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 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 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
Grant of Option. The Administrator In consideration of the services to be rendered by Participant to the Company or any Affiliate and subject to the terms and conditions of the Plan and this Agreement, the Administrator hereby grants to the Participant named in the Notice of Stock Option Grant in Part I of this Agreement ("Participant"), an option (the (this "Option") to purchase the number of Shares set forth in the Notice of Stock Option Grant, Grant in Part I of this Agreement, at the exercise price Exercise ...Price per Share set forth in the Notice of Stock Option Grant in Part I of this Agreement (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 conflict between the terms and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan shall prevail. Price"). If designated as an ISO in the Notice of Stock Option Grant as an Incentive Stock Option ("ISO"), in Part I of this Agreement, this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code. Nevertheless, Option; provided, however, that, to the extent that it the aggregate Fair Market Value (determined at the time of grant) of the Shares with respect to which Incentive Stock Options are exercisable for the first time by Participant during any calendar year (under all plans of the Company and any Affiliate) exceeds $100,000, such Options or portions thereof that exceed such limit (according to the $100,000 rule of Code Section 422(d), this Option order in which they were granted) shall be treated as a Nonstatutory Stock Option ("NSO"). Options. Further, if for any reason this Option (or portion thereof) shall not qualify as an ISO, Incentive Stock Option, then, to the extent of such nonqualification, such this Option (or portion thereof) shall be regarded as a NSO granted under the Plan. Nonstatutory Stock Option. In no event shall the Administrator, the Company or any Parent or Subsidiary Affiliate, or any of their respective employees or directors directors, have any liability to Participant (or any other person) Person) due to the failure of the this Option (or portion thereof) to qualify for any reason as an ISO. Incentive Stock Option. 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"), 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 reference. 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 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
Grant of Option. The Administrator of the Company hereby grants to the Participant individual (the "Participant") named in the Notice of Stock Option Grant in Part I of this Award Agreement ("Participant"), (the "Notice of Grant") an option (the "Option") to purchase the number of Shares Shares, as 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 Award Agre...ement and 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 the terms and conditions of this Option Award Agreement, the terms and conditions of the Plan shall will prevail. (a) 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. (b) 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 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 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 Sectio...n 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. 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 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"), 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 reference. Subje...ct 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
Grant of Option. The Administrator of the Company hereby grants to the Participant individual (the "Participant") named in the Notice of Stock Option Grant in Part I of this Award Agreement ("Participant"), (the "Notice of Grant") an option (the "Option") to purchase the number of Shares Shares, as 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 Award Agre...ement and 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 the terms and conditions of this Option Award Agreement, the terms and conditions of the Plan shall will prevail. (a) 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. (b) 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 Option Agreement ("Participant"), (the "Notice of Grant") an option (the "Option") to purchase the number of Shares Shares, as 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 and 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 the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall will prevail. (a) 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. If the Option grant by its standard terms provides that a certain portion of the grant may not qualify as an ISO as a result of the $100,000 rule, please note that the electronic stock administration platform may bifurcate this Option grant as an ISO and NSO portion. Please be aware that both portions are part of the same Option grant. (b) 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 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 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 Sectio...n 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. 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"), 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 reference. 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
