Common use of Grant of Option; Certain Terms and Conditions Clause in Contracts

Grant of Option; Certain Terms and Conditions. The Company hereby grants to Optionee, and Optionee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). On each of the first, second, third, fourth and fifth anniversaries of , 2005 (each a "Vesting Date"), the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Optionee: Date of Grant: , 2005 Number of shares purchasable: Exercise Price per share: $1,000.00 Expiration Date: , 2015 Vesting Rate: 20% The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Non Qualified Option Agreement (Aircraft Braking Services, Inc.)

AutoNDA by SimpleDocs

Grant of Option; Certain Terms and Conditions. The Company hereby grants to Optionee, and Optionee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). On each of the first, second, third, fourth and fifth anniversaries of , 2005 (each a "Vesting Date"), the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Optionee: Date of Grant: , 2005 Number of shares purchasable: Exercise Price per share: $1,000.00 Expiration Date: , 2015 Vesting Rate: 20% The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Plan Management Incentive Option Agreement (Aircraft Braking Services, Inc.)

Grant of Option; Certain Terms and Conditions. The Company hereby grants to Optionee, and Optionee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock o’clock p.m., California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). On each of the first, second, third, fourth and fifth anniversaries of , 2005 (each a "Vesting Date"), the Date of Grant set forth below the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Optionee: Date of Grant: , 2005 Number of shares purchasable: Exercise Price per share: $1,000.00 $ Expiration Date: , 2015 Vesting Rate: 20% per year on a cumulative basis The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue CodeCode (an “Incentive Stock Option”).

Appears in 1 contract

Samples: Management Non Qualified Option Agreement (Douglas Dynamics, Inc)

Grant of Option; Certain Terms and Conditions. The Company hereby grants to Optionee, and Optionee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock o’clock p.m., California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). On Subject to the Optionee’s continuous employment by the Company through each such date, on each of the first, second, third, fourth and fifth anniversaries of , 2005 (each a "Vesting Date")[the Date of Grant], the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Optionee: Date of Grant: , 2005 ,20 Number of shares purchasable: Exercise Price per share: $1,000.00 $ Expiration Date: , 2015 ,20 Vesting Rate: 20% The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Management Non Qualified Option Agreement (Nuco2 Inc /Fl)

AutoNDA by SimpleDocs

Grant of Option; Certain Terms and Conditions. The Company hereby grants to Optionee, and Optionee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock o’clock p.m., California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). On Subject to the Optionee’s continuous employment by the Company through each such date, on each of the first, second, third, fourth and fifth anniversaries of , 2005 (each a "Vesting Date")[the Date of Grant], the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Optionee: Date of Grant: , 2005 20 Number of shares purchasable: Exercise Price per share: $1,000.00 $ Expiration Date: , 2015 20 Vesting Rate: 2020 % The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Stock Incentive Plan (Nuco2 Inc /Fl)

Grant of Option; Certain Terms and Conditions. The Company hereby grants to Optionee, and Optionee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock o’clock p.m., California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). On each of the first, second, third, fourth and fifth anniversaries of , 2005 (each a "Vesting Date")the Date of Grant set forth below, the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Optionee: Date of Grant: , 2005 Number of shares purchasable: Exercise Price per share: $1,000.00 $ Expiration Date: , 2015 Vesting Rate: 20% per year on a cumulative basis The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue CodeCode (an “Incentive Stock Option”).

Appears in 1 contract

Samples: Management Incentive Option Agreement (Douglas Dynamics, Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.