Grant of Option Clause Example with 21 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 Company hereby grants to Participant on the date set forth above (the "Date of Grant"), the right and option (the "Option") to purchase all or portions of an aggregate of ______________________ (_________) shares of Common Stock at a per share price of $______ on the terms and conditions set forth herein, and subject to adjustment pursuant to Section 16 of the Plan. This Option is a nonqualified stock option and will not be treated as an incentive stock option, as defined under Section 422, ...or any successor provision, of the Internal Revenue Code of 1986, as amended (the "Code"), and the regulations thereunder. View More
Found in SAJAN INC contract

Variations of a "Grant of Option" Clause from Business Contracts

Grant of Option. The This agreement (the "Agreement") evidences the grant by Rent the Runway, Inc., a Delaware corporation (the "Company"), on _______________________ (the "Grant Date") to __________________________, an employee of the Company hereby grants to Participant on the date set forth above (the "Date "Participant"), of Grant"), the right and an option (the "Option") to purchase all purchase, in whole or portions of an aggregate of ______________________ (_________) shares of Common Stock at a per share... price of $______ in part, on the terms provided herein and conditions set forth herein, and subject to adjustment pursuant to Section 16 in the Company's 2019 Stock Incentive Plan (the "Plan"), a total of ____________________ shares (the "Shares") of common stock, $0.001 par value per share, of the Plan. This 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 a nonqualified stock option and will not intended that the Option evidenced by this Agreement shall be treated as an incentive stock option, option as defined under in Section 422, or any successor provision, 422 of the Internal Revenue Code of 1986, as amended amended, and any regulations promulgated thereunder (the "Code"), "Code"). However, Participant acknowledges that, to the extent that the aggregate fair market value (determined as of the time an option is granted) of all Shares with respect to which incentive stock options (as defined in Section 422 of the Code), including, without limitation, this Option, are first exercisable for the first time by Participant in any calendar year exceeds $100,000 (or such other limitation as imposed by Section 422(d) of the Code), this Option and such other options (or the regulations thereunder. applicable portion thereof) shall be treated as not qualifying under Section 422 of the Code but rather shall be considered Nonstatutory Stock Options. Participant further acknowledges that the rule set forth in the preceding sentence shall be applied by taking "incentive stock options" into account in the order in which they were granted. 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
Found in Rent the Runway, Inc. contract