Termination of Option. This Option may terminate prior to its Expiration Date and prior to the dates specified under [Section 5(a) and (b)])] above under certain circumstances as set forth in [Section 13] of the Plan.
Grant of Option/Termination of Option. The Company hereby grants Participant the option (the “Option”) to purchase all or any part of an aggregate of shares (the “Shares”) of common stock of the Company (the “Common Stock”) at the exercise price of per share according to the terms and conditions set forth in this Award Agreement and in 2014 Stock and Incentive Plan (the “Plan”). The Option will not be treated as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). The Option is issued under the Plan and is subject to its terms and conditions. A copy of the Plan will be furnished upon request of Participant. Unless terminated earlier in accordance with the terms of this Award Agreement, the Option shall terminate at the close of business ten (10) years from the date hereof.
Early Termination of Option. Notwithstanding anything herein to the contrary, the Administrator may determine in its sole discretion that the Option is terminated as of the date Optionee ceases to be a Service Provider for any reason with regard to any portion of the Option that is not vested as of such date.
Effective as of the Time of Closing, the Option Agreement shall be terminated, and, notwithstanding any provision of the Option Agreement to the contrary, neither the Purchaser nor any of the Vendor or the Corporation, nor any of their respective Affiliates, shall have any further liability or obligation under the Option Agreement; provided, however, that for the avoidance of doubt, termination of the Option Agreement shall not affect the right of the Vendor to the 5,000,000 (pre-consolidation) shares of common stock of the Purchaser pursuant to the Purchaser’s exercise of the First Option (as defined in the Option Agreement). Effective as of Closing, each of the Purchaser, the Vendor and the Corporation, for itself and its Affiliates, releases all rights, claims, actions and causes of action it may have against the other or others under or arising out of the Option Agreement, known or unknown, now or hereafter arising, except with respect to the above-mentioned 5,000,000 (pre-consolidation) shares of common stock of the Purchaser s. Until such time as the Option Agreement is terminated pursuant to this [Section 2.11], it shall remain in full force and effect in accordance with its terms.
Option. A right to purchase Company Stock granted under the Plan, at a price determined in accordance with the Plan.
Option. An option to purchase shares of Common Stock granted to a Participant pursuant to [Section 6].
Option. The Purchaser was granted an option (the “Option”) to purchase shares of Common Stock pursuant to the terms of the Plan and the Stock Option Agreement between the Company and the Purchaser dated , as follows:
Option. On the terms and conditions set forth in the 2005 Stock Option Plan (the Plan) and this Stock Option Agreement (Agreement), , a California corporation (the Corporation) grants to , ☐ an Employee or ☐ an Outside Director or ☐ a Consultant (the Optionee), on ,20 (the Date of Grant), the option to purchase ( ) shares of Common Stock (the Option Shares), at the Exercise Price per share of $ (the Exercise Price) (not to be less than eighty-five percent [85%] of Fair Market Value, or one hundred percent [100%] of Fair Market Value for Ten Percent Holders). This Option is intended to be ☐ an ISO (Employees only) or ☐ an NQSO. This Option will expire ☐ sixty (60) months after the Date of Grant (maximum for an ISO granted to a Ten Percent Holder) or ☐ one hundred twenty (120) months after the Date of Grant (maximum) or ☐ . Vesting of this grant shall commence on ,20 (Initial Vest Date).
Option. I was granted an option (the Option) to purchase shares of the common stock (the Shares) of (the Company) pursuant to the Companys (choose one) ☐ 2006 Equity Incentive Plan or ☐ 2004 Equity Incentive Plan or the ☐ Taxcient, Inc. 2005 Stock Option Plan (each, a Plan), my Stock Option Agreement (the Option Agreement) and/or my Notice of Grant of Stock Option (the Notice), as follows:
Option Price. The option price per each Share purchasable under any Option granted pursuant to this [Article 4] shall not be less than 100% of the Fair Market Value of such Share on the Grant Date. Other than pursuant to [Section 8.2] hereof, the Committee shall not without the approval of the Company’s stockholders # lower the option price per Share of an Option after it is granted, # cancel an Option when the option price per Share exceeds the Fair Market Value of the underlying Shares in exchange for another Award, or # take any other action with respect to an Option that may be treated as a repricing under the rules and regulations of the New York Stock Exchange (or such other principal securities market on which the Shares are traded).
Option Term. The term of each Option shall be fixed by the Committee in its sole discretion; provided that no Option shall be exercisable after the expiration of ten (10) years from the date the Option is granted. The option term shall be measured from the Grant Date.
Option Agreements. Any existing Non Qualified Option Agreements and Incentive Stock Option Agreements between Employee and the Company (collectively, “Option Agreements”) remain valid and in effect. Neither the terms of the Option Agreements nor the terms of the 2009 Equity Incentive Plan as they relate to the exercise of such options are amended or superseded by this Agreement.
Option Price. The purchase price per share at which a share of Common Stock will be sold in any Offering Period shall be ninety-five percent (95%) of the fair market value of the Common Stock on the Purchase Date as defined in [Section 8] below (the “Option Price”).
Put Option. The put option shall be exercisable only by a Participant, by the Participants donees, or by a person (including an estate or its distributee) to whom the Company Stock passes by reason of a Participants death. (Under this [Section 10.3(c)], Participant or Former Participant means a Participant or Former Participant and the beneficiaries of the Participant or Former Participant under the Plan.) The put option must permit a Participant to put the Company Stock to the Employer. Under no circumstances may the put option bind the Plan. However, it shall grant the Plan an option to assume the rights and obligations of the Employer at the time that the put option is exercised. If it is known at the time a loan is made that Federal or State law will be violated by the Employer honoring such put option, the put option must permit the Company Stock to be put, in a manner consistent with such law, to a third party (e.g., an affiliate of the Employer or a shareholder other than the Plan) that has substantial net
Option Term. Tenant shall continue to have the rights to extend the Lease Term pursuant to [Section 2.2] of the Lease; provided, however, Landlord and Tenant hereby acknowledge and agree that, effective as of the Substitution Premises Commencement Date:
Initial Option. Each individual who first becomes an Outside Director following the Registration Date will be granted a Nonstatutory Stock Option (an Initial Option) to purchase that number of Shares equal to divided by the Fair Market Value per Share on the date of grant, with the result rounded down to the nearest whole Share, on the date of the first Board or Compensation Committee meeting occurring on or after the date on which such individual first becomes an Outside Director, whether through election by the stockholders of the Company or appointment by the Board to fill a vacancy. For purposes of example only, if an individual is granted an Initial Option and the Fair Market Value per Share on the date of grant is , the Initial Option will be to purchase 10,588 Shares ( divided by , rounded down to the nearest whole Share).
Option Right. Your Option is to purchase, on the terms and conditions set forth below, the following number of shares (the “Option Shares”) of the Company’s Common Stock, par value $.01 per share (the “Common Stock”) at the exercise price specified below (the “Exercise Price”).
Option Grant. The Company hereby grants to the Optionee, as of the Date of Grant, the right and option (this “Option”) to purchase the number of shares of the Company’s Common Stock (the “Shares”) for the exercise price per share (the “Exercise Price”), all as set forth below. Such Option shall vest and terminate according to the vesting schedule and term information described below. All terms of this Stock Option Grant Agreement shall be subject to the terms and conditions of the 2005 Long-Term Incentive Plan:
Option Payment. Payment of the option price shall be made in U.S. dollars or in the capital stock of the Company valued at its fair market value (in accordance with [Section 5.4] of the Plan), or a combination of such capital stock and cash.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.