The Option Agreements Clause Samples
The Option Agreements clause defines the terms under which one party is granted the right, but not the obligation, to purchase or sell certain assets, shares, or interests at a predetermined price within a specified timeframe. Typically, this clause outlines the conditions for exercising the option, the method for determining the exercise price, and any procedural requirements such as notice periods or documentation. Its core practical function is to provide flexibility and certainty for both parties by clearly establishing the framework for future transactions, thereby reducing uncertainty and potential disputes regarding the exercise of such options.
The Option Agreements. The Options were duly authorized and issued pursuant to the Option Agreements and constitute valid and binding obligations of the Company and the Optionholders are entitled to the benefits provided by the Option Agreements; the Option Agreements were duly authorized, executed and delivered and constitute valid and legally binding agreements enforceable against the Company in accordance with their terms except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally or by equitable principles relating to enforceability; and the Options and the Option Agreements conform to the descriptions thereof in Pricing Disclosure Package and the Prospectus.
The Option Agreements. The Option Agreements were duly authorized, executed and delivered and constitute valid and legally binding agreements enforceable against the Company in accordance with their terms except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally or by equitable principles relating to enforceability; and the Options and the Option Agreements conform in all material respects to the descriptions thereof in the Registration Statement, the Time of Sale Information and the Prospectus.
The Option Agreements. The Options were duly authorized and issued pursuant to the Option Agreements and constitute valid and binding obligations of the Company and the Optionholders are entitled to the benefits provided by the Option Agreements; the Option Agreements were duly authorized, executed and delivered and constitute valid and legally binding agreements enforceable against the Company in accordance with their terms except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally or by equitable principles relating to enforceability; and the Options conform to the descriptions thereof in the Time of Sale Information and the Prospectus.
The Option Agreements. The Options were duly authorized and issued pursuant to the Company Stock Plans and constitute valid and binding obligations of the Company and the Optionholder is entitled to the benefits provided by the Option Agreements; the Option Agreements were duly authorized, executed and delivered and constitute valid and legally binding agreements enforceable against the Company in accordance with their terms except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally or by equitable principles relating the enforceability; and the Options and the Company Stock Plans conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus (or any amendment or supplement thereto).
The Option Agreements. The Options to be exercised by the Optionholders were duly authorized and issued pursuant to the Option Agreements and constitute valid and binding obligations of the Company and the Optionholders are entitled to the benefits provided by the Option Agreements; the Option Agreements were duly authorized, executed and delivered and constitute valid and legally binding agreements enforceable against the Company in accordance with their terms except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity); and the Options and the Option Agreements conform to the descriptions thereof in the Pricing Disclosure Package and the Prospectus.