Grant of Option; Purchase Price. Subject to the terms and conditions herein set forth, the Company hereby irrevocably grants from the Plan to Employee the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of the number of shares of common stock, $0.01 par value, of the Company (the “Shares”) set forth at the end of this Agreement after “Number of Shares” at the price per Share set forth at the end of this Agreement after “Purchase Price.”
Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from the Plan to Executive the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 50,000 shares of common stock, $0.01 par value per share, of the Company (the “Shares”) at a purchase price per Share equal to $6.94, which price is intended to be at least 100% of the fair market value of the Company’s common stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).
Grant of Option; Purchase Price. 1.1 The Company hereby grants to the Option Holder the right and option (the "Option") to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of ______ shares of the Common Stock, $1.00 par value per share, of the Company (the "Shares").
1.2 The purchase price of the Shares shall be $________ per Share, without commission or other similar charge.
1.3 The Option is hereby designated and intended to be either (mark one): (a) an Incentive Sxxxx Option as defined under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"); or (b) ___ a Nonqualified Stock Option (i.e., a stock option which is not an Incentive Stock Option).
Grant of Option; Purchase Price. Subject to the terms and conditions herein set forth, the Company hereby irrevocably grants from the Plan to Optionee the right and option, hereinafter called the “Option,” to purchase all or any part of an aggregate of 1,000,000 shares of common stock, $.01 par value, of the Company (the “Shares”) at the exercise price per Share of $0.14 (the “Exercise Price”), such Exercise Price to be not less than One Hundred Percent (100%) of the Fair Market Value (as defined in the Plan) of the Common Stock on the date of this Agreement.
Grant of Option; Purchase Price. Subject to the terms and conditions herein set forth, the Company hereby irrevocably arants from the Plan to Employee the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of the number of shares of common stock, $.00001 par value per share, of the Company (the “Shares”) set forth at the end of this Agreement after “Number of Shares:” at the price per Share set forth at the end of this Agreement after “Purchase Price:”, which price is intended to be at least 100% of the fair market value of the Company’s common stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).
Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement, the Company hereby grants to Founder the right and option, hereinafter called the “Option,” to purchase all or any part of an aggregate number of shares of Common Stock equal to twenty-five percent (25%) of the shares comprising the Founders’ Option Pool (the shares comprising Founder’s percentage of the Founders’ Option Pool are referred to herein as the “Shares”). The Option will be exercisable, subject to the satisfaction of vesting conditions contain herein, at a price per Share equal to the public offering price of the Common Stock in the IPO (the “Exercise Price”).
Grant of Option; Purchase Price. (a) Subject to the terms and conditions set forth herein, each of the Grantors hereby grants to Grantee an irrevocable option (the "Option") to purchase all, but not less than all, of the shares of common stock, no par value, of Jillian's Boston set forth opposite such Grantor's name on Schedule 1 hereto (collectively, the "Option Shares") for an aggregate cash purchase price (the "Purchase Price") as set forth below; such Option Shares being all of the issued and outstanding equity securities of Jillian's Boston.
(b) The aggregate Purchase Price for the Option Shares shall be, 6.0 times Jillian's Boston's trailing 12-month EBITDA (as defined below), valued on a debt-free basis, subject to adjustment as set forth below. In the event that the exercise of the Option occurs in connection with an initial public offering of the common stock of Holdings, Grantee or any subsidiary of Grantee (the "IPO Common Stock"), then the aggregate Purchase Price shall be: (i) adjusted to 6.5 times Jillian's Boston's trailing 12-month EBITDA, valued on a debt-free basis, if the initial public offering price of the IPO Common Stock is at least 10.0 times the issuer's prospective 12-month EBITDA as reflected in the latest issuer projections furnished to the underwriters prior to the offering (the "Issuer's Prospective 12-month EBITDA") and less than 11.0 times the Issuer's Prospective 12-month EBITDA or (ii) adjusted to 7.0 times Jillian's Boston's trailing 12-month EBITDA, valued on a debt-free basis, if the initial public offering price of the IPO Common Stock is at least 11.0 times the Issuer's Prospective 12-month EBITDA. In the event that there is an initial public offering of the IPO Common Stock prior to, and not in connection with, the exercise of the Option, then the aggregate Purchase Price shall be: (i) adjusted to 6.5 times Jillian's Boston's trailing 12-month EBITDA, valued on a debt-free basis, if the Fair Market Value (as defined below) of such stock, as of the date of exercise of the Option, is at least 10.0 times the issuer's prospective 12-month EBITDA as reflected in the latest issuer budget approved by the issuer's board of directors and less than 11.0 times the issuer's prospective 12-month EBITDA as reflected in the latest issuer budget approved by the issuer's board of directors or (ii) adjusted to 7.0 times Jillian's Boston's trailing 12-month EBITDA, valued on a debt-free basis, if the Fair Market Value of such stock, as of the date of exercise of the O...
Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from the Plan to Director the right and option (the “Option”) to purchase all or any part of an aggregate of 40,000 shares of common stock, $0.0001 par value per share, of the Company (the “Shares”), at a purchase price per Share equal to USD $5.66, which price is intended to be at least 100% of the fair market value of the Company’s common stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value). Each exercise of all or a portion of the Option shall be executed only upon Director’s completion of the Non-Qualified Stock Option Exercise Form attached hereto (the “Exercise Form”) and full payment of the exercise price as identified on the Exercise Form.
Grant of Option; Purchase Price. To enable the Employee to acquire a ------------------------------ proprietary interest in the Company, the Company hereby grants to the Employee options to purchase (the "Options") _____________________Thousand (___,000) shares of the Company's Common Stock (having par value $.01) ("the Shares") in the amounts and at the times ("Vesting Date") as follows, and otherwise on the terms set forth below:
Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from the Plan to Executive the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 427,001 shares of Common Stock (the “Shares”) at a purchase price per Share equal to $3.47, which price is intended to be at least 100% of the fair market value of the Company’s Common Stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value). Executive acknowledges and agrees that the Option granted pursuant to this Agreement is in lieu of (and not in addition to) the Proposed IPO Option and satisfies in its entirety the Company’s obligation to grant the Proposed IPO Option pursuant to Section 3(c)(iii) of the Employment Agreement.
