Common use of Option Provisions Clause in Contracts

Option Provisions. Each Option granted under the Plan shall be evidenced by an Award Agreement. Each Option so granted shall be subject to the conditions set forth in this Section 6, and to such other conditions not inconsistent with the Plan as may be reflected in the applicable Award Agreement. All Options shall be separately designated Incentive Stock Options or Non-qualified Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased on exercise of each type of Option. Notwithstanding the foregoing, the Company shall have no liability to any Participant or any other person if an Option designated as an Incentive Stock Option fails to qualify as such at any time or if an Option is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the terms of such Option do not satisfy the requirements of Section 409A of the Code. The provisions of separate Options need not be identical, but each Option shall include (through incorporation of provisions hereof by reference in the Option or otherwise) the substance of each of the following provisions:

Appears in 2 contracts

Samples: Registration Rights Agreement (Monterey Capital Acquisition Corp), Agreement and Plan of Merger (Fortune Rise Acquisition Corp)

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Option Provisions. Each Option granted under the this Plan shall will be evidenced by an Award Agreement. Each Option so granted shall will be subject to the conditions set forth in this Section 6, and to such all other conditions not inconsistent with the this Plan as may be reflected in the applicable Award Agreement. All Options shall will be separately designated Incentive Stock Options or Non-qualified Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased on upon exercise of each type of Option. Notwithstanding the foregoing, the Company shall will have no liability to any Participant or any other person if an Option designated as an Incentive Stock Option fails to qualify as such at any time or if an Option is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the terms of such the Option do not satisfy the requirements of Section 409A of the Code. The provisions of separate Options need not be identical, but each Option shall must include (through incorporation of provisions hereof of this Plan by reference in the Option or otherwise) the substance of each of the following provisions:

Appears in 2 contracts

Samples: Employment Agreement (Evolution Development Group, Inc.), Employment Agreement (Evolution Development Group, Inc.)

Option Provisions. Each Option granted under the Plan shall be evidenced by an Award Agreement. Each Option so granted shall be subject to the conditions set forth in Section 5 and this Section 6, and to such other conditions not inconsistent with the Plan as may be reflected set forth in the applicable Award Agreement. All Options shall be separately designated Incentive Stock Options or Non-qualified Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased on exercise of each type of Option. Notwithstanding the foregoing, the Company shall have no liability to any Participant or any other person Person if an Option designated as an Incentive Stock Option fails to qualify as such at any time or if an Option is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the terms of such Option do not satisfy the requirements of Section 409A of the Code. The provisions of separate Options need not be identical, but each Option shall include (through incorporation of provisions hereof by reference in the Option or otherwise) the substance of each of the following provisions:

Appears in 1 contract

Samples: Tax Receivable Agreement (Collier Creek Holdings)

Option Provisions. Each Option granted under the Plan shall be evidenced by an Award Agreement. Each Option so granted shall be subject to the conditions set forth in this Section 6VI, and to such other conditions not inconsistent with the Plan as may be reflected in the applicable Award Agreement. All Options shall be separately designated Incentive Stock Options or Non-qualified Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased on exercise of each type of Option. Notwithstanding the foregoing, the Company shall have no liability to any Participant or any other person if an Option designated as an Incentive Stock Option fails to qualify as such at any time or if an Option is determined to constitute "nonqualified deferred compensation" within the meaning of Section 409A of the Code and the terms of such Option do not satisfy the requirements of Section 409A of the Code. The provisions of separate Options need not be identical, but each Option shall include (through incorporation of provisions hereof by reference in the Option or otherwise) the substance of each of the following provisions:

Appears in 1 contract

Samples: Note Purchase Agreement (BioCorRx Inc.)

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Option Provisions. Each Option granted under the this Plan shall will be evidenced by an Award Agreement. Each Option so granted shall will be subject to the conditions set forth in this Section 6, and to such all other conditions not inconsistent 1A-6-11 with the this Plan as may be reflected in the applicable Award Agreement. All Options shall will be separately designated Incentive Stock Share Options or Non-qualified Stock Share Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock Class C Shares purchased on upon exercise of each type of Option. Notwithstanding the foregoing, the Company shall will have no liability to any Participant or any other person if an Option designated as an Incentive Stock Share Option fails to qualify as such at any time or if an Option is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the terms of such the Option do not satisfy the requirements of Section 409A of the Code. The provisions of separate Options need not be identical, but each Option shall must include (through incorporation of provisions hereof of this Plan by reference in the Option or otherwise) the substance of each of the following provisions:

Appears in 1 contract

Samples: Armed Forces Brewing Company, Inc.

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