Additional Grant of Stock Options Sample Clauses

Additional Grant of Stock Options. ("New Option Agreement"): -------------------- Effective as of the date of this Amendment ("Option Grant Date"), ----------------- Executive shall be awarded a stock option (the "Additional Stock ---------------- Option") to purchase Fifty Thousand (50,000) shares of the Company's ------ Series B Common Stock, par value $.0001 per share (the "Common ------ Stock"). The shares of Common Stock subject to the Additional Stock Option shall vest in increments of Twenty Thousand (20,000) shares on August 1, 2001; Fifteen Thousand (15,000) shares on August 1, 2002; and Fifteen Thousand (15,000) shares on August 2, 2003. The Purchase Price for the Common Stock covered by the Additional Stock Option shall be equal to the fair market value of the Common Stock as measured by the closing price of a share of Common Stock on NASDAQ on the Option Grant Date. The Additional Stock Option will be granted under the 1999 Equity Incentive Plan of FirstWorld Communications, Inc. (the "Plan") and the terms and conditions of the Additional Stock ---- Option will be determined in accordance with the Plan; provided however, to the extent such terms of the Plan or the New Option Agreement conflict with the terms of the Employment Agreement, as amended, the terms of the Employment Agreement will control. To the extent permissible under applicable law and the Plan, the Additional Stock Option granted under the New Option Agreement will be granted as incentive stock options.
Sample 1See All (5)
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Additional Grant of Stock Options. As consideration for the services provided by Executive pursuant to this Agreement, Employer shall grant to Executive a total of 100,000 stock options to purchase shares of Employer's Common Stock ("Additional Option Grant"), such options to be issued on or before the Closing Date. All 100,000 options conferred by the Additional Option Grant shall vest on the one-year anniversary of the Effective Date of this Agreement. The terms and conditions of this Additional Option Grant are set forth in a Stock Option Agreement dated _______, 2000, and appended to this Agreement as Exhibit B. In the event that Employer chooses to terminate Executive's employment at any time prior to the Separation Date for any reason other than Cause, as defined herein, all stock options granted under this Section 7 shall immediately vest. "Cause," for purposes of this Section 7, shall be defined as (i) theft, destruction, misappropriation of Employer's Company property; (ii) conviction of a felony; (iii) willful and material disregard of reasonable directives from Net IQ's Board of Directors, provided that the Board shall provide Executive with written notice that such event shall have occurred ("Notice of Disregard") and shall further allow Executive 30 days in which to cure such disregard, and provided further that the Board shall provide an opportunity for the Executive to be heard if there is no cure within 30 days of the Notice of Disregard; and (iv) Breach of Fiduciary Duty, provided that the Board shall provide Executive with written notice that such event shall have occurred ("Notice of Breach of Fiduciary Duty") and shall further allow Executive 30 days in which to cure such Breach of Fiduciary Duty, and provided further that the Board shall allow an opportunity for Executive to be heard if there is no cure within 30 days of the Notice of Breach of Fiduciary Duty.
Sample 1

Related to Additional Grant of Stock Options

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • Grant of Stock Option The Company grants to Employee the right and option (hereinafter referred to as the "Option") to purchase all or any part of up to ________ shares of the Company's Common Stock (the "Option Shares") on the terms and conditions set forth below and in the Plan.

  • 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.

  • Vesting of Stock Options All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.2. Executive may exercise such options in accordance with the terms and conditions of the stock option plan and the agreement pursuant to which such options were granted.

  • Grant of Stock Units Pursuant to the terms and conditions set forth in this Stock Award Agreement (including Section 1 above) and the Plan, the Administrator hereby grants to the Awardee named in Section 1, on the Grant Date set forth in Section 1, the number of Stock Units set forth in Section 1.

  • 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.

  • Exercise of Stock Options If stock options granted in connection with a Stock Incentive Plan are exercised:

  • Grant of Stock Appreciation Rights Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants this Award to the Participant on the Grant Date on the terms set forth on the cover page of this Agreement, as more fully described in this Attachment A. This Award is granted under the Plan, which is incorporated herein by this reference and made a part of this Agreement.

  • Acceleration of Stock Options The Company shall accelerate and make immediately exercisable any and all unmatured stock options (whether or not such stock options are otherwise exercisable) which Executive then holds to acquire securities from the Company; provided, however, that Executive shall have ninety (90) days after such termination of employment to exercise any outstanding stock options and after such ninety (90) days any and all unexpired stock options shall lapse; and, provided, further, however, any tax benefit provisions with respect to any stock options shall apply to any and all unmatured stock options (whether or not such stock options are otherwise exercisable). If as a result of such acceleration of incentive stock options the $100,000 limitation would be exceeded with respect to an optionee, such incentive stock options shall be converted, as of the date such incentive stock options become exercisable, to non-qualified stock options to the extent necessary to comply with the $100,000 limitation and the Company shall pay to such optionee an additional cash payment equal to the tax benefit to be received by the Company attributable to its federal income tax deduction resulting from the exercise of such converted non-qualified stock options.

  • Grant of Stock Award In accordance with the Plan, and effective as of _________ __, 201_ (the “Date of Grant”), the Company granted to the Participant, subject to the terms and conditions of the Plan and this Agreement, a Stock Award of ______ shares of Common Stock (the “Stock Award”).

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