Procedures for Exercise of Option Sample Clauses

Procedures for Exercise of Option. This Option shall be exercisable in accordance with the following procedures. Upon the election of the Optionee to exercise this Option (in whole or in part) on prior to the Expiration Date, the Optionee (or his estate) shall deliver to the Company written notice specifying the number of Option Shares which he is electing to purchase and a date, not less than 5 nor more than 15 days after the date of such notice (an "Exercise Date"), upon which such Shares shall be purchased and payment therefor shall be made. A stock certificate(s) representing the number of Option Shares the Optionee has so elected to purchase shall be delivered to him by the Company on the Exercise Date against delivery (on the Exercise Date) to the Company of cash or certified or bank cashier's check payable to the order of the Company, in an amount equal to (A) the number of Option Shares specified in such notice multiplied by (B) five cents ($0.05), together with payment, by cash or certified or bank cashier's check payable to the order of the Company, of such amount as the Company deems necessary to satisfy its liability (if any) to withhold federal, state or local income or other taxes incurred by reason of the exercise or the transfer of Shares thereupon.
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Procedures for Exercise of Option. This Option shall be exercisable in accordance with the following procedures. Upon the election of the Optionee to exercise this Option (in whole or in part) on prior to the Expiration Date, the Optionee (or his estate) shall deliver to the Company written notice specifying the number of Option Shares which he is electing to purchase and a date, not less than 5 nor more than 15 days after the date of such notice (an "Exercise Date"), upon which such Shares shall be purchased and payment therefor shall be made. A stock certificate(s) representing the number of Option Shares the Optionee has so elected to purchase shall be delivered to him by the Company on the Exercise Date against delivery (on the Exercise Date) to the Company of cash or certified or bank cashier's check payable to the order of the Company, in an amount equal to (A) the number of Option Shares specified in such notice multiplied by (B) Eighty Seven and one half cents ($0.875), together with payment, by cash or certified or bank cashier's check payable to the order of the Company, of such amount as the Company deems necessary to satisfy its liability (if any) to withhold federal, state or local income or other taxes incurred by reason of the exercise or the transfer of Shares thereupon.
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Procedures for Exercise of Option. Each Option shall be --------------------------------- deemed exercised as to any Optionee when (i) the Corporation has received written notice of such exercise from the Optionee, (ii) full payment of the aggregate option exercise price of the shares of Stock as to which the Option is exercised has been made to the Corporation, and (iii) arrangements that are satisfactory to the Corporation in its sole discretion have been made for the Optionee's payment to the Corporation of the amount, if any, that is necessary for the Corporation to withhold in accordance with applicable Federal or state tax withholding requirements. The option exercise price of any Stock purchased shall be paid in cash, by certified or official bank check or by money order; provided, however, that to the extent that an Option is being exercised in connection with a sale of Stock pursuant to ARTICLE TWO or ARTICLE THREE hereof at a price that exceeds the Option exercise price, no payment of the exercise price shall be required and, instead, appropriate arrangements shall be made for the Corporation's payment (without duplication) to the Optionee of the positive difference (net of required withholding) between (x) the purchase price payable under ARTICLE TWO or ARTICLE THREE with respect to the Stock subject to the Option, and (y) the aggregate exercise price with respect to such Option. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date of such payment, except as expressly provided in Section 8.6 hereof.
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Procedures for Exercise of Option. If PTFI elects to exercise the Property Purchase Option, PTFI shall do so by giving written notice of such election to PJP during the Option Period (the "Property Purchase Exercise Notice"; the date of the Property Purchase Exercise Notice being the "Property Purchase Exercise Notice Date"), which Property Purchase Exercise Notice shall specify (a) the date on which PTFI desires for the closing of the sale and transfer of the Property by PJP to PTFI to be consummated, which date shall not be later than one hundred eighty (180) Days from the Property Purchase Exercise Notice Date and (b) PTFI's calculation of the Purchase Option Purchase Price as defined and further described in Section 2.05.
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Procedures for Exercise of Option. If PTFI elects to exercise the Shareholder Share Purchase Option, PTFI shall do so by giving written notice of such election to each Shareholder during the Option Period (the "Shareholder Share Purchase Exercise Notice"; the date of the Shareholder Share Purchase Exercise Notice being the "Shareholder Share Purchase Exercise Notice Date"), which Shareholder Share Purchase Exercise Notice shall specify (a) the date on which PTFI desires for the closing of the sale and transfer of the Shares and Subordinated Loans, if any, by the Shareholder to PTFI to be consummated, which date shall not be later than one hundred eighty (180) Days from the Shareholder Share Purchase Exercise Notice Date and (b) PTFI's calculation of the Shareholder Share Purchase Option Price as defined and further described in Section 6.05.
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Procedures for Exercise of Option. 3 SECTION 2.05 PROPERTY PURCHASE OPTION PRICE...................3 SECTION 2.06 CONSENT REQUIRED.................................4 SECTION 2.07 FAIRNESS OF TAX GROSS-UP.........................5
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Procedures for Exercise of Option. 12 SECTION 6.05
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Procedures for Exercise of Option. The establishment of procedures for an Optionee (i) to exercise an Option by payment of cash or any other property acceptable to the Committee, (ii) to have withheld from the total number of shares of Common Stock to be acquired upon the exercise of an Option that number of shares having a Fair Market Value, which, together with such cash as shall be paid in respect of fractional shares, shall equal the option exercise price of the total number of shares of Common Stock to be acquired, (iii) to exercise all or a portion of an Option by delivering that number of shares of Common Stock already owned by him having a Fair Market Value which shall equal the Option exercise price for the portion exercised and, in cases where an Option is not exercised in its entirety, to permit the Optionee to deliver the shares of Common Stock thus acquired by him in payment of shares of Common Stock to be received pursuant to the exercise of additional portions of such Option, the effect of which shall be that an Optionee can in sequence utilize such newly acquired shares of Common Stock in payment of the exercise price of the entire Option, together with such cash as shall be paid in respect of fractional shares and (iv) to engage in any form of "cashless" exercise.
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Procedures for Exercise of Option 
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Related to Procedures for Exercise of Option

  • Procedures for Exercise The manner of exercising the Stock Option herein granted shall be by written notice to the Secretary of the Company at the time the Stock Option, or part thereof, is to be exercised, and in any event prior to the expiration of the Stock Option. Such notice shall state the election to exercise the Stock Option, the number of shares of Stock to be purchased upon exercise, the form of payment to be used, and shall be signed by the person so exercising the Stock Option.

  • Procedure for Exercise of Warrant Holder may exercise this Warrant by delivering the following to the principal office of the Company in accordance with Section 5.1 hereof: (i) a duly executed Notice of Exercise in substantially the form attached as Schedule A, (ii) payment of the Warrant Price then in effect for each of the Shares being purchased, as designated in the Notice of Exercise, and (iii) this Warrant. Payment of the Warrant Price may be in cash, certified or official bank check payable to the order of the Company, or wire transfer of funds to the Company’s account (or any combination of any of the foregoing) in the amount of the Warrant Price for each share being purchased.

  • Instructions for Exercise of Warrant To exercise the Warrants evidenced hereby, the holder must, by 5:00 P.M., New York City time, on the specified Exercise Date, deliver to the Company, a certified or official bank check, in each case payable to the Company, in an amount equal to the Exercise Price in full for the Warrants exercised. In addition, the Warrant holder must provide the information required below and deliver this Warrant Certificate to the Company at the address set forth below. The Warrant Certificate and this Election to Purchase must be received by the Company by 5:00 P.M., New York time, on the specified Exercise Date. ELECTION TO PURCHASE TO BE EXECUTED IF WARRANT HOLDER DESIRES TO EXERCISE THE WARRANTS EVIDENCED HEREBY The undersigned hereby irrevocably elects to exercise, on , (the “Exercise Date”), Warrants, evidenced by this Warrant Certificate, to purchase, of the shares of Common Stock (each a “Share”) of Homeowners Choice, Inc., a Florida corporation (the “Company”), and represents that, on or before the Exercise Date, such holder has tendered payment for such Shares by certified or official bank check to the order of the Company, in the amount of $ in accordance with the terms hereof. The undersigned requests that said number of Shares be in fully registered form, registered in such names and delivered, all as specified in accordance with the instructions set forth below. If said number of Shares is less than all of the Shares purchasable hereunder, the undersigned requests that a new Warrant Certificate evidencing the remaining balance of the Warrants evidenced hereby be issued and delivered to the holder of the Warrant Certificate unless otherwise specified in the instructions below. Dated: , Name: (Please Print) (Insert Social Security or Other Identifying Number of Holder) Address:

  • Procedure for Exercise (a) The Option may be exercised with respect to Vested Shares, from time to time, in whole or in part (but for the purchase of whole shares only), by delivery of a written notice (the "Exercise Notice") from the Optionee to the Company, which Exercise Notice shall:

  • Time for Exercise Optionee may elect to exercise the options at the times and for the number of shares indicated as follows:

  • Steps for Exercise of Equity Interest Purchase Option Subject to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s or the Designee’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased by Party A or the Designee from Party B (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests or the date for transfer of the Optioned Interests.

  • Steps for Exercise of the Equity Interest Purchase Option Subject to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s or the Designee’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased by Party A or the Designee from Party B (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests or the date for the transfer of the Optioned Interests.

  • Method of Exercise of Option (a) Subject to the terms and conditions of this Agreement, the Option shall be exercisable by notice in the manner set forth in Exhibit A hereto (the "NOTICE") and provision for payment to the Corporation in accordance with the procedure prescribed herein. Each such Notice shall:

  • Method of Exercise of Options Optionee shall notify the Company by written notice sent by certified mail, return receipt requested, addressed to the Company's principal office, or by hand delivery to such office, as to the number of Shares which Optionee desires to purchase under the options, which written notice shall be accompanied by Optionee's check payable to the order of the Company for the full option price of such Shares. As soon as practicable after the receipt of such written notice, the Company shall, at its principal office, tender to Optionee a certificate or certificates issued in Optionee's name evidencing the Shares purchased by Optionee hereunder.

  • Standards for Exercising Remedies To the extent that applicable law imposes duties on Secured Party to exercise remedies in a commercially reasonable manner, Grantor acknowledges and agrees that it is not commercially unreasonable for Secured Party (a) to incur expenses deemed necessary by Secured Party to prepare Collateral for disposition or otherwise to complete raw material or work-in-process into finished goods or other finished products for disposition, (b) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or third party consents for the collection or disposition of Collateral to be collected or disposed of, (c) to fail to exercise collection remedies against Account Grantors or other Persons obligated on Collateral or to remove liens or encumbrances on or any adverse claims against Collateral, (d) to exercise collection remedies against Account Grantors and other Persons obligated on Collateral directly or through the use of collection agencies and other collection specialists, (e) to advertise dispositions of Collateral through publications or media of general circulation, whether or not the Collateral is of a specialized nature, (f) to contact other Persons, whether or not in the same business as Grantor, for expressions of interest in acquiring all or any portion of the Collateral, (g) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the collateral is of a specialized nature, (h) to dispose of Collateral by utilizing internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets, (i) to dispose of assets in wholesale rather than retail markets, (j) to disclaim disposition warranties, including any warranties of title, (k) to purchase insurance or credit enhancements to insure Secured Party against risks of loss, collection or disposition of Collateral or to provide to Secured Party a guaranteed return from the collection or disposition of Collateral, or (l) to the extent deemed appropriate by Secured Party, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist Secured Party in the collection or disposition of any of the Collateral. Grantor acknowledges that the purpose of this section is to provide non-exhaustive indications of what actions or omissions by Secured Party would not be commercially unreasonable in Secured Party's exercise of remedies against the Collateral and that other actions or omissions by Secured Party shall not be deemed commercially unreasonable solely on account of not being indicated in this Section. Without limitation upon the foregoing, nothing contained in this Section shall be construed to grant any rights to Grantor or to impose any duties on Secured Party that would not have been granted or imposed by this Security Agreement or by applicable law in the absence of this Section.

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