Common use of Grant of the Option Clause in Contracts

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 Common Shares as indicated in the grant summary in the Freescale equity recordkeeping system (each a “Share” and collectively, the “Shares”). The purchase price of the Shares subject to the Option shall be at the price indicated in the grant summary in the Freescale equity recordkeeping system (the “Exercise 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 Code.

Appears in 7 contracts

Samples: Form Nonqualified Stock Option Agreement (Freescale Semiconductor, Ltd.), Omnibus Incentive Plan (Freescale Semiconductor, Ltd.), Form Nonqualified Stock Option Agreement (Freescale Semiconductor, Ltd.)

AutoNDA by SimpleDocs

Grant of the Option. The Company hereby grants to the Participant Executive the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of Common Shares as indicated in the grant summary in the Freescale equity recordkeeping system (each a “Share” and collectively, the “Shares”). The purchase price of the Shares subject to the Option shall be at the price indicated in the grant summary in the Freescale equity recordkeeping system (the “Exercise 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 Code.

Appears in 6 contracts

Samples: Omnibus Incentive Plan (Freescale Semiconductor, Ltd.), Form Nonqualified Stock Option Agreement (Freescale Semiconductor, Ltd.), Form Nonqualified Stock Option Agreement (Freescale Semiconductor, Ltd.)

Grant of the Option. The Company hereby grants (subject to the Participant's execution of the Investors Agreement) 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 number of shares of Common Shares Stock (each a "Share" and collectively, the "Shares") as indicated in the grant summary in the Freescale equity recordkeeping system (each a “Share” and collectively, the “Shares”)system. The purchase price of the Shares subject to the Option shall be at the price indicated in the grant summary in the Freescale equity recordkeeping system $1.24 per Share (the “Exercise "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 Code. The Option is granted to the Participant in substitution for the Prior Award (which Prior Award is hereby cancelled).

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Freescale Semiconductor, Ltd.)

Grant of the Option. The Company hereby grants (subject to the Participant's execution of the Investors Agreement) 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 number of shares of Common Shares Stock (each a "Share" and collectively, the "Shares") as indicated in the grant summary in the Freescale equity recordkeeping system (each a “Share” and collectively, the “Shares”)system. The purchase price of the Shares subject to the Option shall be at the price indicated in the grant summary in the Freescale equity recordkeeping system $1.24 per Share (the “Exercise "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 Code. The Option is granted to the Participant in substitution for the Prior Option (which Prior Option is hereby cancelled).

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Freescale Semiconductor, Ltd.)

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 Common number of Shares as indicated communicated separately to the Participant in the grant summary notice accompanying this Agreement (the “Option Notice”), subject to adjustment as set forth in the Freescale equity recordkeeping system (each a “Share” and collectively, the “Shares”)Plan. The purchase price per Share of the Shares subject to the Option shall be at $8.00 per Share, which was determined by the price indicated in Board as the grant summary in Fair Market Value of the Freescale equity recordkeeping system Shares as of the Grant Date (the “Exercise 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 CodeInternal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: October 2014 Nonqualified Stock Option Agreement (Toys R Us Inc)

AutoNDA by SimpleDocs

Grant of the Option. The Company hereby grants (subject to the Participant’s execution of the Investors Agreement) 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 number of shares of Common Shares as indicated in the grant summary in the Freescale equity recordkeeping system Stock (each a “Share” and collectively, the “Shares”)) as indicated in the grant summary in the Freescale equity recordkeeping system. The purchase price of the Shares subject to the Option shall be at the price indicated in the grant summary in the Freescale equity recordkeeping system $1.24 per Share (the “Exercise 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 Code. The Option is granted to the Participant in substitution for the Prior Option (which Prior Option is hereby cancelled).

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Freescale Semiconductor Holdings I, Ltd.)

Grant of the Option. The Company hereby grants (subject to the Participant’s execution of the Investors Agreement) 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 number of shares of Common Shares as indicated in the grant summary in the Freescale equity recordkeeping system Stock (each a “Share” and collectively, the “Shares”)) as indicated in the grant summary in the Freescale equity recordkeeping system. The purchase price of the Shares subject to the Option shall be at the price indicated in the grant summary in the Freescale equity recordkeeping system $1.24 per Share (the “Exercise 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 Code. The Option is granted to the Participant in substitution for the Prior Award (which Prior Award is hereby cancelled).

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Freescale Semiconductor Holdings I, Ltd.)

Time is Money Join Law Insider Premium to draft better contracts faster.