Initial Exercise Date. Outstanding vested Options may not be exercised earlier than the first anniversary of the Date of Grant of the Options (the “Initial Exercise Date”); provided that the condition set forth in this Paragraph 9(b) shall be waived if your employment with the Company is terminated by reason of death, Disability or Retirement as provided in Paragraph 4(b) or 7(a).
Initial Exercise Date. This Warrant was issued pursuant to a Loan Agreement among the Company and three Subscribers, pursuant to which the Company issued a 2024 Secured Note and a Warrant to each of the Subscribers. This Warrant will become exercisable on December 2, 2024 (the “Initial Exercise Date”) and for five years thereafter if but only if (i) the 2024 Secured Note issued to the Holder remains unsatisfied at the close of business on November 29, 2024 and (ii) the Subscriber to whom this Warrant was initially issued remains the Payee of that 2024 Secured Note. If either of the aforesaid conditions are not satisfied, then the rights of the Holder of this Warrant as such shall terminate at the close of business on November 29, 2024.
Initial Exercise Date. The “Initial Exercise Date” of the Warrants shall be amended to mean the effective date (the “Amendment Effectiveness Date”) of the upcoming amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of Common Stock.
Initial Exercise Date. Beginning at 9:00 A.M., New York time, on the date hereof and until the Expiration Date, inclusive, the Warrant Holder shall have the option to purchase Common Stock hereunder at the Exercise Price, subject to adjustment as provided in paragraph 7 hereof.
