Grant of Option Clause Example with 77 Variations from Business Contracts
This page contains Grant of Option clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Grant of Option. The Administrator of the Company hereby grants to the Participant named in the Notice of Stock Option Grant in Part I of this Agreement ("Participant"), an option (the "Option") to purchase the number of Shares set forth in the Notice of Stock Option Grant, at the exercise price per Share set forth in the Notice of Stock Option Grant (the "Exercise Price"), and subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to the Plan, in the event of a confl...ict between the terms and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Stock Option Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code. Nevertheless, to the extent that it exceeds the $100,000 rule of Code Section 422(d), this Option shall be treated as a Nonstatutory Stock Option ("NSO"). Further, if for any reason this Option (or portion thereof) shall not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a NSO granted under the Plan. In no event shall the Administrator, the Company or any Parent or Subsidiary or any of their respective employees or directors have any liability to Participant (or any other person) due to the failure of the Option to qualify for any reason as an ISO.View More
Variations of a "Grant of Option" Clause from Business Contracts
Grant of Option. The Plan Administrator of the Company hereby grants to the Participant Optionee named in the Notice of Stock Option Grant in Part I of this Agreement ("Participant"), (the "Optionee"), an option (the "Option") to purchase the number of Shares shares set forth in the Notice of Stock Option Grant, at the exercise price per Share set forth in the Notice of Stock Option Grant (the "Exercise Price"), and subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subje...ct to Section 14(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Stock Option Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code. Nevertheless, to the extent that it exceeds the $100,000 one hundred thousand dollar ($100,000) rule of Code Section 422(d), this Option shall be treated as a Nonstatutory Stock Option ("NSO"). Further, if for any reason this Option (or portion thereof) shall not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a NSO granted under the Plan. In no event shall the Administrator, the Company or any Parent or Subsidiary or any of their respective employees or directors have any liability to Participant (or any other person) due to the failure of the Option to qualify for any reason as an ISO.View More
Grant of Option. The Administrator of the Company hereby grants to the Participant named in the Notice of Stock Option Grant in Part I of this Agreement ("Participant"), an option (the "Option") to purchase the number of Shares set forth in the Notice of Stock Option Grant, at the exercise price per Share set forth in the Notice of Stock Option Grant (the "Exercise Price"), and subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 19(c) of the Plan, in the... event of a conflict between the terms and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan this Agreement shall prevail. If designated in the Notice of Stock Option Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code. Nevertheless, to the extent that it exceeds the $100,000 rule of Code Section 422(d), this Option shall be treated as a Nonstatutory Stock Option ("NSO"). Further, if for any reason this Option (or portion thereof) shall not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a NSO granted under the Plan. In no event shall the Administrator, the Company or any Parent or Subsidiary or any of their respective employees or directors have any liability to Participant (or any other person) due to the failure of the Option to qualify for any reason as an ISO.View More
Grant of Option. The Administrator of the Company hereby grants to the Participant Optionee named in the Notice of Stock Option Grant in Part I of this Agreement ("Participant"), provided to said Optionee herewith (the "Optionee") an option (the "Option") to purchase the number of Shares shares of Stock ("Shares") as set forth in the Notice of Stock Option Grant, at the exercise price per Share share set forth in the Notice of Stock Option Grant (the "Exercise Price"), and subject to the terms and conditions of ...the Plan, which is incorporated herein by reference. Subject to the Plan, in In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Stock Option Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option as defined in under Section 422 of the Code. Nevertheless, However, if this Option is intended to be an Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code Section 422(d), this Option 422(d) it shall be treated as a Nonstatutory Stock Option ("NSO"). Further, if for any reason this Option (or portion thereof) shall not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a NSO granted under the Plan. In no event shall the Administrator, the Company or any Parent or Subsidiary or any of their respective employees or directors have any liability to Participant (or any other person) due to the failure of the Option to qualify for any reason as an ISO.View More
Grant of Option. The Administrator of the Company hereby grants to the Participant named in the Notice of Stock Option Grant in Part I of this Agreement ("Participant"), an option (the "Option") to purchase ("Participant") the number of Shares options (the "Options"), as set forth in the Notice of Stock Option Grant, at the applicable exercise price per Share set forth in the Notice of Stock Option Grant (the "Exercise Price"), and effective as of the applicable Date of Grant set forth in the Notice of Grant, su...bject to all of the terms and conditions of in this Agreement and the Plan, which is are incorporated herein by reference. Subject to the Plan, in In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall will prevail. Notwithstanding the foregoing, in the event the Company enters into a definitive agreement for a transaction that, if consummated, would constitute a Change in Control, from and after public announcement of such transaction, the Administrator may, in its sole discretion, accelerate the Date of Grant of the Deferred Grant (as defined in the Notice of Grant). If designated in the Notice of Stock Option Grant as an Incentive Stock Option ("ISO"), this ("ISO") for a U.S. taxpayer, each Option is intended to qualify as an Incentive Stock Option as defined in ISO under Section 422 of the Code. Nevertheless, U.S. Internal Revenue Code of 1986, as amended (the "Code"). However, if either Option is intended to be an ISO, to the extent that it such Option exceeds the $100,000 US$100,000 rule of Section 422(d) of the Code Section 422(d), this Option shall it will be treated as a Nonstatutory Stock Option ("NSO"). Further, if for any reason this Option the Options (or portion thereof) shall will not qualify as an ISO, then, to the extent of such nonqualification, such Option Options (or portion thereof) shall be regarded as a NSO granted under the Plan. In no event shall will the Administrator, the Company or any Parent or Subsidiary of the Company or any of their respective employees or directors have any liability to Participant (or any other person) due to the failure of the Option Options to qualify for any reason as an ISO. ISOs. View More
Grant of Option. The Administrator of the Company hereby grants to the Participant named in the Notice of Stock Option Grant in Part I of this Agreement ("Participant"), an option (the "Option") to purchase the number of Shares set forth in the Notice of Stock Option Grant, at the exercise price per Share set forth in the Notice of Stock Option Grant (the "Exercise Price"), and subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 19(c) of the Plan, in the... event of a conflict between the terms and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Stock Option Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code. Nevertheless, to the extent that it exceeds the $100,000 rule of Code Section 422(d), this Option shall be treated as a Nonstatutory Stock Option ("NSO"). Further, if for any reason this Option (or portion thereof) shall not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a NSO granted under the Plan. In no event shall the Administrator, the Company or any Parent or Subsidiary or any of their respective employees or directors have any liability to Participant (or any other person) due to the failure of the Option to qualify for any reason as an ISO. 2 2. Exercise of Option. (a) Right to Exercise. This Option shall be exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement. (b) Method of Exercise. This Option shall be exercisable by delivery of an exercise notice in the form attached as Exhibit A (the "Exercise Notice") or in a manner and pursuant to such procedures as the Administrator may determine, which shall state the election to exercise the Option, the number of Shares with respect to which the Option is being exercised (the "Exercised Shares"), and such other representations and agreements as may be required by the Company. The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares, together with any applicable tax withholding. This Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by payment of the aggregate Exercise Price, together with any applicable tax withholding. No Shares shall be issued pursuant to the exercise of an Option unless such issuance and such exercise comply with Applicable Laws. Assuming such compliance, for income tax purposes the Shares shall be considered transferred to Participant on the date on which the Option is exercised with respect to such Shares. View More
Grant of Option. The Plan Administrator of the Company hereby grants to the Participant Optionee named in Section I above (the "Optionee") in the Notice of Stock Option Grant in Part I (the "Notice of this Agreement ("Participant"), Grant"). an option (the "Option") to purchase the number of Shares set forth in the Notice of Stock Option Grant, at the exercise price per Share set forth in the Notice of Stock Option Grant (the "Exercise Price"), and subject to the terms and conditions of the Plan, which is incorp...orated herein by reference. Subject to subsection 16.3 of the Plan, in the event of a conflict between the terms and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Stock Option Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code. Nevertheless, to the extent that it exceeds the $100,000 rule Option fails to meet the requirements of an ISO under Code Section 422(d), 422, this Option shall be treated as a Nonstatutory Stock Option ("NSO"). Further, if for any reason this Option (or portion thereof) shall not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a NSO granted under the Plan. In no event shall the Administrator, the Company or any Parent or Subsidiary or any of their respective employees or directors have any liability to Participant (or any other person) due to the failure of the Option to qualify for any reason as an ISO.View More
Grant of Option. (a) The Administrator of the Company hereby grants to the Participant individual ("Participant") named in the Notice of Stock Option Grant in Part I of this Option Agreement ("Participant"), (the "Notice of Grant") an option (the "Option") to purchase the number of Shares set forth in the Notice of Stock Option Grant, at the exercise price per Share set forth in the Notice of Stock Option Grant (the "Exercise Price"), and subject to all of the terms and conditions of in this Option Agreement, in...cluding any country-specific provisions set forth in Exhibit C, and the Plan, which is incorporated herein by this reference. Subject to Section 19(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, including any country-specific provisions set forth in Exhibit C, the terms and conditions of the Plan shall will prevail. (b) For U.S. taxpayers, the Option will be designated as either an Incentive Stock Option ("ISO") or a Nonstatutory Stock Option ("NSO"). If designated in the Notice of Stock Option Grant as an Incentive Stock Option ("ISO"), ISO, this Option is intended to qualify as an Incentive Stock Option as defined in ISO under Section 422 of the Code. Nevertheless, Internal Revenue Code of 1986, as amended (the "Code"). However, if this Option is intended to be an ISO, to the extent that it exceeds the $100,000 rule of Code Section 422(d), this Option shall 422(d) it will be treated as a Nonstatutory Stock Option ("NSO"). an NSO. Further, if for any reason this Option (or portion thereof) shall will not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a NSO granted under the Plan. In no event shall will the Administrator, the Company or any Parent or Subsidiary or any of their respective employees or directors have any liability to Participant (or any other person) due to the failure of the Option to qualify for any reason as an ISO. (c) For non-U.S. taxpayers, the Option will be designated as an NSO. View More
Grant of Option. The Administrator of the Company hereby grants to the Participant named in the Notice of Stock Option Grant in Part I of this Agreement ("Participant"), an option (the "Option") Options to purchase the number of Shares Shares, as set forth in the Notice of Stock Option Grant, Grant Notice, at the exercise price per Share set forth in the Grant Notice of Stock Option Grant (the "Exercise "Option Price"), and subject to all of the terms and conditions of in the Grant Notice, this Agreement and the... Plan, which is incorporated herein by reference. Subject to the Plan, in the event of a conflict between the terms and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Stock Option Grant above as an Incentive Stock Option ("ISO"), this Option is the Options are intended to qualify as an Incentive Stock Option as defined in ISO under Section 422 of the Code. Nevertheless, Internal Revenue Code of 1986, as amended (the "Code"). However, if the Options are intended to be an ISO, to the extent that it exceeds they exceed the $100,000 rule of Code Section 422(d), this Option shall 422(d) they will be treated as a Nonstatutory Nonqualified Stock Option ("NSO"). Further, if for any reason this Option the Options (or portion thereof) shall will not qualify as an ISO, then, to the extent of such nonqualification, such Option Options (or portion thereof) shall be regarded as a an NSO granted under the Plan. In no event shall will the Administrator, Committee, the Company or any Parent or Subsidiary Affiliate or any of their respective employees or directors have any liability to the Participant (or any other person) due to the failure of the Option Options to qualify for any reason as an ISO. View More
Grant of Option. (a) The Plan Administrator of the Company hereby grants to the Participant Optionee named in the Notice of Stock Option Grant in Part I of this Option Agreement ("Participant"), ("Optionee"), an option (the (this "Option") to purchase the number of Shares set forth in the Notice of Stock Option Grant, at the exercise price per Share set forth in the Notice of Stock Option Grant (the "Exercise Price"), and subject to the terms and conditions of the Plan, which is incorporated herein by reference.... Subject to Section 15(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan shall prevail. (b) If designated in the Notice of Stock Option Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code. Nevertheless, to the extent that it exceeds the $100,000 rule of Code Section 422(d), 422(d) of the Code, this Option shall be treated as a Nonstatutory Stock Option ("NSO"). Further, if for any reason this Option (or portion thereof) shall not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a NSO granted under the Plan. In no event shall the Administrator, the Company or any Parent or Subsidiary or any of their respective employees or directors have any liability to Participant (or any other person) due to the failure of the Option to qualify for any reason as an ISO.View More
Grant of Option. The Administrator Board of the Company hereby Directors grants to the Participant Optionee named in the Notice of Stock Option Grant in Part I of this Agreement ("Participant"), Option Agreement, an option (the "Option") Option to purchase the number of Shares set forth in the Notice of Stock Option Grant, at the exercise price per Share set forth in the Notice of Stock Option Grant (the "Exercise Price"), and subject to the terms and conditions of the Plan, which is incorporated herein by refer...ence. Subject to the Plan, in In the event of a conflict between the terms and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Stock Option Grant as an Incentive Stock Option ("ISO"), Option, this Option is intended to qualify as an Incentive Stock Option as defined in Section Code section 422. of the Code. Nevertheless, to the extent that it exceeds the $100,000 rule of Code Section section 422(d), this Option shall will be treated as a Nonstatutory Nonstatutory/Non-Qualified Stock Option ("NSO"). Further, if for any reason this Option (or portion thereof) shall not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a NSO granted under the Plan. In no event shall the Administrator, the Company or any Parent or Subsidiary or any of their respective employees or directors have any liability to Participant (or any other person) due to the failure of the Option to qualify for any reason as an ISO. Option. View More
