Notice of Exercise/Payment of Purchase Price Sample Clauses

Notice of Exercise/Payment of Purchase Price. Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Secretary of the Company, at the Company's main office, or at such other address as the Company, by written notice to Optionee, may designate from time to time. Such notice shall state the election to exercise the Option and the number of Shares in respect of which the Option is being exercised, and shall be signed by the person or persons exercising the Option. Such notice shall be accompanied by payment of the full purchase price of such Shares, by cashier's or certified check, or by such other form of consideration, if any, as may be approved by the Company's Board of Directors. In addition to the foregoing, the purchase price for the Shares may be paid through a sale and remittance procedure by which Optionee shall provide concurrent irrevocable written instructions to: (i) a Company designated brokerage firm to effect the immediate sale of the purchased Shares and remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the purchase price for the Shares acquired pursuant to exercise of the Option, and (ii) the Company to deliver the certificates for the purchased Shares directly to such brokerage firm to complete the sale transaction.
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Notice of Exercise/Payment of Purchase Price. Subject to the terms and conditions of this Agreement, the Option Right may be exercised by written notice to the Secretary of the Company, at the Company's main office, or at such other address as the Company, by written notice to Optionee, may designate from time to time. Such notice shall state the election to exercise the Option Right and the number of Common Shares in respect of which the Option Right is being exercised, and shall be signed by the person or persons exercising the Option Right. Such notice shall be accompanied by payment of the full purchase price of such Common Shares, by cashier's or certified check, or by such other form of consideration, if any, as may be approved by the Board.
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Notice of Exercise/Payment of Purchase Price. The Option Right may be exercised by written notice to the Board of Directors of VL, at VL's main office, or at such other address as VL, by notice to AHI, may designate from time to time. The notice from AHI shall state the election to exercise the Option Right and the number of Shares with respect to which the Option Right is being exercised, and shall be signed by the person or persons exercising the Option Right. Such notice shall be accompanied by payment or the full purchase price of such Shares, in cash or by cashier's or certified check, or other cash equivalent acceptable to VL, in an amount equal to the full Option Price of the Shares for which the Option Right is being exercised. The Option Right must be exercised in minimum blocks of 10,000 or more Shares. AHI shall be permitted to exercise his Option Right once per calendar year without incurring any expenses associated with the exercise of the option, except those expenses provided in Sections 2 of his Agreement. For any additional exercises of AHI's Option Rights during the same calendar year, AHI shall pay all reasonable costs incurred by VL in connection with fulfilling its obligations in accordance with this Agreement.
Sample 1
Notice of Exercise/Payment of Purchase Price. Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the attention of the Secretary of the Corporation, at the Corporation's main office, or at such other address as the Corporation, by notice to Optionee, may designate from time to time. The notice from Optionee shall slate the election to exercise the Option and the number of Shares in respect of which the Option is being exercised, and shall be signed by the person or persons exercising the Option. Such notice shall be accompanied by payment of the full purchase price of such Shares: (i) in cash or by personal, cashier's or certified check; (ii) in shares of common stock of the Corporation (valued at their fair market value on the date the Option is exercised); (iii) by providing irrevocable instructions (x) to Optionee's designated broker to sell Shares subject to the Option and to remit to the Corporation the proceeds of such sale not later than the settlement date in an amount equal to the amount due to the Corporation, and (y) to the Corporation to issue the certificate(s) representing the Shares pursuant to the Instructions of Optionee's designated broker; or (iv) in any combination of the foregoing.
Sample 1

Related to Notice of Exercise/Payment of Purchase Price

  • Notice of Exercise; Payment To the extent then exercisable, the Option may be exercised in whole or in part by written notice to the Company stating the number of Option Shares for which the Option is being exercised and the intended manner of payment. The date of such notice shall be the exercise date. The Option Price shall be payable (a) in cash or by check acceptable to the Company or by wire transfer of immediately available funds, (b) by actual or constructive transfer to the Company of nonforfeitable, unrestricted Common Shares that have been owned by the Optionee for more than six (6) months prior to the date of exercise, (c) for exercises of Options that occur more than one (1) year following the Date of Grant, by transfer to the Company of shares or vested Options (including Options under this Agreement) for the purchase of Common Shares having a fair market value (net of the exercise price) at the time of exercise equal to the portion of the Option Price for which such transfer is made, or (d) by a combination of such methods of payment. The requirement of payment in cash shall be deemed satisfied if the Optionee shall have made arrangements satisfactory to the Company with a bank or a broker who is a member of the National Association of Securities Dealers, Inc. to sell on the exercise date a sufficient number of the shares being purchased so that the net proceeds of the sale transaction will at least equal the Option Price plus payment of any applicable withholding taxes and pursuant to which the bank or broker undertakes to deliver the full Option Price plus payment of any applicable withholding taxes to the Company on a date satisfactory to the Company, but not later than the date on which the sale transaction will settle in the ordinary course of business. As soon as practicable upon the Company’s receipt of Optionee’s notice of exercise and payment, the Company shall direct the due issuance of the Option Shares so purchased. As a further condition precedent to the exercise of this Option in whole or in part, Optionee shall comply with all regulations and the requirements of any regulatory authority having control of, or supervision over, the issuance of the Common Shares and in connection therewith shall execute any documents which the Board shall in its sole discretion deem necessary or advisable.

  • Payment of Purchase Price Upon Exercise At the time of any exercise, the Exercise Price of the Shares as to which this Option is exercised shall be paid in cash to the Company, unless, in accordance with the provisions of Section 4.2(c) of the Plan, the Board shall permit or require payment of the purchase price in another manner set forth in the Plan.

  • Payment of Purchase Price The Purchase Price shall be paid as follows:

  • Payment of Exercise Price In the event that the holder has elected a Cash Exercise with respect to some or all of the Warrant Shares to be issued pursuant hereto, the holder shall pay the Aggregate Exercise Price in the sum of $___________________ to the Company in accordance with the terms of the Warrant.

  • Purchase Price; Payment of Purchase Price In addition to the Assumed Liabilities described below, the aggregate consideration for the Subject Assets (the “Purchase Price”) shall be the amount equal to: $2,000,000. The Purchase Price shall be subject to adjustment as set forth in Section 1.7 below as so adjusted.

  • Form of Exercise Price The Holder intends that payment of the Exercise Price shall be made as: ____________ a “Cash Exercise” with respect to _________________ Warrant Shares; and/or ____________ a “Cashless Exercise” with respect to _______________ Warrant Shares.

  • Method of Exercise Payment Issuance of New Warrant;

  • Adjustment of Purchase Price and Number of Shares The number of shares of Common Stock issuable upon exercise of this Warrant (or any shares of stock or other securities or property receivable or issuable upon exercise of this Warrant) and the Purchase Price are subject to adjustment upon occurrence of the following events:

  • Payment of Warrant Exercise Price The holder shall pay the Aggregate Exercise Price of $______________ to the Company in accordance with the terms of the Warrant.

  • 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

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