Common use of Annual Stock Options Clause in Contracts

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.

Appears in 3 contracts

Samples: Employment Agreement (Technisource Inc), Employment Agreement (Technisource Inc), Employment Agreement (Technisource Inc)

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Annual Stock Options. Executive Employee 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 Employee and the Company during such fiscal year. See attached option schedule.

Appears in 3 contracts

Samples: Employment Agreement (Interactive Technologies Com LTD), Employment Agreement (Interactive Technologies Com LTD), Employment Agreement (Interactive Technologies Com LTD)

Annual Stock Options. The Company shall grant 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; provided that in no event will the award of Annual Stock Options to Executive be for less than 50,000 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.

Appears in 1 contract

Samples: Employment Agreement (Kos Pharmaceuticals Inc)

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Annual Stock Options. Executive Employee 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 Employee and the Company during such fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Technisource Inc)

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