Common use of Ten-Percent Shareholders Clause in Contracts

Ten-Percent Shareholders. A Ten Percent Shareholder shall not be granted an Incentive Stock Option unless the Option Exercise Price is at least 110% of the Fair Market Value of the Common Stock on the Grant Date and the Option is not exercisable after the expiration of five years from the Grant Date.

Appears in 2 contracts

Samples: Merger Agreement (Monterey Capital Acquisition Corp), Merger Agreement (Fortune Rise Acquisition Corp)

AutoNDA by SimpleDocs

Ten-Percent Shareholders. A Ten Percent Shareholder An Incentive Stock Option shall not be granted an Incentive Stock Option to a Ten Percent Shareholder unless the Option Exercise Price is at least 110% of the Fair Market Value of the Common Stock on at the Date of Grant Date and the Option is not exercisable after the expiration of five (5) years from the Grant DateDate of Grant.

Appears in 1 contract

Samples: Equity and Cash Incentive Compensation Plan (Fulton Financial Corp)

AutoNDA by SimpleDocs

Ten-Percent Shareholders. A Ten Percent Shareholder shall not be granted an Incentive Stock Option unless the Option Exercise Price is at least 110% of the Fair Market Value of the Common Stock on at the Grant Date and the Option is not exercisable after the expiration of five years from the Grant Date.

Appears in 1 contract

Samples: Note Purchase Agreement (BioCorRx Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!