Common use of Payment of Price Clause in Contracts

Payment of Price. Upon exercise of the Option, the Company shall deliver a certificate or certificates for such Common Shares to the specified person or persons at the specified time upon receipt of the full purchase price for such Common Shares by any method of payment authorized by the Plan.

Appears in 4 contracts

Samples: Stock Incentive Plan Incentive Stock Option Agreement (Avert Inc), Incentive Stock Option Agreement (Avert Inc), 1994 Stock Incentive Plan Incentive Stock Option Agreement (Avert Inc)

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Payment of Price. Upon exercise of the Option, the Company shall deliver a certificate or certificates for such the Common Shares purchased thereunder to the specified person or persons at the specified time upon receipt of the full purchase price for such Common Shares Shares: (i) by certified or bank cashier’s check, or (ii) by any other method of payment or combination thereof authorized by the Plan.

Appears in 3 contracts

Samples: Objective (Progressive Corp/Oh/), Non Qualified Stock Option Agreement (Progressive Corp/Oh/), Non Qualified Stock Option Agreement (Progressive Corp/Oh/)

Payment of Price. Upon exercise of the Option, the Company shall deliver a certificate or certificates for such the Common Shares purchased thereunder to the specified person or persons at the specified time upon receipt of the full purchase price for such Common Shares Shares: (a) by certified or bank cashier’s check, or (b) by any other method of payment or combination thereof authorized by the Plan.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Progressive Corp/Oh/), Non Qualified Stock Option Agreement (Progressive Corp/Oh/)

Payment of Price. Upon exercise of the Option, the Company shall deliver a certificate or certificates for such the Common Shares purchased thereunder to the specified person or persons at the specified time upon receipt of the full purchase price for such Common Shares Shares: (i) by certified or bank cashier's check, or (ii) by any other method of payment or combination thereof authorized by the Plan.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Progressive Corp/Oh/), Non Qualified Stock Option Agreement (Progressive Corp/Oh/)

Payment of Price. Upon exercise of the Option, the Company shall deliver a certificate or certificates for such the Common Shares purchased thereunder to the specified person or persons at the specified time upon receipt of the full purchase price for such Common Shares Shares: (a) by certified or bank cashier's check, or (b) by any other method of payment or combination thereof authorized by the Plan.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Progressive Corp/Oh/), Non Qualified Stock Option Agreement (Progressive Corp/Oh/)

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Payment of Price. Upon exercise of the Option, the Company shall deliver a certificate or certificates for such Common Shares to the specified person or persons at the specified time upon receipt of the full purchase price for such Common Shares Shares: (i) by certified or bank cashier's check, or (ii) by delivery of unrestricted Stock with a Fair Market Value equal to the Option Price, or (iii) by any other method of payment or combination thereof authorized by the Plan.

Appears in 1 contract

Samples: Directors' Stock Option Agreement (Progressive Corp/Oh/)

Payment of Price. Upon exercise of the Option, the Company shall deliver a certificate or certificates for such the Common Shares purchased thereunder to the specified person or persons at 2 the specified time upon receipt of the full purchase price for such Common Shares Shares: (a) by certified or bank cashier's check, or (b) by any other method of payment or combination thereof authorized by the Plan.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Progressive Corp/Oh/)

Payment of Price. Upon exercise of the Option, the Company shall deliver a certificate or certificates for such the Common Shares purchased thereunder to the specified person or persons at the specified time upon receipt of the full purchase price for such Common Shares Shares: (i) by certified or bank cashier's check, or (ii) by any other method of payment or combination thereof authorized by the Plan. 2 4.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Progressive Corp/Oh/)

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