Common use of Cash Method Clause in Contracts

Cash Method. Optionee may exercise the Option by written notice to the Company stating (i) that the Option is being exercised pursuant to the "Cash Method," and (ii) the number of Option Shares desired to be purchased, accompanied or followed by cash, wire transfer, check, or money order in an amount equal to the aggregate Purchase Price of the Option Shares being purchased (i.e., the number of Option Shares exercised multiplied by the Purchase Price).