Medium and Time of Payment. The option exercise price shall be payable in full on or before the option Exercise Date by certified or bank cashier’s check.

Medium and Time of Payment. Except as may otherwise be provided below, the Purchase Price for each Option granted to an Eligible Person shall be payable in full in United States dollars upon the exercise of the Option. In the event the Company determines that it is required to withhold taxes as a result of the exercise of an Option, as a condition to the exercise thereof, an Employee may be required to make arrangements satisfactory to the Company to enable it to satisfy such withholding requirements in accordance with [Section 21]. If the applicable Award Agreement so provides, or the Committee otherwise so permits, the Purchase Price may be paid in one or a combination of the following:

Medium of Payment. Effective for all payments made on or after ​, payments for whole Career Shares shall be made in shares of Common Stock and payments for any fraction of a Career Share shall be made in cash or applied as additional participant tax withholding at the Company’s option. All payments to Participants made prior to ​ , shall be made in cash.

Medium of Payment. Each Participant or his or her Beneficiaries will receive all payments of such Participant’s Deferred Compensation in cash.

Medium. All sums due hereunder shall be paid in lawful money of the United States of America.

Medium and Time of Payment of Purchase Price. A Participant exercising an Option shall pay the Purchase Price of the Shares to which such exercise pertains in full in cash (in U.S. dollars) as a condition of such exercise, unless the Board at its discretion allows the Participant to pay the Purchase Price in any manner allowable under [Section 13], so long as the sum of cash so paid and such other consideration equals the Purchase Price.

Commencement of Benefits – Unless the participant elects otherwise, distribution of benefits shall begin no later than the 60th day after the latest of the close of the plan year in which:

Time of Payment. The Company’s obligation to make the payments provided for in [Section 3(b)(i) and (ii)])] shall be subject to your execution of a release, in the form attached as [Exhibit A], which you have not revoked, such actions to be completed by the end of any applicable revocation period. If and only if such release has become legally effective, on the business day immediately following the 52nd day after your Date of Termination, the Company shall pay the amount specified in [Section 3(b)(i) and (ii)])] in a lump sum. For purposes of compliance with Section 409A of the Internal Revenue Code, the payments under [Section 3(b)(i) and (ii)])] shall each be deemed to be separate payments, and it is intended that the payment under [Section 3(b)(i) and (ii)])] (and any related payment under [Section 3(c)]) in each case shall be deemed first to be a short-term deferral under Treasury Regulation § 1.409A-1(b)(4), and the payment under [Section 3(b)(i)] then shall be deemed to be separation pay excluded from being a deferral of compensation to the extent provided under Treasury Regulation § 1.409A-1(b)(9)(iii). If, however, # for any reason all or any portion of the payment under [Section 3(b)(i)] or the payment under [Section 3(b)(ii)], is deemed to be a non-excluded deferral of compensation under Treasury Regulation § 1.409A-1(b) payable based upon your Termination, and # any of the Company’s stock is publicly traded on an established securities market or otherwise, and # at the Date of Termination you are a “key employee” (as defined in Code Section 416(i) without regard to paragraph # thereof), then the affected portion of such payment shall be made on the first business day that is on or after the date that is six months after the date of your separation from service. Likewise, if any other payment or benefit under this Agreement would be subject to a tax penalty under Code Section 409A, such payment or benefit will be payable to you only at the date specified in the preceding sentence if such delay would avoid such tax penalty to you. You shall not be entitled to exercise any influence on the time of any payment payable hereunder, including in any case in which the permitted payment period would include portions of two different tax years.

Time of Payment. Subject to the provisions of any separate written deferred compensation plan or agreement that may be applicable to a Participant, any Annual Awards awarded by the Committee under the Plan shall be paid as soon as practicable following the Committee’s determinations under this [Section 4] and the certification of the Committee’s findings under [Section 4.7], but in no event later than March 15 of the Year following the Year in which the Performance Period ends. Any such payment shall be in such form on such payment date as the Committee may approve or require, subject to applicable tax withholding requirements (as provided in [Section 4.9]).

Upon a Participant's Early Retirement, Disability or death, payment of his Accrued Benefit shall commence or be made pursuant to [Article 3, 6 or 77]7]7]], as applicable. Upon a Participant's separation from service at or after Normal Retirement Age, # his pre-2005 Benefit shall commence or be made at the time elected by the Participant in accordance with the terms of the First Bancorp Employees' Pension Plan, and # his Post-2004 Benefit shall commence or be made on his Normal Retirement Date or Delayed Retirement Date, as applicable.