AGREEMENT TO GRANT OPTIONS Sample Clauses

AGREEMENT TO GRANT OPTIONS. Employer hereby grants to Employee, effective the date of execution of this Agreement, an option to purchase 875,000 shares of Common Stock exercisable at the closing sale price of the Common Stock on the date of execution of this Agreement. The number of option shares granted herein shall be increased or decreased to the same extent that the outstanding shares of Common Stock of Employer are increased or decreased by any stock split occurring after the effective date of this Agreement. Such options shall vest over a period of five years, as provided for herein. On each of the first four anniversary dates of the effective date of this Agreement, ten percent (10%) of such options shall be vested and, on the fifth anniversary of the date of execution of this Agreement, the remaining sixty percent (60%) shall vest. All options granted hereunder will be exercisable for a period of five years after the last options are vested, regardless whether Employer subsequently voluntarily leaves the employment of Employer or is terminated with or without "Cause" (as hereinafter defined). Options will vest on each such anniversary date if Employee continues to be employed by Employer on such anniversary date. All non-vested options will vest immediately upon a "Change of Control" (as hereinafter defined). Employer will concurrently with execution of this Agreement prepare an Option Agreement incorporating these terms and such other standard terms as have been contained in prior options or warrants granted to Employee.
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AGREEMENT TO GRANT OPTIONS. Subject to the last sentence of this Section 2.1, (a) on the first day that the Fair Market Value of the Common Stock is equal to or greater than $4.80 per share, the Employee will be automatically granted an Option hereunder to purchase One Hundred Fifty Thousand (150,000) shares of Common Stock at a price of $4.80 per share; and (b) on the first day that the Fair Market Value of the Common Stock is equal to or greater than $6.40 per share, the Employee will be automatically granted an Option hereunder to purchase One Hundred Fifty Thousand (150,000) shares of Common Stock at a price of $6.40 per share. In addition, if a Change in Control of the Company occurs which results in the shareholders of the Company receiving an amount per share of Common Stock equal to or greater than any of the per share amounts set forth in this Section 2.1, the corresponding Option will be automatically granted, and be exercisable in full pursuant to Section 4.3, immediately prior to the closing of the transaction resulting in such Change in Control. The date of grant of any such Option will be the first day that the Fair Market Value per share of Common Stock is equal to or greater than the related per share price set forth above or, if due to a Change in Control, on the date that the Company enters into a binding agreement that will result in a Change in Control or immediately prior to consummation of the Change in Control, whichever occurs first. Options shall be granted pursuant to this Section 2.2 if, and only if, (x) on the date of grant the Common Stock is (A) registered under Section 12 of the Exchange Act and (B) listed, admitted to unlisted trading privileges or reported on any national securities exchange, the Nasdaq National Market, the Nasdaq SmallCap Market, the OTC Bulletin Board or the National Quotation Bureau, Inc. or (y) the grant of such Option is due to a Change in Control.
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AGREEMENT TO GRANT OPTIONS. The Company hereby grants the Option to you in consideration for your exchange of shares of common stock of Research Analysis Corporation for shares of Common Stock pursuant to the agreement by and among Research Analysis Corporation, you, Brucx X. Xxxxxxxxx, Xxsearch Technology Analysis Corp., and the Company of even date herewith, and other good and valuable consideration, the receipt of which is hereby acknowledged.
Sample 1
AGREEMENT TO GRANT OPTIONS. In consideration of Aviron entering into the Collaboration Agreement with CSL, CSL agrees to grant to Aviron each of the following Options subject to, and with effect on and from, the satisfaction of the Relevant Condition Precedent in each case:
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AGREEMENT TO GRANT OPTIONS. 4 2.1 Agreement to grant Options ....................................... 4 2.2 Limitation ....................................................... 4 2.3
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Related to AGREEMENT TO GRANT OPTIONS

  • Option Rights Except as provided below, the Option shall be valid for a term commencing on the Grant Date and ending 10 years after the Grant Date (the "EXPIRATION DATE").

  • Stock Option Grants Executive will receive an annual grant of stock options during the term of this Agreement in a manner and under terms that are consistent with grants made to other executives of the Company.

  • Stock Option Agreement Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. Options may be granted in consideration of a reduction in the Optionee’s other compensation.

  • Agreement to Purchase The Mortgage Loan Seller agrees to sell, assign, transfer, set over and otherwise convey to the Purchaser, without recourse, representation or warranty, other than as set forth herein, and the Purchaser agrees to purchase from the Mortgage Loan Seller, subject to the terms and conditions set forth herein, the Mortgage Loans. The purchase and sale of the Mortgage Loans shall take place on September 28, 2012 or such other date as shall be mutually acceptable to the parties hereto (the “Closing Date”). As of the Cut-off Date, the Mortgage Loans will have an aggregate principal balance, after application of all payments of principal due on the Mortgage Loans on or before such date, whether or not received, of $533,807,743, subject to a variance of plus or minus 5%. The purchase price for the Mortgage Loans shall be an amount set forth on the cross receipt between the Mortgage Loan Seller and the Purchaser dated the date hereof (which price reflects no deduction for any transaction expenses for which the Mortgage Loan Seller is responsible). The Purchaser shall pay such purchase price to the Mortgage Loan Seller on the Closing Date by wire transfer in immediately available funds or by such other method as shall be mutually acceptable to the parties hereto.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Share Options With respect to the share options (the “Share Options”) granted pursuant to the share-based compensation plans of the Company and its subsidiaries (the “Company Share Plans”), (i) each Share Option intended to qualify as an “incentive stock option” under Section 422 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), so qualifies, (ii) each grant of a Share Option was duly authorized no later than the date on which the grant of such Share Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required shareholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Share Plans, the Exchange Act, and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange (the “Exchange”), and (iv) each such grant was properly accounted for in accordance with IFRS in the financial statements (including the related notes) of the Company. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Share Options prior to, or otherwise coordinating the grant of Share Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • Option Right Landlord hereby grants to the originally named Tenant herein (“Original Tenant”), and its “Permitted Assignees”, as that term is defined in Section 14.8, below, one (1) option to extend the Lease Term for a period of five (5) years (the “Option Term”), which option shall be irrevocably exercised only by written notice delivered by Tenant to Landlord not more than twelve (12) months nor less than nine (9) months prior to the expiration of the initial Lease Term, provided that the following conditions (the “Option Conditions”) are satisfied: (i) as of the date of delivery of such notice, Tenant is not in default under this Lease, after the expiration of any applicable notice and cure period; (ii) Tenant has not previously been in default under this Lease, after the expiration of any applicable notice and cure period, more than twice in the twelve (12) month period prior to the date of Tenant’s attempted exercise; and (iii) the Lease then remains in full force and effect. Landlord may, at Landlord’s option, exercised in Landlord’s sole and absolute discretion, waive any of the Option Conditions in which case the option, if otherwise properly exercised by Tenant, shall remain in full force and effect. Upon the proper exercise of such option to extend, and provided that Tenant satisfies all of the Option Conditions (except those, if any, which are waived by Landlord), the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years. The rights contained in this Section 2.2 shall be personal to Original Tenant and any Permitted Assignees, and may be exercised by Original Tenant or such Permitted Assignees (and not by any other assignee, sublessee or other “Transferee,” as that term is defined in Section 14.1 of this Lease, of Tenant’s interest in this Lease).

  • Option Plan This Option is subject to certain additional terms and ----------- conditions set forth in the Plan pursuant to which this Option has been issued. Optionee acknowledges receipt of a copy of the Plan on file with the Secretary of the Company and, by acceptance hereof, agrees to and accepts this Option subject to the terms of the Plan. Except as otherwise defined herein, defined terms used in this Agreement shall have the meaning ascribed thereto in the Plan.

  • Exercise of Stock Options If stock options granted in connection with a Stock Incentive Plan are exercised:

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

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