Method of Exercising Stock Option Clause Samples

The "Method of Exercising Stock Option" clause defines the procedures an option holder must follow to purchase shares under a stock option agreement. Typically, this clause outlines the steps required to exercise the option, such as submitting a written notice to the company, specifying the number of shares to be purchased, and providing payment for those shares. It may also address acceptable forms of payment, timing requirements, and any necessary documentation. The core function of this clause is to ensure a clear, standardized process for exercising stock options, thereby reducing confusion and potential disputes between the company and the option holder.
Method of Exercising Stock Option. (a) The Stock Option may be exercised from time to time in whole or in part, by written notice delivered to and received by SunCoke prior to the Expiration Date, so long as the Participant is in compliance with SunCoke’s ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policy and the pre-clearance process. This notice must: (1) be signed by the Participant; (2) state the Participant’s election to exercise the Stock Option; (3) specify the number of whole shares of Common Stock with respect to which the Stock Option is being exercised; (4) be accompanied by a check payable to SunCoke, in the amount of the Aggregate Exercise Price for the number of shares purchased. Alternatively, the Participant may pay all or a portion of the Aggregate Exercise Price by: (i) delivering to SunCoke shares of previously owned Common Stock having an aggregate Fair Market Value (valued as of the date prior to exercise) equal to the amount of cash that would otherwise be required, in which event, the stock certificates evidencing the shares to be used shall accompany the notice of exercise and shall be duly endorsed or accompanied by duly executed stock powers to transfer the same to SunCoke; provided, however, that before they may be used as payment of some or all of the Aggregate Exercise Price, shares of Common Stock issued under the Plan must have been held by the Participant at least six (6) months; or (ii) authorizing a third party to sell a sufficient portion of the shares of Common Stock acquired upon exercise of the Stock Option and remit to SunCoke a sufficient portion of the sale proceeds to pay the entire Aggregate Exercise Price and tax withholding resulting from such exercise. (b) As soon as practicable after SunCoke receives such notice and payment, and following receipt from the Participant of payment for any taxes which SunCoke is required by law to withhold by reason of such exercise, SunCoke will deliver to the Participant either: (1) a certificate or certificates for the shares of Common Stock so purchased; or (2) other evidence of the appropriate registration of such shares on SunCoke’s books and records.
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Method of Exercising Stock Option. (a) Subject to the terms and conditions of this Agreement, this Stock Option may be exercised by delivering written notice to the Organization and Compensation Committee of the Board of Directors of the Company, or any officer or officers delegated with the authority to act on such Committee’s behalf pursuant to Section 3.3 of the Plan (the “Committee”), setting forth: (i) the number of shares of Common Stock with respect to which the Stock Option is to be exercised; (ii) the Exercise Date; (iii) the Social Security number of the Participant; (iv) the method of payment elected (see Paragraph 6 hereof); and (v) the exact name in which the shares will be registered. (b) The notice described in Paragraph 5(a) above must be signed by the Participant and shall be accompanied by payment of the purchase price of such Shares. If the Stock Option is exercised by a person or persons other than the Participant pursuant to Paragraph 7 hereof, such notice must be signed by such other person or persons and must be accompanied by proof acceptable to the Committee of the legal right of such person or persons to exercise the Stock Option.
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Method of Exercising Stock Option. Subject to the vesting requirements, the Stock Option may be exercised by written notice of exercise to the Corporation, which notice shall specify the number of shares of Common Stock subject to the Stock Option to be purchased and shall be signed by the person exercising the Stock Option. Such notice shall be accompanied by payment of the full purchase price by certified or bank check or, at the option of the Optionee, by delivery of unrestricted shares of Common Stock registered in the name of the Optionee duly assigned to the Corporation with the assignment guaranteed by a bank, trust company or member firm of the New York Stock Exchange, Inc., or by a combination of the foregoing. Any such shares so delivered by the Optionee upon exercise of a Stock Option (i) must have been held by the Optionee for such period of time and in such manner as is required by generally accepted accounting principles to prevent the exercise of the Stock Option from being deemed additional cash compensation to the Optionee chargeable against the earnings of the Corporation, and (ii) shall be deemed to have a value per share equal to the Fair Market Value of the shares on such date. Payment for any shares subject to the Stock Option may also be made by delivering a properly executed exercise notice to the Corporation, together with a copy of irrevocable instructions to a broker to deliver promptly to the Corporation the amount of sale or loan proceeds necessary to pay the purchase price, and, if requested by the Optionee, the amount of any federal, state, local or foreign withholding taxes. To facilitate the foregoing, the Corporation may enter into agreements for coordinated procedures with one or more brokerage firms. No shares of Common Stock shall be issued until full payment therefor has been made. The Optionee shall have the rights of a stockholder of the Corporation holding the shares of Common Stock that are subject to the Stock Option (including, if applicable, the right to vote the shares and the right to receive dividends), when the Optionee has given written notice of exercise, has paid in full for such shares and, if requested, has represented to and agreed with the Corporation in writing that such Optionee is acquiring the shares without a view to the public resale or distribution thereof in violation of applicable securities laws; provided, however, that if the Optionee has elected to defer receipt of all or a portion of the shares of Common Stock subject to t...
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Method of Exercising Stock Option 
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Method of Exercising Stock Option 
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Related to Method of Exercising Stock Option

  • Method of Exercising Option Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached hereto. Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the Option. Payment of the purchase price for such Shares shall be made in accordance with Paragraph 9 of the Plan. The Company shall deliver such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or “blue sky” laws). The Shares as to which the Option shall have been so exercised shall be registered in the Company’s share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the Company’s share register in the name of the Participant and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 hereof, by any person other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.

  • Method of Exercise Holder may exercise this Warrant by delivering a duly executed Notice of Exercise in substantially the form attached as Appendix 1 to the principal office of the Company. Unless Holder is exercising the conversion right set forth in Article 1.2, Holder shall also deliver to the Company a check, wire transfer (to an account designated by the Company), or other form of payment acceptable to the Company for the aggregate Warrant Price for the Shares being purchased.

  • Method of Exercising This Option may be exercised in accordance with all the terms and conditions set forth in this Option and the Stock Option Plan, by delivery of a notice of exercise a form of which is attached hereto as Exhibit "A" and incorporated herein by this reference, setting forth the number of Options along with a signed letter indicating that the specified exercise price shall be paid within 10 days of the sale or as otherwise specified at the time of exercise.

  • Method of Exercise of Option The Option is exercisable by notice and payment to the Company in accordance with the procedure prescribed herein. Each such notice will: (a) State the election to exercise the Option and the number of shares in respect of which it is being exercised; (b) Contain a representation and agreement as to investment intent, if required by counsel to the Company with respect to such Shares, in form satisfactory to counsel for the Company; and (c) Be signed by the person entitled to exercise the Option and, if the option is being exercised by any person other than the Director, be accompanied by proof, satisfactory to counsel for the Company, of the right of that person to exercise the Option. Upon receipt of such notice, the Company will specify, by written notice to the person exercising the option, a date and time (the "Closing Date") and place for payment of the full purchase price of such Shares. The Closing Date will be not more than fifteen days from the date the notice of exercise is received by the Company unless another date is agreed upon by the Company and the person exercising the Option or is required upon advice of counsel for the Company in order to meet the requirements of Section 10 hereof. Payment of the purchase price will be made at the place specified by the Company on or before the Closing Date by delivering to the Company a certified or bank cashier's check payable to the order of the Company. The Option will be deemed to have been exercised with respect to any particular shares of Common Stock if, and only if, the preceding provisions of this Section 9 and the provisions of Section 10 hereof shall have been complied with, in which event the option will be deemed to have been exercised on the Closing Date. Anything in this Agreement to the contrary notwithstanding, any notice of exercise given pursuant to the provisions of this Section 9 will be void and of no effect if all the preceding provisions of this Section 9 and the provisions of Section 10 have not been complied with. The certificates for shares of Common Stock as to which the option shall be exercised will be registered in the name of the person exercising the option (or, if the option is exercised by the Director and if the Director so requests in the notice exercising the Option, will be registered in the name of the Director and another person jointly, with right of survivorship) and will be delivered on the Closing Date to the person exercising the Option at the place specified for the closing, but only upon compliance with all of the provisions of this Agreement. If the Director fails to accept delivery of and pay for all or any part of the number of shares specified in the notice upon tender or delivery thereof on the Closing Date, his right to exercise the Option with respect to those undelivered shares may be terminated in the sole discretion of the Board of Directors of the Company. The Option may be exercised only with respect to full shares.

  • Method of Exercise Payment Issuance of New Warrant;