Common use of Confirmation of Grant Clause in Contracts

Confirmation of Grant. (i) The Company hereby evidences and confirms its grant to the Grantee, effective as of the Grant Date, of options to purchase 5,556 shares of Common Stock. (ii) The options evidenced hereby are intended to be non-incentive stock options.

Appears in 6 contracts

Sources: Redemption Agreement (SoulCycle Inc.), Redemption Agreement (SoulCycle Inc.), Option Agreement (SoulCycle Inc.)

Confirmation of Grant. (i) The Company hereby evidences and confirms its grant to the Grantee, effective as of the Grant Date, of options to purchase 5,556 11,111 shares of Common Stock. (ii) The options evidenced hereby are intended to be non-incentive stock options.

Appears in 6 contracts

Sources: Redemption Agreement (SoulCycle Inc.), Redemption Agreement (SoulCycle Inc.), Option Agreement (SoulCycle Inc.)