Grant of Option Clause Example from Business Contracts

Grant of Option. This agreement (the "Agreement") evidences the grant by Endurance International Group Holdings, Inc., a Delaware corporation (the "Company"), on [ ], 20[ ] (the "Grant Date") to [ ] (the "Participant") of an option to purchase, in whole or in part, on the terms provided herein and in the Constant Contact, Inc. Second Amended and Restated 2011 Stock Incentive Plan (the "Plan"), a total of [ ] shares (the "Shares") of common stock, $0.0001 par value per share, of the Company ("Common Stock") at $[... ] per Share. Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern time, on [ ] (the "Final Exercise Date"). It is intended that the option evidenced by this Agreement shall be an incentive stock option as defined in Section 422 of the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the "Code"), to the fullest extent permitted thereby. In the event any or all of this option shall not qualify as an incentive stock option, the portion that is not so qualified shall be deemed a non-incentive stock option. Except as otherwise indicated by the context, the term "Participant", as used in this option, shall be deemed to include any person who acquires the right to exercise this option validly under its terms. View More