Net Share Exercise. You may exercise your Option by delivering to the Company a written exercise notice (on the Exercise Agreement attached hereto as Exhibit A or any other form acceptable to the Company) that directs the Company to withhold a sufficient number of the shares of Common Stock acquired upon exercise to satisfy the aggregate exercise price and tax withholding obligation with respect to the shares of Common Stock to which the Option is being exercised. For purposes of this provision, the shares of Common Stock applied to satisfy the exercise price and withholding obligation shall be valued in the same manner as provided under paragraph 6(a).
Net Share Exercise. If during the Exercise Period (i) the Fair Market Value (as defined below) of one share of the Common Stock is greater than the Exercise Price (at the date of calculation as set forth below), and (ii) the Exercise Shares are not registered for resale pursuant to an effective registration statement, in lieu of exercising this Warrant by payment of cash or by wire transfer of immediately available funds, the Company may, in its sole discretion, permit the Holder to effect a “net share exercise” of this Warrant, in which event, if so effected, the Holder shall receive Exercise Shares equal to the value (as determined below) of this Warrant (or the portion thereof being canceled) by delivering the properly endorsed Notice of Exercise to the principal office of the Company in which event the Company shall issue to the Holder a number of shares of Common Stock computed using the following formula: X = Y(A-B) A Where X = the number of Exercise Shares to be issued to the Holder Y = the number of Exercise Shares with respect to which this Warrant is being exercised A = the Fair Market Value (as defined below) of one share of the Company’s Common Stock (at the date of such calculation) B = the Exercise Price (as adjusted to the date of such calculation) For purposes of this Warrant, the “Fair Market Value” of one share of Common Stock means (i) the average of the closing sales prices for the shares of Common Stock on an Eligible Market where the Common Stock is listed or traded as reported by Bloomberg Financial Markets (or a comparable reporting service of national reputation selected by the Company and reasonably acceptable to the Holder if Bloomberg Financial Markets is not then reporting sales prices of such security) (collectively, “Bloomberg”) for the ten consecutive trading days immediately before the Exercise Date, or (ii) if an Eligible Market is not the principal Trading Market for the shares of Common Stock, the average of the reported sales prices reported by Bloomberg on the principal Trading Market for the Common Stock during the same period, or, if there is no sales price for such period, the last sales price reported by Bloomberg for such period, or (iii) if neither of the foregoing applies, the last sales price of such security in the over-the-counter market on the pink sheets or bulletin board for such security as reported by Bloomberg, or if no sales price is so reported for such security, the last bid price of such security as reported by Bloombe...
Net Share Exercise. This method will enable you to avoid paying the exercise price of the option in cash; the option will be settled in shares. By choosing this method, you authorize Acme to decrease the number of the Shares to be delivered to you by the number of Shares having an aggregate value equal to the total exercise price of your option, calculated as follows: Fair Market Value A $_____________ Exercise Price B $_____________ # Shares C _____________ Total Value to be Received (A-B)*C $_____________ Divided by Fair Market Value equals # Shares to be delivered _____________
Net Share Exercise. If the Committee has authorized net exercise, the Participant may exercise the Participant’s Option by delivering to the Company a written exercise notice (on such form acceptable to the Company) that directs the Company to withhold a sufficient number of the shares of Stock acquired upon exercise to satisfy the aggregate exercise price and tax withholding obligation with respect to the shares of Stock to which the Option is being exercised. For purposes of this provision, the shares of Stock applied to satisfy the exercise price and withholding obligation shall be valued in the same manner as provided under Section 4(b)(i).
Net Share Exercise. To the extent that this Section 2.4 is applicable, payment may be made by holding back from the shares of Stock to be issued upon exercise of the Option that number of shares of Stock having a Fair Market Value equal to the minimum amount required to satisfy the Exercise Price (the Fair Market Value of the shares of Stock to be held back shall be determined on the date that the Option is exercised).
Net Share Exercise. This method will enable you to avoid paying the exercise price of the option in cash; the option will be settled in shares. By choosing this method, you authorize Acme to decrease the number of the Shares to be delivered to you by the number of Shares having an aggregate value equal to the total exercise price of your option, calculated as follows: Closing Price A $ Exercise Price B $ # Shares C Total Value to be Received (A-B)*C $ Divided by Closing Price equals # Shares to be delivered
