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Vesting of Options
Vesting of Options contract clause examples
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Options. With respect to Employee’s outstanding stock options to acquire shares of capital stock in or issued by the Company (the “Options”), Employee acknowledges and agrees that the terms of Employee’s Nonqualified Option Agreement by and between Employee and the Company (the “Option Agreement”) and the Company’s 2015 Equity Incentive Plan (the “Equity Plan”) shall govern the treatment of such Options. For the avoidance of doubt, any Options that are unvested as of the Separation Date shall be immediately forfeited as of the Separation Date, and Employee’s rights in such unvested Options shall thereupon lapse and expire.

Options. The Committee is authorized to grant Options to any Eligible Person on the following terms and conditions:

Options. The Committee is authorized to grant Options to Participants on the following terms and conditions:

OPTIONS. An Option is the right but not the obligation to purchase a Share, subject to certain conditions, if applicable. The Committee may grant Options to eligible Employees and will determine the number of Shares subject to the Option, the Exercise Price of the Option, the period during which the Option may vest and be exercised, and all other terms and conditions of the Option, subject to the following terms of this section.

Options. The Committee is authorized to grant Options to Participants on the following terms and conditions:

Options. Options shall expire after such period, not to exceed 10 years, as may be determined by the Committee. If an Option is exercisable in installments, such installments or portions thereof that become exercisable shall remain exercisable until the Option expires or is otherwise cancelled pursuant to its terms or the terms of the Plan. In no event shall any Option issued under the Plan be a “reload” Option or carry any similar rights.

Options. With respect to all of Employee’s options (the “Options”) to purchase Company common stock outstanding on the date of such termination (whether granted on, before or after the date of this Agreement), Employee will have the period following such termination of employment to exercise such Options that is specified in the stock plans, if any, under which the Options were granted and in any applicable agreements between the Company and Employee; provided, however, to the extent that, pursuant to the provisions of such stock plans and applicable agreements, such Options continue to vest during the period, if any, that Employee provides consulting services to the Company pursuant to Section 3(a)(ii) or otherwise, then Employee will have the period following the termination of such consulting services to exercise such Options that is specified in such stock plans and applicable agreements. In all other respects, such Options will continue to be subject to the terms and conditions of the stock plans, if any, under which they were granted and any applicable agreements between the Company and Employee.

Options. The Committee shall have the sole authority and discretion under the Plan # to select the Employees who are to be granted Awards hereunder; # to designate whether an Employee is to be granted an ISO or a Non-Qualified Option; # to establish the number of shares of Common Stock that may be issued upon the exercise of each Option; # to determine the time and the conditions subject to which Options may be exercised in whole or in part; # to determine the form of the consideration that may be used to purchase shares of Common Stock upon exercise of any Option (including the circumstances under which the Company’s issued and outstanding shares of Common Stock may be used by a Participant to exercise an Option); # to impose restrictions and/or conditions with respect to shares of Common Stock acquired upon exercise of an Award; # to determine the circumstances under which shares of Common Stock acquired upon exercise of any Award may be subject to repurchase by the Company; # to determine the circumstances and conditions subject to which shares acquired upon exercise of an Award may be sold or otherwise transferred, including, without limitation, the circumstances and conditions subject to which a proposed sale of shares of Common Stock acquired upon exercise of an Award may be subject to the Company’s right of first refusal (as well as the terms and conditions of any such right of first refusal); # to establish vesting provisions for any Award relating to the time (or the circumstance) when the Award may be exercised by a Participant, including vesting provisions that may be contingent upon the Company meeting specified financial goals; # to accelerate the time when outstanding Awards may be exercised; provided, however, that such “acceleration” with respect to any Award is permitted only if such acceleration would not cause the Award to be subject to the provisions of [section 409A] of the Code; and # to establish any other terms, restrictions and/or conditions applicable to any Award not inconsistent with the provisions of the Plan, so long as such terms do not cause an Award to be subject to [section 409A] of the Code and, with respect to ISOs, not inconsistent with the provisions of [section 422] of the Code.

Options. As an executive of the Company, you may be provided stock option grants in the Company governed by the terms of the MAIA Biotechnology Stock Option Plan(s) and applicable agreements.

OPTIONS. An Option is the right but not the obligation to purchase a Share, subject to certain conditions, if applicable. The Committee may grant Options to eligible Employees and will determine the number of Shares subject to the Option, the Exercise Price of the Option, the period during which the Option may vest and be exercised, and all other terms and conditions of the Option, subject to the following terms of this section.

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