Grant of Option Clause Example from Business Contracts

This example Grant of Option clause appears in 2 contracts from 2 companies

Grant of Option. You have been granted an Option for the number of Shares set forth in the Notice of Grant at the exercise price per Share set forth in the Notice of Grant (the "exercise price"). In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option under Sect...ion 422 of 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 shall be treated as a Nonqualified Stock Option ("NSO"). View More
Found in FITBIT INC contract
FITBIT INC Contracts

NOTICE OF STOCK OPTION GRANT FITBIT, INC. 2015 EQUITY INCENTIVE PLAN (Filed With SEC on February 9, 2016)

Aeglea BioTherapeutics, Inc. Contracts

AEGLEA BIOTHERAPEUTICS, INC. 2016 EQUITY INCENTIVE PLAN (Filed With SEC on March 28, 2016)