Grant of Option Right. Pursuant to the Plan, the Company hereby grants to Optionee, as a Participant in the Plan and effective as of the Date of Grant (as defined in Section 3), an option right ("Option Right") to purchase ___ shares ("Option Shares") of the Company's common stock, par value $0.01 per share ("Common Shares"), at the price of $_________ per share (the "Option Price").
Grant of Option Right. Subject to and upon the terms, conditions and restrictions set forth in this Agreement and in the Company’s Long Term Incentive Plan (the “Plan”), the Company hereby grants to the Optionee as of the Date of Grant an option (the “Option Right”) to purchase Common Shares, at the price of $ . per share (the “Option Price”). This Option Right is intended to be a nonqualified stock option and shall not be treated as an “incentive stock option” within the meaning of that term under Section 422 of the Code.
Grant of Option Right. The Company hereby irrevocably grants to Optionee the right and option (the "Option Right") to purchase all or any part of an aggregate of up to 45,000 shares of common stock of the Company (the "Common Shares") on the terms and conditions set forth herein.
Grant of Option Right. On a Collaboration Target-by-Collaboration Target basis, BPM hereby grants to Roche during the Option Period an exclusive Option Right for each Collaboration Target to obtain the licenses set forth in Section 2.1.2, Section 2.1.3 and Section 2.1.4 with respect to such Collaboration Target, Licensed Products and Program.
Grant of Option Right. Subject to and upon the terms, conditions and restrictions set forth in this Agreement and in the NS Group, Inc. Equity Plan (the “Plan”), the Company hereby grants to the Optionee as of the Date of Grant an option (the “Option Right”) to purchase ___Common Shares, at the price of ___per share (the “Option Price”). This Option Right is intended to be an “incentive stock option” within the meaning of that term under Section 422 of the Code, and this Agreement shall be construed in a manner that will enable the Option Right to be so qualified.
Grant of Option Right. Subject to and upon the terms, conditions and restrictions set forth in this Agreement and in the NS Group, Inc. Non-Employee Director Equity Plan (the “Plan”), the Company hereby grants to the Non-Employee Director as of the Date of Grant an option (the “Option Right”) to purchase ___Common Shares, at the price of ___per share (the “Option Price”). This Option Right is intended to be a nonqualified stock option and shall not be treated as an “incentive stock option” within the meaning of that term under Section 422 of the Code.
Grant of Option Right. University grants Company a first option to obtain a worldwide, royalty-bearing, exclusive license (with the right to sublicense) under its commercial rights in the Patent Rights in the Field (the “Option Right”). Company may exercise the Option Right upon written notice to University which is received by University within eighteen (18) months after the Effective Date (the “Option Period”).
(a) If Company elects not to exercise the Option Right, or fails to exercise the Option Right during the Option Period, University may license its commercial rights under the relevant Patent Right to any third party.
(b) If Company does elect to exercise the Option Right, University and Company shall negotiate in good faith a license agreement containing commercially reasonable terms and conditions. If University and Company are unable to reach agreement within four (4) months after Company exercises the Option Right, University may offer its rights in the relevant Patent Right to any third parties.
Grant of Option Right. University grants Company a first option to obtain a worldwide, royalty-bearing, exclusive license (with a right to sublicense) under its commercial rights in the Patent Rights in the Field (the “Option Right”). Company may exercise the Option Right upon written notice to University which is received by University within twelve (12) months following the Effective Date (the “Option Period”).
(a) If Company elects not to exercise the Option Right, or fails to exercise the Option Right during the Option Period, University may license its commercial rights under the Patent Rights to any third party. For the avoidance of doubt, University will not grant additional options or license its commercial rights unless and until Company elects not to exercise the Option Right or until the Option Period expires.
(b) If Company does elect to exercise the Option Right, University and Company shall negotiate in good faith a license agreement containing commercially reasonable terms and conditions, including University’s retained rights to use the Patent Rights for bona fide non-commercial academic research and teaching purposes. If University and Company are unable to reach agreement within three (3) months after Company exercises the Option Right, University may offer its rights in the Patent Right to any third party.
Grant of Option Right. University grants ANI a first option to obtain a worldwide, royalty-bearing, non-exclusive license (without the right to sublicense) wider its rights in the Patent Rights in the Field (the “Option Right”). ANI may exercise the Option Right upon written notice to University, which is received by University within twelve (12) months after the Effective Date (the “Option Period”). If ANI elects not to exercise the Option Right, or fails to exercise the Option Right during the Option Period, University may License its commercial rights under the relevant Patent Right to any third party. If ANI does elect to exercise the Option Right, University and ANI shall negotiate in good faith a license agreement containing commercially reasonable terms and conditions. If University and ANI are unable to reach agreement within six (6) months after ANI exercised the Option Right (the “Negotiation Period”), University may offer its rights in the relevant Patent Right to any third parties.
Grant of Option Right. IEM hereby grants CONNECTYX an option to pay Fifty-Thousand US Dollars for an exclusive worldwide, royalty-free, perpetual license available under the PATENT RIGHTS. CONNECTYX may exercise the Option Right upon written notice to IEM received by Jxxxxxx Xxxx at any time prior to the date that is one year after the EFFECTIVE DATE (the “Option Period”). If CONNECTYX does not elect to exercise the Option Right, or fails to exercise the Option Right during the Option Period, IEM shall be free to license its rights under the relevant PATENT RIGHTS to any third party and this Agreement shall terminate. If CONNECTYX does elect to exercise the Option Right, IEM and CONNECTYX shall negotiate in good faith a license agreement containing commercially reasonable terms and conditions. If IEM and CONNECTYX are unable to reach agreement within thirty (30) days after CONNECTYX has exercised the Option Right, this Agreement shall terminate. Thereafter, IEM may offer its rights in the PATENT RIGHTS to any third parties.
