Exercise of the Stock Option. No portion of the Stock Option may be exercised until such portion vests. Each election to exercise any vested portion of the Stock Option will be subject to the terms and conditions of the Plan and must be in written or electronic form acceptable to the Administrator, signed (including by electronic signature) by the Option Holder (or in such other form as is acceptable to the Administrator). Each such written or electronic exercise election must be received by the Company at its principal office or by such other party as the Administrator may prescribe and be accompanied by payment in full of the exercise price as provided in the Plan. The latest date on which the Stock Option or any portion thereof may be exercised is the 10th anniversary of the Date of Grant (the “Final Exercise Date”) and, if not exercised by such date, the Stock Option or any remaining portion thereof will thereupon immediately terminate.
Appears in 5 contracts
Samples: Non Statutory Stock Option Agreement (RVL Pharmaceuticals PLC), Non Statutory Stock Option Agreement (Mersana Therapeutics, Inc.), Non Statutory Stock Option Agreement (Osmotica Pharmaceuticals PLC)
Exercise of the Stock Option. No portion of the Stock Option may be exercised until such portion vests. Each election to exercise any vested portion of the Stock Option will be subject to the terms and conditions of the Plan and must be in written or electronic form acceptable to the Administrator, signed (including by electronic signature) by the Participant or, if at the relevant time the Stock Option Holder (has passed to a Beneficiary or in such other form as is acceptable to permitted transferee, the Administrator)Beneficiary or permitted transferee. Each such written or electronic exercise election must be received by the Company at its principal office or by such other party as the Administrator may prescribe and be accompanied by payment in full of the exercise price as provided in the Plan. The latest date on which the Stock Option or any portion thereof may be exercised is the 10th tenth (10th) anniversary of the Date of Grant (the “Final Exercise Date”) and, if not exercised by such date, the Stock Option or any remaining portion thereof will thereupon immediately terminate.
Appears in 3 contracts
Samples: Non Statutory Stock Option Agreement (Vapotherm Inc), Non Statutory Stock Option Agreement (Vapotherm Inc), Non Statutory Stock Option Agreement (LogicBio Therapeutics, Inc.)
Exercise of the Stock Option. No portion of the Stock Option may be exercised until such portion vests. Each election to exercise any vested portion of the Stock Option will be subject to the terms and conditions of the Plan and must be made in written or electronic a form acceptable to the Administrator, signed (including by electronic signature) by the Grantee or, if the Stock Option Holder (or any portion thereof) has been transferred in accordance with the terms of the Plan and this Agreement, such other form as is acceptable to the Administrator)transferee. Each such written or electronic exercise election must be received by the Company at its principal office or by such other party as the Administrator may prescribe and must be accompanied by payment in full of the exercise price as provided in the Plan. The latest date on which the Stock Option or any portion thereof may be exercised is the 10th anniversary of the Date of Grant (the “Final Exercise Date”) and, if not exercised by such date, the Stock Option or any remaining portion thereof will thereupon immediately terminateterminate with no consideration due to the Grantee.
Appears in 3 contracts
Samples: Incentive Stock Option (MiNK Therapeutics, Inc.), Non Qualified Stock Option (MiNK Therapeutics, Inc.), Non Qualified Stock Option (MiNK Therapeutics, Inc.)
Exercise of the Stock Option. No portion of the Stock Option may be exercised until such portion vests. Each election to exercise any vested portion of the Stock Option will be subject to the terms and conditions of the Plan and must be in written or electronic form acceptable to the Administrator, signed (including by electronic signature) by the Option Holder Optionee (or in such other form as is acceptable to the Administrator). Each such written or electronic exercise election must be received by the Company at its principal office or by such other party as the Administrator may prescribe and be accompanied by payment in full of the exercise price as provided in the Plan. The latest date on which the Stock Option or any portion thereof may be exercised is the 10th anniversary of the Date of Grant (the “Final Exercise Date”) and, if not exercised by such date, the Stock Option or any remaining portion thereof will thereupon immediately terminate.
Appears in 2 contracts
Samples: Non Statutory Stock Option Award Agreement (Zai Lab LTD), Equity Incentive Plan (Zai Lab LTD)