Grant of Option Clause Example with 4 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. This certificate evidences an incentive stock option (this “Stock Option”) granted by GigPeak, Inc., a Delaware corporation (the “Company”), to you, an employee of the Company or its subsidiaries (the “Participant”) pursuant to the Company's 2008 Equity Incentive Plan (as from time to time in effect, the “Plan”). Under this Stock Option, the Participant may purchase, in whole or in part, on the terms herein provided, shares of common stock of the Company (the “Shares”) at a price which are not l...ess than the fair market value of the Shares on the date of grant of this Stock Option. The latest date on which this Stock Option, or any part thereof, may be exercised ten years from the date of grant (the “Final Exercise Date”). The Stock Option evidenced by this certificate is intended to be an incentive stock option as defined in section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). Unless otherwise defined in this Stock Option, the terms used in this Stock Option shall have the meaning defined in the Plan. This Stock Option is exercisable as per cumulative installments prior to the final exercise date, as noted under the Grant Summary Table. Notwithstanding the foregoing, upon termination of the Participant's Employment, any portion of this Stock Option that is not then exercisable will immediately expire and the remainder of this Stock Option will remain exercisable for three months (unless termination of the Participant’s Employment resulted from reasons that in the determination of the Administrator cast such discredit on the Participant as to justify immediate forfeiture of this Stock Option, in which case this entire Option shall immediately expire and no portion thereof shall remain exercisable); provided, that any portion of this Stock Option held by the Participant immediately prior to the Participant's death, to the extent then exercisable, will remain exercisable for one year following the Participant's death; and further provided, that in no event shall any portion of this Stock Option be exercisable after the Final Exercise Date.View More
Variations of a "Grant of Option" Clause from Business Contracts
Grant of Option. This certificate evidences an incentive a nonstatutory stock option (this “Stock Option”) granted by GigPeak, Inc., a Delaware corporation (the “Company”), to you, an employee of the Company or its subsidiaries you (the “Participant”) "Participant") pursuant to the Company's 2008 Equity Incentive Plan (as from time to time in effect, the “Plan”). "Plan"). Under this Stock Option, the Participant may purchase, in whole or in part, on the terms herein provided, shares of common stock of the Compan...y (the “Shares”) "Shares") at a price which are not less than the fair market value of the Shares on the date of grant of this Stock Option. Option.. The latest date on which this Stock Option, or any part thereof, may be exercised ten years from the date of grant (the “Final "Final Exercise Date”). Date"). The Stock Option evidenced by this certificate is intended to be be, and is hereby designated, a nonstatutory option, that is, an option that does not qualify as an incentive stock option as defined in section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). "Code"). Unless otherwise defined in this Stock Option, the terms used in this Stock Option shall have the meaning defined in the Plan. This Stock Option is exercisable as per cumulative installments prior to the final exercise date, as noted under the Grant Summary Table. Notwithstanding the foregoing, upon termination of the Participant's Employment, any portion of this Stock Option that is not then exercisable will immediately promptly expire and the remainder of this Stock Option will remain exercisable for three months (unless termination of the Participant’s Employment resulted from reasons that in the determination of the Administrator cast such discredit on the Participant as to justify immediate forfeiture of this Stock Option, in which case this entire Option shall immediately expire and no portion thereof shall remain exercisable); months; provided, that any portion of this Stock Option held by the Participant immediately prior to the Participant's death, to the extent then exercisable, will remain exercisable for one year following the Participant's death; and further provided, that in no event shall any portion of this Stock Option be exercisable after the Final Exercise Date. View More
Grant of Option. This certificate evidences an incentive stock option (this “Stock Option”) granted by GigPeak, Galena Biopharma, Inc., a Delaware corporation (the “Company”), [MMDD, YYYY] (the “Date of Grant”) to you, , an employee of the Company or its subsidiaries (the “Participant”) pursuant to the Company's 2008 Equity Company’s 2016 Incentive Plan (as from time to time in effect, the “Plan”). Under this Stock Option, the Participant may purchase, in whole or in part, on the terms herein provided, a total o...f shares of common stock of the Company (the “Shares”) at a price $ per Share, which are is not less than the fair market value of the Shares on the date Date of grant of this Stock Option. Grant. The latest date on which this Stock Option, or any part thereof, may be exercised ten years from the date of grant is [MMDD, YYYY] (the “Final Exercise Date”). The Stock Option evidenced by this certificate is intended to be an incentive stock option as defined in section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). Unless otherwise defined in this Stock Option, the terms used in this • This Stock Option shall have the meaning defined vest and become exercisable in the Plan. This Stock Option is exercisable as per cumulative equal installments prior to the final exercise date, as noted under over years beginning months after the Grant Summary Table. Date. Notwithstanding the foregoing, upon termination of the Participant's Participant’s Employment, any portion of this Stock Option that is not then exercisable will immediately expire and the remainder of this Stock Option will remain exercisable for three months (unless termination of the Participant’s Employment resulted from reasons that in the determination of the Administrator cast such discredit on the Participant as to justify immediate forfeiture of this Stock Option, in which case this entire Option shall immediately expire and no portion thereof shall remain exercisable); provided, that any portion of this Stock Option held by the Participant immediately prior to the Participant's Participant’s death, to the extent then exercisable, will remain exercisable for one year following the Participant's Participant’s death; and further provided, that in no event shall any portion of this Stock Option be exercisable after the Final Exercise Date. View More
Grant of Option. This certificate evidences an agreement, together with the Notice of Grant of Stock Options to which this agreement is attached (collectively, this “Option Agreement” or this “Stock Option”) governs the incentive stock option (this “Stock Option”) granted by GigPeak, EPIRUS Biopharmaceuticals, Inc., a Delaware corporation (the “Company”), on the date listed on the Notice of Grant of Stock Options (the “Grant Date”) to you, an the employee of the Company or its subsidiaries listed on the Notice o...f Grant of Stock Options (the “Participant”) pursuant to the Company's 2008 Equity CombinatoRx, Incorporated Amended and Restated 2004 Incentive Plan (as amended from time to time in effect, time, the “Plan”). Under this Stock Option, the Participant may purchase, in whole or in part, on the terms herein provided, such number of shares of common stock of the Company listed on the Notice of Grant of Stock Options (the “Shares”) at a such price per Share listed on the Notice of Grant of Stock Options, which are is not less than the fair market value of the Shares per Share on the date of grant of this Stock Option. The latest date on which this Stock Option, or any part thereof, may be exercised ten years from is the date tenth anniversary of grant the Grant Date (the “Final Exercise Date”). The This Stock Option evidenced by this certificate is intended to be an incentive stock option as defined in section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). Unless otherwise defined in this Stock Option, the terms used in this Stock Option shall have the meaning defined in the Plan. This Stock Option is exercisable as per in cumulative installments prior to the final exercise date, as noted under Final Exercise Date. The Shares subject to this Stock Option shall vest according to the vesting schedule listed on the Notice of Grant Summary Table. of Stock Options. Notwithstanding the foregoing, upon termination of the Participant's Participant’s Employment, any portion of this Stock Option that is not then exercisable will immediately expire and the remainder of this Stock Option will remain exercisable for three months (unless termination of the Participant’s Employment resulted from reasons that in the determination of the Administrator cast such discredit on the Participant as to justify immediate forfeiture of this Stock Option, in which case this entire Stock Option shall immediately expire and no portion thereof shall remain exercisable); provided, PROVIDED, that any portion of this Stock Option held by the Participant immediately prior to the Participant's Participant’s death, to the extent then exercisable, will remain exercisable for one year following the Participant's Participant’s death; and further provided, AND FURTHER PROVIDED, that in no event shall any portion of this Stock Option be exercisable after the Final Exercise Date. View More
Grant of Option. This certificate evidences an incentive agreement, together with the Notice of Grant of Stock Options to which this agreement is attached (collectively, this “Option Agreement” or this “Stock Option”) governs the nonstatutory stock option (this “Stock Option”) granted by GigPeak, EPIRUS Biopharmaceuticals, Inc., a Delaware corporation (the “Company”), on the date listed on the Notice of Grant of Stock Options (the “Grant Date”) to you, an the employee of the Company or its subsidiaries listed on... the Notice of Grant of Stock Options (the “Participant”) pursuant to the Company's 2008 Equity CombinatoRx, Incorporated Amended and Restated 2004 Incentive Plan (as amended from time to time in effect, time, the “Plan”). Under this Stock Option, the Participant may purchase, in whole or in part, on the terms herein provided, such number of shares of common stock of the Company listed on the Notice of Grant of Stock Options (the “Shares”) at a such price per Share listed on the Notice of Grant of Stock Options, which are is not less than the fair market value of the Shares per Share on the date of grant of this Stock Option. The latest date on which this Stock Option, or any part thereof, may be exercised ten years from is the date tenth anniversary of grant the Grant Date (the “Final Exercise Date”). The This Stock Option evidenced by this certificate is intended to be be, and is hereby designated, a nonstatutory option, that is, an option that does NOT qualify as an incentive stock option as defined in section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). Unless otherwise defined in this Stock Option, the terms used in this Stock Option shall have the meaning defined in the Plan. This Stock Option is exercisable as per in cumulative installments prior to the final exercise date, as noted under Final Exercise Date. The Shares subject to this Stock Option shall vest according to the vesting schedule listed on the Notice of Grant Summary Table. of Stock Options. Notwithstanding the foregoing, upon termination of the Participant's Participant’s Employment, any portion of this Stock Option that is not then exercisable will immediately expire and the remainder of this Stock Option will remain exercisable for three months (unless termination of the Participant’s Employment resulted from reasons that in the determination of the Administrator cast such discredit on the Participant as to justify immediate forfeiture of this Stock Option, in which case this entire Stock Option shall immediately expire and no portion thereof shall remain exercisable); provided, PROVIDED, that any portion of this Stock Option held by the Participant immediately prior to the Participant's Participant’s death, to the extent then exercisable, will remain exercisable for one year following the Participant's Participant’s death; and further provided, AND FURTHER PROVIDED, that in no event shall any portion of this Stock Option be exercisable after the Final Exercise Date. View More
