GRANT OF OPTIONS; VESTING; EXERCISE PRICE Sample Clauses

GRANT OF OPTIONS; VESTING; EXERCISE PRICE. The Company hereby documents the stock option previously contemplated to be issued to the Executive and awards the same to establish the right and option to purchase from the Company (the "Option"), upon the terms and conditions hereinafter set forth, in whole or in part, from time to time, up to 43,000,000 shares (the "Option Shares") of common stock of the Company, par value $.00001 per share ("Common Stock") at a purchase price per Option Share equal to $0.0025 per share (the "Exercise Price"). The right to purchase Option Shares under this Option shall vest on January 1, 2005, provided the Executive's employment is not terminated from Ceptor Corporation on or before such date due to "Cause" as that term is defined in the Executive's employment agreement on or before such date. Should Executive's employment terminate for any other reason prior to January 1, 2005, then the Option shall still vest on January 1, 2005. The parties may elect to accelerate vesting in their joint discretion. The Executive shall have the right to purchase Option Shares for a period of five (5) years from the date of this Agreement (the "Expiration Date"). The number of Option Shares and Exercise Price are subject to adjustment as provided herein, and all references to "Option Shares" and "Exercise Price" herein shall be deemed to include any such adjustment or series of adjustments.
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GRANT OF OPTIONS; VESTING; EXERCISE PRICE. As partial consideration for entering into the Employment Agreement, the Company hereby grants to Optionee the right and option to purchase from the Company (the "Option"), upon the terms and subject to the vesting requirements and other conditions hereinafter set forth, in whole or in part, from time to time, up to Seven Hundred Fifty Thousand (750,000) shares (the "Option Shares") of Common Stock at a purchase price per Option Share equal to the Fair Market Value (as defined herein) per share of the Company's common stock as of the date of this Agreement (the "Exercise Price"). Optionee shall have the right to purchase the Option Shares under this Option according to the following schedule and on each of the following dates (each a "Vesting Date" and collectively, the "Vesting Dates"):
Sample 1
GRANT OF OPTIONS; VESTING; EXERCISE PRICE. As partial consideration for entering into the Separation Agreement, the Company hereby grants to Executive the right and option to purchase from the Company (the "Option"), upon the terms and subject to the vesting requirements and other conditions hereinafter set forth, in whole or in part, from time to time, up to TWO HUNDRED THIRTY-FIVE THOUSAND (235,000) shares (the "Option Shares") of Common Stock. Executive shall have the right to purchase Option Shares under this Option according to the following schedule and on each of the following dates (each a "Vesting Date" and collectively, the "Vesting Dates") at each of the following purchase prices (the "Exercise Price"):
Sample 1
GRANT OF OPTIONS; VESTING; EXERCISE PRICE. The Company hereby grants to Executive the right and option to purchase from the Company (the "Option"), upon the terms and subject to the vesting requirements and other conditions hereinafter set forth, in whole or in part, from time to time, up to ____________________ (_______) shares (the "Option Shares") of Common Stock. Executive shall have the right to purchase Option Shares under this Option according to the following schedule and on each of the following dates (each a "Vesting Date" and collectively, the "Vesting Dates") at each of the following purchase prices (the "Exercise Price"):
Sample 1

Related to GRANT OF OPTIONS; VESTING; EXERCISE PRICE

  • Vesting and Exercisability of Option The Option shall vest, and may be exercised, with respect to the Shares as set forth in the Optionee Statement attached hereto and made a part hereof, subject to earlier termination of the Option as provided in Sections 1.4 and 6 hereof or in the Plan. The right to purchase the Shares as they become vested shall be cumulative and shall continue during the Exercise Term unless sooner terminated as provided herein.

  • Number of Shares; Exercise Price This certifies that, for value received, the United States Department of the Treasury or its permitted assigns (the “Warrantholder”) is entitled, upon the terms and subject to the conditions hereinafter set forth, to acquire from the Company, in whole or in part, after the receipt of all applicable Regulatory Approvals, if any, up to an aggregate of the number of fully paid and nonassessable shares of Preferred Stock set forth in Item 7 of Schedule A hereto (the “Shares”), at a purchase price per share of Preferred Stock equal to the Exercise Price.

  • Adjustment of Exercise Price and Number of Shares The number of and kind of securities purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows:

  • Exercisability of Option Unless otherwise provided in this Agreement or the Plan, this Option shall entitle the Participant to purchase, in whole at any time or in part from time to time, to the extent the Option is vested in accordance with the vesting schedule herein, the Shares subject to this Option, and each such right of purchase shall be cumulative and shall continue, unless sooner exercised or terminated as herein provided, during the remaining Option Period.

  • Certification of Adjusted Exercise Price or Number of Shares of Common Stock Whenever the Exercise Price or the number of shares of Common Stock issuable upon the exercise of each Warrant is adjusted as provided in Section 11 or 13, the Company shall (a) promptly prepare a certificate setting forth the Exercise Price of each Warrant as so adjusted, and a brief statement of the facts accounting for such adjustment, (b) promptly file with the Warrant Agent and with each transfer agent for the Common Stock a copy of such certificate and (c) instruct the Warrant Agent to send a brief summary thereof to each Holder of a Warrant Certificate.

  • Vesting; Time of Exercise Except as specifically provided in this Agreement and subject to certain restrictions and conditions set forth in the Plan, the Optioned Shares shall be vested and the Stock Option shall be exercisable as follows:

  • Duration of Exercisability The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3.

  • NUMBER OF SHARES AND EXERCISE PRICE The number of shares of Common Stock subject to your option and your exercise price per share referenced in your Grant Notice may be adjusted from time to time for Capitalization Adjustments.

  • Certificate of Adjusted Exercise Price or Number of Shares Whenever an adjustment is made as provided in Sections 11 and 13 hereof, the Company shall promptly (a) prepare a certificate setting forth such adjustment and a brief statement of the facts accounting for such adjustment, (b) file with the Rights Agent and with each transfer agent for the Preferred Shares a copy of such certificate and (c) mail a brief summary thereof to each holder of a Rights Certificate in accordance with Section 26 hereof. Notwithstanding the foregoing sentence, the failure of the Company to make such certification or give such notice shall not affect the validity of such adjustment or the force or effect of the requirement for such adjustment. The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment contained therein and shall not be deemed to have knowledge of such adjustment unless and until it shall have received such certificate.

  • Period of Exercisability Section 3.1 - Commencement of Exercisability ----------- ------------------------------

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