Common use of Future Grants Clause in Contracts

Future Grants. In addition, during the Term of Employment, the Executive shall be eligible to be granted options (the "Stock Options") to purchase common stock (the "Common Stock") of the Company under (and therefore subject to all terms and conditions of) the Company's Stock Option Plan, and any successor plan thereto (the "Stock Option Plan"); provided, however, that the Stock Options shall become immediately exercisable in full upon termination of the Executive's employment with the Company for any reason other than termination by the Company for Cause under Section 5.1 hereof or termination by the Executive without Good Reason under Section 5.5b hereof. The number of Stock Options and terms and conditions of the Stock Options shall be determined by the committee of the Board appointed pursuant to the Stock Option Plan, or by the Board of Directors of the Company, in its discretion and pursuant to the Stock Option Plan.

Appears in 2 contracts

Samples: Employment Agreement (Urban Ag. Corp.), Employment Agreement (Miller Petroleum Inc)

AutoNDA by SimpleDocs

Future Grants. In addition, during the Term of Employment, the Executive shall be eligible to be granted options (the "Stock Options") to purchase common stock (the "Common Stock") of the Company under (and therefore subject to all terms and conditions of) the Company's Stock Option Plan, and any successor plan thereto (the "Stock Option Plan"); provided, however, that the Stock Options shall become immediately exercisable in full upon termination of the Executive's employment with the Company for any reason other than termination by the Company for Cause under Section 5.1 hereof or termination by the Executive without Without Good Reason under Section 5.5b hereof. The number of Stock Options and terms and conditions of the Stock Options shall be determined by the committee of the Board appointed pursuant to the Stock Option Plan, or by the Board of Directors of the Company, in its discretion and pursuant to the Stock Option Plan.

Appears in 2 contracts

Samples: Employment Agreement (Able Telcom Holding Corp), Employment Agreement (Able Telcom Holding Corp)

Future Grants. In addition, during the Term of --------------- Employment, the Executive shall be eligible to be granted options (the "Stock OptionsSTOCK OPTIONS") to purchase common stock (the "Common Stock") of the Company Charys under (and therefore subject to all terms and conditions of) the Company's Charys Stock Option Plan, and any successor plan thereto (the "Stock Option Plan")thereto; provided, however, that the Stock Options shall become immediately exercisable in full upon termination of the Executive's employment with the Company for any reason other than termination by the Company for Cause under Section 5.1 hereof or termination by the Executive without Good Reason under Section 5.5b 5.5(b) hereof. The number of Stock Options and terms and conditions of the Stock Options shall be determined by the committee of the Board appointed pursuant to the Charys Stock Option Plan, or by the Board of Directors of the CompanyCharys Board, in its discretion and pursuant to the Charys Stock Option Plan.

Appears in 2 contracts

Samples: Employment Agreement (Charys Holding Co Inc), Employment Agreement (Charys Holding Co Inc)

Future Grants. In addition, during the Term of Employment, the Executive shall be eligible to be granted options (the "Stock OptionsSTOCK OPTIONS") to purchase common stock (the "Common Stock") of the Company EGPI under (and therefore subject to all terms and conditions of) the Company's EGPI Stock Option Plan, and any successor plan thereto (the "Stock Option Plan")thereto; provided, however, that the Stock Options shall become immediately exercisable in full upon termination of the Executive's employment with the Company for any reason other than termination by the Company for Cause under Section 5.1 hereof or termination by the Executive without Good Reason under Section 5.5b 5.5(b) hereof. The number of Stock Options and terms and conditions of the Stock Options shall be determined by the committee of the Board appointed pursuant to the EGPI Stock Option Plan, or by the Board of Directors of the CompanyEGPI Board, in its discretion and pursuant to the EGPI Stock Option Plan.

Appears in 2 contracts

Samples: Employment Agreement (Egpi Firecreek, Inc.), Employment Agreement (Egpi Firecreek, Inc.)

AutoNDA by SimpleDocs

Future Grants. In addition, during the Term of Employment, -------------- the Executive shall be eligible to be granted options (the "Stock Options") to purchase common stock (the "Common Stock") of the Company under (and therefore subject to all terms and conditions of) the Company's Stock Option Plan, and any successor plan thereto (the "Stock Option Plan"); provided, however, that the Stock Options shall become immediately exercisable in full upon termination of the Executive's employment with the Company for any reason other than termination by the Company for Cause under Section 5.1 hereof or termination by the Executive without Good Reason under Section 5.5b hereof. The number of Stock Options and terms and conditions of the Stock Options shall be determined by the committee of the Board appointed pursuant to the Stock Option Plan, or by the Board of Directors of the Company, in its discretion and pursuant to the Stock Option Plan.

Appears in 1 contract

Samples: Employment Agreement (Charys Holding Co Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!