1Grant Clause Samples
The 'Grant' clause defines the rights or permissions that one party (the grantor) provides to another party (the grantee) under the agreement. Typically, this clause specifies the scope, duration, and limitations of the rights being granted, such as the right to use intellectual property, access certain resources, or perform specific actions. For example, it may allow a licensee to use copyrighted material within a defined territory and for a set period. The core function of the Grant clause is to clearly establish what is being permitted, thereby preventing misunderstandings and disputes over the extent of the rights conferred.
1Grant. 1.1 LICENSOR grants to LICENSEE an exclusive, royalty free license to make, have made, use, offer to sell, and sell throughout the world constructions embodying the invention disclosed and claimed in the [*] patent (“Exclusive License”).
1.2 LICENSEE shall not license any other third parties to make, have made, use, offer to sell, or sell licensed constructions embodying the invention disclosed and claimed in the [*] patent.
1.3 Product sold under the Exclusive License shall be referred to herein as Licensed Product.
1.4 This license shall remain in force until the [*] patent expires, unless sooner terminated under the provisions of Article III of this Agreement.
1Grant. Subject to the terms and conditions contained herein and in the Plan and Partnership Agreement, the Participant is granted 2,000 Incentive Units of the Partnership, of which 833.4 shall be eligible to vest based on the passage of time (the “Time Vesting Units”), 249.8 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 1 Performance Units”), 249.8 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 2 Performance Units”), 333.5 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 3 Performance Units”) and 333.6 shall be eligible to vest based on the achievement of certain performance goals (the “Tranche 4 Performance Units” and, together with the Tranche 1 Performance Units, the Tranche 2 Performance Units and the Tranche 3 Performance Units, the “Performance Vesting Units”).
1Grant. To secure the full and timely payment and performance of the Obligations, Borrower hereby MORTGAGES, GRANTS, BARGAINS, SELLS and CONVEYS to Lender all of Borrower's right, title and interest in and to the Property, subject, however, to the Permitted Encumbrances and the First Mortgage; TO HAVE AND TO HOLD the Property to Lender, its successors and assigns, and Borrower does hereby bind itself, its successors and assigns to WARRANT AND FOREVER DEFEND the title to the Property unto Lender.
1Grant. The Corporation hereby grants to the Participant an aggregate of [NUMBER] stock appreciation rights (the "SARs"). Each SAR entitles the Participant to receive, upon exercise, an amount equal to the excess of (a) the Fair Market Value of a share of Common Stock on the date of exercise, over (b) the Exercise Price (the "Appreciation Value"). The SARs are being granted pursuant to the terms of the Corporation’s 2024 Stock Appreciation Rights Plan (the "Plan").
1Grant. The Corporation hereby grants to the Director an aggregate of [NUMBER] stock appreciation rights (the "SARs"). Each SAR entitles the Director to receive, upon exercise, an amount equal to the excess of (a) the Fair Market Value of a share of Common Stock on the date of exercise, over (b) the Exercise Price (the "Appreciation Value"). The SARs are being granted pursuant to the terms of the Corporation's 2024 Stock Appreciation Rights Plan (the "Plan").
1Grant. Participant is hereby granted, effective as of the Grant Date, the number of Class B Units set forth on the signature page hereto (the “Award”). Each Class B Unit granted hereunder shall have the Benchmark Amount set forth on the signature page hereto.
1Grant. The Company is hereby granted the right (the “Repurchase Right”), exercisable at any time during the ninety (90) day period following the date Purchaser ceases for any reason to be a Service Provider, to repurchase at the Purchase Price (as adjusted for stock splits, stock dividends, combinations, recapitalizations or the like) any portion of the Shares as to which the Company’s Repurchase Right has not terminated (the “Unvested Shares”). For purposes of this Agreement, Purchaser shall be deemed to be a “Service Provider” for so long as Purchaser renders periodic services to the Company or one or more of its parent or subsidiary corporations as an employee, director or consultant. Notwithstanding any other provision in this Agreement, the Company shall be deemed to have timely exercised the Repurchase Right automatically for all of the Unvested Shares as of the commencement of the ninety (90) day period specified in Section 4.1, unless the Company during such ninety (90) day period notifies Purchaser that it will not exercise the Repurchase Right for some or all of the Unvested Shares.
1Grant. Sponsor shall grant to Grantee all amounts that it may deposit to the restricted fund it has set up for the Sponsored Project.
1Grant. The Company confirms the award to Employee of «Shares» shares of Common Stock (the "Shares") as restricted stock, upon the terms, restrictions, and conditions of this Agreement and the Plan. The award of Shares shall be effective as of the Effective Date of this Agreement.
1Grant. Each Grantor hereby (i) assigns and transfers to the Collateral Agent, and hereby grants to the Collateral Agent and (ii) reassigns and retransfers to the Collateral Agent, and hereby regrants to the Collateral Agent, in each case for the ratable benefit of the Secured Parties, a security interest in all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Secured Obligations:
(a) all Accounts; (b)all Chattel Paper;