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 Purchaser was granted an option (the "Option") to purchase shares of Common Stock pursuant to the terms of the Plan and the Stock Option Agreement between the Company and the Purchaser dated _____________________, as follows: Type of Option (check one): ____ Incentive Stock Option ____ Non-qualified Stock Option Grant Date: ___________________________________ Number of Option shares: ________________________ Exercise Price per share: _________________________ Expiration Date: _______________..._________________ 2. Exercise of Option. The Purchaser hereby elects to exercise the Option to purchase ________ shares of Common Stock ("Shares"), all of which are vested pursuant to the terms of the Stock Option Agreement. The total Exercise Price for all of the Shares is _____________ (Total Shares times Exercise Price per Share).View More
Options. The Purchaser was granted an option (the "Option") Tenant has no outstanding options or rights to renew or extend the term of the Lease, or expansion options, or cancellation options, rights of first refusal, or rights of first offer to lease other space within the Building except: _________________ [list specific section references]. Tenant has no outstanding options, rights of first refusal or rights of first offer to purchase shares of Common Stock pursuant to the terms Premises or any part t...hereof or all or any part of the Plan and Building and/or the Stock Option Agreement between the Company and the Purchaser dated _____________________, as follows: Type of Option (check one): ____ Incentive Stock Option ____ Non-qualified Stock Option Grant Date: ___________________________________ Number of Option shares: ________________________ Exercise Price per share: _________________________ Expiration Date: ________________________________ 2. Exercise of Option. The Purchaser hereby elects to exercise the Option to purchase ________ shares of Common Stock ("Shares"), all of which are vested pursuant to the terms of the Stock Option Agreement. The total Exercise Price for all of the Shares is _____________ (Total Shares times Exercise Price per Share). Lot. View More
Options. The Purchaser I was granted an option (the "Option") to purchase shares of Common Stock the common stock (the "Shares") of Lesaka Technologies Inc. (the "Company") pursuant to the terms of the Plan and the my Stock Option Agreement between the Company and the Purchaser dated _____________________, (the "Agreement") as follows: Type of Option (check one): ____ Incentive Stock Option ____ Non-qualified Stock Option Grant Date: ___________________________________ Number of Option shares: __________...______________ Shares: Exercise Price per share: _________________________ Expiration Date: ________________________________ Share: US$ 2. Exercise of Option. The Purchaser I hereby elects elect to exercise the Option to purchase ________ shares the following number of Common Stock ("Shares"), Shares in accordance with the Agreement: Total Shares Purchased: Total Exercise Price (Total Shares X Price per Share) US$ 3. Payments. I enclose payment in full of the total exercise price for the Shares in the following form(s), as authorized by my Agreement: ☐ Cash: US$ ☐ Check: US$ ☐ Tender of Company Stock: Contact Company ☐ Promissory Note: Contact Company 4. Tax and Social Insurance Withholding. I authorize payroll withholding and otherwise will make adequate provision for the federal, state, local and foreign tax and social insurance withholding obligations, if any, of the Company or its affiliate in connection with the Option. I enclose payment in full of my withholding taxes, if any, as follows: (Contact Company for amount of tax due.)☐ Cash: US$ ☐ Check: US$ 5. Employee Information.My address is: My Tax Identification Number is: 2 6. Binding Effect. I agree that the Shares are being acquired in accordance with and subject to the terms, provisions and conditions of the Agreement, to all of which are vested I hereby expressly assent. This Agreement shall inure to the benefit of and be binding upon my heirs, executors, administrators, successors and assigns. I understand that I am purchasing the Shares pursuant to the terms of my Agreement, a copy of which I have received and carefully read and understand. Very truly yours, ____________________________________ (Signature) Receipt of the above is hereby acknowledged. LESAKA TECHNOLOGIES INC. By: Title: Dated: EX-10.50 9 ex1050.htm EX-10.50 ex1050 1 LESAKA TECHNOLOGIES INC.STOCK OPTION AGREEMENT Lesaka Technologies Inc., a Florida corporation (the "Company") has granted to the Employee named below (the "Employee"), effective as of the Grant Date specified below, an option (the "Option") to purchase certain shares of common stock, par value $0.001 per share, of the Company (the "Shares") upon the terms and conditions set forth in this Stock Option Agreement (the "Agreement") and the Amended and Restated Stock Incentive Plan of Lesaka Technologies Inc. (the "Plan"), the provisions of which are incorporated into the Agreement. The total Exercise Price for By signing this Agreement, the Employee: (a) acknowledges he/she has read this Agreement, (b) accepts the Option subject to all of the terms and conditions of this Agreement, and (c) agrees to accept as binding, conclusive and final all decisions or interpretations of the Company upon any questions arising under this Agreement. For purposes of this Agreement, actions and determinations to be made by the Company may be made by the Board of Directors of the Company or by such committee or delegate as may be appointed by the Board of Directors from time to time. Name of Employee: __________________________ Grant Date: __________________________ Number of Option Shares: __________________________ Exercise Price: US$ ____ per Share Option Expiration Date: Tenth anniversary of the Grant Date For clarity, as used in this Agreement, the term "exercise" means to acquire ownership of Shares which are the subject of the Option in accordance with the terms of this Agreement. Except as provided in Section 6 below, the aggregate number of whole Shares for which this Option may be exercised as of any date is _____________ (Total determined by multiplying the number of Option Shares times listed above by the following percentage, and reducing that result by the number of Shares previously acquired upon exercise of the Option: Exercise Price per Share). Date Percentage Prior to the first anniversary of the Grant Date 0% On or after the first anniversary of the Grant Date and prior to the second anniversary of the Grant Date 33.33% On or after the second anniversary of the Grant Date and prior to the third anniversary of the Grant Date 66.66% On or after the third anniversary of the Grant Date. 100.00% Exhibit 10.50 1 The Option shall not become exercisable for any additional Option Shares after the date the Employee's employment or other service with the Company and its affiliates terminates for any reason. View More
Options. (a) Options Generally. An Award of Options shall be subject to the terms and conditions established by the Committee in connection with the Award and specified in the applicable Award Document. The Committee shall establish (or shall authorize the method for establishing) the exercise price of all Options awarded under the Plan, except that the exercise price of an Option shall not be less than 100% of the Fair Market Value of one Share on the Award Date. Notwithstanding the foregoing, the exerc...ise price of an Option that is a Substitute Award may be less than the Fair Market Value per Share on the Award Date, provided that such substitution complies with applicable laws and regulations, including the listing requirements of the New York Stock Exchange and Section 409A or Section 424, as applicable, of the Code. Upon satisfaction of the conditions to exercisability of the Award, a Participant shall be entitled to exercise the Options included in the Award and to have delivered, upon Morgan Stanley's receipt of payment of the exercise price and completion of any other conditions or procedures specified by Morgan Stanley, the number of Shares in respect of which the Options shall have been exercised. Options may be either nonqualified stock options or Incentive Stock Options. Options and the Shares acquired upon exercise of Options may, among other things, be subject to restrictions on transfer, vesting requirements or cancellation under specified circumstances. (b) Prohibition on Restoration Option and SAR Grants. Anything in the Plan to the contrary notwithstanding, the terms of an Option or SAR shall not provide that a new Option or SAR will be granted, automatically and without additional consideration in excess of the exercise price of the underlying Option or SAR, to a Participant upon exercise of the Option or SAR. (c) Prohibition on Repricing of Options and SARs. Anything in the Plan to the contrary notwithstanding, the Committee may not reprice any Option or SAR. "Reprice" means any action that constitutes a "repricing" under the rules of the New York Stock Exchange or, except as otherwise expressly provided in Section 4(b), any other amendment to an outstanding Option or SAR that has the effect of reducing its exercise price or any cancellation of an outstanding Option or SAR in exchange for cash or another Award. (d) Payment of Exercise Price. Subject to the provisions of the applicable Award Document and to the extent authorized by rules and procedures of Morgan Stanley from time to time, the exercise price of the Option may be paid in cash, by actual delivery or attestation to ownership of freely transferable Shares already owned by the person exercising the Option, or by such other means as Morgan Stanley may authorize. (e) Maximum Term on Stock Options and SARs. No Option or SAR shall have an expiration date that is later than the tenth anniversary of the Award Date thereof.View More
Options. (a) Options Generally. An Award of Options shall be subject to the terms and conditions established by the Committee in connection with the Award and specified in the applicable Award Document. The Committee shall establish (or shall authorize the method for establishing) the exercise price of all Options awarded under the Plan, except that the exercise price of an Option shall not be less than 100% of the Fair Market Value of one Share on the Award Date. Notwithstanding the foregoing, the exerc...ise price of an Option that is a Substitute Award may be less than the Fair Market Value per Share on the Award Date, provided that such substitution complies with applicable laws and regulations, including the listing requirements of the New York Stock Exchange exchange of primary listing and Section 409A or Section 424, as applicable, 424 of the Code. Code, as applicable. Upon satisfaction of the conditions to exercisability of the Award, a Participant shall be entitled to exercise the Options included in the Award and to have delivered, upon Morgan Stanley's MSCI's receipt of payment of the exercise price and completion of any other conditions or procedures specified by Morgan Stanley, MSCI, the number of Shares in respect of which the Options shall have been exercised. Options may be either nonqualified stock options or Incentive Stock Options. Options and the Shares acquired upon exercise of Options may, among other things, be subject to restrictions on transfer, vesting requirements or cancellation under specified circumstances. (b) Prohibition on Restoration Option and SAR Grants. Anything in the Plan to the contrary notwithstanding, the terms of an Option or SAR shall not provide that a new Option or SAR will be granted, automatically and without additional consideration in excess of the exercise price of the underlying Option or SAR, Option, to a Participant upon exercise of the Option or SAR. Option. (c) Prohibition on Repricing of Options and SARs. Anything in the Plan to the contrary notwithstanding, the Committee may not reprice any Option or SAR. "Reprice" means any of the following or any other action that constitutes a "repricing" under has the rules of the New York Stock Exchange or, except as otherwise expressly provided in Section 4(b), any other amendment to same effect: (i) amending an outstanding Option or SAR that has the effect of reducing to reduce its exercise price, (ii) canceling an Option or SAR at a time when its exercise price or any cancellation exceeds the Fair Market Value of an outstanding Option or SAR one Share in exchange for cash an Option, SAR, Restricted Stock, Stock Unit, Performance-Based Award or another Award. Other Award, unless the cancellation or exchange occurs in connection with a merger, acquisition, spin-off or other similar corporate transaction; or (iii) taking any other action that is treated as a repricing under generally accepted accounting principles; provided, however, that adjustments pursuant to Section 4(b) shall not be deemed to be a repricing that is prohibited by this Section 9(c). (d) Payment of Exercise Price. Subject to the provisions of the applicable Award Document and to the extent authorized by rules and procedures of Morgan Stanley MSCI from time to time, the exercise price of the Option may be paid in cash, by actual delivery or attestation to ownership of freely transferable Shares already owned by the person exercising the Option, or by such other means as Morgan Stanley MSCI may authorize. 5 (e) Maximum Term on Stock Options and SARs. No Option or SAR shall have an expiration date that is later than the tenth anniversary of the Award Date thereof. View More
