Grant of Third Option Sample Clauses

Grant of Third Option. The members of the CSG Group hereby grant to Xxxxxx the sole and exclusive right and option, in accordance with the other provisions of this Article 6, on or before the second (2nd) anniversary of the Third Option Commencement Date (“Third Option Deadline”), to acquire an additional 10% Earned Interest, for an aggregate 85% Earned Interest, free and clear of all Encumbrances except the Existing Royalties (“Third Option”).
Sample 1
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Grant of Third Option. Optionor hereby grants to Optionee an option and right (the "Third Option") to purchase the Phase I Option Property at the price and on both the terms and conditions set forth in this Section 4 and the terms and conditions set forth in the remainder of this Option Agreement (other than in Sections 2 and 3, the provisions of which shall not be applicable to the Third Option herein granted). Subject to the provisions of Section 21, Optionor shall, however, be obligated to construct the improvements required to be constructed by Optionor pursuant to the Leasehold Improvements Agreement prior to the closing of the Escrow, as more fully provided in Section4.8, and such improvements shall be deemed to be a part of the Phase I Option Property upon the completion of such construction.
Sample 1
Grant of Third Option. 20 4.2. Term of Third Option........................................................................ 20 4.3. Method of Exercise of Third Option.......................................................... 20 4.4. Effect of Exercise of Third Option.......................................................... 20 4.5. Amount of Third Option Purchase Price....................................................... 21 4.6. Agreement of the Parties as to Third Option Purchase Price.................................. 21 4.7. Payment of Third Option Purchase Price...................................................... 21 4.8.
Sample 1
Grant of Third Option. On the Second Option Exercise Date and upon and subject to the terms and conditions hereof, the Iconic Parties will immediately and without any further action whatsoever be deemed to have granted to Nevada Lithium the sole, exclusive and irrevocable right and option to acquire an additional 15% Interest (for an aggregate 50% Interest) (the “Third Option”), free and clear of all Encumbrances (other than Permitted Encumbrances).
Sample 1

Related to Grant of Third Option

  • 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.

  • 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 the Option The Company hereby grants to the Participant 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, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option shall be $ (the “Option Price”). The Option is intended to be a non-qualified stock option, and is not intended to be treated as an option that complies with Section 422 of the Internal Revenue Code of 1986, as amended.

  • Second Option If Tenant exercises the First Option, Landlord grants Tenant an additional option (the "Second Option") to extend the term of the Lease for one (1) additional term of five (5) years (the "Second Option Term"). The Second Option applies only to the Premises and is on the following conditions:

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

  • 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.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Grant of Call Option The Shareholder agrees to grant the Company or the Designee(s) hereby irrevocably and without any additional conditions with a Call Option, under which the Company or the Designee(s) shall have the right to require the Shareholder to transfer the Option Equity to the Company or the Designee(s) in such method as set out herein and as permitted by PRC Law. The Company or the Designee(s) also agrees to accept such Call Option.

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