Common use of Option Provisions Clause in Contracts

Option Provisions. Each Option granted under this Plan will be evidenced by an Award Agreement. Each Option so granted will be subject to the conditions set forth in this Section 6, and to all other conditions not inconsistent with this Plan as may be reflected in the applicable Award Agreement. All Options will be separately designated Incentive Stock Options or Non-qualified Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased upon exercise of each type of Option. Notwithstanding the foregoing, the Company will have no liability to any Participant or any other person if an Option designated as an Incentive Stock Option fails to qualify as such at any time or if an Option is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the terms of the Option do not satisfy the requirements of Section 409A of the Code. The provisions of separate Options need not be identical, but each Option must include (through incorporation of provisions of this Plan by reference in the Option or otherwise) the substance of each of the following provisions:

Appears in 2 contracts

Samples: Employment Agreement (Evolution Development Group, Inc.), Employment Agreement (Evolution Development Group, Inc.)

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Option Provisions. Each Option granted under this the Plan will shall be evidenced by an Award Agreement. Each Option so granted will shall be subject to the conditions set forth in this Section 6, and to all such other conditions not inconsistent with this the Plan as may be reflected in the applicable Award Agreement. All Options will shall be separately designated Incentive Stock Options or Non-qualified Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased upon on exercise of each type of Option. Notwithstanding the foregoing, the Company will shall have no liability to any Participant or any other person if an Option designated as an Incentive Stock Option fails to qualify as such at any time or if an Option is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the terms of the such Option do not satisfy the requirements of Section 409A of the Code. The provisions of separate Options need not be identical, but each Option must shall include (through incorporation of provisions of this Plan hereof by reference in the Option or otherwise) the substance of each of the following provisions:

Appears in 2 contracts

Samples: Registration Rights Agreement (Monterey Capital Acquisition Corp), Agreement and Plan of Merger (Fortune Rise Acquisition Corp)

Option Provisions. Each Option granted under this the Plan will shall be evidenced by an Award Agreement. Each Option so granted will shall be subject to the conditions set forth in Section 5 and this Section 6, and to all such other conditions not inconsistent with this the Plan as may be reflected set forth in the applicable Award Agreement. All Options will shall be separately designated Incentive Stock Options or Non-qualified Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased upon on exercise of each type of Option. Notwithstanding the foregoing, the Company will shall have no liability to any Participant or any other person Person if an Option designated as an Incentive Stock Option fails to qualify as such at any time or if an Option is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the terms of the such Option do not satisfy the requirements of Section 409A of the Code. The provisions of separate Options need not be identical, but each Option must shall include (through incorporation of provisions of this Plan hereof by reference in the Option or otherwise) the substance of each of the following provisions:

Appears in 1 contract

Samples: Tax Receivable Agreement (Collier Creek Holdings)

Option Provisions. Each Option granted under this the Plan will shall be evidenced by an Award Agreement. Each Option so granted will shall be subject to the conditions set forth in this Section 6VI, and to all such other conditions not inconsistent with this the Plan as may be reflected in the applicable Award Agreement. All Options will shall be separately designated Incentive Stock Options or Non-qualified Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased upon on exercise of each type of Option. Notwithstanding the foregoing, the Company will shall have no liability to any Participant or any other person if an Option designated as an Incentive Stock Option fails to qualify as such at any time or if an Option is determined to constitute "nonqualified deferred compensation" within the meaning of Section 409A of the Code and the terms of the such Option do not satisfy the requirements of Section 409A of the Code. The provisions of separate Options need not be identical, but each Option must shall include (through incorporation of provisions of this Plan hereof by reference in the Option or otherwise) the substance of each of the following provisions:

Appears in 1 contract

Samples: Note Purchase Agreement (BioCorRx Inc.)

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Option Provisions. Each Option granted under this Plan will be evidenced by an Award Agreement. Each Option so granted will be subject to the conditions set forth in this Section 6, and to all other conditions not inconsistent 1A-6-11 with this Plan as may be reflected in the applicable Award Agreement. All Options will be separately designated Incentive Stock Share Options or Non-qualified Stock Share Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock Class C Shares purchased upon exercise of each type of Option. Notwithstanding the foregoing, the Company will have no liability to any Participant or any other person if an Option designated as an Incentive Stock Share Option fails to qualify as such at any time or if an Option is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the terms of the Option do not satisfy the requirements of Section 409A of the Code. The provisions of separate Options need not be identical, but each Option must include (through incorporation of provisions of this Plan by reference in the Option or otherwise) the substance of each of the following provisions:

Appears in 1 contract

Samples: Armed Forces Brewing Company, Inc.

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