Grant of Options; Vesting Sample Clauses

Grant of Options; Vesting. The Company hereby grants to Optionee ------------------------- options (the "Options") to purchase all or any part of an aggregate amount of ____________________ (________) shares of the Common Stock of the Company at a price of $____________ per share, on the terms and conditions hereinafter set forth. One half (1/2) of the Options vest immediately upon the date hereof, subject to any other restrictions on exercise set forth in this Agreement. The remaining one half (1/2) of the Options shall vest and become exercisable on that date which is six (6) months after the Date of Grant, provided that the opitionee serves continually as a Director of the Company between the Date of Grant and that date which is six (6) months after the Date of Grant, and subject to any other restrictions on exercise set forth in this Agreement.
Sample 1
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Grant of Options; Vesting. Upon execution of this Agreement, the ------------------------- Company shall grant to the Executive non-qualified stock options (the "Options") to purchase 280,000 shares of the Common Stock. The Options shall vest and become exercisable with respect to 8 1/3% of the number of shares of Common Stock subject thereto quarterly on the first day of each quarter thereafter, such that all of the Options have vested and are exercisable on or before the third anniversary of this Agreement. The Options shall expire on the tenth anniversary of the date of their grant. The exercise price per share for the Options shall be the quoted closing price per share for the Common Stock on the New York Stock Exchange on the business day immediately preceding the date of this Agreement. Vested Options shall not terminate or otherwise be affected by the termination, for any reason, of the Executive's employment under this Agreement.
Sample 1
Grant of Options; Vesting. The Optionee is hereby granted, as of the above date (the "Grant Date"), options to purchase _________shares of Common Stock of the Company, which shall vest and become exercisable upon the Optionee serving as a Director of the Company until____________, subject to the Special Committee's approval of the Optionee's performance. The options to purchase Common Stock granted hereby are termed "Options" in this Agreement. The Special Committee shall be made up of President and CEO, Chairman of the Board and a representative of Compensation Committee. The shares of Common Stock issued upon exercise of any of the Options are called "Option Shares" in this Agreement.
Sample 1

Related to Grant of Options; Vesting

  • Grant of Options The Company hereby grants Optionee the right and option ("Option") to purchase the above described Twenty Million (20,000,000) shares of Common Stock, on the terms and conditions set forth herein and subject to the provisions of the Form S-8 registration statement in exchange for services provided by Employee to the Company, the options shall vest immediately upon the exercise hereof.

  • Vesting of Options The Option shall vest (become exercisable) in accordance with the vesting schedule shown on page 1 of this Award Agreement. Notwithstanding the vesting schedule on page 1, the Option will also vest and become exercisable:

  • Stock Option Vesting The provisions of this Section 2.2(d) shall apply to any equity based awards under the Omnibus Plan, the defined terms of which are incorporated in this Section 2.2(d) by reference.

  • 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.

  • Vesting of Option The Option shall be 100% vested upon the date of grant.

  • Option Vesting Options shall vest as follows:

  • Grant of Option; Conditions Tenant shall have the right (the “Extension Option”) to extend the Term for one (1) additional period of five (5) years beginning on the day immediately following the expiration date of the Lease and ending on the fifth anniversary of such expiration date (the “Extension Term”), if:

  • Vesting and Exercisability of Option The Option shall vest, and may be exercised, with respect to the Shares as set forth in the Optionee Statement attached hereto and made a part hereof, subject to earlier termination of the Option as provided in Sections 1.4 and 6 hereof or in the Plan. The right to purchase the Shares as they become vested shall be cumulative and shall continue during the Exercise Term unless sooner terminated as provided herein.

  • Grant of Restricted Stock Award The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

  • Grant of Restricted Stock Units The Corporation hereby awards to Participant, as of the Award Date, restricted stock units under the Plan. The number of shares of Common Stock underlying the awarded restricted stock units and the applicable service vesting requirements for those units and the underlying Shares are set forth in the Award Notice. The remaining terms and conditions governing the Award shall be as set forth in this Agreement.

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