Common use of Notice of Exercise; Payment Clause in Contracts

Notice of Exercise; Payment. This option shall be exercisable by giving written notice to the Company at its principal office, presently Xxxxx Xxxxx 0 Xxxxx, Xxxxxxx, Xxxx Xxxxxxxx, Attn.: Chief Financial Officer, stating that the Optionee is exercising this option, specifying the number of shares being purchased and accompanied by payment in full of the aggregate purchase price therefor: (i) in cash or by certified check or bank cashier's check at the time the option is exercised, or (ii) at the discretion of the Board, either at the time of the grant or exercise of the option, (A) by delivery to the Company of other Common Stock of the Company, (B) according to a deferred payment or other arrangement (which may include, without limiting the generality of the foregoing, the use of other common stock of the Company) with the person to whom the option is granted or to whom the option is transferred pursuant to Section 10 of the Plan, or (C) in any other form of legal consideration that may be acceptable to the Board.

Notice of Exercise; Payment. This option shall be exercisable by giving written notice to the Company at its principal office, presently Xxxxx Xxxxx 0 XxxxxState Route 2 South, XxxxxxxChester, Xxxx West Xxxxxxxx, Attn.: Chief Financial Officer, stating that the Optionee is exercising this option, specifying the number of shares being purchased and accompanied by payment in full of the aggregate purchase price therefor: (i) in cash or by certified check or bank cashier's check at the time the option is exercised, or (ii) at the discretion of the Board, either at the time of the grant or exercise of the option, (A) by delivery to the Company of other Common Stock of the Company, (B) according to a deferred payment or other arrangement (which may include, without limiting the generality of the foregoing, the use of other common stock of the Company) with the person to whom the option is granted or to whom the option is transferred pursuant to Section 10 of the Plan, or (C) in any other form of legal consideration that may be acceptable to the Board.