Payment of Exercise Price and Applicable Taxes Sample Clauses

Payment of Exercise Price and Applicable Taxes. Payment of the exercise price and any applicable taxes shall be a condition to the issuance of Shares upon exercise and may be made in cash or through any other methods approved by the Board in its sole discretion, which methods may include, solely in the Board’s discretion, the withholding or delivery of Shares with an aggregate fair market value equal to the aggregate exercise price and any applicable taxes. For purposes herein, any “applicable taxes” shall include any additional federal and state income taxes or any income taxes or employee’s social security contributions arising in any jurisdiction outside the United States required to be withheld (or accounted for to appropriate revenue authorities by the Company) by reason of the exercise of the Options (which amount shall be calculated by the Company and provided to Executive promptly following delivery of the notice of exercise, and which shall be subject to later adjustment by the Company (with a corresponding payment by or refund to Executive) in the event that any such adjustment is required), and shall be due in full at the same time as delivery of the notice of exercise (with the portion representing taxes or contributions due within two (2) business days of the date on which the Company informs Executive in writing of the amount of such items pursuant to the provisions of this Section 3.6). For United States federal income tax purposes, the Company intends to treat Options as exercised at the time the Company issues the applicable Shares to the Executive.
Sample 1
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Payment of Exercise Price and Applicable Taxes. Payment of the exercise price and any applicable taxes shall be a condition to the issuance of Shares upon exercise and may be made in cash or through any other methods approved by the Board in its sole discretion, which methods may include, solely in the Board’s discretion, the withholding or delivery of Shares with an aggregate fair market value equal to the aggregate exercise price and any applicable taxes. For purposes herein, any “applicable taxes” shall include any additional income taxes or any income taxes or employee’s social security contributions arising in any jurisdiction outside the country in which the Executive is employed required to be withheld (or accounted for to appropriate revenue authorities by the Company) by reason of the exercise of the Options (which amount shall be calculated by the Company and provided to Executive promptly following delivery of the notice of exercise, and which shall be subject to later adjustment by the Company (with a corresponding payment by or refund to Executive) in the event that any such adjustment is required), and shall be due in full at the same time as delivery of the notice of exercise (with the portion representing taxes or contributions due within 24 Only for designated executives. 25 As applicable. two (2) business days of the date on which the Company informs Executive in writing of the amount of such items pursuant to the provisions of this Section 3.6). For income tax purposes, the Company intends to treat Options as exercised at the time the Company issues the applicable Shares to the Executive.
Sample 1
Payment of Exercise Price and Applicable Taxes. Payment of the exercise price of any vested Options and any applicable taxes shall be a condition to the issuance of Shares upon exercise and may be made in cash or through any other methods approved by the Board in its sole discretion, which methods may include, solely in the Board’s discretion, the withholding or delivery of Shares with an aggregate fair market value equal to the aggregate exercise price and any applicable taxes. For purposes herein, any “applicable taxes” shall include any additional federal and state income taxes or any income taxes or employee’s social security contributions arising in any jurisdiction outside the United States required to be withheld (or accounted for to appropriate revenue authorities by the Company) by reason of the exercise of the Options (which amount shall be calculated by the Company and provided to Executive promptly following delivery of the notice of exercise, and which shall be subject to later adjustment by the Company (with a corresponding payment by or refund to Executive) in the event that any such adjustment is required), and shall be due in full at the same time as delivery of 5 Only for designated executives.
Sample 1
Payment of Exercise Price and Applicable Taxes. Payment of the exercise price of any vested Options and any applicable taxes shall be a condition to the issuance of Shares upon exercise and may be made in cash or through any other methods approved by the Board in its sole discretion, which methods may include, solely in the Board’s discretion, the withholding or delivery of Shares with an aggregate fair market value equal to the aggregate exercise price and any applicable taxes. For purposes herein, any “applicable taxes” shall include any additional income taxes or any income taxes or employee’s social security contributions arising in any jurisdiction outside the country in which the Executive is employed required to be withheld (or accounted for to appropriate revenue authorities by the Company) by reason of the exercise of the Options (which amount shall be calculated by the Company and provided to Executive promptly following delivery of the notice of exercise, and which shall be subject to later adjustment by the Company (with a corresponding payment by or refund to Executive) in the event that any such adjustment is required), and shall be due in full at the same time as delivery of the notice of exercise (with the portion representing taxes or contributions due within two (2) business days of the date on which the Company informs Executive in writing of the amount of such items pursuant to the provisions of this Section 3.6). For income tax purposes, the Company intends to treat Options as exercised at the time the Company issues the applicable Shares to the Executive.
Sample 1

Related to Payment of Exercise Price and Applicable Taxes

  • Adjustments of Exercise Price and Number of Shares The Exercise Price and the number and kind of securities issuable upon exercise of each Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows:

  • Adjustments to Exercise Price and Number of Securities The Exercise Price and the number of Shares underlying the Purchase Warrant shall be subject to adjustment from time to time as hereinafter set forth:

  • Adjustments to Exercise Price and Number of Shares The Exercise Price and the number of Shares underlying this Purchase Warrant shall be subject to adjustment from time to time as hereinafter set forth:

  • 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.

  • Adjustments of Exercise Price and Number of Warrant Shares The number and kind of securities purchasable upon the exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time upon the happening of any of the following. In case the Company shall (i) pay a dividend in shares of Common Stock or make a distribution in shares of Common Stock to holders of its outstanding Common Stock, (ii) subdivide its outstanding shares of Common Stock into a greater number of shares, (iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, or (iv) issue any shares of its capital stock in a reclassification of the Common Stock, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior thereto shall be adjusted so that the Holder shall be entitled to receive the kind and number of Warrant Shares or other securities of the Company which it would have owned or have been entitled to receive had such Warrant been exercised in advance thereof. Upon each such adjustment of the kind and number of Warrant Shares or other securities of the Company which are purchasable hereunder, the Holder shall thereafter be entitled to purchase the number of Warrant Shares or other securities resulting from such adjustment at an Exercise Price per Warrant Share or other security obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares purchasable pursuant hereto immediately prior to such adjustment and dividing by the number of Warrant Shares or other securities of the Company resulting from such adjustment. An adjustment made pursuant to this paragraph shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

  • Adjustment of Exercise Price and Number of Shares The number and kind of Shares purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows:

  • Adjustment of Exercise Price and Shares After each adjustment of the Exercise Price pursuant to this Section 8, the number of shares of Common Stock purchasable on the exercise of each Warrant shall be the number derived by dividing such adjusted pertinent Exercise Price into the original pertinent Exercise Price. The pertinent Exercise Price shall be subject to adjustment as follows:

  • ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF WARRANT SHARES The Exercise Price and the number of Warrant Shares shall be adjusted from time to time as follows:

  • Minimum Adjustment of Exercise Price No adjustment of the Exercise Price shall be made in an amount of less than 1% of the Exercise Price in effect at the time such adjustment is otherwise required to be made, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which, together with any adjustments so carried forward, shall amount to not less than 1% of such Exercise Price.

  • Adjustment of Exercise Price and Number of Warrant Shares Issuable The Exercise Price and the number and kind of Warrant Shares purchasable upon the exercise of each Warrant shall be subject to adjustment from time to time as follows:

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