Common use of Effect Clause in Contracts

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject to the Option equal to the number of shares of Common Stock with respect to which the Option is exercised.

Appears in 22 contracts

Samples: Stock Option Grant Agreement (Scio Diamond Technology Corp), Sample Qualified Stock Option Grant Agreement (Fero Industries, Inc.), Stock Incentive Plan (Sino Payments, Inc.)

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Effect. The exercise, in as a whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject Covered Shares as to which the Option may be exercised in an amount equal to the number of shares of Common Stock with respect as to which the Option is exercised.

Appears in 21 contracts

Samples: Stock Purchase Agreement (American Caresource Holdings, Inc.), Incentive Stock Option Agreement (Radius Health, Inc.), Stock Option Agreement (Radius Health, Inc.)

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject Covered Shares as to which the Option may be exercised in an amount equal to the number of shares of Common Stock with respect as to which the Option is exercised.

Appears in 14 contracts

Samples: Stock Option Agreement (Bank of Hawaii Corp), Stock Option Agreement (CASI Pharmaceuticals, Inc.), Stock Option Agreement (Macrogenics Inc)

Effect. The exercise, in whole or in part, of the Option Options shall cause a reduction in the number of shares of Common Stock subject to the Option remaining Options equal to the number of shares of Common Stock with respect to which the Option is Options are exercised.

Appears in 12 contracts

Samples: Incentive Stock Option Grant Agreement (Mechanical Technology Inc), Stock Option Grant Agreement (Howard Bancorp Inc), Stock Option Grant Agreement (WSB Holdings Inc)

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject to the Option Covered Shares equal to the number of shares of Common Stock Shares with respect to which the Option is exercised.

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement (Xm Satellite Radio Holdings Inc), Non Qualified Stock Option Agreement (Xm Satellite Radio Inc), Non Qualified Stock Option Agreement (Xm Satellite Radio Holdings Inc)

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject Covered Shares as to which the Option may be exercised in an amount equal to the number of shares of Common Stock with respect Ordinary Shares as to which the Option is exercised.

Appears in 5 contracts

Samples: Stock Option Agreement (Magicjack Vocaltec LTD), Stock Option Agreement (Magicjack Vocaltec LTD), Stock Option Agreement (Magicjack Vocaltec LTD)

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject to the Option Covered Shares equal to the number of shares of Common Stock with respect to which the Option is exercised.

Appears in 5 contracts

Samples: Incentive Stock Option Agreement (M&t Bank Corp), Incentive Stock Option Agreement (M&t Bank Corp), M&t Bank Corp

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject to the Option Vested Shares equal to the number of shares of Common Stock with respect to which the Option is exercised.

Appears in 3 contracts

Samples: Non Statutory Stock Option Agreement (Maxcyte, Inc.), Stock Option Agreement (Maxcyte, Inc.), Non Statutory Stock Option Agreement (Maxcyte, Inc.)

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Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject to the Option Covered Shares equal to the number of shares Shares of Common Stock with respect to which the Option is exercised.

Appears in 2 contracts

Samples: Maxim Pharmaceuticals Inc, Maxim Pharmaceuticals Inc

Effect. The exercise, in whole or in part, of the an Option shall cause a reduction in the number of shares of Common Stock subject to the Option Covered Shares equal to the number of shares of Common Stock Shares with respect to which the Option is exercised.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (It Partners Inc)

Effect. The exercise, in whole or in part, of the Option shall cause a reduction in the number of shares of Common Stock subject Covered Shares as to which the Option may be exercised in an amount equal to the number of shares of Common Stock with respect Shares as to which the Option is exercised.

Appears in 1 contract

Samples: Emulex Corp /De/

Effect. The exercise, in whole or in part, of the Option shall cause a ------ reduction in the number of shares of Common Stock subject to the Option Covered Shares equal to the number of shares of Common Stock Shares with respect to which the Option is exercised.

Appears in 1 contract

Samples: Xm Satellite Radio Holdings Inc

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