Terms of Stock Option. The option to purchase Common Stock granted hereby is subject to the terms, conditions, and covenants set forth in the Plan as well as the following:
(a) This option shall constitute a Non-Qualified Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended;
(b) The per share exercise price for the shares subject to this option shall be the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto;
(c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and
(d) No portion of this option may be exercised more than seven (7) years from the Grant Date.
Terms of Stock Option. The Option to purchase Common Stock granted hereby is subject to the terms, conditions, and covenants set forth in the Plan as well as the following:
(a) The Optionee has been provided with, reviewed and fully understood, the terms, conditions and covenants, of the Plan;
(b) This Option is granted under, and subject in its entirety to, the terms of the Plan;
(c) The per share exercise price for the shares subject to this Option shall be no less than the fair market value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto;
(d) This Option shall vest in accordance with the vesting schedule set forth on Schedule A hereto, subject to whatever other limitations are set forth within the Plan or contained in this Agreement;
(e) No portion of this Option may be exercised more than ten (10) years from the Grant Date; and
(f) This Option shall be subject to the restrictions on transferability set forth within the Plan.
Terms of Stock Option. The option to purchase Common Stock granted hereby is subject to the terms, conditions, and covenants set forth in the Plan as well as the following:
Terms of Stock Option. The option to purchase Common Stock granted hereby is subject to the terms, conditions, and covenants set forth in the Plan as well as the following:
(a) The Holder has been provided with, reviewed and fully understood, the terms, conditions and covenants, of the Plan;
(b) Except as otherwise provided in this Stock Option Agreement, this Option is granted under, governed by, and subject in its entirety to, the terms of the Plan;
(c) The Holder has been provided with, and fully understands, the "Disclosure Document for the Stonepath Group, Inc. Amended and Restated 2000 Stock Incentive Plan";
(d) The Optionee should consult with the Optionee's own tax advisors regarding the tax effects of this Option and the Company provides no representations or warranties in this regard;
(e) The per share exercise price for the shares subject to this option shall be no less than the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto;
(f) This Option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and
(g) No portion of this option may be exercised more than ten (10) years from the Grant Date.
Terms of Stock Option. The Option to purchase Common Stock granted hereby is subject to the terms, conditions, and covenants set forth in the Plan as well as the following:
(a) The Optionee has been provided with, reviewed and fully understood, the terms, conditions and covenants, of the Plan;
(b) This Option is granted under, and subject in its entirety to, the terms of the Plan;
(c) The per share exercise price for the shares subject to this Option is set forth on Schedule A hereto;
(d) This Option shall vest in accordance with the vesting schedule set forth on Schedule A hereto, subject to whatever other limitations are set forth within the Plan or contained in this Agreement;
(e) No portion of this Option may be exercised more than five (5) years from the Grant Date; and
(f) This Option shall be subject to the restrictions on transferability set forth within the Plan.
Terms of Stock Option. The Option is subject to the following terms and conditions:
a. The exercise price is set forth on Exhibit A.
b. The Option will vest immediately. The shares of stock subject to the Option will be subject to restrictions on transfer described on Exhibit A. The certificates representing such shares shall bear a legend with respect to those restrictions determined by the Company.
c. The Option may be exercised in whole or in part at any time or from time to time by delivering a written notice (in the form attached hereto) to the Company and paying to the Company the exercise price. Subject to paragraph (e) below, if Optionee ceases to be employed by, or ceases to be in the service of the Company for any reason other than death or disability, Optionee will have the right to exercise the Option at any time within three months after such termination, but only to the extent the Option was exercisable at the date of such termination. Any portion of the Option not then exercised will immediately expire following such three-month period. In no event may the Option be exercised after its expiration date.
d. The Option may be exercised only by Optionee during his or her lifetime, except in the case of death or disability, in which case it may be exercised, in whole or in part, within one year following such death or disability to the extent Optionee could have exercised the Option as of the date of death or disability, by the person or persons who acquire the Option by bequest or inheritance or by the Optionee’s legal representative. In no event may the Option be exercised after its expiration date. The determination of whether Optionee’s employment with or service to the Company has ceased due to disability will be made by the Compensation Committee of the Company’s Board of Directors or such other body administering the Plan in accordance with its terms.
e. Notwithstanding the second sentence of paragraph (c) above, the Option will expire automatically and may not be exercised following the involuntary termination of Optionee’s employment with or service to the Company. The determination of whether Optionee’s employment with or service to the Company has been involuntarily terminated will be made by the Compensation Committee of the Company’s Board of Directors or such other body administering the Plan in accordance with its terms.
f. The exercise price will be payable to the Company upon the exercise of the Option either (i) in cash or by check, (ii) by delivery o...
Terms of Stock Option. The Option to purchase Common Stock granted hereby is subject to the terms, conditions, and covenants set forth in the Plan as well as the following:
(a) The Holder has been provided with, reviewed and fully understood, the terms, conditions and covenants, of the Plan;
(b) This Option is granted under, and subject in its entirety to, the terms of the Plan;
(c) The Holder acknowledges that it has had access to and has reviewed all documents and records relating to the Company, that he has deemed necessary in order to make an informed investment decision with respect to the Option; that he has had the opportunity to ask representatives of the Company certain questions and request certain additional information regarding the terms and conditions of the Option and the finances, operations, business and prospects of the Company and has had any and all such questions and requests answered to his satisfaction; and that he understands the risks and other considerations relating to such investment;
(d) This Option shall constitute a Non-Qualified Stock Option, which is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”);
(e) The Holder is a sophisticated investor who acknowledges that it is his responsibility to consult with his own tax advisors regarding the tax effects of this Option and the requirements necessary to obtain favorable income tax treatment under Section 422 of the Code, including, but not limited to, holding period requirements;
(f) The Holder understands that neither the United States Securities and Exchange Commission (“SEC”) nor any securities commission or other governmental authority of any state, country or other jurisdiction has approved the issuance of the Option or passed upon or endorsed the merits of the Option, the shares underlying this Option, this Agreement, or any of the other documents relating to the Option, or confirmed the accuracy of, determined the adequacy of, or reviewed this Agreement or any other documents relating to the Option.
(g) The Option is being acquired for the Holder’s own account for investment purposes only, not as a nominee or agent and not with a view to the resale or distribution of any part thereof, and the Holder has no present intention of selling, granting any participation in or otherwise distributing the same. By executing this Agreement, the Holder further represents that the Holder does not have any contract, undertaking...
Terms of Stock Option. The stock option awarded under this Agreement shall be subject to the following terms and provisions: (a) The option price shall be 100% of the mean between the highest price and the lowest price per shares for the Company's common stock as quoted in the OTC "Pink Sheets" on the date of this Agreement; (b) The option may be exercised with respect to all or some of the shares at any time from the date hereof until the expiration of the promotional and consulting services agreement between the Company and Anthony dated as of thx xxxx hereof ("Consulting Agreement"); (c) The right to purchase the option stock may be exercised in whole or in part up to the expiration date. Notice of exercise will be delivered to the Company, stating the number of shares with respect to which the option is being exercised and specifying a date, not less than five (5) nor more than ten (10) days after such notice, as the date on which Anthony will deliver pxxxxxx for such stock. On the date specified in such notice, the Company will deliver to Anthony certificates fxx xxx number of shares with respect to which the option is being exercised, against payment for them by certified check for the option price; (
d) Anthony will not have xxx xxxhts with respect to any shares on which this option has been exercised if payment has not been made in the manner expressed in the previous paragraph; (e) The option price and the number of shares shall be subject to equitable adjustment, as determined by the certified public accountants for the Company, if, while this option is outstanding, there is a change in the common shares of the Company through the declaration of share dividends, or recapitalization resulting in stock split-ups, combinations or exchanges of shares or otherwise; (f) During his lifetime, the option rights granted to Anthony shall be exercxxxxxx only by him, and none of his rights shall be subject to sale, transfer, hypothecation or assignment except by will or the laws of descent and distribution. If the Consulting Agreement terminates, all remaining rights under this option shall terminate; If Anthony dies during thx xxxx of the Consulting agreement, his legal representative shall have the right within three months thereafter to exercise in whole or in part, any option which was available to Anthony at the time of xxx xxath. 3.
Terms of Stock Option. The Option shall be subject to the following terms and conditions:
Terms of Stock Option. The option to purchase Common Stock granted hereby (the “Option”) is subject to the terms, conditions, and covenants set forth in the Plan as well as the following:
(a) This Option shall constitute a Non-Qualified Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended;
(b) The per share exercise price for the shares subject to the Option is set forth on Schedule A hereto;
(c) The Option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and
(d) No portion of the Option may be exercised more than seven (7) years from the Grant Date.
