Common use of Payment of the Exercise Price Clause in Contracts

Payment of the Exercise Price. Payment of the Exercise Price for the Option Shares shall be made by one of the following methods: (i) by cash, certified or cashier’s check, bank draft or money order; (ii) through the delivery to MCH of shares of Common Stock which have been previously owned by the Optionee for the requisite period necessary to avoid a charge to MCH's earnings for financial reporting purposes; such shares shall be valued, for purposes of determining the extent to which the Exercise Price has been paid thereby, at their Fair Market Value on the date of exercise; without limiting the foregoing, the Company may require the Optionee to furnish an opinion of counsel acceptable to the Company to the effect that such delivery would not result in MCH incurring any liability under Section 16(b) of the Exchange Act; (iii) through a "cashless exercise sale and remittance procedure" pursuant to which the Optionee shall concurrently provide irrevocable instructions (A) to a brokerage firm approved by the Company to effect the immediate sale of the purchased shares and remit to MCH, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate Exercise Price payable for the purchased shares plus all applicable federal, state and local income, employment, excise, foreign and other taxes required to be withheld by MCH by reason of such exercise and (B) to MCH to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale; or (iv) by any other method which MCH, in its sole and absolute discretion and to the extent permitted by applicable law, may permit.

Payment of the Exercise Price. Payment of the Exercise Price for the shares of Common Stock purchased pursuant to the exercise of an Option Shares shall be made by one of the following methods: (i) by cash, certified or cashier’s check, bank draft or money order; (ii) through the delivery to MCH the Company of shares of Common Stock which have been previously owned by the Optionee for the requisite period necessary to avoid a charge to MCH's the Company’s earnings for financial reporting purposes; such shares shall be valued, for purposes of determining the extent to which the Exercise Price has been paid thereby, at their Fair Market Value on the date of exercise; without limiting the foregoing, the Company Committee may require the Optionee to furnish an opinion of counsel acceptable to the Company Committee to the effect that such delivery would not result in MCH the Company incurring any liability under Section 16(b) of the Exchange Act;; or (iii) by any other method which the Committee, in its sole and absolute discretion and to the extent permitted by applicable law, may permit, including, but not limited to through a "“cashless exercise sale and remittance procedure" ” pursuant to which the Optionee shall concurrently provide irrevocable instructions (A1) to a brokerage firm approved by the Company Committee to effect the immediate sale of the requisite number of the purchased shares and remit to MCHCompany, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate Exercise Price payable for the purchased shares plus all applicable federal, state and local income, employment, excise, foreign and other taxes required to be withheld by MCH the Company by reason of such exercise and (B2) to MCH the Company to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale; or (iv) by any other method which MCH, in its sole and absolute discretion and to the extent permitted by applicable law, may permit.

Payment of the Exercise Price. Payment of the Exercise Price for the shares of Common Stock purchased pursuant to the exercise of an Option Shares shall be made by one of the following methods: (i) by cash, certified or cashier’s check, bank draft or money order; (ii) through the delivery to MCH IDI of shares of Common Stock which have been previously owned by the Optionee for the requisite period necessary to avoid a charge to MCH's IDI’s earnings for financial reporting purposes; such shares shall be valued, for purposes of determining the extent to which the Exercise Price has been paid thereby, at their Fair Market Value on the date of exercise; without limiting the foregoing, the Company Committee may require the Optionee to furnish an opinion of counsel acceptable to the Company Committee to the effect that such delivery would not result in MCH IDI incurring any liability under Section 16(b) of the Exchange Act;; or (iii) by any other method which the Committee, in its sole and absolute discretion and to the extent permitted by applicable law, may permit, including, but not limited to through a "“cashless exercise sale and remittance procedure" ” pursuant to which the Optionee shall concurrently provide irrevocable instructions (A1) to a brokerage firm approved by the Company Committee to effect the immediate sale of the requisite number of the purchased shares and remit to MCHIDI, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate Exercise Price payable for the purchased shares plus all applicable federal, state and local income, employment, excise, foreign and other taxes required to be withheld by MCH the Company by reason of such exercise and (B2) to MCH IDI to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale; or (iv) by any other method which MCH, in its sole and absolute discretion and to the extent permitted by applicable law, may permit.

Payment of the Exercise Price. Payment of the Exercise Price for the shares of Common Stock purchased pursuant to the exercise of an Option Shares shall be made by one of the following methods: (i) by cash, certified or cashier’s check, bank draft or money order; (ii) through to the delivery extent permitted by the Committee at the time of exercise, by delivering to MCH the Company of shares of Common Stock which have been previously owned by the Optionee Participant for the requisite period necessary to avoid a charge to MCH's the Company’s earnings for financial reporting purposes; such shares shall be valued, for purposes of determining the extent to which the Exercise Price has been paid thereby, at their Fair Market Value on the date of exercise; without limiting the foregoing, the Company Committee may require the Optionee Participant to furnish an opinion of counsel acceptable to the Company Committee to the effect that such delivery would not result in MCH the Company incurring any liability under Section 16(b) of the Exchange Act;; or (iii) by any other method which the Committee, in its sole and absolute discretion and to the extent permitted by applicable law, may permit, including, but not limited to through a "“cashless exercise sale and remittance procedure" ” pursuant to which the Optionee Participant shall concurrently provide irrevocable instructions (A1) to a brokerage firm approved by the Company Committee to effect the immediate sale of the requisite number of the purchased shares and remit to MCHthe Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate Exercise Price payable for the purchased shares plus all applicable federal, state and local income, employment, excise, foreign and other taxes required to be withheld by MCH the Company by reason of such exercise and (B2) to MCH the Company to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale; or (iv) by any other method which MCH, in its sole and absolute discretion and to the extent permitted by applicable law, may permit.