Option Grant Fee definition

Option Grant Fee has the meaning set forth in Section 2.5 (Option Grant).
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Option Grant Fee shall have the meaning set forth in Section 4.1 hereof.
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Examples of Option Grant Fee in a sentence

  • For clarity, Aptose is under no obligation to pay the Option Grant Fee, and Aptose’s failure to pay the Option Grant Fee is not a breach of this Agreement and will not give rise to any right or remedy of CG except as expressly set forth herein.

  • Upon Aptose’s payment of the Option Grant Fee, CG agrees to grant, and hereby grants, Aptose: (i) the Option (as specified in Section 3.1, below), and (ii) the preclinical development license in Section 3.2, below, and the Parties shall thereupon enter the Option Period as set forth in Article 3, below.

  • Upon Aptose’s payment of the Option Grant Fee, this Article 3 comes into effect for the duration of the Option Period (defined below), and except as expressly set forth in this Article 3, no other provision of this Agreement shall be of any force or effect.

  • In the event that Aptose pays the Option Grant Fee, the Parties agree to issue a joint press release substantially in a form agreed by the Parties.

  • During the Evaluation Period, Aptose will have the right to conduct additional studies of CG’806 to obtain data useful to determine whether to pay the Option Grant Fee (the “Additional Studies” and collectively with the MTA Studies, the “Aptose Studies”).

  • The “Evaluation Period” means the period of time that commenced on the date that the MTA came into effect and ends upon the earlier of: (i) sixteen (16) weeks after Aptose’s receipt of the Additional Materials under Section 2.3 (Activities During Evaluation Period) below, or such later date as the Parties may agree in writing; and (ii) Aptose’s payment of the Option Grant Fee in accordance with Section 2.5 (Option Grant) below.

  • Aptose hereby represents and warrants to CG that, as of the Execution Date, Aptose has not entered into any agreement or arrangement with a Third Party that impairs Aptose’s ability to assign any Data pursuant to Aptose’s obligations under Sections 2.6 (Effects of Aptose’s Failure to Pay Option Grant Fee), 3.9 (Effects of Aptose’s Failure to Exercise Option) and 12.4 (Results of Termination), and any other similar provisions in this Agreement.

  • Furthermore, on such termination, NSS shall be permitted to retain the Option Grant Fee if such termination event occurs during the Exclusivity Period.

  • Dyadic will issue an email invoice to Xxxxxxx for the Exclusive Target Option Grant Fee immediately upon receipt of such written notice from Xxxxxxx and a formal invoice within [***] of such receipt.

  • Subject to payment be SES of the Option Grant Fee, the Option shall not be revocable by NSS during the Exclusivity Period.

Related to Option Grant Fee

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

  • Option Fee means an amount equal to 7% of the Specified Amount;

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

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

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

  • Annual Grant means an Option granted annually to all Non-Employee Directors who meet the criteria specified in subsection 6(b) of the Plan.

  • Date of Option Grant means __________________.

  • Grant Notice means the notice provided to a Participant that he or she has been granted an Award under the Plan and which includes the name of the Participant, the type of Award, the date of grant of the Award, number of shares of Common Stock subject to the Award or potential cash payment right, (if any), the vesting schedule for the Award (if any) and other key terms applicable to the Award.

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

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • Notice of Grant means a written or electronic notice evidencing certain terms and conditions of an individual Option grant. The Notice of Grant is part of the Option Agreement.

  • Grant Agreement/Grant Number means Grant Number [Grant Agreement Number] awarded to Grantee.

  • Grant Price means the price established at the time of grant of a SAR pursuant to Article 7, used to determine whether there is any payment due upon exercise of the SAR.

  • Stock Grant Agreement means the agreement between the Company and a Grantee who is awarded Shares under the Plan that contains the terms, conditions and restrictions pertaining to the award of such Shares.

  • 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.

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

  • 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.

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related 2018-1 Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2018-1 Vehicle for which the related 2018-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related 2018-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

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

  • Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.

  • Renewal Option has the meaning set forth in §12.1.

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

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

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

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.