Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Five Hundred Thousand (500,000) shares of the Company’s Common Stock exercisable at a price of $0.40 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.
Options Granted. On the terms and conditions specified in this Agreement, Employer grants Holder the ability to acquire 3,000,000 Options to purchase shares of common stock of Employer at a purchase price of $0.43 per share ("Options"), such Options being further subject to the provisions of the Plan, as administered by Employer’s Option Committee. Xxxxxx’s right to receive Options granted hereunder terminates should Xxxxxx resign, or be forcibly removed, as an employee of Employer.
Options Granted. Contractor hereby grants to Customer the options set forth in this Article 30 (Options) to be exercised at Customer's sole discretion.
Options Granted. The Company hereby grants the Optionee non-qualified stock options (the “Options”) to purchase up to an aggregate of 2,400.000 shares of the Company’s common stock, par value $0.001 per share, exercisable at an initial exercise price of $0.67 per share (the “Exercise Price”), subject to adjustment as set forth in this Agreement, for a term commencing on the Grant Date and expiring at 5:00 pm (Pacific Time) on the Expiration Date, as hereinafter defined, provided that the right of the Optionee to exercise the Options is subject to:
(a) compliance with the registration or prospectus requirements of the United States Securities Act of 1933, as amended (the “US Securities Act”), any applicable state securities laws and any applicable Canadian securities laws, or the availability of applicable exemptions from such registration or prospectus requirements; and
(b) satisfaction of the vesting conditions set forth in Section 2 of this Agreement,
Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Three Hundred Thousand (300,000) shares of the Company’s Common Stock at the exercise prices per share set below (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the expiration dates set out below (the “Expiration Date”), subject to termination as set forth herein:
(a) Options to purchase an aggregate of 150,000 shares of the Corporation’s common stock vesting on the dates and in the amounts, exercisable at the price of $0.75 per share, and expiring on the dates, each as set out below, subject to the Compensation Committee of the Company’s Board of Directors, or if there are no active members of the Compensation Committee, a majority of the Company’s Board of Directors not including the Optionee, determining that the Optionee has, from the Grant Date to the respective vesting dates set out below, reasonably fulfilled his duties and obligations as an officer of the Company, the options will vest on the following schedule: 25,000 $0.75 The Grant Date June 29, 2016 25,000 $0.75 December 31, 2011 December 30, 2016 25,000 $0.75 June 30, 2012 June 29, 2017 25,000 $0.75 December 31, 2012 December 30, 2017 25,000 $0.75 June 30, 2013 June 30, 2018 25,000 $0.75 December 31, 2013 December 30, 2018
(b) Options to purchase an aggregate of 75,000 shares of the Corporation’s common stock at an exercise price of $0.75 per share, vesting on the dates and in the amounts, and expiring on the dates, each as set out below:
Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Three Hundred Thousand (300,000) shares of the Company’s Common Stock exercisable at a price of $0.28 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: 75,000 The date that the Corporation successfully completes 10 successful pilot plant metal extraction tests of 5 tons of head material each, which date shall be reasonably determined by the Board. The date that is the 5th year anniversary of the particular vesting date. 75,000 The first date after the date of these resolutions that the closing price for the Corporation’s common stock (as quoted by the principal market or exchange on which such shares trade) exceeds $1.00 per share for 20 consecutive trading days. The date that is the 5th year anniversary of the particular vesting date. No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.
Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Four Hundred Thousand (400,000) shares of the Company’s Common Stock exercisable at a price of $0.90 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the date that is five (5) years after the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: (a) 100,000 The date that the Corporation has successfully completed the following two performance milestones, which date shall be reasonably determined by the Board of Directors:
(i) completed installation of a new precious metals extraction circuit at the Corporation’s Columbus Project (the “Extraction Circuit”), and (ii) the Extraction Circuit has been satisfactorily operated for 30 consecutive working days.
Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase Two Hundred Thousand (200,000) shares of the Company’s Common Stock at a purchase price of $0.53 US per share for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the expiration dates set out below (the “Expiration Date”), subject to termination as set forth herein. Subject to the Compensation Committee of the Company’s Board of Directors, or if there are no active members of the Compensation Committee, a majority of the Company’s Board of Directors not including the Optionee, determining that the Optionee has, from the Grant Date to the respective vesting dates set out below, reasonably fulfilled his duties and obligations as a director of the Company, the options will vest on the following schedule: No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.
Options Granted. If at any time or from time to time, in connection with an Equity Incentive Plan, a stock option is duly exercised:
(i) the General Partner shall, as soon as practicable after such exercise, make or cause to be made directly or indirectly a Capital Contribution to the Partnership in an amount equal to the exercise price paid to the General Partner by such exercising party in connection with the exercise of such stock option.
(ii) Notwithstanding the amount of the Capital Contribution actually made pursuant to Section 4.05(a)(i) hereof, the General Partner shall be deemed to have contributed directly or indirectly to the Partnership, as a Capital Contribution, in consideration of an additional Limited Partner Interest (expressed in and as additional Partnership Units), an amount equal to the Value of a REIT Share as of the date of exercise multiplied by the number of REIT Shares then being issued in connection with the exercise of such stock option.
(iii) An equitable Percentage Interest adjustment shall be made in which the General Partner shall be treated as having made a cash contribution equal to the amount described in Section 4.05(a)(ii) hereof.
Options Granted. On the terms and conditions specified in this Agreement, Company grants Holder the ability to acquire up to 250,000 Options to purchase shares of common stock of Company at a purchase price of $1.00 per share ("Options") according to the terms and vesting schedule of the Director Agreement between Company and Holder attached hereto as an exhibit, such Options being further subject to the provisions of the Plan, as administered by Company's Option Committee. Subject to the provisions of the Plan and the terms contained herein, Holder's right to receive Options granted hereunder terminates should Holder resign, or be forcibly removed, as a Director of Company. Time of Exercise of Option
