Common use of Grant Terms Clause in Contracts

Grant Terms. Subject to approval by the Board of Directors of Company’s affiliate MDxHealth S.A. (the “Parent”) at its next regularly scheduled meeting of the Parent’s Board of Directors (the “Board”) following the date of this Agreement, Executive shall be granted an option to purchase 400,000 common shares of the Parent (the “Stock Option”). The per share exercise price of the Stock Option shall be equal to the higher of (i) average price of the common shares of the Parent on Euronext during the period of 30 days preceding the date of the grant, or (ii) the closing price on the Euronext of the underlying shares on the date of grant. The Stock Option will vest over the course of four years, in accordance with the terms of the option plan of the Parent, and shall be subject to such other terms and conditions set forth in the stock option plan(s) (“Plan”) pursuant to which it is granted and the agreement evidencing the grant.

Appears in 2 contracts

Sources: Executive Employment Agreement (MDxHealth SA), Executive Employment Agreement (MDxHealth SA)

Grant Terms. Subject to approval by the Board of Directors of Company’s affiliate MDxHealth S.A. (the “Parent”) at its next regularly scheduled meeting of the Parent’s Board of Directors (the “Board”) following the date of this Agreement, Executive shall be granted an option to purchase 400,000 200,000 common shares of the Parent (the “Stock Option”). The per share exercise price of the Stock Option shall be equal to the higher of (i) average price of the common shares of the Parent on Euronext during the period of 30 days preceding the date of the grant, or (ii) the closing price on the Euronext of the underlying shares on the date of grant. The Stock Option will vest over the course of four years, in accordance with the terms of the option plan of the Parent, and shall be subject to such other terms and conditions set forth in the stock option plan(s) (“Plan”) pursuant to which it is granted and the agreement evidencing the grant.

Appears in 2 contracts

Sources: Executive Employment Agreement (MDxHealth SA), Executive Employment Agreement (MDxHealth SA)