Executive Stock Option Plan Clause Samples

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Executive Stock Option Plan. After your Separation Date, you will not accrue any additional vesting of stock options granted to you under the Executive Stock Option and Share Purchase Plan (the “Executive Stock Option Plan”). Your termination shall be considered a retirement for purposes of the Executive Stock Option Plan. • Subject to your retirement on the Retirement Date, you will have until the earlier of July 1, 2012 and the normal expiration date of the stock options to exercise the vested stock options granted to you under the Executive Stock Option Plan, subject to the provisions of the Executive Stock Option Plan, your grant letter governing the vested options, and this Letter. The stock options not vested as of the Separation Date will be cancelled and forfeited without payment effective as of the Separation Date. You agree that the calculation of the number of vested and forfeited options reflected in the table attached to this Letter is correct and that you have no rights with respect to such options other than to exercise the vested options in accordance with the provisions of the Executive Stock Option Plan, your grant letter and this Letter. • For more information, please contact ▇▇▇▇▇ ▇▇▇▇▇▇▇ at ▇▇▇-▇▇▇-▇▇▇▇, ext. 85475.

Executive Stock Option Plan. Your termination of employment will be treated as an involuntary termination for purposes of this Plan. Consequently, after the Termination Date, vesting of stock options granted to you under the Plan will cease and, subject to the provisions of the said Plan, you may exercise options that are vested at the Termination Date within 60 days following the Termination Date. All non-vested options at the Termination Date will be cancelled at that date. Your termination of employment will be treated as an involuntary termination for purposes of this Plan. Consequently, after the Termination Date, vesting of stock options granted to you pursuant to this Plan will cease and, subject to the provisions of the said Plan, you may exercise options that are vested at the Termination Date within 90 days following the Termination Date. All non-vested options at the Termination Date will be cancelled at that date. In addition, under the rules of this Plan, any Restricted Stock Units (RSUs) and Performance Conditioned Restricted Stock Units (PCRSUs) granted to you but not vested at the Termination Date will be cancelled. For more information, please contact ▇▇▇▇▇ ▇▇▇▇▇▇▇, at 514-848-5555 ext. 85475.

Executive Stock Option Plan. 6.1. Without derogating from and in addition to the Salary set forth in Section 5 above, subject to the approval of the board of directors of the Company, the Company may grant the Executive equity compensation, through options (the “Options”) or RSU’s all in accordance with the Company’s Compensation Policy as shall be in effect from time to time (the “Compensation Policy”). Any grant of Options or RSU’s shall be subject to all approvals as required by law, including that of a general meeting of shareholders, as required. 6.2. Executive undertakes to execute any and all documents as may be reasonably required by the Company in connection with the Options or RSU’s as a prerequisite to the grant of such equity compensation as shall be subject to Executive’s fulfillment of the aforesaid undertaking.

Executive Stock Option Plan. Executive will be eligible for consideration for grants of stock options in accordance with the terms and conditions of SynQuest's Stock Option Plan (or successor stock option plan adopted by SynQuest during the term of this Agreement). The decision as to whether to grant options under the plan to Executive (and, if so, how many) will be solely within the discretion of the Board, and such grants, if any, will be subject to any terms and conditions imposed thereon by the Board. A recommendation for the grant to executive of an option for an aggregate total of 225,000 shares of common stock will be submitted to the Board at the first meeting of the Board following the date your employment commences under this Agreement. Vesting for these stock options shall be as follows: (a) 175,000 stock options will vest one-third a year starting on the first anniversary of the Option Grant Date. (b) 50,000 stock options will vest one-third a year starting on the first anniversary of the Option Grant Date, unless the Executive achieves Software License Revenue numbers for his first full year of employment totaling $42,750,000; then the options will vest one half a year starting on the first anniversary of the Option Grant Date.

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