Manner of Exercise definition

Manner of Exercise. The Options or any portions of the Options shall be exercised only to the extent vested and only in accordance to the provisions of this Agreement. The person exercising the Options shall give to the Company a written notice (“Exercise Notice”) that shall (a) state the number of Shares with respect to which the Options are being exercised; and (b) specify a date (other than Saturday, Sunday or legal holiday) not more than ten days after the date of such written notice, as the date on which the Shares will be purchased. Such tender and conveyance shall take place at the principal office of the Company during ordinary business hours, or at such other hour and place agreed upon by the Company and the person or persons exercising the Option. On the date specified in such written notice, the Company shall accept payment for the Shares being purchased in cash, by bank or certified check, by wire transfer, or by such other means as may be approved by the Company, and shall deliver to the person or persons exercising the Options in exchange therefore an appropriate certificate or certificates for fully paid non-assessable shares or undertake to deliver certificates within a reasonable period of time. In the event of any failure to take up and pay for the number of Shares specified in the Exercise Notice on the date set forth therein (or on the extended date as provided above), the right to exercise the Options shall terminate with respect to such number of Shares, but shall continue with respect to the remaining Shares covered by the Options and not yet acquired pursuant thereto. Notwithstanding any provisions herein to the contrary, in lieu of exercising the Options as hereinabove permitted, the Subscriber may elect to exercise the Options or a portion thereof and to pay for the Shares issuable upon such exercise by way of cashless exercise by electing such a cashless exercise in the Exercise Notice, in which event the Company shall issue to the Subscriber that number of Shares computed using the following formula:

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Manner of Exercise. Participant may exercise an Option on any business day of the Corporation within the Exercise Period by delivery to the Secretary of the Corporation at the Corporation's principal office, either by mail, facsimile, or in person, of a properly completed notice of exercise, on a form approved by the Secretary, together with full payment of the aggregate Exercise Price and the Federal, state and local tax withholding obligation as provided in Sections 2.3 and 6.1 hereof. The date such form is received by the Secretary shall be the date of exercise. Such form shall specify the Participant, Participant's Social Security number, the Award Date, the number of the Options being exercised, the aggregate Exercise Price, and the manner in which the Participant intends to satisfy the resultant tax withholding obligation. The minimum number of Options that may be exercised at any one time shall be 100 or, if less, the aggregate number of outstanding Options then credited to Participant and exercisable. In the event the Option is being exercised pursuant to Section 2.1 by any person other than Participant, such person shall also submit at the time of exercise satisfactory proof of the right of such person to exercise the Option.

Manner of Exercise. You may exercise this Option only if it has not been forfeited or has not otherwise expired, and only to the extent this Option is vested. To exercise this Option, you must comply with such exercise and notice procedures as the Administrator may establish from time to time, including, without limitation, payment of the exercise price and any applicable tax withholding amounts. Unless otherwise determined by the Administrator, the payment of the exercise price and applicable tax withholding amounts may be made at your election (i) in cash or its equivalent (e.g., by check), (ii) in Shares having a Fair Market Value equal to the aggregate exercise price for the Shares being purchased and satisfying such other requirements as may be imposed by the Administrator (provided that such Shares have been held by the Participant for no less than six months or such other period, if any, as established from time to time by the Administrator to avoid adverse accounting treatment under generally accepted accounting principles), (iii) partly in cash and partly in such Shares, or (iv) by having the Company withhold from the Shares otherwise issuable upon exercise a whole number of shares with a Fair Market Value equal to the exercise price and applicable tax withholding amounts and issuing the net number of remaining Shares to you; provided that, if the whole number of Shares does not exactly equal the exercise price and applicable tax withholding amounts, then the Company will withhold the whole number of Shares necessary to cover such amounts and will issue a check to you equal to the Fair Market Value of any fractional Share not needed. A properly completed notice of stock option exercise (or such other notice as is prescribed) will become effective upon receipt of the notice and any required payment by the Company (or its designee); provided that the Company may suspend exercise of the Option pending its determination of whether your employment will be or could have been terminated for Cause and, if such a determination is made, your notice of stock option exercise (or such other notice as is prescribed) will automatically be rescinded. If, following your death, your beneficiary or heir, or such other person or persons as may acquire your rights under this Option by will or by the laws of descent and distribution, wishes to exercise this Option, such person must contact the Company and prove to the Company’s satisfaction that such person has the right and is entitled t...

Examples of Manner of Exercise in a sentence

Manner of Exercise: You may exercise this Option only if it has not been forfeited or has not otherwise expired, and only to the extent this Option is vested.
Manner of Exercise: You may exercise this Option only if it has not been forfeited or has not otherwise expired, and only to the extent this Option has vested.
Section 6, Manner of Exercise, of the Agreement is hereby amended to add the following clause (iii) at the end of the first sentence of Section 6, Manner of Exercise: “or (iii) by a Net Exercise.
Manner of Exercise of Conversion Privilege.....................................................34 10.04.
INDIA Terms and Conditions Manner of Exercise The following provision supplements Section 4.3 of the Agreement: Due to legal restrictions in India, the Optionee may not exercise his or her Option using a cashless sell-to-cover exercise, whereby the Optionee directs a broker to sell some (but not all) of the Shares subject to the exercised Option and deliver to the Company the amount of the sale proceeds to pay the Exercise Price and any Tax-Related Items.
Manner of Exercise of Exchange Privilege.......................................................63 INDENTURE dated as of ___________________, 2002, between FIRST SHARES BANCORP, INC., an Indiana corporation (hereinafter called the "Company") having its principal office at 996 South State Road 135, Greenwood, Indiana 46143, and THE HUNTINGTON ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ (▇▇reinafter called the "Trustee").
Notwithstanding paragraph 3(c) above, optionees employed by or providing services to CyberCash India ("CCIPL Optionees") may exercise the vested portion of their option, in whole or part, only in the manner described on the attachment labeled "Manner of Exercise for CyberCash India Optionees".
Manner of Exercise ........................................................................
Subject to the terms and conditions set forth herein, each Warrant shall be exercisable at any time or from time to time on or after the Closing Date and shall expire at 5:00 P.M., Eastern Time, on August 23, 2006, (the "Expiration Date"), subject to earlier expiration and cancellation in accordance with the terms hereof Manner of Exercise.
CANADA Terms and Conditions Manner of Exercise The following provision supplements Section 4.3 of the Agreement: The Optionee is prohibited from paying the Exercise Price or any Tax-Related Items with Shares that have been previously owned by the Optionee or by withholding the Exercise Price or any Tax-Related Items in Shares to be issued at exercise.

More Definitions of Manner of Exercise

Manner of Exercise. The Optionee shall give written notice to the Company specifying the number of full shares to be purchased accompanied by payment in cash, by certified check, upon approval by the Board, his promissory note (secured by collateral other than the shares acquired), or other shares of the Company's Common Stock, for the full purchase price. No share shall be issued until full payment therefor has been made.

Manner of Exercise. To exercise an Option in whole or in part, the Participant must deliver to the Grantor or its duly appointed agent: 9.2.1. an option certificate covering at least all the Shares over which the Option is then to be exercised;

Manner of Exercise. As further described in the Plan, a Participant entitled to exercise the Option or any portion thereof may do so by delivering written notice of exercise in person or addressed and mailed, certified mail, postage-prepaid, to the Company at its executive office in Alpharetta, Georgia or such other address as the Company may, from time to time, specify, except as otherwise limited hereby. Such written notice shall specify the number of Shares with respect to which the Option is being exercised, the purchase price of each Share, the aggregate purchase price for all Shares being purchased under said notice, and the date (which shall not be more than ninety (90) days after the notice) upon which the Shares shall be purchased. Such notice shall be signed by such Participant (or other person authorized to exercise such Options) and shall be accompanied by payment, whether in cash, by check, by shares of Common Stock (whether issuable in connection with the exercise of the Option if permitted by the Committee in its sole discretion following prior written request by the Participant or previously acquired by the Participant if acquired more than six months prior to the date of exercise of the Option), or any combination thereof, as elected by the Participant subject to the limitations stated above, in full for such aggregate purchase price. The Committee's decision to allow payments to be made in the form of Shares

Manner of Exercise. You may exercise your Option only to the extent vested and only if it has not terminated. To exercise your Option, you must comply with all procedures required by the Administrator. You may exercise your Option in whole or in part, but no exercise shall be for fewer than 25 Shares or all of the Shares subject to the Option, if fewer. If someone else wants to exercise your Option after your death, that person must contact the Company and prove to the Company’s satisfaction that he or she is entitled to do so. Your ability to exercise your Option may be restricted by the Company if required by applicable law. Transferability of Shares: By accepting this Agreement, you agree not to sell any Shares acquired under this Agreement at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. Transferability of Award: You may not transfer or assign this Agreement for any reason, other than under your will or as required by intestate laws. Any attempted transfer or assignment will be null and void.