Payment of Exercise Price and Tax Withholding. Permissible methods for payment of the Exercise Price and for satisfaction of tax withholding obligations upon exercise of the Option shall be as described in Sections 6.6 and Article 14 of the Plan, or, if the Plan is amended, successor provisions. In addition to the methods of exercise permitted by Section 6.6 of the Plan, the Optionee may exercise the Option by way of a broker-assisted cashless exercise in a manner consistent with the Federal Reserve Board's Regulation T, unless the Committee determines that such exercise method is prohibited by law.
Appears in 3 contracts
Samples: Non Qualified Stock Option Award Agreement (Itt Industries Inc), Non Qualified Stock Option Award Agreement (Itt Industries Inc), Non Qualified Stock Option Award Agreement (Itt Industries Inc)
Payment of Exercise Price and Tax Withholding. Permissible methods for payment of the Exercise Price and for satisfaction of tax withholding obligations upon exercise of the Option shall be as described in Sections 6.6 and Article 14 of the Plan, or, if the Plan is amended, successor provisions. In addition to the methods of exercise permitted by Section 6.6 of the Plan, the Optionee may exercise the Option by way of a broker-assisted cashless exercise in a manner consistent with the Federal Reserve Board's ’s Regulation T, unless the Committee determines that such exercise method is prohibited by law.
Appears in 2 contracts
Samples: Employment Agreement (Itt Industries Inc), Employment Agreement (Itt Corp)
Payment of Exercise Price and Tax Withholding. Permissible methods for payment of the Exercise Price and for satisfaction of tax withholding obligations upon exercise of the Option shall be as described in Sections Section 6.6 and Article 14 of the Plan, or, if the Plan is amended, successor provisions. In addition to the methods of exercise permitted by Section 6.6 of the Plan, the Optionee may exercise the Option by way of a broker-assisted cashless exercise in a manner consistent with the Federal Reserve Board's Regulation T, unless the Committee determines that such exercise method is prohibited by law.
Appears in 2 contracts
Samples: Non Qualified Stock Option Award Agreement (Itt Industries Inc), Employee Option Agreement (Itt Industries Inc)
Payment of Exercise Price and Tax Withholding. Permissible methods for payment of the Exercise Price and for satisfaction of tax withholding obligations upon exercise of the Option shall be as described in Sections Section 6.6 and Article 14 of the Plan, or, if the Plan is amended, successor provisions. In addition to the methods of exercise permitted by Section 6.6 of the Plan, the Optionee may exercise the Option by way of a broker-assisted cashless exercise in a manner consistent with the Federal Reserve Board's ’s Regulation T, unless the Committee determines that such exercise method is prohibited by law.
Appears in 2 contracts
Samples: Non Qualified Stock Option Award Agreement (Itt Corp), Non Qualified Stock Option Award Agreement (Itt Corp)