Executive Stock Options. The Company shall grant to Executive an ----------------------- option to purchase shares of the Company's Common Stock pursuant to the terms of the Company's 1996 Stock Option Plan and a definitive option agreement between the Company and Executive.
Executive Stock Options. All options of the Executive entitling him to purchase equity securities of the Company, regardless of the original terms thereof and regardless of the plan or other agreement pursuant to which they were issued, are hereby cancelled and will no longer be exercisable; provided, however, that the Executive shall retain options (the “Options”) to purchase (i) 150,000 shares of the Company’s Class A common stock, $0.01 par value per share (the “Class A Common”), at the exercise price of $0.50 per share and (ii) 234,000 shares of Class A Common at the exercise price of $4.18 per share, minus in each case any Options exercised by the Executive on or after April 1, 2002, subject to the terms and conditions of the Sealy Corporation Agreement Evidencing a Grant of a Nonqualified Stock Option Under 1998 Stock Option Plan, dated as of March 18, 1998, between the Company and the Executive (the “1998 Option Agreement”) and of the Sealy Corporation 1998 Stock Option Plan (the “1998 Stock Option Plan”); and provided further that the Executive may exercise the Options, at any time on or before March 31, 2007, at which time the Options will expire and no longer be exercisable, unless the Executive’s employment with the Company is terminated by the Company for Cause or by the Executive other than for Good Reason in which case the Executive may exercise the Options at any time on or before the sixtieth day after the date of such termination (but not later than March 31, 2007), at which time the Options will expire and no longer be exercisable. The Executive shall surrender all certificates or other instruments evidencing options to the Company for reissuance of new certificates or other instruments evidencing the terms of the Options provided for above.
Executive Stock Options. Following the adoption of a stock option plan (the “Plan”), the Executive will receive the following stock-based bonuses on January 1 of each calendar year (each a “Grant Date”) at an exercise price equal to the greater of (i) fair market value per share as of the Grant Date and (ii) $4.29: (i) 250,000 options to purchase shares of the Company’s common stock, such options vesting quarterly over the period beginning January 2022 and ending December 2022; (ii) 250,000 options to purchase shares of the Company’s common stock, such options vesting quarterly over the period beginning January 2023 and ending December 2023; (iii) 250,000 options to purchase shares of the Company’s common stock, such options vesting quarterly over the period beginning January 2024 and ending December 2024; (iv) 250,000 options to purchase shares of the Company’s common stock, such options vesting quarterly over the period beginning January 2025 and ending December 2025; and (v) 250,000 options to purchase shares of the Company’s common stock, such options vesting quarterly over the period beginning January 2026 and ending December 2026.
Executive Stock Options. If the Executive is terminated without cause, the time period the Executive may hold stock options as defined in the "1995 Employee Option Agreement" will be changed to a three (3) year holding period and the Executive's options will vest through the Term of this agreement.
Executive Stock Options. Notwithstanding the foregoing, in the event of a Sale Event, upon a termination of Optionee’s Service Relationship without Cause by the Company (or a successor, if appropriate) or if Optionee resigns for Good Reason (as defined below) in connection with or within three months following the consummation of a Sale Event (or such other protected period provided for in the Optionee’s Executive Employment Agreement (as defined below)), then 100% of the then outstanding and unvested Option Shares shall immediately be deemed vested and exercisable effective immediately prior to such termination of Optionee’s Service Relationship. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan. In the event of a Sale Event, if the Company’s successor (which, for the purposes of this provision, is the acquirer of the Company’s assets in a Sale Event resulting from the sale of all or substantially all of the Company’s assets) does not agree to assume this Stock Option, or to substitute an equivalent award or right for this Stock Option, and Service Provider remains in a Service Relationship through the consummation of such Sale Event, and does not voluntarily resign without continuing with the Company’s successor, then the vesting of this Stock Option shall accelerate such that this Stock Option shall be vested to the same extent as if Optionee had been terminated without Cause as described above, effective immediately prior to, and contingent upon, the consummation of such Sale Event. If Optionee is a director but not an employee or Consultant of the Company (or a successor, if appropriate) at the time of consummation of the Sale Event and Optionee is removed from, or is not reelected to, the Board (or the Board of a successor, as appropriate) in connection with or following the consummation of a Sale Event, then the vesting of this Stock Option shall accelerate such that this Stock Option shall be vested to the same extent as if Optionee had been terminated without Cause as described above. As used herein, “Good Reason” will have the meaning assigned to such term in the Optionee’s executive offer letter dated as of [INSERT DATE]8 (the “Employment Agreement”). Notwithstanding the foregoing, the vesting of this Stock Option shall accelerate such that this Stock Option shall become vested as to Option Shares then unvested in connection wit...
Executive Stock Options. As of the Effective Date of this Agreement, Executive shall be granted nonstatutory stock options ("Executive Options") to purchase up to 500,000 shares of the Company's common stock at the exercise prices set forth in, and subject to the provisions of the stock option agreement attached hereto as EXHIBIT B. During the remaining term of this Agreement, any additional stock option awards shall be at the discretion of the Compensation Committee of the Company's Board.
Executive Stock Options. Executive Stock Options. Executive may be granted stock options on the same basis as the Corporation, BAB or other BAB subsidiaries may from time to time grant stock options to other executives of the Corporation, BAB or other BAB subsidiaries.
Executive Stock Options. Upon delivering written notice to the ----------------------- Investor, the Company shall have the right to issue to executive officers, directors and/or employees of the Company from time to time, solely at the discretion of the Board, stock options ("Stock Options") to purchase shares of ------------- Common Stock in an aggregate amount not exceeding 10% of the Total Company Shares on the Closing Date. It shall be a condition to the issuance of any shares of Common Stock pursuant to a Stock Option that the holder thereof provide a written agreement to be bound by and subject to this Agreement. If any such Stock Option is terminated by reason of any termination of employment and any or all of the shares of Common Stock issuable thereunder are not vested and issued in accordance with the terms thereof, the Company shall have the right to issue one or more Stock Options as provided herein for that number of shares of Common Stock which equal the number of shares that were not vested and issued pursuant to such terminated Stock Option at the time of such termination.
Executive Stock Options. All of Executives current and future stock option agreements shall permit or shall be amended to permit, as applicable, exercise of Executive’s vested stock options by means of a “net exercise”.
Executive Stock Options. Pursuant to the Nexstar Broadcasting Group, Inc. 2003 Long-Term Equity Incentive Plan (the “LTIP”), the Board or the Compensation Committee of the Board, as applicable, will, at its discretion, grant Executive options to purchase shares of the Parent’s Class A Common Stock (the “Options”). As of the Effective Date of employment of Executive, Executive will be granted an Option to purchase 300,000 shares of Parent’s Class A Common Stock (the “Class A Common Stock”) at a per-share exercise price equal to the closing price of the Class A Common Stock on Nasdaq on the date of such option grant (the “Initial Option Price”). All Options described in this Section 8 shall be subject to the terms and conditions (including vesting provisions) of the LTIP and the option agreement pursuant to which the Options were granted.
