GRANT OF ADDITIONAL OPTION Sample Clauses

GRANT OF ADDITIONAL OPTION. If, during the period beginning upon the Effective Date and ending upon the earlier of the closing of an initial public offering ("IPO") of the Company's Stock, and five years from the Effective Date (the "Initial Period"), the Company issues additional shares of its equity securities or Stock Rights in any transaction (including without limitation, the IPO and any option to acquire Stock granted to employees of the Company) that does not result in an adjustment to the Option pursuant to the provisions of Section 4 (a "Dilutive Event"), and, as of the date of such Dilutive Event the number of shares of Stock covered by this Option shall be less than 7.0% of the outstanding equity securities of Company on a fully diluted basis immediately following such occurrence, then the following will apply:
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GRANT OF ADDITIONAL OPTION. The Parties confirm that Tenant currently has no remaining options to renew or extend the Lease. Provided Tenant is not in default of any provisions of the Lease, as amended, and Tenant has not been in default of the Lease, as amended, more than three (3) times during the Fourth Extension Period, Landlord grants to Tenant the right to extend the Lease, as hereby extended, for one (1) additional period of three (3) years, commencing on August 1, 2016 and ending on July 31, 2019, under the same terms and conditions as the Fourth Extension Period, except that Annual Rent shall be and void. $141,920.75 per annum, equaling $11,826.73 monthly, based on $13.25 per square foot per annum. If Tenant elects to exercise this option, Tenant shall notify Landlord in writing on or prior to February 1, 2016. Tenant's failure to provide the written notice as required herein by such date shall render such option null
Sample 1
GRANT OF ADDITIONAL OPTION. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to the Employee the right to purchase up to fifty thousand (50,000) shares of the Company's common stock (the "Stock") at a price of $1.50 per share, subject to the adjustments as provided in Section 4 hereof (the "Additional Option"). It is understood and agreed that the option price is the per share fair market value of such shares on the date of each of the option grants covered by this Agreement. The Company intends that the Additional Option shall be an Incentive Stock Option governed by the provisions of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). The terms of the Company's Incentive Stock Option Plan and the Additional Option shall be interpreted and administered so as to satisfy the requirements of the Code.
Sample 1
GRANT OF ADDITIONAL OPTION. The Company hereby grants to Purchaser a conditional option to acquire, in the sole discretion of Purchaser, up to 158,000 shares of Common Stock from the Company at a per share exercise price equal to $16.42 per share (such price, the "Additional Option Exercise Price"), but only at the rate of 10,000 shares for each $10,000,000 increment by which the Additional Option Qualifying Premiums for the Additional Option Determination Period exceed $200,000,000. The exercise of the Additional Option shall be subject to the filing of appropriate documents with, and to the extent necessary, approval of, the Commissioner of Insurance of the State of Washington and such notices and consents as may be required under the insurance laws of any jurisdiction in which any of the Company or its subsidiaries is domiciled or does business. The Additional Option may only be exercised once by delivery of written notice to the Company, signed by Purchaser, indicating that the Additional Option is being exercised and specifying the number of shares of Common Stock it will acquire. Such notice may not be given until final determination of Additional Option Qualifying Premiums pursuant to Section 1.3(a). Unless earlier exercised, the Additional Option expires on December 31, 2006. The closing of the exercise of the Additional Option pursuant to this Section 1.3(b) shall occur within ten (10) business days following delivery of the written exercise notice, the Additional Option Exercise Price shall be paid in immediately available funds at the closing, and the acquired shares of Common Stock shall be delivered to Purchaser at the closing free and clear of any and all liens, claims and encumbrances (other than any such liens, claims and encumbrances created by Purchaser).
Sample 1
GRANT OF ADDITIONAL OPTION. Lessor hereby grants to Lessee the option to extend the term of the Lease for a three-year term in addition to all other options previously granted by the First Amendment or Second Amendment, commencing on the day following expiration of the last extension period granted under the Second Amendment.
Sample 1

Related to GRANT OF ADDITIONAL OPTION

  • Grant of Stock Option The Company grants to Employee the right and option (hereinafter referred to as the "Option") to purchase all or any part of up to ________ shares of the Company's Common Stock (the "Option Shares") on the terms and conditions set forth below and in the Plan.

  • Additional Options The NYS Contract Price for Additional Options offered under the Contract in accordance with Section III.2.7 Additional Options, shall be the Additional Options NYS Discount listed on the Contract Pricelist, or higher, applied to the MSRP on the current OEM Data Book or Contractor-Published Pricelist, as applicable. See Section III.1.2

  • Grant of Option The Corporation hereby grants to Optionee, as of the Grant Date, an option to purchase up to the number of Option Shares specified in the Grant Notice. The Option Shares shall be purchasable from time to time during the option term specified in Paragraph 2 at the Exercise Price.

  • Consideration for Grant of Rights (a) License Issue Fee and Patent Cost Reimbursement. COMPANY shall pay to M.I.T. on the EFFECTIVE DATE a license issue fee of [**] dollars ($[**]), and, in accordance with Section 6.3, shall reimburse M.I.T. for its actual expenses incurred as of the EFFECTIVE DATE in connection with obtaining the PATENT RIGHTS. These payments are nonrefundable.

  • Grant of Put Option Purchaser hereby grants to the Company the Option (the "Option") exercisable on or before October 5, 1995 (the 43rd day following the Effective Date) to put to the Purchaser the exercise of Purchaser's Basic Subscription Privileges and Oversubscription Privileges as hereinafter provided. Upon the exercise by the Company of the Option, the Purchaser shall, in accordance with the covenants, representations and warranties herein contained, on or prior to 5:00 p.m. New York time on October 5, 1995, exercise the Basic Subscription Privilege and the Oversubscription Privilege under Equity Rights held by the Purchaser to subscribe for, in the aggregate, not fewer than 1,972,671 shares (the "Committed Shares") of Common Stock of the Company by executing and delivering to American Stock 3 Transfer and Trust Company as agent (the "Subscription Agent") properly completed Subscription Forms, with any required signatures guaranteed, together with payment in full of the Subscription Price for each of the Committed Shares in accordance with the terms of the Equity Rights and the Plan. The Option may be exercised by the Company by sending notice in writing to Purchaser by facsimile transmission to the Purchaser's address, as initially stated in Section 9, on or before 3:00 p.m. New York time on October 5, 1995. In no event shall Purchaser be required to subscribe for more than 1,972,671 shares of Common Stock in the aggregate pursuant to its own exercise of the Equity Rights and the exercise by the Company of the Option.

  • Grant of Call Option The Shareholder agrees to grant the Company or the Designee(s) hereby irrevocably and without any additional conditions with a Call Option, under which the Company or the Designee(s) shall have the right to require the Shareholder to transfer the Option Equity to the Company or the Designee(s) in such method as set out herein and as permitted by PRC Law. The Company or the Designee(s) also agrees to accept such Call Option.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • NOTICE OF STOCK OPTION GRANT Name: Address: You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Vesting Commencement Date Exercise Price per Share $ Total Number of Shares Granted Total Exercise Price $ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date:

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