Common use of Property or Stock Clause in Contracts

Property or Stock. At the sole discretion of the Committee, all or part of the exercise price and any withholding taxes may be paid by the surrender of Mature Shares or other property acceptable to the Committee in good form for transfer. Such property or Shares must have a Market Price (as determined by the Committee) on the date of exercise of this Option which, together with any amount paid in another form, is equal to the aggregate exercise price.

Appears in 10 contracts

Samples: Incentive Stock Option Agreement (Biovest International Inc), Incentive Stock Option Agreement (Biovest International Inc), Incentive Stock Option Agreement (Biovest International Inc)

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Property or Stock. At the sole discretion of the Committee, all or part of the exercise price and any withholding taxes may be paid by the surrender of Mature Shares or other property acceptable to the Committee in good form for transfer. Such property or Shares must have a Market Price (as determined by the Committee) on the date of exercise of this Option which, together with any amount paid in another form, is equal to the aggregate exercise price.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Nyer Medical Group Inc)

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