Shares Subject to Exercise. The Option shall be immediately exercisable -------------------------- and shall remain exercisable for the entire Term specified in paragraph 2 of this Agreement. Payment of the Exercise Price of the Option Shares being purchased, may be made by a cashless exercise procedure whereby the Option Shares issued upon exercise of the Option will be sold with the Grantee receiving the difference between the Exercise Price and the sale price, in cash, and the Company receiving the Exercise Price for the Option Shares, in cash.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Reality Wireless Networks Inc), Non Qualified Stock Option Agreement (Reality Wireless Networks Inc)
Shares Subject to Exercise. The Option shall be immediately exercisable -------------------------- and shall remain exercisable for the entire Term specified in paragraph 2 of this Agreement. Payment of the Exercise Price of the Option Shares being purchased, may be made by a cashless exercise procedure whereby the Option Shares issued upon exercise of the Option will be sold with the Grantee receiving the difference between the Exercise Price and the sale price, in cash, and the Company receiving the Exercise Price for the Option Shares, in cash.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Reality Wireless Networks Inc)
Shares Subject to Exercise. The Option shall be immediately exercisable -------------------------- and shall remain exercisable for the entire Term specified in paragraph Section 2 of this Agreement. Payment of the Exercise Price of the Option Shares being purchased, may be made by a cashless exercise procedure whereby the Option Shares issued upon exercise of the Option will be sold with the Grantee receiving the difference between the Exercise Price and the sale price, in cash, and the Company receiving the Exercise Price for the Option Shares, in cash.
Appears in 1 contract
