Common use of Exercise of Stock Options Clause in Contracts

Exercise of Stock Options. Except as otherwise provided herein, the Option granted pursuant to this Agreement shall be subject to exercise as follows: (i) The Participant may exercise the vested portion of the Option during its term by delivering a Notice of Exercise (in a form designated by the Company) together with the aggregate exercise price to the Company, or to such person as the Company may designate, during regular business hours, together with such additional documents as the Company may then require. (ii) Participant agrees, by exercising the Option, that, as a condition to any exercise, the Company may require Participant to enter into an arrangement providing for payment to the Company of any tax withholding obligation of the Company arising by reason of (1) the exercise of the Option, (2) the lapse of any substantial risk of forfeiture to which the shares of Common Stock are subject at the time of exercise, or (3) the disposition of shares of Common Stock acquired upon such exercise. (iii) Participant agrees, by exercising the Option, that the Company (or a representative of the underwriter(s)) may, in connection with any underwritten registration of the offering of any securities of the Company under the Act, require that Participant not sell, dispose of, assign, encumber, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any shares of Common Stock or other securities of the Company held by Participant, for a period of time specified by the underwriter(s) (not to exceed 180 days) following the effective date of the applicable registration statement of the Company filed under the Act. Participant further agrees to execute and deliver such other agreements as may be reasonably requested by the Company and/or the underwriter(s) that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to Participant’s shares of Common Stock until the end of such period. (iv) Participant may only exercise the Option for whole shares of Common Stock. (v) Participant shall have no rights as a stockholder prior to such time at which certificates representing such Common Stock have been delivered to the Participant.

Exercise of Stock Options. Except as otherwise provided herein, including restrictions on the transferability of the Stock Option and special provisions relating to exercise or termination of your Stock Option following your termination of employment from the Company, certain changes in capitalization of the Company or a merger or asset sale, the Stock Option granted pursuant to this Agreement shall be subject to exercise as follows: (ia) The Participant You may exercise the vested portion of the your Stock Option during its term by delivering a Notice of Exercise (in a form designated by the Company) together with the aggregate exercise price to the CompanyBoard, or to such other person as the Company Board may designate, during regular business hours, together with such additional documents as the Company may then require. (iib) Participant agrees, by By exercising the your Stock Option, you agree that, as a condition to any exerciseexercise of a Stock Option, the Company may require Participant you to enter into an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by reason of (1) the exercise of the Option, (2) the lapse of any substantial risk of forfeiture to which the shares of Common your Stock are subject at the time of exercise, Option or (3) the disposition of shares of Common Stock acquired upon such exercise. (iiic) Participant agrees, by By exercising the your Stock Option, you agree that the Company (or a representative of the underwriter(s)) may, in connection with any underwritten registration of the offering of any securities of the Company under the Securities Act of 1933, as amended (the “Act”), require that Participant you not sell, dispose of, assign, encumber, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any shares of Common Stock or other securities of the Company held by Participantyou, for a period of time specified by the underwriter(s) (not to exceed 180 one hundred eighty (180) days) following the effective date of the applicable registration statement of the Company filed under the Act. Participant You further agrees agree to execute and deliver such other agreements as may be reasonably requested by the Company and/or the underwriter(s) that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to Participant’s your shares of Common Stock until the end of such period. (iv) Participant may only exercise the Option for whole shares of Common Stock. (v) Participant shall have no rights as a stockholder prior to such time at which certificates representing such Common Stock have been delivered to the Participant.

Exercise of Stock Options. Except as otherwise provided herein, and subject to the provisions of the Plan (including restrictions on the transferability of the Stock Option and special provisions relating to exercise or termination of the Stock Option following your termination, death or Disability, certain changes in capitalization of the Company or a merger or asset sale), the Stock Option granted pursuant to this Agreement shall be subject to exercise as follows: (ia) The Participant You may exercise the vested portion of the your Stock Option during its term by delivering a Notice of Exercise (in a form designated by the Company) together with the aggregate exercise price to the CompanyCommittee, or to such other person as the Company Committee may designate, during regular business hours, together with such additional documents as the Company may then require. (iib) Participant agrees, by By exercising the your Stock Option, you agree that, as a condition to any exerciseexercise of a Stock Option, the Company may require Participant you to enter into an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by reason of (1) the exercise of the your Stock Option, (2) the lapse of any substantial risk of forfeiture to which the shares of Common Stock are subject at the time of exercise, or (3) the disposition of shares of Common Stock acquired upon such exercise. (iiic) Participant agreesIf your Stock Option is an Incentive Stock Option, by exercising the your Stock Option, you agree to notify the Company in writing within 15 days after the date of any disposition of any of the shares of Common Stock issued upon exercise of your Stock Option that occurs within two years after the Date of Grant or within one year after such shares of Common Stock are issued upon exercise of your Stock Option. (d) By exercising your Stock Option, you agree that the Company (or a representative of the underwriter(s)) may, in connection with any the first underwritten registration of the offering of any securities of the Company under the Act, require that Participant you not sell, dispose of, assign, encumber, transfer, make any short sale of, grant any option Stock Option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any shares of Common Stock or other securities of the Company held by Participantyou, for a period of time specified by the underwriter(s) (not to exceed 180 days) following the effective date of the applicable registration statement of the Company filed under the Act. Participant You further agrees agree to execute and deliver such other agreements as may be reasonably requested by the Company and/or the underwriter(s) that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to Participant’s your shares of Common Stock until the end of such period. (iv) Participant may only exercise the Option for whole shares of Common Stock. (v) Participant shall have no rights as a stockholder prior to such time at which certificates representing such Common Stock have been delivered to the Participant.

Exercise of Stock Options. Except as otherwise provided herein, and subject to the provisions of the Plan (including the requirements in Section 14 of the Plan, restrictions on the transferability of the Stock Option and special provisions relating to exercise or termination of the Stock Option following your termination of Continuous Service, death or Disability, certain changes in capitalization of the Company or a Change in Control), the Stock Option granted pursuant to this Agreement shall be subject to exercise as follows: (ia) The Participant You may exercise the vested portion of the your Stock Option during its term by delivering a Notice of Exercise (in a form designated by the Company) together with the aggregate exercise price to the CompanyCommittee, or to such other person as the Company Committee may designate, during regular business hours, together with such additional documents as the Company may then require. (iib) Participant agrees, by By exercising the your Stock Option, you agree that, as a condition to any exerciseexercise of a Stock Option, the Company may require Participant you to enter into an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by reason of (1) the exercise of the your Stock Option, (2) the lapse of any substantial risk of forfeiture to which the shares of Common Stock are subject at the time of exercise, or (3) the disposition of shares of Common Stock acquired upon such exercise. (iiic) Participant agreesIf your Stock Option is an Incentive Stock Option, by exercising the your Stock Option, that you agree to notify the Company (or a representative in writing within 15 days after the date of any disposition of any of the underwriter(s)) may, in connection with any underwritten registration of the offering of any securities of the Company under the Act, require that Participant not sell, dispose of, assign, encumber, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any shares of Common Stock issued upon exercise of your Stock Option that occurs within two years after the Date of Grant or other securities of the Company held by Participant, for a period of time specified by the underwriter(s) (not to exceed 180 days) following the effective date of the applicable registration statement of the Company filed under the Act. Participant further agrees to execute and deliver within one year after such other agreements as may be reasonably requested by the Company and/or the underwriter(s) that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to Participant’s shares of Common Stock until the end are issued upon exercise of such periodyour Stock Option. (iv) Participant may only exercise the Option for whole shares of Common Stock. (v) Participant shall have no rights as a stockholder prior to such time at which certificates representing such Common Stock have been delivered to the Participant.

Exercise of Stock Options. Except as otherwise provided herein, and subject to the provisions of the Plan (including the requirements in Section 14 of the Plan, restrictions on the transferability of the Stock Option and special provisions relating to exercise or termination of the Stock Option following your termination of Continuous Service, death or Disability, certain changes in capitalization of the Company or a Change in Control), the Stock Option granted pursuant to this Agreement shall be subject to exercise as follows: (ia) The Participant You may exercise the vested portion of the your Stock Option during its term by delivering a Notice of Exercise (in a form designated by the Company) together with the aggregate exercise price to the CompanyCommittee, or to such other person as the Company Committee may designate, during regular business hours, together with such additional documents as the Company may then require. (iib) Participant agrees, by By exercising the your Stock Option, you agree that, as a condition to any exerciseexercise of a Stock Option, the Company may require Participant you to enter into an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by reason of (1) the exercise of the your Stock Option, (2) the lapse of any substantial risk of forfeiture to which the shares of Common Stock are subject at the time of exercise, or (3) the disposition of shares of Common Stock acquired upon such exercise. (iiic) Participant agreesIf your Stock Option is an Incentive Stock Option, by exercising the your Stock Option, you agree to notify the Company in writing within 15 days after the date of any disposition of any of the shares of Common Stock issued upon exercise of your Stock Option that occurs within two years after the Date of Grant or within one year after such shares of Common Stock are issued upon exercise of your Stock Option. (d) By exercising your Stock Option, you agree that the Company (or a representative of the underwriter(s)) may, in connection with any an underwritten registration of the offering of any securities of the Company under the Act, require that Participant you not sell, dispose of, assign, encumber, transfer, make any short sale of, grant any option Stock Option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any shares of Common Stock or other securities of the Company held by Participantyou, for a period of time specified by the underwriter(s) (), provided that such restrictions shall expire not to exceed later than 180 days) days following the effective date of the applicable registration statement of the Company filed under the ActAct by the Company is declared effective by the Securities and Exchange Commission. Participant You further agrees agree to execute and deliver such other agreements as may be reasonably requested by the Company and/or the underwriter(s) that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to Participant’s your shares of Common Stock until the end of such period. (iv) Participant may only exercise the Option for whole shares of Common Stock. (v) Participant shall have no rights as a stockholder prior to such time at which certificates representing such Common Stock have been delivered to the Participant.