Common use of Exercise Consideration Clause in Contracts

Exercise Consideration. Unless otherwise agreed by the Parties hereto, Grantors unanimously agree that, when Party A or its designated third party exercises the option, all exercise considerations obtained by Grantors therefor shall be immediately given to Party A or its designated third party free of charge.

Appears in 13 contracts

Sources: Option Agreement (Sunlands Technology Group), Option Agreement (Sunlands Technology Group), Option Agreement (Sunlands Technology Group)

Exercise Consideration. Unless otherwise agreed by the Parties hereto, Grantors unanimously agree that, when Party A or its designated third party exercises the option, all exercise considerations obtained by Grantors therefor shall be immediately given to Party A or its designated third party free of charge.. 2.3

Appears in 1 contract

Sources: Option Agreement