Grant and Terms of Options Sample Clauses

Grant and Terms of Options. ROA hereby grants to the Employee, -------------------------- under the terms and conditions described in subsections (i) and (ii) below, certain incentive options to purchase an aggregate of Seven Hundred (700) shares of Class A Common Stock of ROA, together with any securities which may be issued with respect thereto or in substitution therefor (the "ROA Common Stock"). The shares of the ROA Common Stock purchasable under the options described below are referred to as the "Option Shares" and the price payable for each ROA Option Share shall be One Dollar ($1.00) (the "Per Share Option Price"). All options granted hereunder, vested or unvested, not previously exercised (i) shall expire and be forfeited in the event Employee shall cease to be an Employee of the Corporation, and (ii) if not exercised or deemed exercised in connection with an ROA Sale, shall expire upon the consummation of the first ROA Sale occurring after the date hereof. "ROA Sale" shall mean a transaction with one or more independent third parties pursuant to which such party or parties (A) acquire, whether by merger, consolidation or transfer or issuance of capital stock, capital stock of ROA (or any surviving or resulting corporation) possessing the voting power to elect a majority of the board of directors of ROA (or such surviving or resulting corporation) or (B) acquire all or substantially all of ROA's assets determined on a consolidated basis.
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Grant and Terms of Options 
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Related to Grant and Terms of Options

  • Terms of Option The Option granted hereunder shall be exercisable from time to time by the Optionee by the giving of written notice of exercise to the Company in advance of an exercise date hereinafter set forth, specifying the number of shares to be purchased, and by payment of the purchase price therefore by either (i) cash or certified or cashier's bank check to the order of the Company, or (ii) shares of stock of the Company having a fair market value equal to the purchase price on the exercise date, subject, however, to the following restrictions:

  • Grant and Term 4 Section 1.1 Leased Premises....................................................................4 Section 1.2 Term...............................................................................5 Section 1.3 Opening............................................................................6 Section 1.4

  • Terms of Grant The Participant hereby accepts the offer of the Company to issue to the Participant, in accordance with the terms of the Plan and this Agreement, ( ) Shares of the Company’s Common Stock (such shares, subject to adjustment pursuant to Section 24 of the Plan and Subsection 2.1(h) hereof, the “Granted Shares”) at a purchase price per share of $.01 (the “Purchase Price”), receipt of which is hereby acknowledged by the Participant’s prior service to the Company and which amount will be reported as income on the Participant’s W-2 for this calendar year(1).

  • Notice and Terms of Optional Prepayment The Borrower shall notify the Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, Houston time, three Business Days before the date of prepayment, or (ii) in the case of prepayment of an ABR Borrowing, not later than 12:00 noon, Houston time, one Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02.

  • Additional Terms and Conditions of Award (a) Non-

  • Terms and Conditions of Options The Options evidenced hereby are subject to the following terms and conditions:

  • Exercisability and Term Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

  • Terms of Award The following terms used in this Agreement shall have the meanings set forth in this paragraph 1:

  • Terms and Conditions of Option The Option evidenced by this Agreement is subject to the following terms and conditions, as well as the terms and conditions of Section 3 hereof.

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