Stock Option Exercises Sample Clauses

Stock Option Exercises. This Policy does not apply to the exercise of a stock option acquired by a director, officer or employee pursuant to the Company’s incentive compensation plans or to the exercise of a tax withholding right pursuant to which a Covered Person has elected to have the Company withhold shares subject to an option to satisfy tax withholding requirements. This Policy does apply, however, to any sale of stock as part of a broker-assisted cashless exercise of an option or any other market sale for the purpose of generating the cash needed to pay the exercise price of an option.

Stock Option Exercises. Notwithstanding anything to the contrary contained in this Agreement, in the event that Employee’s employment terminates for any reason, the Company shall not, unless required by law or the express terms of the applicable plan or stock option contract relating thereto, impede or delay the exercise of any option to purchase shares of the Company’s common stock granted to Employee pursuant to any plan approved by the Company’s stockholders; it being understood that the stock options granted in connection with termination of Employee’s employment pursuant to Section 4 hereof shall not become exercisable except as provided in Section 4.

Stock Option Exercises. The Company hereby agrees that notwithstanding anything in your equity award agreements to the contrary: (i) you shall have until the earlier of December 31, 2023 and the end of the existing ten (10) year term of each stock option to exercise such stock option; and (ii) with respect to any unexercised stock option that is vested, or becomes vested pursuant to Section 2, upon your request, the Company will permit a “cashless exercise” of such stock option (i.e., the Company will withhold a number of shares of Company stock that would otherwise be issued to you in connection with the exercise of any such stock option with a fair market value equal to the sum of the (A) aggregate exercise price for such stock option and (B) your portion of any income and payroll taxes attributable to such exercise).

Stock Option Exercises. 26 ARTICLE V

Stock Option Exercises. If options are exercised on or before an ex-dividend date (for the Distribution) in advance of the Distribution Record Date or on the Distribution Record Date, the optionee will be paid the Distribution on the shares of TWX Common Stock issued to the optionee as a result of the exercise. This process will be followed whether the option exercise is done as an exercise and hold (“cash exercise”), exercise and same-day sale (“cashless exercise”) or exercise using already owned shares (“stock swap”).

Stock Option Exercises. Executive shall be entitled to exercise his stock options granted pursuant to the Company's "Stock Plans" (as defined in Section 2.02(b) of the Retention Agreement), to the extent vested, until the earlier of (a) the fifth (5th) anniversary of the Effective Date or (b) the last day of the term of such option. Any unvested stock options shall terminate automatically as of the last day of the Payment Period.