Example ContractsClausescashless exerciseIdentical
Cashless Exercise
Cashless Exercise contract clause examples

Notwithstanding anything to the contrary in the Grant Agreement or the Plan, the Stock Options may be exercised only by a “cashless exercise” method by which the Company’s designated broker, upon receipt of the Employee’s written exercise request, shall pay the Company the Grant Price for the total number of Shares to be exercised and sell all such Shares at the then current trading price. The Company will not accept funds to exercise the Stock Options from any other source, and the broker will not accept instructions to sell fewer than all of the Shares exercised.

RETENTION GRANT AGREEMENT
Source: SEC EDGAR database • Date: December 12, 2019 • SIC: 3570 • CIK: 3570

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