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) have been owned by 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 Participant in cash); (iv) subject to any conditions or limitations established by the Administrator, by the Company’s retention of the number of Shares otherwise issuable upon exercise of the Option at least equal to the exercise price (it being agreed that any excess of the Fair Market Value of the retained Shares over the aggregate exercise price shall be refunded to Participant in cash); (v) consideration received by the Company under a broker-assisted sale and remittance program acceptable to the Administrator; or (vi) any combination of the foregoing methods of payment.

Appears in 6 contracts

Samples: Nonqualified Stock Option Agreement (Teleflex Inc), Nonqualified Stock Option Agreement (Monopar Therapeutics), Incentive Stock Option Agreement (Monopar Therapeutics)

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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) have been owned by 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 Participant in cash); (iv) subject to any conditions or limitations established by the Administrator, by the Company’s retention of the number of Shares otherwise issuable upon exercise of the Option at least equal to the exercise price (it being agreed that any excess of the Fair Market Value of the retained Shares over the aggregate exercise price shall be refunded to Participant in cash); (v) consideration received by the Company under a broker-assisted sale and remittance program acceptable to the AdministratorAdministrator and in compliance with Applicable Law; (vi) such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Law; or (vivii) any combination of the foregoing methods of payment.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Energy Focus, Inc/De), Incentive Stock Option Agreement (Energy Focus, Inc/De), Nonqualified Stock Option Agreement (Energy Focus, Inc/De)

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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) 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) A. have been owned by Participant for more than six months on the date of surrender (unless this condition is waived by the Administrator); and (B) 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 Participant in cash); (; iv) . subject to any conditions or limitations established by the Administrator, by the Company’s retention of the number of Shares otherwise issuable upon exercise of the Option at least equal to the exercise price (it being agreed that any excess of the Fair Market Value of the retained Shares over the aggregate exercise price shall be refunded to Participant in cash); (v) consideration received by the Company under a broker-assisted sale and remittance program acceptable to the Administrator; or (vi) any combination of the foregoing methods of payment.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Energy Focus, Inc/De)

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