Common use of Previously Acquired Shares Clause in Contracts

Previously Acquired Shares. Delivery of previously acquired Shares in full or partial payment for the exercise of the Option will be subject to the following conditions: (a) The Shares tendered must be in good delivery form; (b) The Fair Market Value of the Shares tendered, together with the amount of cash, if any, tendered must equal or exceed the exercise price of the Option; (c) Any Shares remaining after satisfying the payment for the Option will be reissued in the same manner as the Shares tendered; and (d) No fractional Shares will be issued and cash will not be paid to the Participant for any fractional Share value not used to satisfy the Option exercise price.

Previously Acquired Shares. Delivery of previously acquired Shares in full or partial payment for the exercise of the Option will be subject to the following conditions: (a) The Shares tendered must be in good delivery form; (b) The Fair Market Value of the Shares tendered, together with the amount of cash, if any, tendered must equal or exceed the exercise price of the Option; (c) Any Shares remaining after satisfying the payment for the Option will be reissued in the same manner as the Shares tendered; and (d) No fractional Shares will be issued and cash will not be paid to the Participant for any fractional Share value not used to satisfy the Option exercise price.

Previously Acquired Shares. Delivery of previously acquired Shares in full or partial payment for the exercise of of’ the Option will be subject to the following conditions: (a) The Shares tendered must be in good delivery form; (b) The Fair Market Value of the Shares tendered, together with the amount of cash, if any, tendered must equal or exceed the exercise price of the Option; (c) Any Shares remaining after satisfying the payment for the Option will be reissued in the same manner as the Shares tendered; and (d) No fractional Shares will be issued and cash will not be paid to the Participant for any fractional Share value not used to satisfy the Option exercise price.

Previously Acquired Shares. Delivery of previously acquired Shares in full or partial payment for the exercise of of' the Option will be subject to the following conditions: (a) The Shares tendered must be in good delivery form; (b) The Fair Market Value of the Shares tendered, together with the amount of cash, if any, tendered must equal or exceed the exercise price of the Option; (c) Any Shares remaining after satisfying the payment for the Option will be reissued in the same manner as the Shares tendered; and (d) No fractional Shares will be issued and cash will not be paid to the Participant for any fractional Share value not used to satisfy the Option exercise price.