Option Provisions Sample Clauses

Option Provisions. This Nonstatutory Stock Option Agreement is subject to the approval of the Corporation’s stockholders. Options granted hereunder are granted in consideration for the Optionee’s future services as President and/or Chief Executive Officer. No other office shall be eligible for Options under this plan. Notwithstanding the foregoing, this Nonstatutory Stock Option Agreement is not an employment contract and nothing in this option shall be deemed to create in any way whatsoever any obligation on Optionee’s part to continue in the employ of the Corporation, or of the Corporation to continue Optionee’s employment with the Corporation.

Option Provisions. The Option shall be granted under the DigitalThink 1996 Stock Option Plan (the "Stock Plan") and, except as expressly provided otherwise in this paragraph 4, shall be subject to the terms and conditions of the Stock Plan and form of option agreement; provided, however, that the Company's Board of Directors may, in its discretion, grant the Option outside of the Stock Plan, and any such Options shall include such other terms as the Board of Directors may specify that are not inconsistent with the terms hereof. The Option will expire on the first to occur of: (i) in the event the Executive's employment terminates by reason of the Executive's death or by the Company as a result of the Executive's Disability, twelve (12) months from the date of such termination; (ii) in the event the Executive terminates his employment for Good Reason, or in the event the Company terminates the Executive's employment other than for Cause, three (3) months from the date of such termination; (iii) in the event the Executive resigns (other than for Good Reason) or is terminated by the Company for Cause, three (3) months after the date of such resignation or termination; or (iv) ten (10) years from the date of grant of the Option.

Option Provisions. The Option shall be granted under the Stock ----------------- Option Plan and shall be subject to the terms and conditions (including vesting) of the Stock Option Plan and Employee's option agreement. The Stock Option Plan may be modified from time to time by the Company's Board of Directors. Notwithstanding the foregoing, the Company's Board of Directors may, in its discretion, grant the Option outside of the Stock Option Plan, and any such Options shall include such other terms as the Board of Directors may specify.

Option Provisions. Each Option shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. All Options shall be separately designated Incentive Stock Options or Nonstatutory Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased on exercise of each type of Option. The provisions of separate Options need not be identical, but each Option shall include (through incorporation of provisions hereof by reference in the Option or otherwise) the substance of each of the following provisions:

Option Provisions. Each Option shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The provisions of separate Options need not be identical, but each Option shall include (through incorporation of provisions hereof by reference in the Option or otherwise) the substance of each of the following provisions:

Option Provisions. The Stock Option will be granted under the 1993 Stock Option Plan (the "Stock Plan") and will be subject to the terms and conditions of the Stock Plan and form of option agreement.

Option Provisions. In the event Tenant exercises any of its Options pursuant to Paragraphs, 32.C. or 32.D.: (i) Landlord shall not be liable to Tenant in the event that Landlord does not deliver possession of an Expansion Space or Offered Space to Tenant due to a holding over by the prior tenant of such space in violation of the terms of such tenant's lease, provided that Landlord shall use its reasonable efforts to obtain possession of such space from such other tenant (and Tenant hereby agrees to join in any action brought for possession of such space upon Landlord's request and at Land▇▇▇▇'▇ ▇ole cost and expense) and the Lease obligations of Tenant for such space shall not be deemed to have commenced until Landlord shall have delivered possession of such space to Tenant. (ii) Unless otherwise specifically provided in this Paragraph 32, Tenant shall accept possession of such Expansion Space and Offered Space in broom clean, "as is" condition at the time of delivery of possession thereof. (iii) Tenant's Expense Share and Tena▇▇'▇ ▇ax Share as set forth in Paragraph 5 hereof shall be increased to reflect the addition of the Expansion Spaces and Offered Spaces to the Premises effective on the date of the commencement of the term of the Expansion Space or Option Space as provided herein with partial years reflected by an appropriate per diem proration adjustment. (iv) It shall be a condition of Tenant's right to exercise its Expansion Options and its rights under this Paragraph 32 that Tenant has not received a notice of default as to which any applicable cure periods have expired under any of the terms, covenants or conditions of this Lease at the time that it notifies Landlord of the exercise of any such options and that Tenant shall be diligently pursuing a cure as to any notice received. (v) Any space that is leased by Tenant pursuant to any portion of this Paragraph 32 shall automatically thereafter be subject to the extension options of Paragraph 32.B. and shall become a part of the Premises.

Option Provisions. Each option granted under the Plan shall be subject to the following terms and conditions: (a) The term of each option commences on the date it is granted and, unless sooner terminated as set forth herein, expires on the date ("Expiration Date") ten (10) years from the date of grant. If the optionee's service as a Non-Employee Director or employee of or consultant to the Company or any Affiliate terminates for any reason or for no reason, the option shall terminate on the earlier of the Expiration Date or the date three (3) months following the date of termination of all such service; PROVIDED, HOWEVER, that if such termination of service is due to the optionee's death or permanent and total disability (within the meaning of Section 422(c)(6) of the Code), the option shall terminate on the earlier of the Expiration Date or one (1) year following the date of the optionee's death or permanent and total disability. In any and all circumstances, an option may be exercised following termination of the optionee's service as a Non-Employee Director or employee of or consultant to the Company or any Affiliate only as to that number of shares as to which it was exercisable on the date of termination of all such service under the provisions of subparagraph 6(e). (b) The exercise price of each option shall be one hundred percent (100%) of the fair market value of the stock subject to such option on the date such option is granted. (c) Payment of the exercise price of each option is due in full in cash upon any exercise when the number of shares being purchased upon such exercise is less than 1,000 shares; but when the number of shares being purchased upon an exercise is 1,000 or more shares, the optionee may elect to make payment of the exercise price under one of the following alternatives: (i) Payment of the exercise price in cash at the time of exercise; or (ii) Provided that at the time of the exercise the Company's common stock is publicly traded and quoted regularly in the Wall Street Journal, payment by delivery of shares of common stock of the Company already owned by the optionee, held for the period required to avoid a charge to the Company's reported earnings, and owned free and clear of any liens, claims, encumbrances or security interests, which common stock shall be valued at its fair market value on the date preceding the date of exercise; or (iii) Payment by a combination of the methods of payment specified in subparagraphs 6(c)(i) and 6(c)(ii) above....

Option Provisions. 5.1 In the event LMS elects to exercise the option to purchase additional DSOX-15 Scrubbers as provided in Article 2.g. of this Agreement, in addition to the other provisions of this Agreement that apply to LMS' purchase of DSOX-15 Scrubbers, the following terms will apply: