Common use of Effect Clause in Contracts

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject to the Option equal to the number of shares of Common Stock with respect to which the Option is exercised.

Appears in 22 contracts

Samples: Stock Option Grant Agreement (Go-Page Corp), Non Qualified Stock Option Grant Agreement (Go-Page Corp), Qualified Stock Option Grant Agreement (Scio Diamond Technology Corp)

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Effect. The exercise, in as a whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject Covered Shares as to which the Option may be exercised in an amount equal to the number of shares of Common Stock with respect as to which the Option is exercised.

Appears in 21 contracts

Samples: Stock Purchase Agreement (American Caresource Holdings, Inc.), Non Statutory Stock Option Agreement (Radius Health, Inc.), Non Statutory Stock Option Agreement (Radius Health, Inc.)

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject Covered Shares as to which the Option may be exercised in an amount equal to the number of shares of Common Stock with respect as to which the Option is exercised.

Appears in 14 contracts

Samples: Non Qualified Stock Option Grant Agreement (CASI Pharmaceuticals, Inc.), Non Qualified Stock Option Grant Agreement (CASI Pharmaceuticals, Inc.), Non Qualified Stock Option Grant Agreement (CASI Pharmaceuticals, Inc.)

Effect. The exercise, in whole or in part, of the Option Options shall cause a reduction in the number of shares of Common Stock subject to the Option remaining Options equal to the number of shares of Common Stock with respect to which the Option is Options are exercised.

Appears in 13 contracts

Samples: Incentive Stock Option Grant Agreement, Incentive Stock Option Grant Agreement (Mechanical Technology Inc), Stock Option Grant Agreement (Mechanical Technology Inc)

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject to the Option Covered Shares equal to the number of shares of Common Stock Shares with respect to which the Option is exercised.

Appears in 6 contracts

Samples: Nonstatutory Stock Option Agreement (Gse Systems Inc), Non Qualified Stock Option Agreement (Xm Satellite Radio Holdings Inc), Non Qualified Stock Option Agreement (Xm Satellite Radio Inc)

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject Covered Shares as to which the Option may be exercised in an amount equal to the number of shares of Common Stock with respect Ordinary Shares as to which the Option is exercised.

Appears in 5 contracts

Samples: Stock Option Agreement (Magicjack Vocaltec LTD), Stock Option Agreement (Magicjack Vocaltec LTD), Stock Option Agreement (Magicjack Vocaltec LTD)

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject to the Option Covered Shares equal to the number of shares of Common Stock with respect to which the Option is exercised.

Appears in 5 contracts

Samples: Stock Option Agreement (M&t Bank Corp), Incentive Stock Option Agreement (M&t Bank Corp), Incentive Stock Option Agreement (M&t Bank Corp)

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject to the Option Vested Shares equal to the number of shares of Common Stock with respect to which the Option is exercised.

Appears in 3 contracts

Samples: Non Statutory Stock Option Agreement (Maxcyte, Inc.), Non Statutory Stock Option Agreement (Maxcyte, Inc.), Non Statutory Stock Option Agreement (Maxcyte, Inc.)

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Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject to the Option Covered Shares equal to the number of shares Shares of Common Stock with respect to which the Option is exercised.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Maxim Pharmaceuticals Inc), Nonstatutory Stock Option Agreement (Maxim Pharmaceuticals Inc)

Effect. The exercise, in whole or in part, of the an Option shall cause a reduction in the number of shares of Common Stock subject to the Option Covered Shares equal to the number of shares of Common Stock Shares with respect to which the Option is exercised.

Appears in 1 contract

Samples: Long Term Incentive Plan (It Partners Inc)

Effect. The exercise, in whole or in part, of the Option shall cause a ------ reduction in the number of shares of Common Stock subject to the Option Covered Shares equal to the number of shares of Common Stock Shares with respect to which the Option is exercised.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Xm Satellite Radio Holdings Inc)

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject Covered Shares as to which the Option may be exercised in an amount equal to the number of shares of Common Stock with respect Shares as to which the Option is exercised.

Appears in 1 contract

Samples: Stock Option Agreement (Emulex Corp /De/)

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