2006 Option Grant Sample Clauses

2006 Option Grant. EMCC and Xxxx acknowledge that a grant of 7,500 options was authorized for Xxxx as part of his 2006 compensation arrangement, but that such options were never issued as a result of the limitations contained in the Plan (the “2006 Option Grant”). Xxxx acknowledges that he has no right, title or interest in and to the 2006 Option Grant and that any claim he may have to additional compensation resulting from the non-issuance of the 2006 Option Grant shall be released and settled in full in exchange for the payment to be made to him hereunder.
AutoNDA by SimpleDocs
2006 Option Grant. As compensation for non-receipt of the 2006 Option Grant, EMCC shall pay Xxxx an amount equal to the estimated “fair value” of the 2006 Option Grant, with such fair value being equal to the number of options contained in the 2006 Option Grant times the per-option grant-date fair value as determined (for those options issued in 2006 to other EMCC employees) in accordance with the Black-Xxxxxxx-Xxxxxx option-pricing model (which method is used by Group for purposes of determining the expense to be recognized in its financial statements as a result of the option grants).
2006 Option Grant. In lieu of the 2006 Option Grant, EMCC shall establish for Xxxxxx’x benefit a stock appreciation rights arrangement that will provide him with the opportunity to achieve the same approximate levels of incentive compensation, based on the performance of the Common Stock, that would have been possible had he received the 2006 Option Grant. The terms and conditions of the arrangement have been incorporated into a Stock Appreciation Rights Agreement (the “SAR Agreement”). The SAR Agreement will be executed by EMCC and Xxxxxx on the Effective Date.
2006 Option Grant. The Executive shall be granted a stock option to purchase 250,000 shares of Company common stock, effective April 1, 2006, subject to the satisfactory performance of the Executive as determined by the Compensation Committee and subject to further action by the Compensation Committee, which shall have an exercise price equal to the fair market value of the Company’s common stock on the date of grant and shall vest over a period of four years from the date of grant, as follows: 20% (50,000 shares) on April 1, 2007; 20% (50,000 shares) on April 1, 2008; 20% (50,000 shares) on April 1, 2009; and 40% (100,000 shares) on April 1, 2010.

Related to 2006 Option Grant

  • Option Grant The Company hereby grants to the Optionee on the terms and conditions of this Agreement the right and the option (the “Option”) to purchase all or any part of shares of the Company’s Class A Common Stock at a purchase price of $ per share. The terms and conditions of the Option grant set forth in attached Exhibit A are incorporated into and made a part of this Agreement. The Option is intended to be an Incentive Stock Option as defined in Section 422 of the Internal Revenue Code of 1986, as amended.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Initial Option Grant As of the end of the day of the date this Agreement is signed by the Company and Employee, the Company shall grant Employee an option to purchase the number of shares described in Exhibit A of common stock of the Company under the Company's 1992 Stock Option Plan, as amended, having an exercise price per share equal to the fair market value (as defined in the Stock Option Plan) of a share of common stock of the Company. Except as otherwise provided in the Stock Option Plan, the option shall become exercisable as described in Exhibit A.

  • Stock Option Grants Executive will receive an annual grant of stock options during the term of this Agreement in a manner and under terms that are consistent with grants made to other executives of the Company.

  • Option Award The Company hereby awards Grantee an Option to purchase shares of Company common stock, par value $.01 per share (“Shares”), pursuant to this Agreement at an exercise price per Share of $XX.XX, subject to the terms and conditions set forth herein and in the Plan. The Option may not be exercised in whole or in part as of the Grant Date, and becomes exercisable only if and to the extent provided in the following paragraphs and otherwise subject to and in accordance with the Plan.

  • Stock Option The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth on Schedule A. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time prior to the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement. Schedule A sets forth the date or dates after which the Optionee may exercise all or part of the Stock Option, subject to the provisions of the Plan.

  • Initial Stock Option Grant You will be awarded options in respect of Koninklijke common stock (your “Initial Stock Options”). The number of Initial Stock Options to be awarded to you is stated in the Schedule. The vesting schedule for your Initial Stock Options is stated in the Schedule. Your Initial Stock Options will be subject to the terms of LTIP and to the terms of your award agreement under it.

  • Option Granted In consideration of the payment of RMB10 by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”) to purchase the equity interests in Party C then held by Party B once or at multiple times at any time in part or in whole at Party A’s sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or non-corporate organizations.

  • NOTICE OF STOCK OPTION GRANT Name: Address: You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Vesting Commencement Date Exercise Price per Share $ Total Number of Shares Granted Total Exercise Price $ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date:

  • Option Grants During the Employment Period, Executive shall be eligible to participate in the Instinet 2000 Stock Option Plan (as the same may be amended and in effect from time to time, the "2000 Option Plan") and any subsequent stock option plan maintained by the Company for its senior executives, subject to the review and approval of the Compensation Committee. The terms and conditions of all options to purchase shares of common stock granted to Executive under the 2000 Option Plan or under any prior or subsequent stock option plan maintained by the Company or its Affiliates (including any options granted to Executive prior to the Commencement Date) (collectively, the "Options"), including the grant, vesting, exercise, payment and all other terms of such Options, shall be governed by the terms of the stock option plan under which such Options were granted, as such plan or plans may be amended and in effect from time to time.

Time is Money Join Law Insider Premium to draft better contracts faster.