GRANT OF OPTION definition

GRANT OF OPTION. For two (2) years (“Option Period”) following the Effective Date of this Agreement, LANDLORD grants to TENANT the option to lease (“Option”) the property outlined herein. Such Option Period may be extended for two (2) additional years at the election of the TENANT by notifying LANDLORD in writing of its intention to extend such Option Period within thirty (30) days prior to the expiration of the Option Period (“Extension Notice”).
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GRANT OF OPTION. The Company has granted to the Director, subject to the terms and conditions of this Agreement, the option to purchase from the Company an aggregate of 15,000 shares of Common Stock ($.01 par value) of the Company at the purchase price of $8.75 per share, such option to be exercisable as hereinafter provided.
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GRANT OF OPTION. For two (2) years (“Option Period”) following the Effective Date SELLER grants to PURCHASER the option to purchase (“Option”) the property outlined herein. Such Option Period may be extended for two (2) additional years at the election of the PURCHASER by notifying SELLER in writing of its intention to extend such Option Period within thirty (30) days prior to the expiration of the Option Period (“Extension Notice”).
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Examples of GRANT OF OPTION in a sentence

  • SECTION 2.1 - GRANT OF OPTION ----------------------------- In consideration of the Employee's agreement to remain in the employ of the Company or its Subsidiaries and for other good and valuable consideration, on the date hereof the Company irrevocably grants to the Employee the option to purchase any part or all of an aggregate of No. of shares shares of its $1.00 par value Common Stock upon the terms and conditions set forth in this Agreement.

  • GRANT OF OPTION The Corporation hereby grants to Optionee, as of the Grant Date, an option to purchase up to the number of Option Shares specified in the Grant Notice.

  • Capitalized terms not defined in this Agreement shall have the meaning ascribed to them in the Company’s 2013 Equity Incentive Plan, as amended from time to time (the “Plan”), or in the Grant Notice, as applicable.1. GRANT OF OPTION.

  • DEFERRED COMPENSATION STOCK OPTION PLAN AGREEMENT (GRANT OF OPTION) Date of Grant: ____________________, ____ THIS GRANT, dated as of the date of grant first stated above (the "Date of Grant") , is delivered by HIGHLAND HOLDINGS INTERNATIONAL, INC.

  • SECTION 2.1 - GRANT OF OPTION Effective as of the date set forth in the Stock Option Agreement, the Optionee was granted the Option, under which the Optionee has the irrevocable option to purchase any part or all of the aggregate number of shares of Common Stock set forth in the Stock Option Agreement, upon the terms and conditions set forth therein and in these Terms and Conditions and the Plan and in the Securityholders Agreement, which is described in Section 3 of the Stock Option Agreement.

  • By: /s/ David MicheryDavid Michery, CEO EXHIBIT AFORM OF GRANT OF OPTION PURSUANT TO THEPRIMCO MANAGEMENT, INC.

  • WHEREAS, the Corporation desires to afford the Optionee an opportunity to purchase shares of common stock of the Corporation ("Shares") as hereinafter provided, in accordance with the provisions of the Thomas & Betts Corporation Nonemployee Directors' Stock Option Plan (the "Plan"); NOW, THEREFORE, for and in consideration of the provisions and conditions as stated herein and in the Plan, and for other good and valuable consideration, it is agreed as follows: (1) GRANT OF OPTION.

  • By: /s/Lindsey Perry Lindsey Perry, CEO EXHIBIT AFORM OF GRANT OF OPTION PURSUANT TO THE PMX COMMUNITIES, INC.

  • NOTICE OF GRANT OF OPTION UNDER THE 1996 WORLD WIDE MAGIC NET, INC.

  • AMENDED AND RESTATED 2008 OMNIBUS INCENTIVE PLAN Stock Option Agreement GRANT OF OPTION.


More Definitions of GRANT OF OPTION

GRANT OF OPTION. Pursuant to the provisions of paragraph 3 of the subject Employment Agreement entitled "Salary", the Company hereby grants to the Executive the option to purchase certain shares of common stock of the Company and in accordance with the terms and conditions set forth herein.
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GRANT OF OPTION. In consideration of an annual payment of $ , the Department grants to the Optionee a non-assignable option to lease premises described in Exhibit “A”, attached hereto upon those terms and conditions as in the form, terms, and conditions of that lease agreement attached hereto as Exhibit “B”, and incorporated herein as if fully set forth. This Option to Lease shall remain in effect from the date of this Option to Lease Agreement until 12 noon Mountain Time on the Day of , 20 , at which time it will expire and terminate automatically.
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GRANT OF OPTION. Optionee is hereby granted a nonqualified stock option (the "Option") to purchase Common Stock of the Company pursuant to the Scott's Liquid Gold-Inc. 1998 Stock Option Plan (the "Plan"). Xxe Option and this Agreement are subject to and shall be construed in accordance with the terms and conditions of the Plan, as now or hereinafter in effect. Any terms which are used in this Agreement without being defined and which are defined in the Plan shall have the meaning specified in the Plan. This Option is not intended to qualify as an incentive stock option within the meaning of Code Section 422. Date of Grant. The date of the grant of the Option is the date first set forth above.
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GRANT OF OPTION. Conditions. Tenant shall have the right to extend the Term (the “Extension Option”) for one (1) additional period of five (5) years, commencing on January 1, 2022, and ending on December 31, 2026 (the “Fifth Extended Term”), if:”
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GRANT OF OPTION. For one hundred twenty (120) days (“Option Period”) following execution of this Agreement, LESSOR grants to LESSEE the option to lease (“Option”) the property outlined herein.
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Related to GRANT OF OPTION

  • Date of Option Grant means the effective date of grant of the Option as set forth in the Notice.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Restricted Stock Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.

  • Director Option means an Option granted pursuant to Section 6.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Restricted Stock Plan means the RPM, Inc. 1997 Restricted Stock Plan and any successor plan or arrangement thereto.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Sub-grant means a grant made or proposed to be made by the Recipient to a Beneficiary out of the proceeds of the Financing for the purpose of financing a Subproject; and “Sub-grants” means more than one such Sub-grant.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Grant means mortgage, pledge, bargain, sell, warrant, alienate, remise, release, convey, assign, transfer, create and xxxxx x xxxx upon and a security interest in and right of set-off against, deposit, set over and confirm pursuant to this Indenture. A Grant of the Collateral or of any other agreement or instrument shall include all rights, powers and options (but none of the obligations) of the granting party thereunder, including the immediate and continuing right to claim for, collect, receive and give receipt for principal and interest payments in respect of the Collateral and all other moneys payable thereunder, to give and receive notices and other communications, to make waivers or other agreements, to exercise all rights and options, to bring Proceedings in the name of the granting party or otherwise and generally to do and receive anything that the granting party is or may be entitled to do or receive thereunder or with respect thereto.

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Stock Award Agreement means a written agreement between the Company and a holder of a Stock Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Option means a stock option granted pursuant to the Plan.

  • Stock Option Agreement means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to the Optionee’s Option.