Stock Delivery. The Company may, in its discretion, provide the Optionholder with the election to deliver to the Company, at the time the Option is exercised, one or more shares of Common Stock previously acquired by the Optionholder (other than pursuant to the transaction triggering the Taxes) with an aggregate fair market value equal to the percentage (not to exceed 100 percent) of the Taxes incurred in connection with such Option exercise.
Appears in 4 contracts
Samples: Nonqualified Stock Option Agreement (Main Street & Main Inc), Stock Option Agreement (Main Street & Main Inc), Stock Option Agreement (Main Street & Main Inc)
Stock Delivery. The Company may, in its discretion, provide the Optionholder with the election to deliver to the CompanyCorporation, at the time this option is exercised or the Option is exercisedshares vest, one or more shares of Common Stock previously acquired by the Optionholder Optionee (other than pursuant to in connection with the transaction option exercise triggering the Taxes) with an aggregate fair market value Fair Market Value equal to the percentage of the Taxes (not to exceed 100 percentone hundred percent (100%)) of designated by the Taxes incurred in connection with such Option exerciseOptionee.
Appears in 1 contract
