Terms and Conditions of Options. The Options evidenced hereby are subject to the following terms and conditions:
Terms and Conditions of Options. The Options evidenced by this Agreement are subject to the following terms and conditions:
Terms and Conditions of Options. Each Option granted pursuant to the Plan shall be evidenced by a written agreement between the Company and the Grantee or a written notice delivered by the Company and accepted by the Grantee (the “Option Agreement”), in such form and containing such terms and conditions as the Committee shall from time to time approve, which Option Agreement shall comply with and be subject to the following terms and conditions, unless otherwise specifically provided in such Option Agreement or the terms referred to in Sections 9 and 10 below. For purposes of interpreting this Section 6, a director's service as a member of the Board or the services of an officer, as the case may be, shall be deemed to be employment with the Company or its Subsidiary or Affiliate.
Terms and Conditions of Options. Options granted under the Plan shall include expressly or by reference the following terms and conditions, as well as such other terms and conditions as the Committee shall deem desirable:
Terms and Conditions of Options. 10 (a) Stock Option Award Agreement 10 (b) Number of Shares 10 (c) Exercise Price 10 (d) Withholding Taxes 10 (e) Exercisability and Term 10 NIKOLA CORPORATION 2020 STOCK INCENTIVE PLAN (f) Exercise of Options 11 (g) Effect of Change in Control 11 (h) No Rights as a Stockholder 11 (i) Modification, Extension and Renewal of Options 11 (j) Restrictions on Transfer of Shares 11 SECTION 8. PAYMENT FOR SHARES 12 (a) General Rule 12 (b) Surrender of Stock 12 (c) Services Rendered 12 (d) Cashless Exercise 12 (e) Exercise/Pledge 12 (f) Net Exercise 12 (g) Promissory Note 12 (h) Other Forms of Payment 13 (i) Limitations under Applicable Law 13 SECTION 9. STOCK APPRECIATION RIGHTS 13 (a) SAR Award Agreement 13 (b) Number of Shares 13 (c) Exercise Price 13 (d) Exercisability and Term 13 (e) Effect of Change in Control 13 (f) Exercise of SARs 14 (g) Modification, Extension or Assumption of SARs 14 SECTION 10. STOCK UNITS 14 (a) Stock Unit Award Agreement 14 (b) Payment for Awards 14 (c) Vesting Conditions 14 (d) Xxxxxx and Dividend Rights 14 (e) Form and Time of Settlement of Stock Units 15 (f) Death of Participant 15 (g) Creditors’ Rights 15 NIKOLA CORPORATION 2020 STOCK INCENTIVE PLAN iii SECTION 11. CASH-BASED AWARDS 15 SECTION 12. ADJUSTMENT OF SHARES 16 (a) Adjustments 16 (b) Dissolution or Liquidation 16 (c) Reorganizations 16 (d) Reservation of Rights 17 SECTION 13. DEFERRAL OF AWARDS 17 (a) Committee Powers 17 (b) General Rules 18 SECTION 14. AWARDS UNDER OTHER PLANS 18 SECTION 15. PAYMENT OF DIRECTOR’S FEES IN SECURITIES 18 (a) Effective Date 18 (b) Elections to Receive NSOs, SARs, Restricted Shares or Stock Units 18 (c) Number and Terms of NSOs, SARs, Restricted Shares or Stock Units 18 SECTION 16. LEGAL AND REGULATORY REQUIREMENTS 18 SECTION 17. TAXES 19 (a) Withholding Taxes 19 (b) Share Withholding 19 (c) Section 409A 19 SECTION 18. TRANSFERABILITY 19 SECTION 19. PERFORMANCE BASED AWARDS 19 SECTION 20. RECOUPMENT 20 SECTION 21. NO EMPLOYMENT RIGHTS 20 SECTION 22. DURATION AND AMENDMENTS 20 (a) Term of the Plan 20 (b) Right to Amend the Plan 20 (c) Effect of Termination 20 SECTION 23. AWARDS TO NON-U.S. PARTICIPANTS 20 NIKOLA CORPORATION 2020 STOCK INCENTIVE PLAN iv SECTION 24. GOVERNING LAW 21 SECTION 25. SUCCESSORS AND ASSIGNS 21 SECTION 26. EXECUTION 21 NIKOLA CORPORATION 2020 STOCK INCENTIVE PLAN NIKOLA CORPORATION 2020 STOCK INCENTIVE PLAN
Terms and Conditions of Options. Options granted under the Plan shall be non‑qualified options for federal income tax purposes, and shall be subject to the foregoing and the following terms and conditions and to such other terms and conditions, not inconsistent therewith, as the Administrator shall determine:
Terms and Conditions of Options. 10 (a) Stock Option Award Agreement 10 (b) Number of Shares 10 COURSERA, INC. 2021 STOCK INCENTIVE PLAN
Terms and Conditions of Options. Each Option granted pursuant to the Plan shall be evidenced by a written agreement between the Company and the Grantee or a written notice delivered by the Company and accepted by the Grantee (the “Option Agreement”), in such form and containing such terms and conditions as the Committee shall from time to time approve, which Option Agreement shall comply with and be subject to the following terms and conditions, unless otherwise specifically provided in such Option Agreement or the terms referred to in Sections 9 and 10 below.
Terms and Conditions of Options. Options shall be evidenced by Option Agreements specifying the number of shares of Stock covered thereby, in such form as the Board shall from time to time establish. No Option or purported Option shall be a valid and binding obligation of the Company unless evidenced by a fully executed Option Agreement. Option Agreements may incorporate all or any of the terms of the Plan by reference and shall comply with and be subject to the following terms and conditions:
Terms and Conditions of Options. Each Option shall be set forth in an Option Agreement duly executed by the Company and, to the extent required by law or requested by the Company, by the Participant. The Administrator may provide that Options be granted subject to such terms and conditions, consistent with the terms and conditions specifically required under this Plan, as the Administrator may deem appropriate including, without limitation, subsequent approval by the shareholders of the Company of this Plan or any amendments thereto. The Option Agreements shall be subject to at least the following terms and conditions:
