Stock Option Grant Notice means the first page of this Agreement.
Stock Option Grant Notice and this Option Agreement (this “Option Agreement”), Blockchain Exchange Network, Inc. (the “Company”) has granted you an option under its 2021 Equity Incentive Plan (the “Plan”) to purchase the number of shares of the Company’s Class B Common Stock (the “Common Stock”) indicated in your Stock Option Grant Notice at the exercise price indicated in your Stock Option Grant Notice. The option is granted to you effective as of the date of grant set forth in the Stock Option Grant Notice (the “Date of Grant”). If there is any conflict between the terms in this Option Agreement and the Plan, the terms of the Plan will control. Capitalized terms not explicitly defined in this Option Agreement or in the Stock Option Grant Notice but defined in the Plan will have the same definitions as in the Plan. The details of your option, in addition to those set forth in the Stock Option Grant Notice and the Plan, are as follows:
Stock Option Grant Notice means the Stock Option Grant Notice attached to this Agreement.
Examples of Stock Option Grant Notice in a sentence
The number of shares of Common Stock subject to your option and your exercise price per share in your Stock Option Grant Notice will be adjusted for Capitalization Adjustments.
In particular, you acknowledge that this option is exempt from Section 409A of the Code only if the exercise price per share specified in the Stock Option Grant Notice is at least equal to the “fair market value” per share of the Common Stock on the Date of Grant and there is no other impermissible deferral of compensation associated with the option.
More Definitions of Stock Option Grant Notice
Stock Option Grant Notice in the Option Agreement, the Plan and the Notice of Exercise, all of which are attached hereto and incorporated herein in their entirety. Capitalized terms not explicitly defined herein but defined in the Plan or the Option Agreement will have the same definitions as in the Plan or the Option Agreement. If there is any conflict between the terms herein and the Plan, the terms of the Plan will control. Optionholder: Xxxxxxx Xxxxxxxx Date of Grant: October 20, 2017 Vesting Commencement Date: September 29, 2017 Number of Shares Subject to Option: 1,312,500 Exercise Price (Per Share): $0.29 Total Exercise Price: $380,625 Expiration Date: October 19, 2027 Type of Grant: ☐ Incentive Stock Option1 ☒ Nonstatutory Stock Option Exercise Schedule: ☒ Same as Vesting Schedule ☐ Early Exercise Permitted Vesting Schedule: 1/4th of the shares vest one year after the Vesting Commencement Date; the balance of the shares vest in a series of twelve (12) successive equal quarterly installments measured from the first anniversary of the Vesting Commencement Date. Immediately prior to (and contingent upon) a Change in Control (as defined in the Plan), all shares underlying this Option shall immediately become fully vested. Payment: By one or a combination of the following items (described in the Option Agreement): ☒ By cash, check, bank draft, wire transfer or money order payable to the Company ☒ Pursuant to a Regulation T Program if the shares are publicly traded ☒ By delivery of already-owned shares if the shares are publicly traded ☒ If and only to the extent this Option is a Nonstatutory Stock Option by a “net exercise” arrangement, provided that, notwithstanding anything to the contrary in the Plan or in this grant agreement, this option may be net exercised at the Optionholder’s election, without obtaining any express consent from the Company 1 If this is an Incentive Stock Option, it (plus other outstanding Incentive Stock Options) cannot be first exercisable for more than $100,000 in value (measured by exercise price) in any calendar year. Any excess over $100,000 is a Nonstatutory Stock Option.
Stock Option Grant Notice. (collectively the “Equity Agreements”), to purchase the number of common shares of ISL (the “Common Stock”) set forth in your Stock Option Grant Notice, all subject to the terms and conditions of the Equity Agreements. Subject to your entry into a lockup agreement in the form attached hereto as Exhibit B (the “Lockup Agreement”), the Company agrees to accelerate the vesting of part of your Option such that 71,316 shares under your Option (the “Vested Shares”) will be deemed to have vested on the Separation Date. Except as set forth above, the Vested Shares are subject to all of the terms and conditions set forth in the Equity Agreements. If there is any conflict between the terms herein and the Plan, the terms of the Plan will control. You acknowledge that, other than the Vested Shares, you have not vested in any stock, restricted stock, or stock options and are not otherwise entitled to any stock, restricted stock, stock options, or other Company equity.
Stock Option Grant Notice and this Option Agreement (this “Option Agreement”), Dermavant Sciences Ltd., f/k/a Roivant Dermatology Ltd., (the “Company”) has granted you an option under its 2016 Equity Incentive Plan (the “Plan”) to purchase the number of common shares of the Company (the “Common Stock”) indicated in your Stock Option Grant Notice at the exercise price indicated in your Stock Option Grant Notice. The option is granted to you effective as of the date of grant set forth in the Stock Option Grant Notice (the “Date of Grant”). If there is any conflict between the terms in this Option Agreement and the Plan, the terms of the Plan will control. Capitalized terms not explicitly defined in this Option Agreement or in the Stock Option Grant Notice but defined in the Plan will have the same definitions as in the Plan. The details of your option, in addition to those set forth in the Stock Option Grant Notice and the Plan, are as follows: