Examples of Optioned Shares in a sentence
Upon the exercise of the Optioned Shares pursuant to this Agreement, you agree to become a party to such shareholders agreements by and among the Company and its shareholders as shall exist from time to time, provided the provisions of such agreements are customary and reasonable.
The notice shall be accompanied by payment in full of the Option Price, multiplied by the number of Optioned Shares so purchased, by cash, certified check, bank check or such other form of lawful consideration as the Company may accept.
You shall have none of the rights of a shareholder until the Optioned Shares are in fact issued and delivered to you, and then only as to those Optioned Shares actually issued and delivered to you.
Commencing on the first six month anniversary of the Effective Date, twelve and one half percent (12.5%) of the Optioned Shares shall be exercisable, and commencing as of the date of each successive six month period following such first six month anniversary, twelve and one half percent (12.5%) of the remaining Optioned Shares shall become exercisable, provided that the Option has not sooner expired and terminated in accordance with the Plan or Section 6 hereof.
You represent and warrant that you are acquiring the Option and the Optioned Shares for your own account for investment and not with a view toward distribution thereof.