Common use of Payment of Purchase Price; Delivery of Shares Clause in Contracts

Payment of Purchase Price; Delivery of Shares. The Company hereby sells to Optionee the Shares at a purchase price of $ per share for an aggregate purchase price of $ (the “Purchase Price”). Upon the execution of this Agreement, Optionee shall pay the Purchase Price and any applicable withholding tax to the Company in any other form of lawful consideration permitted under the Option Agreement. Upon the Company’s receipt of payment of the Purchase Price and any applicable withholding tax from Optionee, the Company shall cause the Shares to be issued and (a) a stock certificate or certificates representing the Shares to be registered in the name of Optionee or (b) held in book entry form. To facilitate compliance with and enforcement of this Agreement, if a stock certificate is issued, it shall be delivered to and held in custody by the Secretary of the Company and shall bear the restrictive legends required under Section 11 below. If the Shares are held in book entry form, then such entry will reflect that the Shares are subject to the restrictions of this Agreement. Optionee shall also, concurrently with the execution hereof, deliver to the Secretary of the Company two undated stock powers executed in blank. The Shares shall be subject to the rights and restrictions as specifically set forth in this Agreement.

Payment of Purchase Price; Delivery of Shares. The Company hereby sells to Optionee the Shares at a purchase price of [$ ] per share for an aggregate purchase price of $ (the “Purchase Price”). Upon the execution of this Agreement, Optionee shall pay the Purchase Price and any applicable withholding tax to the Company in any other form of lawful consideration permitted under the Option Agreement. Upon the Company’s receipt of payment of the Purchase Price and any applicable withholding tax from Optionee, the Company shall cause the Shares to be issued and (a) a stock certificate or certificates representing the Shares to be registered in the name of Optionee or (b) held in book entry form. To facilitate compliance with and enforcement of this Agreement, if a stock certificate is issued, it shall be delivered to and held in custody by the Secretary of the Company and shall bear the restrictive legends required under Section 11 below. If the Shares are held in book entry form, then such entry will reflect that the Shares are subject to the restrictions of this Agreement. Optionee shall also, concurrently with the execution hereof, deliver to the Secretary of the Company two undated stock powers executed in blank. The Shares shall be subject to the rights and restrictions as specifically set forth in this Agreement.