Grant of Performance Option Sample Clauses

Grant of Performance Option. The Company agrees to grant, as of the Effective Date, options to acquire 1,000,000 shares of the Company’s common stock for a strike price equal to $0.70 per share (as equitably adjusted for reverse splits, forward splits and recapitalizations) (the “Performance Options”) as an incentive to attain certain revenue objectives as set forth in clause (2) hereof.
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Grant of Performance Option. 1.1. MTII hereby grants to you an option to purchase 12,678 shares of common stock of MTII, at a purchase price of USD 397.95 per share (the "Performance Option").
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Grant of Performance Option. The Company agrees to grant, as of the Effective Date, options to acquire 15% (2,993,985 shares) of the Company’s common stock (calculated on a fully diluted basis as of the Effective Date) for a strike price equal to per share common stock price of the Next Equity Financing (the “Performance Options”) as an incentive to attain certain revenue objectives as set forth in clause (2) hereof. The number of Performance Options was calculated based upon the issued and outstanding common shares of the Company as of the Effective Date (i.e., 17,115,954 common shares), the number of granted and unexercised outstanding employee stock options (approximately 1,524,557 options), and the granted and unexercised warrants to acquire common stock (approximately 1,316,389 warrants).
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Grant of Performance Option. Pursuant to Section 6(h) of the Plan, the Company hereby grants to the Grantee an Award of up to an aggregate of __________ Performance Options (the “Target Award”), subject to increase of up to a total of ________________ Performance Options (the “Max Options”) as described on Exhibit A-2 attached hereto. Each Performance Options (“PO”) represents the right to receive one Option to purchase one share of Company’s Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. The number of POs that the Grantee actually earns for a Performance Period (up to a maximum of _________ Options) will be determined by the level of achievement of the Performance Goals in accordance with Exhibit A-1 attached hereto.
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Grant of Performance Option 
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Related to Grant of Performance Option

  • Performance Options “Performance Option(s)” shall mean the portion of the Option designated as Performance Options in the Grant Notice.

  • Performance Option If the Company, on a consolidated basis, achieves its annual EBITDA targets as set forth in Schedule A attached hereto (each an “EBITDA Target” or “Annual Performance Target”) for the applicable given Fiscal Year, then the Performance Option shall be eligible to become vested and exercisable as to a percentage of the Shares subject to such Option at the end of each of the six Fiscal Years as follows:

  • Grant of Performance Units Capital One hereby grants to you an award of Units with a Target Award, as indicated on the Grant Notice. The maximum payout for this award is 150% of the Target Award plus accrued dividends pursuant to Section 6. The Units shall vest and the underlying shares of common stock of Capital One, $.01 par value per share (such underlying shares, the “Shares”), shall be issuable only in accordance with the provisions of this Agreement and the Plan.

  • Grant of Performance Shares Pursuant to the provisions of the Plan and this Agreement, the Company on the Grant Date has granted and hereby evidences the grant to the Participant, subject to the terms and conditions set forth herein, in the Plan and the Addendum with Additional Country Specific Terms and Conditions attached as Exhibit A, all of which are made part of this Agreement, an award of <shares_awarded> Performance Shares (this “Award”).

  • Grant of Performance Stock Units Subject to the terms of this Agreement, and the Incentive Plan, effective as of the Grant Date the Participant is hereby granted [Number] Performance Stock Units (the “Target Performance Units”). This Award contains the right to dividend equivalents (“Dividend Equivalents”) with respect to Earned Performance Units (as defined in Section 3(a)) as described in Section 4. Each Performance Stock Unit awarded hereunder shall become earned and vested as described in Section 3 and each Earned Performance Unit (and associated Earned Dividend Equivalents thereon as described in Section 4) shall be settled in accordance with Section 5.

  • Grant of Performance Share Units The Company hereby grants to the Participant the Target Number of PSUs Granted, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each PSU represents the unsecured right to receive a number of Shares, if any, in accordance with the terms and conditions of this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares, if any, upon settlement of the PSUs.

  • Payment of Performance Shares Payment of any Performance Shares that become earned as set forth herein will be made in the form of Common Shares, in cash, or in a combination of the two, as determined in the sole discretion of the Committee. Payment will be made as soon as practicable after the receipt of audited financial statements of the Corporation relating to the last fiscal year of the Performance Period and with respect to Covered Employees, the determination by the Committee of the level of attainment of the Management Objectives. Performance Shares will be forfeited if they are not earned at the end of the Performance Period and, except as otherwise provided in this Agreement, if the Grantee ceases to be employed by the Corporation or a Subsidiary at any time prior to such shares becoming earned.

  • Vesting of Performance Shares As long as you remain employed with PG&E Corporation, the Performance Shares will vest on the first business day of March (the “Vesting Date”) of the third year following the date of grant specified in the cover sheet. Except as described below, all Performance Shares subject to this Agreement that have not vested shall be forfeited upon termination of your employment.

  • Award of Performance Stock Units The Company hereby grants to you, effective as of the Grant Date, an Award of Performance Stock Units for that number of Performance Stock Units communicated to you and set forth in the Company’s records (the “PSUs”), on the terms and conditions set forth in such communication, this Agreement and the Plan. Each PSU represents the right to receive one share of Stock, subject to the terms and conditions set forth herein.

  • Award of Performance Shares Subject to all terms and conditions of the Plan and this Agreement, the Company has awarded to the Employee on the date indicated on the Award Summary the number of Performance Shares (individually, the “PS”) as shown on the Award Summary. Notwithstanding anything herein to the contrary, only active Employees and those Employees on Short Term Disability Leave, Social Service Leave, Family Medical Leave or Paid Uniform Services Leave (pursuant to the Company’s Human Resources Policies) on the effective date of the award as shown on the Award Summary shall be eligible to receive the award.

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