Common use of Additional Consideration Clause in Contracts

Additional Consideration. Should the Internal Revenue Service determine that the Exercise Price established by the Board as the fair market value per Share is less than the fair market value per Share as of the date of Option grant, Optionee hereby agrees to tender such additional consideration, or agrees to tender upon exercise of all or a portion of this Option, such fair market value per Share as is determined by the Internal Revenue Service.

Appears in 19 contracts

Samples: Kulr Technology (KULR Technology Group, Inc.), Stock Option Agreement (Originoil Inc), Non Qualifiedstock Option Award Agreement (Coretec Group Inc.)

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Additional Consideration. Should the Internal Revenue Service determine that the Exercise Price established by the Board as the fair market value per Share is less than the fair fan market value per Share as of the date of Option grant, Optionee hereby agrees to tender such additional consideration, or agrees to tender upon exercise of all or a portion of this Option, such fair market value per Share as is determined by the Internal Revenue Service.

Appears in 1 contract

Samples: Employment Agreement (3dicon Corp)

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Additional Consideration. Should the Internal Revenue Service determine that the Exercise Price established by the Board as the fair market value per Share is less than the fair market value per Share as of the date of Option grant, Optionee hereby agrees to tender such additional consideration, or agrees to tender upon exercise of all or a portion of this Option, such fair market value per Share as is determined by the Internal Revenue Service.. SLC_455207.1

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Medizone International Inc)

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