Qualified Stock Options. 3. If the Company approves the exercise of the SARs, written notice must be given to the Company stating the number of shares in the Options in respect of which the SARs are being exercised. In due course, you will receive payment in cash in an amount equal to the difference between the Fair Market Value (as defined in the Plan) of one share of the Common Stock on the date of exercise of the SARs and the Option Exercise Price per Share specified in respect of the Options times the number of shares in respect of which the SARs shall have been exercised. Such payment shall be subject to reduction for withholding taxes.
Qualified Stock Options. (a) Xxxxxxxx shall be issued 500,000 stock options from the company with a $.10 per option strike price. Such options shall vest at the rate of 33 and third percent on an annual basis for three years. This plan will be consistent with the executive stock option plan and part of a qualified stock option plan. The Company shall cancel options not vested upon termination or resignation. Under the terms hereinabove, immediately and Xxxxxxxx will have 60 days to exercise stock options. Options shall automatically expire seven years from date they are vested.
Qualified Stock Options. Upon the occurrence of a Transaction (as defined in Section 4 hereof) or a Qualified Termination Event occurring prior to the Closing Date, Employee shall be entitled to the following treatment of stock options to purchase shares of common stock of the Company (“Common Stock”) heretofore granted to him under the Company’s 1995 Stock Plan or 1996 Stock Plan, each as amended (the “Stock Plans”), that have not been terminated, cancelled or otherwise surrendered (collectively, the “Qualified Stock Options”):
Qualified Stock Options. The Company will seek to adopt for its employees a qualified incentive stock option plan (the "Stock Option Plan") during the first twelve (12) months following the Effective Time. It is contemplated that the Executive shall be a participant in the Stock Option Plan in accordance with Company policies.
Qualified Stock Options. It is the intent of Employer to seek approval by Employer’s shareholders of the Stock Option Plan at Employer’s 2006 annual shareholders’ meeting and, if approved by such shareholders, the options granted to Employee as contemplated by Section 5.01 shall constitute incentive stock options as such term is defined under Xxxxxxx 000 xx xxx Xxxxxx Xxxxxx Internal Revenue Code; provided, however, that in the event such Stock Option Plan is not, for any reason, approved by such shareholders, the options granted to Employee pursuant to such Stock Option Plan as contemplated hereby shall be nonqualified options. Employer does not represent or warrant that the options granted as contemplated hereby will be or are capable of becoming qualified stock options within the meaning of Section 422 of the U.S. Internal Revenue Code or that the Stock Option Plan will be approved by Employer’s shareholders at any time. Nothing herein shall obligate Employer to take any act or refrain from taking any act in furtherance of qualifying such stock options under Section 422.
Qualified Stock Options. Under current law, an option holder will not realize taxable income upon the grant of an option which is not qualified as an incentive stock option, also referred to as a nonstatutory stock option. However, when an option holder exercises the option, the difference between the exercise price of the option, and the fair market value of the shares subject to the option on the date of exercise will be compensation income taxable to the option holder. We will be entitled to a deduction equal to the amount of compensation income taxable to the option holder if we comply with eligible reporting requirements. WE RECOMMEND THAT YOU CONSULT YOUR OWN TAX ADVISOR WITH RESPECT TO THE FEDERAL, STATE, LOCAL AND FOREIGN TAX CONSEQUENCES OF PARTICIPATING IN THE OFFER.
Qualified Stock Options. The Options terminate automatically and shall not be exercisable by you from and after the date on which you cease to be an employee of the Company or one of its subsidiaries for any reason other than your death, Retirement or Disability. In the event of your death, Retirement or Disability while an employee of the Company or one of its subsidiaries (and having been an employee continuously since the Date of Grant) during the exercise period on any date which is more than six (6) months after the Date of Grant of the Incentive Stock Options specified on the first page of this Grant Agreement or more than six (6) months after the Date of Grant of Non-Qualified Stock Investment Options specified at paragraph 4 of this Grant Agreement, the Options shall become immediately exercisable and, except as provided below in the event of your death, shall be exercisable by you for the remainder of the term of the Option grant. In the event of your death, the Options may be exercised up to three years after date of death by the person or persons to whom your rights in the options passed by your will or according to the laws of descent and distribution. Nothing contained herein shall restrict the right of the Company or any of its subsidiaries to terminate your employment at any time, with or without cause. 2005 Plan Master ISO ISO Grant Agreement (Cont'd) Date PART III - GENERAL PROVISIONS (Cont'd)
Qualified Stock Options. As of December 31, 1999, we had outstanding non-qualified stock options to purchase 27,024,740 shares issued to various employees, consultants and directors pursuant to the 1997 Omnibus Plan and the 1999 Omnibus Plan. The options entitle holders to purchase common stock at a weighted average exercise price of approximately $13.93 per share, subject to adjustment in accordance with the 1997 Omnibus Plan and the 1999 Omnibus Plan. Year 2000 Readiness Disclosure The following disclosure may be deemed "Year 2000 Readiness Disclosure" pursuant to the Year 2000 Information and Readiness Disclosure Act. Since inception, the Company has dedicated substantial resources to address the potential issues related to Year 2000 programming and related concerns. As a result of these efforts, the Company has not experienced to date any material disruption in its operations in connection with, or following, the transition of Year 2000. Since the Company was cognizant of Year 2000 issues during the development of its systems and products since inception, specific costs related to Year 2000 issues can not be quantified. There were no material additional costs incurred to make any previously existing product or services Year 2000 compliant. Information Regarding Forward Looking Statements See "Special Note Regarding Forward Looking Statements." -------- Item 7A. Quantitative and Qualitative Disclosure About Market Risk Xxxxxxxxx.xxx currently has no floating rate indebtedness, holds no derivative instruments other than through investments in licensees described in this Annual Report on Form 10-K and does not earn significant foreign-sourced income. Accordingly, changes in interest rates or currency exchange rates do not generally have a direct effect on xxxxxxxxx.xxx's financial position. However, changes in currency exchange rates may affect the cost of international airline tickets and international hotel reservations offered through the xxxxxxxxx.xxx service, and so indirectly affect consumer demand for such products and xxxxxxxxx.xxx's revenue. In addition, to the extent that changes in interest rates and currency exchange rates affect general economic conditions, xxxxxxxxx.xxx would also be affected by such changes.
Qualified Stock Options. This Second Amended and Restated Stock Option Grant Agreement (this “Agreement”) is made effective as of this 28TH day of March, 2012 between Neiman Marcus, Inc. (the “Company”) and ( ) (the “Participant”).
Qualified Stock Options. 1.04(a) SEC......................................................... 3.07(a) Service..................................................... 3.13(h) Share(s).................................................... 1.02(a) Stockholders................................................
