Incentive Warrant Sample Clauses

An Incentive Warrant clause grants certain individuals, typically employees or key stakeholders, the right to purchase company shares at a predetermined price as a form of incentive or reward. This clause outlines the conditions under which the warrants can be exercised, such as meeting performance targets or remaining with the company for a specified period. Its core function is to align the interests of recipients with the company's success, motivating them to contribute to the company's growth and long-term value.
Incentive Warrant. In partial consideration for the Investor entering into this Agreement, on the applicable Closing Date of the First Sale the Company shall issue and deliver to the Investor the Incentive Warrant, with an exercise price equal to 150% of the Purchase Price of the First Sale.
View SourceView Similar (4)
Incentive Warrant. Concurrently with Bech▇▇▇'▇ ▇▇▇ Webvan's execution and delivery of this Contract, Webvan has delivered to Bechtel a warrant (the "WARRANT") in the form of Appendix 5.8 attached hereto and made a part hereof for the purchase of up to six hundred thousand (600,000) shares of preferred stock of Webvan. As provided in the Warrant, Bech▇▇▇'▇ ▇▇▇hts under the Warrant shall vest with respect to certain shares of preferred stock of Webvan only when the DC Project has been completed On Time/On Budget. For purposes of the Warrant, "ON TIME/ON BUDGET" shall mean, with respect to any particular DC Project, that (i) Substantial Completion of the DC Project has actually occurred on or before the Scheduled Date for such DC Project, and (ii) the actual aggregate Cost of the Work of the DC Project through its Final Completion does not exceed the Cost Incentive Cap for the DC Project, as such Cost Incentive Cap may have been adjusted by Change Orders executed by Webvan for such DC Project in accordance with Section 2.5.4.1, and (iii) at the time of such Final Completion no *Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
View SourceView Similar (2)
Incentive Warrant. The Company executed and delivered the Incentive Warrant to the Investor.]
View Source
Incentive Warrant. In partial consideration for the Investor entering into this Agreement, on the Closing Date, the Company shall issue the Incentive Warrant to the Investor. The Incentive Warrant shall be delivered by the Company to the Investor upon execution of this Agreement by the parties hereto.
View Source
Incentive Warrant. In partial consideration for the Investor entering into this Agreement, on the Closing Date of the First Sale, the Company shall issue and deliver to the Investor the Incentive Warrant for the purchase of such number of shares of Common Stock and with an exercise price as described in such Incentive Warrant.
View Source
Incentive Warrant. Concurrently with Bech▇▇▇'▇ ▇▇▇ Webvan's execution and delivery of this Contract, Webvan has delivered to Bechtel a warrant (the "WARRANT") in the form of Appendix 5.8 attached hereto and made a part hereof for the purchase of up to six hundred thousand (600,000) shares of preferred stock of Webvan. As provided in the Warrant, Bech▇▇▇'▇ ▇▇▇hts under the Warrant shall vest with respect to certain shares of preferred stock of Webvan only when the DC Project has been completed On Time/On Budget. For purposes of the Warrant, "ON TIME/ON BUDGET" shall mean, with respect to any particular DC Project, that [*] *Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
View Source
Incentive Warrant. In partial consideration for the Investor entering into this Agreement, on the Subscription Date the Company shall issue the Incentive Warrant to the Investor. The Incentive Warrant shall be delivered by the Company to the Investor upon execution of this Agreement by the parties hereto.
View Source
Incentive Warrant. In partial consideration for the Investor ----------------- entering into this Agreement, on the Subscription Date, the Company shall issue and deliver to the Investor the Incentive Warrant, for the purchase of such number of shares of Common Stock and with an exercise price as described in such Incentive Warrant.
View Source
Incentive Warrant. The Company executed and delivered the Incentive Warrant to the Investor. --------------------------------------------------------------------------------------------------------------- 5. Protective Warrant...........................
View Source

Related to Incentive Warrant

  • Substitute Purchase Warrant In case of any consolidation of the Company with, or share reconstruction or amalgamation of the Company with or into, another corporation (other than a consolidation or share reconstruction or amalgamation which does not result in any reclassification or change of the outstanding Shares), the corporation formed by such consolidation or share reconstruction or amalgamation shall execute and deliver to the Holder a supplemental Purchase Warrant providing that the holder of each Purchase Warrant then outstanding or to be outstanding shall have the right thereafter (until the stated expiration of such Purchase Warrant) to receive, upon exercise of such Purchase Warrant, the kind and amount of shares of stock and other securities and property receivable upon such consolidation or share reconstruction or amalgamation, by a holder of the number of Shares of the Company for which such Purchase Warrant might have been exercised immediately prior to such consolidation, share reconstruction or amalgamation, sale or transfer. Such supplemental Purchase Warrant shall provide for adjustments which shall be identical to the adjustments provided for in this Section 6. The above provision of this Section shall similarly apply to successive consolidations or share reconstructions or amalgamations.

  • Exercise of Repurchase Option The Repurchase Option shall be exercised by written notice signed by an officer of the Company or by any assignee or assignees of the Company and delivered or mailed as provided in Section 17(a). Such notice shall identify the number of shares of Stock to be purchased and shall notify Purchaser of the time, place and date for settlement of such purchase, which shall be scheduled by the Company within the term of the Repurchase Option set forth in Section 2(a) above. The Company shall be entitled to pay for any shares of Stock purchased pursuant to its Repurchase Option, at the Company's option, in cash or by offset against any indebtedness owing to the Company by Purchaser, or by a combination of both. Upon delivery of such notice and payment of the purchase price in any of the ways described above, the Company shall become the legal and beneficial owner of the Stock being repurchased and all rights and interest therein or related thereto, and the Company shall have the right to transfer to its own name the Stock being repurchased by the Company, without further action by Purchaser.

  • Stock Option The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth on Schedule A. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time prior to the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement. Schedule A sets forth the date or dates after which the Optionee may exercise all or part of the Stock Option, subject to the provisions of the Plan.

  • Substitute Purchase Option In case of any consolidation of the Company with, or merger of the Company with, or merger of the Company into, another corporation (other than a consolidation or merger which does not result in any reclassification or change of the outstanding Common Stock), the corporation formed by such consolidation or merger shall execute and deliver to the Holder a supplemental Purchase Option providing that the holder of each Purchase Option then outstanding or to be outstanding shall have the right thereafter (until the stated expiration of such Purchase Option) to receive, upon exercise of such Purchase Option, the kind and amount of shares of stock and other securities and property receivable upon such consolidation or merger, by a holder of the number of shares of Common Stock of the Company for which such Purchase Option might have been exercised immediately prior to such consolidation, merger, sale or transfer. Such supplemental Purchase Option shall provide for adjustments which shall be identical to the adjustments provided in Section 6. The above provision of this Section shall similarly apply to successive consolidations or mergers.

  • Purchase Right Without prejudice to the enforcement of the Senior Secured Parties’ remedies, the Senior Secured Parties agree that following (a) the acceleration of the Senior Obligations in accordance with the terms of the Credit Agreement Loan Documents or (b) the commencement of an Insolvency or Liquidation Proceeding (each, a “Purchase Event”), within thirty (30) days of the Purchase Event, one or more of the Second Priority Debt Parties may request, and the Senior Secured Parties hereby offer the Second Priority Debt Parties the option, to purchase all, but not less than all, of the aggregate amount of outstanding Senior Obligations outstanding at the time of purchase at par, plus any premium that would be applicable upon prepayment of the Senior Obligations and accrued and unpaid interest, fees, and expenses without warranty or representation or recourse (except for representations and warranties required to be made by assigning lenders pursuant to the Assignment and Assumption (as such term is defined in the First Lien Credit Agreement)). If such right is exercised, the parties shall endeavor to close promptly thereafter but in any event within ten (10) Business Days of the request. If one or more of the Second Priority Debt Parties exercise such purchase right, it shall be exercised pursuant to documentation mutually acceptable to each of the Senior Representative and the Second Priority Representative, subject to any consent rights of the Borrowers under the First Lien Credit Agreement or any applicable Senior Debt Document. If none of the Second Priority Debt Parties exercise such right, the Senior Secured Parties shall have no further obligations pursuant to this Section 5.07 for such Purchase Event and may take any further actions in their sole discretion in accordance with the Senior Debt Documents and this Agreement.