Payment of Purchase Price Upon Exercise. At the time of any exercise the purchase price of the shares as to which this option shall be exercised shall be paid in cash (or, subject to the conditions and limitations described in the Plan, by delivering shares of Common Stock of the Corporation or by delivering a combination of such Common Stock and cash equal to the price per share set forth in Paragraph 1 hereof) to the Corporation.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Sovereign Bancorp Inc), Nonqualified Stock Option Agreement (Sovereign Bancorp Inc)
Payment of Purchase Price Upon Exercise. At the time of any exercise of this Option, the purchase price of the shares as to which this option any such Option shall be exercised shall be paid in cash (or, subject full to the conditions and limitations described Company in cash or in Stock already owned by the PlanEmployee, by delivering shares of Common Stock of the Corporation or by delivering a combination of cash and Stock, or in such Common Stock and cash other consideration acceptable to the Board of Directors of the Company (including, to the extent permitted by applicable law, the relinquishment of a portion of the Options) as the Board deems appropriate, having a total fair market value equal to the price per share set forth in Paragraph 1 hereof) to the Corporationpurchase price.
Appears in 2 contracts
Samples: Key Employee Stock Option Plan Agreement (Wizzard Software Corp /Co), Stock Option Plan and Agreement (Wizzard Software Corp /Co)
Payment of Purchase Price Upon Exercise. At the time of any exercise of an Option, the purchase price of the shares as to which this option any such Option shall be exercised shall be paid in cash (or, subject full to the conditions and limitations described Company in cash or in Stock already owned by the PlanEmployee, by delivering shares of Common Stock of the Corporation or by delivering a combination of cash and Stock, or in such Common Stock and cash other consideration acceptable to the Board of Directors of the Company (including, to the extent permitted by applicable law, the relinquishment of a portion of the Option) as the Board deems appropriate, having a total fair market value equal to the price per share set forth in Paragraph 1 hereof) to the Corporationpurchase price.
Appears in 2 contracts
Samples: Stock Option Plan and Agreement (Union Drilling Inc), Stock Option Plan and Agreement (Union Drilling Inc)
Payment of Purchase Price Upon Exercise. At the time of any exercise exercise, the purchase price of the shares as to which this option shall be exercised shall be paid in cash (or, subject to the conditions and limitations described in the Plan, by delivering shares of Common Stock of the Corporation or by delivering a combination of such Common Stock shares and cash equal to the purchase price per share set forth in Paragraph 1 hereof) to the Corporation.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Sovereign Bancorp Inc)
Payment of Purchase Price Upon Exercise. At the time of any exercise the purchase price of the shares as to which this option Option shall be exercised shall be paid in cash (or, subject to the conditions and limitations described in the Plan, by delivering shares of Common Stock of the Corporation or by delivering a combination of such Common Stock and cash equal to the price per share set forth in Paragraph 1 hereof) to the Corporation.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Sovereign Bancorp Inc)
Payment of Purchase Price Upon Exercise. At the time of any exercise the purchase price of the shares as to which this option shall be exercised shall be paid in cash (or, subject to the conditions and limitations described in the Plan, by delivering shares of Common Stock of the Corporation or by delivering a combination of such Common Stock and cash equal to the price per share set forth in Paragraph 1 I hereof) to the Corporation.
Appears in 1 contract
Samples: Form of Stock Option Agreement (Peoples Financial Services Corp.)
Payment of Purchase Price Upon Exercise. At the time of any exercise exercise, the purchase price of the shares as to which this option shall be exercised shall be paid in cash (or, subject to the conditions and limitations described in the Plan, by delivering shares of Common Stock of the Corporation or by delivering a combination of such Common Stock and cash equal to the price per share set forth in Paragraph 1 hereof) to the Corporation.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Sovereign Bancorp Inc)
Payment of Purchase Price Upon Exercise. At the time of any exercise the purchase price of the shares as to which this the option shall be exercised shall be paid to the Company in cash (oror with Stock already owned by the Optionee having a total Fair Market Value, subject to the conditions and limitations described in as that terms is defined by the Plan, by delivering shares at the time of Common Stock of exercise equal to the Corporation purchase price, or by delivering a combination of such Common cash and Stock and cash having a total Fair Market Value, as so determined, equal to the price per share set forth in Paragraph 1 hereof) to the Corporationpurchase price.
Appears in 1 contract
Samples: Cn Bancorp Inc
Payment of Purchase Price Upon Exercise. At the time of any exercise exercise, the purchase price of the shares as to which this option shall be exercised shall be paid in cash (or, subject to the conditions and limitations described in Section 7(c) of the Plan, by delivering shares of Common Stock of the Corporation or by delivering a combination of such Common Stock shares and cash equal to the purchase price per share set forth in Paragraph 1 hereof) to the Corporation.
Appears in 1 contract
Samples: Form of Stock Option Agreement (Sovereign Bancorp Inc)