Common use of PURCHASE PRICE OF THE OPTION Clause in Contracts

PURCHASE PRICE OF THE OPTION. The purchase price of the Shares subject to the Option is $12.80 per Share which is equal to the Fair Market Value per Share as of the date of this Agreement. You must pay this purchase price by personal or bank cashier’s check at the time the Option is exercised; provided, however, that, with the approval of the Committee, you may exercise the Option by (i) tendering to the Company certificates representing whole Shares owned by you duly endorsed for transfer, (ii), surrendering a sufficient portion of the vested Option based on the difference between the exercise price of the Option and the Fair Market Value at the time of exercise of the Shares subject to the Option, or (iii) any combination of (i) and/or (ii) and cash, together having a Fair Market Value at the time of exercise equal to the exercise price of the Shares with respect to which the Option is exercised. For this purpose, any Shares so tendered or withheld shall be deemed to have a Fair Market Value as determined under the Plan. To exercise the Option, you must send written notice to the Committee at the address provided in SECTION 11 of this Agreement. Such notice shall: (1) state the number of Shares being purchased pursuant to the Option; (2) be signed by the person or persons exercising the Option; and (3) be accompanied by payment of the full purchase price of such Shares (as provided above). Certificates evidencing Shares of the Company shall not be delivered to you until an appropriate notice has been delivered and payment in full has been made and received by the Company.

PURCHASE PRICE OF THE OPTION. The purchase price of the Shares subject to the Option is $12.80 __ per Share which is equal to the Fair Market Value per Share as of defined in the date of this AgreementPlan. You must pay this purchase price by personal (i) tender of cash, (ii) delivery of Shares already owned by you, (iii) broker-assisted “cashless exercise” in which you deliver a notice of exercise together with irrevocable instructions to a broker acceptable to the Company to sell Shares (or bank cashier’s check at the time a sufficient portion of such shares) acquired upon exercise of the Option is exercised; providedand remit to the Company a sufficient portion of the sale proceeds to pay the total purchase price and any withholding tax obligation resulting from such exercise, however, that, with (iv) subject to the approval of the Committee, you may exercise the Option any other manner permitted by (i) tendering to the Company certificates representing whole Shares owned by you duly endorsed for transfer, (ii), surrendering a sufficient portion of the vested Option based on the difference between the exercise price of the Option and the Fair Market Value at the time of exercise of the Shares subject to the Optionlaw, or (iiiv) any combination of (i) and/or (ii) and cash, together having a Fair Market Value at the time of exercise equal to the exercise price of the Shares with respect to which the Option is exercisedforegoing. For this purpose, any Shares so tendered or withheld shall be deemed to have a Fair Market Value as determined under the Plan. To exercise the Option, you must send written notice to the Committee Chief Financial Officer at the address provided in SECTION 11 of this Agreement. Such notice shall: shall (1) state the number of Shares being purchased pursuant to the Option; Option (2) be signed by the person or persons exercising the Option; Option and (3) be accompanied by payment of the full purchase price of such Shares (as provided above). Certificates or book entry shares evidencing Shares of the Company shall not be delivered to you until an appropriate notice has been delivered and payment in full has been made and received by the Companymade.

PURCHASE PRICE OF THE OPTION. The purchase price of the Shares subject to the Option is $12.80 per Share which is equal to the Fair Market Value per Share as of the date of this Agreement. You must pay this purchase price by personal or bank cashier’s 's check at the time the Option is exercised; provided, however, that, with the approval of the Committee, you may exercise the Option by (i) tendering to the Company certificates representing whole Shares owned by you duly endorsed for transfer, or (ii), ) surrendering a sufficient portion of the vested Option based on the difference between the exercise price of the Option and the Fair Market Value at the time of exercise of the Shares subject to the Option, or (iii) any combination of (i) and/or (ii) and cash, together having a Fair Market Value at the time of exercise equal to the exercise price of the Shares with respect to which the Option is exercised. For this purpose, any Shares so tendered or withheld shall be deemed to have a Fair Market Value as determined under the Plan. To exercise the Option, you must send written notice to the Committee at the address provided in SECTION 11 of this Agreement. Such notice shall: shall (1) state the number of Shares being purchased pursuant to the Option; (2) be signed by the person or persons exercising the Option; and (3) be accompanied by payment of the full purchase price of such Shares (as provided above). Certificates evidencing Shares of the Company shall not be delivered to you until an appropriate notice has been delivered and payment in full has been made and received by the Companymade.

PURCHASE PRICE OF THE OPTION. The purchase price of the Shares subject to the Option is [ $12.80 FMV] per Share which is equal to the Fair Market Value per Share as of the date close of this Agreementtrading on the business day immediately preceding the Date of Grant. You must pay this purchase price by personal or bank cashier’s check at the time the Option is exercised; provided, however, that, with the approval of the Committee, you may exercise the Option by (i) tendering to the Company certificates representing whole Shares owned by you duly endorsed for transfer, or (ii), ) surrendering a sufficient portion of the vested Option based on the difference between the exercise price of the Option and the Fair Market Value at the time of exercise of the Shares subject to the Option, or (iii) any combination of (i) and/or (ii) and cash, together having a Fair Market Value at the time of exercise equal to the exercise price of the Shares with respect to which the Option is exercised. For this purpose, any Shares so tendered or withheld shall be deemed to have a Fair Market Value as determined under the Plan. To exercise the Option, you must send written notice to the Committee at the address provided in SECTION 11 of this Agreement. Such notice shall: shall (1) state the number of Shares being purchased pursuant to the Option; Option (2) be signed by the person or persons exercising the Option; Option and (3) be accompanied by payment of the full purchase price of such Shares (as provided above). Certificates evidencing Shares of the Company shall not be delivered to you until an appropriate notice has been delivered and payment in full has been made and received by the Companymade.

PURCHASE PRICE OF THE OPTION. The purchase price of the Shares subject to the Option is $12.80 $ per Share which is equal to the Fair Market Value per Share as of the date Date of this AgreementGrant. You must pay this purchase price by personal or bank cashier’s check at the time the Option is exercised; provided, however, that, with the approval of the Committee, you may exercise the Option by (i) tendering to the Company certificates representing whole Shares owned by you duly endorsed for transfer, or (ii), ) surrendering a sufficient portion of the vested Option based on the difference between the exercise price of the Option and the Fair Market Value at the time of exercise of the Shares subject to the Option, or (iii) any combination of (i) and/or (ii) and cash, together having a Fair Market Value at the time of exercise equal to the exercise price of the Shares with respect to which the Option is exercised. For this purpose, any Shares so tendered or withheld shall be deemed to have a Fair Market Value as determined under the Plan. To exercise the Option, you must send written notice to the Committee at the address provided in SECTION 11 of this Agreement. Such notice shall: shall (1) state the number of Shares being purchased pursuant to the Option; (2) be signed by the person or persons exercising the Option; and (3) be accompanied by payment of the full purchase price of such Shares (as provided above). Certificates evidencing Shares of the Company shall not be delivered to you until an appropriate notice has been delivered and payment in full has been made and received by the Companymade.

PURCHASE PRICE OF THE OPTION. The purchase price of the Shares subject to the Option is $12.80 31.00 per Share which is equal to the Fair Market Value per Share as of the date Date of this AgreementGrant. You must pay this purchase price by personal or bank cashier’s 's check at the time the Option is exercised; provided, however, that, with the approval of the Committee, you may exercise the Option by (i) tendering to the Company certificates representing whole Shares owned by you duly endorsed for transfer, or (ii), ) surrendering a sufficient portion of the vested Option based on the difference between the exercise price of the Option and the Fair Market Value at the time of exercise of the Shares subject to the Option, or (iii) any combination of (i) and/or (ii) and cash, together having a Fair Market Value at the time of exercise equal to the exercise price of the Shares with respect to which the Option is exercised. For this purpose, any Shares so tendered or withheld shall be deemed to have a Fair Market Value as determined under the Plan. To exercise the Option, you must send written notice to the Committee at the address provided in SECTION 11 of this Agreement. Such notice shall: shall (1) state the number of Shares being purchased pursuant to the Option; (2) be signed by the person or persons exercising the Option; and (3) be accompanied by payment of the full purchase price of such Shares (as provided above). Certificates evidencing Shares of the Company shall not be delivered to you until an appropriate notice has been delivered and payment in full has been made and received by the Companymade.

PURCHASE PRICE OF THE OPTION. The purchase price of the Shares subject to the Option is $12.80 46.83 per Share which is equal to the Fair Market Value per Share as of the date Date of this AgreementGrant. You must pay this purchase price by personal or bank cashier’s 's check at the time the Option is exercised; provided, however, that, with the approval of the Committee, you may exercise the Option by (i) tendering to the Company certificates representing whole Shares owned by you duly endorsed for transfer, or (ii), ) surrendering a sufficient portion of the vested Option based on the difference between the exercise price of the Option and the Fair Market Value at the time of exercise of the Shares subject to the Option, or (iii) any combination of (i) and/or (ii) and cash, together having a Fair Market Value at the time of exercise equal to the exercise price of the Shares with respect to which the Option is exercised. For this purpose, any Shares so tendered or withheld shall be deemed to have a Fair Market Value as determined under the Plan. To exercise the Option, you must send written notice to the Committee at the address provided in SECTION 11 of this Agreement. Such notice shall: shall (1) state the number of Shares being purchased pursuant to the Option; (2) be signed by the person or persons exercising the Option; and (3) be accompanied by payment of the full purchase price of such Shares (as provided above). Certificates evidencing Shares of the Company shall not be delivered to you until an appropriate notice has been delivered and payment in full has been made and received by the Companymade.

PURCHASE PRICE OF THE OPTION. The purchase price of the Shares subject to the Option is $12.80 per Share which is equal to the Fair Market Value per Share as of the date of this Agreement. You must pay this purchase price by personal or bank cashier’s 's check at the time the Option is exercised; provided, however, that, with the approval of the Committee, you may exercise the Option by (i) tendering to the Company certificates representing whole Shares owned by you duly endorsed for transfer, (ii), surrendering a sufficient portion of the vested Option based on the difference between the exercise price of the Option and the Fair Market Value at the time of exercise of the Shares subject to the Option, or (iii) any combination of (i) and/or (ii) and cash, together having a Fair Market Value at the time of exercise equal to the exercise price of the Shares with respect to which the Option is exercised. For this purpose, any Shares so tendered or withheld shall be deemed to have a Fair Market Value as determined under the Plan. To exercise the Option, you must send written notice to the Committee at the address provided in SECTION 11 of this Agreement. Such notice shall: (1) state the number of Shares being purchased pursuant to the Option; (2) be signed by the person or persons exercising the Option; and (3) be accompanied by payment of the full purchase price of such Shares (as provided above). Certificates evidencing Shares of the Company shall not be delivered to you until an appropriate notice has been delivered and payment in full has been made and received by the Company.