Legal Question in Business Law in Texas

Unit Option Agreement
I currently have a ''Unit Option Agreement'' with my employer. I don't feel the agreement will ever be paid out and I'm planning on leaving the company. The Option price is $.05 per Unit. Can I ask for it to be paid at that price per unit now? I don't understand this next sentence in the agreement, ''The Option Price shall include Optionee's exercising and delivering a counterpart of the Agreement of Limited Partnership of the limited partnership for which Optionee exercises and shall be subject to the terms thereof.'' What does that mean? And, what do I have to do to get these options paid at $ .05 per unit.

Asked on 3/23/07, 8:49 am

Lewis Palomino Law Office of Lewis Palomino

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Re: Unit Option Agreement

There is no way to answer your question without reviewing the terms of the agreement in their totality. Contact an attorney.

Answered on 3/23/07, 11:08 am

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