Common use of Options and Option Shares Clause in Contracts

Options and Option Shares. Subject to the provisions of Section 5, the closing of the purchase shall take place at the principal office of the Company on the 60th day after the giving of such notice. Subject to the provisions of Section 5, the Participant and each Permitted Transferee, as applicable, shall deliver to the Company duly executed instruments transferring any and all rights, title and interest to and in the Options and Option Shares to the Company, against payment of the appropriate purchase price by cashier's or certified check payable to the Participant or by wire transfer of immediately available funds to an account designated by the Participant.

Options and Option Shares. Subject to the provisions of Section SECTION 5, the closing of the purchase shall take place at the principal office of the Company on the 60th 30th day after the giving of such notice. Subject to the provisions of Section SECTION 5, the Participant and each Permitted Transferee, as applicable, shall deliver to the Company duly executed instruments transferring any and all rights, title and interest to and in the Options and Option Shares to the Company, against payment of the appropriate purchase price by cashier's or certified check payable to the Participant or by wire transfer of immediately available funds to an account designated by the Participant.