Payment Under NSO Clause Samples
The "Payment Under NSO" clause defines the terms and conditions under which payments are made in connection with Non-Statutory Stock Options (NSOs). Typically, this clause outlines when and how an option holder must pay the exercise price to acquire shares, such as through cash, check, or other approved methods, and may specify deadlines or procedures for payment upon exercising the option. Its core practical function is to ensure clarity and consistency in the payment process for NSOs, thereby reducing the risk of disputes or misunderstandings between the company and the option holder.
Payment Under NSO. You may exercise the NSO in whole or in part, but only with respect to whole shares of Company Stock. You may make payment of the NSO price in cash, in shares of Company Stock that you already own, or in any combination thereof. If you deliver shares of Company Stock to make any such payment, the shares shall be valued at the Fair Market Value (as defined in the Plan) thereof on the date you exercise the ▇▇▇.
Payment Under NSO. Payment of the NSO price may be made in cash, in shares of the Company's Common Stock, or in any combination thereof. If shares of the Company's Common Stock are delivered to make any such payment, the shares shall be valued at the fair market value (as defined below) thereof on the date of exercise of the NSO. For purposes of this Agreement, "fair market value" means, as of any given date, the closing price of the Company's Common Stock on such date as quoted in the NYSE Composite Transactions Report in the Wall Street Journal. If there were no sales reported as of a particular date, fair market value will be computed as of the last date preceding such date on which a sale was reported.
Payment Under NSO. You may exercise the vested portion of the NSO in whole or in part, but only with respect to whole shares of Common Stock. You may make payment of the NSO price in cash, in shares of Common Stock that you already own, in any combination of cash and shares of Common Stock, or by net exercise. If you deliver shares of Common Stock to make any such payment or make payment by net exercise, the shares shall be valued at the Fair Market Value (as defined in the Plan) thereof on the date you exercise the NS▇.