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Common use of Payment Upon Exercise Clause in Contracts

Payment Upon Exercise. The Option Price upon exercise of any Option Shares shall be payable to the Company in full either: (i) in cash or its equivalent; (ii) by tendering previously acquired Stock that has been held for at least six months (or such longer period to avoid a charge to earnings for financial reporting purposes) and having an aggregate Fair Market Value at the time of exercise equal to the total Option Price, or (iii) a combination of Sections 3(b)(i) and (ii) hereof. In addition, payment of the Option Price may be payable by one or more of the following methods either upon written consent from the Committee or if one or more of the following methods will not result in a charge to earnings for financial reporting purposes: (iv) by withholding Stock that otherwise would be acquired on exercise having an aggregate Fair Market Value at the time of exercise equal to the total Option Price, (v) by tendering other Awards payable under the Plan, or (vi) by cashless exercise through delivery of irrevocable instructions to a broker to promptly deliver to the Company the amount of proceeds from a sale of shares having a Fair Market Value equal to the purchase price. (vii) Any combination of Sections 3(b)(i)-(vi) upon written consent of the Committee.

Appears in 5 contracts

Samples: Employment Agreement (Zebra Technologies Corp/De), Employment Agreement (Zebra Technologies Corp), Non Qualified Stock Option Agreement (Zebra Technologies Corp/De)

Payment Upon Exercise. The Option Price upon exercise of any Option Shares shall be payable to the Company in full either: (i) in cash or its equivalent; (ii) by tendering previously acquired Stock that has been held for at least six months (or such longer period to avoid a charge to earnings for financial reporting purposes) and having an aggregate Fair Market Value at the time of exercise equal to the total Option Price, ; or (iii) a combination of Sections 3(b)(i) and (ii) hereof. In addition, payment of the Option Price may be payable by one or more of the following methods either upon written consent from the Committee or if one or more of the following methods will not result in a charge to earnings for financial reporting purposes: (iv) by withholding Stock that otherwise would be acquired on exercise having an aggregate Fair Market Value at the time of exercise equal to the total Option Price,; (v) by tendering other Awards payable under the Plan, or; (vi) by cashless exercise through delivery of irrevocable instructions to a broker to promptly deliver to the Company the amount of proceeds from a sale of shares having a Fair Market Value equal to the purchase price.total Option Price; or (vii) Any any combination of Sections 3(b)(i)-(vi) upon written consent of the Committee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Zebra Technologies Corp/De)

Payment Upon Exercise. The Option Price upon exercise of any Option Shares shall be payable to the Company in full either: (i) in cash or its equivalent; (ii) by tendering previously acquired Stock that has been held for at least six months (or such longer period to avoid a charge to earnings for financial reporting purposes) and having an aggregate Fair Market Value at the time of exercise equal to the total Option Price, or (iii) a combination of Sections 3(b)(i) and (ii) hereof. In addition, payment of the Option Price may be payable by one or more of the following methods either upon written consent from the Committee or if one or more of the following methods will not result in a charge to earnings for financial reporting purposes: (iv) by withholding Stock that otherwise would be acquired on exercise having an aggregate Fair Market Value at the time of exercise equal to the total Option Price,; (v) by tendering other Awards payable under the Plan, or; (vi) by cashless exercise through delivery of irrevocable instructions to a broker to promptly deliver to the Company the amount of proceeds from a sale of shares having a Fair Market Value equal to the purchase price.total Option Price; or (vii) Any any combination of Sections 3(b)(i)-(vi) upon written consent of the Committee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Zebra Technologies Corp/De)

Payment Upon Exercise. The Option Price upon exercise of any Option Shares shall be payable to the Company in full either: (i) in cash or its equivalent; (ii) by tendering previously acquired Common Stock that has been held for at least six months (or such longer period to avoid a charge to earnings for financial reporting purposes) and having an aggregate Fair Market Value at the time of exercise equal to the total Option Price, or (iii) a combination of Sections 3(b)(i) and (ii) hereof. In addition, payment of the Option Price may be payable by one or more of the following methods either upon written consent from the Committee or if one or more of the following methods will not result in a charge to earnings for financial reporting purposes: (iv) by withholding Common Stock that otherwise would be acquired on exercise having an aggregate Fair Market Value at the time of exercise equal to the total Option Price,; (v) by tendering other Awards payable under the Plan, or; (vi) by cashless exercise through delivery of irrevocable instructions to a broker to promptly deliver to the Company the amount of proceeds from a sale of shares having a Fair Market Value equal to the purchase price.; or (vii) Any any combination of Sections 3(b)(i)-(vi) upon written consent of the Committee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Zebra Technologies Corp/De)