Option to Purchase Common Stock Sample Clauses
Option to Purchase Common Stock a. The Corporation hereby grants to the Holder an option (the "Option") to purchase from the Corporation 250,000 Option Shares, at a purchase price of $.10 per Option Share (the "Option Price"). The Holder's right and option to purchase the Option Shares shall vest, subject to subsection 1(d) and Section 6, as follows: (i) 85,000 Option Shares vest July 1, 1997, (ii) 55,000 Option Shares vest on January 1, 1998, (iii) 55,000 Option Shares vest July 1, 1998; (iv) 55,000 Option Shares vest January 1, 1999 (each an "Installment") at the Option Price, so long as the Holder is employed by the Corporation, ACTV, Inc. or any affiliate or subsidiary of ACTV, Inc. (collectively, the "ACTV Group"). Said right shall be cumulative. With respect to each Installment, the "Option Period" shall commence on the date said Installment vests and terminate on June 2, 2007.
b. Except as limited by Section 5,an Installment may be exercised, in whole or part, by the Holder by delivery to the Corporation, at any time during the Option Period, of a written notice (the "Option Notice"),which Option Notice shall state the Holder's intention to exercise the Option, the date on which the Holder proposes to purchase the Option Shares (the "Closing Date") and the number of Option Shares to be purchased on the Closing Date, which Closing Date shall be no later than 30 days nor earlier than 10 days following the date of the Option Notice. Upon receipt by the Corporation of an Option Notice from the Holder, the Holder shall be obligated to purchase that number of Option Shares to be purchased on the Closing Date set forth in the Option Notice.
c. The purchase and sale of Option Shares acquired pursuant to the terms of this Option Agreement shall be made on the Closing Date at the offices of the Corporation. Delivery of the stock certificate or other instrument registered in the name of the Holder, evidencing the Option Shares being purchased on the Closing Date, shall be made by the Corporation to the Holder on the Closing Date against the delivery to the Corporation of a certified or bank check in the full amount of the aggregate purchase price therefor.
d. After January 1, 1999, the option shares may be exchanged, in whole or in part for an equal number of ACTV, Inc. common shares assuming the Corporation has been capitalized with a minimum of $5 million dollars of equity or debt financing and is a subsidiary of ACTV Entertainment. The total option exchange price per share of ACTV, Inc. c...
Option to Purchase Common Stock a. Subject to Section 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 89,683 Option Shares, at a purchase price of $2.10 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares are fully vested, so long as the Employee is employed by the Corporation. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2002.
b. The Option may be exercised by the Employee by delivery to the Corporation, at any time commencing one year from the date hereof, of a written notice (the "Option Notice"), which Option Notice shall state the Employee's intention to exercise the Option, the date on which the Employee proposes to purchase the Option Shares (the "Closing Date") and the number of Option Shares to be purchased on the Closing Date, which Closing Date shall be no later than 30 days nor earlier than 10 days following the date of the Option Notice. Upon receipt by the Corporation of an Option Notice from the Employee, the Employee shall be obligated to purchase that number of Option Shares to be purchased on the Closing Date set forth in the Option Notice.
c. The purchase and sale of Option Shares acquired pursuant to the terms of this Option Agreement shall be made on the Closing Date at the offices of the Corporation. Delivery of the Stock certificate or other instrument registered in the name of the Employee, evidencing the Option Shares being purchased on the Closing Date, shall be made by the Corporation to the holder of this Option on the Closing Date against the delivery to the Corporation of a check in the full amount of the aggregate purchase price therefor.
Option to Purchase Common Stock. The Company hereby grants Executive ------------------------------- an option to purchase fifty thousand (50,000) shares of common stock of the Company. The terms and conditions of this option shall be set forth in a separate Option Agreement, a copy of which shall be attached as Exhibit B to this Agreement.
Option to Purchase Common Stock. Promptly following the Effective Date, the senior management of the Company will recommend that the Board grant the Executive an option (the "Option") to purchase 1,000,000 shares of the Company's Common Stock pursuant to the Company's 2004 Equity Incentive Plan (the "Plan") at an exercise price per share equal to the fair market value of a share of the Company's Common Stock as of the date of such grant, as determined by the Board, and subject to the following vesting schedule: 1/36 of the shares subject to the Option shall vest on each monthly anniversary of the date of this Agreement, subject to Executive's Continuous Service (as defined in the Plan) through each such date. Notwithstanding the above, the Option will vest immediately with respect to 100% of any then unvested or unreleased shares upon a Termination Other Than For Cause.
Option to Purchase Common Stock. The senior management of the Company will recommend that the Board grant the Executive an option to purchase 450,000 shares of the Company’s common stock $0.000001 par value per share (the “Common Stock”) having an exercise price equal to the fair market value of the Company’s Common Stock as of the grant date and that such stock will have a term of eight (8) years (the “Option”).
Option to Purchase Common Stock. Promptly following the Effective Date, the senior management of the Company will recommend that the Board grant the Executive an option (the “Option”) to purchase 800,000 shares of the Company’s Common Stock (the “Shares”) pursuant to the Company’s 2004 Equity Incentive Plan as Amended (the “Plan”) at an exercise price per share equal to the fair market value of a share of the Company’s Common Stock as of the date of such grant, as determined by the Board, and subject to the following vesting schedule: NewCardio, Inc. Confidential Material Employment Agreement - Xxxxxxx X Xxxx
(a) One quarter (25%) of the Shares subject to the Option shall vest on the date that is twelve (12) months after the date that your vesting begins - subject to your continuous employment with the Company, and no Shares shall vest before such date. The remaining three quarters (75%) of the Shares shall vest monthly over the next thirty six (36) months (immediately following the said twelve (12) months) in equal monthly increments subject to your continuous employment with the Company. Hence, after four (4) years of continuous service with the Company, one hundred percent (100%) of the Shares would be vested.
(b) No right to any Shares is earned or accrued until such time as that vesting occurs, nor does the xxxxx xxxxxx any right to continue vesting or continued employment. The Company shall have the full right to repurchase any and all unvested Shares under the terms of the stock option agreement memorializing the option grant.
Option to Purchase Common Stock. Subject to approval by Employer's Board of Directors, Employer shall deliver to Employee an option to purchase 10,000 shares of the common stock of Employer, in accordance with the terms of the Robexxx, Xxc. 1993 Stock Incentive Plan.
Option to Purchase Common Stock. The Company further grants to the Investor the option to purchase, at any time until 5:00 P.M., New York City time, on July 31, 2001, up to the number specified below of fully paid and non-assessable shares of the Company's Common Stock, $.01 par value ("Common Stock") at a price of $1.50 per share of Common Stock (the "Exercise Price") payable in cash, by certified check or official bank check or by wire transfer, subject to adjustment as provided below. The shares of Common Stock which may the purchased upon exercise of such option are collectively hereinafter referred to as the "Option Shares."
2.1. As used in this paragraph, the term "Partially Diluted Common Stock" means the sum of (i) the number of shares of common stock actually outstanding at the time of reference, less any shares of common stock issued upon exercise of the option granted herein or conversion of the Class A Preferred Stock plus (ii) the number of shares of common stock issuable upon conversion of any outstanding convertible securities of the Company other than the Class A Preferred Stock plus (iii) the number of shares of common stock issuable upon exercise of all outstanding warrants, options, or other rights to acquire common stock other than the option granted herein. The term "Fully Diluted Common Stock" means the sum of (i) the number of shares of common stock actually outstanding at the time of reference, including all shares of common stock issued upon exercise of the option granted herein or upon conversion of the Class A Preferred Stock plus (i) the number of shares of common stock issuable upon conversion of any outstanding convertible securities of the Company including the Class A Preferred Stock plus (iii) the number of shares of common stock issuable upon exercise of all outstanding warrants, options, or other rights to acquire common stock including the option granted herein. If the option is exercised by the later of (x) 2 years from the date of this Agreement and (y) the first anniversary of the commencement of commercial operations at the Company's first commercial hub serving a multi-national market, then the number of shares constituting the Option Shares shall be the greater of 100,000 shares and the number of shares produced by the formula specified below (the "Formula Number"). If the option is not exercised within the period specified in the preceding sentence, the number of shares constituting the Option Shares shall be 100,000. The Formula Number shall be ...
Option to Purchase Common Stock. The senior management of the Company will recommend that the Board grant you an option to purchase such number of shares of the Company’s common stock, $0.00001 par value per share (the “Common Stock”) as is equal to $125,000.00 divided by the Black Scholes value of an option to purchase a single share of the Company’s Common Stock using, as the exercise price for purposes of calculating the Black Scholes value, the per share average closing price of the Common Stock for the 60 calendar days immediately prior to July 29th 2019 (the “Vesting Start Date”) as reported by the Nasdaq Global Select Market (but no less than $4.00 per share); having an exercise price equal to the fair market value of the Company's common stock as of the grant date and that such stock option shall have a term of ten years (the "Option").
Option to Purchase Common Stock. In consideration for the making of the Bridge Loan and the execution of this Agreement, the Company hereby grants to Investor the right, privilege and option, for a period of three (3) years from the date hereof, to purchase that number of shares of common stock of the Company which, when issued and taking into account the other amounts of common stock of the Company then owned by Investor (for this purpose, shares of common stock issuable to Investor upon full conversion of the Convertible Class A Preferred Stock then held by Investor to Common Shares), shall result in Investor owning fifty-one (51%) of the issued and outstanding common stock of the Company (the "Option"), in accordance with the terms and conditions as set forth in the Option Agreement attached hereto as EXHIBIT C.