2020 Option Grant Sample Clauses

2020 Option Grant. The right to purchase one hundred thousand (100,000) shares of common stock of the Company, par value $0.0001 per share (“Common Stock”). The 2020 Option Grant shall be granted on the Employment Commencement Date, have a six-year term, and become vested and exercisable at the prices set forth in the table below, subject to the terms and conditions of the fully executed stock option grant agreement between the Company and Employee substantially in the form of Exhibit 3.5(b) to the Employment Agreement referenced above: Vesting Date Number of Shares Vesting Initial Exercise Price June 22, 2020* 50,000 Closing price of the Common Stock on June 22, 2020* June 21, 2021** 50,000 Closing price of the Common Stock on June 22, 2020* * The Employment Commencement Date and Date of Grant. **One day before the 1st anniversary date of the Employment Commencement and Date of Grant. Exhibit 3.5 (b) To The Employment Agreement Dated June 15, 2020 Between RenovaCare, Inc. and Xxxxxx Xxxx STOCK OPTION AGREEMENT Under the RenovaCare, Inc. 2013 Long Term Incentive Plan THIS STOCK OPTION AGREEMENT is dated as of the 22nd day of June, 2020 (the between RenovaCare, Inc., a Nevada Corporation having an office at (the “Company”), and Xxxxxx Xxxx (the “Optionee”). The Company and Optionee are party to that certain Employment Agreement, dated on or about the date hereof (the “Employment Agreement”), pursuant to which the Company has employed Optionee, as its Chief Financial Officer and Corporate Secretary, subject to the terms and condition thereof; In connection with the Optionee’s employment with the Company pursuant to the Employment Agreement, the Company desires to grant to Optionee certain stock options, on the terms and conditions hereinafter set forth. Accordingly, in consideration of the mutual promises and covenants made herein and the mutual benefits to be derived here from, the parties hereto agree as follows:
Sample 1
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2020 Option Grant. The Company granted VAMI a conditional non-statutory stock option on June 8, 2020 (the “Stock Option”) having the terms set forth below. The Stock Option was subject to the execution of and delivery of a definitive employment agreement which condition has been satisfied and the Stock Option shall be effective as of the Effect Date of the Consulting Agreement. The Stock Option granted VAMI the right to purchase 2,500,000 shares of common stock of the Company, par value $0.0001 per share (“Common Stock”) at a purchase price of $2.60 per share, the closing price of the Company’s common stock on June 8, 2020. The Stock Option has a six-year term, and subject to the terms and conditions of the Stock Option Grant and Grant Agreement dated June 29, 2020 and effective July 1, 2020 (the “Grant Agreement”), vests and is exercisable at the prices set forth in the table below. Vesting Date Number of Shares Vesting Initial Exercise Price July 1 2020* 1,250,000 $2.60** June 30, 2021*** 1,250,000 $2.60** * The Effective Date of the Consulting Agreement; and ** Closing price of the Common Stock on June 8, 2020, the date of grant. ***One day before the 1st anniversary date of the Effective Date of the Consulting Agreement. In the event that, following a Change of Control (as defined in the Grant Agreement), the Company Relationship is terminated on or prior to the 1st anniversary of Effective Date, then all unvested stock option hereunder, regardless of date or condition of vesting, shall vest as of the date of such termination. If, upon the Change of Control, (i) the Company shall cease to be a stand-alone publicly traded entity, or (ii) the acquiring entity is unwilling to assume the equity in an economically equivalent manner, then in either event, all equity shall be deemed to have vested two (2) days prior to the Change of Control, but only if such Change of Control shall actually be consummated. The exercise price of the Stock Option shall be paid:
Sample 1

Related to 2020 Option Grant

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Option Grant The Company hereby grants to the Optionee on the terms and conditions of this Agreement the right and the option (the “Option”) to purchase all or any part of shares of the Company’s Class A Common Stock at a purchase price of $ per share. The terms and conditions of the Option grant set forth in attached Exhibit A are incorporated into and made a part of this Agreement. The Option is intended to be an Incentive Stock Option as defined in Section 422 of the Internal Revenue Code of 1986, as amended.

  • Stock Option Grants Executive will receive an annual grant of stock options during the term of this Agreement in a manner and under terms that are consistent with grants made to other executives of the Company.

  • Initial Option Grant As of the end of the day of the date this Agreement is signed by the Company and Employee, the Company shall grant Employee an option to purchase the number of shares described in Exhibit A of common stock of the Company under the Company's 1992 Stock Option Plan, as amended, having an exercise price per share equal to the fair market value (as defined in the Stock Option Plan) of a share of common stock of the Company. Except as otherwise provided in the Stock Option Plan, the option shall become exercisable as described in Exhibit A.

  • Option Award The Company hereby awards Grantee an Option to purchase shares of Company common stock, par value $.01 per share (“Shares”), pursuant to this Agreement at an exercise price per Share of $XX.XX, subject to the terms and conditions set forth herein and in the Plan. The Option may not be exercised in whole or in part as of the Grant Date, and becomes exercisable only if and to the extent provided in the following paragraphs and otherwise subject to and in accordance with the Plan.

  • Initial Stock Option Grant You will be awarded options in respect of Koninklijke common stock (your “Initial Stock Options”). The number of Initial Stock Options to be awarded to you is stated in the Schedule. The vesting schedule for your Initial Stock Options is stated in the Schedule. Your Initial Stock Options will be subject to the terms of LTIP and to the terms of your award agreement under it.

  • NOTICE OF STOCK OPTION GRANT Name: Address: You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Vesting Commencement Date Exercise Price per Share $ Total Number of Shares Granted Total Exercise Price $ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date:

  • Stock Option The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth on Schedule A. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time prior to the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement. Schedule A sets forth the date or dates after which the Optionee may exercise all or part of the Stock Option, subject to the provisions of the Plan.

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 10,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • Stock Option Vesting The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference.

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