Common use of Surrender of Stock Clause in Contracts

Surrender of Stock. By surrendering, or attesting to the ownership of, shares of Common Stock that are already owned by the Participant free and clear of any restriction or limitation, unless the Committee specifically agrees in writing to accept such shares of Common Stock subject to such restriction or limitation. Such shares of Common Stock will be surrendered to the Company in good form for transfer and will be valued by the Company at their Fair Market Value on the date of the applicable exercise of the Stock Options, or to the extent applicable, on the date the Withholding Taxes are to be determined.

Surrender of Stock. By surrendering, or attesting to the ownership of, shares surrendering of Common Stock that are already Shares then owned by the Participant free and clear of any restriction or limitation, unless Optionee satisfying such other requirements imposed by the Committee specifically agrees in writing to accept such shares of Common Stock subject to such restriction or limitationCommittee. Such shares of Common Stock will Shares shall be surrendered to the Company in good form for transfer and will shall be valued by the Company at their Fair Market Value on the date of the applicable exercise of the Stock Options, or to the extent applicable, on the date the Withholding Taxes are to be determinedthis Option.

Surrender of Stock. By surrendering, or attesting to the ownership of, shares of Common Stock that are already owned by the Participant Director free and clear of any restriction or limitation, unless the Committee specifically agrees in writing to accept such shares of Common Stock subject to such restriction or limitation. Such shares of Common Stock will be surrendered to the Company in good form for transfer and will be valued by the Company at their Fair Market Value on the date of the applicable exercise of the Stock Options, or to the extent applicable, on the date the Withholding Taxes are to be determined.