Certain Options Clause Samples

Certain Options. Markets operate on a margined basis, under which buyers do not pay the full premium on their option at the time they purchase it. In this situation you may subsequently be called upon to pay margin on the option up to the level of your premium. If you fail to do so as requi red, your position may be closed or liquidated in the same way as a futures position.

Certain Options. All options to purchase Company Common Stock issued to the Executive pursuant to Section 1.7 of the Merger Agreement in respect of GlobespanVirata Stock Options (as defined in the Merger Agreement) held by the Executive at the Effective Time that were issued under the Specified GlobespanVirata Option Plans will provide that if the Executive is involuntarily terminated (as defined in the applicable Specified GlobespanVirata Option Plan as in effect on the date hereof) within 24 months after the Effective Time, then such options to purchase Company Common Stock shall automatically accelerate and become fully exercisable upon such termination for a period of 12 months following such involuntary termination. For purposes of this Section 8(e), Specified GlobespanVirata Option Plans means the GlobespanVirata 1999 Equity Incentive Plan and the GlobespanVirata 1999 Supplemental Stock Option Plan.

Certain Options. For a period of 90 days following the First Closing Date, the Company shall not, without your prior written consent, grant any options, warrants or other rights to purchase Class A Shares at a price less than the initial public Offering price of the Class A Shares comprising the Units.

Certain Options. Effective as of the Effective Time and subject to any required shareholder approval necessary to effectuate the following grants, Parent shall grant options to acquire an aggregate of 500,000 shares of common stock of Parent ("Parent Options") to certain employees of the Company, in accordance with Schedule 5.11 hereto (which Schedule may be amended from time to time by executives of the Company prior to the Effective Time, provided (i) such amendment shall have received the consent of Parent and (ii) no amendment shall provide for the grant of shares of common stock of Parent in excess of 500,000 shares). Except as set forth in Schedule 5.11, the Parent Options shall be subject to the terms and conditions set forth in the applicable option plan of Parent (as the same may be amended) and the applicable option agreement.

Certain Options. HSNS agrees that with regard to options on Common Stock obtained through conversion of certain options on Summus stock held by Chri▇ ▇▇▇▇▇▇▇▇ (▇,500 Summus options), Stua▇▇ ▇▇▇▇▇▇▇ (▇▇,000 Summus options), and Kenn▇▇▇ ▇▇▇▇▇ (▇,000 Summus options), when the Company becomes current on its reports required under the Securities Exchange Act of 1934, and provided in each case that the person in question is eligible to use such form, the Company shall file an Form S-8 with regard to such options.

Certain Options. McEntire agrees not to exercise any options held by him to purchase ▇▇▇ ▇▇▇▇ership interests in ProTrader LLC or partnership interests in ProTrader LP.

Certain Options. Lessor hereby grants to Lessee the option to extend --------------- the term of this Lease for two (2) additional sixty (60) month periods commencing when the prior term expires, upon each and all of the following terms and conditions: (a) Lessee gives to Lessor, and Lessor actually receives on a date which is prior to the date that the option period would commence (if exercised) by at least nine (9) and not more than twelve (12) months, a written notice of the exercise of the options to extend this Lease for said additional terms, time being of the essence. If said notification of the exercise of said options are not so given and received, the options shall automatically expire; said options may only be exercised consecutively; (b) The provisions of Paragraph 39, including the provision relating to default of Lessee set forth in Paragraph 39.4 of this Lease are conditions of this Option; (c) All of the terms and conditions of this Lease except where specifically modified by this option shall apply; (d) The monthly rent for each month of the option period shall be calculated as follows, using the method(s) indicated below;

Certain Options. 45 Section 5.12

Certain Options. 48 5.13 Amendment of or Waiver under ProTrader Constituent Documents.......... 48 ARTICLE VI CONDITIONS PRECEDENT