Common use of Stock Delivery Clause in Contracts

Stock Delivery. Optionee is hereby granted the election to deliver, at the time the option is exercised, one or more shares of Common Stock previously acquired by Optionee (other than in connection with the acquisition triggering the Taxes) with an aggregate Fair Market Value not to exceed one hundred percent (100%) of the Taxes. Any such exercise of the election must be effected in accordance with the following terms and conditions: (i) The election must be made on or before the Tax Determination Date for the Taxes. (ii) The election shall be irrevocable. (iii) The election shall be subject to the approval of the Plan Administrator, and none of the delivered shares of Common Stock shall be accepted in satisfaction of the Taxes, except to the extent the election is approved by the Plan Administrator. (iv) The shares of Common Stock delivered in satisfaction of the Taxes shall be valued at Fair Market Value on the Tax Determination Date. (v) In no event may the number of delivered shares exceed in Fair Market Value the dollar amount of the Taxes.

Stock Delivery. Optionee is hereby granted the election to deliver, at the time the option is exercised, one or more shares of Common Stock previously acquired by Optionee (other than in connection with the acquisition triggering the Taxes) with an aggregate Fair Market Value not to exceed one hundred percent (100%) of the Taxes. Any such exercise of the election must be effected in accordance with the following terms and conditions: 2 (i) The election must be made on or before the Tax Determination Date for the Taxes. (ii) The election shall be irrevocable. (iii) The election shall be subject to the approval of the Plan Administrator, and none of the delivered shares of Common Stock shall be accepted in satisfaction of the Taxes, except to the extent the election is approved by the Plan Administrator. (iv) The shares of Common Stock delivered in satisfaction of the Taxes shall be valued at Fair Market Value on the Tax Determination Date. (v) In no event may the number of delivered shares exceed in Fair Market Value the dollar amount of the Taxes.

Stock Delivery. Optionee is hereby granted the election to deliver, at the time the option is exercised, one or more shares of Common Stock previously acquired by Optionee (other than in connection with the acquisition triggering the Taxes) with an aggregate Fair Market Value not to exceed one hundred percent (100%) of the Taxes. 2 Any such exercise of the election must be effected in accordance with the following terms and conditions: (i) The election must be made on or before the Tax Determination Date for the Taxes. (ii) The election shall be irrevocable. (iii) The election shall be subject to the approval of the Plan Administrator, and none of the delivered shares of Common Stock shall be accepted in satisfaction of the Taxes, except to the extent the election is approved by the Plan Administrator. (iv) The shares of Common Stock delivered in satisfaction of the Taxes shall be valued at Fair Market Value on the Tax Determination Date. (v) In no event may the number of delivered shares exceed in Fair Market Value the dollar amount of the Taxes.