Method of Payment of Option Sample Clauses

Method of Payment of Option. Payment of the aggregate Xxxxx Xxxxx shall be by any of the following, or a combination thereof, at the election of Executive:
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Method of Payment of Option. Payment of the Exercise Price shall be payable to the Company in full in cash or either:
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Method of Payment of Option. Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee:
Sample 1Sample 2Sample 3
Method of Payment of Option. Payment of the aggregate Xxxxx Xxxxx shall be payable to the Company in full in cash or its equivalent or in the sole discretion of the Committee, either:
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Method of Payment of Option. The Company may, in its sole discretion, --------------------------- pay the purchase price for any Option or Option Shares repurchased by it hereunder (under Section 16) either in cash or, alternatively, if such purchase price exceeds $2,000, by delivery on the date of purchase of a check in an amount equal to at least fifteen percent (15%) of such purchase price, together with the Company's unsecured promissory note in a principal amount equal to the remainder of such purchase price (the "Note"). In the event of payment by Note, the Note shall be due and payable not later than three years from the date of issuance, with principal and interest thereon payable on an unsecured basis in equal annual installments. Interest on the Note shall be equal to the lowest applicable Federal rate, as defined in Section 1274(d) of the Code, as of the date of the Note's issuance.
Sample 1
Method of Payment of Option. Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee: • by electronic funds transfer, or by check payable to the order of the Company, in the full amount of the purchase price of the Shares and the amount required to satisfy all applicable withholding taxes; or • by notice and third party payment in such manner as may be authorized by the Committee under a formal cashless exercise program adopted by the Company; or • by surrender of other Shares which (i) in the case of Shares acquired from the Company, have been owned by the Optionee for more than six (6) months on the date of surrender, and (ii) have a Fair Market Value (as such term is defined in the Digital Insight Corporation 1999 Stock Option Plan as in effect on the Date of Grant of this Option) on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares and payment by electronic funds transfer or check of the amount required to satisfy all applicable withholding taxes. Other payment methods may be permitted only if expressly authorized by the Committee with respect to the Option.
Sample 1
Method of Payment of Option. The Company may, in its sole discretion, --------------------------- pay the purchase price for any Option or Option Shares repurchased by it hereunder under Section 19 either in cash or by delivery of the Company's unsecured promissory note in a principal amount equal to the purchase price (the "Note") of the Option Shares or the Option. In the event of payment by Note, the Note shall be due and payable not later than three years from the date of issuance, with principal and interest thereon payable on an unsecured basis in equal annual installments. Interest on the Note shall be equal to the lowest applicable Federal rate, as defined in Section 1274(d) of the Code, as of the date of the Note's issuance.
Sample 1
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Method of Payment of Option. Payment of the aggregate Xxxxx Xxxxx shall be payable to the Company by Participant either:
Sample 1

Related to Method of Payment of Option

  • Method of Payment Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee:

  • Method of Payments Any amount due under this Guarantee shall be paid:

  • Method of Option Exercise The Option may be exercised in whole or in part by filing a written notice with, and which must be received by, the Secretary of the Company at its corporate headquarters prior to the Expiration Date. Such notice shall (a) specify the number of shares of Stock which the Participant elects to purchase; provided, however, that not less than one hundred (100) shares of Stock may be purchased at any one time unless the number purchased is the total number of shares available for purchase at that time under the Option, and (b) be accompanied by payment of the Exercise Price for such shares of Stock indicated by the Participant’s election. Payment shall be by cash or by check payable to the Company, or, at the discretion of the Committee at any time: (a) all or a portion of the Exercise Price may be paid by the Participant by delivery of shares of Stock acceptable to the Committee (including, if the Committee so approves, the withholding of shares otherwise issuable upon exercise of the Option) and having an aggregate Fair Market Value (valued as of the date of exercise) that is equal to the amount of cash that would otherwise be required; and (b) the Participant may pay the Exercise Price by authorizing a third party to sell shares of Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and remit to the Company a sufficient portion of the sale proceeds to pay the entire Exercise Price and any tax withholding resulting from such exercise.

  • Method of Payment of Purchase Price No later than 12:00 p.m. Eastern time on the Closing Date, Purchaser shall deposit with Escrow Agent the Purchase Price (less the Xxxxxxx Money Deposit), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's Costs"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization by the parties at Closing, shall (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreement, (ii) pay to the appropriate payees out of the proceeds of Closing payable to Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IV

  • Payment of Option Price The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six (6) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

  • METHOD OF PAYMENT OF ACCRUED BENEFIT The Advisory Committee will apply Section 6.02 of the Plan with the following modifications: (Choose (a) or at least one of (b), (c), (d) and (e))

  • Time and Method of Payment Except as otherwise provided in Section 4.02, all amounts payable to any Funding Agent or Investor hereunder or with respect to the Series 2020-1 Class A-1 Advance Notes shall be made to the Administrative Agent for the benefit of the applicable Person, by wire transfer of immediately available funds in Dollars not later than 1:00 p.m. (New York City time) on the date due. The Administrative Agent will promptly, and in any event by 5:00 p.m. (New York City time) on the same Business Day as its receipt or deemed receipt of the same, distribute to the applicable Funding Agent for the benefit of the applicable Person, or upon the order of the applicable Funding Agent for the benefit of the applicable Person, its pro rata share (or other applicable share as provided herein) of such payment by wire transfer in like funds as received. Except as otherwise provided in Section 2.07 and Section 4.02, all amounts payable to the Swingline Lender or the L/C Provider hereunder or with respect to the Swingline Loans and L/C Obligations shall be made to or upon the order of the Swingline Lender or the L/C Provider, respectively, by wire transfer of immediately available funds in Dollars not later than 1:00 p.m. (New York City time) on the date due. Any funds received after that time will be deemed to have been received on the next Business Day. The Issuer’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Issuer to the Administrative Agent as provided herein or by the Trustee or Paying Agent in accordance with Section 4.02 whether or not such funds are properly applied by the Administrative Agent or by the Trustee or Paying Agent. The Administrative Agent’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Administrative Agent to the applicable Funding Agent as provided herein whether or not such funds are properly applied by such Funding Agent.

  • Method of Exercise of Option (a) Subject to the terms and conditions of this Agreement, the Option shall be exercisable by notice in the manner set forth in Exhibit A hereto (the "NOTICE") and provision for payment to the Corporation in accordance with the procedure prescribed herein. Each such Notice shall:

  • Purchase Price and Method of Payment Buyer shall pay and Seller shall accept the purchase price for the Business as follows:

  • Method of Exercise Payment Issuance of New Warrant;

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