Grant of Option Clause Example with 14 Variations from Business Contracts

Grant of Option. On the Enrollment Date of each Offering Period, each Eligible Employee participating Participant in such Offering Period will shall be granted an option Option to purchase on each the Exercise Date during with respect to such Offering Period (at the applicable Purchase Price) up to a number of shares of Common Stock the Shares determined by dividing such Eligible Employee's Contributions Participant's payroll deductions accumulated prior to such Exercise Date and retained in the Eligible Employe...e's Participant's account as of the Exercise Date by the applicable Purchase Price; provided provided, however, that in no event will an Eligible Employee be permitted to purchase during each Purchase Period more than 1,500 shares of Common Stock (subject to any adjustment pursuant to Section 19) and provided further that (i) such purchase will shall be subject to the limitations set forth in Sections 3(c) 3 and 13 The Eligible Employee of the Plan, and (ii) in no event may accept the grant of such option more than [one thousand (1,000)] Shares be purchased by electing to participate in the Plan in accordance with the requirements of Section 5. The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of Common Stock that an Eligible Employee may purchase any Participant during each Purchase Period of an any Offering Period. Exercise of the option will Option shall occur as provided in Section 8, 8 of the Plan, unless the Participant has withdrawn from participation pursuant to Section 10 of the Plan or otherwise becomes ineligible to participate in the Plan. The option will Option shall expire on the last day of the Offering Period. View More

Grant of Option. On the Enrollment Date of each Offering Period, each Eligible Employee participating Participant in such Offering Period will shall be granted an option to purchase on each the Exercise Date during 5 with respect to such Offering Period (at the applicable Purchase Price) up to a number of shares of Common Stock the Shares determined by dividing such Eligible Employee's Contributions Participant's payroll deductions accumulated prior to such Exercise Date and retained in the Eligible Employee's P...articipant's account as of the Exercise Date by the applicable Purchase Price; provided provided, however, that in no event will an Eligible Employee be permitted to purchase during each Purchase Period more than 1,500 shares of Common Stock (subject to any adjustment pursuant to Section 19) and provided further that (i) such purchase will shall be subject to the limitations set forth in Sections 3(c) 3 and 13 The Eligible Employee of the Plan, and (ii) in no event may accept the grant of such option more than one thousand (1,000) Shares be purchased by electing to participate in the Plan in accordance with the requirements of Section 5. The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of Common Stock that an Eligible Employee may purchase any Participant during each Purchase Period of an any Offering Period. Exercise of the option will shall occur as provided in Section 8, 8 of the Plan, unless the Participant has withdrawn from participation pursuant to Section 10 of the Plan or otherwise becomes ineligible to participate in the Plan. The option will shall expire on the last day of the Offering Period. View More

Grant of Option. On the Enrollment Date of each Offering Period, each Eligible Employee participating Participant in such Offering Period will shall be granted an option Option to purchase on each the Exercise Date during with respect to such Offering Period (at the applicable Purchase Price) up to a number of shares of Common Stock the Shares determined by dividing such Eligible Employee's Contributions Participant's payroll deductions accumulated prior to such Exercise Date and retained in the Eligible Employe...e's Participant's account as of the Exercise Date by the applicable Purchase Price; provided provided, however, that in no event will an Eligible Employee be permitted to purchase during each Purchase Period more than 1,500 shares of Common Stock (subject to any adjustment pursuant to Section 19) and provided further that (i) such purchase will shall be subject to the limitations set forth in Sections 3(c) 3 and 13 The Eligible Employee of the Plan, and (ii) in no event may accept the grant of such option more than one thousand (1,000) Shares be purchased by electing to participate in the Plan in accordance with the requirements of Section 5. The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of Common Stock that an Eligible Employee may purchase any Participant during each Purchase Period of an any Offering Period. Exercise of the option will Option shall occur as provided in Section 8, 8 of the Plan, unless the Participant has withdrawn from participation pursuant to Section 10 of the Plan or otherwise becomes ineligible to participate in the Plan. The option will Option shall expire on the last day of the Offering Period. View More

Grant of Option. On the Enrollment Date of each Offering Period, each Eligible Employee Participant participating in such Offering Period will shall be granted an option to purchase on each Exercise Date during such Offering Period (at the applicable Purchase Price) up to a number of shares of the Company's Common Stock determined by dividing such Eligible Employee's Contributions Participant's payroll deductions accumulated prior to such Exercise Date and retained in the Eligible Employee's Participant's accoun...t as of the Exercise Date by the applicable Purchase Price; provided that in no event will an Eligible Employee be permitted to purchase during each Purchase Period more than 1,500 shares of Common Stock (subject to any adjustment pursuant to Section 19) and provided further that such purchase will shall be subject to the limitations set forth in Sections 3(c) 3(b) and 13. 12. The Eligible Employee may accept the grant of such option by electing to participate in the Plan in accordance with the requirements of Section 5. The Administrator Board may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of the Company's Common Stock that an Eligible Employee a Participant may purchase during each Purchase Period of an Offering Period. Exercise of the option will shall occur as provided in Section 8, unless the Participant has withdrawn pursuant to Section 10. The option will shall expire on the last day of the Offering Period. View More

Grant of Option. On the Enrollment Date of each Offering Period, each Eligible Employee participating in such Offering Period will be granted an option to purchase on each Exercise Date during such Offering Period (at the applicable Purchase Price) up to a number of shares of Common Stock determined by dividing such Eligible Employee's Contributions accumulated prior to such Exercise Date and retained in the Eligible Employee's account as of the Exercise Date by the applicable Purchase Price; provided that in no... event will an Eligible Employee be permitted to purchase during each Purchase Offering Period more than 1,500 5,000 shares of Common Stock (subject to any adjustment pursuant to Section 19) and provided further that such purchase will be subject to the limitations set forth in Sections 3(c) 3(d) and 13. The Eligible Employee may accept the grant of such option (i) with respect to the first Offering Period by submitting a properly completed subscription agreement in accordance with the requirements of Section 5 on or before the last day of the Enrollment Window, and (ii) with respect to any subsequent Offering Period under the Plan, by electing to participate in the Plan in accordance with the requirements of Section 5. The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of Common Stock that an Eligible Employee may purchase during each Purchase Period of an Offering Period. Exercise of the option will occur as provided in Section 8, unless the Participant has withdrawn pursuant to Section 10. The option will expire on the last day of the Offering Period. 8. Exercise of Option. (a) Unless a Participant withdraws from the Plan as provided in Section 10, his or her option for the purchase of shares of Common Stock will be exercised automatically on the Exercise Date, and the maximum number of full shares subject to the option will be purchased for such Participant at the applicable Purchase Price with the accumulated Contributions from his or her account. No fractional shares of Common Stock will be purchased; any Contributions accumulated in a Participant's account, which are not sufficient to purchase a full share will be retained in the Participant's account for the subsequent Offering Period, subject to earlier withdrawal by the Participant as provided in Section 10. Any other funds left over in a Participant's account after the Exercise Date will be returned to the Participant. During a Participant's lifetime, a Participant's option to purchase shares hereunder is exercisable only by him or her. (b) If the Administrator determines that, on a given Exercise Date, the number of shares of Common Stock with respect to which options are to be exercised may exceed (i) the number of shares of Common Stock that were available for sale under the Plan on the Enrollment Date of the applicable Offering Period, or (ii) the number of shares of Common Stock available for sale under the Plan on such Exercise Date, the Administrator may in its sole discretion (x) provide that the Company will make a pro rata allocation of the shares of Common Stock available for purchase on such Enrollment Date or Exercise Date, as applicable, in as uniform a manner as will be practicable and as it will determine in its sole discretion to be equitable among all Participants exercising options to purchase Common Stock on such Exercise Date, and continue all Offering Periods then in effect or (y) provide that the Company will make a pro rata allocation of the shares available for purchase on such Enrollment Date or Exercise Date, as applicable, in as uniform a manner as will be practicable and as it will determine in its sole discretion to be equitable among all participants exercising options to purchase Common Stock on such Exercise Date, and terminate any or all Offering Periods then in effect pursuant to Section 20. The Company may make a pro rata allocation of the shares available on the Enrollment Date of any applicable Offering Period pursuant to the preceding sentence, notwithstanding any authorization of additional shares for issuance under the Plan by the Company's stockholders subsequent to such Enrollment Date. View More

Grant of Option. On the Enrollment Date of each Offering Period, each Eligible Employee participating in such Offering Period will shall be granted an option to purchase on each Exercise Date during such Offering Period (at the applicable Purchase Price) up to a number of shares of the Company's Common Stock determined by dividing such Eligible Employee's Contributions participant's payroll deductions accumulated prior to such Exercise Date and retained in the Eligible Employee's participant's account as of the ...Exercise Date by the applicable Purchase Price; provided provided, however, that in no event will an Eligible Employee shall a participant be permitted to purchase during each Purchase Period more than 1,500 2,500 shares of the Company's Common Stock (subject to any adjustment pursuant to Section 19) 19 hereof) (for the avoidance of doubt, in the event that the Offering Period and provided further Purchase Period are approximately the same length, the participant shall only be entitled to purchase an aggregate of 2,500 shares during such period); and provided, further, that such purchase will shall be subject to the limitations set forth in Sections 3(c) and 13 The Eligible Employee may accept the grant of such option by electing to participate in the Plan in accordance with the requirements of Section 5. hereof. The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of the Company's Common Stock that an Eligible Employee a participant may purchase during each Purchase Period of an and Offering Period. Exercise of the option will shall occur as provided in Section 8, 8 hereof, unless the Participant participant has withdrawn pursuant to Section 10 hereof or otherwise becomes ineligible to participate in the Plan. The option will shall expire on the last day of the Offering Period. View More

Grant of Option. On the Enrollment Date of each Offering Period, each Eligible eligible Employee participating in such Offering Period will shall be granted an option to purchase on each Exercise Date during such Offering Period (at the applicable Purchase Price) up to a number of shares of Common Stock determined by dividing such Eligible Employee's Contributions payroll deductions accumulated prior to such Exercise Date and retained in the Eligible Employee's Participant's account as of the Exercise Date by th...e applicable Purchase Price; provided that in no event will shall an Eligible Employee be permitted to purchase during each Purchase Period more than 1,500 eight thousand (8,000) shares of Common Stock (subject to any adjustment pursuant to Section 19) 18) on the Enrollment Date, and provided further that such purchase will shall be subject to the limitations set forth in Sections 3(c) 3(b) and 13 The Eligible Employee may accept the grant of such option by electing to participate in the Plan in accordance with the requirements of Section 5. The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of Common Stock that an Eligible Employee may purchase during each Purchase Period of an Offering Period. hereof. Exercise of the option will shall occur as provided in Section 8, 8 hereof, unless the Participant participant has withdrawn pursuant to Section 10 hereof. The option will shall expire on the last day of the Offering Period. View More

Grant of Option. On the Enrollment Date of each Offering Period, each Eligible Employee participating in such Offering Period will be granted an option to purchase on each Exercise Date during such Offering Period (at the applicable Purchase Price) up to a number of shares of Common Stock determined by dividing such Eligible Employee's Contributions accumulated prior to such Exercise Date and retained in the Eligible Employee's account as of the Exercise Date by the applicable Purchase Price; provided that in no... event will an Eligible Employee be permitted to purchase during each Purchase Period more than 1,500 5,000 shares of Common Stock (subject to any adjustment pursuant to Section 19) and provided further that such purchase will be subject to the limitations set forth in Sections 3(c) 3(d) and 13. The Eligible Employee may accept the grant of such option (i) with respect to the first Offering Period by submitting a properly completed subscription agreement in accordance with the requirements of Section 5 on or before the last day of the Enrollment Window, and (ii) with respect to any subsequent Offering Period under the Plan, by electing to participate in the Plan in accordance with the requirements of Section 5. The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of Common Stock that an Eligible Employee may purchase during each Purchase Period of an Offering Period. Exercise of the option will occur as provided in Section 8, unless the Participant has withdrawn pursuant to Section 10. The option will expire on the last day of the Offering Period. 8. Exercise of Option. (a) Unless a Participant withdraws from the Plan as provided in Section 10, his or her option for the purchase of shares of Common Stock will be exercised automatically on the Exercise Date, and the maximum number of full shares subject to the option will be purchased for such Participant at the applicable Purchase Price with the accumulated Contributions from his or her account. No fractional shares of Common Stock will be purchased; any Contributions accumulated in a Participant's account, which are not sufficient to purchase a full share will be retained in the Participant's account for the subsequent Purchase Period or Offering Period, subject to earlier withdrawal by the Participant as provided in Section 10. Any other funds left over in a Participant's account after the Exercise Date will be returned to the Participant. During a Participant's lifetime, a Participant's option to purchase shares hereunder is exercisable only by him or her. (b) If the Administrator determines that, on a given Exercise Date, the number of shares of Common Stock with respect to which options are to be exercised may exceed (i) the number of shares of Common Stock that were available for sale under the Plan on the Enrollment Date of the applicable Offering Period, or (ii) the number of shares of Common Stock available for sale under the Plan on such Exercise Date, the Administrator may in its sole discretion (x) provide that the Company will make a pro rata allocation of the shares of Common Stock available for purchase on such Enrollment Date or Exercise Date, as applicable, in as uniform a manner as will be practicable and as it will determine in its sole discretion to be equitable among all Participants exercising options to purchase Common Stock on such Exercise Date, and continue all Offering Periods then in effect or (y) provide that the Company will make a pro rata allocation of the shares available for purchase on such Enrollment Date or Exercise Date, as applicable, in as uniform a manner as will be practicable and as it will determine in its sole discretion to be equitable among all participants exercising options to purchase Common Stock on such Exercise Date, and terminate any or all Offering Periods then in effect pursuant to Section 20. The Company may make a pro rata allocation of the shares available on the Enrollment Date of any applicable Offering Period pursuant to the preceding sentence, notwithstanding any authorization of additional shares for issuance under the Plan by the Company's stockholders subsequent to such Enrollment Date. View More

Grant of Option. On the Enrollment Offering Date of each Offering Period, each Eligible Employee participating in such Offering Period will be granted an option to purchase on each Exercise Date during such with respect to an Offering Period (at the applicable Purchase Price) up to a number of shares of Common Stock determined by dividing such Eligible Employee's Contributions payroll deductions accumulated prior to such Exercise Date and retained in the Eligible Employee's account as of the Exercise Date by the... applicable Purchase Price; provided that in no event will an Eligible Employee be permitted to purchase during each Purchase Offering Period more than 1,500 500 shares of the Common Stock (subject to any adjustment pursuant to Section 19) 19), and provided further that such purchase will be subject to the limitations set forth in Sections 3(c) and 13. The Eligible Employee may accept the grant of such option with respect to the first Offering Period by submitting a properly completed subscription agreement in accordance with the requirements of Section 5(a) on or before the last day of the Enrollment Window, and (ii) with respect to any future Offering Period under the Plan, by electing to participate in the Plan in accordance with the requirements of Section 5. 5(b). The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of Common Stock that an Eligible Employee may purchase during each Purchase Period of an Offering Period. Exercise of the option will occur as provided in Section 8, unless the Participant has withdrawn pursuant to Section 10. The option will expire on the last day of the Offering Period. View More

Grant of Option. On the Enrollment Date of each Offering Period, each Eligible Employee participating in such Offering Period will be granted an option to purchase on each Exercise Date during such Offering Period (at the applicable Purchase Price) up to a number of shares of Common Stock determined by dividing such Eligible Employee's Contributions accumulated prior to such Exercise Date and retained in the Eligible Employee's account as of the Exercise Date by the applicable Purchase Price; provided that in no... event will an Eligible Employee be permitted to purchase during each Purchase Offering Period more than 1,500 725 shares of Common Stock (subject to any adjustment pursuant to Section 19) and provided further that such purchase will be subject to the limitations set forth in Sections 3(c) and 13. The Eligible Employee may accept the grant of such option (i) with respect to the first Offering Period by submitting a properly completed subscription agreement in accordance with the requirements of Section 5 on or before the last day of the Enrollment Window, and (ii) with respect to any subsequent Offering Period under the Plan, by electing to participate in the Plan in accordance with the requirements of Section 5. The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of Common Stock that an Eligible Employee may purchase during each Purchase Period of an Offering Period. Exercise of the option will occur as provided in Section 8, unless the Participant has withdrawn pursuant to Section 10. The option will expire on the last day of the Offering Period. View More