2024 Stock Option Grant Sample Clauses

2024 Stock Option Grant. Subject to approval by the Board, the Company will grant to Executive an option to purchase 400,000 shares of Common Stock (the “2024 Option Grant”) on the First Amendment Effective Date. The exercise price of the 2024 Option Grant will be $6.00 per share. The 2024 Option Grant will be subject to the terms and conditions applicable to stock options granted under the EIP and the applicable award agreement to be signed by the Executive and the Company, which shall be in substantially the form attached to this Amendment No. 1. The 2024 Option Grant will vest as follows: (i) 133,333 shares will vest and be exercisable on August 8, 2024, (ii) 133,333 shares will vest and be exercisable on February 8, 2025, and (iii) the remaining 133,334 shares will vest and be exercisable on August 8, 2025, subject to Executive’s continued Service with the Company, as described in the applicable award agreement. The 2024 Option Grant shall have a term of five (5) years from the grant date.”
Sample 1
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2024 Stock Option Grant. Subject to approval by the Board, the Company will grant to Executive an option to purchase 400,000 shares of Common Stock (the “2024 Option Grant”) on the First Amendment Effective Date. The exercise price of the 2024 Option Grant will be $6.00 per share. The 2024 Option Grant will be subject to the terms and conditions applicable to stock options granted under the EIP and the applicable award agreement to be signed by the Executive and the Company, which shall be in substantially the form attached to this Amendment No. 1. The 2024 Option Grant will vest as follows:
Sample 1

Related to 2024 Stock Option Grant

  • Entire Agreement This DPA and the Service Agreement constitute the entire agreement of the Parties relating to the subject matter hereof and supersedes all prior communications, representations, or agreements, oral or written, by the Parties relating thereto. This DPA may be amended and the observance of any provision of this DPA may be waived (either generally or in any particular instance and either retroactively or prospectively) only with the signed written consent of both Parties. Neither failure nor delay on the part of any Party in exercising any right, power, or privilege hereunder shall operate as a waiver of such right, nor shall any single or partial exercise of any such right, power, or privilege preclude any further exercise thereof or the exercise of any other right, power, or privilege.

  • Termination In the event that either Party seeks to terminate this DPA, they may do so by mutual written consent so long as the Service Agreement has lapsed or has been terminated. Either party may terminate this DPA and any service agreement or contract if the other party breaches any terms of this DPA.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • Counterparts This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • Indemnification Notwithstanding any contrary provision contained in this Agreement, any election hereunder or any termination of this Agreement, and whether or not this Agreement is otherwise carried out, the provisions of Section 5 shall not be in any way affected by such election or termination or failure to carry out the terms of this Agreement or any part hereof.

  • Definitions For purposes of this Agreement:

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

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