Grouped Into 22 Collections of Similar Clauses From Business Contracts
This page contains Options clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Options. The Company may, from time to time, at its sole discretion, grant the Employee options (the "Options") to purchase shares of common stock of the Company's parent company, LabStyle Innovations Corp., a Delaware corporation (the "Parent"). The Options shall be subject to the terms of the Parent's 2012 Equity Incentive Plan and the 2012 U.S. Sub Plan thereto, as may be amended from time to time, or any successor plans, and an Option Agreement to be executed between Parent and the Employee. The Empl...oyee acknowledges that he will be required to execute additional documents in compliance with the applicable tax laws and/or other applicable laws.View More
Options. The Company may, from time to time, at its sole discretion, grant the Employee options (the "Options") to purchase shares of common stock of the Company's parent company, LabStyle Innovations Corp., a Delaware corporation (the "Parent"). Parent. The Options shall be subject to the terms of the Parent's 2012 Equity Incentive Plan and the 2012 U.S. Sub Plan thereto, as may be amended from time to time, or any successor plans, and an Option Agreement to be executed between Parent and the Employee. ...The Employee acknowledges that he will be required to execute additional documents in compliance with the applicable tax laws and/or other applicable laws. View More
Options. (a) Option Grants. Subject to Board approval and, if necessary, stockholder approval, the Company shall grant to you under the 2010 Stock Incentive Plan of OptiNose, Inc., as amended from time to time (the "Plan"), and subject to the terms of the Grant Agreement (as defined below): (i) an option to purchase 50,000 shares of OptiNose, Inc.'s common stock at an exercise price equal to the fair market value of such common stock on the date of grant (the "Option Grant"), and (b) Vesting. The Option ...Grant will vest and become exercisable over a period of 4 years provided that you have been continuously employed by the Company up to and on each such vesting date. Acceleration of vesting with respect to the Option Grant, if any, on a change of control will be governed by the applicable Grant Agreement. (c) Form of Grant. The Option Grant will be granted pursuant to and, to the extent not contrary to the terms of this Letter Agreement, will be subject to the terms and conditions imposed under the Plan and the grant agreement ("Grant Agreement") to be entered into between you and OptiNose, Inc. which will include, without limitation, provisions relating to limits on transfer, post-termination exercise periods and other provisions as determined by OptiNose, Inc. 5. Benefits and Fringes. (a) General. While you are employed by the Company, you will be entitled to such benefits and fringes, if any, as are generally provided from time to time by the Company to its employees, subject to the satisfaction of any eligibility requirements. (b) Vacation. You will also be entitled to annual paid vacation in accordance with the Company's vacation policies in effect from time to time, which may be taken at such times as you elect with due regard to the needs of the Company. (c) Reimbursement of Business Expenses. Upon presentation of appropriate documentation, you will be reimbursed in accordance with the Company's expense reimbursement policy for all reasonable and necessary business expenses incurred in connection with the performance of your duties and responsibilities hereunder.View More
Options. (a) Option Grants. Subject to Board approval and, if necessary, stockholder approval, the Company shall grant to you under the 2010 Stock Incentive Plan of OptiNose, Inc., as amended from time to time (the "Plan"), and subject to the terms of the Grant Agreement Agreements (as defined below): (i) an option the right to purchase 50,000 shares of OptiNose, Inc.'s common stock stock, or an economically equivalent interest, at an exercise price equal to the fair market value of such common stock on ...the date of grant (the "Option "Standard Option Grant"), and (ii) the right to purchase 100,000 shares of OptiNose, Inc.'s common stock, or an economically equivalent interest, at an exercise price of $47.10 per share, which exercise price may be greater than the fair market value of such common stock on the date of grant (the "Success Option Grant"). (b) Vesting. The Standard Option Grant will vest and become exercisable over a period of 4 years provided that you have been continuously employed by the Company up to and on each such vesting date. Acceleration of vesting with respect to the Standard Option Grant, if any, on a change of control will be governed by the applicable Grant Agreement. The Success Option Grant will vest and become exercisable (i) in full immediately prior to and contingent upon a Change of Control (but not an IPO) and (ii) on and following an IPO to the extent the option has time vested in accordance with the Company's standard time vesting schedule described in the applicable Grant Agreement. (c) Form of Grant. The Each Option Grant will be granted pursuant to and, to the extent not contrary to the terms of this Letter Agreement, will be subject to the terms and conditions imposed under the Plan and the grant agreement agreements ("Grant Agreement") Agreements") to be entered into between you and OptiNose, Inc. which will include, without limitation, provisions relating to limits on transfer, post-termination exercise periods and other provisions as determined by OptiNose, Inc. 5. Benefits and Fringes. (a) General. While you are employed by the Company, you will be entitled to such benefits and fringes, if any, as are generally provided from time to time by the Company to its employees, subject to the satisfaction of any eligibility requirements. (b) Vacation. You will also be entitled to annual paid vacation in accordance with the Company's vacation policies in effect from time to time, which may be taken at such times as you elect with due regard to the needs of the Company. (c) Reimbursement of Business Expenses. Upon presentation of appropriate documentation, you will be reimbursed in accordance with the Company's expense reimbursement policy for all reasonable and necessary business expenses incurred in connection with the performance of your duties and responsibilities hereunder. View More
Options. (a) Grant of Option. The Company hereby grants to the Optionee, as of the Date of Grant, the right and option (this "Option") to purchase [ ] Common Shares, at a price per Common Share of [$ ] (the "Exercise Price").1 This Option is not intended to qualify as an Incentive Stock Option for purposes of Section 422 of the Code. (b) Vesting. Subject to the terms of this Agreement, this Option will vest and become exercisable subject to the Optionee's Continuous Service (as hereinafter defined) and t...he achievement of Management Objectives determined by the Board and set forth on Appendix A hereto. Provided that the applicable Management Objectives are satisfied, the Common Shares subject to this Option will vest on [ , 2016]2, subject to the Optionee's Continuous Service on such date. (c) Termination of Continuous Service. If the Optionee's continuous service with the Company ("Continuous Service") terminates for any reason, this Option, to the extent not then vested, will immediately terminate without consideration.View More
Options. (a) Grant of Option. The Company hereby grants to the Optionee, as of the Date of Grant, the right and option (this "Option") to purchase [ ] Common Shares, at a price per Common Share of [$ ] (the "Exercise Price").1 This Option is not intended to qualify as an Incentive Stock Option for purposes of Section 422 of the Code. (b) Vesting. Subject to the terms of this Agreement, this Option will vest and become exercisable in three installments subject to the Optionee's Continuous Service (as here...inafter defined) and the achievement of Management Objectives determined by the Board and set forth on Appendix A hereto. Provided that the applicable Management Objectives are satisfied, [ ] of the Common Shares subject to this Option will vest on [ , 2016]2, [ ] of the Common Shares subject to this Option will vest on [ , 2017],3 and [ ] of the Common Shares subject to this Option will vest on [ , 2018]4, subject to the Optionee's Continuous Service on each of these dates (each such date. date, the "Applicable Vesting Date"). Notwithstanding the foregoing, with respect to the Common Shares subject to this Option which do not vest due to the non-achievement of the applicable Management Objectives on the Applicable Vesting Date, such Common Shares will be eligible to vest in the event the applicable Management Objectives and Continuous Service requirements are satisfied with respect to the next Applicable Vesting Date. (c) Termination of Continuous Service. If the Optionee's continuous service with the Company ("Continuous Service") terminates for any reason, this Option, to the extent not then vested, will immediately terminate without consideration. View More
Options. Subject to a resolution duly resolved by the Board of Directors of Infinity Augmented Reality, Inc., the parent company of the Company (the "Parent Company"), and conditioned upon the adoption of an Israeli sub-plan, and complying with all the requirements of the Israeli Taxation Authority for issuance of options under the Israeli sub-plan in accordance with Section 102 of the Israeli Income Ordinance (capital gain), and the lapse of the required period under the foregoing section, the Parent Co...mpany shall grant the Employee options to purchase such number shares of the Parent Company at a price per share and under terms and conditions as set forth in Schedule 1 (the "Options"), subject to the terms of (a) the Parent Company's applicable equity incentive plan and Israeli sub-plan, as such shall be adopted by the Company and the Parent Company; and (b) an option agreement to be executed between the Parent Company and the Employee, (the "Options Documents"). The Options Documents shall provide, inter alia, that in the event of termination of employment, all the Options which shall become vested prior to such termination date, may be exercised by the Employee following the termination date, in accordance with the terms of the Option Documents. The Employee acknowledges that Employee will be required to execute additional documents in compliance with the applicable tax laws and/or other applicable laws. Term and Termination of Employment 15. Term. The Employee's employment by the Company under this Agreement shall commence on the date set forth in Schedule 1 (the "Commencement Date"), and shall continue until it is terminated pursuant to the terms set forth herein (the "Term").View More
Options. Subject to a resolution duly resolved by the Board of Directors of Infinity Augmented Reality, Inc., the parent company of the Company Company, (the "Parent Company"), and conditioned upon the adoption of an Israeli sub-plan, and complying with all the requirements of the Israeli Taxation Authority for issuance of options under the Israeli sub-plan in accordance with Section 102 of the Israeli Income Ordinance (capital gain), and the lapse of the required period under the foregoing section, the ...Parent Company shall grant the Employee options an option to purchase such number shares of the Parent Company at a price per share and under terms and conditions as set forth in Schedule 1 (the "Options"), "Option"). The Option shall be subject to the terms of (a) the (a)the Parent Company's applicable equity incentive plan and Israeli sub-plan, as such shall will be adopted by the Company and the Parent Company; and (b) an option agreement to be executed between the Parent Company and the Employee, (the "Options Documents"). The Options Documents shall provide, inter alia, that in the event of termination of employment, all the Options which shall become vested prior to such termination date, may be exercised by the Employee following the termination date, in accordance with the terms of the Option Documents. Employee. The Employee acknowledges that Employee will be required to execute additional documents in compliance with the applicable tax laws and/or other applicable laws. Term and Termination of Employment 15. Term. The Employee's employment by the Company under this Agreement shall commence on the date set forth in Schedule 1 (the "Commencement Date"), and shall continue until it is terminated pursuant to the terms set forth herein (the "Term").View More
Options. For a period commencing on the Effective Date and subject to early termination, ending on [***] NEOMED delivers the Required Compound Supply to Artelo ("Option Period"), Artelo shall have the sole and exclusive right, but not the obligation to receive an exclusive license under the Licensed IP Rights to research, develop, make, have made, use, offer for sale, sell, have sold and import Products and otherwise exploit the Licensed IP Rights in the Territory in the Field, subject to the terms and c...onditions of this Agreement (the "Option"). During the Option Period, NEOMED shall not, without Artelo's prior written consent, directly or indirectly: (i) negotiate or enter into any agreement, arrangement or commitment according to which a Third Party is granted any right in the Territory under the Licensed IP Rights, (ii) take any action which may derogate from or conflict with, or refrain from taking any action which is necessary to preserve, the Option, or (iii) enter into any agreement, arrangement or commitment that would derogate from or conflict with the rights granted to Artelo under this Agreement. 3.2 Option Exercise. In order to exercise the Option, Artelo shall provide a written option exercise notice to NEOMED prior to the expiration of the Option Period (the "Option Exercise Notice"), and as of the date of the receipt of the Option Exercise Notice by NEOMED, the license grant to Artelo set forth in Section 4.1 shall automatically become effective. For the abundance of clarity, Artelo shall have the right to exercise the Option by providing the Option Exercise Notice to NEOMED at any point in time during the Option Period.View More
Options. For a period commencing on the Effective Date and subject to early termination, ending on [***] NEOMED delivers the Required Compound Supply to Artelo ("Option Period"), Artelo shall have the sole and exclusive right, but not the obligation to receive an exclusive license under the Licensed IP Rights to research, develop, make, have made, use, offer for sale, sell, have sold and import Products and otherwise exploit the Licensed IP Rights in the Territory in the Field, subject to the terms and c...onditions of this Agreement (the "Option"). During the Option Period, NEOMED shall not, without Artelo's prior written consent, directly or indirectly: (i) negotiate or enter into any agreement, arrangement or commitment according to which a Third Party is granted any right in the Territory under the Licensed IP Rights, (ii) take any action which may derogate from or conflict with, or refrain from taking any action which is necessary to preserve, the Option, or (iii) enter into any agreement, arrangement or commitment that would derogate from or conflict with the rights granted to Artelo under this Agreement. 3.2 Option Exercise. In order to exercise the Option, Artelo shall provide a written option exercise notice to NEOMED prior to the expiration of the Option Period (the "Option Exercise Notice"), and as of the date of the receipt of the Option Exercise Notice by NEOMED, the license grant to Artelo set forth in Section 4.1 shall automatically become effective. For the abundance of clarity, Artelo shall have the right to exercise the Option by providing the Option Exercise Notice to NEOMED at any point in time during the Option Period. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. -8- 4. LICENSE GRANT 4.1 Licensed IP Rights. Conditional only upon Artelo serving the Option Exercise Notice and receipt of such Option Exercise Notice by NEOMED in accordance with Section 3.2, and subject to the terms and conditions of this Agreement, NEOMED hereby grants to Artelo an exclusive license under the Licensed IP Rights to research, develop, make, have made, use, offer for sale, sell, have sold and import Products and otherwise exploit the Licensed IP Rights in the Territory in the Field. During the term of this Agreement, NEOMED shall not enter into any agreement or otherwise license, grant, assign, transfer, convey or otherwise encumber or dispose any right, title or interest in, to or under any of the Licensed IP Rights, which agreement, license, grant, assignment, transfer, conveyance, encumbrance or disposition would conflict with the rights granted to Artelo hereunder. 4.2 Sublicenses. Artelo may grant sublicenses under the license in Section 4.1 to Third Parties, provided that each such sublicense agreement is consistent with the terms and conditions of this Agreement. Artelo shall remain directly jointly and severally responsible for each of its sublicensees' compliance with this Agreement and shall promptly provide a copy of each such sublicense agreement to NEOMED, which sublicense agreement copy may be redacted, provided that no information necessary for NEOMED to verify the compliance of such sublicense agreement with this Agreement or to ascertain NEOMED's rights with respect thereto may be redacted. 4.3 Extension to Affiliates. Artelo shall have the right to extend the rights and obligations granted in this Agreement to one or more of its Affiliates. All applicable terms and provisions of this Agreement shall apply to any such Affiliate to which this Agreement has been extended to the same extent as such terms and provisions apply to Artelo. Artelo shall remain directly, jointly and severally liable for any acts or omissions of its Affiliates, and Artelo hereby expressly waives any requirement that NEOMED exhaust any right, power or remedy, or proceed directly against such Affiliate, for any obligation or performance hereunder prior to proceeding directly against Artelo. 4.4 Rights Reserved. This Agreement shall not be interpreted or construed as granting Artelo any rights, expressed or implied, to any of the Licensed IP Rights, or other form of rights other than the rights specifically and expressly granted herein and in accordance with this Agreement. 4.5 Restriction. In consideration for the rights granted herein by NEOMED, Artelo undertakes not to license, acquire or develop any rights relating to a compound of the same chemical class as the Compound (other than the Compound) during the Royalty Term. 4.6 IP Improvements. Subject to Sections 12.6.2 and 12.6.3, Artelo shall retain all rights, titles and interests in and to the IP Improvements. View More
Options. Subject to a resolution duly resolved by the Board of Directors of the Company (the "Board"), the Board may, at its discretion, grant the Employee an option to purchase shares of the Company at a price per share and under terms and conditions as determined by it (the "Option"). If granted, (A) the Option shall be subject to the terms of (a) the Company's applicable share option plan and (b) an option agreement to be executed between the Company and the Employee; and (B) as a condition preceding ...to such grant, the Employee may be required to execute additional documents in compliance with the applicable tax laws and/or other applicable laws. The Company shall bear all expenses relating to the Employee's use and maintenance of the Cellular Phone attributed to the Employee under this Section up to an amount to be determined by the Company from time to time, with any excess whereof to be borne solely by the Employee. Such amount in excess shall be deemed a debt of the Employee to the Company which the Company may deduct from Employee's Salary or any other monies due and payable to the Employee by the Company, and the Employee hereby agrees to such deduction. The Employee shall return the Cellular Phone to Company's principal office immediately upon termination of Employee's employment with Company or notice of termination or such other time as directed by the Company at its sole discretion. Employee shall have no rights of lien with respect to the Cellular Phone. The Employee shall bear and be liable for any and all tax liabilities applicable to the Employee in connection with the above.View More
Options. Subject to a resolution duly resolved by the Board of Directors of the Company (the "Board"), the Board may, at its discretion, grant the Employee an option to purchase shares of the Company at a price per share and under terms and conditions as determined by it (the "Option"). If granted, (A) (%4) the Option shall be subject to the terms of (a) (%5) the Company's applicable share option plan and (b) (%5) an option agreement to be executed between the Company and the Employee; and (B) (%4) as a ...condition preceding to such grant, the Employee may be required to execute additional documents in compliance with the applicable tax laws and/or other applicable laws. laws.15.Cellular Phone During the Term the Company will provide the Employee a Company's cellular phone (the "Cellular Phone"), for use in connection with Employee's duties hereunder, pursuant to Company's policy, as may be amended from time to time. The Company shall bear all expenses relating to the Employee's use and maintenance of the Cellular Phone attributed to the Employee under this Section up to an amount to be determined by the Company from time to time, with any excess whereof to be borne solely by the Employee. Such amount in excess shall be deemed a debt of the Employee to the Company which the Company may deduct from Employee's Salary or any other monies due and payable to the Employee by the Company, and the Employee hereby agrees to such deduction. The Employee shall return the Cellular Phone to Company's principal office immediately upon termination of Employee's employment with Company or notice of termination or such other time as directed by the Company at its sole discretion. Employee shall have no rights of lien with respect to the Cellular Phone. The Employee shall bear and be liable for any and all tax liabilities applicable to the Employee in connection with the above. View More
Options. In consideration for the Board Services and subject to the approval of the board of directors of the Company, the Company will grant You Options to purchase 366,980 Shares of the Company (the "Options") which constitute as of the date hereof .63% of the total shares of the Company on a fully diluted basis (subject to adjustment to reflect any share dividend, share split or other similar event). The exercise price of the Options shall be USD $1.5 (or market price as of the day of signing this Agr...eement). The Options shall vest on a quarterly basis over a period of 3 years (0.0559% every three months) beginning on April 2, 2018 (the "Date of Grant"). The term of the options will be 7 years beginning April 2, 2018.View More
Options. In consideration for the Board Services and subject to the approval of the board of directors of the Company, the Company will grant You Options to purchase 366,980 Shares of the Company (the "Options") which constitute as of the date hereof .63% 0.67% of the total shares of the Company on a fully diluted basis (subject to adjustment to reflect any share dividend, share split or other similar event). The exercise price of the Options shall be USD $1.5 (or market price as of the day of signing th...is Agreement). The Options shall vest on a quarterly basis over a period of 3 years (0.0559% every three months) beginning on April 2, 2018 July 1, 2017 (the "Date of Grant"). The term of the options will be 7 years beginning April 2, 2018. July 1, 2017. View More
Options. You may exercise the Option to buy all or any part of any Number of Shares of Common Stock which is then exercisable at the Exercise Price per share until the Expiration Date.
Options. You may exercise the Option to buy all or any part of any Number of Shares of Common Stock which is then exercisable at the Exercise Price per share until the Expiration Date. This Option is not intended to qualify as an Incentive Stock Option.
Options. (a) On or within sixty (60) days following your Start Date you shall be granted a stock option (the "Option") to purchase 279,000 shares of Allogene's common stock, par value $0.001 per share (the "Common Stock") (the "Option Shares") pursuant to the Company's 2017 Equity Incentive Plan (the "Plan"). Such grant shall be evidenced by an option agreement (the "Option Agreement") to be entered into by and between you and the Company. The exercise price per Option Share will be equal to the fair mar...ket value per share of the Company's Common Stock as of the date that such Option is granted. The Option shall have a 10-year term and shall vest and become exercisable as follows: (i) 25% upon the first anniversary of your Start Date (the "Initial Vesting Date"); and thereafter (ii) the remaining unvested Options Shares shall vest in 36 substantially equal monthly installments as of the last calendar day of each month following the Initial Vesting Date. (b) All Options shall be immediately exercisable with respect to one hundred percent (100%) of the Option Shares in exchange for restricted shares of Common Stock of the Company (the "Restricted Shares"); provided, however, that the Restricted Shares will be subject to vesting in accordance with the schedule described above. Upon termination of your employment, the Company shall have the right to repurchase any Restricted Shares that have not vested as of such termination ("Unvested Shares") at a price equal to the exercise price per Option Share (the "Repurchase Right"). (c) In the event that your employment is terminated by the Company without Cause (as defined below) or by you for Good Reason (as defined below) at any time beginning on the date that is 90 days prior to the effective date of a Change of Control (as defined in the Plan) and ending on the date that is 12 months following the Change of Control, then (i) all unvested Restricted Stock and Option Shares shall immediately vest in full, and (ii) all Options will remain exercisable for a 2 period of 90 calendar days following the date of such termination, after which time the Option shall expire; provided, however, that no such Option shall be exercisable after the expiration of its maximum term. In order to give effect to the foregoing provision, notwithstanding anything to the contrary set forth in any agreement governing an equity award regarding immediate forfeiture of unvested shares upon termination of service or the duration of post-termination of service exercise periods, following any termination of your employment, none of your equity incentive awards shall terminate with respect to any vested or unvested portion subject to such equity award before 90 days following such termination. (d) For purposes of this Agreement: (i) "Cause" will mean any one or more of the following: (A) commission of any felony or crime involving dishonesty; (B) participation in any fraud against the Company; (C) material breach of your contractual, statutory or common law duties to the Company (including violation of any provision or obligation under this Agreement); (D) your failure to satisfactorily perform your job duties as assigned by the Company; (E) intentional damage to any property of the Company; or (F) misconduct or other violation of Company policy that causes or reasonably could cause harm. (ii) "Good Reason" shall mean (A) any material diminution by the Company of your title, duties, authority or Base Salary; or (B) a material breach by the Company of any of the provisions contained in this Agreement, which, if capable of being cured, is not cured by the Company within 30 days after written notice thereof by you to the Company.View More
Options. (a) On or within sixty (60) thirty (30) days following your Start Date you shall be granted a stock option (the "Option") to purchase 279,000 170,000 shares of Allogene's common stock, par value $0.001 per share (the "Common Stock") (the "Option Shares") pursuant to the Company's 2017 Equity Incentive Plan (the "Plan"). Such grant shall be evidenced by an option agreement (the "Option Agreement") to be entered into by and between you and the Company. The exercise price per Option Share will be e...qual to the fair market value per share of the Company's Common Stock as of the date that such Option is granted. The Option shall have a 10-year term and shall vest and become exercisable as follows: (i) 25% upon the first anniversary of your Start Date (the "Initial Vesting Date"); and thereafter (ii) the remaining unvested Options Shares shall vest in 36 substantially equal monthly installments as of the last calendar day of each month following the Initial Vesting Date. (b) All Options shall be immediately exercisable with respect to one hundred percent (100%) of the Option Shares in exchange for restricted shares of Common Stock of the Company (the "Restricted Shares"); provided, however, that the Restricted Shares will be subject to vesting in accordance with the schedule described above. Upon termination of your employment, the Company shall have the right to repurchase any Restricted Shares that have not vested as of such termination ("Unvested Shares") at a price equal to the exercise price per Option Share (the "Repurchase Right"). (c) In the event that your employment is terminated by the Company without Cause (as defined below) or by you for Good Reason (as defined below) at any time beginning on the date that is 90 days prior to the effective date of a Change of Control (as defined in the Plan) and ending on the date that is 12 months following the Change of Control, then (i) all unvested Restricted Stock and Option Shares shall immediately vest in full, and (ii) all Options will remain exercisable for a 2 period of 90 calendar days following the date of such termination, after which time the Option shall expire; provided, however, that no such Option shall be exercisable after the expiration of its maximum term. In order to give effect to the foregoing provision, notwithstanding anything to the contrary set forth in any agreement governing an equity award regarding immediate forfeiture of unvested shares upon termination of service or the duration of post-termination of service exercise periods, following any termination of your employment, none of your equity incentive awards shall terminate with respect to any vested or unvested portion subject to such equity award before 90 days following such termination. (d) For purposes of this Agreement: (i) "Cause" will mean any one or more of the following: (A) commission of any felony or crime involving dishonesty; (B) participation in any fraud against the Company; (C) material breach of your contractual, statutory or common law duties to the Company (including violation of any provision or obligation under this Agreement); (D) your failure to satisfactorily perform your job duties as assigned by the Company; (E) intentional damage to any property of the Company; or (F) misconduct or other violation of Company policy that causes or reasonably could cause harm. (ii) "Good Reason" shall mean (A) any material diminution by the Company of your title, duties, authority or Base Salary; or (B) a material breach by the Company of any of the provisions contained in this Agreement, which, if capable of being cured, is not cured by the Company within 30 days after written notice thereof by you to the Company.View More
Options. The Company, on the Grant Date, hereby grants to Optionee an unvested option to purchase the number of shares of Common Stock set forth in Section 2 below (the "Option Shares") at an exercise price of $1.45 per share (the "Option"). The Option shall be subject to the terms and provisions of this Agreement and of the Plan, which is incorporated herein by reference.
Options. The Company, on the Grant Date, hereby grants to Optionee an unvested option to purchase the number of up to 60,000 shares of Common Stock set forth in Section 2 below (the "Option Shares") at an exercise price of $1.45 per share (the "Option"). The Option shall be subject to the terms and provisions of this Agreement and of the Plan, which is incorporated herein by reference.
