Common use of Procedure for Exercise; Rights as a Shareholder Clause in Contracts

Procedure for Exercise; Rights as a Shareholder. Any Option granted hereunder will be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share. An Option will be deemed exercised when the Corporation receives: (i) written or electronic notice of exercise (in accordance with the Award Agreement) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised. Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Award Agreement and the Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant or, if requested by the Participant, in the name of the Participant and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Corporation or of a duly authorized transfer agent of the Corporation), no right to vote or receive dividends or any other rights as a shareholder will exist with respect to the Awarded Stock, notwithstanding the exercise of the Option. The Corporation will issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Articles 4 and 13 of the Plan or the applicable Award Agreement. Exercising an Option in any manner will decrease the number of Shares thereafter available for sale under the Option, by the number of Shares as to which the Option is exercised.

Procedure for Exercise; Rights as a Shareholder. Any Option granted hereunder will be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share. An Option will be deemed exercised when the Corporation receives: (i) written or electronic notice of exercise (in accordance with the Award Agreement) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised. Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Award Agreement and the Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant or, if requested by the Participant, in the name of the Participant and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Corporation or of a duly authorized transfer agent of the Corporation), no right to vote or receive dividends or any other rights as a shareholder will exist with respect to the Awarded Stock, notwithstanding the exercise of the Option. The Corporation will issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Articles 4 and 13 of the Plan or the applicable Award Agreement. Exercising an Option in any manner will decrease the number of Shares thereafter available for sale purchase under the Option, by the number of Shares as to which the Option is exercised.

Procedure for Exercise; Rights as a Shareholder. Any Option granted hereunder will shall be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Option Agreement. An Option may not be exercised for a fraction of a Share. An Option will shall be deemed exercised when the Corporation Company receives: (i) written or electronic notice of exercise (in accordance with the Award Option Agreement) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised. Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Award Option Agreement and the Plan. Shares issued upon exercise of an Option will shall be issued in the name of the Participant or, if requested by the Participant, in the name of the Participant and his or her spouseOptionee. Until the stock certificate evidencing such Shares are is issued (as evidenced by the appropriate entry on the books of the Corporation Company or of a duly authorized transfer agent of the CorporationCompany), no right rights to vote or receive dividends or any other rights as a shareholder will shall exist with respect to the Awarded Optioned Stock, notwithstanding the exercise of the Option. The Corporation will Company shall issue (or cause to be issued) such Shares stock certificate promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are stock certificate is issued, except as provided in Articles 4 and 13 Section 12 of the Plan or the applicable Award AgreementPlan. Exercising an Option in any manner will shall decrease the number of Shares thereafter available available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised.

Procedure for Exercise; Rights as a Shareholder. Any Option granted hereunder will shall be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Option Agreement. An Option may not be exercised for a fraction of a Share. An Option will shall be deemed exercised when the Corporation Company receives: (i) written or electronic notice of exercise (in accordance with the Award Option Agreement) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised. Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Award Option Agreement and the Plan. Shares issued upon exercise of an Option will shall be issued in the name of the Participant Optionee or, if requested by the ParticipantOptionee, in the name of the Participant Optionee and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Corporation Company or of a duly authorized transfer agent of the CorporationCompany), no right to vote or receive dividends or any other rights as a shareholder will shall exist with respect to the Awarded Optioned Stock, notwithstanding the exercise of the Option. The Corporation will Company shall issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Articles 4 and 13 Section 12 of the Plan or the applicable Award Agreement. Exercising an Option in any manner will decrease the number of Shares thereafter available for sale under the Option, by the number of Shares as to which the Option is exercisedPlan.

Procedure for Exercise; Rights as a Shareholder. Any Option granted ----------------------------------------------- hereunder will shall be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Option Agreement. An Option may not be exercised for a fraction of a Share. An Option will shall be deemed exercised when the Corporation Company receives: (i) written or electronic notice of exercise (in accordance with the Award Option Agreement) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised. Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Award Option Agreement and the Plan. Shares issued upon exercise of an Option will shall be issued in the name of the Participant Optionee or, if requested by the ParticipantOptionee, in the name of the Participant Optionee and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Corporation Company or of a duly authorized transfer agent of the CorporationCompany), no right to vote or receive dividends or any other rights as a shareholder will shall exist with respect to the Awarded Optioned Stock, notwithstanding the exercise of the Option. The Corporation will Company shall issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Articles 4 and 13 Section 12 of the Plan or the applicable Award AgreementPlan. Exercising an Option in any manner will shall decrease the number of Shares thereafter available available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised.