Common use of Payment of Purchase Price Upon Exercise Clause in Contracts

Payment of Purchase Price Upon Exercise. The Option granted under this Agreement may be exercised in whole or in part by the Optionee's delivering or mailing to the Company at its principal office, or such other place as the Company may designate, written notice of exercise duly signed by the Optionee. Such exercise shall be effective upon (a) receipt of such written notice by the Company and (b) payment to the Company of the full purchase price in cash.

Appears in 3 contracts

Samples: Business Consulting Agreement (Insci Corp), Business Consulting Agreement (Insci Corp), Business Consulting Agreement (Insci Corp)

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Payment of Purchase Price Upon Exercise. The Option granted under this Agreement may be exercised in whole or in part by the Optionee's ’s delivering or mailing to the Company at its principal office, or such other place as the Company may designate, written notice of exercise in the form prescribed by the Committee and duly signed by the OptioneeOptionee (the “Exercise Notice”). Such exercise shall be effective upon (a) receipt of such written notice by the Company and (b) payment to the Company of the full purchase price in cash. The Optionee shall make appropriate arrangements for the payment of all applicable withholding taxes.

Appears in 1 contract

Samples: Option Agreement (Elec Communications Corp)

Payment of Purchase Price Upon Exercise. The Option granted under this --------------------------------------- Agreement may be exercised in whole or in part by the Optionee's delivering or mailing to the Company at its principal office, or such other place as the Company may designate, written notice of exercise duly signed by the Optionee. Such exercise shall be effective upon upon (a) receipt of such written notice by the Company and (b) payment cashless exercise based upon the price on the date of notice of intent to the Company of the full purchase price in cashexercise such options.

Appears in 1 contract

Samples: Option Agreement (Oak Tree Medical Systems Inc)

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Payment of Purchase Price Upon Exercise. The Option granted under this Agreement may be exercised in whole or in part by the Optionee's delivering or mailing to the Company at its principal office, or at such other place as the Company may designate, written notice of exercise duly signed by bu the Optionee. Such exercise shall be effective upon (a) receipt of such written notice by the Company and (b) payment to the Company of the full purchase price in cash.

Appears in 1 contract

Samples: Option Agreement (Onesource Technologies Inc)

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