Payment of the Option Price for the shares of Stock purchased pursuant to the exercise of an Option shall be made in cash or in cash equivalents acceptable to the Company.
PaymentPayment. At the time of the Option Price for the shares of Stock purchased pursuant to the exercise of an Option shall be madeOption, payment in full, or adequate provision therefore, in cash or in cash equivalents acceptable toShares or any combination thereof, at the Company.option of the Participant, shall be made for all Shares then being purchased.
Payment of the Option Price for theany shares of Stock purchased pursuant to theupon exercise of anthe Option shall be made in cash orfull at the time of exercise. Such payment must be made in cash equivalents acceptable to the Company.cash.
Payment for Shares. Payment for shares purchased upon exercise of this Option shall be made in full at the time of exercise of the Option. No loan shall be made or guaranteed by the Company for the purpose of financing the purchase of any optioned shares. Payment of the Option Price for the shares of Stock purchased pursuant to the exercise of an Option shall be made in cash or in cash equivalents acceptablemay be made by delivering Common Stock of the Company having a fair market value at least equal to the Company.Option Price, or a combination of Common Stock and cash. Such fair market value shall be determined by the closing price of the Common Stock on the New York Stock Exchange on the date on which this Option is exercised or, if no sale of the Common Stock shall have been made on the Exchange on that day, then on the next following day for which there is a reported sale.
PaymentA condition of the Option Price forissuance of the shares of Stock purchased pursuantShares as to the exercise ofwhich an Option shall be madeexercised shall be the payment of the Option Price. The Option Price of any Option shall be payable to the Company in full either: # in cash or in cash equivalents acceptableits equivalent; # by tendering (either by actual delivery or attestation) previously acquired Shares having an aggregate Fair Market Value at the time of exercise equal to the Company.Option Price (provided that the Shares that are tendered must have been held by the Participant for at least six (6) months prior to their tender to satisfy the Option Price or have been purchased on the open market); # by a combination of [(a) and (b)])]; or # any other method approved or accepted by the Compensation Committee in its sole discretion.
Payment of theThe Option Price for the shares of Stock purchased pursuant to theupon exercise of anany Option shall be madepayable to the Company in full either: # in cash or in cash equivalents acceptableits equivalent, or # by tendering previously acquired Shares having an aggregate Fair Market Value at the time of exercise equal to the Company.total Option Price (provided that the Shares that are tendered must have been held by the Participant for at least six (6) months prior to their tender to satisfy the Option Price), or # by a combination of [(a) and (b)])].
Payment for Shares. The exercise price of the Shares with respect to which an Option Price foris exercised shall be payable at the sharestime of Stock purchased pursuantexercise in accordance with procedures established by the Company. The exercise price of any Option may be paid in cash or, to the exerciseextent allowed by the Committee, an irrevocable commitment by a broker to pay over such amount from a sale of the Shares issuable under an Option shall be made in cashOption, the delivery (either physically or in cash equivalents acceptable toby attestation) of previously owned Shares, or a combination thereof or any other method approved by the Company.Committee.
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