New Options. This Option may be divided or combined with other Options upon presentation hereof at the aforesaid office of the Company, together with a written notice specifying the names and denominations in which new Options are to be issued, signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Option or Options in exchange for the Option or Options to be divided or combined in accordance with such notice.
New Options. This Option may be divided or combined with other Options upon presentation hereof at the aforesaid office of the Company, together with a written notice specifying the names and denominations in which new Options are to be issued, signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Option or Options in exchange for the Option or Options to be divided or combined in accordance with such notice. All Options issued on transfers or exchanges shall be dated the Initial Exercise Date and shall be identical with this Option except as to the number of Option Shares issuable pursuant thereto.
New Options. 4.1 In consideration of Fortissimo accelerating each Additional Closing, the Company will use its best efforts to obtain shareholder approval at its next shareholder meeting in order to approve the grant of a new option (the “New Option”) to Fortissimo that will provide to Fortissimo an option to acquire the identical amount of shares and warrants at the same terms as were available to Fortissimo at each Additional Closing.
4.2 In the event that the grant of a New Option is approved by the shareholders of the Company, the Company shall have the ability to acquire the Additional Shares and the Additional Warrants that were issued to Fortissimo at each Additional Closing with respect to which a New Option was granted, at the same price at which such securities were acquired plus 8% interest per annum for a period of twelve months from the date the new Option was issued.
New Options. 2 Nortek.........................................................................1
New Options. Employer shall grant Executive an option under Employer's 2004 Equity Incentive Plan, as amended (the "Equity Plan") to purchase five hundred seventy-five thousand (575,000) shares of Employer's common stock at an exercise price equal to the fair market value of the stock as of the grant date of grant (collectively the "Option"). The shares subject to the Option shall vest pursuant to a three-year vesting schedule, which shall provide one thirty-sixth (1/36th) of the shares subject to the Option shall vest for each month of continuous full-time service following the grant date, provided, however, that in the event that Employer completes an initial public offering of its stock (an "IPO"), Employer shall accelerate the vesting of 25% (143,750) of the shares subject to the Option, with 15,973 of the remaining unvested option shares to vest for each month of continuous full-time service thereafter. All other terms, conditions and limitations of the Options will be set forth in the Equity Plan and in the stock option grant notices and stock option agreements approved by the Board
New Options. In the event LDI issues New Options to its employees, effective upon the Closing, WAXS shall have converted such New Options into options to purchase WAXS Common Stock.
New Options. In addition to the compensation described in Section 3 hereof, the Company, as of May 22, 2000, entered into a Stock Option Agreement with the Executive granting the Executive options (the "OPTIONS") to purchase 1,000,000 shares of common stock of the Company at the market price on the close of business on May 22, 2000.
New Options. If, after the date hereof, the persons listed in the Schedule B hereto (the “Officers”) are to directly or indirectly acquire the Share of the Company or its subsidiaries through Stock Plan (the “New Options”), the Company will include in the agreements granting the New Options covenants that the Officers will carry out their duties of loyalty and confidentiality and covenant not to compete, the breach of which covenants will cause the forfeiture of New Options and liability for breach of contracts.
New Options. In the event additional options to purchase Common Stock vest prior to the Closing, Lubrizol shall exercise, or cause to be exercised, such options, the resulting shares of Common Stock shall be included in Seller's Shares and the L Purchase Price shall be increased by an amount equal to (a) the number of shares of Common Stock, if any, resulting from the exercise of such options multiplied by (b) the difference between $13 and the average option exercise price for such options.
New Options. At the Effective Time, by virtue of the Merger and without any action on the part of any holder of any ECI Option, each ECI Option, whether vested or unvested, exercisable or unexercisable, shall be deemed to constitute an option (a "New Option") to purchase, on the same terms and conditions as were applicable under the terms of the ECI Employee Stock Option Plan, a number of shares of Microfield Common Stock at an exercise price per share determined respectively as follows:
