Buyer Options. Buyer agrees to grant options to purchase an aggregate of 3,000,000 FM Ordinary Shares (the "Buyer Options") subject to applicable law (i) on the Closing Date to the employees of the Company who have entered into either the Key Company Employee Employment Agreements or the General Employment Agreements, as the case may be, on or prior to the Closing Date and (ii) on the effective date of the respective Key Company Employee Employment Agreements or General Employment Agreements, as the case may be, to employees of the Group Companies who enter into either the Key Company Employee Employment Agreements or the General Employment Agreements subsequent to the Closing Date. The Company may determine, in its sole discretion, to allocate the number of the Buyer Options among such employees in clauses (i) and (ii) above. The Buyer Options will be exercisable at a price per FM Ordinary Share equal to one-tenth of the closing price per ADS as reported on the NASDAQ on the date the Buyer Options are granted.
Buyer Options. Buyer Option Buyer Option NEW NEW 0-00.xxx/xxxxxxxx
Buyer Options. At or as soon as practicable after the Closing, Buyer shall grant options to purchase an aggregate of 496,000 shares of Buyer Stock ("Buyer Options") to the employees of the Surviving Corporation identified on SCHEDULE 6.3 attached hereto. The Buyer Options shall be granted to the employees identified on SCHEDULE 6.3 to purchase the number of shares of Buyer Stock set forth opposite the name of each such employee pursuant to the terms of the Buyer's stock option plans, which terms shall include, among other things, an exercise price equal to the fair market value of the Buyer Stock as of the date of grant and annual vesting over a four (4) year term.
Buyer Options. 28 4.13 Severance.............................................................................................28 4.14 U.S. Real Property Interest...........................................................................28 4.15 Payment of Outstanding Company Payables...............................................................28 4.16 Termination of 401(k) Plan............................................................................29 ARTICLE V
Buyer Options. On the Closing Date, the Buyer will grant nonqualified stock options (the "OPTIONS") to purchase an aggregate of 1,000,000 shares of the Buyer Common Stock at an exercise price of $3.00 per share. The Options shall be granted among the Continuing Employees (including the Sellers) as allocated at the sole discretion of the Sellers and as set forth on EXHIBIT 4.4 attached hereto. The Options shall be exercisable during a five-year term, vesting over a period of three years, with one-third of the Options granted to each individual vesting at the first, second and third anniversary of the effective date of this Agreement. The Options shall be granted pursuant to the terms of the "Geokinetics Inc. 1997 Stock Awards Plan" maintained by the Buyer.
Buyer Options. On the Closing Date, Buyer will grant options to purchase an aggregate of 1,218,000 shares of its Common Stock to the employees of the Company identified on SCHEDULE 4.12, in such amounts as set forth opposite their name, at a per share exercise price equal to the last reported sale price per share of the Buyer Common Stock on the Nasdaq National Market on the Closing Date. Such options will vest over a four year period as follows: 25% on the first anniversary of the grant date and the remaining 75% shall vest at a rate of 2.083% per month thereafter, subject in each case to continued employment with or service to Buyer following the Closing.
Buyer Options. All shares of Buyer Common Stock which may be issued upon the exercise of Substitute Options issued by buyer hereunder will be, when exercised and issued in accordance with the terms thereof, duly authorized, validly issued, fully paid and non-assessable and not subject to any preemptive rights created by statute, the Certificate of Incorporation or the By-laws of Buyer or any contract to which Buyer is a party.
Buyer Options. 37 4.5 DISTRIBUTION OF COMPANY PROFIT SHARING PLAN................................37 4.6
Buyer Options. In the event Buyer provides written notice to Parent and Landcar Management during the Objection Period of any Material Environmental Condition or any Material Property Condition as to a Primary Leased Dealership Property and the applicable New Car Entity is not able to cure such condition in accordance Section 6.3(d)(iii) or Section 6.3(d)(iv), as applicable, then Buyer may elect, in its sole discretion, to either (1) waive any such Material Environmental Condition or Material Property Condition which remains uncured, and in such case, such New Car Entity shall not be deemed an Excluded New Car Entity for purposes of this Agreement or (2) elect to exclude the New Car Entity associated with the Dealership Operation of such Primary Leased Dealership Property to which such Material Environmental Condition or Material Property Condition exists and remains uncured prior to the First Closing and such New Car Entity shall be deemed an Excluded New Car Entity and the Primary Leased Dealership Property shall be removed from the Transactions for purposes of this Agreement.
