Award of Stock Options. The Company hereby awards stock options (each, an “Option”) to the Employee under the Plan. The number of Options awarded to the Employee is indicated at the Site. Each Option entitles the Employee, subject to the terms and conditions of this Agreement and the Plan, to purchase from the Company at the exercise price set forth for the Options at the Site (the “Exercise Price”) one Share (an “Option Share”). The Options shall vest and become exercisable on the terms set forth in Section 4. The Options shall expire on, and no Option Shares may be purchased pursuant to this Agreement after, the tenth anniversary of the Grant Date (such tenth anniversary is referred to as the “Option Expiration Date”). The Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) may, in its sole discretion, convert any or all of the Options at any time to a stock-settled stock appreciation grant. The Options are not intended to be “incentive stock options” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), and this Agreement shall be construed and interpreted in accordance with such intention.
Award of Stock Options. Subject to all terms and conditions of the Plan and this Agreement, the Company has awarded to the Employee on the date of agreement and award set forth on the Award Summary (the “Grant Date”) options to purchase shares of Common Stock (as defined in the Plan) of the Company, equal to the number of options set forth in the Award Summary (the “Options”), at a price per share equal to the exercise price set forth in the Award Summary (the “Exercise Price”). Each Option entitles the Employee to purchase, on exercise, one share of the Company’s Common Stock subject to the conditions of the Plan and this Agreement. The Exercise Price and the number of Options awarded pursuant to this Agreement may be adjusted to the extent provided by the terms of the Plan and such adjusted Exercise Price and number of Option awarded shall be substituted for such terms as set forth in the Award Summary for all purposes of the Plan and this Agreement unless otherwise determined by the Company. Any such adjustment, however, is void and without effect if it would constitute a “modification” as defined in regulations or valid guidance under Section 409A of the Code. No Option pursuant to this Agreement is intended to qualify as an incentive stock option under Section 422 of the Code. No right or feature of any Option under this Agreement is intended to create a deferral of compensation as defined in regulations or valid guidance under Section 409A of the Code, and any such right or feature is void and without effect. Notwithstanding anything herein to the contrary, only active Employees and those Employees on Short Term Disability Leave, Social Service Leave, Family Medical Leave or Paid Uniform Services Leave (pursuant to the Company’s Human Resources Policies or similar policies of the Company’s subsidiaries or affiliates) on the Grant Date shall be eligible to receive the award.
Award of Stock Options. The Administrator may grant Stock Options under the Plan. Any Stock Option granted under the Plan shall be in such form as the Administrator may from time to time approve. Stock Options granted under the Plan may be either Incentive Stock Options or Non-Qualified Stock Options. Incentive Stock Options may be granted only to employees of the Company or any Subsidiary that is a “subsidiary corporation” within the meaning of Section 424(f) of the Code. To the extent that any Option does not qualify as an Incentive Stock Option, it shall be deemed a Non-Qualified Stock Option. Stock Options granted pursuant to this Section 5 shall be subject to the following terms and conditions and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable. If the Administrator so determines, Stock Options may be granted in lieu of cash compensation at the optionee’s election, subject to such terms and conditions as the Administrator may establish.
Award of Stock Options. On January 1, 2001, the Company awarded Employee stock options under the Northfield Laboratories Inc. 1999 Stock Option Plan to acquire 12,000 shares of the Company's Common Stock at an exercise price per share equal to the fair market value of the Company's Common Stock as of the date of grant. On or before January 1, 2002, the Compensation Committee of the Board of Directors of the Company shall review the performance of the Company and Executive during the first Employment Year and shall determine whether the award of additional stock options to Employee is appropriate. The Board of Directors of the Company may in its discretion determine to award Employee additional stock options or other forms of equity incentive compensation from time to time during the term of this Agreement.
Award of Stock Options. On the original date of this Agreement, the Company shall award Executive stock options under the Northfield Laboratories Inc. 2003 Equity Compensation Plan to acquire 50,000 shares of the Company’s Common Stock at an exercise price per share equal to the fair market value of the Company’s Common Stock as of the date of grant. The Board of Directors of the Company may in its discretion determine to award Executive additional stock options or other forms of equity incentive compensation from time to time during the Employment Period.
Award of Stock Options. Sprint hereby grants to Employee, under Sprint's 1990 Stock Option Plan, as of the Grant Date (a) an option to purchase 161,250 shares of Sprint's FON Stock, Series 1 and (b) an option to purchase 161,250 shares of Sprint's PCS Common Stock, Series 1, both at a strike price equal to the Fair Market Value of one share of the respective stock on the Grant Date. The options shall become exercisable, with respect to 25% of the total shares granted, on each of the first four anniversaries of the Grant Date. The options shall expire on the 10th anniversary of the Grant Date. The terms of the 1990 Stock Option Plan, to the extent not in conflict with the terms of this Agreement, are hereby incorporated into this Agreement by reference. Notwithstanding the terms of the 1990 Stock Option Plan, the definition of a Change in Control set forth in this Agreement shall apply for all purposes.
Award of Stock Options. Contingent upon Employee's continued employment with the Company, Employee shall receive options to purchase a total of 300,000 shares of restricted common stock in the Company. In the event that the employer/employee relationship between Employee and the Company is terminated, whether by Employee or by the Company (including without limitation a termination without cause), Employee shall receive options for the current fiscal year in an amount pro rata with that portion of the year in which Employee performed services for the Company and Employee shall receive these options at the end of the relevant twelve-month period as if this Agreement had never been terminated. All options subject to this section shall vest according to the following schedule:
(1) Number of Options (2) ---------------------------------------------------- ------------------------- At the end of the 12th month from the date of the 100,000 initial Employment Agreement ---------------------------------------------------- ------------------------- At the end of the 24th month from the date of the 100,000 initial Employment Agreement ---------------------------------------------------- ------------------------- At the end of the 36th month from the date of the 100,000 initial Employment Agreement ---------------------------------------------------- -------------------------
(1) The vesting date of all options granted under this Agreement shall be with reference to either the execution date of the Employee's initial Employment Agreement or the date of this Agreement, whichever is earlier.
(2) The exercise price of all options subject to this Agreement shall be $.0001 (one-hundredth of one cent) per share. Employee represents to the Company that he is not subject or a party to any consulting agreement, non-competition covenant, non-disclosure agreement or other agreement, covenant, understanding or restriction of any nature whatsoever which would prohibit Employee from executing this Agreement and performing fully his duties and responsibilities hereunder, or which would in any manner, directly or indirectly, limit or affect the duties and responsibilities which may now or in the future be assigned to Employee by the Company.
Award of Stock Options. AIG hereby awards you the number of [time-vesting][performance-vesting] stock options (“Stock Options”) specified in Schedule A. Each Stock Option represents a right to purchase one share of Common Stock of AIG, subject to the terms and conditions set forth in this Award Agreement.
Award of Stock Options. The Administrator may grant Stock Options under the Plan. All Stock Options granted under the Plan shall be nonqualified stock options. Stock Options granted pursuant to this Section 5(a) shall be subject to the following terms and conditions and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable.
Award of Stock Options. The Parties agree and understand that Millxx, xx connection with his duties and responsibilities under the employment agreement referenced in Section 8.1.9 below, shall be entitled to recommend the award of stock options to key employees of X Ray, subject to approval by Team's Board of Directors. The total amount of the said stock options shall not exceed 50,000, and the maximum amount awarded to any key employee (other than Millxx xxxself) shall not exceed 7,500.
