Common use of NUMBER OF SHARES UNDER OPTION Clause in Contracts

NUMBER OF SHARES UNDER OPTION. The Option is immediately vested, and may be exercised by the Optionee to purchase all or a portion of the total number of Shares specified in paragraph 1 at any time prior to the expiration or termination of the Option.

Appears in 7 contracts

Sources: Option Agreement (Non Statutory Stock Option) (Colorado Wyoming Reserve Co), Option Agreement (Non Statutory Stock Option) (Chaudhary Faisal), Option Agreement (Colorado Wyoming Reserve Co)