TERM AND MANNER OF EXERCISE Sample Clauses

TERM AND MANNER OF EXERCISE. 2.1 (a) The Option shall be exercisable by Optionee at any time during the period commencing and terminating (the “Option Period”) only by delivering to Optionee written notice of exercise to Optionor in the manner set forth in Section 14.9 hereof prior to the expiration of the Option Period.
Sample 1
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TERM AND MANNER OF EXERCISE. The term of each Award requiring exercise shall not exceed ten (10) years from the date of grant (five (5) years, in the case of an ISO granted to an Employee described in Section 422(b)(6) of the Code); provided, however, that except in the case of any ISO, the term of any Stock-based Award requiring exercise will be automatically extended if it would otherwise expire on a date when trading in Stock is prohibited by law or by Company policy, but only until the 30th day after expiration of the prohibition. Unless the Administrator expressly provides otherwise, (a) an Award requiring exercise by the holder will not be deemed to have been exercised until the Administrator receives notice of exercise (in form acceptable to the Administrator) by the appropriate person and accompanied by any payment required under the Award; and (b) if the Award is exercised by any person other than the Participant, the Administrator may require satisfactory evidence that the person exercising the Award has the right to do so.
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TERM AND MANNER OF EXERCISE. 2.1 (a) The Option shall be exercisable by Optionee at any time during the initial period commencing April 1, 1999 and terminating at 12:00 midnight Cripple Creek time on March 31, 2000 (the "Initial Option Period") and provided the Option is extended as set forth in Section 2.1(b) below, at any time during the extended period commencing April 1, 2000 and terminating at 12:00 midnight Cripple Creek time on March 31, 2004 (the "Extended Option Period"), by written notice delivered by the Optionee to Optionor in the manner set forth in Section 19.8 hereof prior to the expiration of the Initial Option Period or Extended Option Period, as applicable. If Optionee fails to exercise the Option on or before the last date applicable for such exercise specified above, the Option and this Agreement shall be null and void and of no further force or effect.
Sample 1
TERM AND MANNER OF EXERCISE. 2.1 (a) The Option shall be exercisable by Optionee at any time during the period commencing on the date of this Agreement and terminating at 11:59 p.m. on September 12, 2024 (the “Option Period”) only by delivering to Optionee written notice of exercise to Optionor in the manner set forth in Section 9.9 hereof prior to the expiration of the Option Period;
Sample 1
TERM AND MANNER OF EXERCISE. 2.1 (a) The Option shall be exercisable by Optionee at any time during the initial period commencing April 1, 1999 and terminating at 12:00 midnight Cripple Creek time on March 31, 2000 (the "Initial Option Period") and provided the Option is extended as set forth in Section 2.1(b) below, at any time during the extended period commencing April 1, 2000 and terminating at 12:00 midnight Cripple Creek time on March 31, 2001 (the "Extended Option Period"), by written notice delivered by the Optionee to Optionor in the manner set forth in Section
Sample 1
TERM AND MANNER OF EXERCISE. Subject to Section 10, CNI may exercise the Option at any time during the period beginning one day after the first anniversary of the Completion Date (the "Option Commencement Date") and ending on the tenth anniversary of the Option Commencement Date by delivering a written notice of exercise to BBTC. If not previously exercised by CNI or terminated pursuant to Section 10, the Option shall expire at 5:00 p.m., Eastern Time, on the tenth anniversary of the Option Commencement Date.
Sample 1
TERM AND MANNER OF EXERCISE. LNS may exercise the Option at any time during the period commencing on the date of this Agreement and terminating at 11:59 p.m. on May 1, 2012 (the “Option Period”) by giving written notice thereof to all, but not less than all, of the Letter Agreement Holders at the business address of each such Letter Agreement Holder on file with LNS.
Sample 1
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Related to TERM AND MANNER OF EXERCISE

  • TIME AND MANNER OF EXERCISE From and after October 5, 2004, and during and until January 3, 2005, the Grantee shall have the right to purchase from the Corporation 500,000 shares of the Corporation’s $.001 par value common stock (“Option”). The Grantee shall exercise the Option by delivery to the Corporation of a notice of exercise accompanied by a certified or cashier's check in payment of the Option purchase price. Promptly upon receipt of such exercise and such check, the Corporation will deliver or cause to be delivered to Grantee stock certificate(s) representing the number of shares of the Corporation’s $.001 par value common stock purchased in accordance with the provisions of this Agreement and, during Grantee's lifetime, duly registered in the name of the Grantee and, at the Grantee's election, his or her spouse.

  • Manner of Exercise (a) The Optionee may exercise this Stock Option only in the following manner: from time to time on or prior to the Expiration Date of this Stock Option, the Optionee may give written notice to the Administrator of his or her election to purchase some or all of the Option Shares purchasable at the time of such notice. This notice shall specify the number of Option Shares to be purchased. Payment of the purchase price for the Option Shares may be made by one or more of the following methods: (i) in cash, by certified or bank check or other instrument acceptable to the Administrator; (ii) through the delivery (or attestation to the ownership) of shares of Stock that have been purchased by the Optionee on the open market or that are beneficially owned by the Optionee and are not then subject to any restrictions under any Company plan and that otherwise satisfy any holding periods as may be required by the Administrator; (iii) by the Optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company to pay the option purchase price, provided that in the event the Optionee chooses to pay the option purchase price as so provided, the Optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure; (iv) by a “net exercise” arrangement pursuant to which the Company will reduce the number of shares of Stock issuable upon exercise by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price; or (v) a combination of (i), (ii), (iii) and (iv) above. Payment instruments will be received subject to collection. The transfer to the Optionee on the records of the Company or of the transfer agent of the Option Shares will be contingent upon (i) the Company’s receipt from the Optionee of the full purchase price for the Option Shares, as set forth above, (ii) the fulfillment of any other requirements contained herein or in the Plan or in any other agreement or provision of laws, and (iii) the receipt by the Company of any agreement, statement or other evidence that the Company may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise of Stock Options under the Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and regulations. In the event the Optionee chooses to pay the purchase price by previously-owned shares of Stock through the attestation method, the number of shares of Stock transferred to the Optionee upon the exercise of the Stock Option shall be net of the Shares attested to.

  • Manner of Exercise of Option (a) To the extent that the right to exercise the Option has accrued and is in effect, the Option may be exercised in full or in part by giving written notice to the Company stating the number of Shares as to which the Option is being exercised and accompanied by payment in full for such Shares. No partial exercise may be made for less than one hundred (100) full Shares of Common Stock. Payment shall be made in accordance with the terms of the Plan. Upon such exercise, delivery of a certificate for paid-up, non- assessable Shares shall be made at the principal office of the Company to the person exercising the Option, not less than thirty (30) and not more than ninety (90) days from the date of receipt of the notice by the Company.

  • Manner of Exercise and Payment 5.1 Subject to the terms and conditions of this Agreement and the Plan, the Option may be exercised by delivery of written notice to the Company, at its principal executive office. Such notice shall state that the Optionee is electing to exercise the Option and the number of Shares in respect of which the Option is being exercised and shall be signed by the person or persons exercising the Option. If requested by the Committee, such person or persons shall (i) deliver this Agreement to the Secretary of the Company who shall endorse thereon a notation of such exercise and (ii) provide satisfactory proof as to the right of such person or persons to exercise the Option.

  • Manner of Use Tenant shall not cause or permit the Property to be used in any way which constitutes a violation of any law, ordinance, or governmental regulation or order, which annoys or interferes with the rights of tenants of the Project, or which constitutes a nuisance or waste. Tenant shall obtain and pay for all permits, including a Certificate of Occupancy, required for Tenant's occupancy of the Property and shall promptly take all actions necessary to comply with all applicable statutes, ordinances, rules, regulations, orders and requirements regulating the use by Tenant of the Property, including the Occupational Safety and Health Act.

  • Manner of Exercising Option (a) In order to exercise this option with respect to all or any part of the Option Shares for which this option is at the time exercisable, Optionee (or any other person or persons exercising the option) must take the following actions:

  • Commencement of Exercisability (a) Subject to Sections 3.1(b), 3.1(c) and 3.3, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice.

  • Period of Exercisability Section 3.1 - Commencement of Exercisability

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