We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

By Optionee Sample Clauses

By Optionee. Optionee shall not, without prior written consent of the Optionor, use the name or any trademark or trade name owned by Optionor , KU, or by an affiliate of KU, in any publication, publicity, advertising, or otherwise, except that Optionee may identify KUCTC as Optionor of the Patent Rights and Licensed Products and Licensed Methods.
Sample 1Sample 2
By Optionee. (1) Optionee is a development-stage company without significant revenues and is substantially illiquid and does not possess adequate capital to pursue its business plan. (2) The execution and performance of this Agreement by Optionee will not result in any violation or be in conflict with any agreement to which it is a party. (3) The execution and performance of this Agreement has been duly authorized by the board of directors of Optionee.
Sample 1
By Optionee. Optionee represents and warrants to Optionor, as of the Effective Date and as of the Closing Date, which representations and warranties shall survive the Close of Escrow for a period of one (1) year, as follows: (i) Due Organization, Authorization, Execution and Delivery. Optionee is a duly organized limited liability company under the laws of the State of Delaware and has the requisite power and authority to enter into and carry out the terms of this Agreement. This Agreement has been duly executed and delivered by Optionee and shall constitute the legal, valid and binding obligations of Optionee, fully enforceable against Optionee in accordance with its terms.
Sample 1
By Optionee. Optionee represents and warrants to County as of the Effective Date as follows:
Sample 1
By Optionee. If Optionee resigns or Optionee’s employment terminates on account of retirement, then the unvested portion of the Option shall expire on the date of termination of Service. The vested portion of the Option shall expire at the close of business at Company headquarters on the Expiration Date.
Sample 1
By Optionee. Optionee represents and warrants to Owner that: (i) Optionee has the full right, power and capacity to enter into and perform this Agreement upon the terms set forth herein, and doing so will not be in breach of any other agreement to which Optionee is a party, (ii) Optionee is a corporation in good standing under the laws of the Province of British Columbia, (iii) all transactions contemplated herein, and any corporate or other actions required to authorize Optionee to enter into and perform this Agreement have been properly taken, (iv) the person signing this Agreement for Optionee has proper corporate authority to do so, and (v) Optionee will not encumber title to the Permits or the Property or the Additional Lands while this Agreement is in effect.
Sample 1
By Optionee. Optionee shall have the right to terminate this Agreement at any time before the end of the Option Period upon written notice to Owner specifying an effective termination date; provided that if such notice of termination is after the date (i) 90 days prior to the renewal date of any Permit or any state exploration permit or state mineral lease that is part of the Property or the Additional Lands, and/or (ii) 90 days prior to the BLM mining claim maintenance fee deadline for any unpatented mining claims that are part of the Property or the Additional Lands, then Optionee shall have performed the obligations required to (a) renew the Permit(s) and the other state exploration permits and state mineral leases, including all relevant payments to the Arizona State Land Department, and (b) pay the annual BLM fees with an appropriate filing to maintain the unpatented mining claims for the next assessment year, as applicable. Upon the effective date of such notice, this Agreement shall automatically terminate without further action of the Parties, and Optionee shall have no further rights or obligations hereunder other than such as have accrued prior to the date of such termination and those specified in Section 10.7.
Sample 1
By Optionee. If Optionee resigns or Optionee’s employment terminates on account of retirement, then the unvested portion of the Option shall automatically expire on the date of
Sample 1

Related to By Optionee

  • No Rights as Stockholder Until Exercise; No Settlement in Cash This Warrant does not entitle the Holder to any voting rights, dividends or other rights as a stockholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in Section 3. Without limiting any rights of a Holder to receive Warrant Shares on a “cashless exercise” pursuant to Section 2(c) or to receive cash payments pursuant to Section 2(d)(i) and Section 2(d)(iv) herein, in no event shall the Company be required to net cash settle an exercise of this Warrant.

  • Stock Option Subject to approval by the Board, the Company will grant Executive, during the fourth calendar quarter of 2015 (and subject to Executive’s continued employment with the Company through the grant date), under the Company’s 2015 Equity Incentive Plan (the “Plan”), an incentive stock option to purchase 123,579 shares of Company common stock (an “Option”), with an exercise price equal to $1.12 per share, which is equal to the fair market value of the shares of Company common stock underlying the Option on the grant date. Subject to Executive’s continued employment with the Company through the applicable vesting date, the Option will vest and become exercisable with respect to one-forty-eighth (1/48th) of the shares subject thereto on each monthly anniversary of January 1, 2016. Notwithstanding the foregoing, if the Company experiences a Change in Control (as defined in the Plan) prior to the full vesting (or forfeiture) of the Option and Executive’s employment is terminated by the Company without Cause (as defined below) within three (3) months prior to the consummation of such Change in Control, then, subject to Section 6(b) below, one hundred percent (100%) of any then-unvested portion of the Option will vest and become exercisable immediately prior to such Change in Control. In addition, (i) if the Company experiences a Change in Control (as defined in the Plan) prior to the full vesting (or forfeiture) of the Option and Executive remains employed by the Company through at least immediately prior to such Change in Control, fifty percent (50%) of any then-unvested portion of the Option shall vest immediately prior to such Change in Control, and (ii) if the Company experiences a Change in Control (as defined in the Plan) prior to the full vesting (or forfeiture) of the Option and Executive’s employment is terminated by the Company without Cause within two (2) years following the consummation of such Change in Control, subject to and conditioned upon Executive’s timely execution and non-revocation of a Release (as defined below), one hundred percent (100%) of any then-unvested portion of the Option will vest in full and become exercisable upon the effectiveness of the Release. Each Option will be subject in all respects to the terms and conditions set forth in the Plan and in an award agreement to be entered into between the Company and Executive, which will evidence the grant of the Option (each, an “Option Agreement”).

Most Referenced Clauses

Most Referenced Definitions