Option Cancellation Agreement Sample Contracts

THIS AGREEMENT made the day of February, 2011 -----
Option Cancellation Agreement • March 7th, 2011 • American Paramount Gold Corp. • Metal mining • Nevada
OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • January 5th, 2016 • Transfirst Holdings Corp. • Services-business services, nec • Delaware

THIS OPTION CANCELLATION AGREEMENT (this “Agreement”) is entered into on October 15, 2015 (the “Effective Date”), by and between TransFirst Holdings Corp., f/k/a Tyche Topco, Inc., a Delaware corporation (the “Company”), and Steven Rizzuto (“Employee”).

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • May 24th, 2011 • Nobel Learning Communities Inc • Services-educational services • Delaware

THIS OPTION CANCELLATION AGREEMENT (this “Agreement”) is made as of May 18, 2011, by and between the undersigned (the “Option Holder”) and Nobel Learning Communities, Inc., a Delaware corporation (the “Company”). Capitalized terms used herein but not otherwise defined shall have the meaning ascribed to them in the Merger Agreement (as defined below).

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • May 24th, 2011 • Nobel Learning Communities Inc • Services-educational services • Delaware

THIS OPTION CANCELLATION AGREEMENT (this “Agreement”) is made as of May 18, 2011, by and between the undersigned (the “Option Holder”) and Nobel Learning Communities, Inc., a Delaware corporation (the “Company”). Capitalized terms used herein but not otherwise defined shall have the meaning ascribed to them in the Merger Agreement (as defined below).

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • August 13th, 2001 • Eye Care Centers of America Inc • Retail-retail stores, nec • Texas

This Option Cancellation Agreement (the “Agreement”), is entered into as of June 15, 2001, by and between Eye Care Centers of America, Inc. (the “Company”) and the undersigned participant (the “Optionee”).

CONFIDENTIAL SEPARATION, TRANSITION AND RELEASE AGREEMENT
Option Cancellation Agreement • February 22nd, 2011 • NeuMedia, Inc. • Patent owners & lessors • California

This Confidential Separation, Transition and Release Agreement (the “Agreement”) is entered into by and between Russell Burke (hereinafter “Employee”) on the one hand, and Twistbox Entertainment, Inc. (the “Company”) on the other hand.

iParty Corp. OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • December 12th, 2006 • Iparty Corp • Retail-miscellaneous shopping goods stores • Delaware

THIS AGREEMENT, made as of the eighth day of December, 2006 (the “Cancellation Date”), between iParty Corp., a Delaware corporation (“iParty”), and Dorice Dionne (the “Grantee”).

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • June 5th, 2018 • BG Staffing, Inc. • Services-help supply services • Delaware

This OPTION CANCELLATION AGREEMENT (this “Agreement”) is entered into effective as of May 31, 2018 by and between BG Staffing, Inc., a Delaware corporation (the “Company”), and L. Allen Baker, Jr. (the “Optionee”).

FRESH BRANDS, INC. OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • December 6th, 2005 • Fresh Brands Inc • Retail-grocery stores • Wisconsin

THIS OPTION CANCELLATION AGREEMENT, made this _____day of December, 2005, by and between FRESH BRANDS, INC., a Wisconsin corporation (the “Company”), and [NAME OF OPTIONEE] (“Optionee”).

OPTION cancellation AGREEMENT
Option Cancellation Agreement • July 27th, 2016 • Solitron Devices Inc • Semiconductors & related devices • Florida

THIS OPTION CANCELLATION AGREEMENT (this “Agreement”) is made as of July 22, 2016, by and between Shevach Saraf (the “Option Holder”) and Solitron Devices, Inc. (the “Company”).

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • October 21st, 2005 • Miva, Inc. • Services-business services, nec • Delaware

This OPTION CANCELLATION AGREEMENT (the “Agreement”), dated October ____, 2005, is made by and between MIVA, Inc., a Delaware corporation (the “Company”), and [Optionee] (the “Optionee”).

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • April 15th, 2008 • Indymac Bancorp Inc • Savings institution, federally chartered

THIS OPTION CANCELLATION AGREEMENT (this “Agreement”) is entered into as of April 9, 2008 between IndyMac Bancorp, Inc., a Delaware corporation (the “Corporation”), and Michael W. Perry, the Corporation’s Chairman and Chief Executive Officer (“Executive”) with reference to the following:

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • December 31st, 2012 • Insite Vision Inc • Pharmaceutical preparations

This letter relates to the nonqualified stock option to acquire 2,844,374 shares of InSite Vision Incorporated (“Company”) common stock granted to you on December 1, 2010 (“2010 Option”) pursuant to the Notice of Grant of Stock Option and Terms and Conditions of Stock Option executed by you and the Company on December 9, 2010 (“Grant Notice”).

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • April 4th, 2005 • Science Applications International Corp • Services-engineering, accounting, research, management • California

THIS OPTION CANCELLATION AGREEMENT (this “Agreement”) is entered into as of January 31, 2005 among Science Applications International Corporation, a Delaware corporation (“SAIC”), Telcordia Technologies, Inc., a Delaware corporation (“Telcordia”) and Matthew J. Desch (“Option Holder”).

AGREEMENT AND PLAN OF MERGER BY AND AMONG CONSTANT CONTACT, INC., MATCH ACQUISITION CORPORATION, SINGLEPLATFORM, CORP. AND THE STOCKHOLDER REPRESENTATIVE DATED AS OF JUNE 12, 2012
Option Cancellation Agreement • June 13th, 2012 • Constant Contact, Inc. • Services-direct mail advertising services • Delaware

This Agreement and Plan of Merger (as amended, restated or supplemented from time to time, this “Agreement”) is made and entered into as of June 12, 2012 (the “Agreement Date”) by and among Constant Contact, Inc., a Delaware corporation (“Parent”), Match Acquisition Corporation, a Delaware corporation and a wholly-owned subsidiary of Parent (“Merger Sub”), SinglePlatform, Corp., a Delaware corporation (the “Company”), and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as Stockholder Representative.

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • May 1st, 2009 • Tree.com, Inc. • Loan brokers

THIS OPTION CANCELLATION AGREEMENT is made and entered into as of the 28th day of April, 2009, by and between Tree.com, Inc., a Delaware corporation (the “Company”), and Douglas R. Lebda, the Company’s Chairman and Chief Executive Officer (“Executive”, and, together with the Company, the “Parties”).

WILLIS LEASE FINANCE CORPORATION OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • August 25th, 2011 • Willis Lease Finance Corp • Wholesale-machinery, equipment & supplies • California

THIS OPTION CANCELLATION AGREEMENT, is made by and between Willis Lease Finance Corporation., a Delaware corporation (the “Company”), and you, as the undersigned option holder, for the purpose of purchasing certain options to purchase shares of the Company’s Common Stock held by you. The effective date of this Agreement shall be the date that it is fully executed by both the Company and you (the “Effective Date”).

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION BY AND AMONG SELECT BANCORP, INC., SELECT BANK & TRUST COMPANY, PREMARA FINANCIAL, INC. AND CAROLINA PREMIER BANK DATED AS OF JULY 20, 2017
Option Cancellation Agreement • July 26th, 2017 • Select Bancorp, Inc. • State commercial banks • North Carolina

THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this “Agreement”) is entered into as of the 20th day of July 2017 by and between SELECT BANCORP, INC., a North Carolina corporation (“SLCT”), and its wholly owned subsidiary, SELECT BANK & TRUST COMPANY, a North Carolina banking corporation (“Select Bank”), on the one hand, and PREMARA FINANCIAL, INC., a North Carolina corporation (“PARA”), and its wholly owned subsidiary CAROLINA PREMIER BANK, a North Carolina banking corporation (“Target Bank”), on the other hand (collectively, SLCT, Select Bank, PARA and Target Bank may be referred to herein as the “Parties” and, each individually, as a “Party”).

iParty Corp. OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • December 12th, 2006 • Iparty Corp • Retail-miscellaneous shopping goods stores • Delaware

THIS AGREEMENT, made as of the eighth day of December, 2006 (the “Cancellation Date”), between iParty Corp., a Delaware corporation (“iParty”), and Patrick Farrell (the “Grantee”).

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • June 15th, 2021 • Inmune Bio, Inc. • Biological products, (no disgnostic substances) • California

THIS OPTION CANCELLATION AGREEMENT (this “Agreement”), is entered into as of June 10, 2021 by and between INmune Bio Inc., a Nevada corporation (the “Company”), and Xencor, Inc. a Delaware corporation (“Xencor”), for the purpose of the cancellation of certain options to purchase shares of the Company’s common stock, par value $0.001 per share (“Common Stock”) held by Xencor.

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • July 12th, 2013 • Apparel Holding Corp. • Retail-apparel & accessory stores

THIS OPTION CANCELLATION AGREEMENT (the “Agreement”) is entered into as of October 4, 2012, by and between Arthur Gordon (the “Optionee”) and Kellwood Company, a Delaware corporation (the “Company”).

SUTTER ROCK CAPITAL CORP. FORM OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • May 8th, 2020 • Sutter Rock Capital Corp. • Maryland

This Option Cancellation Agreement (this “Agreement”) is made and entered into as of the Effective Date, by and between the Company and the Option Holder. For purposes of this Agreement, references to “Parties” shall mean the Company and the Option Holder collectively, and references to a “Party” are intended to refer to the respective Parties individually.

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • March 25th, 2014 • Snap Interactive, Inc • Services-business services, nec • Delaware

This OPTION CANCELLATION AGREEMENT (this “Agreement”) is dated as of March 4, 2014 (the “Effective Date”) and is entered into by Snap Interactive, Inc., a Delaware corporation (the “Company”), and Jon Pedersen (the “Optionee”). Terms used in this Agreement with initial capital letters that are not otherwise defined herein shall have the meanings ascribed to such terms in the Nonqualified Stock Option Agreement by and between the Optionee and the Company, dated as of April 10, 2013 (the “Option Agreement”).

OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • April 15th, 2005 • Bulldog Technologies Inc • Services-miscellaneous business services • British Columbia

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the mutual covenants contained herein (the sufficiency whereof is hereby acknowledged by the parties hereto), the parties hereby agree to and with each other as follows:

WITNESSETH:
Option Cancellation Agreement • March 30th, 1998 • Matec Corp/De/ • Steel works, blast furnaces & rolling & finishing mills • Massachusetts
Contract
Option Cancellation Agreement • September 30th, 2002 • Openwave Systems Inc • Services-prepackaged software

This memorandum (the “Memorandum”) sets forth and describes the terms and conditions of the agreement between you and Openwave Systems Inc. (the “Company”) regarding the handling of compensatory stock options granted to you by the Company. In return for your agreement to cancel the five million three hundred thousand (5,300,000) stock options granted to you on October 30, 2001 (the “Cancelled Options”), the Company agrees to grant to you new options to acquire five million three hundred thousand (5,300,000) shares of the Company’s common stock (the “Replacement Options”) to replace the Cancelled Options. The Replacement Options will be granted between six months and one day and seven months after the cancellation date, provided that you continue as an employee of the Company from now through and including the grant date for the Replacement Options, and will have a per share exercise price equal to 100% of the fair market value of the Common Stock at the time of grant. All Restricted Sh

THIS OPTION CANCELLATION AGREEMENT is made this 9th day of September, 2011. BETWEEN:
Option Cancellation Agreement • September 13th, 2011 • Wolverine Exploration Inc. • Metal mining • British Columbia
OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • September 30th, 2015 • Cumulus Media Inc • Radio broadcasting stations • Delaware

THIS OPTION CANCELLATION AGREEMENT (this “Agreement”) is made and entered into as of September 29, 2015 (the “Effective Date”), by and between John W. Dickey (the “Participant”), and Cumulus Media Inc. (the “Company”).

Exhibit 10.4 Form of Option Cancellation Agreement
Option Cancellation Agreement • December 31st, 1996 • Lamcor Inc • Paperboard containers & boxes • Minnesota
OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • December 10th, 2013 • Equal Energy Ltd. • Crude petroleum & natural gas • Alberta

THIS OPTION CANCELLATION AGREEMENT (this “Agreement”) is entered into as of , 2013 between Equal Energy Ltd., a corporation existing under the laws of Alberta (the “Company”), and (the “Optionholder”).

iParty Corp. OPTION CANCELLATION AGREEMENT
Option Cancellation Agreement • December 12th, 2006 • Iparty Corp • Retail-miscellaneous shopping goods stores • Delaware

THIS AGREEMENT, made as of the eighth day of December, 2006 (the “Cancellation Date”), between iParty Corp., a Delaware corporation (“iParty”), and Sal Perisano (the “Grantee”).