Shares Subject to Option Clause Samples
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Shares Subject to Option. The Company shall grant to the Participant, effective as of the Grant Date, an option to purchase [●] Shares from the Company, which shall become exercisable, if at all, as provided below in Section 2(a) (the “Option”). This Option relates to the [Class A Common Stock] [Class B Common Stock] of the Company.
Shares Subject to Option. The Company hereby grants to the Employee the option to purchase all or part of an aggregate of «UNITS » shares of common stock of the Company at the purchase price of $ «PRICE » per share.
Shares Subject to Option. Pursuant to your stock option grant(s) and the plan(s) governing those grant(s) (the “Stock Plan”), vesting of your stock options will cease on your Separation Date. Any right to exercise any vested shares will be as set forth in your stock option grant notice, the stock option agreement, and the Stock Plan.
Shares Subject to Option. The shares to be optioned under the Plan will be authorized but unissued Common Shares without par value ("Shares") of Summo. At no time will more than 2,000,000 Shares be under option either pursuant to the Plan or pursuant to other incentive stock options issued by Summo. The number of Shares under option at any specific time to any one Optionee shall not exceed 5% of the issued and outstanding common share capital of Summo, subject to adjustment under Section 12 below. Shares subject to and not delivered under an Option which expires or terminates shall again be available for option under the Plan. The maximum number of Shares which may be issued pursuant to the Plan shall not however exceed 2,000,000 Shares.
Shares Subject to Option. Exercise Price per Share: $ ------------------------- Date of Grant: -------------------------------------
Shares Subject to Option. Pursuant to the provisions of the EnviroSource, Inc. Stock Option Plan for Non-Affiliate Directors, adopted by the Board of Directors of the Corporation as of January 1, 1995 (the "Plan"), the Corporation hereby grants to the Optionee a Stock Option to purchase 5,000 shares of the Common Stock (par value $.05 per share) of the Corporation (the "Optioned Shares") at a price equal to $3.00 per share. The Optionee acknowledges receipt of a copy ofthe Plan, all terms and conditions of which are incorporated herein by reference.
Shares Subject to Option. The Company hereby grants to the Optionee an option to purchase up to ( ) shares of Common Stock ($.01 par value) of the Company (hereinafter called the "Optioned Shares") at a price of US$.50 per share (the "Option Price"), which represents the fair market value of a share of common stock on the date hereof, in accordance with such authority and subject to the terms and conditions and within the period of time hereinafter set forth.
Shares Subject to Option. Pursuant to the provision of the IGI Option Plan, as amended from time to time, (the "Plan"), IGI hereby grants to the Optionee an option to purchase <No_Shares> shares of its Common Stock ($.01 par value) (the "Option Shares") at a price of <Value> per share, in accordance with and subject to all terms and conditions of the Plan and subject to the terms and conditions hereinafter set forth. The Plan and any amendments are hereby incorporated by reference and made a part hereof.
Shares Subject to Option. Pursuant to ▇▇. ▇▇▇▇▇▇▇▇’▇ stock option grant(s) and the plan(s) governing those grant(s) (the “Stock Plan”), vesting of ▇▇. ▇▇▇▇▇▇▇▇’▇ stock options will cease on the Separation Date. Any right to exercise any vested shares will be as set forth in ▇▇. ▇▇▇▇▇▇▇▇’▇ stock option grant notice, applicable stock option agreements, and the Stock Plan.
Shares Subject to Option. The number of shares of Common Stock subject to the option granted under the Agreement is hereby reduced by 98,500 (i.e., from 394,000 to 295,500).