Option Exercise Payment definition

Option Exercise Payment has the meaning set forth in Section 3.2.
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Option Exercise Payment means the Milestone payment specified in Appendix 3 to the Option Agreement and the payment of which is required upon execution of this Agreement;
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Option Exercise Payment is defined in Section 7.1.10(b).
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Examples of Option Exercise Payment in a sentence

  • US$700,000 to the Optionor on or before the 12 month anniversary of the date of payment of the Fourth Option Exercise Payment to earn an additional 10% interest (for a total of 90%) (the “Fifth Earn-in Option”).The Optionor can elect to receive any of the Option Payments, in lieu of the respective cash amounts, in units of the Company.

  • If the exercise by Spark of any Option requires the making of filings under the HSR Act, then all rights and obligations related to the exercise of such Option for the applicable Potential Target (including payment of any Option Exercise Payment) shall be tolled until HSR Clearance for such Option exercise.

  • Subject to Section 6.2 (Option Exercise Payments), Selecta hereby grants to Spark an exclusive option to obtain exclusive licenses as set forth in Section 2.1(b) (Additional Targets) with respect to Licensed Products directed at up to four (4) Potential Targets (each, an “Option”) (in each case, [***]) at any time during the Option Period by providing written notice of exercise to Selecta and paying the Option Exercise Payment in accordance with Section 6.2 (Option Exercise Payments).

  • After receiving such written notice, Moderna will submit an invoice to AstraZeneca for the amount of the Contingent Event Option Exercise Payment, and AstraZeneca will pay Moderna the applicable Contingent Event Option Exercise Payment within [***][***] days after AstraZeneca’s receipt of such invoice.

  • On and after the redemption date, interest will cease to accrue on the Notes as long as the Company has deposited with the Paying Agent funds in an amount equal to the Call Option Exercise Payment.

  • The Option Exercise Payment shall be payable by Spark within [***] after Spark’s notice that it is exercising such Option or within [***] after HSR Clearance, if an HSR Filing is needed.

  • In no event will any credits, deductions or reductions permitted to be taken under this Schedule A, the Option Agreement or any other Transaction Agreement against any particular Contingent Event Option Exercise Payment or Option Exercise Earn-Out payment owed to Moderna under this Schedule A (including pursuant to Paragraph 2.3(c) (Schedule A))act to reduce such payment by more than [***]; provided, that [***].

  • Confidential treatment has been requested with respect to the omitted portions Payment”); provided, however, that the Option Exercise Payment shall be reduced to [***] for Additional Targets related to Rare Indications and the Option Exercise Payment shall be [***] for Additional Targets related to Very Rare Indications.

  • Notwithstanding Sections 5.1-5.3 above, in the event that TAIHO concurrently exercises an Option with respect to Licensed Products from two (2) or more Arcus Programs that are being Developed as a combination therapy (an “Intra-Portfolio Combination”) then each Option Exercise Payment and Development and Regulatory Milestone Payment for such Licensed Products included in such Intra-Portfolio Combination will be reduced by [***] percent ([***]%).

  • As soon as reasonably practicable following the Option Exercise Date and payment of the Option Exercise Payment, R-Pharm shall disclose and provide to OV all Regulatory Documentation in the Control of R-Pharm that solely relates to the Product reasonably necessary for the Development or Commercialization thereof and that R-Pharm has not previously provided to OV pursuant to this Agreement.


More Definitions of Option Exercise Payment

Option Exercise Payment means a Milestone payment specified in an Appendix to the Option Agreement and the payment of which is required upon the exercise an Option;
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Option Exercise Payment has the meaning set forth in Section 2.4. -----------------------
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Option Exercise Payment shall have the meaning provided in Section 3.2.
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Option Exercise Payment has the meaning ascribed thereto in Recital B.
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Related to Option Exercise Payment

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • Option Exercise Period has the meaning set forth in Section 5.3(c).

  • Option Exercise Date has the meaning specified in Section 2.1.

  • Option Exercise Notice has the meaning set forth in Section 2.4(c).

  • Aggregate Option Exercise Price means an amount equal to the aggregate dollar amount of the exercise price on all Company Options outstanding immediately prior to the Effective Time.

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.

  • Warrant Exercise Price means $0.04 per share.

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

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

  • Grant Price means the price established at the time of grant of a SAR pursuant to Article 7, used to determine whether there is any payment due upon exercise of the SAR.

  • Post-Termination Exercise Period means the period following termination of a Participant’s Continuous Service within which an Option or SAR is exercisable, as specified in Section 4(h).

  • 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.

  • Option means a stock option granted pursuant to the Plan.

  • Initial Warrant Exercise Date means __________, 1997.

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.

  • Minimum Exercise Amount means the Minimum Exercise Amount as specified in § 1 of the Product and Underlying Data.

  • 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.

  • SAR Exercise Price means the per share exercise price of a SAR granted to a Grantee under Section 9 hereof.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • SAR means a stock appreciation right granted under the Plan.