Grant of Option Clause Example from Business Contracts

Grant of Option. Each Option granted to the Participant pursuant to the Grant Notice represents the right to purchase one share of Common Stock at an Exercise Price per share as provided in the Grant Notice. The Company may make one or more additional grants of Options to the Participant under this Option Agreement by providing the Participant with a new Grant Notice, which may also include any terms and conditions differing from this Option Agreement to the extent provided therein. The Company reserves all righ...ts with respect to the granting of additional Options hereunder and makes no implied promise to grant additional Options. View More