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

Procedure for Exercise; Rights as a Shareholder. (A) Any Option granted hereunder 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 Agreement. (B) An Option may not be exercised for a fraction of a Share. (C) An Option shall be deemed exercised when the Company receives: (1) written notice of exercise (in accordance with the Award Agreement) from the person entitled to exercise the Option, and (2) 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. (3) Shares issued upon exercise of an Option shall be issued in the name of the Grantee or, if requested by the Grantee, in the name of the Grantee and his or her spouse. Until the stock certificate evidencing such Shares is issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued) such 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 stock certificate is issued, except as provided in Section 11 of the Plan. (4) Exercising an Option in any manner shall decrease the number of Shares thereafter 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. (A) Any Option granted hereunder shall will be exercisable according to the terms of the this Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Agreement. (B) . An Option may not be exercised for a fraction of a Share. (C) . An Option shall will be deemed exercised when the Company receives: : (1i) written notice of exercise (in accordance with such form as the Award AgreementAdministrator may specify from time to time) from the person entitled to exercise the Option, and and (2ii) full payment for the Shares with respect to which the Option is exercisedexercised (together with applicable tax withholding). Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Award Agreement and the this Plan. (3) . Shares issued upon exercise of an Option shall will be issued in the name of the Grantee Participant or, if requested by the GranteeParticipant, in the name of the Grantee Participant and his or her spouse. Until the stock certificate evidencing such Shares is are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a shareholder shall will exist with respect to the Optioned StockShares subject to an Option, notwithstanding the exercise of the Option. The Company shall will issue (or cause to be issued) such stock certificate 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 stock certificate is Shares are issued, except as provided in Section 11 of the Plan. (4) 4.05. Exercising an Option in any manner shall will decrease the number of Shares thereafter available, both for purposes of the this 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. (A) Any Option granted ----------------------------------------------- hereunder 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. (B) . An Option may not be exercised for a fraction of a Share. (C) . An Option shall be deemed exercised when the Company receives: : (1i) written or electronic notice of exercise (in accordance with the Award Option Agreement) from the person entitled to exercise the Option, and and (2ii) 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. (3) . Shares issued upon exercise of an Option shall be issued in the name of the Grantee Optionee or, if requested by the GranteeOptionee, in the name of the Grantee Optionee and his or her spouse. Until the stock certificate evidencing such Shares is are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued) such stock certificate 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 stock certificate is Shares are issued, except as provided in Section 11 12 of the Plan. (4) . Exercising an Option in any manner shall decrease the number of Shares thereafter 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.