DELIVERY OF SHARES TO OPTIONEE Sample Clauses
The 'Delivery of Shares to Optionee' clause defines the process by which shares are transferred to an individual who has exercised their stock options. Typically, this clause outlines the timing, method, and conditions under which the shares will be issued, such as requiring payment of the exercise price and compliance with any legal or administrative requirements. Its core practical function is to ensure that the optionee receives their shares in a clear, orderly manner once all necessary steps have been completed, thereby providing certainty and transparency in the exercise of stock options.
DELIVERY OF SHARES TO OPTIONEE. As soon as practicable after the expiration of the Unvested Share Repurchase Option, but not more frequently than twice each calendar year, the escrow agent shall deliver to the Optionee the shares and any other property no longer subject to such restriction.
DELIVERY OF SHARES TO OPTIONEE. As soon as practicable after full repayment of any promissory note secured by the shares or other property in escrow, but not more frequently than twice each calendar year, the escrow agent shall deliver to the Optionee the shares and any other property no longer subject to such restrictions and no longer securing any promissory note.
DELIVERY OF SHARES TO OPTIONEE. As soon as practicable after the expiration of the Right of First Refusal, the escrow agent shall deliver to the Optionee the shares no longer subject to such restrictions.
DELIVERY OF SHARES TO OPTIONEE. Upon the Optionee's proper exercise of the Option, the Corporation shall deliver to the Optionee one or more certificates evidencing the number of Shares purchased pursuant to the exercise of the Option and such Shares shall be fully paid and nonassessable.
DELIVERY OF SHARES TO OPTIONEE. As soon as practicable after the expiration of the S Corporation Provisions, the escrow agent shall deliver to the Optionee the shares and any other property no longer subject to such restrictions.
DELIVERY OF SHARES TO OPTIONEE. As soon as practicable after the expiration of the Right of First Refusal, the Vested Share Repurchase Option and the S Corporation Provisions, but not more frequently than twice each calendar year, the escrow agent shall deliver to the Optionee the shares no longer subject to such restrictions and no longer securing any promissory note.
DELIVERY OF SHARES TO OPTIONEE. As soon as practicable after the expiration of the Unvested Share Repurchase Option, Total Share Repurchase Option and Right of First Refusal, but not more frequently than twice each calendar year, the Escrow Holder shall deliver to the Optionee the Shares and any other property no longer subject to such restriction.
DELIVERY OF SHARES TO OPTIONEE. As soon as practicable after (i) the expiration of the Right of First Refusal, (II) THE LAPSE OF THE COMPANY'S REPURCHASE OPTION, and (III) after full repayment on any promissory note secured by the shares in escrow, but not more frequently than twice each year, the agent shall deliver to the Optionee the shares no longer subject to such restrictions and no longer security for any promissory note.
DELIVERY OF SHARES TO OPTIONEE. As soon as practicable after full repayment of any promissory note secured by the shares or other property held in escrow, the escrow agent shall deliver to the Optionee the shares and any other property no longer securing any promissory note.
DELIVERY OF SHARES TO OPTIONEE. As soon as practicable after the expiration of the Unvested Share Repurchase Option and the Right of First Refusal, and after full repayment