EQUITY OPPORTUNITY. During the Term, Employee shall be eligible to receive grants of options to purchase shares of Sabratek's stock and awards of shares of Sabratek's stock, either or both as determined by the Chief Executive Officer or his designee, under and in accordance with the terms of applicable plans of Sabratek and related option and award agreements.
EQUITY OPPORTUNITY. The Executive shall be granted a non-qualified stock option under the Company's 1997 Stock Option Plan to purchase an aggregate of ten thousand (10,000) shares of common stock of the Company at an exercise price equal to the closing sales price of the common stock on the business day immediately preceding the date of grant, which option shall vest in annual 20% increments beginning one year from the date of grant and expire ten (10) years from the date of grant, and shall be upon such other terms and conditions as contained in the Company's standard form of option agreement.
EQUITY OPPORTUNITY. During the Employment Term, Groteke shall be eligible to receive grants of options to purchase shares of NetWolves's stock and awards of shares of NetWolves's stock, either or both as determined by the Committee, under and in accordance with the terms of applicable plans of NetWolves and related option and award agreements. It is the intention of NetWolves to grant stock options to Groteke during the Employment Term.
EQUITY OPPORTUNITY. During the Term XxXxx shall be eligible to receive grants of options to purchase shares of Terex's stock and awards of shares of Terex's stock, either or both as determined by the Committee, under and in accordance with the terms of applicable plans of Terex and related option and award agreements. XxXxx shall also be entitled to participate in any equity programs of Subsidiaries or Affiliates upon such terms and conditions as may be established by the Committee.
EQUITY OPPORTUNITY. Parent shall provide to Executive an opportunity to purchase equity on terms and conditions set forth on Exhibit B hereto.
EQUITY OPPORTUNITY. During the Term, Executive shall be eligible for stock option grants and similar awards under existing plans of the Company, and under any future plans in which executive officers of the Company are entitled to participate. In addition, upon the execution of this Agreement, Executive shall be granted a non-qualified option (the "Stock Option") exercisable to purchase 50,000 shares of the common stock, $.001 par value per share (the "Common Stock"), of the Company, at an initial exercise price of $12.00 per share. The Stock Option will be exercisable in cumulative annual increments of 25% of the shares subject thereto, commencing on the first anniversary of the date hereof, provided, however, that the Stock Option shall become exercisable in full, without regard to the vesting criteria otherwise contained herein or therein, upon the occurrence of a Change of Control (as hereinafter defined) or the termination of Executive's employment hereunder (x) by the Company, other than for Cause, death or disability or (y) by the Executive for Good Reason. If the Company consummates a public offering of its capital stock within six months of the date hereof, and the initial public offering price per share is less than or greater than the then current exercise price of the Stock Option, such exercise price will be adjusted to equal the initial public offering price per share.
EQUITY OPPORTUNITY. During the Employment Term, Blau shall be eligible to receive grants of options to purchase shares of Griffon's stock and awards of shares of Griffon's stock, either or both as determined by the Committee, under and in accordance with the terms of applicable plans of Griffon and related option and award agreements. It is the intention of Griffon to grant stock options to Blau during the Employment Term. Also, to the extent permitted by any such plan, Blau shall be eligible during any Consulting Period to receive grants of options and awards of shares of Griffon's stock in the same manner.
EQUITY OPPORTUNITY. During the Term, Paddx xxxll be eligible to receive grants of options to purchase shares of Sabratek's stock and awards of shares of Sabratek's stock, either or both as determined by the Committee, under and in accordance with the terms of applicable plans of Sabratek and related option and award agreements.
EQUITY OPPORTUNITY. During the Term, Executive shall be eligible for stock option grants and similar awards under existing plans of the Company (and, if applicable, under existing plans of Waxman), and under any future plans adopted and administered by the Board in which executive officers of the Company are entitled to participate.
EQUITY OPPORTUNITY. During the Employment Term, Balemian shall be eligible to receive grants of options to purchase shares of Griffon's stock and awards of shares of Griffon's stock, either or both as determined by the Committee, under and in accordance with the terms of applicable plans of Griffon and related option and award agreements. It is the intention of Griffon to grant stock options to Balemian during the Employment Term. Also, to the extent permitted by any such plan, Balemian shall be eligible during any Consulting Period to receive grants of options and awards of shares of Griffon's stock in the same manner.
