Method of Exercise; Payment of Exercise Price. The Option shall be exercisable by delivering to the Company a written Notice of Exercise containing the information described in Exhibit A hereto, in the form attached as Exhibit A, or in any other form acceptable to the Committee. Such Notice of Exercise shall be signed by the Optionee and delivered to the Company at the address specified in paragraph 12. This Option shall be deemed to be exercised upon the Company’s receipt of the Notice of Exercise accompanied by full payment of the Exercise Price. Payment of the Exercise Price shall be by any of the following, or a combination of the following: (a) cash; (b) cash equivalent approved by the Committee; (c) tendering previously acquired Shares (or delivering a certification of ownership of such Shares) having an aggregate Fair Market Value (as defined in Section 2(r) of the Plan) at the time of exercise equal to the total Exercise Price, (d) through a cashless (broker-assisted) exercise; or (e) a combination of (a), (b), (c) and/or (d).
Appears in 4 contracts
Sources: Nonqualified Stock Option Agreement (India Globalization Capital, Inc.), Nonqualified Stock Option Agreement (India Globalization Capital, Inc.), Nonqualified Stock Option Agreement (India Globalization Capital, Inc.)
Method of Exercise; Payment of Exercise Price. The Option shall be exercisable by delivering to the Company a written Notice of Exercise containing the information described in Exhibit A hereto, in the form attached as Exhibit A, or in any other form acceptable to the Committee. Such Notice of Exercise shall be signed by the Optionee and delivered to the Company at the address specified in paragraph 12. This Option shall be deemed to be exercised upon the Company’s receipt of the Notice of Exercise accompanied by full payment of the Exercise Price. Payment of the Exercise Price shall be by any of the following, or a combination of the following:
(a) cash;
(b) cash equivalent approved by the Committee;
(c) tendering previously acquired Shares (or delivering a certification of ownership of such Shares) having an aggregate Fair Market Value (as defined in Section 2(r) of the Plan) at the time of exercise equal to the total Exercise Price,;
(d) through a cashless (broker-assisted) exercise; or
(e) a combination of (a), (b), (c) and/or (d).
Appears in 2 contracts
Sources: Incentive Stock Option Agreement (India Globalization Capital, Inc.), Incentive Stock Option Agreement (India Globalization Capital, Inc.)