Grant by the Company Clause Samples
The 'Grant by the Company' clause defines the company's act of formally providing certain rights, licenses, or permissions to another party, typically within the context of an agreement. This clause specifies what is being granted—such as intellectual property rights, access to technology, or use of trademarks—and outlines any limitations or conditions attached to the grant. Its core practical function is to clearly establish the scope and terms under which the recipient may use the company's assets, thereby preventing misunderstandings and protecting the company's interests.
Grant by the Company. Subject to the terms and conditions of this Cross License Agreement, the Company hereby grants to Buyer:
(a) an irrevocable, fully paid up, royalty-free, transferable subject to Section 7.1, worldwide, perpetual, exclusive license (exclusive even as to Company), with the right to sublicense, under the Schedule 1 Patents and the Company Associated Know-How to make, have made, use, sell (either directly or indirectly), modify, import, export, to offer for sale, to lease, and dispose of, products and services covered by the Schedule 1 Patents, and to otherwise practice the inventions embodied in the Schedule 1 Patents, in the TG Field of Use; and
(b) an irrevocable, fully paid up, royalty-free, transferable subject to Section 7.1, worldwide, perpetual, non-exclusive license (subject to those licenses previously granted and listed on Schedule 4 attached and made part hereof), with the right to sublicense, under the Schedule 2 Patents and Company Associated Know-How to make, have made, use, sell (either directly or indirectly), modify, import, export, to offer for sale, to lease, and dispose of, products and services covered by the Schedule 2 Patents, and to otherwise practice the inventions embodied in the Schedule 2 Patents, in the TG Field of Use.
Grant by the Company. This Award shall be construed in accordance and consistent with, and subject to, the provisions of the Plan (the provisions of which are hereby incorporated by reference) and, except as otherwise expressly set forth herein, the capitalized terms used in this Award shall have the same definitions as set forth in the Plan. Name of Grantee:_________________ Number of Shares of Restricted Stock:_________________ Grant Date:_____________, 20__
Grant by the Company. Subject to the terms and conditions hereof, payment with respect to vested Awards shall be made entirely in the form of shares of Restricted Stock of the Company. This Award shall be construed in accordance and consistent with, and subject to, the provisions of the Plan (the provisions of which are hereby incorporated by reference) and, except as otherwise expressly set forth herein, the capitalized terms used in this Award shall have the same definitions as set forth in the Plan. Name of Grantee:_________________ Target Number of Performance Units:_________________ Grant Date:_____________, 20__ Performance Period:December 31, 20__ through December 31, 20__