Share Option. 2.01 The Corporation hereby grants to the Optionee, subject to the terms and conditions hereinafter set out, an irrevocable option to purchase at any time or from time to time on or before the Expiration Date, 10,000 common shares of the Corporation at a price of $0.20 per Share.
Share Option. Subject to approval by the Board, the Company will grant to Director, pursuant to the Company’s 2010 Share Incentive Plan (the “Plan”) an option (the “Option”) to purchase shares of ordinary shares of a par value of US$0.00002 each of the Company at an exercise price per share equal to the price for the Company’s ordinary shares in the Company’s initial public offering, subject to the approval by the Board. The Option shall vest over a three- year period after the Effective Date pursuant to the terms of the option agreement between the Company and Director (the “Option Agreement”), with such vesting subject to Director’s continuous service as a member of the Board. The Option shall in all respects be subject to the terms and conditions of the Plan and the Option Agreement. Unvested Option will expire upon Termination (as defined below).
Share Option. The Borrower may repay the whole of the Loan under Clause 4.1 or make a prepayment of the whole of the Loan (but not part only) under Clause 4.2 by issuing all of the Shares in the name of the Lender, and the Loan shall be deemed to have been repaid in full upon such issue of all of the Shares.”
Share Option. The Company agrees to grant Director an option to purchase shares of Common Stock of the Company under the 2003 Omnibus Plan (the 'Plan) at the fair market value of $ 0.49 per share, which is equal to the closing price of the Company's common stock on January 18, 2013, with the total amount of shares granted equal to 50,000 shares of option for 3 years services as a director with the Company. The option shall vest on a quarterly basis (4,166 shares of option to vest on the first 11 quarter anniversaries of the grant and 4,174 shares of option to vest on the 12th quarter anniversary of the grant with the initial 4,166 shares of option vesting to commence on April 16, 2013), and all vesting conditional upon continued service as a Director of the Company as of each such anniversary. Further, the option allows for cashless exercise.
Share Option. (a) The Corporation hereby grants to the Optionee an irrevocable option (the “Option”) to purchase, on the terms hereinafter provided, all or any part of 655,000 common shares (such shares being hereinafter referred to as the “Optioned Shares”) in the capital of the Corporation at a price of $3.49 (Canadian) per share, being the weighted average trading price of such shares on The Toronto Stock Exchange (the “Exchange”) for the five days preceding and the five days subsequent to March 3, 1997.
Share Option. 2.1 The Corporation hereby grants to the Optionee, subject to the terms and conditions hereinafter set forth, an irrevocable option (previously defined as “Share Option”) to purchase, on or before the Expiration Date, Option Shares at a price of (Cdn.) $1.25 per Option Share, subject to the vesting provisions set forth herein.
Share Option. 2.1 Subject to the terms and conditions hereinafter set out, the Corporation hereby grants to the Executive, an irrevocable option to purchase • (•) Shares of the Corporation at an exercise price of • Dollars • Cent (CDN $•) per Share, which may be exercised on the following basis:
Share Option. Following the execution of this Employment Agreement, and conditional upon the continuance of your engagement with the Company, the Company will recommend to the Board of Directors of the ScoutCam Inc. the Company’s parent company (“Parent”) to grant you an aggregate of options to purchase a total of 300,000 common stock of the Parent (the “Options”), with an exercise price of US$ 4.5 per share. Such recommendation will further provide that the Options shall vest and become exercisable under the following schedule: 33.33% of the shares covered by the Options, on the first anniversary of the Commencement Date, and 8.33% of the shares covered by the Options at the end of each subsequent three-month period thereafter over the course of the subsequent 2 years, and that each of the outstanding Options shall immediately vest upon the occurrence of the following: (i) the sale of all or substantially all of the assets of the Parent, (ii) the sale of more than fifty percent (50%) of the outstanding common stock of the Parent in a non-public sale, (iii) the dissolution or liquidation of the Parent, or (iv) any merger, share exchange, consolidation or other reorganization or business combination of the Parent if immediately after such transaction either (A) persons who were directors of the Parent immediately prior to such transaction do not constitute at least a majority of the directors of the surviving entity, or (B) persons who hold a majority of the voting capital stock of the surviving entity are not persons who held a majority of the voting capital stock of the Parent immediately prior to such transaction. The grant of the Options as well as the terms and conditions applicable thereto shall be subject to the sole discretion of the board of directors of the Parent and shall be subject to the provisions of the applicable equity plan under which the Options will be granted and the respective option agreement. The grant of any Options shall be further conditional upon the receipt of all approvals required under any applicable law including any applicable tax laws, and the execution and delivery by you of an option agreement and all other instruments required by the board of directors of the Parent with respect to such Options. For the avoidance of doubt, it is clarified that any taxes due with respect to the Options and participation in the equity plan shall be borne solely by you and that the Company and the Parent shall be entitled to withhold tax in respect of ...
Share Option. Concurrently with the contract date, the Company shall grant to the Executive an option, under the Company's 1996 Share Option Scheme (the "Option Scheme"), to purchase up to 83,696 of the Company's Ordinary Shares (the "Option") at an exercise price of one cent (US) per share pursuant to the terms of that certain Share Option Agreement substantially in the form attached hereto as Exhibit "B" and incorporated herein by this reference. The Option shall vest over a four (4) year period commencing on the contract date and shall continue to vest during any applicable severance period referred to in Section 5.3 above.
Share Option. (a) The Corporation hereby grants to the Optionee an irrevocable option (the "Option") to purchase, in accordance with the exercise rights outlined in Subsection 1(c) hereof, and subject to adjustment as provided herein, all or any part of 207,186 Common Shares ("
