Grant of Incentive Option. Subject to the provisions of this Agreement, and, in particular, the vesting provisions set forth in Section 4 hereof, the Company hereby grants to Optionee the option to purchase shares of the Common Stock of the Company at a price of $ per share (the “Option”), during a period commencing on the Effective Date and terminating on the first to occur of (i) the expiration of seven years from the date of this Agreement or (ii) when the employment of Optionee by the Company or any of its Affiliates terminates for any reason; provided, however, that if said employment terminates less than seven years from the date hereof other than by reason of death or disability, then Optionee may exercise this Option, to the extent he was entitled to do so at the date of termination of employment, at any time within three months after such termination but not after the expiration of the seven-year period; provided further that if said employment terminates less than seven years from the date hereof by reason of Optionee’s becoming permanently and totally disabled (within the meaning of Section 22(e)(3) of the Code), then Optionee (or Optionee’s legal representative, if Optionee is legally incompetent) may exercise this Option, to the extent he was entitled to do so at the date of such termination, at any time within one year after such termination but not after the expiration of the seven-year period; and provided further that if said employment terminates less than seven years from the date hereof by reason of Optionee’s death, then the executor or administrator of Optionee’s estate or anyone who shall have acquired this Option by will or pursuant to the laws of descent and distribution may exercise this Option, to the extent Optionee was entitled to do so on the date of his death, at any time within one year after such death but not after the expiration of the seven-year period. Anything to the contrary herein notwithstanding, the Option granted hereunder shall terminate immediately upon the termination of Optionee’s employment with the Company or an Affiliate on account of fraud, dishonesty or the performance of other acts detrimental to the Company or an Affiliate, as determined by the Board in its sole discretion, or for “cause” as defined in any employment agreement that may exist between Optionee and the Company or an Affiliate, as determined by the Board in its sole discretion. A transfer of employment without interruption of service between or among the Company and ...
Grant of Incentive Option. The Company hereby grants to Optionee the right, privilege and option (“Incentive Option,” and together with the Initial Option, the “Options”) to purchase 2,500,000 shares of the Common Stock at an exercise price equal to $0.05 per share, the fair market price of the Company’s common stock on the Effective Date. The Incentive Option shall expire on the fifth anniversary of the Effective Date.
Grant of Incentive Option. By this Paragraph, the Employer agrees that three (3) months after the Employer's stock price achieves the following levels, it will grant to the Employee an option (the "Option") to purchase the following Common Shares: 50,000 shares after achieving a stock price of $4 per share; 50,000 shares after achieving a stock price of $6 per share; and 50,000 shares after achieving a stock price of $8 per share. Such Options shall vest immediately upon grant and may be exercised in whole or in part at an exercise price of Two Dollars ($2.00) per share at any time within five (5) years from date of grant.
Grant of Incentive Option. The Company grants to the Employee the right and option to purchase all or any part of an aggregate of shares of the Common Stock (such number being subject to adjustment as provided in Section 15) pursuant to the terms and conditions set forth herein (the "Incentive Option").
Grant of Incentive Option. The Company hereby grants to Xxxxxxxx as a matter of separate agreement and not in lieu of salary, or any other compensation for services provided by Xxxxxxxx in his position as Chief Financial Officer, the right and option (the "Incentive Option") to purchase all or any part of an aggregate of 40,000 shares of common stock of the Company (the "Option Shares"), on the terms and conditions and subject to all the limitations set forth herein, of which Option Shares shall be exercisable and shall vest as of the date hereof. All Option Shares, when issued and delivered in accordance with the terms of this Agreement, shall be fully paid and non-assessable, and the certificate or certificates representing such Option Shares shall so state.
Grant of Incentive Option. Pursuant to the Plan, the Partnership hereby grants to the Optionee as of the date of this Option Agreement an Incentive Option to purchase any one or more of an aggregate of _____________ (_________) Units of Partnership Interest, subject to adjustment in accordance with Section 4.3 of the Plan. The Incentive Option will vest in accordance with the schedule attached hereto as Exhibit A.
Grant of Incentive Option. The Corporation hereby grants to the Employee the right and option to purchase all or any part of an aggregate of ( ) Shares on the terms and conditions and subject to and with the benefit of all the limitations set forth herein and in the Plan, which is incorporated herein by reference. The Employee acknowledges receipt of a copy of the Plan. The Incentive Option granted hereunder is intended to qualify within the meaning of Section 422 of the Internal Revenue Code as an incentive option.
Grant of Incentive Option. SmartFinancial, Inc. (the “Company”) hereby grants to the Optionee named above (the “Optionee”), under its 2015 Stock Incentive Plan (the “Plan”), an incentive stock option (the “Option”) to purchase, on the terms and conditions set forth in this agreement (the “Option Agreement”), the number of shares set forth above (the “Shares”) of its common stock (the “Common Stock”) of the par value of $1.00 each, at the price per share set forth above. The grant of the Option is made in consideration of the services to be rendered by the Optionee to the Company and is subject to the terms and conditions of the Plan. Capitalized terms used but not defined herein will have the meaning ascribed to them in the Plan.
Grant of Incentive Option. The Company hereby grants to the Optionee ------------------------- the right and option to purchase, in accordance with the terms and conditions of the Plan and this Agreement, an aggregate of 175,000 shares of Common Stock at the price of $2.81 per share (the "Price"), exercisable from time to time, prior to the close of business on November 3, 2006 (the "Expiration Date"). The Option is intended to constitute an incentive stock option within the meaning of Section 422A of the Internal Revenue code of 1986, as amended (the "Code").
Grant of Incentive Option. Subject to the terms and conditions set forth in the Plan and this Option Agreement, the Company grants to the Optionee an Option to purchase from the Company during the period ending _____ years [no more than 10 years] from the date of this Option Agreement __________ Shares at an Exercise Price of $_____ per share, subject to adjustment, if any, as provided in the Plan. The Options granted under this Option Agreement shall become exercisable according to the following schedule: Shares Exercisable Date Exercisable Notwithstanding the above, all Options shall become fully Vested and exercisable immediately upon the occurrence of a Change in Control, as described in Section 2(g) of the Plan, so long as the Optionee is still employed on the date of such Assumption Event. In addition, the number of Option Shares exercisable that shall qualify as Incentive Options shall be reduced to the extent necessary so that the sum of:
