Optioned Shares Clause Samples

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Optioned Shares. The Optionee shall have the right to exercise this Option for all or a portion of the Optioned Shares which have become Vested Optioned Shares as of the date of exercise in accordance with this paragraph (a). Initially, none of the Optioned Shares shall be considered “Vested Optioned Shares” and all of the Optioned Shares shall be considered “Unvested Optioned Shares”. On August 13, 2004, if a Termination of Employment does not occur prior to such date, 25% of the Optioned Shares shall become “Vested Optioned Shares”, and on each Quarterly Vesting Date thereafter prior to a Termination of Employment, 6.25% of the Optioned Shares shall become “Vested Optioned Shares”, such that all of the Optioned Shares shall be Vested Optioned Shares as of and after August 13, 2007 if a Termination of Employment does not occur prior to such date. Upon the occurrence of a Disposition Event (other than a Qualified Public Offering) prior to a Termination of Employment, 50% of the then Unvested Optioned Shares shall become Vested Optioned Shares. No Optioned Shares which have not already become Vested Optioned Shares shall become Vested Optioned Shares upon or after the Termination of Employment for any reason; provided, that in the event of a Termination of Employment after August 13, 2004 and prior to August 13, 2007 (other than for Cause or by reason of the Optionee’s resignation without Good Reason), then the number of Optioned Shares equal to (x) the Quarterly Termination Percentage multiplied by (y) 6.25% of the Optioned Shares shall become Vested Optioned Shares as of the Termination Date.
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Optioned Shares. Subject to the terms and conditions set forth herein and pursuant to the Plan, the Company grants to the Optionee an option (the “Option”) to purchase from the Company all or any part of a total of 121.38 shares of Class B-1 Common Stock (the “Optioned Shares”). This Option is to be treated as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code, as amended.
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Optioned Shares. Upon completion of the Option Transaction, MPA will have good and valid title to the Optioned Shares, free and clear of all Liens other than (i) those restrictions on transfer, if any, contained in the articles of the Corporation and the Post Option Shareholders Agreement, and (ii) Liens granted by MPA.
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Optioned Shares. Article 1, Paragraph 1.1(d) of the Option Agreement is hereby amended and replaced with the following paragraph:
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Optioned Shares. Subject to the terms and conditions set forth herein and pursuant to the Plan, the Company grants to the Optionee an option (the “Option”) to purchase from the Company all or any part of a total of 32.37 shares of Class B-1 Common Stock (collectively, the “Optioned Shares”), of which 24.2775 Optioned Shares are for Optionee’s service as a member of the Board and 8.0925 Optioned Shares are for Optionee’s service as Chairman of the Audit Committee of the Board. This Option is to be treated as a non-statutory stock option (and not as an “incentive stock option”) for purposes of the Internal Revenue Code, as amended.
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Optioned Shares. Relying on the representations and warranties set forth in Section 3 hereof, Regent hereby grants to the Purchaser the sole and exclusive right and Option to acquire all of Regent’s right, title and interest in and to the Shares, which Option may be exercised by the Purchaser on the following basis and for the following consideration (the “Consideration”): (a) concurrent with the execution of this Agreement, the Purchaser shall deliver the EuroGas Shares to Regent; (b) on or before December 31, 2009, the Purchaser shall pay to Regent the sum of $3,000,000 (the “Cash Consideration”), and Regent shall have the right, at any time and from time to time until December 31, 2009, to convert all or any part of Cash Consideration into a subscription for restricted common shares of the Purchaser (“Conversion Shares”) at prevailing share prices on the following basis: (i) Regent shall provide the Purchaser with a written notice of conversion (a “Notice”), and each Notice must state the intention of Regent to convert the Cash Consideration or a portion thereof and the number of Conversion Shares for which Regent is subscribing, the effect of such conversion will be to reduce the Cash Consideration payable to Regent by the amount converted effective from the date the Notice is actually received by the Purchaser; (ii) the conversion price of Cash Consideration into Conversion Shares shall equal the last closing price of the Purchaser’s shares as traded on the Frankfurt Stock Exchange (Freiverkehr) in Germany on the trading day preceding the date of the Notice; (c) on or before March 31, 2009, the Purchaser shall deliver written confirmation from EuroGas Polska sp.zo.o, a wholly-owned subsidiary of ▇▇▇▇▇▇▇▇ Oil & Gas (UK) Ltd., to Regent that Regent has been granted the Production Royalty (the “PR Evidence”).
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Optioned Shares. The Pre-existing Stockholders are simultaneously at Closing, granting to Misonix the Option Agreement. Each of the Pre-existing Stockholders shall receive on the Closing, the sum of Twenty Five Thousand ($25,000) Dollars, in consideration for issuance of the Option. Following the exercise of such option, the Pre-existing Stockholders represent that Misonix would own 90% of Sonora Stock.
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Optioned Shares. The Pre-existing Stockholders are simultaneously at Closing, granting to Misonix the Option Agreement. Each of the Pre-existing Stockholders shall receive on the Closing, the sum of Twenty Five Thousand ($25,000) Dollars, in consideration for issuance of the Option. Following the exercise of such option, the Pre-existing Stockholders represent that Misonix would own 90% of Sonora Stock.
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Related to Optioned Shares

  • Option Shares For the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Shares, the Company hereby grants to the Underwriters an option to purchase up to [●] additional shares of Common Stock, representing fifteen percent (15%) of the Firm Shares sold in the offering, from the Company (the “Over-allotment Option”). Such [●] additional shares of Common Stock, the net proceeds of which will be deposited with the Company’s account, are hereinafter referred to as “Option Shares.” The purchase price to be paid per Option Share shall be equal to the price per Firm Share set forth in Section 1.1.1 hereof. The Firm Shares and the Option Shares are hereinafter referred to together as the “Public Securities.” The offering and sale of the Public Securities is hereinafter referred to as the “Offering.”

  • Restricted Shares Employee hereby accepts the Restricted Shares when issued and agrees with respect thereto as follows:

  • Shares The term “

  • The Shares The Shares to be issued and sold by the Company hereunder have been duly authorized by the Company and, when issued and delivered and paid for as provided herein, will be duly and validly issued, will be fully paid and nonassessable and will conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus; and the issuance of the Shares is not subject to any preemptive or similar rights.

  • Unvested Options Except where prohibited by Applicable Law, each Unvested Option held by a Continuing Employee shall, on the terms and subject to the conditions set forth in this Agreement, be assumed and converted by Acquirer (such Unvested Options assumed hereunder, the “Assumed Options”) in accordance with Section 409A of the Code and Section 424 of the Code, and the attendant Treasury Regulations under such Code sections, and in accordance with Section 5.12. As set forth in Section 5.12, subject to any agreement entered into by such Continuing Employee with Acquirer or the Surviving Corporation, each Assumed Option shall be subject to the same vesting arrangements (including with respect to any acceleration existing as of the date hereto) that were applicable to such Assumed Option immediately prior to or at the Effective Time, except that (i) such Assumed Option shall be exercisable for that number of whole shares of Acquirer Class A Common Stock equal to the product (rounded down to the next whole number of shares of Acquirer Class A Common Stock, with no cash being payable for any fractional share eliminated by such rounding) of the number of shares of Company Common Stock that were issuable upon exercise of such option immediately prior to the Effective Time and the Option Exchange Ratio, (ii) the per share exercise price for the shares of Acquirer Class A Common Stock issuable upon exercise of such Assumed Option shall be equal to the quotient (rounded up to the next whole cent) obtained by dividing the exercise price per share of Company Common Stock at which such option was exercisable immediately prior to the Effective Time by the Option Exchange Ratio and (iii) subject to obtaining any consent required under the Company Option Plan from such Company Optionholder, no Assumed Option may be “early exercised” (i.e., an Assumed Option may be exercised for shares of Acquirer Class A Common Stock only to the extent the Assumed Option is vested at the time of exercise pursuant to the applicable vesting schedule). Acquirer will not assume any Unvested Options held by Persons that do not become Continuing Employees as of the Effective Time, and each such Unvested Option that is not an Assumed Options shall be cancelled for no consideration.