Common use of Opportunity for Review Clause in Contracts

Opportunity for Review. Optionee and the Company agree that this Option is granted under and governed by the terms and conditions of the 2016 Plan and this Option Agreement. The Optionee has reviewed the 2016 Plan and this Option Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option Agreement and fully understands all provisions of the 2016 Plan and this Option Agreement. The Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the 2016 Plan and this Option Agreement. The Optionee further agrees to notify the Company upon any change his or her residence address. The Optionee and the Company further agree that the Option is granted under and governed by Section 102 and the Trust Agreement. Furthermore, the Optionee agrees that the Option and any underlying Shares will be issued to or controlled by the Trustee for the Optionee’s benefit, pursuant to the terms of the Ordinance, including any regulations, rules, orders and procedures promulgated thereunder and the Trust Agreement. Optionee confirms that he or she is familiar with the terms and provisions of Section 102 and the Trust Agreement and agrees that during the Lockup Period in accordance with Section 102, he or she will not require the Trustee to release the Option or Shares to him or her, or to sell the Option or Shares to a third party, unless permitted to do so by applicable law and he or she bears the full implications of such request.

Appears in 2 contracts

Samples: Stock Option Agreement (Motus GI Holdings, Inc.), Stock Option Agreement (Motus GI Holdings, Inc.)

AutoNDA by SimpleDocs

Opportunity for Review. Optionee and the Company agree that this Option is granted under and governed by the terms and conditions of the 2016 Plan and this Option Agreement. The Optionee has reviewed the 2016 Plan and this Option Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option Agreement and fully understands all provisions of the 2016 Plan and this Option Agreement. The Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the 2016 Plan and this Option Agreement. The Optionee further agrees to notify the Company upon any change in his or her residence address. The Optionee and the Company further agree that the Option is granted under and governed by Section 102 and the Trust Agreement. Furthermore, the Optionee agrees that the Option and any underlying Shares will be issued to or controlled by the Trustee for the Optionee’s benefit, pursuant to the terms 3(i) of the Ordinance, including any regulations, rules, orders and procedures promulgated thereunder and the Trust Agreement. Optionee confirms that he or she is familiar with the terms and provisions of Section 102 3(i) of the Ordinance, including any regulations, rules, orders and procedures promulgated thereunder and the Trust Agreement and agrees that during the Lockup Period in accordance with Section 102, he or she will undertakes not require the Trustee to release the exercise and not to sell any Option or Shares to him or herunless the Optionee pays all taxes which may arise in connection with such exercise, or to sell the Option or Shares to a third party, unless permitted to do so by applicable law and he or she bears the full implications of such requestsale and/or transfer.

Appears in 2 contracts

Samples: Stock Option Agreement (Motus GI Holdings, Inc.), Stock Option Agreement (Motus GI Holdings, Inc.)

Opportunity for Review. Optionee and the Company agree that this Option is granted under and governed by the terms and conditions of the 2016 Plan and this Option Grant Agreement. The Optionee has reviewed the 2016 Plan and this Option Grant Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option Grant Agreement and fully understands all provisions of the 2016 Plan and this Option Grant Agreement. The Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the 2016 Plan and this Option Grant Agreement. The Optionee further agrees to notify the Company upon any change in his or her residence address. The Optionee and the Company further agree that the Option is granted under and governed by Section 102 and the Trust Agreement. Furthermore, the Optionee agrees that the Option and any underlying Shares will be issued to or controlled by the Trustee for the Optionee’s benefit, pursuant to the terms of the Ordinance, including any regulations, rules, orders and procedures promulgated thereunder and the Trust Agreement. Optionee confirms that he or she is familiar with the terms and provisions of Section 102 and the Trust Agreement and agrees that during the Lockup Period in accordance with Section 102, he or she will not require the Trustee to release the Option or Shares to him or her, her or to sell the Option or Shares to a third party, unless permitted to do so by applicable law and he or she bears the full implications of such request.

Appears in 2 contracts

Samples: Stock Option Grant Agreement (Motus GI Holdings, Inc.), Stock Option Grant Agreement (Motus GI Holdings, Inc.)

AutoNDA by SimpleDocs

Opportunity for Review. Optionee and the Company agree that this Option is granted under and governed by the terms and conditions of the 2016 Plan Plan, this Grant Agreement, Section 102, the Rules, the Trust Agreement, any applicable ITA rulings or guidelines and the Company procedures in connection with the grants of Options. In addition, the Optionee agrees that this Option or any Shares issued upon exercise of this Option shall be issued to the Trustee to hold on the Optionee’s behalf pursuant to the terms of Section 102, the Rules, the Trust Agreement, any applicable ITA rulings or guidelines and the Company procedures in connection with the grants of Options. Furthermore, the Optionee confirms that the Optionee is familiar with the terms and provisions of Section 102(b) of the ITO, particularly the 102 Capital Gains Track described therein, and agrees not to require the Trustee to release this Option or any Shares issued upon exercise of this Option to the Optionee, or to transfer or sell this Option or the Shares of to a third party during the Required Holding Period, as set forth in the Sub-Plan, unless permitted to do so by applicable law. The Optionee has reviewed the 2016 Plan and this Option Grant Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option Agreement and Grant Agreement, fully understands all provisions of the 2016 Plan and this Option Grant Agreement, and confirms that the Trust Agreement has been provided to the Optionee or made available for the Optionee’s review. The Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the 2016 Plan and this Option Grant Agreement. The Optionee further agrees to notify the Company upon any change his or her in the residence address. The Optionee and the Company further agree that the Option is granted under and governed by Section 102 and the Trust Agreement. Furthermore, the Optionee agrees that the Option and any underlying Shares will be issued to or controlled by the Trustee for the Optionee’s benefit, pursuant to the terms of the Ordinance, including any regulations, rules, orders and procedures promulgated thereunder and the Trust Agreement. Optionee confirms that he or she is familiar with the terms and provisions of Section 102 and the Trust Agreement and agrees that during the Lockup Period in accordance with Section 102, he or she will not require the Trustee to release the Option or Shares to him or her, or to sell the Option or Shares to a third party, unless permitted to do so by applicable law and he or she bears the full implications of such requestaddress indicated herein.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Cyabra Strategy Ltd.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!