GRANT OF OPTIONS TO FXEN AND APACHE Sample Clauses

GRANT OF OPTIONS TO FXEN AND APACHE. 4.1 POGC hereby grants to APACHE an option to take an interest of up to thirty three and one-third percent (33.333%) in all or any one or more of the POGC Concessions as specified in, Definitions. POGC hereby grants to FXEN an option to take an interest of up to thirty three and one-third percent (33 333%) in all or any one or more of the POGC Concessions as specified in Definitions. 4.2 FXEN and APACHE each may exercise its option independently of the other and each may exercise its option on a "Usufruct by Usufruct" or "Concession by Concession" basis; that is, each may take an interest in one, or several, or al1 of the POGC Concessions.
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GRANT OF OPTIONS TO FXEN AND APACHE. 4.1 POGC hereby grants to APACHE an option to take an interest of up to thirty three and one-third percent (33.333%) in all or any one or more of the POGC Concessions as specified in Definitions. POGC hereby grants to FXEN an option to take an interest of up to thirty three and one-third percent (33.333%) in all or any one or more of the POGC Concessions as specified in Definitions.
GRANT OF OPTIONS TO FXEN AND APACHE. 5.1 POGC hereby grants to APACHE and FXEN the following options to participate in the POGC Usufructs:

Related to GRANT OF OPTIONS TO FXEN AND APACHE

  • 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.

  • 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.

  • 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 Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • Grant of Stock Appreciation Rights Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants this Award to the Participant on the Grant Date on the terms set forth on the cover page of this Agreement, as more fully described in this Attachment A. This Award is granted under the Plan, which is incorporated herein by this reference and made a part of this Agreement.

  • Grant of Stock Appreciation Right Subject to the terms and conditions provided in this Agreement and the Plan, the Company hereby grants to the Recipient a stock appreciation right covering ______ shares of Common Stock (the "SAR"), effective as of the Grant Date.

  • Options to Purchase There are no options to purchase, rights of first refusal or other similar agreements with respect to the Property which will survive Closing which give anyone the right to purchase the Property or any part thereof. There are no contracts or agreements which affect the Property, except as set forth herein.

  • Conditions to Purchase of Option Shares In the event that the Underwriters exercise their option provided in Section 3(b) hereof to purchase all or any portion of the Option Shares, the representations and warranties of the Company contained herein and the statements in any certificates furnished by the Company hereunder shall be true and correct as of each Date of Delivery and, at the relevant Date of Delivery, the Representative shall have received:

  • 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.

  • Grant of Option; Conditions Tenant shall have the right (the “Extension Option”) to extend the Term for one (1) additional period of five (5) years beginning on the day immediately following the expiration date of the Lease and ending on the fifth anniversary of such expiration date (the “Extension Term”), if:

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