Examples of Partial Exercise in a sentence
Section 4.2 - Partial Exercise Any exercisable portion of the Option or the entire Option, if then wholly exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof becomes unexercisable under the Plan; provided, however, that each partial exercise shall be for not less than one hundred (100) Shares (or minimum installment set forth in Section 3.1, if a smaller number of Shares) and shall be for whole Shares only.
The original Warrant is not required to be surrendered to the Company until it has been fully exercised.1.3. Partial Exercise.
Section 4.2 - Partial Exercise ----------- ---------------- Any exercisable portion of the Option or the entire Option, if then wholly exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof becomes unexercisable under Section 3.3; provided, however, that each partial exercise shall be for not less than one thousand (1,000) shares and shall be for whole shares only.
The undersigned elects to utilize the following manner of exercise: Shares: Full Exercise of Warrant Partial Exercise of Warrant (in the amount of Shares) Exercise Price: $ Payable in accordance with Section 3(a)(ii) of the Warrant Please issue a new Warrant for the unexercised portion of the attached Warrant in the name of the undersigned.
After the death of Holder, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by Holder’s personal representative or by any person empowered to do so under the deceased Holder’s will or under the then applicable laws of descent and distribution.4.2 Partial Exercise.