Cashless Payment. Provided that prior approval of the Company has been obtained, the Employee may use Common Stock of the Company owned by him or her to pay the purchase price for the Option Shares by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value on the date of exercise.
Appears in 2 contracts
Sources: Stock Option Agreement (Mojo Organics, Inc.), Stock Option Agreement (Mojo Organics, Inc.)
Cashless Payment. Provided that prior approval of the Company has been obtainedThe Company, the in its sole discretion, may allow Employee may to use Common Stock of the Company owned by him or her to pay the purchase price for the Option Shares by delivery of stock certificates in negotiable form which that are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value on the last trading day preceding the date of exercise.
Appears in 2 contracts
Sources: Stock Option Agreement (Shochet Holding Corp), Stock Option Agreement (Prime Cellular Inc)
Cashless Payment. Provided that prior approval of the Company has been obtainedThe Company, the Employee in its sole discretion, may allow Director to use Common Stock of the Company owned by him or her to pay the purchase price for the Option Shares (and any required withholding taxes) by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value on the date of exerciseValue, as defined below.
Appears in 2 contracts
Sources: Stock Option Agreement (Big City Bagels Inc), Stock Option Agreement (Big City Bagels Inc)
Cashless Payment. Provided that prior approval of The Company, in its sole discretion, may allow the Company has been obtained, the Employee may Director to use Common Stock of the Company owned by him or her to pay the purchase price for the Option Shares by delivery of stock certificates in negotiable form which that are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value on the last trading day preceding the date of exercise.
Appears in 1 contract
Sources: Stock Option Agreement (Quikbiz Internet Group Inc)
Cashless Payment. Provided that prior approval of the Company has been obtainedThe Company, the in its sole discretion, may allow Employee may to use Common Stock of the Company owned by him or her to pay the purchase price for the Option Shares by delivery of stock certificates in negotiable form which that are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value on the last trading day preceding the date of exercise.
Appears in 1 contract
Sources: Stock Option Agreement (Quikbiz Internet Group Inc)
Cashless Payment. Provided that prior approval of the Company has been obtained, the Employee may use Common Stock of the Company owned by him or her to pay the purchase price for the Option Shares by delivery of stock certificates in negotiable form which are effective to transfer good and valid title thereto to the Company, free of any liens or encumbrances. Shares of Common Stock used for this purpose shall be valued at the Fair Market Value Last Reported Sale Price on the date of exercise.
Appears in 1 contract
Sources: Stock Option Agreement (Juniper Partners Acquisition Corp.)