GRANT OF OPTION definition

GRANT OF OPTION. For two (2) years (“Option Period”) following the Effective Date of this Agreement, LANDLORD grants to TENANT the option to lease (“Option”) the property outlined herein. Such Option Period may be extended for two (2) additional years at the election of the TENANT by notifying LANDLORD in writing of its intention to extend such Option Period within thirty (30) days prior to the expiration of the Option Period (“Extension Notice”).

Examples of GRANT OF OPTION in a sentence

  • GRANT OF OPTION: This memorandum confirms that, subject to the terms and conditions of the Analog Devices, Inc.

  • SECTION 2.1 - GRANT OF OPTION ----------------------------- In consideration of the Employee's agreement to remain in the employ of the Company or its Subsidiaries and for other good and valuable consideration, on the date hereof the Company irrevocably grants to the Employee the option to purchase any part or all of an aggregate of No. of shares shares of its $1.00 par value Common Stock upon the terms and conditions set forth in this Agreement.

  • Capitalized terms not defined in this Agreement shall have the meaning ascribed to them in the Company’s 2013 Equity Incentive Plan, as amended from time to time (the “Plan”), or in the Grant Notice, as applicable.1. GRANT OF OPTION.

  • RESTRICTION ON GRANT OF OPTION In addition, a grant of Options may not be made after inside information (as defined under Part XIVA of the SFO) has come to the Company’s knowledge until it has disclosed the information to the public.

  • GRANT OF OPTION Subject to the terms of the Plan (attached hereto as Exhibit A), the Company hereby grants to the Optionee the right and option (the "Option") to purchase from the Company, on the terms and subject to the conditions set forth in the Plan and in this Option Agreement, the number of shares of Stock set forth opposite the words "Options Granted" in the Grant Letter.

  • Where the FMPU has made a concerted effort to engage stakeholders in the policy development process, the contribution of these stakeholders has been limited.




  • Cooper Per ___________________________ J.E. Cooper, director GRANT OF OPTION IN CONSIDERATION of the payment by Sedona Software Solutions Inc.

More Definitions of GRANT OF OPTION

GRANT OF OPTION. For one hundred twenty (120) days (“Option Period”) following execution of this Agreement, LESSOR grants to LESSEE the option to lease (“Option”) the property outlined herein.
GRANT OF OPTION. In consideration of an annual payment of $ , the Department grants to the Optionee a non-assignable option to lease premises described in Exhibit “A”, attached hereto upon those terms and conditions as in the form, terms, and conditions of that lease agreement attached hereto as Exhibit “B”, and incorporated herein as if fully set forth. This Option to Lease shall remain in effect from the date of this Option to Lease Agreement until 12 noon Mountain Time on the Day of , 20 , at which time it will expire and terminate automatically.
GRANT OF OPTION. Conditions. Tenant shall have the right to extend the Term (the “Extension Option”) for one (1) additional period of five (5) years, commencing on January 1, 2022, and ending on December 31, 2026 (the “Fifth Extended Term”), if:”


  • Date of Option Grant means __________________.

  • Option Award means an Award of an Option pursuant to Section 10 hereof.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Restricted Stock Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Restricted Stock Grant means an Award of shares of Common Stock granted pursuant to the provisions of Section 8 of the Plan.

  • Director Option means a Nonstatutory Stock Option granted to each Eligible Director pursuant to Section 6.7 without any action by the Board or the Committee.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Restricted Stock Plan means the Comcast Corporation 2002 Restricted Stock Plan (or such other more recently-adopted generally applicable plan pursuant to which the Company grants restricted stock or restricted stock units).

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Sub-grant means a grant made or proposed to be made by the Bank using Trust Funds allocated to Window 2 (Sub-grants for Investment Projects), herewith to any public or private entity to carry out an Investment and Program Activity;

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Non-Incentive Stock Option or "Non-ISO" shall mean an option to purchase Shares granted pursuant to Section 9 hereof, which option is not intended to qualify under Section 422 of the Code.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Grant means to mortgage, pledge, bargain, sell, warrant, alienate, remise, release, convey, assign, transfer, create, and to grant a lien upon and a security interest in and right of set-off against, and to deposit, set over and confirm pursuant to the Indenture. A Grant of the Collateral or of any other agreement or instrument shall include all rights, powers and options (but none of the obligations) of the granting party thereunder, including the immediate and continuing right to claim for, collect, receive and give receipt for principal and interest payments in respect of the Collateral and all other monies payable thereunder, to give and receive notices and other communications, to make waivers or other agreements, to exercise all rights and options, to bring Proceedings in the name of the granting party or otherwise, and generally to do and receive anything that the granting party is or may be entitled to do or receive thereunder or with respect thereto.

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Stock Award Agreement means a written agreement between the Company and a holder of a Stock Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.