Stock Payment. The Company, in its sole discretion, may allow Employee to use Common Stock of the Company owned by him to make any required payments by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value.
Appears in 3 contracts
Samples: Stock Option Agreement (Kirlin Holding Corp), 10 Stock Option Agreement (Gbi Capital Management Corp), Stock Option Agreement (Ladenburg Thalmann Financial Services Inc)
Stock Payment. The Company, in its sole discretion, may allow Employee to use Common Stock of the Company owned by him to make any required payments by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market ValueValue (as defined above).
Appears in 1 contract
Samples: Stock Option Agreement (Ladenburg Thalmann Financial Services Inc)
