TERMS OF NEW OPTIONS Sample Clauses

TERMS OF NEW OPTIONS. We will enter into a new option agreement with each optionholder who elects to surrender options in this offer and which we have elected to exchange. The terms and conditions of the new options may vary from the terms and conditions of the options surrendered for exchange. Because we will not grant new options until at least six months plus one day after the date we cancel the options accepted for exchange, the new options may have a higher exercise price than some or all of the surrendered options, including as a result of a significant corporate event. The issuance of new options under this offer will not create any contractual or other right of the recipients to receive any future grants of stock options or benefits in lieu of stock options. The following descriptions of the Amended and Restated 1997 Stock Incentive Plan and the form of the new option agreements are summaries and are not complete. Complete information about the option plan and the new options is included in the option plan and the form of the new option agreement to be entered into between you and us. The Amended and Restated 1997 Stock Incentive Plan and the form of the new incentive stock option agreement and nonqualified stock option agreement are on file with the SEC as exhibits to the Schedule TO which was filed in connection with this offer. Please contact Xxxxxxxxx Xxxxxx or Xxxx Xxxxxx to request copies of the Amended and Restated 1997 Stock Incentive Plan and the form of the new option agreements. We will provide copies promptly and at our expense.
Sample 1Sample 2
AutoNDA by SimpleDocs
TERMS OF NEW OPTIONS. All New Options will be issued under either the 1997 Plan. For each New Option granted, XXX and the option holder will enter into a new stock option agreement. The terms and conditions of the New Options will vary from the terms and conditions of the options tendered for exchange in terms of the number of shares underlying such options to the extent that a canceled option was partially exercised prior to tender, the exercise price of such options and the termination date of such options. The following description of the New Options to be granted under the 1997 Plan is a summary of the material terms of the New Options. IMPORTANT NOTE: THE DESCRIPTION BELOW OF THE NEW OPTIONS IS MERELY A SUMMARY AND DOES NOT PURPORT TO BE COMPLETE. THE DESCRIPTION IS SUBJECT TO, AND QUALIFIED IN ITS ENTIRETY BY REFERENCE TO, ALL PROVISIONS OF THE 1997 PLAN AND THE FORMS OF STOCK OPTION AGREEMENT UNDER THE 1997 PLAN. THE COMPLETE 1997 PLAN DOCUMENTS, AS MOST RECENTLY AMENDED, THE FORMS OF STOCK OPTION AGREEMENT UNDER THE 1997 PLAN AND THE PROSPECTUSES FOR THE 1997 PLAN MAY BE OBTAINED BY CONTACTING XXXX XXXX, SEC REPORTING MANAGER, AT XXX, INC., 0000 XXXXXXXXXX XXXXX, XXXXXXX, XXXXXXXXXX 00000, TELEPHONE (000) 000-0000, EXTENSION 208, OR EMAIL AT XXXX.XXXX@XXX.XXX. WE WILL PROMPTLY FURNISH YOU COPIES OF THESE DOCUMENTS AT OUR EXPENSE.
Sample 1Sample 2
TERMS OF NEW OPTIONS. The new options will be granted under either the 1996 Plan or the 1996 Supplemental Plan, depending upon the plan pursuant to which your old options were issued. For every new option granted, a new option agreement will be entered into between Pinnacle and each option holder who has tendered options in the offer. The terms and conditions of the new options may vary from the terms and conditions of the options tendered for exchange, but generally will not substantially and adversely affect the rights of option holders. However, you should note that new options will only be incentive stock options to the extent they qualify under the Internal Revenue Code of 1986, as amended. For options to qualify as incentive stock options, the value of shares subject to options that first become exercisable by the option holder in any calendar year cannot exceed $100,000, as determined using the option exercise price. It is possible that by participating in this exchange, your options will exceed this limit and will be treated as nonstatutory stock options. Nonstatutory stock options receive tax treatment which is generally less favorable than the treatment received by incentive stock options. Please read "U.S. Federal Income Tax Consequences" later in this Section, as well as Sections 14 through 18 of this Offer to Exchange for a discussion of the potential tax consequences for tax residents of the United States, France, Germany, Japan and the United Kingdom. If you are living or working in the United States, but are also subject to the tax laws in another country, you should be aware that there may be other tax and social insurance consequences which may apply to you; you should be certain to consult your own advisors to discuss these consequences. In addition, you should note that because we will not grant new options until at least six (6) months and one (1) day after the date we cancel the options accepted for exchange, the new options may have a higher exercise price than some or all of the options tendered for exchange. The following description summarizes the material terms of each of the 1996 Plan, the 1996 Supplemental Plan and the options granted under each plan. 1996 Stock Plan. --------------- The maximum number of shares available for issuance through the exercise of options granted under our 1996 Plan is 5,740,000 shares. Our 1996 Plan permits the granting of options intended to qualify as incentive stock options under the Internal Revenue Code and options ...
Sample 1Sample 2
TERMS OF NEW OPTIONS. The new options will be granted under either our 1998 Stock Plan or our 1999 Nonstatutory Stock Option Plan (together the "Plans"), as determined by our Board of Directors in their sole discretion. A new option agreement will be entered into between Tut and each option holder who has tendered options in the offer for every new option granted. The terms and conditions of the new options may vary from the terms and conditions of the options tendered for exchange, but generally will not substantially and adversely affect the rights of option holders. Because we will not grant new options until at least six months and two days after the date we cancel the options accepted for exchange, the new options may have a higher exercise price than some or all of the options, including as a result of a significant corporate event. The following description summarizes the material terms of our 1998 Stock Plan and the 1999 Nonstatutory Stock Option Plan and the options granted under each of the Plans.
Sample 1
TERMS OF NEW OPTIONS. 4.2 Each Unilife Corporation Option issued pursuant to this Option Scheme will be issued on the terms set out in Annexure A. Fractional entitlements
Sample 1
TERMS OF NEW OPTIONS. The new options will be granted under our 1996 Stock Plan. A new option agreement will be entered into between PCD and each option holder who has tendered options in the Offer for every new option granted. The terms and conditions of the new options may vary from the terms and conditions of the options tendered for exchange, but generally this will not substantially and adversely affect the rights of option holders. Because we will not grant new options until at least six months and one day after the date we cancel the options accepted for exchange, the new options may have a higher exercise price than some or all of the options, including as a result of a significant corporate event. The following description summarizes the material terms of our 1996 Stock Plan and the options to be granted under the 1996 Stock Plan: 1996 Stock Plan. The maximum number of shares available for issuance through the exercise of options granted under our 1996 Stock Plan is 324,000. Our 1996 Stock Plan permits the granting of options intended to qualify as incentive stock options under the Internal Revenue Code and options that do not qualify as incentive stock options, referred to as nonqualified stock options.
Sample 1
TERMS OF NEW OPTIONS. We will enter into a new option agreement with each employee who surrenders options in this offer that we have accepted for exchange. The terms and conditions of the new options may vary from the terms and conditions of the options surrendered for exchange. Because we will not grant new options until the first business day that is at least six months plus one day after the expiration date of this offer and the new options will have an exercise price equal to The Nasdaq National Market closing price on that date, we cannot know now what that price may be. The new options may have a higher exercise price than some or all of the surrendered options or they may have a lower price. By surrendering your old options, you accept the risk that your new exercise price may be higher than your old exercise price. The issuance of new options under this offer will not create any contractual or other right of the recipients to receive any future grants of stock options or benefits in lieu of stock options. The following descriptions of the 1998 Restatement Plan and the Non-Officer Plan and the form of the new option agreements are summaries and are not complete. Complete information about the plans and the new options is included in the plans and the form of the new option agreement to be entered into between you and us. Each of the plans and the form of the new nonqualified stock option agreement are on file with the SEC as exhibits to the Schedule TO that was filed in connection with this offer. You can view the plans on the AST StockPlan website, or you can contact Michele Linehan to request copies of the plans and the form of the xxx xxxxxx xxxxements. We will provide copies promptly and at our expense.
Sample 1
AutoNDA by SimpleDocs
TERMS OF NEW OPTIONS. ... 28 Status of options acquired by us in the offer; accounting consequences of the offer. ............................ 34
Sample 1

Related to TERMS OF NEW OPTIONS

  • Additional Terms and Conditions of Award (a) Non-

  • Miscellaneous Terms and Conditions (a) Each party understands and agrees that Executive or it assumes all risk that the facts or law may be, or become, different than the facts or law as believed by the party at the time Executive or it executes this Agreement. Executive and the Company acknowledge that their relationship precludes any affirmative obligation of disclosure, and expressly disclaim all reliance upon information supplied or concealed by the adverse party or its counsel in connection with the negotiation and/or execution of this Agreement.

  • ADDITIONAL TERMS AND CONDITIONS This Annex A to the Second Amended and Restated Servicing Agreement, dated October 31, 2021 (the “Agreement”), among Xxxxx Bank and Xxxxx Trust Company, as Sellers, the Bank Assets Purchaser and, upon execution of the Joinder Agreement, the Delaware Trust Assets Purchaser, as Purchasers, and Guarantor (solely for purposes of Section 9.5 of the Agreement), is incorporated into and deemed part of the Agreement in all respects.

  • Other Definitional Provisions; Construction Whenever the context so requires, the neuter gender includes the masculine and feminine, the single number includes the plural, and vice versa. The words “hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and references to Article, Section, Subsection, Annex, Schedule, Exhibit and like references are references to this Agreement unless otherwise specified. Wherever the word “include,” “includes” or “including” is used in this Agreement, it will be deemed to be followed by the words “without limitation.” An Event of Default shall “continue” or be “continuing” until such Event of Default has been waived in accordance with Section 13.3 hereof. References in this Agreement to any party shall include such party’s successors and permitted assigns. References to any “Section” shall be a reference to such Section of this Agreement unless otherwise stated. To the extent any of the provisions of the other Loan Documents are inconsistent with the terms of this Agreement, the provisions of this Agreement shall govern.

  • Covenants and Conditions; Construction of Agreement All provisions of this Lease to be observed or performed by Lessee are both covenants and conditions. In construing this Lease, all headings and titles are for the convenience of the Parties only and shall not be considered a part of this Lease. Whenever required by the context, the singular shall include the plural and vice versa. This Lease shall not be construed as if prepared by one of the Parties, but rather according to its fair meaning as a whole, as if both Parties had prepared it.

  • Other Definitional Provisions and Rules of Construction A. Any of the terms defined herein may, unless the context otherwise requires, be used in the singular or the plural, depending on the reference.

  • Defined Terms and Rules of Construction Capitalized terms used but not otherwise defined in this Agreement have the meanings given to them in the Indenture, dated as of [______________], 20[__] (the "Indenture"), between CWHEQ Revolving Home Equity Loan Trust, Series 200_-_ and the Indenture Trustee, and if not defined there, in the Sale and Servicing Agreement. In addition, Section 1.04 (Rules of Construction) of the Indenture is incorporated by reference with appropriate substitution of this Agreement for references in that Section to the Indenture so that the language of that Section will read appropriately as applying to this Agreement.

  • All Terms to be Conditions The Company agrees that the conditions contained in this Agreement will be complied with insofar as the same relate to acts to be performed or caused to be performed by the Company. Any breach or failure to comply with any of the conditions set out in this Agreement shall entitle any of the Underwriters to terminate their obligation to purchase the Offered Shares, by written notice to that effect given to the Company at or prior to the Closing Time or the Option Closing Time, as applicable. It is understood that the Underwriters may waive, in whole or in part, or extend the time for compliance with, any of such terms and conditions without prejudice to the rights of the Underwriters in respect of any such terms and conditions or any other or subsequent breach or non-compliance, provided that to be binding on any Underwriter any such waiver or extension must be in writing and signed by such Underwriter.

  • Other Terms Unchanged The Note, as amended by this Amendment, remains and continues in full force and effect, constitutes legal, valid, and binding obligations of each of the parties, and is in all respects agreed to, ratified, and confirmed. Any reference to the Note after the date of this Amendment is deemed to be a reference to the Note as amended by this Amendment. If there is a conflict between the terms of this Amendment and the Note, the terms of this Amendment shall control. No forbearance or waiver may be implied by this Amendment. Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment to, any right, power, or remedy of Lender under the Note, as in effect prior to the date hereof. For the avoidance of doubt, this Amendment shall be subject to the governing law, venue, and Arbitration Provisions, as set forth in the Note.

Time is Money Join Law Insider Premium to draft better contracts faster.