Annual Stock Options. Executive shall be eligible to receive an annual stock option award (the "Annual Stock Options") following each fiscal year of the Company in amounts, at such exercise prices, and on such terms as the Board of Directors determines, based upon the performance of the Executive and the Company during such fiscal year.
Annual Stock Options. The Executive may receive annual stock options as provided at the discretion of the Compensation Committee.
Annual Stock Options. Each year, the Executive will be eligible for annual stock option grants as determined by the Board.
Annual Stock Options. Employee will be granted stock options in the amount and vesting schedule detailed below: - 150,000 options to purchase Worldwide Medical Corporation Common Stock with a strike price of $0.40, vested monthly (evenly) over one (1) year. In the event that the Company is acquired, there is a change in control, or similar event, all options become immediately vested. Employee will be eligible to participate in such other annual stock option grants as awarded other Officers and Directors of the Company.
Annual Stock Options. Executive shall be entitled to receive an award of options to purchase a target of twenty thousand (20,000) shares of Common Stock annually (the "Options").
Annual Stock Options. The Executive shall be granted stock options annually beginning January 1, 2015 and each January 1 thereafter, which entitle him to purchase shares of common stock of the Company valued at $25,000 based on standard Black-Scholes modeling (but, in any event, the number of underlying shares of common stock shall not exceed 133,333 shares (as adjusted for stock splits and similar events)), at an exercise price per share equal to the market price of the common stock on the date of grant, which options shall vest in 48 equal installments, commencing on the grant date and on the last day of each succeeding month thereafter until all options are vested, and pursuant to a customary stock option agreement which will contain the terms pertaining to the stock options contained in this Schedule B, which the Executive and the Company shall enter into within 10 days after this Agreement is executed by both of the parties. In the event that the fair market value of the stock option grant is less than $25,000 as limited by the 300,000 share cap, the Executive shall be entitled to receive either 50% of the difference in fair market value in cash or 100% of the value in Restricted Stock Units at the then current Company common stock trading price and with the same vesting schedule as the above stock options, at the sole option of the Board.
Annual Stock Options. (i) Concurrently with the execution of this Agreement, XXXX shall grant to Employee, subject to the vesting provisions described in this Agreement, options to acquire four million one hundred sixty-two thousand seven hundred and twenty-five (4,162,725) Ordinary Shares (the "Initial Grant"). On the first day of each Compensation Period that commences after the date of this Agreement, XXXX shall xxxxx to Employee, subject to the vesting provisions described in this Agreement, options to acquire eight hundred thirty-two thousand five hundred forty-five (832,545) Ordinary Shares ("Periodic Grants"). All such options granted under this Section 3(d) are referred to in this Agreement as the "Annual Options." Each Annual Option shall represent the right to acquire one (1)
Annual Stock Options. Executive shall receive each calendar year during the Initial Term of this Agreement (as defined in Section 3(a)) and each calendar year during any extension of the Initial Term in accordance with this Agreement, nonqualified options to purchase a minimum of 325,000 shares of UnitedHealth Group's Common Stock (the "Annual Options"). The Annual Options shall be granted on such date or dates as Executive requests by oral notification to the Chair of the Compensation and Human Resources Committee (with such notification confirmed promptly in writing). To the extent Executive has not otherwise requested the issuance of Annual Options representing the right to purchase 325,000 shares in any year, Annual Options representing such amount shall be issued as of the last business day of such year. The exercise price for the Annual Options shall be the closing price for UnitedHealth Group Common Stock on the date of issuance. Each Annual Option issued pursuant to this Section 2(b) shall vest over a period of four years at the rate of 25 percent per year on January 1 of each year following the grant of such option, subject to earlier vesting as otherwise provided in Section 3 of this Agreement. Each Annual Option shall be subject to the terms and conditions of UnitedHealth Group's Amended and Restated 1991 Stock and Incentive Plan, or any substitute or similar successor plan (the "Stock Plan"). Notwithstanding the foregoing provisions of this Section 2(b), Executive shall be eligible to receive additional awards of nonqualified options, as determined by the Board of Directors, in accordance with the normal practices of UnitedHealth Group for successful performance.
Annual Stock Options. Upon execution of this Agreement by both the Executive and the Company, the Company shall grant to the Executive three options to purchase 100,000 shares each of the common stock of the Company (1) at an exercise price of $1.00 per share, (2) each exercisable on a cashless basis (using the same formula as contained in paragraph 3(c)(iv) hereof) in accordance with the following exercise schedule: (i) the first option for 100,000 shares may be exercised, in whole or in part, in all events, at any time and as many times as the Executive, in his sole discretion, may choose (until the option has been exercised with respect to all of the underlying shares), during the first 12 consecutive calendar months following the date of execution of this Agreement, (ii) the second option for 100,000 shares may be exercised, in whole or in part, in all events, at any time and as many times as the Executive, in his sole discretion, may choose (until the option has been exercised with respect to all of the underlying shares), during the second 12 consecutive calendar months following the date of execution of this Agreement, and (iii) the third option for 100,000 shares may be exercised, in whole or in part, in all events, at any time and as many times as the Executive, in his sole discretion, may choose (until the option has been exercised with respect to all of the underlying shares), during the third 12 consecutive calendar months following the date of execution of this Agreement. The Company shall include said options in a registration statement to be filed with the SEC within 60 days from the date of execution of this Agreement and to become effective within 120 days from the date of execution of this Agreement and to remain effective for 5 consecutive years from said date. Beginning on the date that each option granted hereunder may first be exercised by the Executive, the underlying shares shall vest for purposes of legal public resale at the rate of 1/12th of the total underlying shares per month on consecutive calendar months until all of the option shares granted hereunder are fully vested for purposes of legal public resale. Vesting of shares for purposes of legal public resale shall not be delayed by the fact that the registration statement with respect to such shares has not become effective or by the fact that the option has not been exercised or has only been exercised in part. Accordingly, vesting of shares shall accumulate each month prior to the effective dat...
Annual Stock Options. The Company shall grant to Executive nonqualified stock options to purchase up to 100,000 shares at the end of each fiscal year, commencing in fiscal year 2000, pursuant to and in accordance with the Option Documents. Options for 50,000 of such shares shall be granted upon achievement during such fiscal year of 10% or greater growth of revenues, on an organic basis, and options for 50,000 of such shares shall be granted upon achievement during such fiscal year of 10% or greater growth of operating income, on an organic basis. Such options shall have an exercise price equal to the market value on the date of grant and will vest ratably over five years from the date of grant.
