Option Agreements Sample Contracts

AMENDMENT TO OPTION AGREEMENTS
Option Agreements • May 1st, 2017 • Elio Motors, Inc. • Motor vehicles & passenger car bodies

This Amendment to Option Agreements (this “Amendment”) is entered into effective as of the __ day of May, 2016, by and between ELIO MOTORS, INC., an Arizona corporation (the “Company”), and STUART LICHTER (“Optionee”).

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COOPER-STANDARD HOLDINGS INC. 2011 OMNIBUS INCENTIVE PLAN NONQUALIFIED STOCK OPTION AGREEMENT
Option Agreements • February 24th, 2015 • Cooper-Standard Holdings Inc. • Motor vehicle parts & accessories • Delaware

THIS AGREEMENT (this “Agreement”), which relates to a grant of Options made on Grant Date (the “Grant Date”), is between Cooper-Standard Holdings Inc., a Delaware corporation (the “Company”), and the individual whose name is set forth on the signature page hereof (the “Participant”):

Modification to Option Agreements
Option Agreements • February 12th, 2009 • Hexcel Corp /De/ • Plastic materials, synth resins & nonvulcan elastomers

All Employee Option Agreements entered into since 2005 have included a provision regarding retirement of the employee. In particular, if the optionee’s employment with Hexcel terminates other than for cause and other than as a result of death at a time when the employee is 65, or 55 with five or more years of service, then the option would continue to vest on its normal vesting schedule, and the employee would have three years from the date of termination of employment to exercise the option (provided that the option could not be exercised after the end of the ten-year term). Employee Option Agreements entered into prior to 2005 with our senior executives contained a similar provision regarding retirement of the employee that also provided for a three-year period to exercise the option after termination of employment.

PALLADYNE AI CORP. AMENDMENT TO OPTION AGREEMENTS
Option Agreements • May 8th, 2024 • Palladyne AI Corp. • General industrial machinery & equipment, nec

This AMENDMENT TO OPTION AGREEMENTS (the “Amendment”) is made and entered into by and between Palladyne AI Corp. (the “Company”) and Matthew Vogt (the “Participant”) as of April 16, 2024.

Option Agreements
Option Agreements • May 18th, 2020

This Commissioner’s practice explains the method of assessment of option agreements relating to dutiable property, assignments of options and the transfer, or agreement for the transfer, of dutiable property resulting from the exercise of the option.

BRIGHAM EXPLORATION COMPANY 1997 INCENTIVE PLAN AMENDMENT TO OPTION AGREEMENTS
Option Agreements • May 8th, 2009 • Brigham Exploration Co • Crude petroleum & natural gas

This Amendment to Option Agreements (the “Amendment”) is made effective as of April 22, 2009 (the “Effective Date”), by Brigham Exploration Company, a Delaware corporation (the “Company”).

AMENDMENT TO OPTION AGREEMENTS
Option Agreements • May 11th, 2009 • Community First Inc • State commercial banks • Tennessee

This Amendment to Option Agreement(s) (“Amendment”) is entered into as of the 13th day of March 2009, by and between Community First, Inc., a Tennessee corporation (the “Company”), and Marc R. Lively, the President and Chief Executive Officer of the Company (“Executive”).

AMENDMENT OF OPTION AGREEMENTS
Option Agreements • July 20th, 2010 • Copytele Inc • Computer peripheral equipment, nec • Delaware

This AMENDMENT OF OPTION AGREEMENTS (this “Amendment”) is made as of <INSERT DATE>, between <INSERT OPTION HOLDER NAME> (“Optionholder”) and CopyTele, Inc. (the “Company”).

PALLADYNE AI CORP. AMENDMENT TO OPTION AGREEMENTS
Option Agreements • May 8th, 2024 • Palladyne AI Corp. • General industrial machinery & equipment, nec

This AMENDMENT TO OPTION AGREEMENTS (the “Amendment”) is made and entered into by and between Palladyne AI Corp. (the “Company”) and Denis Garagic (the “Participant”) as of April 16, 2024.

PALLADYNE AI CORP. AMENDMENT TO OPTION AGREEMENTS
Option Agreements • May 8th, 2024 • Palladyne AI Corp. • General industrial machinery & equipment, nec

This AMENDMENT TO OPTION AGREEMENTS (the “Amendment”) is made and entered into by and between Palladyne AI Corp. (the “Company”) and Trevor Thatcher (the “Participant”) as of April 16, 2024.

AMENDMENT OF OPTION AGREEMENTS
Option Agreements • July 20th, 2010 • Copytele Inc • Computer peripheral equipment, nec • Delaware

This AMENDMENT OF OPTION AGREEMENTS (this “Amendment”) is made as of <INSERT DATE>, between <INSERT OPTION HOLDER NAME> (“Optionholder”) and CopyTele, Inc. (the “Company”).

AMENDMENT TO OPTION AGREEMENTS
Option Agreements • August 11th, 2010 • Universal Hospital Services Inc • Services-miscellaneous equipment rental & leasing • Delaware

This AMENDMENT TO OPTION AGREEMENTS (this “Amendment”) is made and entered into effective as of the 11th day of August, 2010 by UHS Holdco, Inc., a Delaware corporation (the “Company”) with respect to each Option Agreement (each, an “Option Agreement” and collectively, the “Option Agreements”) heretofore executed by the Company which provides for the grant of an Option pursuant to the UHS Holdco, Inc. Stock Option Plan (the “Plan”). Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Option Agreements or the Plan, as appropriate.

BRIGHAM EXPLORATION COMPANY 1997 INCENTIVE PLAN AMENDMENT TO OPTION AGREEMENTS
Option Agreements • August 10th, 2009 • Brigham Exploration Co • Crude petroleum & natural gas

This Amendment to Option Agreements (the “Amendment”) is made effective as of April 22, 2009 (the “Effective Date”), by Brigham Exploration Company, a Delaware corporation (the “Company”).

Profire Energy, Inc. 2010 Equity Incentive Plan Amendment AMENDMENT TO OPTION AGREEMENTS
Option Agreements • June 15th, 2015 • Profire Energy Inc • Oil & gas field machinery & equipment
AMENDMENT TO OPTION AGREEMENTS
Option Agreements • June 13th, 2016 • Profire Energy Inc • Oil & gas field machinery & equipment

This AMENDMENT TO OPTION AGREEMENTS (this "Amendment") is made and entered into effective as of [ __ ], 2015 by Profire Energy, Inc. (the "Company") with respect to each Option Agreement listed on Schedule A (each, an "Option Agreement" and collectively, the "Option Agreements") heretofore executed by the Company which provides for the grant of an Option pursuant to the Profire Energy, Inc., 2010 Equity Incentive Plan (the "Plan"). Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Option Agreements.

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