Common use of Notice of Stock Option Exercise Clause in Contracts

Notice of Stock Option Exercise. To exercise this Option, Optionee (or in the case of exercise after Optionee’s death, Optionee’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company a notice in the form attached hereto as Exhibit A, or in such other form as may be approved by the Company from time to time (the “Notice of Exercise”), which shall set forth, among other things, Optionee’s election to exercise this Option and the number of shares being purchased. This Option may be exercised from time to time until all of the Shares are purchased in accordance with the terms herein. If someone other than Optionee exercises this Option, then such person must submit documentation reasonably acceptable to the Company that such person has the right to exercise this Option.