Surrender of Stock. All or any part of the Purchase Price may be paid by surrendering, or attesting to the ownership of, Shares that are already owned by the Optionee. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value on the date when this option is exercised. The Optionee shall not surrender, or attest to the ownership of, Shares in payment of the Purchase Price if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this option for financial reporting purposes.
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Samples: Employment Agreement (Midway Gold Corp), Stock Option Agreement (I2 Technologies Inc), Stock Option Agreement (Siebel Systems Inc)
Surrender of Stock. All or any part of the Purchase Price may be paid by surrendering, or attesting to the ownership of, Shares that are already owned by the Optionee. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value on the date when this option the Option is exercised. The Optionee shall not surrender, or attest to the ownership of, Shares in payment of the Purchase Price purchase price if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this option the Option for financial reporting purposes.
Appears in 3 contracts
Samples: Incentive Stock Option Agreement (Rotech Healthcare Inc), Stock Option Agreement (Rotech Healthcare Inc), Stock Option Agreement (Rotech Healthcare Inc)
Surrender of Stock. All or any part of the Purchase Price may be paid by surrendering, or attesting to the ownership of, Shares that are already owned by the Optionee. Such Those Shares shall must be surrendered to the Company in good form for transfer and shall will be valued at their Fair Market Value on the date when this option is exercised. The Optionee shall may not surrender, or attest to the ownership of, Shares in payment of the Purchase Price if such that action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this option for financial reporting purposes.
Appears in 2 contracts
Samples: Stock Option Agreement (DDS Technologies Usa Inc), Stock Option Agreement (DDS Technologies Usa Inc)
Surrender of Stock. All or any part of the Purchase Price may be paid by surrendering, or attesting to the ownership of, Shares that are already owned by the Optionee. Such Those Shares shall must be surrendered to the Company in good form for transfer and shall will be valued at their Fair Market Value on the date when this option is exercised. The Optionee shall may not surrender, or attest to the ownership of, Shares in payment of the Purchase Price if such that action would cause the Company company to recognize compensation expense (or additional compensation expense) with respect to this option for financial reporting purposes.
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Surrender of Stock. All or any part of the Purchase Price may be paid by surrendering, or attesting to the ownership of, Shares of Common Stock that are already owned by the Optionee. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value on the date when this option Option is exercised. The Optionee shall not surrender, or attest to the ownership of, Shares in payment of the Purchase Price if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this option Option for financial reporting purposes.
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