Common use of Surrender of Stock Clause in Contracts

Surrender of Stock. By surrendering, or attesting to the ownership of, Shares that are already owned by the Participant free and clear of any restriction or limitation, unless the Committee specifically agrees to accept such Shares subject to such restriction or limitation. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value on the date of the applicable exercise of the Option. The Participant shall not surrender, or attest to the ownership of, Shares in payment of the Purchase Price (or withholding) if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this option for financial reporting purposes that otherwise would not have occurred.

Surrender of Stock. By surrendering, or attesting to the ownership of, Shares that are already owned by the Participant free and clear of any restriction or limitation, unless the Committee specifically agrees to accept such Shares subject to such restriction or limitation. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued by the Company at their Fair Market Value on the date of the applicable exercise of the Option. The Participant shall not surrender, or attest to the ownership of, Shares in payment of the Purchase Price (or withholding) if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this option Option for financial reporting purposes that otherwise would not have occurred.

Surrender of Stock. By surrendering, or attesting to the surrendering ownership of, of Shares that are already owned by the Participant Optionee free and clear of any restriction or limitation, unless the Committee Company specifically agrees to accept such Shares subject to such a restriction or limitation. Such In such cases, the Shares shall be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value on the date of the applicable exercise of the Optionoption. The Participant Without the specific approval of the Committee, the Optionee shall not surrender, or attest be permitted to the surrender ownership of, of Shares in payment of the Purchase Price (or withholding) if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect repect to this the option for financial reporting purposes that otherwise would not have occurred.

Surrender of Stock. By Subject to applicable corporate and securities laws, and stock exchange requirements, all or any part of the Purchase Price may be paid by surrendering, or attesting to the ownership of, Shares that are already owned by the Participant free and clear of any restriction or limitation, unless the Committee specifically agrees to accept such Shares subject to such restriction or limitationOptionee. Such Shares shall be surrendered to the Company in good form for transfer cancellation and shall be valued at their Fair Market Value on the date of the applicable exercise of the Optionwhen this option is exercised. The Participant Optionee shall not surrender, or attest to the ownership of, Shares in payment of the Purchase Price (or withholding) if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this option for financial reporting purposes that otherwise would not have occurredpurposes.

Surrender of Stock. By surrendering, or attesting to the surrendering ownership of, of Shares that are already owned by the Participant Optionee free and clear of any restriction or limitation, unless the Committee Company specifically agrees to accept such Shares subject to such a restriction or limitation. Such In such cases, the Shares shall be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value on the date of the applicable exercise of the Optionoption. The Participant Without the specific approval of the Committee, the Optionee shall not surrender, or attest be permitted to the surrender ownership of, of Shares in payment of the Purchase Price (or withholding) if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to this the option for financial reporting purposes that otherwise would not have occurred.