Matching Options Clause Samples
The Matching Options clause allows one party, typically an existing investor or partner, the right to match any offer made by a third party before the original party can accept it. In practice, if the company receives an offer to purchase shares or assets, the holder of the matching right is given the opportunity to match the terms of that offer within a specified timeframe. This clause serves to protect the interests of the existing party by giving them a chance to maintain their position or investment, and it helps prevent unwanted changes in ownership or control.
Matching Options. For each of the Purchased Shares so purchased, you shall be granted a stock option to purchase one share of Premcor common stock at an exercise price equal to the price per share you paid for the Purchased Shares (the "Matching Options"). Subject to your continued service on the Board, such Matching Options will vest in equal installments on each of the first three anniversaries of the date of grant, and will become fully vested upon the occurrence of a Change in Control of Premcor. Other terms and conditions of the Matching Options shall be as set forth herein, in the Plan and in an option agreement between you and Premcor.
Matching Options. (i) The Company contemplates an initial public offering of shares of common stock pursuant to an effective registration statement filed under the Securities Act of 1933, as amended (the "Securities Act"), and the rules and regulations promulgated thereunder (the "Initial Public Offering") during the year 2002. At the time, if any, of such Initial Public Offering, the Company shall grant to Executive a stock option to purchase 25,000 shares of Company common stock at an exercise price equal to the public offering price per share paid by the initial purchasers in the Initial Public Offering less the underwriting commission per share (the "Matching Options"). Subject to Executive's continued employment with the Company, such Matching Options will vest in equal installments on each of the first three anniversaries of the date of grant, and will become fully vested upon the occurrence of a Change in Control of the Company. Other terms and conditions of the Matching Options shall be as set forth herein, in the Plan and an option agreement between the Company and Executive.
Matching Options. Effective as of the closing of the purchase of shares pursuant to Section 3(c)(i), the Company will grant the Executive non-qualified stock options under the Stock Incentive Plan to purchase 200,000 shares of Common Stock, representing twice the number of the first 100,000 shares purchased by Executive pursuant to Section 3(c)(i) (the “Matching Options”). Subject to Section 3(c)(iv), the exercise price per share of Common Stock covered by the Matching Options will equal the Per Share Price.
Matching Options. Pursuant to the terms of Plan, the Participating Company will grant the Participant Matching Options.
Matching Options. You will be eligible to receive options equal to the number of shares that you purchase for long-term investment within the first twelve months of employment, up to the equivalent of two times (2x) your starting annual base salary, to be granted with the approval of the Compensation Committee of the Board of Directors. The exercise price of the options will be set at the closing price on the date of purchase on the open market in one or more transactions, not to exceed three trading days. Your purchase of shares must comply with the Company’s policy regarding ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇. These options will vest ratably over three years.