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. 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. 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. By no later than January 3, 2003, DPI shall issue to Fine 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:
Issuance of Option. Shares The shares to be sold in the IPO as a result of an exercise by the underwriters of the over-allotment option (which may be exercised once or twice) granted pursuant to the Underwriting Documentation shall be issued as follows: (a) Credit Suisse First Boston Corporation, New York (CSFB NEW YORK), in its capacity as global coordinator for the IPO and following consultation with Xxxxxxx Xxxxx, shall inform Nestle and Alcon of its intention to exercise the over-allotment option, and of the number of shares to which the over-allotment option relates (the OPTION SHARES). (b) Upon exercise by CSFB New York of the over-allotment option, CSFB Zurich shall pay in the par value for the Option Shares, and shall deliver a subscription form to Alcon's Board of Directors, no later than 10:00 a.m. on the business day following the exercise of the over-allotment option. (c) Upon receipt of such confirmation and subscription form, the Board of Directors of Alcon shall immediately resolve, in a notarized deed of capital increase, (i) to increase Alcon's share capital out of authorized capital by issuing the Option Shares, and 4 <PAGE> (ii) to make the corresponding changes to Alcon's articles of association, and shall file such capital increase for registration with the commercial register of the Canton of Zug, Switzerland, immediately thereafter. (d) The capital increase by issuance of Option Shares shall be recorded in the commercial register of the Canton of Zug no later than 3 business days following exercise of the over-allotment option. The newly issued shares shall be delivered to CSFB Zurich, for account of the Joint Lead Managers, and shall be recorded in the share register of Alcon accordingly. It is understood and agreed that there will be no dividend payment made for the financial year 2002 on the non-voting preferred shares, whether pursuant to Section 2.3.2 or otherwise. 2.3.6
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 the Closing Date, the Company shall issue to Participant an Option to purchase the number of Shares set forth on the Participant Master Signature Page hereto at an exercise price per Share equal to the amount set forth on the Participant Master Signature Page hereto.
Issuance of Option. Upon execution of this Agreement, the --------------------- Company hereby issues Holder an option to acquire __________ shares of the Company's Common Stock at $______ per share (the Exercise Price"), subject to the terms of this Agreement (the "Option"), as well as the terms of the Company's 2008 Employees and Consultants Stock Option Plan (the "Plan"). The terms and conditions of the Plan are hereby incorporated by referenced
