Share Purchase Options Sample Clauses

Share Purchase Options. All share purchase options held by the Executive at the time of any Involuntary Termination shall expire at the later of (i) the expiration date of the options in accordance with the terms of their grant or (ii) 12 months following the effective date of termination.
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Share Purchase Options. Except as provided in sections 7.3 and 7.5.5 above, the time for expiration of all share purchase options held by the Executive at the time of any termination of the Executive's employment shall be governed by the terms of the Glamis Gold Ltd. Amended Share Purchase Option Plan dated as of September 30, 1999, including any amendments or modifications thereof, or any successor plan that may be adopted by the Board of Directors of the Company.
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Share Purchase Options. Except as provided in sections 7.3 and 7.5.5 above, the time for expiration of all share purchase options held by the Executive at the time of any termination of the Executive's employment shall be governed by the terms of the Plan.
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Share Purchase Options. The Parties recognize the existing grant to the Executive of share purchase options for 100,000 common shares of the Company ("Shares") under the Company's Amended Share Purchase Option Plan dated as of September 30, 1995 (the "Plan"). Upon the full exercise of the existing share purchase options, the Executive will, subject to the then prevailing policies and practices of the Company's Compensation Committee, be granted another share purchase option in respect of not less than 100,000 Shares.
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Share Purchase Options. The Parties recognize the existing grant to the Executive of share purchase options for 40,000 common shares of the Company, and a supplemental grant concurrent with the execution of this Agreement of 60,000 share purchase options, for a total grant of 100,000 share purchase options (the "Shares"), under the Company's Amended Share Purchase Option Plan dated as of September 30, 1995 (the "Plan"). The Executive acknowledges that the second grant of 60,000 share purchase options have been priced as of February 29, 2000 but will not be exercisable until approval by the shareholders of revisions to the Plan at the annual shareholders meeting on May 3, 2000. Upon the full exercise of the existing share purchase options, the Executive will, subject to the then prevailing policies and practices of the Company's Compensation Committee, be granted another share purchase option in respect of not less than 100,000 Shares.
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Share Purchase Options. 6.1 As further compensation and incentive to Yang, ePhone hereby grants to him options to purchase 500,000 voting common shares (hereinafter called "shares") in ePhone's capital, exercisable on the following terms at $0.50 per share (shares being purchased by Yang pursuant hereto being hereinafter called "Option Shares"). 6.2 The options granted Yang will vest in his favour and become exercisable by him, so long as this Engagement Agreement is still in force and effect, to the extent of the following numbers of shares from and after the following dates: (a) 100,000 shares from and after the execution of this Agreement by Yang; (b) 200,000 shares after September 30, 1999; (c) 200,000 shares after December 31, 1999. 6.3 The Option Shares shall not be registered under the Act when issued on the grounds that the issuance of the Option Shares is a transaction not involving any public offering, and all certificates issued evidencing the Option Shares shall, until removed in accordance with law, bear a customary form of investment legend, and a stop order shall be placed in respect of all such shares in ePhone's transfer records. However, ePhone will at its expense attempt to register the Option Shares prior to their issuance under the Act on SEC Form S-8 for issuance to Yang. 6.4 If this Agreement shall be terminated by either Party for whatever cause Yang may exercise any Options which have become vested as of the date of termination, within 90 days after the date of termination. 6.5 Any options which have not been exercised by Yang as of the close of business on June 30, 2003 will expire and thereafter no longer be exercisable by Yang notwithstanding that his engagement by ePhone may have been extended beyond that date.
Sample 1
Share Purchase Options. The Parties recognize the existing grant to the Executive of share purchase options for 125,000 common shares of the Company ("Shares") under the Company's Amended Share Purchase Option Plan dated as of September 30, 1995, including any amendments or modifications thereof, or any successor plan that may be adopted by the Board of Directors of the Company (the "Plan"), in accordance with the rules and regulations of applicable regulatory authorities and the Plan, it being understood that upon the full exercise of the existing share purchase options, the Executive will, subject to the then prevailing policies and practices of the Company's Compensation Committee, be granted another share purchase option in respect of not less than 125,000 Shares.
Sample 1
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Share Purchase Options. The Parties recognize the existing grant to the Executive of share purchase options for 100,000 common shares of the Company ("Shares") under the Company's Amended Share Purchase Option Plan dated as of September 30, 1995, including any amendments or modifications thereof, or any successor plan that may be adopted by the Board of Directors of the Company (the "Plan"), in accordance with the rules and regulations of applicable regulatory authorities and the Plan, subject to the following conditions: (a) the share purchase options have been priced as of June 1, 1999 but will not be exercisable until approval by the shareholders of revisions to the Plan at the annual shareholders meeting in May, 2000; (b) subject to the provisions of subsection (a) above, fifty percent (50%) of the share purchase options will be vested immediately and the remaining fifty percent (50%) will be vested on June 1, 2000; and (c) upon the full exercise of the existing share purchase options, the Executive will, subject to the then prevailing policies and practices of the Company's Compensation Committee, be granted another share purchase option in respect of not less than 100,000 Shares.
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Related to Share Purchase Options

  • Purchase Options Neither the Property nor any part thereof is subject to any purchase options or other similar rights in favor of third parties.

  • Exercise of Purchase Options Nothing contained in this Purchase Option shall be construed as requiring the Holder(s) to exercise their Purchase Options or Warrants underlying such Purchase Options prior to or after the initial filing of any registration statement or the effectiveness thereof.

  • Substitute Purchase Option In case of any consolidation of the Company with, or merger of the Company with, or merger of the Company into, another corporation (other than a consolidation or merger which does not result in any reclassification or change of the outstanding Common Stock), the corporation formed by such consolidation or merger shall execute and deliver to the Holder a supplemental Purchase Option providing that the holder of each Purchase Option then outstanding or to be outstanding shall have the right thereafter (until the stated expiration of such Purchase Option) to receive, upon exercise of such Purchase Option, the kind and amount of shares of stock and other securities and property receivable upon such consolidation or merger, by a holder of the number of shares of Common Stock of the Company for which such Purchase Option might have been exercised immediately prior to such consolidation, merger, sale or transfer. Such supplemental Purchase Option shall provide for adjustments which shall be identical to the adjustments provided in Section 6. The above provision of this Section shall similarly apply to successive consolidations or mergers.

  • Purchase Option The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___, which is equal to _________ (___%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

  • Representatives Purchase Option The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Closing Date an option (“Representative’s Purchase Option”) to purchase up to an aggregate of 500,000 units (the “Representative’s Units”) for an aggregate purchase price of $100.00. The Representative’s Purchase Option shall be exercisable whether for cash or on a cashless basis, in whole or in part, commencing on the later of the consummation of a Business Combination or one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $8.80, which is equal to one hundred ten percent (110%) of the initial public offering price of a Unit. On the Closing Date, the Company shall deliver to the Representative, upon payment therefor, certificates for the Representative’s Purchase Option in the name or names and in such denominations as the Representative may request. The Representative’s Purchase Option, the Representative’s Units, the Ordinary Shares included in the Representative’s Units, the Warrants included in the Representative’s Units (the “Representative’s Warrants”) and the Ordinary Shares issuable upon exercise of the Representative’s Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The Public Securities and the Representative’s Securities are hereinafter referred to collectively as the “Securities.” Delivery and payment for the Representative’s Purchase Option shall be made on the Closing Date. The Company shall deliver to the Representative, upon payment therefor, certificates for the Representative’s Purchase Option in the name or names and in such authorized denominations as the Representative may request.

  • Exercise of Purchase Option AIR shall have an option (an “Option”) to acquire any real property owned or leased (subject to any consent rights granted to the landlord under any lease under which DevCo or an Affiliate is the tenant, provided, however, that no Option will apply to any Leased Property that is then leased to DevCo or its Affiliates pursuant to a Master Lease) by DevCo or any of its Subsidiaries, which was originally acquired by DevCo or its Subsidiaries after the Effective Date, which had not achieved Stabilization as of such acquisition but which has subsequently achieved Stabilization (each, an “Option Property”). Within fifteen (15) days following the date on which Stabilization for an Option Property has been achieved, DevCo shall send AIR a written notice advising AIR that such Option Property has reached Stabilization (an “Option Notice”), upon receipt of which AIR will have sixty (60) days (the “Option Exercise Period”) to exercise its Option to purchase such Option Property by delivering to DevCo written notice of the same. If AIR timely delivers a written notice to DevCo that it intends to exercise its Option and proceed with the acquisition of the Option Property, AIR will pay to DevCo the Current FMV for the subject Option Property, and the Parties will close on such Option pursuant to a purchase and sale agreement, which shall be in the form attached to the form of Standard Lease (which is attached hereto as Exhibit A). The Parties shall apply the closing mechanics set forth in Section 10(b) above (as if the Option Property were a ROFO Property, for such purposes). In the event DevCo fails to timely deliver an Option Notice to AIR, then, within thirty (30) days following the date on which AIR becomes aware that Stabilization of the subject Option Property has occurred, AIR shall have the right to send an Option Notice to DevCo (notifying DevCo that AIR believes the subject Option Property has reached Stabilization), and the Option Exercise Period will commence as of the date of such Option Notice. In the event that a Party receiving an Option Notice disputes that Stabilization of the subject Option Property has occurred or is continuing as of the date of such Option Notice, such Party will send to the other Party a Dispute Notice (as defined in and pursuant to Section 18(b)) containing an explanation of such dispute within fifteen (15) days following its receipt of the Option Notice. The Parties shall endeavor to resolve the dispute, and, if they are unable to so resolve it, will proceed to arbitration to resolve such dispute, all in accordance with the terms of Section 18.

  • Repurchase Option (a) In the event Executive ceases to be employed by the Company, Employer or their respective Subsidiaries for any reason (the “Separation”), the Unvested Shares (whether held by Executive or one or more of Executive’s transferees, other than the Company) will be subject to repurchase, in each case by the Company and the Investors pursuant to the terms and conditions set forth in this Section 3 (the “Repurchase Option”). The Company may assign its repurchase rights set forth in this Section 3 to any Person. (b) In the event of a Separation the purchase price for each Unvested Share will be the lesser of (i) Executive’s Original Cost for the Carried Unit(s) in respect of which such Share was issued to Executive and (ii) the Fair Market Value of such Share as of the date of the Repurchase Notice (defined below). (c) The Board may elect to purchase all or any portion of the Unvested Shares by delivering written notice (the “Repurchase Notice”) to the holder or holders of the Unvested Shares within ninety (90) days after the Separation. The Repurchase Notice will set forth the number of Unvested Shares to be acquired from each holder, the aggregate consideration to be paid for such Unvested Shares and the time and place for the closing of the transaction. The number of Unvested Shares to be repurchased by the Company shall first be satisfied to the extent possible from the Unvested Shares held by Executive at the time of delivery of the Repurchase Notice. If the number of Unvested Shares then held by Executive is less than the total number of Unvested Shares which the Company has elected to purchase, the Company shall purchase the remaining Unvested Shares elected to be purchased from the other holder(s) of Unvested Shares under this Agreement, pro rata according to the number of Unvested Shares held by such other holder(s) at the time of delivery of such Repurchase Notice (determined as nearly as practicable to the nearest share). The number of Unvested Shares to be repurchased hereunder will be allocated among Executive and the other holders of Unvested Shares (if any) pro rata according to the number of Unvested Shares to be purchased from such Person.

  • Purchase Warrants The Company hereby agrees to issue and sell to the Representative (and/or its designees) on the Closing Date an option (“Representative’s Warrant”) for the purchase of an aggregate of [●] shares of Common Stock (which is equal to an aggregate of 4% of the Firm Shares sold in the Offering), for an aggregate purchase price of $100.00. The Representative’s Warrant agreement, in the form attached hereto as Exhibit A (the “Representative’s Warrant Agreement”), shall be exercisable, in whole or in part, commencing on a date which is one (1) year after the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per share of Common Stock of $[●], which is equal to 125% of the public offering price of each Firm Share. The Representative’s Warrant Agreement and the shares of Common Stock issuable upon exercise thereof are sometimes hereinafter referred to together as the “Representative’s Securities.” The Representative understands and agrees that there are significant restrictions pursuant to FINRA Rule 5110 against transferring the Representative’s Warrant and the underlying shares of Common Stock during the one hundred eighty (180) days after the Effective Date and by its acceptance thereof shall agree that it will not sell, transfer, assign, pledge or hypothecate the Representative’s Warrant Agreement, or any portion thereof, or be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of such securities for a period of one hundred eighty (180) days following the Effective Date to anyone other than (i) an Underwriter or a selected dealer in connection with the Offering, or (ii) a bona fide officer or partner of the Representative or of any such Underwriter or selected dealer; and only if any such transferee agrees to the foregoing lock-up restrictions.

  • Exercise of Repurchase Option The Repurchase Option shall be exercised by written notice signed by an officer of the Company or by any assignee or assignees of the Company and delivered or mailed as provided in Section 17(a). Such notice shall identify the number of shares of Stock to be purchased and shall notify Purchaser of the time, place and date for settlement of such purchase, which shall be scheduled by the Company within the term of the Repurchase Option set forth in Section 2(a) above. The Company shall be entitled to pay for any shares of Stock purchased pursuant to its Repurchase Option, at the Company's option, in cash or by offset against any indebtedness owing to the Company by Purchaser, or by a combination of both. Upon delivery of such notice and payment of the purchase price in any of the ways described above, the Company shall become the legal and beneficial owner of the Stock being repurchased and all rights and interest therein or related thereto, and the Company shall have the right to transfer to its own name the Stock being repurchased by the Company, without further action by Purchaser.

  • 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.”

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