Prior Options Clause Samples

The Prior Options clause establishes the rights of certain parties to have the first opportunity to purchase, lease, or otherwise acquire an asset or interest before it is offered to others. In practice, this clause may grant existing shareholders, tenants, or business partners the ability to match any third-party offer or to be notified before a sale or transfer occurs. Its core function is to protect the interests of those with a pre-existing relationship to the asset, ensuring they are not bypassed in favor of outside parties and thereby maintaining stability or control within the original group.
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Prior Options. All options granted by prior employment agreements and option grants, and not heretofore cancelled or expired, shall continue in full force and effect.
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Prior Options. No prior options or rights of first refusal have been granted by Seller to any third parties to purchase or lease any interest in the Property, or any part thereof, which are effective as of the execution date.
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Prior Options. Except for Tenant under this Lease, no person has any agreement, understanding or commitment, option or right of first refusal, or any right or privilege capable of becoming such for the purchase or lease of any interest in the Project, or any part thereof.
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Prior Options. Prior to the Commencement Date, Employee has been granted options to purchase common stock of Employer pursuant to Employer's 2004 Amended and Restated Stock Option Plan (the "PLAN") and a separate stock option grant agreement between Employer and Employee (the "Prior Options"). In accordance with the existing terms of the Prior Options (i) upon a Corporate Transaction (as defined in the Plan), all outstanding and unvested Prior Options shall be deemed fully vested and exercisable and (ii) if during the Term, Employer shall terminate this Agreement and Employee's employment hereunder without Cause (as defined below) and other than as a result of Employee's death or Disability (as defined below) or Employee shall terminate this Agreement and Employee's employment hereunder for Good Reason (as defined below), then all outstanding and unvested Prior Options shall be deemed fully vested and exercisable.
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Prior Options. Executive’s outstanding stock option grants (the “Prior Options”) remain subject to and governed by the terms and provisions set forth in the applicable stock option agreement by and between NetIQ and Executive and the NetIQ equity incentive plan, if any, under which such grants were awarded; provided, however, that Executive will have one year from the date his service relationship with NetIQ terminates for any reason and under any circumstances to exercise the vested Prior Options shares as well as the additional rights with respect to the Prior Option set forth in Section 5(c) below.
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Prior Options. No Option (the “Present Option”) shall be exercised by an Optionee while there is outstanding any Option (a “Prior Option”), granted to such Optionee before the granting of the Present Option, to purchase shares of the Company’s common stock at a price (determined as of the Date of Grant of the Present option) higher than the purchase price under the Present option. For this purpose, a Prior Option will be treated as outstanding until it is exercised in full or expires by reason of lapse of time.
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Prior Options all stock options granted to the Executive by Macromedia (other than the New Option) which were outstanding on January 19, 2005, and are to be assumed by the Company and converted into options to purchase shares of the Company's common stock upon the Closing. The vesting of the Prior Options will, upon the Closing, be accelerated in accordance with the resolution concerning stock option vesting acceleration adopted by the Macromedia Board of Directors on February 26, 1997, together with any supplementary resolutions which clarify the manner in which the 18 months of accelerated vesting currently provided to Executive pursuant to the February 26, 1997 resolution is to be applied to the vesting schedules in effect for the Prior Options (collectively, the "Vesting Acceleration Resolution"), which resolutions are hereby incorporated into this Agreement and made a part hereof. Executive shall continue to vest in the unvested portions of the New Option, the New Stock Award and each of the Prior Options, in accordance with the applicable vesting schedule in effect for each such equity award immediately prior to the Effective Date (including the Vesting Acceleration Resolution for the Prior Options), during his period of employment with the Company from and after the Effective Date.
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Prior Options. The Parties acknowledge that all obligations with respect to the Options as defined in and provided in the Original Agreement have been fulfilled and that the rights and obligations associated with such grants are now governed by the stock option agreements associated with the Options, the terms of which are not affected by this Amended Agreement.
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Related to Prior Options

  • Employee Options A regular employee who is subject to displacement shall have the right to select one of the following options. Upon written presentation of the options, the employee shall have 3 full working days to select an option. This time limit may be extended by the mutual agreement of the Parties: (a) accept training, if applicable; or (b) accept placement in a vacant position, either within or outside the bargaining unit, in accordance with the provisions of this Article; or (c) exercise the bumping rights referred to in this Article; or (d) accept layoff, retaining the right to recall and to severance pay in accordance with this Agreement; or (e) accept severance in accordance with Article 9.03 of this Agreement.

  • Options (1) Upon receipt of Instructions relating to the purchase of an option or sale of a covered call option, the Custodian shall: (a) receive and retain confirmations or other documents, if any, evidencing the purchase or writing of the option by a Fund; (b) if the transaction involves the sale of a covered call option, deposit and maintain in a segregated account the Securities (either physically or by book-entry in a Securities System) subject to the covered call option written on behalf of such Fund; and (c) pay, release and/or transfer such Securities, cash or other Assets in accordance with any notices or other communications evidencing the expiration, termination or exercise of such options which are furnished to the Custodian by the Options Clearing Corporation (the "OCC"), the securities or options exchanges on which such options were traded, or such other organization as may be responsible for handling such option transactions. (2) Upon receipt of Instructions relating to the sale of a naked option (including stock index and commodity options), the Custodian, the appropriate Fund and the broker-dealer shall enter into an agreement to comply with the rules of the OCC or of any registered national securities exchange or similar organizations(s). Pursuant to that agreement and such Fund's Instructions, the Custodian shall: (a) receive and retain confirmations or other documents, if any, evidencing the writing of the option; (b) deposit and maintain in a segregated account, Securities (either physically or by book-entry in a Securities System), cash and/or other Assets; and (c) pay, release and/or transfer such Securities, cash or other Assets in accordance with any such agreement and with any notices or other communications evidencing the expiration, termination or exercise of such option which are furnished to the Custodian by the OCC, the securities or options exchanges on which such options were traded, or such other organization as may be responsible for handling such option transactions. The appropriate Fund and the broker-dealer shall be responsible for determining the quality and quantity of assets held in any segregated account established in compliance with applicable margin maintenance requirements and the performance of other terms of any option contract.

  • Share Options With respect to the share options (the “Share Options”) granted pursuant to the share-based compensation plans of the Company and its subsidiaries (the “Company Share Plans”), (i) each Share Option intended to qualify as an “incentive stock option” under Section 422 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), so qualifies, (ii) each grant of a Share Option was duly authorized no later than the date on which the grant of such Share Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required shareholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Share Plans, the Exchange Act, and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange (the “Exchange”), and (iv) each such grant was properly accounted for in accordance with IFRS in the financial statements (including the related notes) of the Company. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Share Options prior to, or otherwise coordinating the grant of Share Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • Additional Options The NYS Contract Price for Additional Options offered under the Contract in accordance with Section III.2.7 Additional Options, shall be the Additional Options NYS Discount listed on the Contract Pricelist, or higher, applied to the MSRP on the current OEM Data Book or Contractor-Published Pricelist, as applicable. See Section III.1.2

  • Other Options Other options, or variations to the above options may be agreed between the employer, the affected employee and the relevant union.