Stock Option Granted Clause Samples
The 'Stock Option Granted' clause formally establishes the granting of stock options to an individual, typically an employee or contractor, under the terms of a stock option plan. This clause specifies the number of options awarded, the exercise price, and any vesting schedule or conditions that must be met before the options can be exercised. By clearly outlining the terms of the stock option grant, this clause ensures both parties understand the rights and obligations associated with the options, thereby preventing misunderstandings and providing a legal basis for the equity incentive.
Stock Option Granted. Number of Shares Subject to Option 400,000 Date of Grant December 13, 2001 Exercise Price Per Share $1.00 Expiration Date December 13, 2011
Stock Option Granted. Subject to the limitations set forth herein and in -------------------- the Plan, Optionee may purchase all or any part of an aggregate of 6,000 shares of Common Stock of the Company (the "Shares") at an exercise price of $13.69 per share, payable in cash or in Common Stock of the Company as set forth in the Plan.
Stock Option Granted. No. of Shares Subject to Option: 175,000 Date of Grant: March 18, 2002 Vesting Commencement Date: First anniversary of the Date of Grant. Exercise Price Per Share (U.S. dollars): Fair Market Value (as defined in the Equity Incentive Plan on the Date of Grant)