Option Exercise Price and Consideration. (a) Except as provided in Section 12, the exercise price per Class B Share for the Class B Shares to be issued upon exercise of an Option shall be such price as is determined by the Board.
Appears in 7 contracts
Samples: Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC), Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC), Limited Liability Company Operating Agreement (Biodelivery Sciences International Inc)