Features and period of validity of Director Warrants – Conditions of exercise Sample Clauses

Features and period of validity of Director Warrants – Conditions of exercise. Provided they are subscribed for by the Holder, Director Warrants are granted for a period of 10 years as from June 24, 2022, date of their issuance by the CGM. Director Warrants will vest on the first anniversary of their issuance, i.e. June 24, 2023, provided that the Holder still is a Director or is a member of the Strategic Advisory Board on that date (the “Vesting Period”), and must be exercised within the aforementioned maximum period of 10 years. For the sake of clarity, the Holder is entitled to exercise at any time and without restriction all or part of his/her fully vested Director Warrants as from June 24, 2023 until June 24, 2032 as documented in the Individual Notification Letter. Exercising a Director Warrant entitles the Holder to subscribe for one ordinary share of the Company’s share capital. This number of shares cannot be modified during the Director Warrants period of validity, except in the event of an adjustment in the subscription price and any other adjustments in accordance with applicable laws and regulations. Any Director Warrant that is not exercised by the expiry of the aforementioned 10-year period shall be null and void.
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Related to Features and period of validity of Director Warrants – Conditions of exercise

  • Conditions of Exercise Unless otherwise determined by the Committee in its sole discretion (provided that such determination is not adverse to the Grantee), the Options will be exercisable only in accordance with the conditions stated in this Section 3.

  • Conditions to Purchase of Option Securities In the event that the Underwriters exercise their option provided in Section 2(b) hereof to purchase all or any portion of the Option Securities, the representations and warranties of the Company contained herein and the statements in any certificates furnished by the Company and any of its subsidiaries hereunder shall be true and correct as of each Date of Delivery and, at the relevant Date of Delivery, the Representatives shall have received:

  • Authorization of the Offered Shares The Offered Shares have been duly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered by the Company against payment therefor pursuant to this Agreement, will be validly issued, fully paid and nonassessable, and the issuance and sale of the Offered Shares is not subject to any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase the Offered Shares.

  • Reservations of Shares As of the date hereof, the Company has reserved and the Company shall continue to reserve and keep available at all times, free of preemptive rights, a sufficient number of shares of Common Stock for the purpose of enabling the Company to issue shares of Common Stock pursuant to this Agreement and Warrant Shares pursuant to any exercise of the Warrants.

  • General Terms and Conditions of the Notes Section 201.

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