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Early Expiration Sample Clauses

Early Expiration. If at any time after the Closing Date the Market Price for the Common Stock equals or exceeds 200% of the Market Price on the Closing Date for a period of thirty (30) consecutive Trading Days, then the Company may, by notice to the Holder (the “Acceleration Notice”), accelerate the Expiration Date of this Warrant to such date as shall be determined by the Company in its sole discretion and set forth in the Acceleration Notice (the “Early Expiration Date”), which Early Expiration Date shall be not less than sixty (60) days, nor more than ninety (90) days, after the date of the Acceleration Notice. From and after the date of the Acceleration Notice, the term “Expiration Date” wherever used in this Warrant shall mean and refer to the Early Expiration Date.
Early Expiration. The Displacement Allowance shall cease prior to the expiration of the Protective Period in the event of the Displaced Employee’s resignation, death, retirement, or dismissal for justifiable cause.
Early ExpirationIn the event that following the one hundred ---------------- eightieth-day anniversary of the Issue Date, the Closing Bid Price (as defined in the Securities Purchase Agreement) of the Common Stock during any period of ten (10) consecutive Trading Days is equal to or greater than $7.50 (subject to adjustment as provided herein) (an "Expiration Trigger Event"), the Company may ------------------------ deliver to the Holder, within five (5) business days following the occurrence of an Expiration Trigger Event, and as long as each of the Resale Conditions (as defined below) have been satisfied, a written notice to such effect (a "Expiration Notice") and this Warrant shall expire on the date (the "Early ----------------- ----- Expiration Date") which is thirty (30) Trading Days following the business day --------------- on which such Expiration Notice is delivered to the Holder, provided, however, that if the Holder is prevented from exercising all or any part of this Warrant during such thirty (30) Trading Days as a result of the limitations set forth in Section 4 hereof, then with respect to the portion of the Warrant that can not be so exercised, the Early Expiration Date shall be extended until twenty (20) Business Days after such portion of the Warrant can be exercised in its entirety. The "Resale Conditions" are as follows: (I) either (A) the ----------------- Registration Statement (as defined in the Registration Rights Agreement between the Company and the Holder) relating to the resale of the Warrant Shares has been declared effective and, during the period of thirty five (35) Trading Days immediately preceding the Early Expiration Date (the "Early Expiration Period"), ----------------------- has been available for the resale of (i) all of the Warrant Shares into which this Warrant is exercisable and (ii) all of the Conversion Shares issuable upon conversion of the Preferred Shares (each as defined in the Series C-1 Preferred Stock Articles of Amendment)(assuming the minimum applicable Conversion Price and Exercise Price and that no conditions to or limitations on the conversion of the Preferred Shares or exercise of the Warrants then exist) or (B) on each Trading Day of the Early Expiration Period, such Warrant Shares may be sold pursuant to Rule 144(k) under the Securities Act of 1933, as amended and (II) no Mandatory Redemption Event (as defined in the Series C-1 Preferred Stock Articles of Amendment) (or an event or circumstance that with the pass...
Early ExpirationThis Warrant shall automatically expire and be of no further force and effect without any action by the Holder immediately prior to (i) the effective date of a Change of Control. If the Company proposes at any time to effect a Change of Control, the Company shall mail to the Holder a notice specifying the date on which the Change of Control is anticipated to become effective, and the Holder shall have the right to exercise this Warrant for the applicable Warrant Stock prior to such expiration event.
Early Expiration. In the following instances, your vested NSO will expire before the Expiration Date: (i.) If you Terminate for any reason other than for Cause after the Vesting Date, except as provided in Section 3(b)(ii), the portion of your NSO that is vested but has not been exercised will expire on the earlier of the Expiration Date or 180 days after the date of termination. (ii.) If there is a Change in Control, your NSO may expire earlier than the Expiration Date. See the Plan for further details.
Early ExpirationThis Warrant shall automatically expire and be of no further force and effect without any action by the Holder immediately prior to the earliest of the following: (i) the effective date of a Change of Control, (ii) the effective date of the Initial Public Offering, or (iii) the Maturity Date. If the Company proposes at any time to effect a Change of Control or the Initial Public Offering, the Company shall, at least twenty (20) days prior to the Change of Control or the effective date of the Initial Public Offering, mail to the Holder a notice specifying the date on which the Change of Control or the Initial Public Offering is anticipated to become effective.
Early Expiration. (a) In the event that the closing bid price of the Company's Common Shares, as reported by the Nasdaq Stock Market, Inc., exceeds the Exercise Price for any Warrant Shares to which the Warrant Holder is entitled to receive upon exercising any portion of this Warrant for any period of 30 consecutive trading days, the Warrant shall expire with respect to such Warrant Shares on the 180th day thereafter (each, an "Early Expiration Date"); provided, however, that the Company must give prior written notice to the Warrant Holder not less than 30 days prior to any Early Expiration Date for such Early Expiration Date to be applicable to the Warrant Holder; and, provided further, that the Warrant Holder shall remain entitled to exercise this Warrant with respect to such Warrant Shares at any time up to and including the Business Day immediately preceding the applicable Early Expiration Date. (b) In the event that the Warrant Holder fails to exercise any portion of the Warrant subject to expiration in accordance with Section 2.3(a) above prior to any Early Expiration Date, all rights of the Warrant Holder under this Warrant Certificate with respect to such Warrant Shares shall cease and this Warrant shall no longer be deemed to be outstanding with respect to such Warrant Shares.
Early ExpirationThe Option shall expire early in the following circumstances: (a) If: (i) the Recipient dies while employed by the Company or any of its subsidiaries; or (ii) the Recipient’s employment with the Company and all of its subsidiaries terminates by reason of his total and permanent disability, the Option shall expire six months after the date of the Recipient’s termination of employment. In the case of the Recipient’s death, his successor in interest may exercise the Option. If the Recipient’s employment terminates by reason of his total and permanent disability and he dies prior to the end of the six-month period following his termination of employment, his successor in interest may exercise the Option, but the period during which the Option may be exercised by his successor in interest will not be extended beyond the six-month period following the Recipient’s termination of employment. (b) The Option shall expire if and when the employment of the Recipient is terminated for cause. The employment of the Recipient shall be deemed terminated for cause if the Company in the exercise of good faith judgment determines that the Recipient has been grossly incompetent, grossly negligent or dishonest in the performance of his duties or has been convicted of a felony, whether or not connected with the performance of his duties. If the Company discovers such incompetence, negligence, dishonesty or conviction or determines that the Recipient should have been terminated for one of such reasons after the Recipient’s employment has terminated for any other reason, the Recipient will nevertheless be deemed to have been terminated for cause. (c) If the Recipient’s employment with the Company and all of its subsidiaries terminates other than by reason of his death, total and permanent disability or termination for cause, then: (i) that portion of the Option which, under the provisions of paragraph 4 above, has not become exercisable, shall expire an the date of such termination of employment; and (ii) that portion of the Option which, under the provisions of paragraph 4 above, has become exercisable shall expire 30 days after the date of such termination of employment. (d) In the event a change of control of the Company has occurred, or the Company determines in good faith that such change of control is likely to occur, the Company may give Recipient written notice thereof, whereupon the Option shall expire upon the latest to occur of (i) the date of change of control, (ii) 30...
Early ExpirationIn the event that following the Effective Date ---------------- of the Registration statement (as defined in the Registration Rights Agreement), the Closing Bid Price (as defined herein) of the Common Stock during any period of five (5) consecutive Trading Days (as defined in the Securities Purchase Agreement) is equal to or greater than $2.00 (subject to adjustment as provided herein) (the "First Expiration Trigger Event") or is equal to or greater than ------------------------------ $3.00 (subject to adjustment as provided herein) (the "Second Expiration Trigger ------------------------- Event"), the Company may deliver to the Holder at any time that the Closing Bid ----- Price equals or exceeds $2.00 in the case of the First Expiration Trigger Event or $3.00 in the case of the Second Expiration Trigger Event, written notice (the "Early Expiration Notice") that the Warrant shall expire for up to an aggregate ----------------------- of one-third (1/3 rd) of the Initial Shares for each of the First Expiration Trigger Event and Second Expiration Trigger Event. In the event that the Company delivers to the Holder an Early Expiration Notice in accordance with the foregoing, this Warrant shall expire with respect to the number of shares indicated in the Early Expiration Notice on the date (the "Early Expiration ---------------- Date") which is thirty (30) Business Days following the Business Day on which ---- such Early Expiration Notice is delivered to the Holder. The Company may give more than one Early Expiration Notice with respect to each of the First Expiration Trigger Event and Second Expiration Trigger Event so long as the aggregate number of shares subject to all such notices for each of the First and Second Expiration Trigger Events does not exceed one-third (1/3 rd) of the Initial Shares. The "Closing Bid Price" shall mean, with respect to the Common ----------------- Stock, the Closing Bid Price for the Common Stock occurring on a given Trading Day on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg Financial Markets ("Bloomberg") or, if Bloomberg is not then reporting such prices, by a comparable reporting service of national reputation selected by the Company or if the foregoing does not apply, the last reported bid price of such security in the over- the-counter market on the electronic bulletin board for such security as reported by Bloomberg or, if no bid price is reported for...
Early ExpirationThis Warrant shall automatically expire and be of ---------------- no further force and effect without any action by the Holder immediately prior to the earlier of (i) the effective date of a Change of Control, or (ii) the effective date of the Next Financing if the issuance price of shares of Common Stock issued or Common Stock deemed to be issued (i.e., if the security issued is Preferred Stock the per share issuance price of the Common Stock deemed to be issued is the per share price of such Preferred Stock divided by the number of shares of Common Stock into which such Preferred Stock is convertible into) in the Next Financing is less than or equal to $5.50 per share (as adjusted for stock splits, combinations and similar events). If the Company proposes at any time to effect a Change of Control or the Next Financing, the Company shall mail to the Holder a notice specifying the date on which the Change of Control or the Next Financing is anticipated to become effective.