Common use of Exercise of ISO Clause in Contracts

Exercise of ISO. The Grantee may exercise all or any part of the ISO by delivering written notice to the Committee (in the form attached hereto as Exhibit B) of the number of Option Shares (in a multiple of 100, except in the case of a full exercise of the remaining vested portion of the ISO) to be purchased together with payment in an amount equal to the product of the Per-Share Price times the number of Option Shares to be purchased (the “Exercise Price”) made in one of the following forms or a combination thereof:

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Crown Crafts Inc), Incentive Stock Option Agreement (Ameris Bancorp)