Common use of Payment of Price Clause in Contracts

Payment of Price. The full exercise price for the portion of the Option being exercised shall be paid to the Company as provided below: (i) in cash; (ii) by check or wire transfer (denominated in U.S. Dollars); (iii) subject to any conditions or limitations established by the Administrator, other Shares which (A) in the case of Shares acquired from the Company (whether upon the exercise of an Option or otherwise), have been owned by the Participant for more than six months on the date of surrender (unless this condition is waived by the Administrator), and (B) have a Fair Market Value on the date of surrender equal to or greater than the aggregate exercise price of the Shares as to which said Option shall be exercised (it being agreed that the excess of the Fair Market Value over the aggregate exercise price shall be refunded to the Awardee in cash); (iv) consideration received by the Company under a broker-assisted sale and remittance program acceptable to the Administrator; or (v) any combination of the foregoing methods of payment.

Payment of Price. The full exercise price for the portion of the Option being exercised shall be paid to the Company as provided below: (i) in cash; (ii) by check or wire transfer (denominated in U.S. Dollars); (iii) subject to any conditions or limitations established by the Administrator, other Shares which (A) in the case of Shares acquired from the Company (whether upon the exercise of an Option or otherwise), have been owned by the Participant for more than six months on the date of surrender (unless this condition is waived by the Administrator), and (B) have a Fair Market Value on the date of surrender equal to or greater than the aggregate exercise price of the Shares as to which said Option shall be exercised (it being agreed that the excess of the Fair Market Value over the aggregate exercise price shall be refunded to the Awardee Awardee, with any fractional Share being repaid in cash); (iv) consideration received by the Company under a broker-assisted sale and remittance program acceptable to the Administrator; or (v) any combination of the foregoing methods of payment.