name / content / group

content: 205890

name: IN GENERAL

In General. An option may be exercised by delivery of payment of the purchase price of the Shares of Common Stock subject to an option accompanied by a properly executed written notice of exercise and subscription agreement in such
In General. An option may be exercised by delivery of payment of the purchase price of the Common Shares subject to an option accompanied by a properly executed written notice of exercise and subscription agreement in such form as prescribed by the Committee. The notice of exercise shall specify the number of Common Shares with respect to which the option is being exercised. The Committee may prescribe in the option agreement a minimum number of Common Shares with respect to which an option may be exercised, in whole or in part. Except as provided in Section 6(a)(ii), payment in full of the purchase price of the Common Shares for which the option is being exercised shall be made either (i) in cash or in cash equivalents; (ii) through the tender to the Company of Common Shares or the withholding of Common Shares subject to the option, which Common Shares shall be valued, for purposes of determining the extent to which the purchase price has been paid, at their fair market value on the date of exercise as determined under Section 6(c); or (iii) by a combination of the methods prescribed in (i) and (ii); provided, however, that the Committee may in its discretion impose and set forth in the option agreement pertaining to an option such limitations or prohibitions on the use of Common Shares to exercise options as it deems appropriate. Any attempt to exercise an option granted under the Plan other than as set forth in this Section 6(a) shall be invalid and of no force and effect.