Grant of Option/Distribution Rights Sample Clauses

Grant of Option/Distribution Rights. (a) Interplay hereby grants to UNIVERSAL, and UNIVERSAL hereby accepts from Interplay, the exclusive distribution rights in the Territory to Baldur's Gate: Dark Alliance. (b) Subject to the disbursement of the Funds (as defined in Section 13.17 of this Agreement) to Interplay, Interplay hereby grants to UNIVERSAL, and UNIVERSAL hereby accepts from Interplay, the first option to obtain exclusive distribution rights in the Territory to each Scheduled Title. In regard to Named Titles Interplay hereby grants to UNIVERSAL, and UNIVERSAL hereby accepts from Interplay the exclusive distribution rights in the Territory to each Named Title. Interplay shall present to UNIVERSAL, for UNIVERSAL's review and comment, the Alpha Version of each Scheduled Title. The "Alpha Version" of an Scheduled Title is a complete, running software program containing all the features of the Scheduled Title with all software modules integrated and working together in a usable and testable fashion, but not necessarily including the title screen or demonstration mode. With respect to each such Alpha Version of each such Scheduled Title, UNIVERSAL shall have the right at any time during the *** days following UNIVERSAL's receipt of such Alpha Version to exercise its option to distribute all, but not less than all, SKUs of such Scheduled Title in the Territory, and shall inform Interplay in writing of its decision. If UNIVERSAL fails to provide any written notice to Interplay within such *** day period, UNIVERSAL shall be deemed to have exercised its option to distribute all SKUs of such Scheduled Title in the Territory. If UNIVERSAL elects to exercise it's right to distribute a particular Scheduled Title in the Territory hereunder, then such Scheduled Title will be considered a Product for the purposes of this Agreement. If UNIVERSAL declines to distribute the Scheduled Title, then UNIVERSAL will have no further rights whatsoever in the Scheduled Title and such Scheduled Title will not become a "Product" under this Agreement. Notwithstanding the foregoing, UNIVERSALagrees to exercise its option to obtain exclusive distribution rights in the Territory to each Scheduled Title submitted by Interplay which is of reasonable quality. Interplay agrees to deliver written reports to UNIVERSAL on a regular monthly basis setting forth the identity and the projected release dates for Scheduled Titles then in development. For clarity, in the event the Funds are not disbursed to Interplay for any reason...
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Related to Grant of Option/Distribution Rights

  • Stock Distribution /Rights Exercise Fee by any Holder of ADS(s), a fee not in excess of U.S. $5.00 per 100 ADSs (or fraction thereof) held for the distribution of ADSs pursuant to (a) stock dividends or other free stock distributions, or (b) an exercise of rights to purchase additional ADSs;

  • Grant of Option The Corporation hereby grants to Optionee, as of the Grant Date, an option to purchase up to the number of Option Shares specified in the Grant Notice. The Option Shares shall be purchasable from time to time during the option term specified in Paragraph 2 at the Exercise Price.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Grant of Options Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Company hereby grants to the Participant a NON-QUALIFIED STOCK OPTION (the “Option”) with respect to ___________ shares of Common Stock of the Company.

  • Stock Option Award In the event of Employee’s involuntary Termination of Employment without Cause or Termination of Employment due to a resignation by Employee for Good Reason that, in either case, occurs on or before the second anniversary of a Change in Control, the Stock Option Award shall become exercisable immediately (whether or not previously exercisable) and shall remain exercisable for the three year period following such Termination of Employment. For this purpose, “Good Reason” has the same meaning determined by Employee’s written employment agreement in effect on the Grant Date. In the event there is no such agreement or definition, then Good Reason means the initial existence of one or more of the following conditions, arising without the consent of the Employee: (1) a material diminution in Employee’s base compensation; (2) a material diminution in Employee’s authority, duties, or responsibilities, so as to effectively cause Employee to no longer be performing the duties of his position; (3) a material diminution in the authority, duties, or responsibilities of the supervisor to whom Employee is required to report.