Common use of NOTICE OF STOCK OPTION GRANT Clause in Contracts

NOTICE OF STOCK OPTION GRANT. Optionee: ___________________________________ Address: ___________________________________ You have been granted an Option to purchase Common Stock of the Company (the “Option”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Vesting Commencement Date: ___________________________________ Exercise Price per Share: $___________________________________ Total Number of Shares Granted: ___________________________________ Total Exercise Price: $___________________________________ Type of Option: ___________________________________ Expiration Date: ___________________________________ Vesting Schedule: ___________________________________. To the extent vested, this Option will be exercisable for three (3) months following the Termination of Service of Optionee, unless termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months following the Termination of Service of Optionee. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoing sentence, in no event may this Option be exercised following the Termination of Service of Optionee as determined by the Company’s Board to be for Cause or after the Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Plan.

Appears in 3 contracts

Samples: Stock Option Agreement (Lucas Energy, Inc.), Stock Option Agreement (Monaker Group, Inc.), Stock Option Agreement (Lucas Energy, Inc.)

AutoNDA by SimpleDocs

NOTICE OF STOCK OPTION GRANT. OptioneeParticipant: _Address: Participant has been granted an Option, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Number __________________________________ Address: ___________________________________ You have been granted an Option to purchase Common Stock Date of the Company (the “Option”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Vesting Commencement Date: _Date __________________________________ Exercise Price per Share: Share $___________________________________ Total Number of Shares Granted: _Granted __________________________________ Total Exercise Price: Price $___________________________________ Type of Option: ___________________________________ Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date: ___________________________________ Vesting Schedule: ___________________________________. To Subject to Participant continuing to be a Service Provider and other limitations set forth in the extent vestedPlan and this Option Agreement, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % Termination Period: This Option will be exercisable for three (3) months following the Termination of after Participant ceases to be a Service of OptioneeProvider, unless such termination is due to OptioneeParticipant’s death or Disability, in which case this Option will be exercisable for twelve one (121) months following the Termination of year after Participant ceases to be Service of Optionee. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s deathProvider. Notwithstanding the foregoing sentenceforegoing, in no event may this Option be exercised following the Termination of Service of Optionee as determined by the Company’s Board to be for Cause or after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Planabove.

Appears in 3 contracts

Samples: Stock Option Agreement (Dolby Laboratories, Inc.), Executive Stock Option Agreement (Dolby Laboratories, Inc.), Stock Option Agreement (Dolby Laboratories, Inc.)

NOTICE OF STOCK OPTION GRANT. OptioneeParticipant: _Address: Participant has been granted an Option, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Number __________________________________ Address: ___________________________________ You have been granted an Option to purchase Common Stock Date of the Company (the “Option”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Vesting Commencement Date: _Date __________________________________ Exercise Price per Share: Share $___________________________________ Total Number of Shares Granted: _Granted __________________________________ Total Exercise Price: Price $___________________________________ Type of Option: ___________________________________ Unapproved Option Term/Expiration Date: ___________________________________ Vesting Schedule: ___________________________________. To Subject to Participant continuing to be a Service Provider and other limitations set forth in the extent vestedPlan and this Option Agreement, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % Termination Period: This Option will be exercisable for three (3) months following the Termination of after Participant ceases to be a Service of OptioneeProvider, unless such termination is due to OptioneeParticipant’s death or Disability, in which case this Option will be exercisable for twelve one (121) months following the Termination of year after Participant ceases to be Service of Optionee. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s deathProvider. Notwithstanding the foregoing sentenceforegoing, in no event may this Option be exercised following the Termination of Service of Optionee as determined by the Company’s Board to be for Cause or after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Planabove.

Appears in 2 contracts

Samples: Executive Stock Option Agreement (Dolby Laboratories, Inc.), Stock Option Agreement (Dolby Laboratories, Inc.)

NOTICE OF STOCK OPTION GRANT. Optionee: ___________________________________ Address: ___________________________________ You have been granted an Option to purchase Common Stock of the Company (the “Option”)Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: __________________________________________ Vesting Commencement Date: __________________________________________ Exercise Price per Share: $__________________________________________ Total Number of Shares Granted: __________________________________________ Total Exercise Price: $__________________________________________ Type of Option: __________________________________________ Expiration Date: __________________________________________ Vesting Schedule: ___________________________________. _______ Termination Period: __________________________________________ To the extent vested, this Option will be exercisable (i) for three (3) months following after Optionee ceases to be a Service Provider if and to the Termination of Service of Optioneeextent this Option is an ISO, unless termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months following after Optionee ceases to be a Service Provider, or (ii) through, if and to the Termination of Service of Optioneeextent this Option is not an ISO. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoing sentence, in no event may this Option be exercised following after any termination of the Termination of Service of Optionee as a Service Provider determined by the Company’s Board to be for Cause or after the Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Native American Energy Group, Inc.)

NOTICE OF STOCK OPTION GRANT. Optionee: ___________________________________ Address: ___________________________________ You have been granted an Option option to purchase Common Stock of the Company (the “Option”)Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Number ------------------------------------------ Date of Grant ------------------------------------------ Vesting Commencement Date: ___________________________________ Date ------------------------------------------ Exercise Price per Share: $___________________________________ Share ------------------------------------------ Total Number of Shares Granted: ___________________________________ Granted ------------------------------------------ Total Exercise Price: $___________________________________ Price ------------------------------------------ Type of Option: ________________________________ Incentive Stock Option ____ Nonstatutory Stock Option Term/Expiration Date: ___________________________________ ------------------------------------------ Exercise and Vesting Schedule: ___________________________________This Option shall be exercisable in whole or in part, and shall vest according to the following vesting schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Commencement Date, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to Optionee's continuing to be a Service Provider on such dates. To Termination Period: This Option may be exercised, to the extent it is then vested, for three months after Optionee ceases to be a Service Provider. Upon death or Disability of the Optionee, this Option will may be exercisable exercised, to the extent it is then vested, for three (3) months following the Termination of one year after Optionee ceases to be Service of Optionee, unless termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months following the Termination of Service of OptioneeProvider. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoing sentence, in no event may shall this Option be exercised following later than the Termination of Service of Optionee as determined by the Company’s Board to be for Cause or after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Planabove.

Appears in 1 contract

Samples: Cisco Systems Inc

NOTICE OF STOCK OPTION GRANT. Optionee: ___________________________________ Address: ___________________________________ You have been granted an Option to purchase Common Stock of the Company (the “Option”)Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________________________ Vesting Commencement Date: _____________________________________ Exercise Price per Share: $________________________________________ Total Number of Shares Granted: ___________________________________ Total Exercise Price: $___________________________________________ Type of Option: _______________________________________________ Expiration Date: _______________________________________________ Vesting Schedule: ___________________________________. ___________ Termination Period: _______________________________________ To the extent vested, this Option will be exercisable for three (3) months following the Termination of after Optionee ceases to be a Service of OptioneeProvider, unless termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months following the Termination of after Optionee ceases to be a Service of OptioneeProvider. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoing sentence, in no event may this Option be exercised following after any termination of the Termination of Service of Optionee as a Service Provider determined by the Company’s Board to be for Cause or after the Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Pacific Asia Petroleum Inc)

NOTICE OF STOCK OPTION GRANT. Optionee: ___________________________________ Address: ___________________________________ You have been granted an Option to purchase Common Stock of the Company (the “Option”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Vesting Commencement Date: ___________________________________ Exercise Price per Share: $___________________________________ Total Number of Shares Granted: ___________________________________ Total Exercise Price: $___________________________________ Type of Option: ___________________________________ Expiration Date: ___________________________________ Vesting Schedule: ___________________________________. To the extent vested, this Option will be exercisable for three (3) months following the Termination of after Optionee ceases to be a Service of OptioneeProvider, unless termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months following the Termination of after Optionee ceases to be a Service of OptioneeProvider. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoing sentence, in no event may this Option be exercised following after any termination of the Termination of Service of Optionee as a Service Provider determined by the Company’s Board to be for Cause or after the Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Pedevco Corp)

NOTICE OF STOCK OPTION GRANT. Optionee: ___________________________________ Address: ___________________________________ You have been granted an Option to purchase common stock (the “Common Stock Stock”) of the Company (the “Option” and the “Shares”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Vesting Commencement Date: ___________________________________ Exercise Price per Share: $___________________________________ Total Number of Shares Granted: ___________________________________ Total Exercise Price: $___________________________________ Type of Option: ___________________________________ Incentive ☐ OR Non-Qualified ☐ Expiration Date: ___________________________________ Vesting Schedule: ___________________________________, subject to the Optionee’s continued service to the Company. Notwithstanding the above, all of the unvested Options shall vest immediately upon Optionee’s death or Disability, termination of employment without cause or a termination of Optionee for good reason (each as defined and described in Optionee’s employment agreement), a Change in Control of the Company. To the extent vested, this Option will be exercisable for three (3) months following the Termination termination of Service service of Optionee, unless termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months months, and except in the event termination is due to Optionee’s death, in which case this Option will be exercisable for eighteen (18) months, in each case following the Termination termination of Service service of Optionee. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoing sentence, in no event may this Option be exercised following the Termination termination of Service service of Optionee as determined by the Company’s Board to be for Cause or after the Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Us Energy Corp)

NOTICE OF STOCK OPTION GRANT. OptioneeName: ___________________________________ Address: ___________________________________ You have The undersigned Optionee has been granted an Option to purchase Common Stock of the Company (the “Option”)Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Date of Grant Date: ___________________________________ Vesting Commencement Date: ___________Date ________________________ Exercise Price per Share: $___________Share ________________________ Total Number of Shares Granted: ___________Granted ________________________ Total Exercise Price: $___________Price ________________________ Type of Option: ________________________________ Incentive Stock Option ____ Nonstatutory Stock Option Expiration Date: ___________________________________ Vesting Schedule: ___________________________________. _ Termination Period: To the extent vested, this Option will shall be exercisable for three (3) months following the Termination of after Optionee ceases to be a Service of OptioneeProvider, unless termination is due to Optionee’s death or Disability, in which case this Option will shall be exercisable for twelve (12) months following the Termination of after Optionee ceases to be a Service of Optionee. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s deathProvider. Notwithstanding the foregoing sentence, in no event may this Option be exercised following the Termination of Service of Optionee as determined by the Company’s Board to be for Cause or after the Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: China Public Security (China Public Security Technology, Inc.)

NOTICE OF STOCK OPTION GRANT. Optionee: ___________________________________ Address: ___________________________________ You have been granted an Option to purchase Common Stock of the Company (the “Option”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Vesting Commencement Date: ___________________________________ Exercise Price per Share: $___________________________________ Total Number of Shares Granted: ___________________________________ Total Exercise Price: $___________________________________ Type of Option: ___________________________________ Incentive Stock Option (ISO) Expiration Date: ___________________________________ Vesting Schedule: ___________________________________1/4th of such Options vest on the first, second, third and fourth anniversaries of the Grant Date, subject to the terms hereof and the Plan. To the extent vested, this Option will be exercisable for three (3) months following the Termination of Service of Optionee, unless termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months following the Termination of Service of Optionee. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoing sentence, in no event may this Option be exercised following the Termination of Service of Optionee as determined by the Company’s Board to be for Cause or after the Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Trxade Group, Inc.)

AutoNDA by SimpleDocs

NOTICE OF STOCK OPTION GRANT. Optionee: _______________________________________________ Address: _______________________________________________ You have been granted an Option to purchase Common Stock of the Company (the “Option”)Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: _______________________________________________ Vesting Commencement Date: _____________________________________ Exercise Price per Share: $________________________________________ Total Number of Shares Granted: ___________________________________ Total Exercise Price: $___________________________________________ Type of Option: _______________________________________________ Expiration Date: _______________________________________________ Vesting Schedule: ___________________________________. ___________ Termination Period: _______________________________________ To the extent vested, this Option will be exercisable for three (3) months following the Termination of after Optionee ceases to be a Service of OptioneeProvider, unless termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months following the Termination of after Optionee ceases to be a Service of OptioneeProvider. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoing sentence, in no event may this Option be exercised following after any termination of the Termination of Service of Optionee as a Service Provider determined by the Company’s Board to be for Cause or after the Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Pedevco Corp)

NOTICE OF STOCK OPTION GRANT. Optionee: ___________________________________ Address: ___________________________________ You have been granted an Option to purchase common stock (the “Common Stock Stock”) of the Company (the “Option” and the “Shares”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Vesting Commencement Date: ___________________________________ Exercise Price per Share: $___________________________________ Total Number of Shares Granted: ___________________________________ Total Exercise Price: $___________________________________ Type of Option: ___________________________________ Incentive ☐ OR Non-Qualified ☐ Expiration Date: ___________________________________ Vesting Schedule: ___________________________________, subject to the Optionee’s continued service to the Company. Notwithstanding the above, all of the unvested Options shall vest immediately upon Optionee’s death or Disability. To the extent vested, this Option will be exercisable for three (3) months following the Termination termination of Service service of Optionee, unless termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months months, and except in the event termination is due to Optionee’s death, in which case this Option will be exercisable for eighteen (18) months, in each case following the Termination termination of Service service of Optionee. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoing sentence, in no event may this Option be exercised following the Termination termination of Service service of Optionee as determined by the Company’s Board to be for Cause or after the Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Kidpik Corp.)

NOTICE OF STOCK OPTION GRANT. Optionee: ___________________________________ Address: ___________________________________ You have been granted an Option to purchase common stock (the “Common Stock Stock”) of the Company (the “Option” and the “Shares”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Vesting Commencement Date: ___________________________________ Exercise Price per Share: $___________________________________ Total Number of Shares Granted: ___________________________________ Total Exercise Price: $___________________________________ Type of Option: ___________________________________ Incentive ☐ OR Non-Qualified ☐ Expiration Date: ___________________________________ Vesting Schedule: ___________________________________, subject to the Optionee’s continued service to the Company. Notwithstanding the above, all of the unvested Options shall vest immediately upon Optionee’s death or Disability, termination of employment without cause or a termination of Optionee for good reason (each as defined and described in Optionee’s employment agreement), a Change in Control of the Company. To the extent vested, this Option will be exercisable for three (3) months following the Termination termination of Service service of Optionee, unless termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months months, and except in the event termination id due to Optionee’s death, in which case this Option will be exercisable for eighteen (18) months, in each case following the Termination termination of Service service of Optionee. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoing sentence, in no event may this Option be exercised following the Termination termination of Service service of Optionee as determined by the Company’s Board to be for Cause or after the Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Kidpik Corp.)

NOTICE OF STOCK OPTION GRANT. Optionee: ___________________________________ Address: ___________________________________ You have been granted an Option to purchase common stock (the “Common Stock Stock”) of the Company (the “Option” and the “Shares”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Vesting Commencement Date: ___________________________________ Exercise Price per Share: $___________________________________ Total Number of Shares Granted: ___________________________________ Total Exercise Price: $___________________________________ Type of Option: ___________________________________ Incentive ☐ OR Non-Qualified ☐ Expiration Date: ___________________________________ Vesting Schedule: ___________________________________, subject to the Optionee’s continued service to the Company. Notwithstanding the above, all of the unvested Options shall vest immediately upon Optionee’s death or Disability. To the extent vested, this Option will be exercisable for three (3) months following the Termination termination of Service service of Optionee, unless termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months months, and except in the event termination is due to Optionee’s death, in which case this Option will be exercisable for eighteen (18) months, in each case following the Termination termination of Service service of Optionee. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoing sentence, in no event may this Option be exercised following the Termination termination of Service service of Optionee as determined by the Company’s Board to be for Cause or after the Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Plan.. 2022 Stock Option Agreement

Appears in 1 contract

Samples: Stock Option Agreement (Mangoceuticals, Inc.)

NOTICE OF STOCK OPTION GRANT. Optionee: ____________________________________________________ Address: _____________________________________________________ You have been granted an Option to purchase Common Stock of the Company (the “Option”)Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________________________ Vesting Commencement Date: _____________________________________ Exercise Price per Share: $________________________________________ Total Number of Shares Granted: ___________________________________ Total Exercise Price: $___________________________________________ Type of Option: _______________________________________________ Expiration Date: _______________________________________________ Vesting Schedule: ___________________________________. ___________ Termination Period: ____________________________________________ To the extent vested, this Option will be exercisable for three (3) months following the Termination of after Optionee ceases to be a Service of OptioneeProvider, unless termination is due to Optionee’s death or Disability, in which case this Option will be exercisable for twelve (12) months following the Termination of after Optionee ceases to be a Service of OptioneeProvider. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoing sentence, in no event may this Option be exercised following after any termination of the Termination of Service of Optionee as a Service Provider determined by the Company’s Board to be for Cause or after the Expiration Date as provided above and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Pedevco Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.