OPTIONEE’S ACCEPTANCE Clause Samples

The 'Optionee’s Acceptance' clause defines the process by which the party granted an option (the optionee) formally agrees to exercise their rights under the option agreement. Typically, this clause outlines the steps the optionee must take to notify the other party of their decision, such as providing written notice within a specified timeframe or fulfilling certain conditions. Its core function is to ensure clarity and certainty in the exercise of the option, preventing disputes by establishing a clear and enforceable method for acceptance.
OPTIONEE’S ACCEPTANCE. The undersigned hereby accepts the foregoing Option and agrees to the terms and conditions thereof.
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OPTIONEE’S ACCEPTANCE. The undersigned hereby accepts the foregoing option and agrees to the terms and conditions thereof. The undersigned hereby acknowledges receipt of a copy of the Company's 1996 Stock Option Plan.
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OPTIONEE’S ACCEPTANCE. The undersigned hereby accepts the foregoing option and agrees to the terms and conditions thereof. The undersigned hereby acknowledges receipt of a copy of the Company’s 2000 Stock Option Plan. OPTIONEE: /s/ T▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ Address: 5▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Date: G▇▇▇▇▇▇▇▇.▇▇▇ Incorporated 2▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: Treasurer Dear Sir or Madam: I am the holder of an Incentive Stock Option granted to me under the G▇▇▇▇▇▇▇▇.▇▇▇ Incorporated (the “Company”) 2000 Stock Option Plan on _________ for the purchase of _________ shares of Common Stock of the Company at a purchase price of $ per share. I hereby exercise my option to purchase _________ shares of Common Stock (the “Shares”), for which I have enclosed [insert method of payment] in the amount of $_________. Please register my stock certificate as follows: Name(s): Address: Tax I.D. #: I represent, warrant and covenant as follows:
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OPTIONEE’S ACCEPTANCE. The undersigned hereby accepts the foregoing option and agrees to the terms and conditions thereof. The undersigned hereby acknowledges receipt of a copy of the Company's 2001 Non-Statutory Stock Option Plan. OPTIONEE By: /s/ Anthony M. Callendrello --------------------------------- Name: Anthony M. Callendrello ▇▇▇▇▇▇▇: ▇▇ ▇▇▇ ▇▇▇n Farm Road ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ BAYCORP HOLDINGS, LTD. INCENTIVE STOCK OPTION AGREEMENT
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OPTIONEE’S ACCEPTANCE. The undersigned hereby accepts the foregoing Option Agreement and agrees to the terms and conditions thereof. The undersigned hereby acknowledges receipt of a copy of the Company's 1996 Directors' Stock Plan. The undersigned understands and agrees that the Option Agreement is not meant to interpret, extend, or change the Plan in any way, nor to represent the full terms of the Plan. If there is any discrepancy, conflict or omission between this Option Agreement and the provisions of the Plan as interpreted by the Company, the provisions of the Plan shall govern.
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OPTIONEE’S ACCEPTANCE. Optionee acknowledges receipt of a copy of the Plan which is attached hereto, and represents that Optionee has read and is familiar with the terms and provisions thereof, and hereby accepts this Option subject to all of the terms and provisions thereof. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board of Directors or the Committee upon any questions arising under the Plan.
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Related to OPTIONEE’S ACCEPTANCE

  • Duration of Exercisability The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3.

  • Option Exercisability The Option shall terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall terminate.

  • Commencement of Exercisability (a) Subject to Sections 3.1(b), 3.1(c) and 3.3, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice. (b) No portion of the Option which has not become vested and exercisable at the date of the Participant’s Termination of Services shall thereafter become vested and exercisable, except as may be otherwise provided by the Administrator or as set forth in a written agreement between the Company and the Participant. [

  • Period of Exercisability SECTION 3.1 - COMMENCEMENT OF EXERCISABILITY -------------------------------------------- (a) Subject to Sections 3.4 and 3.5, the Option shall become exercisable in four (4) cumulative installments as follows: (i) The first installment shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the first anniversary of the date the Option is granted. (ii) The second installment shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the second anniversary of the date the Option is granted. (iii) The third installment shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the third anniversary of the date the Option is granted. (iv) The fourth installment shall consist of twenty-five percent (25%) of the shares covered by the Option and shall become exercisable on the fourth anniversary of the date the Option is granted. (b) No portion of the Option which is unexercisable at Termination of Employment shall thereafter become exercisable. SECTION 3.2 - DURATION OF EXERCISABILITY ---------------------------------------- The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3. In the event the provisions of Section 3.4 become applicable, the Option shall remain exercisable until it becomes unexercisable under Section 3.3.

  • Suspension of Exercisability To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for a reasonable period in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required. Failure to give a notice pursuant to the provisions of this Agreement shall not affect the validity of any action taken hereunder.