OPTION CONTRACT Clause Samples

An Option Contract is a legal agreement that grants one party the exclusive right, but not the obligation, to buy or sell a specific asset at a predetermined price within a set timeframe. In practice, this clause outlines the terms under which the option can be exercised, such as the duration of the option period, the exercise price, and any conditions that must be met before the option can be activated. The core function of an Option Contract is to provide flexibility and certainty to the parties by locking in terms for a potential future transaction, thereby managing risk and allowing for strategic planning.
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OPTION CONTRACT. The Customer may offer to buy a foreign exchange option (for the purpose of hedging the risk of movement in the value of a currency for commercial and not for speculation or investment purposes) by placing an Order with Custom House Global Foreign Exchange which may be accepted by Custom House Global Foreign Exchange in accordance with Article 3.8 below (the ―Option Contract‖). “Option Contract” also includes any one of the following products of Custom House Global Foreign Exchange: a Direct Put or Call Option, a Range (Border) Option, an Enhanced Range Option, a Convertible Option, a Forward Extra (Participating) Option, an Enhanced Forward Extra Option, a Bonus (Advantage) Option, a Deferred Premium Option, a Custom Forward Option, a Target Option and a Custom Range Option as described in the Options Product Disclosure Statement.
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OPTION CONTRACT. The Customer may offer to buy a foreign exchange option (for the purpose of hedging the risk of movement in the value of a currency for commercial and not for speculation or investment purposes) by placing an Order with Custom House Global Foreign Exchange which may be accepted by Custom House Global Foreign Exchange in accordance with Article 3.8 below (the ―Option Contract‖). “Option Contract” also includes any one of the following products of Custom House Global Foreign Exchange: a Direct Put or Call Option, a Range (Border) Option, an Enhanced Range Option, a Convertible Option, a Forward Extra (Participating) Option,a Bonus (Advantage) Option, a Deferred Premium Option, a Custom Forward Option, a Target Option and a Custom Range Option as described in the Options Product Disclosure Statement.
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OPTION CONTRACT. The Contract For An Option between the Commission and Edison, dated October 14, 1965, a copy of which is attached hereto as Exhibit 1, as such Contract For An Option may be amended from time to time.
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OPTION CONTRACT. THIS OPTION CONTRACT (this "Agreement") dated the ______ day of ____________, 19___ by and between BUFFALO ENTERPRISE DEVELOPMENT CORPORATION, a not-for-profit local development corporation organized under the laws of the State of New York, having its principal office and place of business at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ("Seller") and AGRO POWER DEVELOPMENT, INC., a New Jersey corporation, having an office at ▇▇ ▇▇▇▇▇ ▇▇▇▇▇, East Brunswick, New Jersey 08816 ("Purchaser").
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Related to OPTION CONTRACT

  • Option (a) In order to induce Parent and Purchaser to enter into the Merger Agreement, Stockholder hereby grants to Purchaser an irrevocable option (a "SECURITIES OPTION") to purchase the Securities (the "OPTION SECURITIES") at the Offer Price, subject to increase as set forth below (the "PURCHASE PRICE"). The Securities Option may be exercised, in whole but not in part, by written notice to Stockholder (as set forth below), for a period of ten (10) business days (the "10 DAY PERIOD") following termination of the Merger Agreement or termination of the Offer, whichever shall first occur; PROVIDED that, prior to such termination, either (i) a Trigger Event shall have occurred or (ii) (A) the Company shall have received a written proposal from any person other than Parent, Purchaser or any affiliate of Parent or Purchaser for an Acquisition Transaction, which proposal shall not have expired or been withdrawn, (B) the Merger Agreement shall have been terminated by Parent pursuant to Section 8.01(b), 8.01(d)(ii), 8.01(f) or 8.01(g) and (C) at the time of such termination the Minimum Condition shall not have been satisfied. Notwithstanding the foregoing, the Securities Option may not be exercised until: (i) all waiting periods under the ▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Antitrust Improvements Act of 1976, as amended (the "HSR ACT"), required for the purchase of the Securities upon such exercise shall have expired or been waived and any other conditions under the other Antitrust Laws shall have been satisfied and (ii) there shall not be in effect any preliminary injunction or other order issued by any Governmental Entity prohibiting the exercise of the Securities Option pursuant to this Agreement; provided that if (i) all HSR Act waiting periods shall not have expired or been terminated or (ii) there shall be in effect any such injunction or order, in each case on the expiration of the 10 Day Period, the 10 Day Period shall be extended until five (5) business days after the later of (A) the date of expiration or termination of all HSR Act waiting periods, and (B) the date of removal or lifting of such injunction or order. (b) In the event that Purchaser wishes to exercise the Securities Option, Purchaser shall send a written notice (the "NOTICE") to Stockholder identifying the date (not less than two (2) nor more than five (5) business days from the date of the Notice) for the closing of such purchase, which closing shall be held at the executive offices of the Company (or such other place as the parties may agree). At the closing, Stockholder shall deliver to Purchaser appropriate and effective instruments of transfer of the Option Securities, against payment to Stockholder of the Purchase Price, in same day funds, by wire transfer to such account as Stockholder shall designate. (c) In the event the Option Securities are acquired by Purchaser pursuant to the exercise of the Securities Option (the "ACQUIRED SECURITIES") and, either before or at any time within the one-year period following such acquisition, Parent, Purchaser or any affiliate of Parent or Purchaser shall acquire Common Stock (other than from the Company) at a price in excess of the Purchase Price, then the Purchase Price hereunder shall be increased to such higher price. If the purchase of the Acquired Securities has been completed at the time of such increase, Stockholder shall be entitled to receive, and Purchaser shall promptly (and in no event more than 48 hours following such increase) pay to Stockholder, by wire transfer of same day funds to such account as Stockholder shall designate, the amount of the increase. (d) In the event the Option Securities are acquired by Purchaser pursuant to the exercise of the Securities Option, Stockholder shall be entitled to receive, and Purchaser shall promptly (and in no event more than 48 hours following such Sale) pay to Stockholder, upon any subsequent disposition, transfer or sale to an unaffiliated third party ("SALE") of all or any portion of the Acquired Securities within the one-year period following such acquisition, an amount per share in cash equal to the excess, if any, of the net proceeds received per share in the Sale over the Purchase Price. Any such payment shall be made by wire transfer of same day funds to such account as Stockholder shall designate.

  • Stock Option Agreement Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. Options may be granted in consideration of a reduction in the Optionee’s other compensation.

  • OPTION NOT A SERVICE CONTRACT Your option is not an employment or service contract, and nothing in your option shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or an Affiliate, or of the Company or an Affiliate to continue your employment. In addition, nothing in your option shall obligate the Company or an Affiliate, their respective stockholders, Boards of Directors, Officers or Employees to continue any relationship that you might have as a Director or Consultant for the Company or an Affiliate.

  • Construction Contract If federal funds are included as part of the financing of the non-OPWC portion of the Project, federal law may prevail, including, but not limited to, application of ▇▇▇▇▇ ▇▇▇▇▇ prevailing wage rates, the ▇▇▇▇▇▇▇▇ “Anti-Kickback” Act, the Contract Work Hours and Safety Standards Act, and any federal environmental regulations. Recipient is solely responsible for ensuring compliance with federal requirements applicable to its Local Subdivision Contribution. Notwithstanding the above, the following provisions apply to construction contracts under this Agreement:

  • Prime Contract This Subcontract is made in order to assist the Investment Manager in fulfilling certain of the Investment Manager’s obligations under each investment management and investment advisory agreement (“IM Agreement”) between the Investment Manager and each Trust listed on Exhibit A hereto (the “Trust”), for itself or on behalf of each of its series listed on Exhibit A (each, a “Fund”).