Limitations on Incentive Stock Options Granted to Ten Percent Stockholders. A Ten Percent Stockholder may not be granted an Incentive Stock Option unless (i) the exercise price of such Option is at least 110% of the Fair Market Value on the date of grant of such Option and (ii) the Option is not exercisable after the expiration of five years from the date of grant of such Option.
Appears in 10 contracts
Samples: Business Combination Agreement (Phoenix Biotech Acquisition Corp.), Merger Agreement (Vickers Vantage Corp. I), Merger Agreement (Supernova Partners Acquisition Co II, Ltd.)
Limitations on Incentive Stock Options Granted to Ten Percent Stockholders. A Ten Percent Stockholder may not be granted an Incentive Stock Option unless (i1) the exercise price of such Option is at least 110% of the Fair Market Value on the date of grant of such Option and (ii2) the Option is not exercisable after the expiration of five years from the date of grant of such Option.
Appears in 5 contracts
Samples: Merger Agreement (Talaris Therapeutics, Inc.), Merger Agreement (Viveon Health Acquisition Corp.), Merger Agreement (Clearday, Inc.)
