Xxxxxxxx Options Sample Clauses

Xxxxxxxx Options. In consideration for Mx. Xxxxxxx’x release set forth herein and subject to Mx. Xxxxxxx having not revoked his signature prior to the Effective Date, Insys agrees to the accelerated vesting of unvested shares subject to any outstanding stock options granted to Mx. Xxxxxxx, such that, on the Effective Date (as defined below), Mx. Xxxxxxx shall be vested in one hundred percent (100%) of the shares subject to such an option award under the Insys’ options plan(s). Mx. Xxxxxxx’x sole option award with respect to Insys equity is set forth in subsection (e) directly below. Mx. Xxxxxxx understands, acknowledges and agrees that the acceleration of his options exceed what he is otherwise entitled to receive upon separation from employment as set forth in his Former Employment Agreement, and that these benefits are in exchange for executing the release in this Agreement. Mx. Xxxxxxx further acknowledges no entitlement to any additional compensation and payment in connection with his employment with Insys or ownership/equity in Insys or consideration not specifically referenced directly below in clause (e).
Sample 1
Xxxxxxxx Options. Buyer shall pay Seller at Closing the sum of $11,000, consisting of $10,000 in option fees and $1,000 in commissions paid in connection with that certain Option Contract listed on Exhibit A attached hereto.
Sample 1
Xxxxxxxx Options. The options to be surrendered by Xxxxxxxx at ---------------- the Closing (the "Options") are options to purchase 274,000 shares of the common stock of the Distributing Corporation, and other than the Options and the Xxxxxxxx Stock, neither Xxxxxxxx nor the Recipient hold any capital stock, or options or other rights to acquire any capital stock, of the Distributing Corporation. The Options are owned legally and beneficially by Xxxxxxxx, with no liability attaching to the ownership thereof, free and clear of all mortgages, claims, liens, security interests, charges and encumbrances, or restrictions on transfer or voting (except pursuant to the stock option plans of the Distributing Corporation pursuant to which some of the Options were granted).
Sample 1
Xxxxxxxx Options. Following the date of this Agreement, and not less than 30 days before the Effective Time, Xxxxxxxx shall enter into a written agreement (an “Option Release”) in form reasonably satisfactory to BOCC with each holder of a then outstanding and unexpired Xxxxxxxx Stock Option and providing that, immediately prior to the Effective Time, (a) each then outstanding Xxxxxxxx Stock Option held by that holder shall terminate automatically and be cancelled, (b) with respect to each such Xxxxxxxx Stock Option, Xxxxxxxx will pay to that holder, in cash, an amount (if any) equal to (i) the product of the Exchange Ratio and the number of shares of Xxxxxxxx Common Stock covered by the Xxxxxxxx Stock Option, multiplied by the closing price of BOCC Stock as quoted on the Nasdaq Capital Market immediately before the Effective Time, as reasonably determined by BOC, which determination shall be conclusive absent manifest error, minus (ii) the exercise price of that Xxxxxxxx Stock Option as provided in the written agreement evidencing it, multiplied by the number of shares of Xxxxxxxx Common Stock covered by the Xxxxxxxx Stock Option, rounded to the nearest whole cent, (c) the holder understands and agrees that no assurances or representations are being made to him or her by Xxxxxxxx or BOCC with respect to the tax treatment of any such payment, and the holder will be and remain responsible for the timely payment of all federal and state income taxes and his or her portion of any FICA and FUTA taxes applicable to the above payment, (d) Xxxxxxxx and its successors in interest may withhold from such payment any and all such taxes that it reasonably believes it is required to withhold, and (e) the holder fully and completely releases Xxxxxxxx and its successors in interest from any further obligation with respect to his or her Xxxxxxxx Stock Options and from any liability for the tax consequences of such payment. No such payment shall be made to any holder of an Xxxxxxxx Stock Option unless and until the holder executes and delivers an Option Release to Xxxxxxxx. Payments made by Xxxxxxxx pursuant to executed Option Releases as described in this Paragraph 6.14 shall not be deemed to breach any covenant of Xxxxxxxx hereunder or to result in a breach of any representation or warranty of Xxxxxxxx herein, provided, that such payments shall not be made with respect to an aggregate number of Xxxxxxxx Stock Options that exceeds the number of such options Previously Disclosed. As a result...
Sample 1
Xxxxxxxx Options. Xxxxxxx shall retain any and all options he may have received to purchase shares of IO, based upon the rules and regulations of the stock option plan of IO. It is the intent of the parties that Xxxxxxx'x options shall not be affected by this Agreement. Nothing in this Agreement shall be interpreted or construed as expanding or modifying Xxxxxxx'x option rights.
Sample 1

Related to Xxxxxxxx Options

  • Xxxxxxxxxx Rights Upon request, an employee shall have the right to Union representation during an investigatory interview that an employee reasonably believes will result in disciplinary action. The employee will have the opportunity to consult with a local Union Xxxxxxx or Organizer before the interview, but such designation shall not cause an undue delay. (See Last Chance Agreements, Article 21, Section 12).

  • Xxxxx of Option The Plan Administrator of the Company hereby grants to the Optionee named in the Notice of Grant attached as Part I of this Agreement (the "Optionee") an option (the "Option") to purchase the number of Shares, as set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant (the "Exercise Price"), subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 15(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonstatutory Stock Option ("NSO").

  • Xxxxxxxxx, Esq If to the Trustee: The Bank of New York Mellon Corporate Trust Division 000 Xxxxxxxxx Xxxxxx, 0xx Xxxxx Xxxx Xxx Xxxx, XX 00000 Facsimile No.: (000) 000-0000 Attention: Corporate Trust Division The Issuer, any Guarantor or the Trustee, by notice to the others, may designate additional or different addresses for subsequent notices or communications. 92 All notices and communications to the Trustee or any Agent shall be deemed to have been duly given upon actual receipt thereof by such party. All other notices and communications (other than those sent to Holders) will be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile or other electronic transmission; and the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. Any notice or communication to a Holder of a Global Note will be delivered to the Depositary in accordance with its customary procedures. Any notice or communication to a Holder of a Definitive Note will be mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Failure to give a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. Except with respect to the Trustee and the Agents, if a notice or communication is given in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it. In respect of this Indenture, the Trustee shall not have any duty or obligation to verify or confirm that the Person sending instructions, directions, reports, notices or other communications or information by electronic transmission is, in fact, a Person authorized to give such instructions, directions, reports, notices or other communications or information on behalf of the party purporting to send such electronic transmission; and the Trustee shall not have any liability for any losses, liabilities, costs or expenses incurred or sustained by any party as a result of such reliance upon or compliance with such instructions, directions, reports, notices or other communications or information. Each other party agrees to assume all risks arising out of the use of electronic methods, including any non-secure method, such as, but without limitation, by facsimile or electronic mail, to submit instructions, directions, reports, notices or other communications or information to the Trustee, including without limitation, the risk of the Trustee acting on unauthorized instructions, notices, reports or other communications or information, and the risk of interception and misuse by third parties. If the Issuer gives a notice or communication to Holders, it will give a copy to the Trustee and each Agent at the same time. The Trustee shall have the right to accept and act upon Instructions given pursuant to this Indenture and any related financing documents and delivered using Electronic Means as provided in Section 7.06.

  • Xxxxxxx, Esq If to the Executive, to him at the offices of the Company with a copy to him at his home address, set forth in the records of the Company. Any person named above may designate another address or fax number by giving notice in accordance with this Section to the other persons named above.

  • Our Option If we give you written notice within 30 days after we receive your signed, sworn proof of loss, we may repair or replace any part of the damaged property with material or property of like kind and quality.

  • Xxxxxxxxx, X Xxxxxxx Chairman & CEO Barangay Bagumbayan Paracale, Camarines Norte Tel No. 0000-000-0000/000-0000 Email: xxxxxxxxx_xxxx@xxxxx.xxx November 4, 2008 November 3, 2033 Paracale, Camarines Norte Gold, Copper 173.9329

  • Xxxxxxxx, X X. Xxxxxx, as Trustee .................. 00 Xxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000

  • Xxxxxxxxx Pay The Company will pay Executive a lump sum cash payment, less all applicable withholdings and deductions, in an amount equal to:

  • Xxxxxxxxxx, X X. 00000.

  • XXXXXXX Xxxxxx X. Xxxxxxx