Executive Stock Option Plan Sample Clauses

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.
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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.
Sample 1
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 Xxxxx Xxxxxxx at 000-000-0000, ext. 85475.
Sample 1
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.
Sample 1
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 150,000 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.
Sample 1
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 Xxxxx Xxxxxxx, at 514-848-5555 ext. 85475.
Sample 1
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. An initial recommendation to the Board for a grant of options to purchase 50,000 shares of SynQuest common stock will be made at the first meeting of Compensation Committee of the Board following February 1, 2001.
Sample 1
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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. On August 24, 1998 the Board approved the grant of an option to the Executive in the amount of 100,000 shares of common stock of SynQuest, exercisable at $3.00 per share. The option will become effective on the first day of employment under the terms of this agreement.
Sample 1

Related to Executive Stock Option Plan

  • Incentive Stock Option If this Option qualifies as an ISO, the Optionee will have no regular federal income tax liability upon its exercise, although the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price will be treated as an adjustment to alternative minimum taxable income for federal tax purposes and may subject the Optionee to alternative minimum tax in the year of exercise. In the event that the Optionee ceases to be an Employee but remains a Service Provider, any Incentive Stock Option of the Optionee that remains unexercised shall cease to qualify as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option on the date three (3) months and one (1) day following such change of status.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Employee Stock Options Except as provided in this Agreement or pursuant to the provisions of any Plan or employee or director stock option agreement as in effect on the date hereof, from the date hereof Company will not accelerate the vesting or exercisability of or otherwise modify the terms and conditions applicable to the Employee Stock Options. At the Effective Time, each of the Employee Stock Options which is outstanding and unexercised at the Effective Time shall be converted automatically into an option to purchase Parent Shares in an amount and at an exercise price determined as provided below (and otherwise subject to the terms of the stock option plans of Company governing the Employee Stock Options (the "Company Stock Option Plans")): (1) The number of Parent Shares to be subject to the new option shall be equal to the product of the number of Shares subject to the original option and the Exchange Ratio, PROVIDED that any fractional Parent Shares resulting from such multiplication shall be rounded down to the nearest share and, except with respect to any options which are intended to qualify as "incentive stock options" (as defined in section 422 of the Code ("ISOs")), Parent shall pay an amount in cash to the holder of such Employee Stock Option equal to the fair market value immediately prior to the Effective Time of such fractional Parent Shares calculated based on the average closing price on the New York Stock Exchange for the last five trading days immediately preceding the day prior to the Effective Time; and (2) The exercise price per Parent Share under the new option shall be equal to the aggregate exercise price of the original option divided by the total number of full Parent Shares subject to the new option (as determined under (1) immediately above), PROVIDED that such exercise price shall be rounded up to the nearest cent. The adjustment provided herein with respect to any ISOs shall be and is intended to be effected in a manner that is consistent with section 424(a) of the Code. The duration and other terms of the new option shall be the same as that of the original option, except that all references to Company shall be deemed to be references to Parent. Parent shall file with the SEC a registration statement on Form S-8 (or other appropriate form) or a post-effective amendment to the Registration Statement as promptly as practicable after the Effective Time for purposes of registering all Parent Shares issuable after the Effective Time upon exercise of the Employee Stock Options, and shall have such registration statement or post-effective amendment become effective and comply, to the extent applicable, with state securities or blue sky laws with respect thereto at the Effective Time.

  • Incentive Stock Options If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares will be treated as long term capital gain for federal and California income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Nonstatutory Stock Option If the Grant Notice so designates, this Option is intended to be a Nonstatutory Stock Option and shall not be treated as an Incentive Stock Option within the meaning of Section 422(b) of the Code.

  • Nonqualified Stock Option The Stock Option shall not be treated as an Incentive Stock Option.

  • Stock Option Award In the event of Employee’s involuntary Termination of Employment without Cause or Termination of Employment due to a resignation by Employee for Good Reason that, in either case, occurs on or before the second anniversary of a Change in Control, the Stock Option Award shall become exercisable immediately (whether or not previously exercisable) and shall remain exercisable for the three year period following such Termination of Employment. For this purpose, “Good Reason” has the same meaning determined by Employee’s written employment agreement in effect on the Grant Date. In the event there is no such agreement or definition, then Good Reason means the initial existence of one or more of the following conditions, arising without the consent of the Employee: (1) a material diminution in Employee’s base compensation; (2) a material diminution in Employee’s authority, duties, or responsibilities, so as to effectively cause Employee to no longer be performing the duties of his position; (3) a material diminution in the authority, duties, or responsibilities of the supervisor to whom Employee is required to report.

  • Stock Option Grants EMPLOYEE shall receive options to purchase Class A common stock of XM Satellite Radio Holdings Inc. (“XM Stock”) on the following terms. (a) On the Effective Date of the Amendment, XM will grant EMPLOYEE an option to purchase Three Hundred Fifty Thousand (350,000) shares of XM Stock. Additional stock options shall be awarded at the discretion of the Compensation Committee and the Board of Directors. (b) The options granted pursuant to Article 3.7(a) hereof will be non-qualified. The exercise price for such options shall be, with respect to each grant, the closing price of XM Stock on the date of grant. (c) Subject to the provisions of Article 4 hereof, the options granted pursuant to Article 3.7(a) hereof will vest and become exercisable on the following schedule: with respect to each grant, one third of the shares covered by the option shall become exercisable on the first anniversary of the grant, one third of the shares covered by the option shall become exercisable on the second anniversary of the grant, and one third of the shares covered by the option shall become exercisable on the third anniversary of the grant. In addition to the annual vesting requirement, the initial options granted upon the amendment of the contract shall also require that EMPLOYEE will not sell, pledge or otherwise dispose of shares issued upon the exercise of such initial options until the first to occur of the following: (i) the average closing price of XM Stock on the Nasdaq National Market system, or principal stock exchange on which shares of XM Stock are then listed, over any 20 consecutive trading days following the date of grant equals or exceeds $10, or (ii) seven years have elapsed since the date of grant. In the event that EMPLOYEE holds non-vested options at the time his employment by XM terminates, such non-vested options shall vest or shall be forfeited, as the case may be, in accordance with the provisions of Article 4 hereof. (d) Vested options may be exercised within ten (10) years of the date on which they were granted. In the event that EMPLOYEE holds unexercised vested options at the time his employment by XM terminates, such vested options may be exercised within the time periods set forth in Article 4 hereof. (e) XM agrees that the XM Stock to be issued to EMPLOYEE upon his exercise of the options granted pursuant to Article 3.7(a) hereof will be registered for sale to the public on XM’s Form S-8 Registration Statement.

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