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 Compensation Committee of the Board.
Sample 1See All (4)
AutoNDA by SimpleDocs
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.
Sample 1Sample 2
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).
Sample 1Sample 2
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. 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. 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. Bonuses. 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
AutoNDA by SimpleDocs
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:
Sample 1
Bonuses and Stock Options 
Sample 1Sample 2Sample 3See All (5)

Related to Bonuses 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.

  • 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 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”).

  • 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.

  • 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 Option Awards During the Term, the Executive shall be eligible for awards of options to purchase shares of the Company’s common stock (the “Stock Options”), such Stock Options to be awarded in the sole discretion of the Compensation Committee and in accordance with the terms of the Company’s Stock Option Plan, as such Stock Option Plan may be amended, suspended or terminated from time to time.

  • 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.

Time is Money Join Law Insider Premium to draft better contracts faster.