Example ContractsClausesNotice of Grant of Stock Options and Option Agreement
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Stock Option Grant Notice.Stock Option Grant Notice” shall mean the Stock Option Grant Notice attached to this Agreement.

Effective /16, you have been granted a(n) Non-Qualified Stock Option to buy ​shares of FutureLand Corp. (the ) stock at per share.

The undersigned Participant has been granted an Option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows:

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You have been granted an option to purchase Common Stock of the , subject to the terms and conditions of the Plan and this Option Agreement, as indicated on this “Notice of Grant of Stock Options and Option Agreement.”

GLOBAL SETTLEMENT AND ABSOLUTE RELEASE AGREEMENT – PAGE 5

You were previously granted 1,375,000 options to purchase Class A common stock of Carbon Analytics Holdings LLC (the “Options”) pursuant to the Employment Agreement, the Option Grant Notice (the “Option Grant Notice”), the Option Agreement attached to the Option Grant Notice and the Carbon Analytics Holdings LLC Equity Incentive Plan, as amended (the “Plan”). The Date of Grant of the Options was (the “Date of Grant”). The Options were assumed by Clearwater Analytics Holdings, Inc. pursuant to the terms of the 2021 Omnibus Incentive Plan (the “Omnibus Plan”). Notwithstanding anything to the contrary in the Employment Agreement, the Option Grant Notice, the Option Agreement, the Plan, and the Omnibus Plan (collectively, the "Option Terms"), you agree that, as an incentive for the Company to enter into this Agreement, all unvested Options outstanding as of on shall cease to vest and be forfeited and no Options will vest as a result of your termination or pursuant to this Agreement. You will have ninety (90) days from the Employment Termination Date to exercise all of your vested Options. All vested Options that are not exercised on or prior to such date shall terminate as of on the following day.

Grant of Stock Options. In recognition of Employee’s importance and value to the Company and as an additional inducement for Employee to enter into this Agreement, but subject in all respects to the terms and conditions of this Agreement, including, without limitation, the vesting/exercisability schedule set forth below, and the Company’s 2014 Stock Incentive Plan (the “Plan”) and the Company’s form of Stock Option Agreement, the Company hereby grants to Employee on the later of the Effective Date or the date that this Agreement has been signed by the Employee and the Company (the “Option Grant Date”), stock options to purchase 125,000 shares (the “Options”) of the Company’s common stock, par value per share (the “Common Stock”). With respect to the Options that first become exercisable in each of 2018, 2019, and 2020, those Options of which the aggregate exercise price is up to but not more than shall be incentive stock options under the Plan and within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended, and the remainder of the Options that become exercisable in that year shall be non-qualified stock options under the Plan. In other words, of the 41,666 Options that first become exercisable in , that portion of those Options whose aggregate exercise price is not more than (for example, 14,285 Options if their exercise price is each) shall be incentive stock options. Resales of shares of common stock underlying all the Options will be covered by the Company’s registration statement on Form S-8. The price per share of the Options shall be equal to the Fair Market Value (as that term is defined below) of the Common Stock on the Option Grant Date. For purposes of this Agreement, the term “Fair Market Value” shall mean the Volume Weighted Average Traded Price (as defined below) of the Common Stock on the Option Grant Date on the National Association of Securities Dealers Automated Quotation System (“NASDAQ”). Subject to the terms and conditions of this Agreement, 41,666, 41,667, and 41,667 of the Options shall become exercisable on the first, second, and third anniversaries, respectively, of the Option Grant Date, and all the Options will expire on the seventh anniversary of the Option Grant Date unless exercised prior to that date. As used in this Agreement, the term “Volume Weighted Average Traded Price” shall mean, for a given day, the sum of sale prices for all shares traded during that day, divided by the total aggregate number of shares traded during that day.

This Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

By your signature and the signature of the 's representative on the attached "Notice of Grant of Stock Options and Option Agreement" of this Option Agreement, you and the agree that this Option is granted under and governed by the terms and conditions of the Plan and this Option Agreement. Grantee has reviewed the Plan and this Option Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option Agreement and fully understands all provisions of the Plan and Option Agreement. Grantee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Option Agreement. Grantee further agrees to notify the upon any change in the residence address indicated on the attached "Notice of Grant of Stock Options and Option Agreement."

Unless otherwise defined herein, the terms defined in the Mind Medicine (MindMed) Inc. Stock Option Plan (the “Plan”) will have the same defined meanings in this Stock Option Agreement, which includes this Notice of Stock Option Grant (the “Notice of Grant”).

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