Examples of First Option Agreement in a sentence
Issued and outstanding On June 27, 2018, the Company issued 2,000,000 common shares as earn-in option payment for Troilus North Property pursuant to the term of the First Option Agreement for Troilus North.
However, in breach of the First Option Agreement, Sapinda failed to buy the shares.
CCCC acknowledges he had originally been given his shares by the Shareholders and in consideration of being retained by the Company and provided to him by the Shareholders he agrees to enter into the First Option Agreement contained in the Shareholders Agreement.
Points (5b) and (5c) apply: the subject-matter of both the Sale Agreement and the Second Option Agreement was dealing with the fallout from the breach of the First Option Agreement.
Precisely, the national reforms can be identified as a limited reorientation with some amendments of the related laws, which are as follows:- Changes in the field of investment policy of the private pension funds.
Any provision of this First Option Agreement may be waived in writing at any time by the party that is entitled to the benefits of such provision.
The First Option will continue to be subject to the terms, definitions and provisions of the Company's Nonstatutory Stock Option Plan (the "Option Plan") and the stock option agreement executed by Executive and the Company (the "First Option Agreement"), both of which documents have been approved by the Board and are incorporated herein by reference.
The terms and conditions of this First Option Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns.
EEEE agrees that in consideration of the Shareholders transferring some share to him as provided herein he will enter into the First Option Agreement contained within the Shareholders Agreement and will also enter into a service agreement with like terms and condition to that contained in Schedule 4 hereof.
This has the advantage of re-establishing the use of the former station building as well as providing the opportunity to integrate with the proposed light rail system on Mayor Street and ensure maximum accessibility through the Area.