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. 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. 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. 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, each calendar year beginning with 1999, receive nonqualified stock option grants to purchase a minimum of 150,000 shares of UnitedHealth Group's Common Stock (the "Annual Options"). The exercise price for each share of common stock underlying the Annual Options shall be the fair market value of one share of UnitedHealth Group Common Stock at the time of the grant and vesting of the Annual Options shall be in not more than four equal annual installments commencing the year after the grant based on the achievement of performance goals as determined by the Board of Directors or a committee thereof, provided that each Annual Option shall be fully vested on the ninth anniversary of the date of grant and the Annual Options shall be subject to certain adjustments customary for options of this type and consistent with UnitedHealth Group's options then being granted. Each Annual Option shall be in accordance with and subject to the terms and conditions of the UnitedHealth Group Corporation 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), the Executive shall be eligible to receive additional awards of options to purchase shares of UnitedHealth Group stock, as determined by the Board of Directors or an authorized committee thereof, in accordance with the normal practices of UnitedHealth Group.
Annual Stock Options. Executive shall be eligible to receive in each calendar year during the Term (as defined in Section 3(a)), equity and/or equity-based incentive compensation awards (the “Equity Grants”). The Equity Grants shall be granted in such forms, in such amounts, at such exercise prices (where relevant), on such date or dates, and subject to such terms and conditions, as the Committee shall determine; provided, however, that in no event shall the aggregate amount of Equity Grants to Executive in any calendar year be in an amount less than or contain terms and conditions that are less favorable than the aggregate amount of Equity Grants granted generally to any other senior officer of UnitedHealth Group (other than the Chief Executive Officer) in that calendar year. Each Equity Grant shall be in accordance with and subject to the terms and conditions of the UnitedHealth Group 2002 Stock Incentive Plan, or any substitute or similar successor plan (the “Stock Plan”). The form of award for each Equity Grant granted after August 5, 2005 shall include a provision that unless the Employment Agreement, as amended, provides for vesting or exercise periods that are more favorable, upon termination of employment by reason of Retirement (as defined below), then (i) vesting of such Equity Grant shall continue as if such termination employment had not occurred and (ii) Executive may, at any time within a period of five years after such termination of
Annual Stock Options. The Company shall grant Executive 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 Executive and the Company during such fiscal year; provided that in no event will the award of Annual Stock Options to Executive be for less than 100,000 shares for any full fiscal year of the Company, or a pro rata portion of such amount for any partial fiscal year of the Company, provided, however, (i) such option awards shall be fully consistent with the terms of the Company’s Stock Option Plan then in effect for other senior executives of the Company, and (ii) if the terms of such Stock Option Plan are materially reduced from those in effect at the Effective Date of this Agreement or if such Stock Option Awards to senior company executives are reduced or replaced in whole or in part by other forms of equity or cash compensation (“Alternative Compensation”), the Company shall be obligated under this paragraph 4(c) to grant to the Executive alternative compensation having an equivalent economic value to the annual stock option grant specified in this paragraph 4(c)
