Common use of Notice of Exercise of Option Clause in Contracts

Notice of Exercise of Option. This Option may be exercised by this Optionee by a written notice signed by this Optionee, and delivered or mailed to Modavox to the attention of the Chief Executive Officer. The notice shall specify the number of shares of Stock which this Optionee elects to purchase hereunder, and be accompanied by (i) a certified or cashier’s check payable to the Company in payment of the total Exercise Price applicable to such shares as provided herein, (ii) surrender this Option (or any successor hereto or fraction hereof) (valued for such purpose at the Fair Market Value of the underlying Common Stock for which such Option is exercisable on the date of such exercise less the Option Price then in effect) and apply all or a portion of the amount so determined to the payment of the Option Price for the number of shares of Common Stock being purchased, (iii) shares of Stock owned by Optionee and duly endorsed or accompanied by stock transfer powers having a Fair Market Value equal to the total Exercise Price applicable to such shares purchased hereunder, (iv) a certified or cashier’s check accompanied by the Option (valued for such purpose at the Fair Market Value of the underlying Common Stock for which such Option is exercisable on the date of such exercise less the Option Price then in effect) whose Fair Market Value when added to the amount of the check equals the total Exercise Price applicable to such shares purchased hereunder; or (v) a certified or cashier’s check accompanied by a certificate or certificates representing the number of shares of Stock whose Fair Market Value when added to the amount of the check equals the total Exercise Price applicable to such shares purchased hereunder. Upon receipt of any such notice and accompanying payment, the Company agrees to issue to the Optionee stock certificates for the number of shares specified in such notice registered in the name of the Optionee.

Notice of Exercise of Option. This The Option may be exercised by this Optionee the Employee, or by his or her administrator, executor, personal representative or qualified transferee, by a written notice (in substantially the form of the "Notice of Exercise" attached hereto as Annex A) signed by this Optioneethe Employee, or by such administrator, executor, personal representative or qualified transferee, and delivered or mailed to Modavox the Corporation at its principal office in Norcross, Georgia, to the attention of the Chief Executive OfficerPresident, Treasurer or such other officer as the Corporation may designate. The Any such notice shall (a) specify the number of shares of Common Stock which this Optionee the Employee or such administrator, executor, personal representative or qualified transferee, as the case may be, then elects to purchase hereunder, and (b) be accompanied by (i) a certified or cashier’s 's check payable to the Company Corporation, or personal check acceptable to the Corporation, in payment of the total Exercise Price price applicable to such shares as provided herein, or (ii) surrender this Option (or subject to any successor hereto or fraction hereofrestrictions referred to in Annex A) (valued for such purpose at the Fair Market Value of the underlying Common Stock for which such Option is exercisable on the date of such exercise less the Option Price then in effect) and apply all or a portion of the amount so determined to the payment of the Option Price for the number of shares of Common Stock being purchasedStock, (iii) shares of Stock owned by Optionee him or her and duly endorsed or accompanied by stock transfer powers powers, or in lieu thereof, the form of Attestation of Share Ownership attached as Annex B executed with respect to the number of such shares, having a Fair Market Value equal to the total Exercise Price purchase price applicable to such the shares purchased hereunder, or (iviii) such a certified or cashier’s check accompanied by check, and the Option (valued for such purpose at the Fair Market Value of the underlying Common Stock for which such Option is exercisable on the date number of such exercise less the Option Price then in effectshares (or attestation with respect thereto) whose Fair Market Value when added to the amount of the check equals the total Exercise Price purchase price applicable to such shares purchased hereunder; or (v) a certified or cashier’s check under the Option. Such notice shall also be accompanied by such a certificate check or certificates representing shares of Common Stock in payment of applicable withholding and employment taxes, or the number person exercising this Option shall authorize (by use of Annex B or otherwise) the withholding of shares of Common Stock whose Fair Market Value when added otherwise issuable under this Option in payment of such taxes, all as set forth on Annex A and subject to the amount of the check equals the total Exercise Price applicable any restrictions referred to such shares purchased hereundertherein. Upon receipt of any such notice and accompanying payment, and subject to the Company terms hereof, the Corporation agrees to issue cause to be issued to the Optionee Employee or to such administrator, executor, personal representative or qualified transferee, as the case may be, stock certificates for the number of shares specified in such notice registered in the name of the Optioneeperson exercising the Option.

Notice of Exercise of Option. This The Option may be exercised by this Optionee the Employee, or by his or her administrator, executor, personal representative or qualified transferee, by a written notice (in substantially the form of the “Notice of Exercise” attached hereto as Annex A) signed by this Optioneethe Employee, or by such administrator, executor, personal representative or qualified transferee, and delivered or mailed to Modavox the Corporation at its principal office in Norcross, Georgia, to the attention of the Chief Executive OfficerPresident, Treasurer or such other officer as the Corporation may designate. The Any such notice shall (a) specify the number of shares of Common Stock which this Optionee the Employee or such administrator, executor, personal representative or qualified transferee, as the case may be, then elects to purchase hereunder, and (b) be accompanied by (i) a certified or cashier’s check payable to the Company Corporation, or personal check acceptable to the Corporation, in payment of the total Exercise Price price applicable to such shares as provided herein, or (ii) surrender this Option (or subject to any successor hereto or fraction hereofrestrictions referred to in Annex A) (valued for such purpose at the Fair Market Value of the underlying Common Stock for which such Option is exercisable on the date of such exercise less the Option Price then in effect) and apply all or a portion of the amount so determined to the payment of the Option Price for the number of shares of Common Stock being purchasedStock, (iii) shares of Stock owned by Optionee him or her and duly endorsed or accompanied by stock transfer powers powers, or in lieu thereof, the form of Attestation of Share Ownership attached as Annex B executed with respect to the number of such shares, having a Fair Market Value equal to the total Exercise Price purchase price applicable to such the shares purchased hereunder, or (iviii) such a certified or cashier’s check accompanied by check, and the Option (valued for such purpose at the Fair Market Value of the underlying Common Stock for which such Option is exercisable on the date number of such exercise less the Option Price then in effectshares (or attestation with respect thereto) whose Fair Market Value when added to the amount of the check equals the total Exercise Price purchase price applicable to such shares purchased hereunder; or (v) a certified or cashier’s check under the Option. Such notice shall also be accompanied by such a certificate check or certificates representing shares of Common Stock in payment of applicable withholding and employment taxes, or the number person exercising this Option shall authorize (by use of Annex B or otherwise) the withholding of shares of Common Stock whose Fair Market Value when added otherwise issuable under this Option in payment of such taxes, all as set forth on Annex A and subject to the amount of the check equals the total Exercise Price applicable any restrictions referred to such shares purchased hereundertherein. Upon receipt of any such notice and accompanying payment, and subject to the Company terms hereof, the Corporation agrees to issue cause to be issued to the Optionee Employee or to such administrator, executor, personal representative or qualified transferee, as the case may be, stock certificates for the number of shares specified in such notice registered in the name of the Optioneeperson exercising the Option.

Notice of Exercise of Option. This Option may be exercised by this Optionee the Employee, or by his or her administrator, executor, personal representative or qualified transferee, by a written notice (in substantially the form of the "Notice of Exercise" attached hereto as Annex A) signed by this Optioneethe Employee, or by such administrator, executor, personal representative or qualified transferee, and delivered or mailed to Modavox the Corporation at its principal office in Norcross, Georgia, to the attention of the Chief Executive OfficerPresident, Treasurer or such other officer as the Corporation may designate. The Any such notice shall (a) specify the number of shares of Common Stock which this Optionee the Employee or such administrator, executor, personal representative or qualified transferee, as the case may be, then elects to purchase hereunder, and (b) be accompanied by (i) a certified or cashier’s 's check payable to the Company Corporation, or personal check acceptable to the Corporation, in payment of the total Exercise Price price applicable to such shares as provided herein, or (ii) surrender this Option (or subject to any successor hereto or fraction hereofrestrictions referred to in Annex A) (valued for such purpose at the Fair Market Value of the underlying Common Stock for which such Option is exercisable on the date of such exercise less the Option Price then in effect) and apply all or a portion of the amount so determined to the payment of the Option Price for the number of shares of Common Stock being purchasedStock, (iii) shares of Stock owned by Optionee him or her and duly endorsed or accompanied by stock transfer powers powers, or in lieu thereof, the form of Attestation of Share Ownership attached as Annex B executed with respect to the number of such shares, having a Fair Market Value equal to the total Exercise Price purchase price applicable to such the shares purchased hereunder, or (iviii) such a certified or cashier’s check accompanied by check, and the Option (valued for such purpose at the Fair Market Value of the underlying Common Stock for which such Option is exercisable on the date number of such exercise less the Option Price then in effectshares (or attestation with respect thereto) whose Fair Market Value when added to the amount of the check equals the total Exercise Price purchase price applicable to such shares purchased hereunder; or (v) a certified or cashier’s check . Such notice shall also be accompanied by such a certificate check or certificates representing shares of Common Stock in payment of applicable withholding and employment taxes, or the number person exercising this Option shall authorize (by use of Annex B or otherwise) the withholding of shares of Common Stock whose Fair Market Value when added otherwise issuable under this Option in payment of such taxes, all as set forth on Annex A and subject to the amount of the check equals the total Exercise Price applicable any restrictions referred to such shares purchased hereundertherein. Upon receipt of any such notice and accompanying payment, and subject to the Company terms hereof, the Corporation agrees to issue cause to be issued to the Optionee Employee or to such administrator, executor, personal representative or qualified transferee, as the case may be, stock certificates for the number of shares specified in such notice registered in the name of the Optioneeperson exercising this Option.

Notice of Exercise of Option. This Option may be exercised by this the Optionee by a written notice signed by this the Optionee, and delivered or mailed to Modavox the Company to the attention of the Chief Executive OfficerPresident. The notice shall specify the number of shares of Stock which this the Optionee elects to purchase hereunder, and be accompanied by (i) a certified or cashier’s 's check payable to the Company in payment of the total Exercise Price applicable to such shares as provided herein, (ii) surrender this Option Warrant (or any successor hereto or fraction hereof) (valued for such purpose at the Fair Market Value of the underlying Common Stock for which such Option Warrant is exercisable on the date of such exercise less the Option Warrant Price then in effect) and apply all or a portion of the amount so determined to the payment of the Option Warrant Price for the number of shares of Common Stock being purchased, (iii) shares of Stock owned by Optionee and duly endorsed or accompanied by stock transfer powers having a Fair Market Value equal to the total Exercise Price applicable to such shares purchased hereunder, (iv) a certified or cashier’s 's check accompanied by the Option Warrant (valued for such purpose at the Fair Market Value of the underlying Common Stock for which such Option Warrant is exercisable on the date of such exercise less the Option Warrant Price then in effect) whose Fair Market Value when added to the amount of the check equals the total Exercise Price applicable to such shares purchased hereunder; or (v) a certified or cashier’s 's check accompanied by a certificate or certificates representing the number of shares of Stock whose Fair Market Value when added to the amount of the check equals the total Exercise Price applicable to such shares purchased hereunder. Upon receipt of any an such notice and accompanying payment, the Company agrees to issue to the Optionee stock certificates for the number of shares specified in such notice registered in the name of the Optionee.

Notice of Exercise of Option. This Option may be exercised by this Optionee by a written notice signed by this Optionee, and delivered or mailed to Modavox SurfNet to the attention of the Chief Executive Officer. The notice shall specify the number of shares of Stock which this Optionee elects to purchase hereunder, and be accompanied by (i) a certified or cashier’s check payable to the Company in payment of the total Exercise Price applicable to such shares as provided herein, (ii) surrender this Option (or any successor hereto or fraction hereof) (valued for such purpose at the Fair Market Value of the underlying Common Stock for which such Option is exercisable on the date of such exercise less the Option Price then in effect) and apply all or a portion of the amount so determined to the payment of the Option Price for the number of shares of Common Stock being purchased, (iii) shares of Stock owned by Optionee and duly endorsed or accompanied by stock transfer powers having a Fair Market Value equal to the total Exercise Price applicable to such shares purchased hereunder, (iv) a certified or cashier’s check accompanied by the Option (valued for such purpose at the Fair Market Value of the underlying Common Stock for which such Option is exercisable on the date of such exercise less the Option Price then in effect) whose Fair Market Value when added to the amount of the check equals the total Exercise Price applicable to such shares purchased hereunder; or (v) a certified or cashier’s check accompanied by a certificate or certificates representing the number of shares of Stock whose Fair Market Value when added to the amount of the check equals the total Exercise Price applicable to such shares purchased hereunder. Upon receipt of any such notice and accompanying payment, the Company agrees to issue to the Optionee stock certificates for the number of shares specified in such notice registered in the name of the Optionee.