Date of Option Grant Sample Clauses
The 'Date of Option Grant' clause defines the specific date on which an option, such as a stock option or purchase right, is officially granted to a recipient. This date is crucial because it typically determines when the vesting period begins and may also set the exercise price based on the market value at that time. By clearly establishing the grant date, the clause ensures transparency and consistency in the administration of options, helping to avoid disputes over vesting schedules and valuation.
Date of Option Grant. Name of Optionee: -------------------------------------- Optionee's Social Security Number: -------------------------------------- Number of Shares of Common Stock Covered by Option: -------------------------------------- Exercise Price per Share: $ -------------------------------------- Vesting Start Date: -------------------------------------- By signing this cover sheet, you agree to all of the terms and conditions described in the attached Agreement and in the Plan, a copy of which is also enclosed. Optionee: --------------------------------------------------------------- (Signature) Company: --------------------------------------------------------------- (Signature) -1- Title: ----------------------------------------------------------- Attachment ---------- THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933 OR THE SECURITIES LAWS OF ANY STATE, AND MAY BE OFFERED AND SOLD ONLY IF REGISTERED AND QUALIFIED PURSUANT TO THE RELEVANT PROVISIONS OF FEDERAL AND STATE SECURITIES LAWS OR IF THE COMPANY IS PROVIDED AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION AND QUALIFICATION UNDER FEDERAL AND STATE SECURITIES LAWS IS NOT REQUIRED. VIVID PUBLISHING, INC. 1997 STOCK OPTION PLAN INCENTIVE STOCK OPTION AGREEMENT (Four Year Vesting with 90-Day Cliff) Incentive Stock Option This option is intended to be an incentive stock option under section 422 of the Internal Revenue Code and will be interpreted accordingly. Vesting Your right to exercise this option vests monthly beginning on the Vesting Start Date, as shown on the cover sheet, provided, however, no portion of this option may be exercised prior to the expiration of ninety (90 days) from the Date of Grant, as shown on the cover sheet. The number of Shares which may be purchased under this option by you at the Purchase Price shall be equal to the difference between (i) the product (rounded to the nearest integer) of the number of full months of your continuous employment with the Company (including all days of any approved leaves of absence) from the Vesting Starting Date times the number of Shares covered by this option times .02083333, minus (ii) the number of Shares purchased pursuant to this Option prior to such exercise. The resulting number of Shares will be rounded to the nearest whole number. No additional Shares will vest after your Company service has terminated for any reason. Notwithstanding anything to the contra...
Date of Option Grant. November 8, 2001 ------------------- Name of Optionee: William McGlashan, Jr. ------------------------ O▇▇▇▇▇▇▇'▇ ▇▇▇▇▇▇ ▇▇▇▇▇ity Number: Number of Shares Covered by Option: 813,000 --------------- Exercise Price per Share: $1.13 ------- Vesting Start Date: November 8, 2001 ----------------- BY SIGNING THIS COVER SHEET, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS DESCRIBED IN THE ATTACHED AGREEMENT AND IN THE PLAN, A COPY OF WHICH IS ALSO ENCLOSED. Optionee: /s/ William McGlashan ------------------------------------------------- (Signature) Company: /s/ David Hayden ------------------------------------------------- (Signature) Title: ---------------------------------- Attachment CRITICAL PATH, INC. AMENDED AND RESTATED 1998 STOCK OPTION PLAN NONSTATUTORY STOCK OPTION AGREEMENT NONSTATUTORY STOCK OPTION This option is not intended to be an incentive stock option under section 422 of the Internal Revenue Code and will be interpreted accordingly. VESTING The Shares under this option will vest in accordance with the vesting schedule indicated below: NUMBER OF OPTIONS VESTING EVENT
Date of Option Grant. The date of an Option grant shall be the date on which the Committee's determination to grant the same is final, or such later date as shall be specified by the Committee in connection with its determination; provided that the date of grant for an Option granted pursuant to Section 6.2 hereof shall be as specified in Section 6.
Date of Option Grant. Name of Optionee (“you”, “your”, or “Optionee”): Number of Shares Covered by Option: Expiration Date:
Date of Option Grant. As of June 1, 2010
Date of Option Grant. This letter is dated ____________, but the Options shall be deemed to have been granted effective as of ____________.