Grant of Option Contract Clauses (3,018)

Grouped Into 110 Collections of Similar Clauses From Business Contracts

This page contains Grant of Option clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Grant of Option. On the applicable Enrollment Date, each Participant in an Offering Period shall be granted an Option to purchase on the applicable Exercise Date a number of full Shares determined by dividing such Participant's payroll deductions accumulated prior to such Exercise Date and retained in the Participant's Purchase Account as of the applicable Exercise Date by the applicable Purchase Price.
Grant of Option. On the applicable each Enrollment Date, each Participant in an the applicable Offering Period shall be granted an Option to purchase purchase, on the applicable Exercise Date Date, a number of full Shares determined by dividing such Participant's payroll deductions accumulated the amount credited prior to such Exercise Date and retained in to the Participant's Purchase Account as of the applicable Exercise Date by the applicable Purchase Price.
Grant of Option. On the applicable Enrollment Date, each Participant in an Offering Period shall be granted an Option to purchase on the applicable next following Exercise Date a number of full Shares determined by dividing such Participant's payroll deductions accumulated prior to such Exercise Date and retained in the Participant's Purchase Account as of the applicable Exercise Date by the applicable Purchase Price.
Grant of Option. On the applicable Enrollment Date, each Participant in an Offering Period shall be granted an Option to purchase on the applicable Exercise Date a number of full Shares determined by dividing such Participant's payroll deductions and additional contributions accumulated prior to on or before such Exercise Date and retained in the Participant's Purchase Account as of the applicable Exercise Date by the applicable Purchase Price.
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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
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 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 of shares o...f 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 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
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") 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 pr...ice 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 Exercise 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"). 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 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 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 death, to the extent then exercisable, will remain exercisable for one year following the 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
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Grant of Option. The Company hereby grants to Optionee, as of the date hereof, an option to purchase commencing on the date hereof and ending on the tenth (10th) anniversary of the date hereof (the "Expiration Date") an option exercisable to purchase up to an aggregate of 1.0 million shares of Common Stock , $.001 par value, (the "Option Shares") at an exercise price of $0.50 per Option Share (the "Exercise Price"). The Option Shares shall be purchasable from time to time during the option term specified in this... Section 1 at the Exercise Price, subject to the vesting provisions of paragraph 3 of this Option. View More
Grant of Option. The Company hereby grants to Optionee, as of the date hereof, an option to purchase commencing on the date hereof and ending on the tenth (10th) anniversary of the date hereof (the "Expiration Date") an option exercisable to purchase up to an aggregate of 1.0 million 100,000 shares of Common Stock , $.001 Stock, $.005 par value, (the "Option Shares") at an exercise price of $0.50 $7.00 per Option Share (the "Exercise Price"). The Option Shares shall be purchasable from time to time during the op...tion term specified in this Section 1 at the Exercise Price, subject to the vesting provisions of paragraph 3 of this Option. View More
Grant of Option. The Company hereby grants to Optionee, as of the date hereof, an option to purchase commencing on the date hereof and ending on the tenth (10th) anniversary of the date hereof (the "Expiration Date") an option exercisable to purchase up to an aggregate of 1.0 4.3 million shares of Common Stock , Stock, $.001 par value, (the "Option Shares") at an exercise price of $0.50 $0.05 per Option Share (the "Exercise Price"). The Option Shares shall be purchasable from time to time during the option term ...specified in this Section 1 at the Exercise Price, subject to the vesting provisions of paragraph 3 of this Option. View More
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Grant of Option. (a) The Option is subject to the terms of the Plan. The terms of the Plan are incorporated into this Agreement by this reference. (b) You must accept the terms of this Agreement within 10 business days after the Agreement is presented to you for review by returning a signed copy of this Agreement to the Company in accordance with such procedures as the Company may establish. You may not exercise any portion of the Option before you have accepted the terms of this Agreement. The Committee may uni...laterally cancel and forfeit all or a portion of the Option if you do not timely accept the terms of this Agreement. (c) If designated above as an Incentive Stock Option, the Option is intended to qualify as an Incentive Stock Option. To the extent the Option fails to meet the requirements of an Incentive Stock Option or is not designated as an Incentive Stock Option, the Option will be a Nonstatutory Stock Option. View More
Grant of Option. (a) The Option is subject to the terms of the Plan. The terms of the Plan are incorporated into this Agreement by this reference. (b) You must accept the terms of this Agreement by returning a signed copy to the Company within 10 business 30 days after the Agreement is presented to you for review by returning a signed copy of this Agreement to the Company in accordance with such procedures as the Company may establish. review. You may not exercise any portion of the Option before you have accept...ed the terms of this Agreement. The Committee may unilaterally cancel and forfeit all or a portion of the Option in its entirety if you do not timely accept the terms of this Agreement. (c) If designated above as an Incentive Stock Option, the Option is intended to qualify as an Incentive Stock Option. To the extent the Option fails to meet the requirements of an Incentive Stock Option or is not designated as an Incentive Stock Option, the Option will be a Nonstatutory Stock Option. View More
Grant of Option. (a) The Option is subject to the terms of the Plan. The terms of the Plan are incorporated into this Agreement by this reference. (b) You must accept the terms of this Agreement within 10 business days after the Agreement is presented to you for review by returning a signed copy of accepting this Agreement grant pursuant to the Company in accordance with such procedures as the Company may establish. Company's electronic acceptance procedures. You may not exercise any portion of the Option before... you have accepted the terms of this Agreement. The Committee may unilaterally cancel and forfeit all or a portion of the Option if you do not timely accept the terms of this Agreement. (c) If designated above as an Incentive Stock Option, the Option is intended to qualify as an Incentive Stock Option. To the extent the Option fails to meet the requirements of an Incentive Stock Option or is not designated as an Incentive Stock Option, the Option will be a Nonstatutory Stock Option. View More
Grant of Option. (a) The Option is subject to the terms of the Plan. The terms of the Plan are incorporated into this Agreement by this reference. (b) You must accept the terms of this Agreement by returning a signed copy to the Company within 10 business 60 days after the Agreement is presented to you for review by returning a signed copy of this Agreement to the Company in accordance with such procedures as the Company may establish. review. You may not exercise any portion of the Option before you have accept...ed the terms of this Agreement. The Committee may unilaterally cancel and forfeit all or a portion of the Option in its entirety if you do not timely accept the terms of this Agreement. (c) If designated above as an Incentive Stock Option, the Option is intended to qualify as an Incentive Stock Option. To the extent the Option fails to meet the requirements of an Incentive Stock Option or is not designated as an Incentive Stock Option, the Option will be a Nonstatutory Stock Option. View More
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Grant of Option. Pursuant to authority granted to it under the Plan, the Committee responsible for administering the Plan hereby grants to JAY C. NADEL, a director of the Company (the "Optionee") and as of January 5, 2017 (the "Grant Date"), the following stock options: 100,000 stock options (the "Option"). Each Option permits the Participant to purchase one share of the Company's common stock, $.01 par value, at the Exercise Price (the "Shares").
Grant of Option. Pursuant to authority granted to it under the Plan, the Committee responsible for administering the Plan hereby grants to JAY C. NADEL, RICHARD J. KURTZ, a director of the Company (the "Optionee") and as of January 5, 2017 (the "Grant Date"), the following stock options: 100,000 stock options (the "Option"). Each Option permits the Participant to purchase one share of the Company's common stock, $.01 par value, at the Exercise Price (the "Shares").
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Grant of Option. The Company hereby grants to the Participant, as of the Grant Date specified above, a Non-Qualified Stock Option (this "Option") to acquire from the Company at the Per Share Exercise Price specified above, the aggregate number of shares of Common Stock specified above (the "Option Shares"). Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against poten...tial future dilution of the Participant's interest in the Company for any reason. The Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by the Option unless and until the Participant has become the holder of record of such shares, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan or this Agreement. View More
Grant of Option. The Company hereby grants to the Participant, as of the Grant Date specified above, in the Grant Notice, a Non-Qualified Non‐Qualified Stock Option (this (the "Option") to acquire from the Company at the Per Share Exercise Price specified above, in the Grant Notice, the aggregate number of shares of Common Stock specified above in the Grant Notice (the "Option Shares"). Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provi...des, or is intended to provide, the Participant with any protection against potential future dilution of the Participant's interest in the Company for any reason. The Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by the Option unless and until the Participant has become the holder of record of such shares, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan or this Agreement. View More
Grant of Option. The Company hereby grants to the Participant, as of the Grant Date specified above, a Non-Qualified Stock Date, an Option (this "Option") with respect to acquire from the Company at the Per Share Exercise Price specified above, the aggregate number of shares of Common Stock specified above (the "Option Shares"). in the Certificate, subject to the Plan and this Agreement. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement prov...ides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant's interest in the Company for any reason. The Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by the Option unless and until the Participant has become the holder of record of such shares, reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, shares of Common Stock, except as otherwise specifically provided for in the Plan or this Agreement. The Participant shall not have the rights of a stockholder in respect of the shares of Common Stock underlying this Award, until such Award is exercised by the Participant in accordance with the terms of this Agreement and the 2Exhibit 10.17 Plan and such shares of Common Stock delivered to the Participant in accordance with Section 5 hereof. View More
Grant of Option. The Company hereby grants to the Participant, as of the Grant Date specified above, a Non-Qualified Stock Option (this "Option") to acquire from the Company at the Per Share Exercise Price specified above, the aggregate number of shares of Common Stock specified above (the "Option Shares"). [●] percent ([●]%) of the Option Shares shall be subject to time-based vesting, as set forth in Section 3(a) hereof (the "Service Option Shares"), and [●] percent ([●]%) of the Option Shares shall be subject ...to return-based vesting as set forth in Section 3(b) hereof (the "Return Target Option Shares"). Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant's interest in the Company for any reason. The Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by the Option unless and until the Participant has become the holder of record of such shares, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan or this Agreement. View More
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Grant of Option. The Company has granted to the Participant the right and option to purchase all or any part of the aggregate number of shares of the Company's common stock, $.01 par value per share (the "Shares"), referenced in the Grant Detail, on the terms and conditions and subject to all the limitations set forth herein, under United States securities and tax laws, and in the Plan, which is incorporated herein by reference. The Participant acknowledges receipt of a copy of the Plan.
Grant of Option. The Company has granted hereby grants to the Participant the right and option to purchase all or any part of an aggregate of the aggregate number of shares of the Company's common stock, $.01 par value per share (the "Shares"), referenced Shares set forth in the Stock Option Grant Detail, Notice, on the terms and conditions and subject to all the limitations set forth herein, under United States securities and tax laws, and in the Plan, which is incorporated herein by reference. The Participant ...acknowledges receipt of a copy of the Plan. View More
Grant of Option. The Pursuant to the provisions of the Company's Compensation Policy for Non-Employee Directors and the Plan, the Company has granted to the Participant Non-Employee Director the right and option to purchase all or any part of the aggregate number of shares of the Company's common stock, $.01 par value per share (the "Shares"), referenced in the Grant Detail, on the terms and conditions and subject to all the limitations set forth herein, under United States securities and tax laws, and in the Pl...an, which is incorporated herein by reference. The Participant Non-Employee Director acknowledges receipt of a copy of the Plan. View More
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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 15 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, o...f the Internal Revenue Code of 1986, as amended (the "Code"), and the regulations thereunder. View More
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 15 of the Plan. This Option is a nonqualified stock option and will not intended to be treated as an incentive stock option, as defined under option within the meaning of S...ection 422, or any successor provision, of the Internal Revenue Code of 1986, as amended (the "Code"), and the regulations thereunder. thereunder, to the extent permitted under Code Section 422(d). If the number of shares vesting for Participant in any single year exceeds the limit established by Section 422 of the Internal Revenue Code for incentive stock option treatment, the Option shall be deemed an incentive stock option to the extent of the number of shares within the limit and a nonqualified stock option the extent of the number of shares that exceed the limit. View More
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 herein, and subject to adjustment pursuant to Section 15 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 pr...ovision, of the Internal Revenue Code of 1986, as amended (the "Code"), and the regulations thereunder. View More
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Grant of Option. The Company hereby grants to Optionee an option (this "Option") to purchase up to the total number of shares of Common Stock of the Company (the "Common Stock") set forth in the Grant Notice as the Shares (the "Shares") at the Exercise Price Per Share set forth in the Grant Notice (the "Exercise Price"), subject to all of the terms and conditions of the Grant Notice, this Agreement and the Plan. If designated as an Incentive Stock Option in the Grant Notice, this Option is intended to qualify as... an incentive stock option (the "ISO") within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), except that if on the Date of Grant Optionee is not subject to U.S. income tax, then this Option shall be a NQSO. View More
Grant of Option. The Company hereby grants to Optionee an option (this "Option") to purchase up to the total number of shares of Common Stock of the Company (the "Common Stock") set forth in the Grant Notice as the Shares (the "Shares") at the Exercise Price Per Share set forth in the Grant Notice (the "Exercise Price"), subject to all of the terms and conditions of the Grant Notice, this Agreement and the Plan. If designated as an Incentive Stock Option in the Grant Notice, this Option is intended to qualify as... an incentive stock option (the "ISO") within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), except that if on the Date of Grant Optionee is not subject to U.S. income tax, then this Option shall be a NQSO. View More
Grant of Option. The Company hereby grants to Optionee an option (this "Option") to purchase up to the total number of shares of Class A Common Stock of the Company Company, $0.001 par value per share (the "Common Stock") Stock"), set forth in the Grant Notice as the Shares (the "Shares") at the Exercise Price Per Share set forth in the Grant Notice (the "Exercise Price"), subject to all of the terms and conditions of the Grant Notice, this Agreement and the Plan. If designated as an Incentive Stock Option in th...e Grant Notice, this Option is intended to qualify as an incentive stock option (the "ISO") within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), except that if on the Date of Grant Optionee is not subject as opposed to U.S. income tax, then this a Non-Qualified Stock Option shall be a NQSO. ("NQSO"). View More
Grant of Option. The Company hereby grants to Optionee an option (this "Option") to purchase up to the total number of shares of Common Stock Ordinary Shares of the Company Company, $0.0001 par value per share (the "Common Stock") "Ordinary Shares"), set forth in the Grant Notice as the Shares (the "Shares") at the Exercise Price Per Share set forth in the Grant Notice (the "Exercise Price"), subject to all of the terms and conditions of the Grant Notice, this Agreement and the Plan. If designated as an Incentiv...e Stock Option in the Grant Notice, this Option is intended to qualify as an incentive stock option (the "ISO") within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), except that if on the Date of Grant Optionee is not subject to U.S. income tax, then this Option shall be a NQSO. View More
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Grant of Option. On the Offering Date, each Participant will be granted an Option to purchase (at the applicable Purchase Price) shares of Common Stock; provided: (i) that such Option is subject to the limitations set forth in Sections 3(b), 6 and 12; (ii) until otherwise determined by the Administrator, the maximum number of shares of Common Stock a Participant will be permitted to purchase in any Offer Period is shares, subject to adjustment as provided in Section 18; and (iii) that such Option is subject to s...uch other terms and conditions (applied on a uniform and nondiscriminatory basis), as the Administrator determines from time to time. Exercise of the Option will occur as provided in Section 8, unless the Participant has withdrawn pursuant to Section 10, and the Option, to the extent not exercised, will expire on the last day of the Offer Period with respect to which such Option was granted. Notwithstanding the foregoing, shares subject to the Option may only be purchased with accumulated payroll deductions credited to a Participant's account in accordance with Section 6. In addition, to the extent an Option is not exercised on each Exercise Date, the Option will lapse and thereafter cease to be exercisable. View More
Grant of Option. On the Offering Date, each Participant will shall be granted an Option to purchase (at the applicable Purchase Price) shares of Common Stock; provided: (i) that such Option is shall be subject to the limitations set forth in Sections 3(b), 6 and 12; 12 and (ii) until otherwise determined by the Administrator, the maximum number of shares of Common Stock a Participant will be permitted to purchase in any Offer Period is shares, subject to adjustment as provided in Section 18; and (iii) that such ...Option is shall be subject to such other terms and conditions (applied on a uniform and nondiscriminatory basis), as the Administrator determines shall determine from time to time. Exercise of the Option will shall occur as provided in Section 8, unless the Participant has withdrawn pursuant to Section 10, and the Option, to the extent not exercised, will shall expire on the last day of the Offer Period with respect to which such Option was granted. Notwithstanding the foregoing, shares subject to the Option may only be purchased with accumulated payroll deductions credited to a Participant's account in accordance with Section 6. In addition, to the extent an Option is not exercised on each Exercise Date, the Option will shall lapse and thereafter cease to be exercisable. View More
Grant of Option. On the Offering Date, each Participant will shall be granted an Option to purchase (at the applicable Purchase Price) shares of Common Stock; provided: (i) that such Option is shall be subject to the limitations set forth in Sections 3(b), 6 and 12; (ii) until otherwise determined by the Administrator, the maximum number of shares of Common Stock a Participant will shall be permitted to purchase in any Offer Period is shares, shall be two hundred thousand (200,000), subject to adjustment as prov...ided in Section 18; and (iii) that such Option is shall be subject to such other terms and conditions (applied on a uniform and nondiscriminatory basis), as the Administrator determines shall determine from time to time. Exercise of the Option will shall occur as provided in Section 8, unless the Participant has withdrawn pursuant to Section 10, and the Option, to the extent not exercised, will shall expire on the last day of the Offer Period with respect to which such Option was granted. Notwithstanding the foregoing, shares subject to the Option may only be purchased with accumulated payroll deductions credited to a Participant's account in accordance with Section 6. In addition, to the extent an Option is not exercised on each Exercise Date, the Option will shall lapse and thereafter cease to be exercisable. View More
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