Common use of MODE OF EXERCISE Clause in Contracts

MODE OF EXERCISE. The Option may be exercised in whole or in part. Common Stock purchased upon the exercise of the Option shall be paid for in full at the time of such purchase. Such payment shall be made in cash or by wire transfer in immediately available funds in either event denominated in U.S. dollars. Upon receipt of notice of exercise and payment in accordance with procedures to be established by the Board, the Company or its agent shall deliver to the person exercising the Option (or his or her designee) a certificate for such Common Stock.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Infinity Energy Resources, Inc), Incentive Stock Option Agreement (Infinity Energy Resources, Inc), Nonqualified Stock Option Agreement (Infinity Energy Resources, Inc)

AutoNDA by SimpleDocs

MODE OF EXERCISE. The Option may be exercised in whole or in part. Common Stock Ordinary Shares purchased upon the exercise of the Option shall be paid for in full at the time of such purchase. Such payment shall be made in cash or by wire transfer in immediately available funds funds, in either event denominated in U.S. dollarsDollars. Upon receipt of notice of exercise and payment in accordance with procedures to be established by the Board, the Company Apex or its agent shall deliver to the person exercising the Option (or his or her designee) a certificate for such Common StockOrdinary Shares.

Appears in 1 contract

Samples: Retirement Agreement (Apex Silver Mines LTD)

AutoNDA by SimpleDocs

MODE OF EXERCISE. The Option may be exercised in whole or in part. Common Stock Ordinary Shares purchased upon the exercise of the Option shall be paid for in full at the time of such purchase. Such payment shall be made in cash or by wire transfer in immediately available funds in either event denominated in U.S. dollarsDollars. Upon receipt of notice of exercise and payment in accordance with procedures to be established by the Board, the Company or its agent shall deliver to the person exercising the Option (or his or her designee) a certificate for such Common StockOrdinary Shares.

Appears in 1 contract

Samples: Incentive Share Option Agreement (Apex Silver Mines LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!