Nature of Options. (a) Each Option will grant the holder of that Option the right but not the obligation to be issued by the Company one Share at the Options Exercise Price. (b) Each Option will be exercisable by the Option holder complying with its obligations under this clause 16, at any time after the time of its grant and prior to the Options Expiration Date, after which time it will lapse.
Appears in 3 contracts
Sources: Convertible Securities Agreement (G Medical Innovations Holdings Ltd.), Convertible Securities Agreement (G Medical Innovations Holdings Ltd.), Convertible Securities Agreement (G Medical Innovations Holdings Ltd.)
Nature of Options. (a) Each Option will grant the holder of that Option the right but not the obligation to be issued by the Company one Share at the Options Exercise Price.
(b) Each Option will be exercisable by the Option holder complying with its obligations under this clause 16β18, at any time after the time of its grant and prior to the Options Expiration Date, after which time it will lapse.
Appears in 1 contract
Sources: Convertible Securities Agreement (Anteris Technologies Global Corp.)