Stock Purchase Option Sample Clauses

Stock Purchase Option. As further compensation you will be entitled to the following stock options:
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Stock Purchase Option. In addition to the Base Salary, DCI shall grant to employee a stock option to purchase 50,000 registered shares of DCI on the effective date of this Agreement and, thereafter to purchase 50,000 registered shares of DCI on each anniversary date of this Agreement (a total of 150,000 registered shares for the term of this Agreement and 50,000 registered shares in the option year if option is taken), in each case under the same terms and conditions contained in DCI's stock option plan which is hereby incorporated by reference in this Employment Agreement and at a price equal to the price per share prevailing on the date of execution of the Stock Purchase Agreement, in the case of the option granted on the effective date of this Agreement and, in the case of each subsequent option granted on each anniversary date of this Agreement at the then existing market price. Options granted pursuant to this section shall vest on the first anniversary of the date such options are granted and shall be exercisable for a period of five years after the date of grant.
Stock Purchase Option. The Company acknowledges that the Executive has agreed to devote substantially all of his business time and effort to the Company during the entire Extended Term of this Agreement. In recognition of the opportunity costs associated with such actions the Executive is hereby granted an option to purchase 265,000 shares of the Company's common stock at an exercise price of $1.50 per share. 27,000 options shall vest upon execution of this contract and, beginning in June; seven thousand (7,000) options will vest monthly through the remaining 34 months of this contract. If the Executive's employment is terminated by the Company without cause (as defined in Section 8) or terminated by the Executive for good reason (as defined in Section 8), all unvested options shall immediately vest and become exercisable. In all other cases, all unvested options shall immediately terminate. Furthermore, all unvested options shall vest in the Executive immediately prior to the consummation of (i) any merger, consolidation or similar business combination transaction where the Company is not the surviving entity, (ii) any sale of all or substantially all of the Company's assets where the proceeds are intended for distribution to the stockholders, (iii) any change in control whereby one group, or a number of groups acting in concert, obtains more than 50% of the Company's outstanding, or outstanding and issuable equity instruments. Notwithstanding the generality of the foregoing, rights represented by vested options shall not be affected by the termination of the Executive's employment because of the disability or death of the Executive. From and after the vesting dates, the vested options may be exercised at any time or from time to time, in whole or in part, for a period of five (5) years. The Option Agreement attached hereto as "Exhibit B" shall be executed concurrently with this Agreement. Executive specifically acknowledges that all options in paragraphs 6 are fully restricted from resale under federal and state securities laws and regulations. Such restrictions from resale remain even after the vesting of such options, and all such options (including shares received upon option exercise) shall bear appropriate legends prohibiting resale, which shall not be removed upon vesting. The Company shall have no obligation to register such shares and options, which will remain unregistered in perpetuity, and the Company has no obligation to assist employee in finding exemptions from r...
Stock Purchase Option. The corporation hereby grants the employee the option, for five years to purchase One Hundred Thousand (100,000) shares of stock at one dollar and fifty cents per share. The rights granted under this option vest after one year following the effective date of this contract and are subject to the terms and conditions of the Stock Purchase Option Agreement.
Stock Purchase Option. In consideration of Abrika’s entering into this Agreement and funding of the development of the TDF patch, Corium and Abrika shall enter into a Stock Purchase Agreement pursuant to which Corium shall grant to Abrika, for [*] and other good and valuable consideration, a number of shares of Corium’s Common Stock (the “Shares”), which number shall be equal, at the time of grant, to [*] of the issued and outstanding Common Stock of Corium, and which Shares shall be subject to customary anti-dilution protection. The Stock Purchase Agreement shall provide for Abrika to receive the Shares at least [*] prior to the earliest of: (i) [*], or (ii) [*], or (iii) [*].
Stock Purchase Option. (a) The Executive has previously been granted certain options to purchase shares of common stock of the general partner of the Company, Prodigy Communications Corporation (hereinafter "General Partner") pursuant to the terms and conditions set forth in the employee stock purchase plan in effect on the date of the grant thereof. Except as expressly stated herein, such options shall continue to be governed by the terms and conditions under which they were originally granted.
Stock Purchase Option. 7.1 UPC hereby grants and issues to the Shareholder and the Escrow Agent (to the extent it holds Company Shares for the contingent benefit of the Shareholder) an option (the "UPC STOCK PURCHASE OPTION") to purchase UPC ordinary shares ("UPC SHARES") upon the terms and conditions set forth in this Article 7. If the IPO is not consummated on or prior to October 1, 2001, (the "OPTION TRIGGER DATE"), the Shareholders Representative shall be entitled to exercise and exchange the UPC Stock Purchase Option in whole, but not in part, on behalf of all the Shareholders and the Escrow Agent, for such number of UPC Shares as is determined pursuant to Article 7.2, by delivering to UPC an exercise notice (the "EXERCISE NOTICE"), substantially in the form of Exhibit E hereto, together with all Aggregate Company Shares and all of the options, unit options and warrants relating to the Aggregate Company Shares then owned by such Shareholders or any owner who would be obligated to become a Shareholder upon exercise of their warrant, unit option or options (which shares and rights shall constitute the exchange exercise price). The Exercise Notice must be received by UPC on October 30, 2001 (the "OPTION EXPIRATION DATE") at 17:00 hrs EST. UPC may elect to treat its acquisition of Aggregate Company Shares and options, unit options and warrants relating to Aggregate Company Shares pursuant to this Article 7 as arising from a contribution to UPC's equity in exchange for UPC shares, or UPC's purchase of Aggregate Company Shares, as the case may be. Notwithstanding anything to the contrary in this Article 7, UPC shall have the option to permit the UPC Stock Purchase Option to be exercised in part, subject to applicable law, with such partial exercise being entirely in the discretion of UPC after consultation with the Shareholders Representative with respect to which Shareholders and what portion of Aggregate Company Shares will be exercised.
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Stock Purchase Option a) The Company acknowledges that the Employee has agreed to devote substantially all of his business time and effort to the Company during the entire Extended Term of this Agreement. In recognition of the opportunity costs associated with such actions the Employee is hereby granted an option to purchase 150,000 shares of the Company's common stock at an exercise price of $1.50 per share. 15,020 options shall vest upon execution of this contract and, starting the end of the third month, 3,970 options will vest monthly through the remaining 34 months of this contract. If the Employee's employment is terminated by the Company without cause (as defined in Section 7) or terminated by the Employee for good reason (as defined in Section 7), all unvested options shall immediately vest and become exercisable. In all other cases, all unvested options shall immediately terminate.
Stock Purchase Option. In consideration of Abrika’s entering into this Agreement and funding of the development of the TDF patch, Corium and Abrika shall enter into a Stock Purchase Agreement pursuant to which Corium shall grant to Abrika, for [*] and other good and valuable consideration, a number of shares of Corium’s Common Stock (the “Shares”), which number shall be equal, at the time of grant, to [*] of the issued and outstanding Common Stock of Corium, and which Shares shall be subject to customary anti-dilution protection. The Stock Purchase Agreement shall provide for Abrika to receive the Shares at least [*] prior to the earliest of: (i) any initial public offering of the Common Stock of Corium, or (ii) any sale of all, or substantially all, of the assets or Common Stock of Corium, or (iii) any merger, consolidation or other reorganization which results in a change in control of Corium or in which Corium is not the surviving entity.
Stock Purchase Option. Employee may be entitled to earn options to purchase stock of the Company (the "Options") under the following terms and conditions:
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