Options Granted Sample Clauses

Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Five Hundred Thousand (500,000) shares of the Company’s Common Stock exercisable at a price of $0.40 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 125,000 Apr. 1, 2015 Mar. 31, 2020 125,000 Jun. 30, 2015 Jun. 30, 2020 125,000 Sept. 30, 2015 Sept. 30, 2020 125,000 Dec. 31, 2015 Dec. 31, 2020 500,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.
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Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Two Hundred Thousand (200,000) shares of the Company’s Common Stock at the exercise prices per share set below (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the expiration dates set out below (the “Expiration Date”), subject to termination as set forth herein:
Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase Two Hundred Thousand (200,000) shares of the Company’s Common Stock at a purchase price of $0.53 US per share for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the expiration dates set out below (the “Expiration Date”), subject to termination as set forth herein. Subject to the Compensation Committee of the Company’s Board of Directors, or if there are no active members of the Compensation Committee, a majority of the Company’s Board of Directors not including the Optionee, determining that the Optionee has, from the Grant Date to the respective vesting dates set out below, reasonably fulfilled his duties and obligations as a director of the Company, the options will vest on the following schedule: Number of Options to Vest Vesting Date Expiration Date 100,000 June 30, 2010 June 29, 2015 50,000 September 30, 2010 September 29, 2015 50,000 December 31, 2010 December 30, 2015 No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.
Options Granted. Contractor hereby grants to Customer the options set forth in this Article 30 (Options) to be exercised at Customer's sole discretion.
Options Granted. The Company hereby grants the Optionee non-qualified stock options (the “Options”) to purchase up to an aggregate of 2,400.000 shares of the Company’s common stock, par value $0.001 per share, exercisable at an initial exercise price of $0.67 per share (the “Exercise Price”), subject to adjustment as set forth in this Agreement, for a term commencing on the Grant Date and expiring at 5:00 pm (Pacific Time) on the Expiration Date, as hereinafter defined, provided that the right of the Optionee to exercise the Options is subject to:
Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Three Hundred Thousand (300,000) shares of the Company’s Common Stock exercisable at a price of $0.28 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 37,500 March 31, 2014 March 31, 2019 37,500 June 30, 2014 June 30, 2019 37,500 September 30, 2014 September 30, 2019 37,500 December 31, 2014 December 31, 2019 75,000 The date that the Corporation successfully completes 10 successful pilot plant metal extraction tests of 5 tons of head material each, which date shall be reasonably determined by the Board. The date that is the 5th year anniversary of the particular vesting date. 75,000 The first date after the date of these resolutions that the closing price for the Corporation’s common stock (as quoted by the principal market or exchange on which such shares trade) exceeds $1.00 per share for 20 consecutive trading days. The date that is the 5th year anniversary of the particular vesting date. 300,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.
Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of Four Hundred Thousand (400,000) shares of the Company’s Common Stock exercisable at a price of $0.90 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the date that is five (5) years after the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Vesting Date Options to Vest (a) 100,000 The date that the Corporation has successfully completed the following two performance milestones, which date shall be reasonably determined by the Board of Directors:
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Options Granted. 1. On the terms and conditions specified in this Agreement, Company grants Holder the ability to acquire up to 250,000 Options to purchase shares of common stock of Company at a purchase price of $1.00 per share ("Options") according to the terms and vesting schedule of the Director Agreement between Company and Holder attached hereto as an exhibit, such Options being further subject to the provisions of the Plan, as administered by Company's Option Committee. Subject to the provisions of the Plan and the terms contained herein, Holder's right to receive Options granted hereunder terminates should Holder resign, or be forcibly removed, as a Director of Company. Time of Exercise of Option
Options Granted. The Company hereby grants the Optionee non-qualified stock options to purchase an aggregate of One Million Five Hundred Thousand (1,500,000) shares of the Company’s Common Stock exercisable at a price of $0.40 per share (the “Exercise Price”) for a term commencing on the vesting dates set out below (the “Vesting Date”) and expiring at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective Vesting Date (the “Expiration Date”), subject to termination as set forth herein: Number of Options to Vest Vesting Date Expiration Date 300,000 Apr. 1, 2015 Mar. 31, 2020 300,000 Jun. 30, 2015 Jun. 30, 2020 300,000 Sept. 30, 2015 Sept. 30, 2020 300,000 Dec. 31, 2015 Dec. 31, 2020 150,000 The date that the Company completes the re- assay of all 35 drill holes completed during the Company’s 2007-2010 drill programs and located within the North and South Sand Zones of the Columbus Project, provided that these options shall not vest unless(a) the re- assaying program is completed on or before Dec. 31, 2015; and (b) the average grade among all of the re-assayed drill samples is significantly greater than the average grade of the original assays for the same samples. Whether any increase in average grade is significant, and the date that the above vesting conditions have been satisfied, if at all, shall be as determined by the independent directors of the Company, acting reasonably. If these options do not vest on or before Dec. 31, 2015, the expiration date for these options shall be Dec. 31, 2015. If these options vest on or before Dec. 31, 2015, the expiration date for these options shall be the 5th year anniversary of the particular vesting date. 150,000 The first date after the date of these resolutions that the closing price for the Company’s common stock (as quoted by the principal market or exchange on which such shares trade) exceeds $1.20 per share for 20 consecutive trading days. The date that is the 5th year anniversary of the particular vesting date. 1,500,000 Total No option may be exercised unless the option has vested. The vesting of all options will be cumulative. All options which have not vested will terminate on the date of termination of the options in accordance with this Agreement.
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