Bonuses and Stock Options Sample Clauses

Bonuses and Stock Options. The Executive shall be eligible to receive bonuses and stock options, to the extent bonuses and stock options are awarded by the Company as determined within the sole discretion of the appropriate committee of the Board of Directors and/or the Board of Directors.
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Bonuses and Stock Options. Subject to the provisions of the next sentence, Employee shall be entitled to receive a lump sum cash bonus equal to four times Employee's monthly base salary at the highest rate in effect at any time between the date hereof and the payment date. Such bonus shall be payable on September 17, 1997 or such earlier date as there occurs a Change in Control, provided that Employee is still in the employ of the Company as of that date. Notwithstanding the foregoing, if (i) in the absence of or prior to the occurrence of a Change in Control and (ii) after eighteen months from the date hereof but prior to September 17, 1997, Employee's employment is terminated by the Company Without Cause (as hereinafter defined) or is terminated by Employee for Good Reason (as hereinafter defined), then the Company shall pay to Employee on the Termination Date (as hereinafter defined) a lump sum cash amount equal to four times Employee's monthly base salary at the highest rate in effect at any time between the date hereof and the Termination Date multiplied by a fraction, the numerator of which shall be the number of months from the date hereof to the Termination Date, including partial months, and the denominator of which shall be twenty-four. Employee shall also be eligible for such other bonus payments and shall be granted such options to purchase common stock of the Company as the Board of Directors of the Company, or a duly constituted committee thereof, shall determine in its discretion.
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Bonuses and Stock Options. Executive may be paid a bonus or bonuses in the sole discretion of the Compensation Committee of the Board. Also, it shall be within the sole discretion of the Compensation Committee of the Board whether to grant to Executive an option or options to purchase shares of Common Stock of the Company under any Company stock option plans and, if granted, the number of shares subject to such option(s) and the terms and conditions of such option(s).
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Bonuses and Stock Options. Green shall be considered for such bonuses and stock options as may be determined in the sole discretion of the Company's Board of Directors. Nothing in this Section 5 guarantees that any specific bonuses or stock options will be provided or offered by the Company, and the Company shall have the sole right to modify, add to, or terminate any such bonuses and/or stock options at any time.
Sample 1
Bonuses and Stock Options. Subject to the provisions setbelow, for each full year while Executive remains employed, GENERAL METALS shall also pay to Executive an annual bonus in an amount as determined by GENERAL METALS Board of Directors. Executive acknowledges that for any one or more years, no bonuses may be paid to Executive. Executive shall also set up an employee stock option program, and shall be entitled to the appropriate number of options that represent a 5% ownership in GENERAL METALS. These options shall vest over 48 months, with a 12 month vesting cliff on the first 12 months of vesting, and monthly thereafter. The option price, pending legal and regulatory review, shall be set at the first board meeting following the Executive’s start date, and shall be set at the same price as the publicly traded stock.
Sample 1
Bonuses and Stock Options. Unless such bonus has already been paid by the Closing Date, Employee shall be eligible for a bonus for calendar year 2003 pursuant to the existing Company bonus plan less any profit sharing the Company is legally obligated to pay Employee. Employee has represented to the Company that such bonus is paid at the sole discretion of the Company and there are no defined parameters or objectives that govern the payment of such bonus. As of January 1, 2004 (assuming the Closing Date has already occurred), Employee will have the opportunity to earn an annual bonus in accordance with the Company’s then current plan. For the five months remaining in fiscal year 2004 (1/1/2004—5/31/2004), Employee’s bonus opportunity shall be the amount equal to 625,000 Mexican pesos less any profit sharing the Company is legally obligated to pay Employee. Such amount was calculated by multiplying 1,500,000 pesos by 5/12. If the Closing Date occurs after January 1, 2004, the bonus opportunity amount shall be adjusted accordingly. For fiscal years commencing on or after June 1, 2004, Employee will have the opportunity to earn an annual bonus in accordance with the Company’s then current plan. Any such bonus shall be reduced by the amount the Company is legally obligated to remit in profit sharing. . Employee must be an active employee on the day bonuses are paid to be eligible to receive a bonus. Payment of such bonus will be based upon the Company’s overall performance against certain objectives and upon Employee’s business results against individual and business unit goals and objectives established by the Company. Employee acknowledges and agrees that he is not entitled to receive any other bonus or amount except as specifically stated herein and the amounts mentioned herein covers all of the work performed, and that he shall not claim payment of any amount. Employee’s execution of this Agreement shall constitute a release for the Company for any other salary or benefits not specifically mentioned herein to which Employee might be entitled for his services rendered up to that date.
Sample 1
Bonuses and Stock Options. In addition to the base salary described in section 4.1 (above), Employee shall be entitled to incentive compensation designed to encourage accomplishment of specific corporate goals. Upon the Company's achievement of gross annual product sales of $250,000, $500,000 or $1,000,000 per annum (measured from November 1 to October 31 of each fiscal year as reported in the Statement of Operations included in the Company's report in Form 10-K), the Employee will be entitled to profit sharing bonuses as follows: Minimum Annual Product Sales % of Net Income to Employee ---------------------------- --------------------------- $250,000 80% $500,000 60% $1,000,000 40% For purposes of this Paragraph 4.2, Net Income shall mean the Net Income as provided on the Statement of Operations referenced above. These bonuses, if earned, will be paid within 30 days of the Company's filing of its Form 10-K. Such bonuses will not preclude the vesting of stock options as described below. A stock option shall be granted to the Employee upon execution of this Agreement to purchase up to one million (1,000,000) shares of the Company's common stock; at an exercise price of $0.19 per share (the closing market price at July 29, 2008, the date this Agreement was approved by the Company's Board of Directors). The options shall vest according to the following schedule: (a) 100,000 shares if the market capitalization of the Company exceeds $5 million for a period of at least 5 consecutive trading days, an additional 100,000 shares if the market capitalization of the Company exceeds $6 million for a period of at least 5 consecutive trading days, and an additional 100,000 shares if the market capitalization of the Company exceeds $7 million for a period of at least 5 consecutive trading days; (b) An additional 100,000 shares if the Company licenses one of its patents to a third party and an additional 100,000 shares if the Company executes an in-license of a patent owned by a third party, that expands the revenue generation capacity of the Company. (c) An additional 100,000 shares if the Company raises at least $1 million in equity financing, an additional 100,000 shares if the Company raises $2 million in equity financing, and an additional 100,000 shares if the Company raises $5 million in equity capital; (d) An additional 100,000 shares if the Company merges with, acquires or spins off another company, with minimum annual revenues of $500,000 and (e) An additional 100,000 shares if a registra...
Sample 1
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Bonuses and Stock Options. The Company may, at its sole discretion, pay Employee an annual performance award ("Annual Performance Award") during each year of the Term as determined by the Board of Directors at its sole and exclusive discretion from time to time. As of the date hereof, Princeton has also agreed to grant Employee a stock option as set forth on Exhibit A. Effective June 1, 1996, the Employee shall also be entitled to receive, pursuant to the provisions of Princeton's 1993 Incentive and Non-Statutory Stock Option Plan, options to purchase up to 50,000 shares of Princeton common stock as set forth on Exhibit B attached hereto and incorporated herein.
Sample 1
Bonuses and Stock Options 
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Related to Bonuses and Stock Options

  • Company Stock Options (a) At the Effective Time, Parent shall assume, by virtue of this Agreement and without any further action on the part of the Company, all of the Company's obligations with respect to each outstanding Company Stock Option, whether vested or unvested. Unless otherwise elected by Parent prior to the Effective Time, Parent shall make such assumption in such manner that Parent (i) is a corporation "assuming a stock option in a transaction to which Section 424(a) applies" within the meaning of Section 424 of the Code or (ii) to the extent that Section 424 of the Code does not apply to such Company Stock Option, would be such a corporation were Section 424 of the Code applicable to such Company Stock Option; and, if not so otherwise elected, after the Effective Time, all references to the Company in the Company Stock Plans and the applicable Company Stock Option agreements shall be deemed to refer to Parent, which shall have assumed the Company Stock Plans as of the Effective Time by virtue of this Agreement and without any further action on the part of the Company or Parent. Each Company Stock Option so assumed by Parent under this Agreement shall continue to have, and be subject to, the same terms and conditions set forth in the applicable Company Stock Plan and the applicable Company Stock Option as in effect immediately prior to the Effective Time, except as otherwise provided in Section 3.05. Parent shall use all reasonable efforts to ensure that Company Stock Options intended to qualify as incentive stock options under Section 422 of the Code prior to the Effective Time continue to so qualify after the Effective Time. (b) With respect to the Company Stock Plans, Parent shall take all corporate action necessary or appropriate to, as soon as practicable after the Effective Time, file a registration statement on Form S-8 (or any successor or other appropriate form) with respect to the shares of Parent Common Stock subject to such plan to the extent such registration statement is required under applicable law in order for such shares of Parent Common Stock to be sold without restriction, and Parent shall use its best efforts to maintain the effectiveness of such registration statements (and maintain the current status of the prospectuses contained therein) for so long as such benefits and grants remain payable and such options under such plans remain outstanding.

  • Stock Options (i) As of the close of business on October 19, 2007: (i) 3,359,430 shares of Company Common Stock were subject to issuance pursuant to outstanding options to purchase Company Common Stock under the Company Stock Plans (the “Company Options”) and (ii) 920,296 shares of Company Common Stock were reserved for future issuance pursuant to Company Options or other equity-based awards available for grant under the Company Stock Plans. Since the close of business on October 19, 2007 through the execution of this Agreement, no Company Options have been granted and no shares of Company Common Stock have been reserved for future issuance pursuant to Company Options or other equity-based awards available for grant under the Company Stock Plans. There are no outstanding or authorized stock appreciation, phantom stock or other similar rights (whether payable in stock, cash or other property) with respect to the Company. (ii) Section 2.2(a) of the Company Disclosure Letter sets forth a list of each outstanding Company Option issued and (a) the particular Company Stock Plan (if any) pursuant to which such Company Option was granted, (b) the name and last known state of domicile of the holder of such Company Option (provided, however, that the Company may redact names of employees (other than with respect to officers of the Company) from such list), (c) the number of shares of Company Common Stock subject to such Company Option, (d) the exercise price of such Company Option (and whether such option is subject to Section 409A of the Code), (e) the date on which such Company Option was granted, (e) the applicable vesting schedule (including any acceleration provisions with respect thereto), and the extent to which such Company Option is vested and exercisable as of the date hereof, (f) the date on which such Company Option expires, and (g) whether such Company Option is intended to qualify as an incentive stock option as defined in Section 422 of the Code. All shares of Company Common Stock subject to issuance under the Company Stock Plans, upon issuance on the terms and conditions specified in the instruments pursuant to which they are issuable, would be duly authorized, validly issued, fully paid and nonassessable. True and complete copies of the forms of all agreements relating to Company Options issued under the Company Stock Plans have been provided to Parent, such forms of agreements are not materially different from the agreements evidencing such Company Options (other than with respect to the name of the holder, the per share exercise price, the number of shares subject to such Company Options and the applicable vesting schedule), and such agreements and instruments have not been amended, modified or supplemented, and the Company has no obligations under any Contract to amend, modify or supplement such agreements in any case from the forms provided to Parent (or the actual agreements evidencing such Company Options).

  • Incentive Stock Options If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares will be treated as long term capital gain for federal and California income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price.

  • 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.

  • Share Options With respect to the share options (the “Share Options”) granted pursuant to the share-based compensation plans of the Company and its subsidiaries (the “Company Share Plans”), (i) each Share Option intended to qualify as an “incentive stock option” under Section 422 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), so qualifies, (ii) each grant of a Share Option was duly authorized no later than the date on which the grant of such Share Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required shareholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Share Plans, the Exchange Act, and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange (the “Exchange”), and (iv) each such grant was properly accounted for in accordance with IFRS in the financial statements (including the related notes) of the Company. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Share Options prior to, or otherwise coordinating the grant of Share Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • Employee Stock Options Except as provided in this Agreement or pursuant to the provisions of any Plan or employee or director stock option agreement as in effect on the date hereof, from the date hereof Company will not accelerate the vesting or exercisability of or otherwise modify the terms and conditions applicable to the Employee Stock Options. At the Effective Time, each of the Employee Stock Options which is outstanding and unexercised at the Effective Time shall be converted automatically into an option to purchase Parent Shares in an amount and at an exercise price determined as provided below (and otherwise subject to the terms of the stock option plans of Company governing the Employee Stock Options (the "Company Stock Option Plans")): (1) The number of Parent Shares to be subject to the new option shall be equal to the product of the number of Shares subject to the original option and the Exchange Ratio, PROVIDED that any fractional Parent Shares resulting from such multiplication shall be rounded down to the nearest share and, except with respect to any options which are intended to qualify as "incentive stock options" (as defined in section 422 of the Code ("ISOs")), Parent shall pay an amount in cash to the holder of such Employee Stock Option equal to the fair market value immediately prior to the Effective Time of such fractional Parent Shares calculated based on the average closing price on the New York Stock Exchange for the last five trading days immediately preceding the day prior to the Effective Time; and (2) The exercise price per Parent Share under the new option shall be equal to the aggregate exercise price of the original option divided by the total number of full Parent Shares subject to the new option (as determined under (1) immediately above), PROVIDED that such exercise price shall be rounded up to the nearest cent. The adjustment provided herein with respect to any ISOs shall be and is intended to be effected in a manner that is consistent with section 424(a) of the Code. The duration and other terms of the new option shall be the same as that of the original option, except that all references to Company shall be deemed to be references to Parent. Parent shall file with the SEC a registration statement on Form S-8 (or other appropriate form) or a post-effective amendment to the Registration Statement as promptly as practicable after the Effective Time for purposes of registering all Parent Shares issuable after the Effective Time upon exercise of the Employee Stock Options, and shall have such registration statement or post-effective amendment become effective and comply, to the extent applicable, with state securities or blue sky laws with respect thereto at the Effective Time.

  • Stock Option Grants EMPLOYEE shall receive options to purchase Class A common stock of XM Satellite Radio Holdings Inc. (“XM Stock”) on the following terms. (a) On the Effective Date of the Amendment, XM will grant EMPLOYEE an option to purchase Three Hundred Fifty Thousand (350,000) shares of XM Stock. Additional stock options shall be awarded at the discretion of the Compensation Committee and the Board of Directors. (b) The options granted pursuant to Article 3.7(a) hereof will be non-qualified. The exercise price for such options shall be, with respect to each grant, the closing price of XM Stock on the date of grant. (c) Subject to the provisions of Article 4 hereof, the options granted pursuant to Article 3.7(a) hereof will vest and become exercisable on the following schedule: with respect to each grant, one third of the shares covered by the option shall become exercisable on the first anniversary of the grant, one third of the shares covered by the option shall become exercisable on the second anniversary of the grant, and one third of the shares covered by the option shall become exercisable on the third anniversary of the grant. In addition to the annual vesting requirement, the initial options granted upon the amendment of the contract shall also require that EMPLOYEE will not sell, pledge or otherwise dispose of shares issued upon the exercise of such initial options until the first to occur of the following: (i) the average closing price of XM Stock on the Nasdaq National Market system, or principal stock exchange on which shares of XM Stock are then listed, over any 20 consecutive trading days following the date of grant equals or exceeds $10, or (ii) seven years have elapsed since the date of grant. In the event that EMPLOYEE holds non-vested options at the time his employment by XM terminates, such non-vested options shall vest or shall be forfeited, as the case may be, in accordance with the provisions of Article 4 hereof. (d) Vested options may be exercised within ten (10) years of the date on which they were granted. In the event that EMPLOYEE holds unexercised vested options at the time his employment by XM terminates, such vested options may be exercised within the time periods set forth in Article 4 hereof. (e) XM agrees that the XM Stock to be issued to EMPLOYEE upon his exercise of the options granted pursuant to Article 3.7(a) hereof will be registered for sale to the public on XM’s Form S-8 Registration Statement.

  • 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 Option The Stock Option shall not be treated as an Incentive Stock Option.

  • Stock Rights In the event of a Change in Control, all restricted Company stock and all options, stock appreciation rights, and/or other stock rights held by Executive with respect to Company stock that are exempt from Section 409A (“Stock Rights”) which are not fully vested (and exercisable, if applicable) shall become fully vested and exercisable as of a time established by the Board, which shall be no later than a time preceding the Change in Control which allows Executive to exercise the Stock Rights and cause the stock acquired thereby to participate in the Change in Control transaction. If the Change in Control transaction is structured so that stock participating therein at one time is or may be treated differently from stock participating therein at a different time (e.g., a tender offer followed by a squeeze-out merger), the Board shall interpret this Subsection (d) to provide for the required vesting acceleration in a manner designed to allow Executive to exercise the Stock Rights and cause the stock acquired thereby to participate in the earliest portion of the Change in Control transaction. If the consummation of a Change in Control transaction is uncertain (e.g., a tender offer in which the tender of a minimum number of shares is a condition to closing, or a voted merger or proxy contest in which a minimum number of votes is a condition to closing), the Board shall apply this Subsection (d) by using its best efforts to determine if and when the Change in Control transaction is likely to close, and proceeding accordingly. To the extent necessary to implement this Subsection d), each agreement reflecting a Stock Right, and each plan, if any, pursuant to which a Stock Right is issued, if any, shall be deemed amended.

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