Forfeited Options Sample Clauses
Forfeited Options. Provision shall be made in the Stock Option Plan for options forfeited to be available for grant at fair market value to management employees in the discretion of the Board. Schedule A Initial Allocation of Management Incentive Option Plan Employee % of total number of shares of common stock issued at closing(1) --------------------------------------------------------------------------- ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 1.500% ▇▇▇▇▇ ▇▇▇▇▇▇ 0.625% ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ 0.625% ▇▇▇▇▇▇ ▇▇▇▇▇ 0.625% ▇▇▇▇ ▇▇▇▇▇▇▇ 0.625% ▇▇▇▇▇ ▇▇▇▇▇ 0.625% Other Employees(2) 2.875% Total 7.500% -------------- 1 Closing of the Merger. 2 To be allocated by ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ with the approval of the board of directors. Schedule B Allocation of Additional Options Employee % of total number of shares of common stock issued at closing(1) ----------------------------------------------------------------------------- ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 1.0% ▇▇▇▇▇ ▇▇▇▇▇▇ 0.5% ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ 0.5% ▇▇▇▇▇▇ ▇▇▇▇▇ 0.5% ▇▇▇▇ ▇▇▇▇▇▇▇ 0.5% ▇▇▇▇▇ ▇▇▇▇▇ 0.5% Total 3.5% ---------------------- 1 Closing of the Merger. Exhibit B UNIVERSAL HOSPITAL SERVICES, INC. STOCKHOLDERS' AGREEMENT Dated as of [ ], 1998 TABLE OF CONTENTS ARTICLE I Definitions
1.1 Definitions . . . . . . . . . . . . . . . . . . . . . . . . 2 ARTICLE II Transfer Provisions 2.1 Restrictions on Transfers . . . . . . . . . . . . . . . . . 11 2.2 Call by the Company . . . . . . . . . . . . . . . . . . . . 11 2.3 Put By Management Holders . . . . . . . . . . . . . . . . . 15 2.4 Tagalong . . . . . . . . . . . . . . . . . . . . . . . . . 18 2.5 Dragalong . . . . . . . . . . . . . . . . . . . . . . . . . 20 2.6 [Reserved] . . . . . . . . . . . . . . . . . . . . . . . . 21 2.7 Restrictions on Other Agreements . . . . . . . . . . . . . 21 2.8
Forfeited Options. The Forfeited Options are hereby forfeited, and the Executive shall have no further rights in the Forfeited Options. The Executive and the Company both acknowledge that the Company has not paid or promised to pay to the Executive any consideration, whether now or in the future, with respect to the forfeiture of the Forfeited Options.
Forfeited Options. In consideration of $1.00 and other good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, Executive hereby forfeits, transfers, conveys and assigns to the Company all options to purchase shares of Class B Common Stock of the Company pursuant to the Non-Qualified Stock Option Agreement, dated as of September 23, 1997, between Executive and the Company (the “1997 Option Agreement”). On the date hereof, Executive shall deliver to the Company for cancellation the original 1997 Option Agreement.