Grant of Option/Exercise Sample Clauses

Grant of Option/Exercise a. The Company hereby grant to the Optionee, as a matter of separate agreement and not in lieu of salary or any other compensation for services, the right and option (hereinafter called the "Option") to purchase on the terms and conditions set forth herein 890,500 shares of Common Stock (the "Option Shares") eight dollars ($8.00) per share until the end of business of August 1, 2000 after which time the option price shall be one dollar ($1.00) per share ("Exercise Price"). Notwithstanding the foregoing, the Exercise Price shall be ten ($.10) cents per share upon early exercise pursuant to Paragraph 2.
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Grant of Option/Exercise a. The Company hereby grant to the Optionee, as a matter of separate agreement and not in lieu of salary or any other compensation for services, the right and option (hereinafter called the "Option") to purchase on the terms and conditions set forth herein 717,933 shares of Common Stock (the "Option Shares") eight dollars per share until the end of business of August 1, 2000 after which time the option price shall be one dollar per share ("Exercise Price"). Notwithstanding the foregoing, the Exercise Price shall be one dollar per share if early exercise pursuant to Paragraph 2 occurs prior to August 2, 2000.
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Grant of Option/Exercise. Subject to the terms and conditions ------------------------- set forth in this Agreement, in consideration for the payment by the Company to the Purchasers of an aggregate commitment fee of $200,000 (the "Commitment Fee") -------------- concurrently with the execution and delivery of this Agreement (such fee to be allocated among the Purchasers in accordance with the percentages set forth opposite their respective names in Schedule A hereto) each of the Purchasers ---------- hereby grants to the Company an option (collectively, the "Option") to sell up ------ to an aggregate of $20 million aggregate principal amount of the Notes to the Purchasers in one or more exercises at any time or from time to time prior to nine months on or after the Initial Closing Date for cash at a purchase price (the "Purchase Price") equal to 98% of the principal amount of the Notes to be -------------- sold; provided, however, that in no event may the Option be exercised for an aggregate principal amount of Notes of less than $5 million. In order to exercise the Option in whole or in part the Company must deliver a written exercise notice (each, an "Exercise Notice") to the Purchasers stating the --------------- aggregate principal amount of the Notes with respect to which the Option is exercised and the closing date (each, a "Closing Date") for the purchase and ------------ sale pursuant to such exercise; provided, that an Exercise Notice must be delivered to the Purchasers at least twenty Business Days prior to the Closing Date specified in such Exercise Notice. If the Company shall have validly delivered an Exercise Notice, then subject to the terms and conditions provided herein the Company shall sell to each Purchaser, and each Purchaser shall purchase from the Company, on the Closing Date specified in such Exercise Notice the percentage of the aggregate principal amount of Notes specified in the Exercise Notice that is set forth opposite such Purchaser's name in Schedule A hereto for cash at the Purchase ---------- Price provided above.
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Grant of Option/Exercise. If Tenant has not been, during the initial term of this Lease, or is not in default in the performance of any of its obligations under this Lease at the time of delivery to Landlord of the Option Notice and contingent upon review and approval of Tenant's then current financial condition by Landlord, Tenant shall have the right as its option to extend the term of the Lease for one (1) consecutive term of sixty (60) months (the "Extended Term"). The Lease of the Premises during the Extended Term shall be upon the same terms, covenants and conditions as are set forth in this Lease, other than the monthly Base Rent, the amount of the Security Deposit, this extension option and the term of the Lease. If Landlord does not receive from Tenant written notice of Tenant's exercise of this option by 5:00 p.m. Pacific Time on a date which is not more than nine (9) months nor less than six (6) months prior to the end of the term immediately preceding each option period (the "Option Notice"), all rights under this option shall automatically lapse and terminate and shall be of no further force and effect. Time is of the essence herein.
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Grant of Option/Exercise. (a) On the terms and subject to the conditions of this Agreement, CBH Capital hereby grants to Meritage the irrevocable and exclusive option to require CBH Capital to sell the Stock to Meritage (the "OPTION"). Meritage may exercise the Option by sending written notice of its election to exercise the Option to Meritage at any time during the Option Period (as defined below). By delivering such notice to CBH Capital, Meritage shall be obligated to buy the Stock from CBH Capital on the terms and conditions set forth in this Agreement.
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Grant of Option/Exercise. (a) Subject to the terms, conditions and restrictions set forth in this Grant, PSC hereby grants to Cannxxxxx xxx option to purchase from PSC 1,000,000 shares of Common Stock, at an exercise price of $2.00 per share. PSC is granting the Option hereunder in consideration for Cannxxxxx'x xxxeement not to commence permanent, full-time employment with any other company before January 1, 1996.
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Grant of Option/Exercise. Effective as of the Effective Date, each of the Shareholders hereby grants to the Optionee an irrevocable option (the "Option") to purchase that portion of the Shares held by such person at a price of $4.00 per share, subject to adjustment as provided in Section 2(e) (as adjusted, the "Option Price"). The Option shall be exercisable commencing on the Effective Date and ending on the third anniversary of the Effective Date (the "Option Term"). In the event the Optionee elects to exercise the Option, the Optionee shall (i) notify the Shareholders of such election by delivering a written notice to that effect setting forth the date for the consummation of the purchase (such date being referred to as the "Option Closing Date"), which date shall be not earlier than ten (10) days or later than thirty (30) days from the date the notice is delivered and (ii) to the extent one-half of the Security (hereinafter defined) has been released in accordance with the last sentence of Paragraph 2(b) hereof, replenish the Security, on the date of exercise of the Option, to an amount equivalent to 100% of the Option Price. The Optionee shall have the right to exercise the Option as to all, but not less than all, of the Shares.
Sample 1
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Related to Grant of Option/Exercise

  • 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.

  • Method of Option Exercise The Option may be exercised in whole or in part by filing a written notice with, and which must be received by, the Secretary of the Company at its corporate headquarters prior to the Expiration Date. Such notice shall (a) specify the number of shares of Stock which the Participant elects to purchase; provided, however, that not less than one hundred (100) shares of Stock may be purchased at any one time unless the number purchased is the total number of shares available for purchase at that time under the Option, and (b) be accompanied by payment of the Exercise Price for such shares of Stock indicated by the Participant’s election. Payment shall be by cash or by check payable to the Company, or, at the discretion of the Committee at any time: (a) all or a portion of the Exercise Price may be paid by the Participant by delivery of shares of Stock acceptable to the Committee (including, if the Committee so approves, the withholding of shares otherwise issuable upon exercise of the Option) and having an aggregate Fair Market Value (valued as of the date of exercise) that is equal to the amount of cash that would otherwise be required; and (b) the Participant may pay the Exercise Price by authorizing a third party to sell shares of Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and remit to the Company a sufficient portion of the sale proceeds to pay the entire Exercise Price and any tax withholding resulting from such exercise.

  • Manner of Option Exercise This Option may be exercised by Xxxxx in whole or in part from time to time, subject to the conditions contained in this Agreement, by delivery, in person, by facsimile or electronic transmission or through the mail, to Xxxxxx at his principal executive office, of a written Notice of Exercise, with a copy to RDO at its principal executive office. Such notice will identify this Option, will specify the number of Option Shares with respect to which the Option is being exercised, and will be signed by the person so exercising the Option. Such notice shall be accompanied by payment in full of the total purchase price of the Option Shares purchased. In the event that the Option is being exercised by any person or persons other than Xxxxx, the Notice will be accompanied by appropriate proof of right of such person or persons to exercise the Option. As soon as practicable after the effective exercise of the Option, Xxxxxx will deliver to the person exercising this Option one or more duly issued stock certificates evidencing such ownership, together with an assignment separate from the certificate duly endorsed by him evidencing the transfer of the Option Shares with respect to which the Option is being exercised. Upon receipt of the foregoing, RDO will deliver to the transferee one or more duly issued stock certificates bearing such transfer restrictions as may then be appropriate based upon advice of RDO's legal counsel.

  • Option Exercise To exercise its option to purchase the Option Aircraft, Buyer shall give written notice thereof to Boeing on or before the first business day of the month in each Option Exercise Date shown below: Option Aircraft Option Exercise Date [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

  • Option Exercisability The Option shall terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall terminate.

  • Stock Option Exercise Agreement To exercise this Option, Participant (or in the case of exercise after Participant’s death or incapacity, Participant’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in the form attached hereto as Exhibit A, or in such other form as may be approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth, inter alia, (i) Participant’s election to exercise the Option, (ii) the number of Shares being purchased, (iii) any restrictions imposed on the Shares and (iv) any representations, warranties and agreements regarding Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option and such person shall be subject to all of the restrictions contained herein as if such person were the Participant.

  • Confirmation of Grant of Option Pursuant to a determination by the Board of Directors of the Company made as of April 19, 2001 (the "Date of Grant"), the Company hereby confirms that the Director has been granted effective April 19, 2001, as a matter of separate inducement and agreement, and in addition to and not in lieu of salary or other compensation for services to be rendered by the Director, the right to purchase (the "Option") 20,761 shares of Common Stock, $.01 par value, of the Company (the "Shares"), subject to adjustment as provided in Section 7 hereof.

  • Grant of Options The Company hereby grants Optionee the right and option ("Option") to purchase the above described Twenty Million (20,000,000) shares of Common Stock, on the terms and conditions set forth herein and subject to the provisions of the Form S-8 registration statement in exchange for services provided by Employee to the Company, the options shall vest immediately upon the exercise hereof.

  • Option Exercise Fee Subject to Section 3.2 of the Master Collaboration Agreement, the Parties acknowledge and agree that Celgene will pay the IND Option Exercise Fee (as defined in the Master Collaboration Agreement) for the Licensed Program in accordance with the Master Collaboration Agreement.

  • Option Exercise Period Check One:

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