TIME AND MANNER OF EXERCISE. This Stock Option may be exercised, in whole or in part, by submitting to the Committee an exercise agreement in the form prescribed by the Committee and duly executed by Optionee (or, following Optionee’s Disability or death, his legal representative, estate or heirs, as the case may be). The amount of the exercise price may be submitted (a) by payment to the Company of the amount of such consideration by cash, wire transfer, certified check or bank draft; or (b) any other consideration deemed acceptable by the Committee, in its sole and absolute discretion. This Stock Option may be exercised with respect to whole Shares only.
Appears in 4 contracts
Samples: Stock Option Agreement (Forbes Energy Services Ltd.), Non Qualified Stock Option Agreement (Forbes Energy Services Ltd.), Non Qualified Stock Option Agreement (Tx Energy Services, LLC)
