Common use of Notice of Exercise of Option Clause in Contracts

Notice of Exercise of Option. Notwithstanding anything to the contrary in the Plan, Corporation shall notify Awardholder at least ten Business Days prior to the occurrence of a Trigger Event. The Options shall be exercised in whole or in part upon Awardholder providing not less than three Business Days written notice prior to the Trigger Event (the “Exercise Date”) and any Option not exercised by the Exercise Date shall terminate and expire at the end of the day on the Exercise Date.

Appears in 11 contracts

Samples: Equity Participation Agreement (DAVIDsTEA Inc.), Equity Participation Agreement (DAVIDsTEA Inc.), Equity Participation Agreement (DAVIDsTEA Inc.)

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Notice of Exercise of Option. Notwithstanding anything to the contrary in the Plan, Corporation shall notify Awardholder at least ten Business Days prior to the occurrence of a Trigger Event. The Options shall be exercised in whole or in part upon Awardholder providing not less than three Business Days written Day notice prior to the Trigger Event (the “Exercise Date”) and any Option not exercised by the Exercise Date shall terminate and expire at the end of the day on the Exercise Date.

Appears in 4 contracts

Samples: Equity Participation Agreement (DAVIDsTEA Inc.), Equity Participation Agreement (DAVIDsTEA Inc.), Equity Participation Agreement (DAVIDsTEA Inc.)

Notice of Exercise of Option. Notwithstanding anything to the contrary in the Plan, Corporation shall notify Awardholder at least ten twenty Business Days prior to the occurrence of a Trigger Event. The Options shall be exercised in whole or in part upon Awardholder providing not less than three Business Days written notice prior to the Trigger Event (the “Exercise Date”) and any Option not exercised by the Exercise Date shall terminate and expire at the end of the day on the Exercise Date.

Appears in 2 contracts

Samples: Equity Participation Agreement (DAVIDsTEA Inc.), Equity Participation Agreement (DAVIDsTEA Inc.)

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Notice of Exercise of Option. Notwithstanding anything to the contrary in the Plan, Corporation shall notify Awardholder in writing at least ten Business Days prior to the occurrence of a Trigger Event. Event The Options shall be exercised in whole or in part upon Awardholder providing not less than three two Business Days written Day notice prior to the Trigger Event (the “Exercise Date”) and any Option not exercised by the Exercise Date shall terminate and expire at the end of the day on the Exercise Date.

Appears in 2 contracts

Samples: Equity Participation Agreement (DAVIDsTEA Inc.), Equity Participation Agreement (DAVIDsTEA Inc.)

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