Benefits and Stock Options Sample Clauses

Benefits and Stock Options. In addition to the payments described in Section 3 of this Agreement, during the period that the Executive is employed by the Company pursuant to this Agreement, the Executive shall be entitled to participate in all health, welfare and other plans and to receive all benefits that are provided by the Company to its most senior executives from time to time, to the extent the Executive meets the eligibility requirements for any such plan or benefit; provided, that Executive shall be entitled to receive at a minimum the benefits currently provided by the Company to its highest level executives. Executive shall be entitled to participate in the stock option plans of the Company in which the senior executives of the Company are entitled to participate.
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Benefits and Stock Options. In addition to the payments described in Section 3 of this Agreement, during the period that the Employee is employed by the Company pursuant to this Agreement, the Employee shall be entitled to participate in any employee benefit plans (including any stock option or similar plans) then in effect for similarly situated employees and receive any other fringe benefits that the Company then provides to similarly situated employees to the extent the Employee meets the eligibility requirements for any such plan or benefit; provided, however, that the foregoing shall not be construed as an obligation of the Company to grant additional stock options to the Employee.
Sample 1
Benefits and Stock Options. (a) Simultaneously with the execution of this Agreement, the Company shall pay to Xxxxxxx, by wire transfer of immediately available funds to an account designated by Xxxxxxx or by a bank cashier's or certified check payable to the order of Xxxxxxx, the amount by which $365,565.40 exceeds the sum of (i) $84,660.07 being the cash value as of the date hereof of the "split whole life" insurance policy listed on Exhibit A hereto, plus (ii) $40,998.17, being the cash value as of the date hereof of the "key man whole life" insurance policy listed on Exhibit A hereto. The insurance policies listed in Exhibit A hereto are collectively referred to herein as the "Insurance Policies". Simultaneously with the execution of this Agreement, the Company shall execute and deliver to Xxxxxxx all documents attached to this Agreement as Exhibit B, and the Company shall take any and all further actions necessary, to have the Company removed as an owner, a beneficiary, a collateral beneficiary or a collateral assignee, as the case may be, with respect to each of such Insurance Policies listed on Exhibit A, and Xxxxxxx shall thereafter have sole control over such Insurance Policies. The Company shall have no further rights in, and shall have no further payment obligations whatsoever regarding, the Insurance Policies.
Sample 1
Benefits and Stock Options. 6.1 During your employment you will be entitled, at the Company's expense, to participate in the standard Benefit Programme which is offered to all UK based employees working in the EMEA & A-P region. The key benefits currently applicable to your contract are outlined in Annex 1, which the parties recognize is only a high-level outline of the company's current benefits and, as a result, such benefits are subject to whatever limitations, exclusions, requirements and other policy or plan provisions that may be set forth in the company's policies or the plan documents relating to each of the mentioned benefits. The Company reserves the right to modify or withdraw such benefits as and when it sees fit. It is expressly agreed that the provision of benefits under the Permanent Health Insurance scheme (if any) shall in no way limit or restrict the Company's rights under this agreement or otherwise to terminate your employment.
Sample 1
Benefits and Stock Options. In addition to the payments described in Section 3 of this Agreement, during the period that the Employee is employed by the Company pursuant to this Agreement, the Employee shall be entitled to participate in any employee benefit plans (including any stock option or similar plans) then in effect for similarly situated employees and receive any other fringe benefits that the Company then provides to similarly situated employees to the extent the Employee meets the eligibility requirements for any such plan or benefit.
Sample 1
Benefits and Stock Options. In addition to the payments described in Section 3 of this Agreement, during the period that the Employee is providing services to the Company pursuant to this Agreement, the Employee shall be entitled to participate in all health plans provided by the Company to its most senior executives from time to time, to the extent the Employee meets the eligibility requirements for any such plan or benefit; provided, however, that the Company's obligation with respect to the foregoing benefits shall be reduced to the extent the Employee or his beneficiaries obtains any such benefits pursuant to another employer's or similar entity's benefit plans. Employee shall be eligible in the sole discretion of the Board to participate in the stock option plans of the Company in which the senior executives of the Company are entitled to participate.
Sample 1

Related to Benefits and Stock Options

  • Company Stock Options At the Effective Time, each Company Stock --------------------- Option shall be deemed to have been assumed by Evergreen, without further action by Evergreen, and shall thereafter be deemed an option to acquire, on the same terms and conditions as were applicable under such Company Stock Option, that number of shares of Surviving Corporation Common Stock that would have been received in respect of such Company Stock Option if it had been exercised immediately prior to the Effective Time (such Company Stock Options assumed by Evergreen, the "Assumed Chancellor Stock Options"); provided, however, that, for -------- ------- each optionholder, (i) the aggregate fair market value of Surviving Corporation Common Stock subject to Assumed Chancellor Stock Options immediately after the Effective Time shall not exceed the aggregate exercise price thereof by more than the excess of the aggregate fair market value of Company Common Stock subject to Company Stock Options immediately before the Effective Time over the aggregate exercise price thereof and (ii) on a share-by-share comparison, the ratio of the exercise price of the Assumed Chancellor Stock Option to the fair market value of the Surviving Corporation Common Stock immediately after the Effective Time is no more favorable to the optionholder than the ratio of the exercise price of the Company Stock Option to the fair market value of the Company Common Stock immediately before the Effective Time; and provided, -------- further, that no fractional shares shall be issued on the exercise of such ------- Assumed Chancellor Stock Option and, in lieu thereof, the holder of such Assumed Chancellor Stock Option shall only be entitled to a cash payment in the amount of such fraction multiplied by the closing price per share of Surviving Corporation Common Stock on the Nasdaq National Market on the business day immediately prior to the date of such exercise.

  • Restricted Stock and Stock Options Employer shall cause the Compensation Committee of the Board of Directors of Employer to review whether Employee should be granted shares of restricted stock and/or options to purchase shares of common stock of CBSI. Such review may be conducted pursuant to the terms of the Community Bank System, Inc. 2014 Long-Term Incentive Plan, a successor plan, or independently, as the Compensation Committee shall determine. Reviews shall be conducted no less frequently than annually.

  • Employee Stock Options (a) At the Effective Time, each Eligible Stock Option that is then outstanding under the Company Option Plan, whether vested or unvested, shall be assumed by Parent in accordance with the terms (as in effect as of the date of this Agreement) of the Company Option Plan and the stock option agreement by which such Eligible Stock Option is evidenced. All rights with respect to Company Common Stock under outstanding Eligible Stock Options shall thereupon be converted into rights with respect to Parent Common Stock. Accordingly, from and after the Effective Time, (a) each Eligible Stock Option assumed by Parent may be exercised solely for shares of Parent Common Stock, (b) the number of shares of Parent Common Stock subject to each such assumed Eligible Stock Option shall be equal to the number of shares of Company Common Stock that were subject to such Eligible Stock Option immediately prior to the Effective Time multiplied by the Exchange Ratio, rounded down to the nearest whole number of shares of Parent Common Stock, (c) the per share exercise price for the Parent Common Stock issuable upon exercise of each such assumed Eligible Stock Option shall be determined by dividing the exercise price per share of Company Common Stock subject to such Eligible Stock Option, as in effect immediately prior to the Effective Time, by the Exchange Ratio, and rounding the resulting exercise price up to the nearest whole cent, and (d) all restrictions on the exercise of each such assumed Eligible Stock Option shall continue in full force and effect, and the term, exercisability, vesting schedule and other provisions of such Eligible Stock Option shall otherwise remain unchanged; provided, however, that each such assumed Eligible Stock Option shall, in accordance with its terms, be subject to further adjustment as appropriate to reflect any stock split, reverse stock split, stock dividend, recapitalization or other similar transaction effected by Parent after the Effective Time. The Company and Parent shall take all action that may be necessary (under the Company Option Plan and otherwise) to effectuate the provisions of this Section 1.6.

  • Company Stock Option Plans Simultaneously with the execution of this Agreement, the Board of Directors of the Company (or, if appropriate, any committee administering the Company Stock Option Plans) shall adopt such resolutions or take such other actions as are required to effect the transactions contemplated by Section 2.10 in respect of all outstanding Options and thereafter the Board of Directors of the Company (or any such committee) shall adopt any such additional resolutions and take such additional actions as are required in furtherance of the foregoing.

  • Stock and Stock Options Subject to vesting, as set forth on Exhibit B, the Company will issue to Director stock and options as set forth and described on Exhibit B. Company shall issue said stock and options within sixty (60) days from the execution of this Agreement by both parties.

  • Stock Option Plans; Employee Benefits 6.26.1 The Acquiror Company has no stock option plans providing for the grant by the Acquiror Company of stock options to directors, officers or employees.

  • Stock Options (a) Subsequent to the effectiveness of the Form 10, but prior to the consummation of the Distribution, and subject to the consummation of the Distribution, each option to purchase ALTISOURCE Common Stock (“ALTISOURCE Stock Options”) granted and outstanding under the 2009 Equity Incentive Plan of ALTISOURCE (“ALTISOURCE Option Plan”) shall remain granted and outstanding and shall not, and ALTISOURCE shall cause (to the maximum extent permitted under the ALTISOURCE Option Plan) the ALTISOURCE Stock Options not to, terminate, accelerate or otherwise vest as a result of the Distribution, and each holder thereof immediately prior to the Distribution will be entitled to the following, determined in a manner in accordance with, and subject to, the ALTISOURCE Option Plan, FAS123R and Section 409A of the Internal Revenue Code: (i) an option to acquire a number of shares of Residential Class B Common Stock equal to the product of (x) the number of shares of ALTISOURCE Common Stock subject to the ALTISOURCE Stock Option held by such holder on the Distribution Date and (y) the distribution ratio of one (1) share of Residential Class B Common Stock for every three (3) shares of ALTISOURCE Common Stock (the “Residential Stock Options”), with an exercise price to be determined in a manner consistent with this Section 3.04 and (ii) the adjustment of the exercise price of such holder’s ALTISOURCE Stock Option, to be determined in a manner consistent with this Section 3.04 (the “Adjusted ALTISOURCE Stock Options”) (the Residential Stock Options and the Adjusted ALTISOURCE Stock Options, together, the “Post-Distribution Stock Options”).

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Nonqualified Stock Options If the Shares are held for more than twelve (12) months after the date of purchase of the Shares pursuant to the exercise of an NQSO, any gain realized on disposition of the Shares will be treated as long term capital gain.

  • Employee Options No shares of Common Stock are eligible for sale pursuant to Rule 701 promulgated under the Act in the 12-month period following the Effective Date.

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