Issuance of Option. Upon execution of this Agreement, the Company hereby issues Holder an option to acquire 20,000,000 shares of the Company’s Common Stock at an exercise price equal to the volume weighted average price of the Company’s common stock for the twenty trading days prior to the date of the Purchase Agreement with Xxxxxx Fabrication L.L.C. and High Plains (but not less than $0.05 per share) (the Exercise Price”), subject to the terms of this Agreement (the “Option”).
Issuance of Option. Upon execution of this Agreement, the Company hereby issues Holder an option to acquire up to 500,000 Shares of the Company’s Common Stock, fully paid and non-assessable at an exercise price of $.50 per share (the “Exercise Price”), subject to the terms of this Agreement (the "Option").
Issuance of Option. Upon execution of this Agreement, Seller -------------------- hereby issues Purchaser an option to acquire 1,880,842 Shares of APDN Common Stock, fully paid and non-assessable at an exercise price of $1.00 USD per share (the "Per Share Exercise Price"), or an aggregate of $1,880,842 USD (the "Purchase Price") subject to the terms of this Agreement (the "Option"). SECTION 2
Issuance of Option. Pursuant to the terms and subject to the conditions set forth in this Agreement, the Plan and the Stock Option Agreement, as of April 17, 2008, the Company granted to Executive an Option to purchase the number of Shares set forth on Exhibit A attached hereto at an exercise price per Share equal to the amount set forth on Exhibit A attached hereto.
Issuance of Option. The Grantors hereby agree that if (i) the Stockholder does not exercise its Redemption Rights in connection with the Acquisition Proposals and (i) the Acquisition Proposals are approved and the Mergers are consummated, the Grantors will, at the closing of the Mergers, issue to the Stockholder a five-year option in the form of Exhibit A attached hereto (the “Option”) to purchase an aggregate of 198,427 shares of common stock of the Company, par value $0.001 per share, at an exercise price of $0.005 per share (“Option Shares”). On or prior to December 20, 2012, the Grantors and the Stockholder shall enter into an Escrow Agreement in the form of Exhibit B attached hereto (the “Escrow Agreement”) with Continental Stock Transfer & Trust Company as escrow agent (the “Escrow Agent”), and the Grantors shall deposit (or cause to be deposited) with the Escrow Agent the Option Shares, which Option Shares shall be held in escrow to support the Grantors’ obligations under the Option until disbursed in accordance with the Escrow Agreement. The Grantors shall provide evidence that they have satisfied this obligation on or prior to December 20, 2012.
Issuance of Option. By no later than January 3, 2003, DPI shall issue to Klebansky an option under DPI’s 2000 Stock Incentive Plan (the “Plan”) to purchase up to 25,000 shares of DPI’s common stock, such option to be an incentive stock option to the maximum extent permitted by federal tax statutes and regulations. The option shall vest monthly over four years with a vesting commencement date of January 3, 2003, shall have an exercise price equal to 100% of the fair market value of DPI’s common stock on the date of grant, as reasonably determined by DPI’s board of directors or a committee thereof, and shall be evidenced by DPI’s standard form Notice of Grant/Stock Option Agreement and related exhibits.
Issuance of Option. In connection with the Acquisition Agreement, the Company hereby issues a stock option to Agent or his designees to acquire a number of its shares equal to 25% of the total issued and outstanding shares as of the date of exercise. The option price shall be One Dollar. The option may be exercised, in the sole discretion of the Option holder, upon the happening of one or more of the following corporate events: 110
Issuance of Option. As a result of the Transfer and subject to the terms and conditions set forth herein, the Company hereby issues to Optionee, in replacement and substitution in part of the Original Option, an irrevocable option (the “Option”) to purchase [___] shares (the “Option Shares”) of common stock, par value $.01 per share (the “Common Stock”), of the Company at a purchase price per Option Share equal to TEN DOLLARS ($10.00), subject to adjustment as provided herein (the “Purchase Price”). Notwithstanding anything to the contrary contained herein, and except to the extent the Option represented hereby shall have been previously exercised, if at any time during the Option Period (as hereinafter defined) the Company shall exercise its right to terminate the Consulting Agreement pursuant to Section 3 thereof, such termination shall also terminate this Agreement and the Option represented hereby, and Optionee’s right to purchase Option Shares, whether or not vested, shall be terminated and of no further force and effect.
Issuance of Option. SL Industries hereby grants to Day an option (the "Option") to purchase all or any part of an aggregate of FIFTY THOUSAND (50,000) shares of common stock of SL Industries. The Option may be exercised, from time to time and in whole or in part, upon the terms and conditions set forth below.
Issuance of Option. 2.1 The Option will be registered in the name of the Trustee as required by law to qualify under Section 102, for the benefit of the Participant. Participant shall comply with the Ordinance, the Rules, and the terms and conditions of the Trust Agreement.
