Grant of Non-Qualified Stock Options. On July 3, 2008 (the “Grant Date”), the Company irrevocably granted to the Optionee, as a matter of separate agreement and not in lieu of salary or other compensation for services, the right and option to purchase all or any part of 300,000 shares of authorized but unissued or treasury common stock of the Company (the “Options”) on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”) and are not issued under any of the Company’s equity incentive plans. This Agreement replaces any stock option agreement or offer letter previously provided to the Optionee, if any, with respect to these Options.
Grant of Non-Qualified Stock Options. The Company irrevocably granted to the Optionee, as a matter of separate agreement and not in lieu of salary or other compensation for services, the right and option to purchase all or any part of [see Schedule A] shares of authorized but unissued or treasury common stock of the Company (the “Options”) on the terms and conditions herein set forth. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”). This Agreement replaces any stock option agreement previously provided to the Optionee, if any, with respect to these Options.
Grant of Non-Qualified Stock Options. The Company confirms the grant on ###GRANT_DATE###, (the “Grant Date”) to the Participant of the option to purchase from the Company all or any part of an aggregate of ###TOTAL_AWARDS### Shares (the “Options”), at the purchase price of ###GRANT_PRICE### per Share (the “Exercise Price”).
Grant of Non-Qualified Stock Options. On__________ (the “Grant Date”), the Company irrevocably granted to the Optionee not in lieu of salary or other compensation for services, the right and option to purchase all or any part of__________ shares of authorized but unissued or treasury common stock of the Company (the “Options”) on the terms and conditions herein set forth. This Agreement replaces any stock option agreement or offer letter previously provided to the Optionee, if any, with respect to these Options. The Optionee acknowledges receipt of a copy of the Plan, as amended.
Grant of Non-Qualified Stock Options. The Company irrevocably granted to the Optionee, as a matter of separate agreement and not in lieu of salary or other compensation for services, the right and option to purchase all or any part of 1,500,000 shares of authorized but unissued or treasury common stock of the Company (the “Options”) on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”) and are not issued under any of the Company’s equity incentive plans. This Agreement replaces any stock option agreement or offer letter previously provided to the Optionee, if any, with respect to these Options. The Options were granted in connection with the Optionee’s continued service as an employee of the Company (the “Services”).
Grant of Non-Qualified Stock Options. On the date of this Agreement, the Company irrevocably granted to the Optionee not in lieu of salary or other compensation for services, the right and option to purchase all or any part of 100,000,000 shares of authorized but unissued or treasury common stock of the Company (the “Options”) on the terms and conditions herein set forth. This Agreement replaces any stock option agreement previously provided to the Optionee, if any, with respect to these Options.
Grant of Non-Qualified Stock Options. (a) The Company grants to the Optionee, as additional compensation for his services to the Company, an option (the “Option”) to purchase up to an aggregate of 125,000,000 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), of which the right to purchase 75,000,000 shares of Common Stock is subject to vesting upon the achievement of the net revenue milestones set forth in Section 2(a) hereof (the “Net Revenue Portion of the Option”) and the right to purchase 50,000,000 shares of Common Stock is subject to vesting upon the achievement of the exchange listing of the Company’s Common Stock as set forth in Section 2(b) hereof (the “Exchange Listing Portion of the Option”). The Option is not intended to be an Incentive Stock Option as defined by Section 422 of the Internal Revenue Code of 1986, as amended.
(b) The Optionee acknowledges his understanding that the continuation of his employment with the Company and the devotion of substantially all of his time and effort to the business of the Company was a material consideration in the determination by the Board of Directors to grant the Optionee the Option. In consideration of the grant of the Option by the Company, the Optionee agrees to render faithful and efficient services to the Company, including its subsidiaries. Nothing in this Agreement shall confer upon the Optionee any right to continue in the employ or service of the Company or shall interfere with or restrict in any way the rights of the Company, which rights are hereby expressly reserved, to discharge or terminate the services of the Optionee at any time for any reason whatsoever, except to the extent expressly provided otherwise in a written agreement between the Company and the Optionee.
Grant of Non-Qualified Stock Options. As a further inducement to Executive to enter into this Agreement, the Company hereby ratifies the original grant to Executive of Options to purchase 150,000 shares of Common Stock of the Company, as contained in Paragraph 5 of the Employment Agreement, which is incorporated by reference herein.
Grant of Non-Qualified Stock Options. (a) Subject to the terms and conditions herein and to the provisions of the Plan, the provisions of which are incorporated herein by reference, Company hereby grants to Optionee the right and option to purchase from Company up to _____ shares of the Company's Common Stock ("Stock"), par value $.01 per share, at a price of $______ per share.
(c) This option is not exercisable after the tenth (10th ) anniversary of the date on which this option was granted to Optionee, which was August 1, 1997 (the "Grant Date").
(d) The options granted hereunder shall vest, and become exercisable, in accordance with the following schedule: Percentage Vested Period After Grant Date ----------------- ----------------------- 20% Immediately 40% After 1 year 60% After 2 years 80% After 3 years 100% After 4 years For purposes of applying the foregoing vesting schedule, the percentages shall be applied to the total number of shares with respect to which this Option has been granted, as set forth in subsection (a) above.
(e) Optionee, from time to time during the period when the option may be exercised hereunder, may so exercise the option in whole or in part, in accordance with the terms and conditions hereof, by delivering to Company, Attention: Options Committee.
(i) a written notice signed by Optionee stating the number of shares of Stock that Optionee has elected to purchase at any time, which number must be an integral multiple of five (5), unless the number equals the total number of shares then available to be purchased hereunder; and
(ii) Optionee's certified or cashier's check in an amount equal to the option price of the shares of Stock then to be purchased.
Grant of Non-Qualified Stock Options. (a) The Company irrevocably grants to the Employee, as a matter of separate agreement and not in lieu of salary or other compensation for services, the right and option (the "Options") to purchase all or any part of an aggregate of ____________ shares of authorized but unissued or treasury common stock of the Company (the "Shares") on the terms and conditions herein set forth. The Shares shall be unregistered unless the Company voluntarily files a registration statement covering such Shares with the Securities and Exchange Commission.
(b) The Options are not intended to qualify as Incentive Stock Options within the meaning of the Plan or Section 422 of the Internal Revenue Code of 1986 (the "Code").
(c) This Agreement shall be construed in accordance and consistent with, and subject to, the provisions of the Plan (the provisions of which are incorporated herein by reference); provided, however, in the event of any conflict between the terms of this Agreement and the Plan, the terms of this Agreement shall govern.
