EMPLOYEE STOCK INCENTIVE PLAN Clause Samples
EMPLOYEE STOCK INCENTIVE PLAN. Effective as of the Closing Date, the parties shall have agreed on a conversion of the issued and outstanding options under Target Company’s Employee Stock Incentive Plan, as listed on Section 3.4(c) of the Disclosure Schedules (the “Target Company Options”), into stock options for Holdings common stock consistent with the rules of Section 424 of the Internal Revenue Code of 1986, as amended, with terms that remain otherwise unchanged, or shall have agreed on a treatment of the Target Company Options that preserves their intrinsic value and provides sufficient liquidity to the option holders for purposes of all tax liabilities.
EMPLOYEE STOCK INCENTIVE PLAN. (a) Executive shall be eligible to receive equity compensation awards under the Vitesse Semiconductor Corporation 2001 Stock Incentive Plan (“SIP”) as determined by the Board of Directors of Vitesse or any duly authorized committee thereof (the “Board”) and consistent with his position as Chief Financial Officer. Vitesse and Executive further agree that Executive’s equity compensation position shall be reviewed not less than once per year from the Effective Date of this Agreement.
EMPLOYEE STOCK INCENTIVE PLAN. Executive shall be eligible to receive equity compensation grants under the Vitesse Semiconductor Corporation 2010 Incentive Plan or any successor equity compensation program approved by the Board (“SIP”), with the amount of any such compensation to be determined by the Board and consistent with his position as Chief Executive Officer.
EMPLOYEE STOCK INCENTIVE PLAN. As of May 3, 2003, 337,400 shares of GBC Common Stock were subject to outstanding stock options under the GBC Bancorp Amended and Restated 1988 Stock Option Plan and zero shares of GBC Common Stock were reserved for future issuance under the GBC Bancorp Amended and Restated 1988 Stock Option Plan. As of the date hereof, 320,800 shares of GBC Common Stock were subject to outstanding Contingency Stock Options. Except as set forth in this Section 3.5, as of the date of this Agreement, there are no shares of capital stock or other equity securities of GBC outstanding and no outstanding options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible into or exchangeable for, shares of the capital stock of GBC, or contracts, commitments, understandings or arrangements by which GBC is or may be bound to issue additional shares of its capital stock or options, warrants or rights to purchase or acquire any additional shares of its capital stock. There are no outstanding phantom stock rights or awards.
EMPLOYEE STOCK INCENTIVE PLAN. Executive shall be eligible to receive options under the Vitesse Semiconductor Corporation 2001 Stock Incentive Plan ("SIP") as determined by the Compensation Committee of the Board of Directors of Vitesse (the "Board") and consistent with his position as Chief Executive Officer.
EMPLOYEE STOCK INCENTIVE PLAN. The Executive shall be entitled to participate in the Company's 1989 Employee Stock Incentive Plan (the "Stock Incentive Plan") (a copy of which is attached hereto as Exhibit B) and, pursuant to and in accordance with the terms and conditions of the Stock Incentive Plan, the Company shall grant to the Executive the awards described below:
EMPLOYEE STOCK INCENTIVE PLAN. Executive shall be eligible to receive equity compensation grants under the Vitesse Semiconductor Corporation 2001 Stock Incentive Plan (“SIP”) or any successor equity compensation program approved by the Board, with the amount of any such compensation to be determined by the Board and consistent with his position as Chief Executive Officer. Concurrent with the execution of this Agreement, a grant of 1,800,000 options (“Option”) and 1,800,000 restricted stock units (“RSU”) is being made under the Vitesse Amended and Restated 2001 Stock Incentive Plan. The terms and conditions of the Option and RSU grant shall be as set forth in Vitesse’s Amended and Restated 2001 Stock Incentive Plan and the grant documents and agreements associated therewith.
EMPLOYEE STOCK INCENTIVE PLAN. Executive will be eligible to participate in the Employee Stock Incentive Plan. The Executive will be awarded options to purchase 10,000 shares on your first date of work and 10,000 shares on each of the second and third year anniversaries of employment, in each case at a ▇▇▇▇▇ ▇▇▇▇▇ of the then current fair market value of the stock. Thereafter, participation in the plan is at the sole discretion of the Company. The grant of option is subject to continued employment with the Company. Under the Employee Stock Incentive Plan Stock Plan, options vest over 4 years.
EMPLOYEE STOCK INCENTIVE PLAN. (a) Executive shall be eligible to receive equity compensation awards under the Vitesse Semiconductor Corporation 2010 Incentive Plan ("2010 Incentive Plan") as determined by the Board of Directors of Vitesse or any duly authorized committee thereof (the "Board") and consistent with his position as Chief Financial Officer. An initial grant, subject to Board approval, would consist of 100,000 shares of Vitesse stock, equally allocated between options and restricted stock units. Such options and restricted stock units will vest over two years in 24 (twenty-four) equal monthly amounts. Vitesse and Executive further agree that Executive's equity compensation position shall be reviewed not less than once per year from the Effective Date of this Agreement. Moreover, subject to approval from Vitesse's Compensation Committee, Executive may be eligible for evergreen grants pursuant to Vitesse's applicable policies and plan.
EMPLOYEE STOCK INCENTIVE PLAN. Executive will be eligible to ----------------------------- participate in the Employee Stock Incentive Plan. The Executive will be awarded 10,000 shares the first year at a ▇▇▇▇▇ ▇▇▇▇▇ of $10 per share, a minimum of 5,000 shares for the second and third year of employment at a ▇▇▇▇▇ ▇▇▇▇▇ of the current fair market value of the stock. Thereafter, participation in the plan is at the sole discretion of the Bank.