Terms of Stock Option Sample Clauses

Terms of Stock Option. The option to purchase Common Stock granted hereby is subject to the terms, conditions, and covenants set forth in the Plan as well as the following:
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Terms of Stock Option. The stock option awarded under this Agreement shall be subject to the following terms and provisions: (a) The option price shall be 100% of the mean between the highest price and the lowest price per shares for the Company's common stock as quoted in the OTC "Pink Sheets" on the date of this Agreement; (b) The option may be exercised with respect to all or some of the shares at any time from the date hereof until the expiration of the promotional and consulting services agreement between the Company and Anthony dated as of thx xxxx hereof ("Consulting Agreement"); (c) The right to purchase the option stock may be exercised in whole or in part up to the expiration date. Notice of exercise will be delivered to the Company, stating the number of shares with respect to which the option is being exercised and specifying a date, not less than five (5) nor more than ten (10) days after such notice, as the date on which Anthony will deliver pxxxxxx for such stock. On the date specified in such notice, the Company will deliver to Anthony certificates fxx xxx number of shares with respect to which the option is being exercised, against payment for them by certified check for the option price; (d) Anthony will not have xxx xxxhts with respect to any shares on which this option has been exercised if payment has not been made in the manner expressed in the previous paragraph; (e) The option price and the number of shares shall be subject to equitable adjustment, as determined by the certified public accountants for the Company, if, while this option is outstanding, there is a change in the common shares of the Company through the declaration of share dividends, or recapitalization resulting in stock split-ups, combinations or exchanges of shares or otherwise; (f) During his lifetime, the option rights granted to Anthony shall be exercxxxxxx only by him, and none of his rights shall be subject to sale, transfer, hypothecation or assignment except by will or the laws of descent and distribution. If the Consulting Agreement terminates, all remaining rights under this option shall terminate; If Anthony dies during thx xxxx of the Consulting agreement, his legal representative shall have the right within three months thereafter to exercise in whole or in part, any option which was available to Anthony at the time of xxx xxath. 3.
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Terms of Stock Option. The stock option awarded under this Agreement shall be subject to the following terms and provisions:
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Terms of Stock Option. The right to purchase stock pursuant to this Option is subject to the following terms, conditions and covenants:
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Terms of Stock Option 
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Related to Terms of Stock Option

  • 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.

  • 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:

  • 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.

  • 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.

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

  • 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.

  • Treatment of Stock Options 6 ARTICLE III.

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 50,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

  • Vesting of Stock Options All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.2. Executive may exercise such options in accordance with the terms and conditions of the stock option plan and the agreement pursuant to which such options were granted.

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