GRANT OF ADDITIONAL OPTIONS Sample Clauses
The 'Grant of Additional Options' clause authorizes the issuance of extra stock options to certain individuals, typically employees or executives, beyond any initial allocation. This clause outlines the conditions under which additional options may be granted, such as meeting performance targets, company milestones, or at the discretion of the board. Its core function is to provide flexibility in incentivizing key personnel and aligning their interests with the company's success, thereby supporting talent retention and motivation.
GRANT OF ADDITIONAL OPTIONS. As of the Effective Date, CHC shall grant Executive, pursuant to the CHC 2000 Stock Option/Stock Issuance Plan (the "2000 Option Plan"), options to acquire 135,000 shares of Common Stock in CHC at an exercise price of $8.00 per share. Such options shall vest and become exercisable in three equal annual installments on the first, second and third anniversaries of the Effective Date, provided that Executive remains in the employ of the Corporation. The options shall be Incentive Stock Options within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), to the maximum extent permitted by the Code. The terms and conditions applicable to such grant shall be as set forth in the 2000 Option Plan and the standard Notice of Grant of Stock Options and the exhibits thereto used pursuant to the 2000 Option Plan.
GRANT OF ADDITIONAL OPTIONS. Prior to the Closing, Company shall issue, at the direction of Parent, nonstatutory options (which are not intended to qualify as incentive stock options under Section 422 of the Code) to the persons set forth on, and in such amounts and on the terms and conditions set forth in Schedule 6.8(e) hereto (such options shall be referred to as "Additional Company Options") to the extent permitted by state securities laws. Company shall make all filings and applications required under applicable federal securities laws and applicable state securities laws in connection with the issuance of the Additional Company Options. Company and Parent acknowledge that the Additional Company Options shall not constitute ISO's. Parent shall account for the issuance of the Additional Company Options in accordance with GAAP as deferred compensation amortizable over the vesting period of the Additional Company Options.
GRANT OF ADDITIONAL OPTIONS. The Company hereby grants Executive --------------------------- Officer additional options to acquire 150,000 shares of common stock of the Company. This grant is made pursuant to the Company's 1995 Employee Stock Option Plan, as amended. The exercise price shall be $2.125 per share. Concurrently with the exexcution and delivery of this Agreement, Executive Officer shall exercise all of the additional options and pay the exercise price in accordance with the payment provisions of Section 8 hereof. For purposes of this Agreement, the shares acquired upon the exercise of the additional options shall be included within the definition of "Shares". The options granted under this Section 2, together with the 102,300 options for which vesting is accelerated under Section 1, are referred to herein as the "UNVESTED OPTION SHARES".
GRANT OF ADDITIONAL OPTIONS. (a) Section 2 of the Option Agreement is hereby amended by adding a new sentence to the end thereof, which shall read as follows: "The Corporation hereby grants to the Executive an additional 25,000 Options, 50% of which shall be Tranche A Options, 25% of which shall be Tranche B Options and 25% of which shall be Tranche C Options (collectively, the "NEW OPTIONS")."
(b) The Option Agreement is hereby amended by amending the term "OPTION" each time it appears therein to mean the Existing Options and the New Options.
GRANT OF ADDITIONAL OPTIONS. Promptly after the Effective Time, Acquirer will grant stock options to purchase Acquirer Common Stock under Acquirer's stock option plan to those persons and in the quantities set forth on EXHIBIT 6.4 (the "ADDITIONAL OPTIONS"). All of the Additional Options will be subject to the terms and conditions of Acquirer's stock option plan. No shares subject to any Additional Option will vest until the holder thereof completes twelve (12) months of continuous employment at Acquirer, at which time one-quarter (1/4) of the shares subject to such Additional Option will vest, with 1/48th of the shares subject to such Additional Option to vest every month thereafter for so long as such holder is continuously employed at Acquirer.
GRANT OF ADDITIONAL OPTIONS. Target will issue unvested options to purchase at least 600,000 additional shares of Target Common Stock to existing employees on terms, including exercise price, mutually acceptable to HearMe and Target with a view to causing such issuances to be done without the incurrence of compensation expense, which options shall vest over a four year period, 25% on the first anniversary of the grant, and 1/48th per month thereafter.
GRANT OF ADDITIONAL OPTIONS. The Company shall also grant additional options to the Executive equal to 10.7% of options and warrants outstanding as of October 23,1997 listed in Exhibit A ("dilutive securities") that are exercised after October 23,1997. Such options shall be issued on the date such dilutive securities are issued and priced at the fair market value on the date of grant which shall be determined by the trailing ten (10) day average of the mean between the bid and the ask price of the Company's common stock. Such option is exercisable immediately upon issuance.
GRANT OF ADDITIONAL OPTIONS. Promptly following the Effective ---------------------------- Time, Acquiror shall grant incentive stock options to acquire a total of one hundred thousand (100,000) shares of Acquiror Common Stock to employees of Target as of the date hereof who accept offers of continuing employment with Acquiror following the Effective Time. The number of options granted to each qualifying employee shall be determined by Acquiror in its sole discretion. All such options shall be subject to standard vesting terms and other standard provisions applicable to employee stock options granted by Acquiror to its employees.
GRANT OF ADDITIONAL OPTIONS