Common Stock Purchase Options Sample Clauses

The Common Stock Purchase Options clause defines the terms under which an individual or entity has the right to purchase shares of common stock in a company, typically at a predetermined price and within a specified time frame. This clause outlines the number of shares available for purchase, the exercise price, and any conditions or restrictions on exercising the option, such as vesting schedules or expiration dates. Its core practical function is to provide a mechanism for incentivizing employees, investors, or other stakeholders by granting them the potential to acquire equity in the company, thereby aligning their interests with the company's success.
Common Stock Purchase Options. Upon execution of this agreement, Executive will be issued One Million Two Hundred Thousand (1,200,000) shares of common stock of the Company. Executive will additionally be issued a non-qualified stock option, as defined in the Internal Revenue Code of 1986, as amended, to purchase up to One Million Two Hundred Thousand (1,200,000) common shares of the Company, par value $.001. The exercise price of the incentive stock options will be priced at five cents ($.05) per share or 50% of the fair market value of the common stock, whichever is the lesser of the two, determined with reference to the average closing price of common stock as reported by the Electronic Bulletin Board of the prior 10 trading days of the exercise date of each option period. Options shall be issued with a cashless exercise option. The options will expire 10 years after the issuance.
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Common Stock Purchase Options. Upon closing of the purchase of 100% of the equity interests of the Company by the Parent, Executive will be issued an incentive stock option, as defined in the Internal Revenue Code of 1986, as amended, to purchase up to 2,000,000 common shares, par value $.001, of Parent. The exercise price of the incentive stock options will be equal to the fair market value of Parent's common stick, determined with reference to the price of the last sale of Parent common stock as reported by the Electronic Bulletin Board on the day of closing of the purchase and sale. One-third of the original number of options may be exercised respectively on the first, second and third anniversary of the closing of the purchase and sale. The options will expire ten years after the closing of the purchase and sale.
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Common Stock Purchase Options. As additional consideration under the Investor Relations Agreement, La-Man hereby grants to Halyx options ("Option" or "Options") to purchase up to 50,000 newly issued shares of Common Stock (the "Underlying Shares") from La-Man on the following terms and conditions: (a) The exercise price shall be $1.5422 per share, such price being equal to 105% of the quoted trading price of the Common Stock on the March 18, 1997 grant date, as published by The Nasdaq SmallCap Market. (b) The expiration date of the Options shall be March 17, 2001. (c) The Options shall vest and become exercisable as follows: (i) Options for 15,000 Underlying Shares shall vest and become irrevocable and exercisable on and after March 18, 1997; (ii) Options for 15,000 Underlying Shares shall vest and become irrevocable and exercisable on September 18, 1997; and (iii) Options for the remaining 20,000 Underlying Shares shall vest and become irrevocable and exercisable on March 18, 1998. (d) Options shall be exercised in blocks of 1,000 shares or any multiple thereof. (e) Notwithstanding any provisions contained in this Agreement to the contrary, any and all Options not vested upon the effective date of termination of the Investor Relations Agreement shall terminate, be deemed null and void, and be of no further force and effect.
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Common Stock Purchase Options. As additional consideration under the FPR Agreement, the Company hereby grants to Pacific options ("Option" or "Options") to purchase up to 135,000 newly issued shares of Common Stock (the "Underlying Shares") from La-Man on the following terms and conditions: (a) The expiration date of the Options shall be August 28, 2001. (b) The Options shall be exercisable as follows: (i) Options for 75,000 Underlying Shares shall be exercisable at the price of $3.25 per share; (ii) Options for 30,000 Underlying Shares shall be exercisable at the price of $3.75 per share; and (iii) Options for the remaining 30,000 Underlying Shares shall be exercisable at the price of $4.50 per share. (c) Options shall be exercised in blocks of 5,000 shares or any multiple thereof. (d) Pacific may exercise the Options by delivering written notice to the Company stating the number of Options to be exercised, accompanied by check or other good funds in the amount of the total exercise price. Also, Pacific may surrender all or part of the Options and receive in exchange an amount equal to the difference between the then fair market value of the Underlying Shares issuable upon exercise of the Option surrendered and the option price payable upon exercise of the Option surrendered (the "Spread"). Such rights: (i) will expire no later than the expiration of the Options; (ii) may be for no more than 100% of the Spread; (iii) will be transferable only if and when the underlying Option is transferable, and under the same conditions; (iv) shall be exercised only when the Underlying Shares that are issuable upon exercise of such Option have been registered under the Securities Act or may be sold publicly under Rule 144 promulgated under the Securities Act; and (v) may be exercised only when the Spread is positive, i.e., when the market price of the Common Stock subject to the Option exceeds the exercise price of such Option.
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Common Stock Purchase Options. Upon execution of this Agreement, Service Provider shall also be granted 100,000 5-year options priced at 100% of the fair market value of WMTC common stock at the Effective Date. Vesting for the options will be as follows: 25% immediately and 12.5% as of the end of each three-month period thereafter until fully
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Common Stock Purchase Options. Upon execution of this agreement, Executive will be issued One Million (1,000,000) shares of common stock of the Company. Executive will additionally be issued a non-qualified stock option, as defined in the Internal Revenue Code of 1986, as amended, to purchase up to Two Million (2,000,000) common shares of the Company, par value $.001. The exercise price of the incentive stock options will be priced at five cents ($.05) per share or 50% of the fair market value of the common stock, whichever is the lesser of the two, determined with reference to the average closing price of common stock as reported by the Electronic Bulletin Board of the prior 10 trading days of the exercise date of each option period. Options shall be issued with a cashless exercise option. One-fourth of the original number of options may be exercised respectively on the expiration of the first, second, third and fourth six month period after the original issuance. The options will expire 10 years after the issuance. Any change in ownership, or subsequent licensing agreements, that constitute a majority ownership transfer, or transfer of management control of OVADX, except for the creation of subsidiaries to this corporation, will accelerate the exercise schedule as listed in 4.05. At the event of any or all of the above, all options may be immediately exercised.
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Related to Common Stock Purchase Options

  • Purchase Options Neither the Property nor any part thereof is subject to any purchase options or other similar rights in favor of third parties.

  • Purchase Warrants The Company hereby agrees to issue to the Representative (and/or its designees) on the Closing Date a warrant (“Representatives’ Warrants”) for the purchase of an aggregate of [__] shares of Common Stock, representing 3% of the number of Firm Shares. The agreement(s) representing the Representatives’ Warrants, in the form attached hereto as Exhibit A (the “Representatives’ Warrant Agreement”), shall be exercisable, in whole or in part, commencing on a date which is six (6) months after the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per share of Common Stock of $[__], which is equal to 100.0% of the initial public offering price of the Firm Shares. The Representatives’ Warrant Agreement and the shares of Common Stock issuable upon exercise thereof are hereinafter referred to together as the “Representatives’ Securities.” The Representatives understand and agree that there are significant restrictions pursuant to FINRA Rule 5110 against transferring the Representatives’ Warrant Agreement and the underlying shares of Common Stock during the one hundred and eighty (180) days after the Effective Date and by its acceptance thereof shall agree that it will not sell, transfer, assign, pledge or hypothecate the Representatives’ Warrant Agreement, or any portion thereof, or be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of such securities for a period of one hundred and eighty (180) days following the Effective Date to anyone other than (i) an Underwriter or a selected dealer in connection with the Offering, or (ii) a bona fide officer or partner of the Representatives or of any such Underwriter or selected dealer; and only if any such transferee agrees to the foregoing lock-up restrictions.

  • Common Shares 4 Company...................................................................................... 4

  • Exercise of Purchase Options Nothing contained in this Purchase Option shall be construed as requiring the Holder(s) to exercise their Purchase Options or Warrants underlying such Purchase Options prior to or after the initial filing of any registration statement or the effectiveness thereof.

  • Options, Warrants, Reserved Shares Except for (i) the conversion privileges of the Preferred Shares, (ii) up to 26,822,828 Common Shares reserved for issuance (or issuance of options therefor) to the employees of, and the advisors and consultants to, the Company and the Subsidiaries pursuant to the Company’s 2010 share incentive plan (the “2010 ESOP Plan”) adopted by the Company by shareholders resolutions on December 30, 2010, of which the options for 21,060,606 shares have been issued pursuant to the 2010 ESOP Plan, (iii) the Common Shares reserved for issuance upon the conversion of the Preferred Shares, (iv) the warrant issued to Xiaomi Ventures Limited for the subscription of 17,744,264 Series E Shares on the terms and conditions thereof (“Xiaomi Warrant”), and (v) the warrant issued to Skyline Global Company Holdings Limited for the subscription of 3,406,899 Series E Shares (“Skyline Warrant”), there are no options, warrants, conversion privileges or other rights, or agreements with respect to the issuance thereof, presently outstanding to purchase any of the shares of the Company. Except as set forth in the Restated Shareholders Agreement, no shares of the Company’s outstanding share capital or shares issuable upon conversion, exercise or exchange of any outstanding options or other convertible, exercisable or exchangeable securities issued or issuable by the Company, are subject to any preemptive rights, rights of first refusal or other rights to purchase such shares (whether in favor of the Company or any other person). There have been no exercises of the conversion rights of any Preferred Share since the issuance of such class of securities.