Examples of Corporation Options in a sentence
Except for the foregoing, Acquired Corporation does not have any other arrangements or commitments obligating it to issue shares of its capital stock or any securities convertible into or having the right to purchase shares of its capital stock, including the grant or issuance of Acquired Corporation Options.
Also, by mutual agreement between the Corporation and a Participant in the Plan or under any other present or future plan of the Corporation, Options or other Awards may be granted to a Participant in substitution and exchange for, and in cancellation of, any Awards previously granted to the Participant under the Plan, or under any other future plan of the Corporation.
Subject to certain exceptions, if an employee or consultant ceases to act in that capacity in relation to the Corporation, Options held by such person will expire 60 days after they cease to act in that capacity in relation to the Corporation.
No Employee shall be granted, in any fiscal year of the Corporation, Options covering more than one hundred thousand (100,000) Shares.
All Corporation Options into which LLC Options are converted in accordance with the terms of this Section 5 shall be deemed to have been issued in full satisfaction of all rights pertaining to such LLC Options.