Grant of the Options. The Fund hereby grants to the Optionee the right to purchase (the "Option") all or any part of the Option Interests from the Fund exercisable from the latest date Bidder accepts for payment Units tendered pursuant to a Tender Offer until that date which is six months after the date the Option becomes exercisable (the "Option Period"), at a purchase price (the "Purchase Price") equal to five percent (5%) of the aggregate consideration paid and expenses incurred by the Bidder for the Units in the Tender Offer together with interest at a rate of 20% per annum based on a year of 366 days (calculated from and after the date of the closing of the Tender Offer through and including the date of the closing of the Option). If Optionee does not exercise the entire Option, the Purchase Price shall be reduced pro rata in accordance with the percentage of the entire Option exercised by the Optionee;
Grant of the Options. Subject to the terms and conditions of this Agreement, the Corporation hereby grants to Optionee the right to purchase (individually referred to as the "Option" or collectively referred to as the "Options") from the Corporation Five Hundred Thousand (500,000) shares of the Common Stock (the "Option Shares"), subject to the following vesting schedule, at the per share purchase price equal to the closing price of the Corporation's Common Stock on the day preceding the date of this Agreement but in no event less than $0.625 per share for a five (5) year period commencing on the date hereof:
(i) 125,000 Option Shares shall vest on the date hereof;
(ii) 125,000 Option Shares shall vest one (1) year from the date hereof;
(iii) 125,000 Option Shares shall vest two (2) years from the date hereof;
(iv) 125,000 Option Shares shall vest three (3) years from the date hereof
Grant of the Options. The Company hereby grants to the Participant Options to purchase #Granted Shares on the terms and conditions set forth in this Agreement. The purchase price of the Shares subject to the Options shall be US $Option Price per Share (the “Option Price”). The Options are not intended to be treated as incentive stock options that comply with Section 422 of the Code.
Grant of the Options. The Company hereby grants to the Participant the right and option to purchase, on the terms and conditions hereinafter set forth and subject to adjustment as set forth in the Plan, Options to purchase any part or all of an aggregate of 24,200 Shares. The purchase price of the Shares subject to the Options shall be US $43.74 per Share (the “Option Price”). The Options are intended to be non-qualified stock options, and are not intended to be treated as options that comply with Section 422 of the Code.
Grant of the Options. The Company hereby grants to the Participant -------------------- the right and option to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 176,153 Shares (the "Option"), subject ------ to adjustment from time to time pursuant to the Plan. The purchase price of the Shares subject to the Option shall be $16.00 per Share, subject to adjustment from time to time pursuant to the provisions of the Plan. The Options are intended to be non-qualified stock options, and are not intended to be treated as options that comply with Section 422 of the Internal Revenue Code of 1986, as amended.
Grant of the Options. Subject to the provisions of this Agreement, SGI hereby grants to EOS an exclusive Option for each Research Antigen designated pursuant to Section 2.1 to obtain the Exclusive License set forth in Section 4.2.1 during the Option Period.
Grant of the Options. Subject to the terms and conditions of this Agreement, the Corporation hereby grants to Optionee the right to purchase (individually referred to as the "Option" or collectively referred to as the "Options") from the Corporation 1,279,722 shares of the Common Stock (the "Option Shares"), subject to the following vesting schedule, at the per share purchase price equal to $.63, the closing price of the Corporation's Common Stock on January 23, 2001: Option Shares shall vest in 8 equal tranches on June 30th and December 31st of 2001, 2002, 2003 and 2004, respectively.
Grant of the Options. In consideration of:
Grant of the Options. The Company hereby grants to the Participant the right and option to purchase, on the terms and conditions hereinafter set forth and subject to adjustment as set forth in the Plan, (i) a Time Option to purchase any part or all of an aggregate number of Shares set forth on the signature page hereof, and (ii) an Option in Respect of Warrants to purchase any part or all of an aggregate number of Shares set forth on the signature page hereof. The purchase price of the Shares subject to the Options shall be $ .00 per Share (the “Option Price”). The Options are intended to be non-qualified stock options, and are not intended to be treated as options that comply with Section 422 of the Code.
Grant of the Options. 2.1 In consideration of the Grantee agreeing to enter into the Sale and Purchase Agreement and, subject to the completion of the Sale and Purchase Agreement in accordance with its terms,
2.1.1 the Grantors hereby grant to the Grantee an irrevocable and, subject to the terms of this Deed, unconditional right to purchase all (but not part only) of the Option Shares at the Exercise Price (subject to adjustment in Clause 3) at any time during the Option Period; or
2.1.2 if the Grantee, whether by itself or through other entities, makes a general offer for the Shares under the Takeovers Code at a price not less than the Acquisition Price during the Option Period,
(i) each of the Grantors shall, if required by the Grantee, accept such general offer in relation to the Option Shares, and shall, if required by the Grantee, enter into irrevocable undertakings in the form set out in Schedule 4 (the “Irrevocable Undertaking”) hereof to accept such general offer;
(ii) if the general offer becomes unconditional, the Grantors shall receive the final offer price in accordance with the terms of the general offer;
(iii) the Options granted under Clause 2.1.1 shall not be exercised; and
(iv) subject to Clause 4.4, the Grantee shall exercise the HC Construction Option at the same time, provided that:
(i) the Grantors shall not be required to execute any Irrevocable Undertaking unless the Grantee shall have fulfilled its obligations under Clause 4.4; and
(ii) if such general offer does not become wholly unconditional, the Grantee shall have no obligation to purchase any of the Option Shares or the Beijing Huicong Option Equity Interests, notwithstanding any prior exercise of such options; and
2.1.3 each of the Grantors irrevocably and unconditionally undertakes not to sell, transfer, dispose of, charge, encumber or otherwise deal with in any way the relevant Option Shares (or any interest therein) which are legally and/or beneficially owned by them during the Option Period, save with the prior written consent of the Grantee.
2.2 Subject to the terms and conditions of this Deed, the Grantors shall, on exercise of the Options, sell or procure the sale of the Option Shares and the Grantee shall purchase the Option Shares, free from any claim, options, charge, lien, equity, encumbrance, rights of pre-emption or any other third party rights of whatsoever nature together with all rights attached or accruing thereto on and after date of such exercise.
2.3 All rights (save for the vot...
