Common use of NOTICE OF EXERCISE OF STOCK OPTION Clause in Contracts

NOTICE OF EXERCISE OF STOCK OPTION. To: inTEST Corporation 0 Xxxxxxxxxx Xxxx Xxxxxx Xxxx, XX 00000 Attn: Chief Financial Officer _____________, 20___ In accordance with Section 4 of the Incentive Stock Option Agreement granted as of ____________________ (the "Option"), I hereby irrevocably elect to exercise the Option to purchase ____________________ Option Shares of the Common Stock of inTEST Corporation (the "Corporation") at the exercise price of _______________________________ ($____) per Option Share and deliver herewith a bank check payable to the order of the Corporation for the aggregate exercise price of $__________________. I agree to notify the Chief Financial Officer of the Corporation at the address set forth above, or at such other address as the Corporation may designate in the future, in the event I sell, assign, gift, transfer or otherwise dispose of any of the Option Shares within one (1) year of exercise or two (2) years from the Date of Grant (a "Disqualifying Disposition"). I understand that any Disqualifying Disposition of the Option Shares will result in the Option not qualifying as an incentive stock option with respect to such Option Shares. If requested by the Corporation, I will provide the Corporation the amount of any taxes the Corporation is required to withhold as a result of a Disqualifying Disposition of Option Shares. Furthermore, the Option must be exercised within three (3) months following the termination of my employment with the Corporation in order to maintain the incentive stock option status with respect to Option Shares issuable upon such exercise. Signature*: ______________________________ Name*: Address: Phone: SS #:

NOTICE OF EXERCISE OF STOCK OPTION. To: inTEST Corporation 0 Xxxxxxxxxx 000 Xxxx Xxxxxx XxxxXxxx Xxxxx, Xxxxx 000 Xx. Xxxxxx, XX 00000 Attn: Chief Financial Officer _____________, 20___ In accordance with Section 4 of the Incentive Stock Option Agreement granted as of ____________________ (the "“Option"”), I hereby irrevocably elect to exercise the Option to purchase ____________________ Option Shares of the Common Stock of inTEST Corporation (the "“Corporation"”) at the exercise price of __________________ ________________ ($____) per Option Share and deliver herewith a bank check payable to the order of the Corporation for the aggregate exercise price of $__________________. I agree to notify the Chief Financial Officer of the Corporation at the address set forth above, or at such other address as the Corporation may designate in the future, in the event I sell, assign, gift, transfer or otherwise dispose of any of the Option Shares within one (1) year of exercise or two (2) years from the Date of Grant (a "“Disqualifying Disposition"”). I understand that any Disqualifying Disposition of the Option Shares will result in the Option not qualifying as an incentive stock option with respect to such Option Shares. If requested by the Corporation, I will provide the Corporation the amount of any taxes the Corporation is required to withhold as a result of a Disqualifying Disposition of Option Shares. Furthermore, the Option must be exercised within three (3) months following the termination of my employment with the Corporation in order to maintain the incentive stock option status with respect to Option Shares issuable upon such exercise. Signature*: ______________________________ Name*: Address: Phone: SS #:* The signature and name should correspond exactly with the name on the first page of the Option.

NOTICE OF EXERCISE OF STOCK OPTION. To: inTEST Corporation 0 Xxxxxxxxxx 000 Xxxx Xxxxxx XxxxXxxx Xxxxx, Xxxxx 000 Xx. Xxxxxx, XX 00000 Attn: Chief Financial Officer _____________, 20___ In accordance with Section 4 of the Incentive Stock Option Agreement granted as of ____________________ (the "“Option"”), I hereby irrevocably elect to exercise the Option to purchase ____________________ Option Shares of the Common Stock of inTEST Corporation (the "“Corporation"”) at the exercise price of __________________ ________________ ($____) per Option Share and deliver herewith a bank check payable to the order of the Corporation for the aggregate exercise price of $__________________. I agree to notify the Chief Financial Officer of the Corporation at the address set forth above, or at such other address as the Corporation may designate in the future, in the event I sell, assign, gift, transfer or otherwise dispose of any of the Option Shares within one (1) year of exercise or two (2) years from the Date of Grant (a "“Disqualifying Disposition"”). I understand that any Disqualifying Disposition of the Option Shares will result in the Option not qualifying as an incentive stock option with respect to such Option Shares. If requested by the Corporation, I will provide the Corporation the amount of any taxes the Corporation is required to withhold as a result of a Disqualifying Disposition of Option Shares. Furthermore, the Option must be exercised within three (3) months following the termination of my employment with the Corporation in order to maintain the incentive stock option status with respect to Option Shares issuable upon such exercise. Signature*: ______________________________ Name*: Address: Phone: SS #:* The signature and name should correspond exactly with the name on the first page of the Option.

NOTICE OF EXERCISE OF STOCK OPTION. To: inTEST Corporation 0 Xxxxxxxxxx 000 Xxxx Xxxxxx XxxxXxxx Xxxxx, Xxxxx 000 Xx. Xxxxxx, XX 00000 Attn: Chief Financial Officer _____________, 20___ In accordance with Section 4 of the Incentive Stock Option Agreement granted as of ____________________ (the "“Option"”), I hereby irrevocably elect to exercise the Option to purchase ____________________ Option Shares of the Common Stock of inTEST Corporation (the "“Corporation"”) at the exercise price of __________________ ________________ ($____) per Option Share and deliver herewith a bank check payable to the order of the Corporation for the aggregate exercise price of $__________________. I agree to notify the Chief Financial Officer of the Corporation at the address set forth above, or at such other address as the Corporation may designate in the future, in the event I sell, assign, gift, transfer or otherwise dispose of any of the Option Shares within one (1) year of exercise or two (2) years from the Date of Grant (a "“Disqualifying Disposition"”). I understand that any Disqualifying Disposition of the Option Shares will result in the Option not qualifying as an incentive stock option with respect to such Option Shares. If requested by the Corporation, I will provide the Corporation the amount of any taxes the Corporation is required to withhold as a result of a Disqualifying Disposition of Option Shares. Furthermore, the Option must be exercised within three (3) months following the termination of my employment with the Corporation in order to maintain the incentive stock option status with respect to Option Shares issuable upon such exercise. Signature*: ______________________________ Name*: Address: Phone: SS #:* The signature and name should correspond exactly with the name on the first page of the Option.