Granting of Options. From time to time until the expiration or earlier suspension or discontinuance of the Plan pursuant to Section 13, the Committee may, on behalf of Company, grant to Eligible Employees under the Plan such Options as it determines are warranted, subject to the limitations of the Plan. The granting of an Option under the Plan shall not be deemed either to entitle the Participant to, or to disqualify the Participant from, any participation in any other grant of Options under the Plan.
Granting of Options. The Authorizing Parties agree that on the signing date of the Agreement, they irrevocably grant Party A or its designated third party the options to buy all of Authoring Party 1’s stocks in Party C and/or all assets under Authoring Party 2 in stages or on a one-off basis in the ways specified under Article 2.2. Party A shall be granted the Options upon the Parties’ signing of the Agreement, and such granted Options shall be irrevocable during the validity period of the Agreement.
Granting of Options. The Board may from time to time in the manner herein provided grant options ("Options") to purchase common shares ("Shares") of the Corporation to directors, officers, employees or area managers or arm's length consultants of the Corporation and may provide for the number of Shares to be optioned to each such director, officer, employee, area manager or arm's length consultant.. Options shall be exercised on or prior to a date determined by the Board of Directors at the date of the grant, which shall be no later than ten years from the date of the grant and shall be subject to the terms, conditions, limitations and prohibitions as are herein contained or as may be in effect at the date of the grant.
Granting of Options. The Committee may from time to time at its discretion, subject to the provisions of the Plan, determine those eligible individuals to whom Options will be granted, the number of Shares subject to such Options, the dates on which such Options are to be granted and the expiration of such Options. The Committee may, at its discretion, with respect to any Option, impose additional terms and conditions which are more restrictive on the optionee than those provided for in the Plan. Each Option will be evidenced by a written agreement between, and executed by, Summo and the individual containing such terms and conditions established by the Committee with respect to such Option and will be consistent with the provisions of the Plan. Options shall be granted to directors only according to the following formula:
Granting of Options. Options shall be granted within 10 years from the effective date of the Plan. Each option shall be evidenced by a written Stock Option Agreement executed by the Company and the employee to whom such option is granted. An option shall be deemed to have been granted only when the Stock Option Agreement has been duly executed by the Company and the employee to whom such option is granted has been notified of the granting of the option.
Granting of Options. The Committee may grant options to such persons eligible under the Plan as the Committee may select from time to time. Such options shall be granted at such times, in such amounts and upon such other terms and conditions as the Committee shall determine, which shall be evidenced under an Award Agreement and subject to the following terms and conditions:
Granting of Options. 2.1 The Company may grant Options to Employees upon the approval of the Board of Directors. No Option shall be granted to an Employee unless the Employee and the Company or Affiliated Company, as the case may be, have entered into an employment agreement that specifies the terms and conditions of the Employee's performance of services for the Company or Affiliated Company and is in full force and effect on the date the Option is granted to the Employee.
Granting of Options. The Company may grant up to an aggregate of 1,817,700 Stock Options, of which 1,244,700 Stock Options have been granted as of the First Closing Date and 573,000 Stock Options are to be granted in the future. If the Stock Options are granted, the Company shall grant the Stock Options at an exercise price equal to at least the per share fair market value of the Common Stock (as determined by the Company's Board of Directors) at the time of such grant.
Granting of Options. Biomune shall not grant to any of its officers, employees or consultants options to purchase Common Stock or any security convertible into Common Stock or change the pricing or other terms of any outstanding options without Donlar's prior written consent.
Granting of Options. The granting of any Option pursuant to ---------- ------------------- this Plan shall be entirely in the discretion of the Board or the Committee and nothing herein contained shall be construed to give any director, employee or consultant any right to participate under this Plan or to receive any Option under it. The granting of an Option shall impose no duty upon the optionee to exercise such Option. Neither the adoption and maintenance of the plan nor the granting of an Option pursuant to this Plan shall be deemed to constitute a contract of employment between any of the Related Companies and any employee or to be a condition of the employment of any person. Nothing herein contained shall be deemed to (a) give to any director, employee or consultant the right to be retained by any of the Related Companies or (b) interfere with the right of any of the Related Companies to discharge or retire any director, employee or consultant at any time.
