Common use of Exercise Requirements Clause in Contracts

Exercise Requirements. If fewer than the number of Option Shares then available for purchase pursuant to this Option are purchased at any time under this Option, the Optionee may purchase the remaining Option Shares up until the Expiration Date. The Option shall not be exercisable for fractional shares.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Glycogenesys Inc), Option to Purchase Shares of Common Stock (Glycogenesys Inc)