantee for no less than six (6) months; (c) partly c. Partly in cash and partly in such shares of StockStock (described in 5b); or (d) through d. Through the delivery of irrevocable instructions to a broker to deliver promptly to the Company an amount equal to the aggregate exercise price Exercise Price for the shares of Stock being purchased (“cashless exercise”). Anything to the contrary herein notwithstanding, the Option Options cannot be exercised exercised, and the Company shall not be obligated to issue any shares of Stock hereunder hereunder, if the Company determines that the issuance of such shares would violate the provision of any applicable law, including the rules and regulations of any securities exchange on which the Stock is traded. Please refer to Section 6.2(d) of the Plan for additional informationFractional shares will not be paid.

Method of Option Exercise. Subject to the terms of this Agreement and the Plan, the Participant may exercise, in whole or in part, the vested portion of the Option at any time by complying with any exercise procedures established by the Company in its sole discretion. The Participant shall pay the exercise price for the portion of the Option being exercised to the Company in full, at the time of exercise, either: (a) in cash; (b) in shares of Stock having a Fair Market Value equal to the aggregate exercise price for the shares of Stock being purchased and satisfying such other requirements as may be imposed by the Committee; provided, that, such shares of Stock have been held by the Participant for no less than six (6) months; (c) partly in cash and partly in such shares of Stock; or (d) through the delivery of irrevocable instructions to a broker to deliver promptly to the Company an amount equal to the aggregate exercise price for the shares of Stock being purchased (“cashless exercise”). Anything to the contrary herein notwithstanding, the Option cannot be exercised and the Company shall not be obligated to issue any shares of Stock hereunder if the Company determines that the issuance of such shares would violate the provision of any applicable law, including the rules and regulations of any securities exchange on which the Stock is traded. Please refer to Section 6.2(d) of the Plan for additional information.

Method of Option Exercise. Subject to the terms of this Agreement and the Plan, the Participant may exercise, in whole or in part, the vested portion of the Option at any time by complying with any exercise procedures established by the Company in its sole discretion. The Participant shall pay the exercise price for the portion of the Option being exercised to the Company in full, at the time of exercise, either: (a) in cash; (b) in shares of Stock having a Fair Market Value equal to the aggregate exercise price for the shares of Stock being purchased and satisfying such other requirements as may be imposed by the Committee; provided, that, such payment in shares of Stock have been held by will not result in adverse accounting consequences to the Participant for no less than six (6) months;Company. (c) partly in cash and partly in such shares of Stock; or (d) through the delivery of irrevocable instructions to a broker to deliver promptly to the Company an amount equal to the aggregate exercise price for the shares of Stock being purchased (“cashless exercise”). Anything to the contrary herein notwithstanding, the Option cannot be exercised and the Company shall not be obligated to issue any shares of Stock hereunder if the Company determines that the issuance of such shares would violate the provision of any applicable law, including the rules and regulations of any securities exchange on which the Stock is traded. Please refer to Section 6.2(d) of the Plan for additional information.

Method of Option Exercise. Subject to the terms of this Agreement and the Plan, the Participant may exercise, in whole or in part, the vested portion of the Option at any time by complying with any exercise procedures established by the Company in its sole discretion. The Participant shall pay the exercise price for the portion of the Option being exercised to the Company in full, at the time of exercise, either: (a) in cash; (b) in shares of Stock having a Fair Market Value equal to the aggregate exercise price for the shares of Stock being purchased and satisfying such other requirements as may be imposed by the Committee; provided, that, such shares of Stock have been held by the Participant for no less than six (6) months; (c) partly in cash and partly in such shares of Stock; or (d) through the delivery of irrevocable instructions to a broker to deliver promptly to the Company an amount equal to the aggregate exercise price for the shares of Stock being purchased (“cashless exercise”). Anything to the contrary herein notwithstanding, the Option cannot be exercised and the Company shall not be obligated to issue any shares of Stock hereunder if the Company determines that the issuance of such shares would violate the provision of any applicable law, including the rules and regulations of any securities exchange on which the Stock is traded. Please refer to Section 6.2(d) of the Plan for additional information.

Method of Option Exercise. Subject to the terms of this Award Agreement and the Plan, the Participant Grantee may exercise, in whole or in part, the any vested portion of the Option at any time by complying with any the exercise procedures established by the Company in its sole discretion. The Participant Grantee shall pay the exercise price Exercise Price for the portion of the Option Options being exercised to the Company in full, at the time of the exercise, either: (a) in : a. In cash; (b) in ; b. In shares of Stock having a Fair Market Value equal to the aggregate exercise price Exercise Price for the shares of Stock being purchased and satisfying such other requirements as may be imposed by the CommitteeCompany; provided, that, such shares of Stock have been held by the Participant Grantee for no less than six (6) months; (c) partly ; c. Partly in cash and partly in such shares of StockStock (described in 5b); or (d) through or d. Through the delivery of irrevocable instructions to a broker to deliver promptly to the Company an amount equal to the aggregate exercise price Exercise Price for the shares of Stock being purchased (“cashless exercise”). Anything to the contrary herein notwithstanding, the Option Options cannot be exercised exercised, and the Company shall not be obligated to issue any shares of Stock hereunder hereunder, if the Company determines that the issuance of such shares would violate the provision of any applicable law, including the rules and regulations of any securities exchange on which the Stock is traded. Please refer to Section 6.2(d) of the Plan for additional informationFractional shares will not be paid.