Option Grant definition

Option Grant means a single grant of Options to a certain Participant as determined by the Board or the Committee.

Option Grant means a written agreement between the Company and an Optionee evidencing the terms and conditions of an individual Option grant. The Option Grant is subject to the terms and conditions of the Plan.

Option Grant means an option granted under one of the Plans to a Plan Participant to acquire shares of Company Stock.

Examples of Option Grant in a sentence

• The exercise price shall be payable in one or more of the alternative forms authorized under the Discretionary Option Grant Program.

• The Plan Administrator shall have the absolute discretion either to grant options in accordance with the Discretionary Option Grant Program or to effect stock issuances in accordance with the Stock Issuance Program.

• Administration of the Discretionary Option Grant and Stock Issuance Programs with respect to all other persons eligible to participate in those programs may, at the Board's discretion, be vested in the Primary Committee or a Secondary Committee, or the Board may retain the power to administer those programs with respect to all such persons.

• The grant of options under the Automatic Option Grant Program shall in no way affect the right of the Corporation to adjust, reclassify, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets.

• The exercise price shall become immediately due upon exercise of the option and shall be payable in one or more of the alternative forms authorized under the Discretionary Option Grant Program.

More Definitions of Option Grant

Option Grant means the written instrument which contains the terms, conditions and restrictions pertaining to each Option granted to an Optionee.

Option Grant means a written agreement between the Company and an Optionee setting forth the terms and conditions of the Option granted by the Board to such Optionee.

Option Grant means the total number of Options granted to the Holder which are each convertible into shares of Common Stock upon the attainment of specified vesting criteria set forth herein.

Option Grant means a signed, written agreement by the Company, in the form attached as Exhibit A, subject to any amendments or additions thereto as may, in the discretion of the Plan Administrator, be necessary or advisable, evidencing the terms and conditions on which an Option has been granted under this Plan.

Option Grant means a single grant of Options to a certain Participant as determined by the Board or the Committee.{N0332202; 2}Alcobra Ltd. – 2010 Incentive Option Plan

Option Grant. You have been granted an INCENTIVE STOCK OPTION (referred to in this Agreement as your "Option"). 2. NUMBER OF SHARES SUBJECT TO YOUR OPTION: ___________ shares of Common Stock ("Shares"), subject to adjustment as may be necessary pursuant to Article 10 of the 2007 Plan.

Option Grant means the grant of an option to Lawrence Mehren to purchase 2,200,000 shares of Common Stock at an exercise price equal to the price listed for the Common Stock on the NYSE Amex Stock Market as of the date of the grant.