Future Stock Option Grants. (i) On or before December 31, 2010, Capital Corp. and Capital Corp. II shall have granted, in the aggregate, options with respect to 14.2127% of Total Equity (33,579,495.1506 Units (as defined in the Initial Option Awards)); it being understood that, except with respect to the grant of options in connection with Closing and the reallocation of a certain portion of the option pool as expressly required herein, the approval of the compensation committee of Capital Corp. and Capital Corp. II and the CEO shall be necessary for any grant of options in Capital Corp. and Capital Corp. II. The terms and conditions of any stock options granted to Executive in accordance with Section 1.8(b)(i)(a) or (b) shall be the same as the terms and conditions of the Initial Option Awards, except that the exercise price shall be the then current fair market value and vesting shall occur within the time periods set forth in this Section 1.8(b)(i).
Appears in 3 contracts
Samples: Executive Employment Agreement, Executive Employment Agreement (Sungard Data Systems Inc), Executive Employment Agreement (Sungard Data Systems Inc)
Future Stock Option Grants. (i) On or before December 31, 2010, Capital Corp. and Capital Corp. II shall have granted, in the aggregate, options with respect to 14.2127% of Total Equity (33,579,495.1506 Units (as defined in the Initial Option Awards)); it being understood that, except with respect to the grant of options in connection with Closing and the reallocation of a certain portion of the option pool as expressly required herein, the approval of the compensation committee of Capital Corp. and Capital Corp. II and the CEO shall be necessary for any grant of options in Capital Corp. and Capital Corp. II. The terms and conditions of any stock options granted to Executive in accordance with Section 1.8(b)(i)(a) or (b) shall be the same as the terms and conditions of the Initial Option Awards, except that the exercise price shall be the then current fair market value and vesting shall occur within the time periods set forth in this Section 1.8(b)(i).this
Appears in 3 contracts
Samples: Executive Employment Agreement (Sungard Data Systems Inc), Executive Employment Agreement (Sungard Data Systems Inc), Executive Employment Agreement (Sungard Data Systems Inc)
Future Stock Option Grants. (i) On or before December 31, 2010, Capital Corp. and Capital Corp. II shall have granted, in the aggregate, options with respect to 14.2127% of Total Equity (33,579,495.1506 Units (as defined in the Initial Option Awards)); it being understood that, except with respect to the grant of options in connection with Closing and the reallocation of a certain portion of the option pool as expressly required herein, the approval of the compensation committee of Capital Corp. and Capital Corp. II and the CEO shall be necessary for any grant of options in Capital Corp. and Capital Corp. II. The terms and conditions of any stock options granted to Executive in accordance with Section 1.8(b)(i)(a) or (b) shall be the same as the terms and conditions of the Initial Option Awards, except that the exercise price shall be the then current fair market value and vesting shall occur within the time periods set forth in this Section 1.8(b)(i).. For purposes of this Section 1.8(b), β
Appears in 1 contract
Samples: Executive Employment Agreement (Sungard Data Systems Inc)
