Approved Cashless Exercises

Approved Cashless Exercises. For purposes of Section 6(a)(iv) shall include, without limitation to the authority of the Board or Committee, including to approve other methods of exercise, the following: (i) The written election of the holder of Nonstatutory Stock Options awarded after the date of the Second Amendment to the Plan2 to receive, instead of shares, cash in an amount equal to the aggregate Fair Market Value of shares of such Common Stock on the date of exercise of such Options, less the aggregate exercise price... of the shares to be issued upon exercise of such Options and the aggregate applicable withholding taxes, if any; or (ii) The written election of the holder of Options to surrender in payment (in whole or in part) of the exercise price of such Options of shares of the same class of Common Stock as the shares to be issued upon exercise of such Options, valued at the same value as the shares to be issued upon exercise of such Options. View More