Notice of Exercise means a notice in writing addressed to the Company at its address first recited, which notice shall specify therein the number of Optioned Shares in respect of which the Option is being exercised;
SAR Exercise Price means the per share exercise price of a SAR granted to a Grantee under Section 9 hereof.
Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.
Date of Exercise means the date on which the Holder shall have delivered to the Company: (i) the Exercise Notice (with the Warrant Exercise Log attached to it), appropriately completed and duly signed and (ii) if such Holder is not utilizing the cashless exercise provisions set forth in this Warrant, payment of the Exercise Price for the number of Warrant Shares so indicated by the Holder to be purchased.
Net Exercise means a Net Exercise as defined in Section 6.3(b)(iii).