Subject of the Option Agreement Sample Clauses

Subject of the Option Agreement. 1.1 The Option Buyer shall have the right, but not the obligation, by giving notice to SSO within the Option Period as specified below, to execute the Gas Storage Agreement – the Inverse Storage between the Parties (“Gas Storage Agreement – the Inverse Storage”) at the terms and conditions set out in Schedule 1 (“Option”). In the event that the Option Buyer exercises its Option the Parties shall be obliged to conclude the Gas Storage Agreement– the Inverse Storage in the wording as attached in Schedule 1 hereto within ten (10) business days following the SSO’s receipt of the Option Notification. The Option Buyer is entitled to exercise its Option as a whole or partially. If the Option is exercised partially the parameters of the Inverse Storage Capacity set out in the par. 1.2 and 1.3 of the Gas Storage Agreement – the Inverse Storage shall be adjusted accordingly.
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Subject of the Option Agreement. 1.1 By this Option Agreement both Parties commit themselves to conclude a Gas Storage Agreement under the terms and conditions as stipulated in Annex I hereto and agreed in this Option Agreement (hereinafter as the “Gas Storage Agreement”) within the deadlines as specified below provided that the Option Customer exercises its right of Option. The subject of the future Gas Storage Agreement shall be an obligation of the SSO to deliver to the Option Customer the Firm Flexible Storage Capacity for one year starting on 1 April 2019 in the extent of the Working Volume in total quantity of [MISSING DATA TO BE INSERTED] MWh, a flat Injection Rate of [MISSING DATA TO BE INSERTED] MW, and a flat Withdrawal Rate of [MISSING DATA TO BE INSERTED] MW, for a price and subject to terms and conditions as agreed herein.
Sample 1
Subject of the Option Agreement. 1.1. In consideration of the Participant’s continuing employment with the Group, the SPV shall grant to the Participant the right to acquire the Shares as the Compensation under the SOP on the terms set out in this Option Agreement. The SPV agrees to transfer such Shares to the Participant in accordance with the procedure and subject to the conditions established by this Option Agreement. 1.2. The right to acquire Shares in the amount 54 230 (Fifty four thousand two hundred thirty) shall be granted to the Participant free of charge in parts provided that: CLS are observed by the Participant (for Parts 1-5 of the Compensation) and KPI set out in the present Option Agreement are achieved by the Company (for Part 5 of the Compensation). 2.
Sample 1

Related to Subject of the Option Agreement

  • 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 Agreement Each Option granted pursuant to this Section 9 shall be evidenced by a written stock option agreement, which shall be executed by the Non-employee Director and the Company.

  • Termination Agreement 8.01 Notwithstanding any other provision of this Agreement, WESTERN, at its sole option, may terminate either a Purchase Order or this Agreement at any time by giving fourteen (14) days written notice to CONSULTANT, whether or not a Purchase Order has been issued to CONSULTANT.

  • Stock Option Exercise Agreement To exercise this Option, Participant (or in the case of exercise after Participant’s death or incapacity, Participant’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in the form attached hereto as Exhibit A, or in such other form as may be approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth, inter alia, (i) Participant’s election to exercise the Option, (ii) the number of Shares being purchased, (iii) any restrictions imposed on the Shares and (iv) any representations, warranties and agreements regarding Participant’s investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than Participant exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option and such person shall be subject to all of the restrictions contained herein as if such person were the Participant.

  • Amendment to Purchase Agreement The Purchase Agreement is hereby amended as follows:

  • Grant Agreement) This represents the status at the time of signature of this Consortium Agreement.

  • EXECUTION OF SETTLEMENT AGREEMENT 37. This Settlement Agreement may be signed in one or more counterparts which together shall constitute a binding agreement.

  • Shareholders Agreement For so long as the ratio of the number of the Equity Securities owned by the Star Group on a fully diluted basis divided by the number of the Equity Securities owned by the Investor Group on a fully diluted basis is at least 0.6, the Guarantor may not take any of the actions set forth in schedule II of the Shareholders’ Agreement without the prior written approval of Star. For the purpose of this clause “on a fully diluted basis” means taking into account any shares issued or issuable under warrants, options and convertible instruments (or other equity equivalents).

  • Term of Grant Agreement The term of this Grant Agreement begins on the date this Grant Agreement is executed by the State, through final payment plus three (3) years unless otherwise terminated or amended as provided in this Grant Agreement. However, all work shall be completed in accordance with the Schedule as set forth in Exhibit C.

  • Termination of License Agreement This Agreement will terminate automatically in the event that the License Agreement is terminated, provided that prior to such termination of this Agreement becoming effective, the Parties shall cooperate to wind down the activities being conducted hereunder as set forth in Section 15.5(b).

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