Consideration for Option. In consideration of the payment to the Seller of the sum of $1.00, receipt of which is acknowledged, the Seller agrees to and does give and grant to PGE the exclusive and irrevocable option to purchase from the Seller the rights in the Literary Property as described in Exhibit “A” for the total purchase price specified and payable as provided in Exhibit “A”, provided that any sums paid under this Clause 2 or any other provision of this agreement with respect to the option will be credited against the first sums payable on account of such purchase price. If PGE fails to exercise this option, then the sums paid to the Seller hereunder with respect to the option will be and remain the sole property of the Seller.
Consideration for Option. This Option is granted in consideration of the payment by Optionee to Optionor of One Dollar ($1.00), receipt of which payment is hereby acknowledged by Optionor, and for other good and valuable consideration.
Consideration for Option. In consideration for the Option granted herein, Optionee has, among other things, simultaneous with the execution hereof, paid to Optionor the sum of One Thousand Dollars and no/100 ($1,000.00) (the “Option Payment”), receipt of which is hereby acknowledged by Optionor.
Consideration for Option. Optionee shall pay Optionor, as consideration for the Option granted by this Agreement, the amount of $100,000 (the “Option Price”). The Option Price shall be paid in accordance with written instructions provided by Optionor to Optionee promptly following the execution and delivery of this Option. The Option Price shall be credited ,against the Purchase Price at the closing of the purchase of the Property pursuant to the Purchase Agreement. If Optionee does not exercise the Option as set forth herein, Optionor shall have the right to retain the Option Price as consideration, not a penalty, for the grant of the Option to Optionee.
Consideration for Option. Subject to the terms and conditions of this Agreement, the Optionee hereby pays to the Optionor, and the Optionor hereby accepts from the Optionee, the sum of US$2.00 as consideration for the granting of the Option (as hereinafter defined).
Consideration for Option. In consideration of the payment to Seller of the sum of $ (U.S.), receipt of which is hereby acknowledged, Seller agrees to and does hereby give and grant to Buyer the exclusive and irrevocable option to purchase from Seller the rights in the Property as described in Exhibit A for the total purchase price specified and payable as provided in Exhibit A, provided that any sums paid under this Clause 2 or any other provision of this agreement with respect to the option shall be credited against the first sums payable on account of such purchase price. If Buyer shall fail to exercise this option, then the sums paid to Seller hereunder with respect to the option shall be and remain sole property of Seller.
Consideration for Option. The Purchase Price in the Asset Purchase Agreement is acknowledged to be adequate consideration paid by Parent and Subsidiary for the Option granted under this Agreement.
Consideration for Option. Barth agrees to pay all attorney's, government and other fees, xxxxs and expenses incurred by Schmitt to revive the Patent Pending in a total amount not to exxxxx xifteen hundred dollars ($1,500), plus Schmitt's attorney's fees paid for preparation of this Agreement in xx xmount not to exceed five-hundred dollars ($500). Barth further agrees to pay all costs, expenses and attorney's xxxx necessary, after reinstatement of the patent pending, to maintain the patent pending prior to or after exercise of the option.
Consideration for Option. The Option is granted in consideration ------------------------ of the payment of $10.00 and other good and valuable consideration.
Consideration for Option. Each person receiving an option must agree to remain as an employee or consultant upon the terms of employment or the consulting arrangement then existing (unless different terms are mutually agreed upon) for at least one year from the date of the granting of the option, subject to the right of the Company, its subsidiary or affiliated company to terminate the participant's employment or consulting arrangement at any time.
