Payment and Withholding. The Option Price of any Vested Option Shares purchased, and applicable withholding, shall be paid in (i) cash, (ii) shares of Stock, or (iii) a combination of cash and shares of Stock; provided, further, that if the Option Shares are publicly traded on the date the Option is exercised, the Committee may require that all or any portion of the Option Price and the applicable withholding be paid in cash.
Appears in 4 contracts
Samples: Employment Agreement (Grande Communications Holdings, Inc.), Nonqualified Stock Option Agreement (Grande Communications Holdings, Inc.), Nonqualified Stock Option Agreement (Grande Communications Holdings, Inc.)
