Common use of Grant; Type of Option Clause in Contracts

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the CardConnect Corp. 2016 Omnibus Equity Compensation Plan (as may be amended from time to time, the “Plan”). The Option is intended to be an Incentive Stock Option within the meaning of Section 422 of the Code, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and its Affiliates) exceeds $100,000, the Options or portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as Nonqualified Stock Options.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (CardConnect Corp.), Incentive Stock Option Agreement (CardConnect Corp.)

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Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price exercise price set forth above. The Option is being granted pursuant to the terms of the CardConnect Corp. 2016 Omnibus Company’s 2014 Equity, Equity-Linked and Equity Compensation Derivative Incentive Plan (as may be amended from time to time, the “Plan”). The Option is intended to be an Incentive Stock Option within the meaning of Section 422 of the Code, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and its Affiliates) exceeds $100,000, the Options or portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as Nonqualified Non-Statutory Stock Options.

Appears in 1 contract

Samples: Form of Incentive Stock Option Award Agreement (RespireRx Pharmaceuticals Inc.)

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock Ordinary Shares of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the CardConnect Corp. 2016 Omnibus Company’s AnBio Therapeutics Ltd 2021 Equity Compensation Incentive Plan (as may be amended from time to time, the “Plan”). The Option is intended to be an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock Ordinary Shares with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and its Affiliates) exceeds $100,000, the Options Option or portions portion thereof which exceed exceeds such limit (according to the order in which they were granted) shall be treated as Nonqualified Non-Qualified Stock Options.. 302045020 v1

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Nuvation Bio Inc.)

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock Ordinary Shares of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the CardConnect Corp. 2016 Omnibus Company’s AnBio Therapeutics Ltd 2021 Equity Compensation Incentive Plan (as may be amended from time to time, the “Plan”). The Option is intended to be an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock Ordinary Shares with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and its Affiliates) exceeds $100,000, the Options Option or portions portion thereof which exceed exceeds such limit (according to the order in which they were granted) shall be treated as Nonqualified Non-Qualified Stock Options.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Nuvation Bio Inc.)

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the CardConnect Corp. 2016 Omnibus Equity Compensation Amended and Restated INmune Bio Inc. 2021 Stock Incentive Plan (as may be amended from time to time, the “Plan”). The Option is intended to be an Incentive Stock Option within the meaning of Section 422 of the Code, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and its Affiliates) exceeds $100,000, the Options or portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as Nonqualified Non-Qualified Stock Options.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Inmune Bio, Inc.)

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company Mystic Holdings, Inc equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the CardConnect Corp. 2016 Omnibus Equity Compensation Company’s Mystic Holdings, Inc. Employee Incentive Stock Option Plan (as may be amended from time to time, the “Plan”). The Option is intended to be an Incentive Stock Option within the meaning of Section 422 of the Code, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company Company, subsidiaries, and its Affiliatesaffiliates) exceeds $100,000, the Options or portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as Nonqualified Non-Qualified Stock Options.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Mystic Holdings Inc./Nv)

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Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the CardConnect Corp. 2016 International Money Express, Inc. 2018 Omnibus Equity Compensation Plan (as may be amended from time to time, the “Plan”). The Option is intended to be an Incentive Stock Option within the meaning of Section 422 of the Code, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and its Affiliates) exceeds $100,000, the Options or portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as Nonqualified Stock Options.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Fintech Acquisition Corp. II)

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the CardConnect Corp. 2016 International Money Express, Inc. 2018 Omnibus Equity Compensation Plan (as may be amended from time to time, the “Plan”). The Option is intended to be an Incentive Stock Option within the meaning of Section 422 of the Code, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and its Affiliates) exceeds $100,000, the Options or portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as Nonqualified Stock Options.. (b)

Appears in 1 contract

Samples: Incentive Stock Option Agreement (International Money Express, Inc.)

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the CardConnect Corp. 2016 Omnibus Planet 13 Holdings Inc. 2023 Equity Compensation Plan (Incentive Plan, as it may be amended from time to time, time (the “Plan”). The Option is intended to be an Incentive Stock Option within the meaning of Section 422 of the Code, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and its Affiliates) exceeds $100,000, the Options or portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as Nonqualified Non-Qualified Stock Options.

Appears in 1 contract

Samples: Incentive Plan Incentive Stock Option Agreement (Planet 13 Holdings Inc.)

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