Termination of Stock Option Agreement Sample Clauses

Termination of Stock Option Agreement. Parent and the Company hereby agree that the Option Agreement (as defined in the Merger Agreement) is hereby terminated and revoked in all respects.
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Termination of Stock Option Agreement. The Stock Option Agreement is hereby terminated and is of no further force or effect.
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Termination of Stock Option Agreement. The parties hereto agree that the Stock Option Agreement shall be terminated as of the Termination Date.
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Termination of Stock Option Agreement dated May 21, 1999 between Provident Indemnity Life Insurance Company, Provident American Corporation, and XxxxxxXxxx.xxx, Inc. Copy supplied to Buyer.
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Termination of Stock Option Agreement. Subject to and effective upon Lifeline's receipt of the payment provided for in Section 3 hereof, the Stock Option Agreement is hereby terminated pursuant to Section 18(ii) of the Stock Option.
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Termination of Stock Option Agreement. The Company and the Manager hereby terminate the Stock Option Agreement dated as of December 1, 2013 (the “Option Agreement”), between the Company and the Manager, with all exercisable stock options thereunder terminated as of the Termination Effective Date, such options having no value as the exercise price is $5.00 per share and Section 3(a)(iv) of the Option Agreement requiring that the options expire upon the expiration of the Term of the Management Agreement.
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Termination of Stock Option Agreement. In consideration of the payment set forth in this Section l(b), upon the Effective Date, all rights and obligations of Colony RIH and the Executive under and pursuant to the Option Agreement, and, as incorporated by reference in the Option Agreement, the Stockholders Agreement (as defined in the Option Agreement) shall terminate and be cancelled in their entirety without liability of any party thereunder. For the avoidance of doubt, on the Effective Date, Executive shall surrender and relinquish all right, title and interest in and to all options to purchase shares of Class A Common Stock and Class B Common Stock, as defined in the Option Agreement and deliver to Colony RIH for cancellation the original Option Agreement. In consideration of the termination of the Option Agreement and the surrender of all options by Executive, Colony RIH shall pay to Executive the sum of Three Hundred Fifty Thousand ($350,000) Dollars in a single lump-sum payment on the Effective Date.
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Related to Termination of Stock 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.

  • Grant of Stock Option The Company hereby grants the Employee the Option to purchase all or any part of an aggregate of 50,000 shares of Common Stock (the "Option Shares") on the terms and conditions set forth herein and subject to the provisions of the Plan.

  • Exercise of Stock Option (a) The Optionee may exercise this Option only in the following manner: from time to time on or prior to the Expiration Date of this Option, the Optionee may give written notice to the Board of Directors or its authorized committee (the “Administrator”) of his or her election to purchase some or all of the vested Option Shares purchasable at the time of such notice. This notice shall specify the number of Option Shares to be purchased. Payment of the Stock Option purchase price for the Option Shares may be made by one or more of the following methods: (i) in cash, by certified or bank check or other instrument acceptable to the Administrator; (ii) in the form of shares of Stock that are not then subject to restrictions under any Company plan and that have been held by the Optionee for at least six months prior to the exercise date; or (iii) by the Optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Administrator to pay the Stock Option purchase price, provided that in the event the Optionee chooses to pay the Stock Option purchase price as so provided in this subsection (iii), the Optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure. Payment instruments will be received subject to collection. The delivery of certificates representing the Option Shares will be contingent upon the Company’s receipt from the Optionee of full payment for the Option Shares, as set forth above and any agreement, statement or other evidence that the Administrator may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise of Options under the Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and regulations.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • NOTICE OF STOCK OPTION GRANT Name: Address: You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Vesting Commencement Date Exercise Price per Share $ Total Number of Shares Granted Total Exercise Price $ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date:

  • Termination of Option (a) Any unexercised portion of the Option shall automatically and without notice terminate and become null and void at the time of the earliest to occur of:

  • Exercise of Stock Options If stock options granted in connection with a Stock Incentive Plan are exercised:

  • Treatment of Stock Options 6 ARTICLE III.

  • 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.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

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