Stock Option definition

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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Stock Option or "Option" means any option to purchase shares of Stock which is granted pursuant to the Plan.

Stock Option or “Option” means any option to purchase shares of Common Stock granted to Eligible Individuals granted pursuant to Article VI.

Examples of Stock Option in a sentence

• Except as otherwise provided in this Agreement, to the extent the unexercised portion of the Stock Option relates to Optioned Shares which are not vested on the date of the Optionholder’s termination of Continuous Service, the Stock Option will be terminated on that date.

• Upon payment of all amounts due from the Optionholder, the Company shall cause certificates for the Optioned Shares then being purchased to be delivered to the Optionholder (or the person exercising the Optionholder’s Stock Option in the event of his or her death) at its principal business office within ten (10) business days after the Exercise Date.

• Notwithstanding any of the provisions hereof, the Optionholder hereby agrees that the Optionholder will not exercise the Stock Option granted hereby, and that the Company will not be obligated to issue any shares to the Optionholder hereunder, if the exercise thereof or the issuance of such shares shall constitute a violation by the Optionholder or the Company of any provision of any law or regulation of any governmental authority.

• The following legend shall be placed on all certificates representing Optioned Shares: “The shares evidenced by this certificate are subject to a Stock Option Agreement containing certain rights and limitations on transfer, including a right of first refusal and a drag-along right in favor of the Corporation or its assignee(s), a special right of repurchase upon a divorce, and a restriction on transfer during a lock-up period in the event of a public offering of the Corporation’s securities.

• If the Optionholder fails to pay for any of the Optioned Shares specified in such notice or fails to accept delivery thereof, then the Stock Option, and the right to purchase such Optioned Shares, may be forfeited by the Company.

More Definitions of Stock Option

Stock Option means any option to purchase shares of Stock granted pursuant to Section 5 below.

Stock Option means a Nonqualified Stock Option or an Incentive Stock Option.

Stock Option means an option granted under Section 5.

Stock Option means an Award granted under Section 5.

Stock Option means an option to purchase shares of Stock granted pursuant to Section 5.

Stock Option or “Option” means any option to purchase shares of Common Stock granted to Eligible Employees, Non-Employee Directors or Consultants pursuant to Article VI.

Stock Option or "Option" means any option to purchase shares of Common Stock (including Restricted Stock, if the Committee so determines) granted pursuant to Section 5 below.