Grant of Option Clause Example from Business Contracts

This example Grant of Option clause appears in 6 contracts from 3 companies

Grant of Option. The Company hereby grants to the Participant named in the Notice of Stock Option Grant ("Notice of Grant") attached as Part I of this Award Agreement (the "Participant") an option (the "Option") to purchase the number of Shares, as set forth in the Notice of Grant, at the exercise price per Share set forth in the Notice of Grant (the "Exercise Price"), subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by reference. Subject to Section 20... of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Award Agreement, the terms and conditions of the Plan will prevail. If designated in the Notice of Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an ISO under Section 422 of the 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) it will be treated as a Nonstatutory Stock Option ("NSO"). Further, if for any reason this Option (or portion thereof) 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 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. View More
Found in Odyssey Semiconductor Technologies, Inc. contract
Odyssey Semiconductor Technologies, Inc. Contracts

Form of Odyssey Semiconductor Technologies, Inc. Stock Option Agreement (Employee) (Filed With SEC on November 15, 2019)

Form of Odyssey Semiconductor Technologies, Inc. Stock Option Agreement (Director) (Filed With SEC on November 15, 2019)

Form of Odyssey Semiconductor Technologies, Inc. Option Agreement pursuant to Amended and Restated 2019 Equity Compensation Plan (Filed With SEC on May 29, 2020)

GrowGeneration Corp. Contracts

Form of GrowGeneration Corp. Stock Option Agreement in connection with the Amended and Restated 2018 Equity Incentive Plan (Filed With SEC on March 27, 2020)

Form of GrowGeneration Corp. Stock Option Agreement in connection with the 2018 Equity Incentive Plan (Filed With SEC on March 27, 2018)

FMC GlobalSat Holdings, Inc. Contracts

Form of FMC GlobalSat Holdings, Inc. Stock Option Agreement (Filed With SEC on May 14, 2018)