Grant of the Call Option Sample Clauses

Grant of the Call Option. 1.1. The Existing Shareholders hereby individually and jointly agree to irrevocably grant to the WFOE an exclusive Call Option without any additional conditions. In accordance with the such Call Option, the WFOE has the right, to the extent permitted by the PRC laws, to require the Existing Shareholders transfer the Call Option to the WFOE or any other entity or person designated by the WFOE according to the terms and conditions stipulated in this Agreement. The WFOE also agrees to accept the Call Option. The Existing Shareholders shall unconditionally give up all the priority rights under the PRC laws and the Company’s articles of association in the exercise of the right to purchase shares in the WFOE and (or) its designated person, and give all the necessary cooperation to the implementation of the call option. No third person other than the WFOE and its designated person shall enjoy the call option.
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Grant of the Call Option. Pursuant to the Agreement, the Grantor shall grant the Call Option to the Grantee, pursuant to which the Grantee shall be entitled to purchase at any time all (but not part of) the Option Shares from the Grantor in accordance with the terms thereof during the call option exercise period from the date of the Agreement up to 31 July 2019 (the “Call Option Exercise Period”) by giving written option exercise notice to the Grantor. The Option Shares represent 55% of the issued share capital of Brighten. The consideration of HK$550,000 (the “Call Option Price”) payable by the Grantee to the Grantor upon the exercise of the Call Option shall be settled by the Grantee to the Grantor in cash. Upon completion of the exercise of the Call Option, the Group will cease to hold any interests in Brighten Group. In the event that the Call Option is not exercised by the Grantee upon the expiration of the Call Option Exercise Period, the Minority Shareholders consent that the Grantor shall be entitled to sell the Option Shares to third parties at a price which may be up to 20% more or 20% less than the Call Option Price at the discretion of the Grantor, provided that the Grantor shall use best endeavours to procure such third party purchaser to offer a similar 6 month call option to the Grantee at the substantially similar terms to the Call Option. The Grantor and Xxxxxxxx agreed to arrange transferring certain Group employees to Brighten Group and Brighten Group agreed to take up such employees with effect from 1 February 2019. For the avoidance of doubt, all transfer costs and expenses shall be borne by Brighten Group. Notwithstanding this, as long as the Grantor remains as a shareholder of Brighten, the Grantor will continue to provide full support in its capacity as a shareholder of Brighten to Brighten Group but subject to the compliance of legal and regulation, internal control, risk assessment and supervision of the Grantor.
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Grant of the Call Option. 8.1 In consideration of the payment of £1 by 4R to BCS (receipt of which is hereby acknowledged by BCS), BCS grants to 4R an option to purchase all of the Option Shares held by it on the terms of the Call Option set out in this clause 8.
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Grant of the Call Option. Subject to the terms and conditions of this agreement, the Issuer hereby grants to the Subscriber, which hereby accepts the same from the Issuer, the unconditional and irrevocable Call Option to acquire the Option Shares against payment of the Call Option Price.
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Grant of the Call Option. Subject to the exercise of the Put Holder's Warrants pursuant to Section 2.01 hereof, the Put Holder hereby grants to the Call Holder the right, and not the obligation, to purchase the Shares upon the terms and conditions set forth in this Article V (the "Call Option"). Provided that the Share Put Option has not been previously exercised, and subject to adjustment pursuant to Section 8.03, the Call Option shall be exercisable in whole or in part by the Call Holder at any time during any of the following periods (each, a "Call Exercise Period") as follows:
Sample 1
Grant of the Call Option. 1.1. The Company hereby grants to the Foundation the right to subscribe for and acquire such number of preference shares in the capital of the Company up to a maximum of the number of preferred shares that may be issued under the authorized capital of the Company (these shares referred to as the “Shares” and the right to subscribe and acquire the Shares referred to as the "Call Option"), which Call Option the Foundation hereby accepts, all such subject to the terms and conditions of the Agreement.
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Related to Grant of the Call Option

  • Grant of Call Option The Shareholder agrees to grant the Company or the Designee(s) hereby irrevocably and without any additional conditions with a Call Option, under which the Company or the Designee(s) shall have the right to require the Shareholder to transfer the Option Equity to the Company or the Designee(s) in such method as set out herein and as permitted by PRC Law. The Company or the Designee(s) also agrees to accept such Call Option.

  • Call Option The Company shall have the option to "call" the Warrants (the "Warrant Call"), in accordance with and governed by the following:

  • Grant of Put Option Purchaser hereby grants to the Company the Option (the "Option") exercisable on or before October 5, 1995 (the 43rd day following the Effective Date) to put to the Purchaser the exercise of Purchaser's Basic Subscription Privileges and Oversubscription Privileges as hereinafter provided. Upon the exercise by the Company of the Option, the Purchaser shall, in accordance with the covenants, representations and warranties herein contained, on or prior to 5:00 p.m. New York time on October 5, 1995, exercise the Basic Subscription Privilege and the Oversubscription Privilege under Equity Rights held by the Purchaser to subscribe for, in the aggregate, not fewer than 1,972,671 shares (the "Committed Shares") of Common Stock of the Company by executing and delivering to American Stock 3 Transfer and Trust Company as agent (the "Subscription Agent") properly completed Subscription Forms, with any required signatures guaranteed, together with payment in full of the Subscription Price for each of the Committed Shares in accordance with the terms of the Equity Rights and the Plan. The Option may be exercised by the Company by sending notice in writing to Purchaser by facsimile transmission to the Purchaser's address, as initially stated in Section 9, on or before 3:00 p.m. New York time on October 5, 1995. In no event shall Purchaser be required to subscribe for more than 1,972,671 shares of Common Stock in the aggregate pursuant to its own exercise of the Equity Rights and the exercise by the Company of the Option.

  • Grant of the Option The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of Shares, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option shall be $ (the “Option Price”). The Option is intended to be a non-qualified stock option, and is not intended to be treated as an option that complies with Section 422 of the Internal Revenue Code of 1986, as amended.

  • GRANT OF THE RIGHT TO PURCHASE COMMON STOCK (a) For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, up to the number of fully paid and non-assessable shares of Common Stock (as defined below) as determined pursuant to Section 1(b) below, at a purchase price per share equal to the Exercise Price (as defined below). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

  • Grant of Option The Corporation hereby grants to Optionee, as of the Grant Date, an option to purchase up to the number of Option Shares specified in the Grant Notice. The Option Shares shall be purchasable from time to time during the option term specified in Paragraph 2 at the Exercise Price.

  • Grant of Stock Option The Company grants to Employee the right and option (hereinafter referred to as the "Option") to purchase all or any part of up to ________ shares of the Company's Common Stock (the "Option Shares") on the terms and conditions set forth below and in the Plan.

  • Call Options (a) If the Executive's employment with the Company or any of its subsidiaries terminates for any of the reasons set forth in clauses (i), (ii) or (iii) below prior to a Sale of the Company, or if the Executive engages in Competitive Activity (as defined in Section 9.1 of this Agreement), for any Units issued 181 days or more prior to the date of Executive's termination of employment or engagement in Competitive Activity, within 120 days after such date (or in the case of Units issued 180 days or less prior to such date or at any time after such date, no earlier than 181 days and no later than 271 days after the date of issuance of such Units), Dairy Holdings shall have the right and option to purchase, and the Executive and the Executive's Permitted Transferees (hereinafter referred to as the "Executive Group") shall be required to sell to Dairy Holdings, any or all of such Units then held by such member of the Executive Group (it being understood that if Units of any class subject to repurchase hereunder may be repurchased at different prices, Dairy Holdings may elect to repurchase only the portion of the Units of such class subject to repurchase hereunder at the lower price), at a price per unit equal to the applicable purchase price determined pursuant to Section 7.2(c):

  • Grant of the Award Subject to the provisions of this Award Agreement and the Plan, the Company hereby grants to the Participant, an aggregate of <# Shares>(1) restricted shares of Common Stock (the “Restricted Stock”), subject to adjustment as set forth in the Plan.

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