Example ContractsClausesGrant and Terms of Option
Grant and Terms of Option
Grant and Terms of Option contract clause examples

Grant of Option. Capitalized terms used in the Grant Agreement but not otherwise defined therein will have the meanings specified in Section 24. Grantee has been granted an Option to purchase up to the number of Shares set forth in the Notice at the Exercise Price set forth in the Notice. The Exercise Price will be such price as is determined by the Committee and set forth in the Notice; provided that the Exercise Price will be no less than one hundred percent (100%) of the Fair Market Value on the date of the Grant. Dividend Equivalent Rights shall not be granted in connection with this Option.

Grant of Option. [[Company:Organization]], [[Company:Organization]] (the “Company”), hereby grants to ​ (“Optionee”), an option (the “Option”) to purchase the total number of shares of Common Stock (the “Shares”) set forth in the Notice of Stock Option Grant (the “Notice”), at the exercise price per Share set forth in the Notice (the “Exercise Price”) subject to the terms, definitions and provisions of the Company’s 2013 Amended and Restated Equity Incentive Plan (the “Plan”) adopted by the Company, which is incorporated in this Agreement by reference. Unless otherwise defined in this Agreement, the terms used in this Agreement shall have the meanings defined in the Plan or in the Notice.

This agreement evidences the grant by the Company, on the grant date (the “Grant Date”) set forth in the Notice of Grant that forms part of this agreement (the “Notice of Grant”), to the Participant of an option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2020 Equity Incentive Plan (the “Plan”), the number of Shares set forth in the Notice of Grant of common stock, $0.01 par value per share, of the Company (“Common Stock”), at the exercise price per Share set forth in the Notice of Grant. Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern time, on the Final Exercise Date set forth in the Notice of Grant (the “Final Exercise Date”).

The Company hereby grants to the individual (“Participant”) named in the Notice of Stock Option Grant of this Option Agreement (the “Notice of Grant”) an option (the “Option”) to purchase the number of Shares set forth in the Notice of Grant, at the exercise price per Share set forth in the Notice of Grant (the “Exercise Price”), subject to all of the terms and conditions in this Option Agreement and the Plan, which is incorporated herein by this reference. Subject to Section 19(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan will prevail.

Grant and Terms of Option. Pursuant to action of the Committee, which action was taken on February 11, 2021 (“Date of Grant”), subject to the terms of this Agreement, [[Saia:Organization]] grants to Optionee the option to purchase all or any part of ​ shares of the common stock of [[Saia:Organization]], of the par value of $0.001 per share (“Common Stock”), for a period ending on February 11, 2028 (the “Expiration Date”), at the purchase price of $200.81 per share; provided, however, that the option granted hereunder shall be, and is hereby, subject to the following:

Grant of Option. You have been granted the Option for the number of Shares set forth in the Notice of Grant at the Exercise Price per Share set forth in the Notice of Grant. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and conditions of the Plan shall prevail.

Grant of Option and General Terms. Provided that # no material adverse change has occurred in Tenant’s financial condition, # this Lease is in full force and effect, # Bill.com, LLC, a Delaware limited liability company, its Related Entity pursuant to an assignment or sublease in accordance with [Section 10.4] or an Ownership Transferee pursuant to a transfer in accordance with Section 10.5 is in possession of the entire Premises, and # no Event of Default shall exist under this Lease, either on the date Tenant exercises its Renewal Option (as defined in this Section 25.1) or as of the effective date of the Renewal Term (as defined in this Section 25.1), or would exist but for the pendency of any cure periods provided under Section 20.1 herein (unless such Event of Default requires notice under Section 20.1 and Landlord has not delivered such notice to Tenant); Tenant shall have the option to extend the Term of this Lease with respect to the entire Premises for one (1) additional period (the “Renewal Option”) of seven (7) years (the “Renewal Term”). The Renewal Option shall be subject to all of the terms and conditions contained in the Lease except that # the Renewal Rent (as defined in Section 25.3) shall be at the then prevailing Market Rate (as defined in Section 25.3) on the commencement date of the Renewal Term; # Landlord shall have no obligation to improve the Premises or provide any improvement allowance (except as may be set forth in the Landlord’s Response (as defined in Section 25.2) or included as part of the Market Rate); and # there shall be no further option to extend the Term beyond the Renewal Term.

Grant and Terms of Option. Pursuant to action of the Committee, which action was taken on ​, 2019 (“Date of Grant”), Saia grants to Optionee the option to purchase all or any part of​ shares of the common stock of Saia, of the par value of $0.001 per share (“Common Stock”), for a period ending on ​, 2026 (the “Expiration Date”), at the purchase price of ​ per share; provided, however, that the option granted hereunder shall be, and is hereby, subject to the following:

Grant and Terms of Option. Pursuant to action of the Committee, which action was taken on ​, 2020 (“Date of Grant”), subject to the terms of this Agreement, Saia grants to Optionee the option to purchase all or any part of ​ shares of the common stock of Saia, of the par value of $0.001 per share (“Common Stock”), for a period ending on ​, 2027 (the “Expiration Date”), at the purchase price of ​ per share; provided, however, that the option granted hereunder shall be, and is hereby, subject to the following:

Grant of Option. In consideration of the Participant’s past or continued employment with or service to the Company or any Subsidiary and for other good and valuable consideration, effective as of the Grant Date set forth in the Grant Notice (the “Grant Date”), the Company irrevocably grants to the Participant the Option to purchase any part or all of an aggregate of the number of Shares set forth in the Grant Notice, upon the terms and conditions set forth in the Plan and this Agreement, subject to adjustments as provided in [Article IX] of the Plan. Unless designated as a Nonqualified Stock Option in the Grant Notice, the Option shall be an Incentive Stock Option to the maximum extent permitted by law.

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