GRANT OF ADDITIONAL OPTIONS Sample Clauses

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.
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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.
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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 20,000 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.
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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".
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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.
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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.
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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.
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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.
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GRANT OF ADDITIONAL OPTIONS 
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Related to GRANT OF ADDITIONAL OPTIONS

  • Additional Options The NYS Contract Price for Additional Options offered under the Contract in accordance with Section III.2.7 Additional Options, shall be the Additional Options NYS Discount listed on the Contract Pricelist, or higher, applied to the MSRP on the current OEM Data Book or Contractor-Published Pricelist, as applicable. See Section III.1.2

  • Grant of Options Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Company hereby grants to the Participant a NON-QUALIFIED STOCK OPTION (the “Option”) with respect to ___________ shares of Common Stock of the Company.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • Stock Option Grants Pursuant to the following terms and conditions, the Executive shall be eligible to participate in Holdings’ stock option plan and Holdings agrees as follows: i. Holdings shall establish a stock option plan (“Stock Option Plan”) providing for grants of options (the “Stock Options”) to purchase the common stock of BD Investment Holdings Inc., par value $0.01 (the “Buyer Common Stock”) in amounts not less than (i) 2% of the Buyer Common Stock (on a fully-diluted post-exercise basis) in the aggregate per year for all executives, employees and financial advisors of the Company and its subsidiaries, including the Executive selected by the Board after consultation with, and based on the recommendation of, the CEO, for the calendar years beginning on January 1, 2008 and January 1, 2009 and (ii) 2.5% of the Buyer Common Stock (on a fully-diluted post-exercise basis) in the aggregate per year for all executives, employees and financial advisors of the Company and its subsidiaries, including the Executive, selected by the Board after consultation with, and based on the recommendation of, the CEO, for the calendar years beginning on January 1, 2010 and January 1, 2011. ii. Beginning in January 2008, each annual Stock Option grant shall be made between the first and fifteenth business day of the year, unless the CEO, in his sole discretion, shall agree with the Board to a later date during such year (the “Default Date”). If the Board does not approve Stock Option grants in the amounts set forth in Section 4(c)(i) by the Default Date, then Stock Options in such amounts shall be granted pro-rata to existing option holders and employee stockholders as of such date of grant, except that the CEO’s share of such Stock Option grants shall be reduced by 75% and the other four most highly compensated executives’ share of such Stock Option grants shall be reduced by 50%. iii. The per share exercise price of each Stock Option shall be equal to the Fair Market Value of a share of Buyer Common Stock on the date of grant. Each Stock Option granted shall vest in five equal tranches on each of the first five anniversaries of the date of grant subject to the option holder’s continued employment as of each such vesting date; provided, however, that all Stock Options shall automatically vest in full upon a “change in control” (as defined in the Option Plan, it being understood that an IPO shall in no event constitute a change in control). Notwithstanding any provision of this Agreement to the contrary, following an IPO, no additional Stock Options shall be granted pursuant to the Stock Option Plan. iv. Upon termination of his employment, the portion of any Stock Option granted to the Executive which has not yet vested shall terminate. In the event the Executive’s employment terminates for any reason other than for Cause, the Executive may exercise any vested portion of any Stock Option held by him on the date of termination provided that he does so prior to the earlier of (A) ninety (90) days following termination of employment and (B) the expiration of the scheduled term of the Stock Option. Notwithstanding the foregoing, if the Executive’s employment is terminated due to death or disability (as defined in Section 5(b)), then the Executive or, as applicable in the event of death, his beneficiary or estate, may exercise any vested portion of any Stock Option held by the Executive on the date employment terminates for the shorter of (A) the period of twelve (12) months following the termination date and, (B) with respect to each Stock Option individually, the expiration of the scheduled term of such Stock Option. Upon a termination of the Executive’s employment by the Company for Cause, all Stock Options shall be forfeited immediately. v. Holdings, the Company and the Executive agree to cooperate to structure the Stock Option Plan so as to minimize or avoid additional taxes and interest that would otherwise be imposed on the Executive with respect to options granted under the Stock Option Plan pursuant to Section 409A of the Internal Revenue Code as amended (the “Code”); provided, however, that the Company shall have no obligation to grant the Executive a “gross-up” or other “make-whole” compensation for such purpose.

  • Grant of Stock Option The Company hereby grants the Optionee an Option to purchase shares of Common Stock, subject to the following terms and conditions and subject to the provisions of the Plan. The Plan is hereby incorporated herein by reference as though set forth herein in its entirety. The Option is not intended to be and shall not be qualified as an “incentive stock option” under Section 422 of the Code.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Grant of Option The Corporation hereby grants to Optionee, as of the Grant Date, an option to purchase up to the number of Option Shares specified in the Grant Notice. The Option Shares shall be purchasable from time to time during the option term specified in Paragraph 2 at the Exercise Price.

  • Grant of PSUs For valuable consideration, receipt of which is hereby acknowledged, Hovnanian Enterprises, Inc., a Delaware Corporation (the "Company"), hereby grants the target number (“Target Number”) of performance share units ("PSUs") listed above to the Participant, on the terms and conditions hereinafter set forth. This grant is made pursuant to the terms and conditions of the 2020 Company Second Amended and Restated Stock Incentive Plan (the "Plan"), which Plan, as amended from time to time, is incorporated herein by reference and made a part of this Agreement. The actual number of PSUs, if any, that the Participant will be eligible to earn with respect to this Agreement (the “Earned PSUs”), subject to meeting the applicable service and performance vesting requirements, will equal the Target Number multiplied by the applicable “Performance Multiplier” as defined in Exhibit A hereto. Each Earned PSU represents the unfunded, unsecured right of the Participant to receive a Share on the date(s) specified herein. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan.

  • Manner of Exercising Option (a) In order to exercise this option with respect to all or any part of the Option Shares for which this option is at the time exercisable, Optionee (or any other person or persons exercising the option) must take the following actions: (i) To the extent the option is exercised for vested Option Shares, execute and deliver to the Corporation a Notice of Exercise for the Option Shares for which the option is exercised. To the extent this option is exercised for unvested Option Shares, execute and deliver to the Corporation a Purchase Agreement for those unvested Option Shares. (ii) Pay the aggregate Exercise Price for the purchased shares in one or more of the following forms: (A) cash or check made payable to the Corporation, (B) shares of Common Stock held by Optionee (or any other person or persons exercising the option) for the requisite period necessary to avoid a charge to the Corporation's earnings for financial reporting purposes and valued at Fair Market Value on the Exercise Date, or (C) to the extent the option is exercised for vested Option Shares, through a special sale and remittance procedure pursuant to which Optionee (or any other person or persons exercising the option) shall concurrently provide irrevocable instructions (I) to a Corporation-designated brokerage firm to effect the immediate sale of the purchased shares and remit to the Corporation, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate Exercise Price payable for the purchased shares plus all applicable Federal, state and local income and employment taxes required to be withheld by the Corporation by reason of such exercise and (II) to the Corporation to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale. (iii) Furnish to the Corporation appropriate documentation that the person or persons exercising the option (if other than Optionee) have the right to exercise this option. (b) Except to the extent the sale and remittance procedure is utilized in connection with the option exercise, payment of the Exercise Price must accompany the Notice of Exercise (or the Purchase Agreement) delivered to the Corporation in connection with the option exercise. (c) As soon after the Exercise Date as practical, the Corporation shall issue to or on behalf of Optionee (or any other person or persons exercising this option) a certificate for the purchased Option Shares, with the appropriate legends affixed thereto. To the extent any such Option Shares are unvested, the certificates for those Option Shares shall be endorsed with an appropriate legend evidencing the Corporation's repurchase rights and may be held in escrow with the Corporation until such shares vest. (d) In no event may this option be exercised for any fractional shares.

  • Commencement of Exercisability (a) Subject to Sections 3.1(b), 3.1(c) and 3.3, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice. (b) No portion of the Option which has not become vested and exercisable at the date of the Participant’s Termination of Services shall thereafter become vested and exercisable, except as may be otherwise provided by the Administrator or as set forth in a written agreement between the Company and the Participant. [

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