Payment of Price. (a) FORM OF PAYMENT: The option price shall be paid in the following manner: (i) in United States dollars in cash, or by check; (ii) subject to paragraph 7(b) below, through delivery of shares of the Company's Common Stock having a fair market value (as determined by the Committee) equal as of the date of exercise to the cash exercise price of options; (iii) by delivery of an assignment satisfactory in form and substance to the Company of a sufficient amount of the proceeds from the sale of the Common Stock and an instruction to the broker or selling agent to pay that amount to the Company; or (iv) at the discretion of the Committee, any combination of (i), (ii), and (iii) above.
Appears in 8 contracts
Samples: Non Qualified Stock Option Agreement (Investors Financial Services Corp), Non Qualified Stock Option Agreement (Investors Financial Services Corp), Non Qualified Stock Option Agreement (Investors Financial Services Corp)
