Exercise Right Sample Clauses
The Exercise Right clause defines a party's ability to take a specific action or enforce a particular right under the agreement. Typically, this clause outlines the conditions, timeframes, and procedures required for a party to exercise their rights, such as providing written notice or fulfilling certain prerequisites. For example, it may allow a party to purchase additional shares, terminate the contract, or demand performance upon meeting specified criteria. Its core function is to ensure that both parties understand how and when contractual rights can be activated, thereby reducing ambiguity and potential disputes.
Exercise Right. Your Award is to purchase, on the terms and conditions set forth below, the following number of shares (the “Option Shares”) of the Company’s common stock, par value $.01 per share (the “Common Stock”) at the exercise price specified below (the “Exercise Price”).
Exercise Right. Guarantee: Listing:
Exercise Right. The Corporation (or its assignees) shall, for a -------------- period of thirty (30) days following receipt of the Disposition Notice, have the right to repurchase any or all of the Target Shares specified in the Disposition Notice upon substantially the same terms and conditions specified therein. Such right shall be exercisable by written notice (the "Exercise Notice") delivered to Owner prior to the expiration of the thirty (30) day exercise period. If such right is exercised with respect to all the Target Shares specified in the Disposition Notice, then the Corporation (or its assignees) shall effect the repurchase of the Target Shares, including payment of the purchase price, not more than ten (10) business days after delivery of the Exercise Notice; and at such time Owner shall deliver to the Corporation the certificates representing the Target Shares to be repurchased, each certificate to be properly endorsed for transfer. To the extent any of the Target Shares are at the time held in escrow under Article VII hereof, the certificates for such shares shall automatically be released from escrow and surrendered to the Corporation for cancellation. The Target Shares so purchased shall thereupon be cancelled and cease to be issued and outstanding shares of the Corporation's Common Stock. Should the purchase price specified in the Disposition Notice be payable in property other than cash or evidences of indebtedness, the Corporation (or its assignees) shall have the right to pay the purchase price in the form of cash equal in amount to the value of such property. If the Owner and the Corporation (or its assignees) cannot agree on such cash value within ten (10) days after the Corporation's receipt of the Disposition Notice, the valuation shall be made by an appraiser of recognized standing selected by the Owner and the Corporation (or its assignees), or, if they cannot agree on an appraiser within twenty (20) days after the Corporation's receipt of the Disposition Notice, each shall select an appraiser of recognized standing and the two appraisers shall designate a third appraiser of recognized standing, whose appraisal shall be determinative of such value. The cost of such appraisal shall be shared equally by the Owner and the Corporation. The Closing shall then be held on the latter of (i) the fifth (5th) business day following delivery of the Exercise Notice or (ii) the fifteenth (15th) day after such cash valuation shall have been made.
Exercise Right. 4.1 In vesting period and extended exercise period, Party A can issue a exercise notice ("Exercise Notice") as Annex II of this Agreement to Party B, and required to exercise their share options in this Agreement, acquired all or part underlying shares of some domestic companies are held by Party B.
4.2 Once Party B received the exercise notice which is issued by Party A, under the provisions of above Article 4.1, Party B shall do immediately, and no later than five working days after its receipt of the exercise notice,
4.2.1 According to the requirements of exercise right, notice the signed together with Party A and / or any entity (or persons) designated by Party A such as "Equity Transfer Agreement" in Annex IV of this Agreement;
4.2.2 In accordance with provisions of the "Equity Transfer Agreement" Party A and / or any entity (or person) designated by Party A and the other shareholders of domestic companies together through a format such as shareholder resolutions in Annex V of this Agreement, approve the "Equity transfer Agreement "and modify the articles of association of domestic firms;
4.2.3 Together with Party A and / or any entity (or person) specified by Party A and the other shareholders of domestic companies, promote domestic companies submit the "Equity Transfer Agreement" and the modification of the Articles of Association of the company to the relevant approving authority, and assist in obtaining necessary approvals;
4.2.4 Together with Party A and / or any entity (or person) specified by Party A and the other shareholders of domestic companies, promote and assist domestic companies formulate the corresponding registration changes from its registration authority;
4.2.5 To complete the share purchase all other necessary matters.
Exercise Right. In lieu of exercising this Warrant as specified in Section 1.2, Holder may from time to time, in its sole discretion, exercise this Warrant in whole or in part as to the portion of the Warrant that is exercisable and, in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise for the aggregate Warrant Price pursuant to Section 1.2, elect instead to receive upon such exercise the “net number” of Shares determined according to the following formula (a “Cashless Exercise”): X= Y (A-B) Where:
Exercise Right. This Warrant is only exercisable at the option of the Holder at any time from and after the Exercise Date and prior to the Expiration Date.
Exercise Right. Subject to the restrictions, limitations, terms and conditions specified in the Plan and this Agreement, the Company has granted you as of the Grant Date the right to purchase, on the terms and conditions set forth below, 700,000 shares of Common Stock (the “Option Shares”) at the exercise price of $3.39 (the “Exercise Price”).
Exercise Right. Notwithstanding the extent to which Optionee is vested in this Option on any date under Section 3(a), Optionee may exercise this Option only after the occurrence of an "Exercise Event" as described in Section 3(b).
Exercise Right. Guarantee:
Exercise Right. Subject to the restrictions, limitations, terms and conditions specified in the Plan and this Agreement, the Company has granted you as of the Grant Date the right to purchase, on the terms and conditions set forth below, the following number of shares (the “Option Shares”) of the Company’s common stock, par value $.01 per share (the “Common Stock”) at the exercise price specified below (the “Exercise Price”). Tranche 1 83,333 $14.32 Tranche 2 83,333 $17.18 Tranche 3 83,334 $20.05 2020 Inducement Stock Option Grant Agreement – U.S. (Updated July 2020)