Common use of OPTIONEE NOTICE ON EXERCISE Clause in Contracts

OPTIONEE NOTICE ON EXERCISE. Each holder of a New Ceridian Option or an Arbitron Option (collectively, and "Option") received upon conversion of a Ceridian Option shall provide notice of the exercise of an Option to the issuer of the stock subject to the option and will satisfy any additional requirements to exercise such Option provided in the option agreement and the applicable Ceridian Stock Plan or New Ceridian Option Plan; provided however that if the holder of an Option exercises such Option using E*Trade as a broker, E*Trade may provide such notification via its electronic program if such notification will take place typically within one day after the exercise.

OPTIONEE NOTICE ON EXERCISE. Each holder of a New Ceridian Option or an Arbitron Option (collectively, and an "Option") received upon conversion of a Ceridian Option shall provide notice of the exercise of an Option to the issuer of the stock subject to the option and will satisfy any additional requirements to exercise such Option provided in the option agreement and the applicable Ceridian Stock Plan or New Ceridian Option Plan; provided however that if the holder of an Option exercises such Option using E*Trade as a broker, E*Trade may provide such notification via its electronic program if such notification will take place typically within one day after the exercise.

OPTIONEE NOTICE ON EXERCISE. Each holder of a New Ceridian Option or an Arbitron Option (collectively, and "Option") received upon conversion of a Ceridian Option shall provide notice of the exercise of an Option to the issuer of the stock subject to the option and will satisfy any additional requirements to exercise such Option provided in the option agreement and the applicable Ceridian Stock Plan or New Ceridian Option Plan; provided however that if the holder of an Option exercises such Option using E*Trade as a broker, E*Trade may provide such notification via its electronic program if such notification will take place typically within one day after the exercise.