Grants or Options Clause Samples
The "Grants or Options" clause defines the terms under which a party may be granted rights to acquire shares or other equity interests in a company, typically through stock options or similar instruments. This clause outlines eligibility, vesting schedules, exercise price, and any conditions or restrictions on the grant or exercise of options. By clearly specifying how and when such rights can be exercised, the clause ensures both parties understand the mechanisms for potential future ownership, thereby preventing disputes and aligning incentives.
Grants or Options. This Agreement does not affect the terms and conditions controlling, or status of, any stock options or grants of restricted stock which previously have been or later may be awarded to the Associate. Any vested stock options or grants of restricted stock are governed by the terms of the letters by which they were made, which are incorporated herein by reference as if set forth in full in this Agreement.
Grants or Options. This Agreement does not affect the terms and conditions controlling, or status of, any stock options or grants of restricted stock which previously have been or later may be awarded to the Associate, except as provided in Article 3.
2. Any vested stock options or grants of restricted stock are governed by the terms of the letters by which they were made, subject to Article 3.2, which are incorporated herein by reference as if set forth in full in this Agreement.