Employee Option Plan Clause Samples
Employee Option Plan. You shall be entitled to participate in Torotel’s employee stock option plan, in accordance with the terms of such plan, as it may be amended from time to time.
Employee Option Plan. Prior to the Closing, the Company shall have amended the Company's Amended and Restated 1997 Stock Compensation Program (the "Plan"), which Plan would cover an aggregate of 7.5% (but, together with the Founder Options, not more than 15%) of the Company's outstanding shares of Common Stock (after issuance of the Purchaser Shares). Schedule 4.2 sets forth a list of persons to be granted options to purchase Common Stock under the Plan at or immediately prior to the Closing by the Company, together with the number of options to be granted to each such holder, at an exercise price of $0.54 per share of Common Stock (such price to be appropriately adjusted to give effect to the Reverse Stock Split or any stock split, stock combination, reorganization, recapitalization, etc. affecting the Company's capital stock). The Plan shall provide for the granting of stock-based incentive compensation to employees, directors and consultants of the Company and its Subsidiaries. The Company shall reserve sufficient shares of its Common Stock for issuance upon the exercise of grants under the Plan.
Employee Option Plan. 28 Section 4.3..........................................................................
Employee Option Plan. 1.5(c) Employee Plan............................................... 3.1(m)(ii) Encumbrances................................................ 3.1(k) Environmental Laws.......................................... 3.1(r)(i) Environmental Permits....................................... 3.1(r)(i) Equity Commitment........................................... 3.3(c)(ii) ERISA ...................................................... 3.1(m) ERISA Affiliate............................................. 3.1(m) Escrow Agent................................................ 1.11(a) Executive Bonuses........................................... 1.11(a) Executive Option Exercise................................... 1.11(a) Executives.................................................. 1.11(a) Financial Statements........................................ 3.1(e)
Employee Option Plan. The Company shall establish an employee option plan to reward current employees and to attract future employees of the Company. The terms of the employee option plan, and any grants made thereunder, shall be subject to the approval of the Board of Managers of the Company following the Closing, but in no event shall the membership units or equity shares available under the employee option plan exceed 10% of all issued and outstanding membership units or equity shares issued and outstanding (on a fully diluted basis) as of the Closing.
Employee Option Plan. Within 45 days of the date hereof, the Company shall have established a new equity incentive plan for management, partners and employees for the issuance of up to 5,000,000 shares of Common Stock with vesting tied to certain milestones.
Employee Option Plan. 13 ERISA..................................... 22
Employee Option Plan. Subject to the approval of the Board of Directors of DSP Group, Inc. and subject to the terms and conditions to the DSP Group Inc.'s Employee Option Plan for employees of the Company, Shahaf shall be entitled to receive up to 70,000 shares of the Common Stock of DSP Group, Inc. The vesting schedule of said options shall be as follows: 25% of the shares will vest at the end of the 1st year from the date of grant of said options and the number of shares equal to 6.25% shares will vest at the end of each 3 month period thereafter. The exercise price shall be decided by the Company's Board of Directors on the date of the grant of said options.
Employee Option Plan. 4.11.1 Nextera shall procure that 40,000 options for Nextera Shares are granted during 1999 to employees of the Company in accordance with and subject to the 1998 Equity Participation Plan.