GRANTING OF STOCK OPTIONS Sample Clauses

GRANTING OF STOCK OPTIONS. As an additional inducement to Employee to enter into this Agreement with Employer and to render his services to Employer under a long-term basis and as additional compensation to him for services to be rendered under the provisions of this Agreement, Employer has agreed to grant to Employee certain stock options to acquire Employer’s Common Stock on or before June 1, 1999. The stock options have been granted by Employer to Employee pursuant to that certain Gulfport Energy Corporation Stock Option Plan (“Plan”) to be enacted by Employer. In order to evidence these stock options, the Employer has also prepared and will execute and enter into with Employee, contemporaneously with this Agreement, that certain Gulfport Energy Corporation Stock Option Agreement (“Stock Option Agreement”), which will set forth the terms and conditions of the successive stock options to be granted to Employee by Employer in accordance herewith and the manner and method of exercising such options and acquiring such stock by Employee. Attached as Exhibit “A” to this Agreement, and by this reference made a part hereof, is an executed copy of the Stock Option Agreement entered into by and between Employer and Employee this same date in fulfillment of the contractual obligations of Employer.
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GRANTING OF STOCK OPTIONS. (a) Only key Employees shall be eligible to receive Stock Options under the Plan. Directors of the Company who are not also Employees shall not be eligible for Stock Options. (b) The purchase price of each share of Stock subject to an Incentive Stock Option shall be at least 100% of the Fair Market Value of a share of the Stock on the Granting Date. (c) The purchase price of each share of Stock subject to a Nonqualified Stock Option shall be 100% of the Fair Market Value of a share of the Stock on the Granting Date, or such other price either greater than or less than the Fair Market Value (but in no event less than the par value of the Stock) as the Committee shall determine appropriate to the purposes of the Plan and to the Company's total compensation program. (d) The Committee shall determine and designate from time to time those key Employees who are to be granted Stock Options and whether the particular Stock Options are to be Incentive Stock Options or Nonqualified Stock Options, and shall also specify the number of shares covered by and the exercise price per share of each Stock Option. (e) The aggregate fair market value (determined at the time the option is granted) of the Stock with respect to which Incentive Stock Options are exercisable for the first time by any individual during any calendar year (under all such plans of the individual's employer corporation and its parent and subsidiary corporations) shall not exceed $100,000. (f) A Stock Option shall be exercisable during such period or periods and in such installments as shall be fixed by the Committee at the time the option is granted or in any amendment thereto; but each Stock Option shall expire not later than ten years from the Granting Date. (g) The Committee shall have the authority to grant both transferable Stock Options and nontransferable Stock Options, and to amend outstanding nontransferable Stock Options to provide for transferability. Each nontransferable Stock Option shall provide by its terms that it is not transferable otherwise than by will or the laws of descent and distribution and is exercisable, during the Grantee's lifetime, only by the Grantee. Each transferable Stock Option may provide for such limitations on transferability and exercisability as the Committee may designate at the time a Stock Option is granted or is otherwise amended to provide for transferability. Subject to the foregoing, a permitted transferee shall be entitled to exercise a Stock Option at suc...
Sample 1
GRANTING OF STOCK OPTIONS. (a) Subject to the terms and -------------------------- conditions of the CGX 1998 Employee Equity Plan (the "Plan") (a copy of which Plan shall be provided to Employee) and to the vesting requirements, forfeiture provisions and other terms and conditions set forth on the form of Incentive Stock Option Certificate, the form of which is attached hereto, and as an inducement to entering into this Agreement, Employer hereby grants to Employee stock options equal to 40,000 shares at the option price and on the vesting schedule specified on the attached form of Incentive Stock Option Certificate ("Incentive Stock Options"). Such Incentive Stock Options shall be in addition to and separate from all other stock options previously granted to Employee under the Plan. (b) Notwithstanding the vesting schedule set forth on the Incentive Stock Option Certificate for options granted pursuant to subparagraph 4(a) above, but otherwise subject to the terms and conditions of the CGX 1998 Employee Equity Plan and to the forfeiture provisions and other terms and conditions set forth on the such Incentive Stock Option Certificate, if, prior to any of the vesting dates set forth in such Incentive Stock Option Certificate, a merger, acquisition, or a sale of substantially all of Employer's assets occurs that results in a change of ownership control of Employer from current majority ownership control and the removal of any two of the following three members of current management, Xxxxxxx X. Xxxxx, XX, Xxxxxxx X. Xxxxxxxx XX, and Xxxxx Xxxxxxxx, then the vesting of all of Employee's Incentive Stock Options and all other stock options granted to Employee under the Plan shall immediately accelerate and become exerciseable as of one day prior to the effective date of such merger, acquisition, or sale. (c) Notwithstanding the vesting schedule set forth on the Incentive Stock Option Certificate for options granted pursuant to subparagraph 4(a) above, but otherwise subject to the terms and conditions of the CGX 1998 Employee Equity Plan and to the forfeiture provisions and other terms and conditions set forth on the such Incentive Stock Option Certificate, if Employee's employment ceases, except for a termination for "good cause" as provided in Article 5, on a date two years or later after the date of this Agreement but prior to the final vesting date provided for in such Incentive Stock Option Certificate, then either (i) if such cessation of employment occurs on a date at least two ye...
Sample 1
GRANTING OF STOCK OPTIONS. Because we feel that a key manager of ------------------------- any business should have an owner's interest in the success of that business, which is best measured by the long term increases in the value of that business, in consideration of future services to be rendered to the Company by you, the Company will enter into an agreement with you as of the date hereof with respect to granting you options to acquire 250,000 shares of the Company's Common Stock, subject to the following essential terms and conditions: The options will vest and be exercisable as follows:
Sample 1
GRANTING OF STOCK OPTIONS. As an additional inducement to Norton to enter into this Amended Agreement with LFC and Bank and to render his services to LFC and Bank upon a long-term basis and as additional compensation to him for services to be rendered under the provisions of this Amended Agreement, LFC, has granted to Norton certain stock options to acquire LFC's Common Stock. The stock options have been granted by LFC to Norton pursuant to that certain Local Financial Corporation 1998 Stock Option Plan ("Plan"). In order to evidence these stock options, LFC has executed and entered into with Norton that certain 1998 Non-Qualified Stock Option Agreement dated effective as of September 23, 1998 ("Stock Option Agreement"), which sets forth the terms and conditions of the stock options granted to Norton by LFC in accordance herewith and the manner and method of exercising such options and acquiring such stock by Norton. Attached as Exhibit "A" to this Amended Agreement, and by this reference made a part hereof, is an executed copy of the Stock Option Agreement.
Sample 1
GRANTING OF STOCK OPTIONS. As an additional inducement to Townxxxx xx enter into this Amended Agreement with LFC and Bank and to render his services to LFC and Bank upon a long-term basis and as additional compensation to him for services to be rendered under the provisions of this Amended Agreement, LFC, has granted to Townxxxx xxxtain stock options to acquire LFC's Common Stock. The stock options have been granted by LFC to Townxxxx xxxsuant to that certain Local Financial Corporation 1998 Stock Option Plan ("Plan"). In order to evidence these stock options, LFC has executed and entered into with Townxxxx xxxt certain 1998 Non-Qualified Stock Option Agreement dated effective as of September 23, 1998 ("Stock Option Agreement"), which sets forth the terms and conditions of the stock options granted to Townxxxx xx LFC in accordance herewith and the manner and method of exercising such options and acquiring such stock by Townxxxx. Xxtached as Exhibit "A" to this Amended Agreement, and by this reference made a part hereof, is an executed copy of the Stock Option Agreement.
Sample 1
GRANTING OF STOCK OPTIONS. In consideration for the revisions to the Employment Agreement as set forth herein, the Company has issued options to purchase 396,000 shares of the Company's Common Stock pursuant to the terms of that certain Stock Option Agreement between the Company and the Employee with a grant date of January 16, 1997.
Sample 1
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GRANTING OF STOCK OPTIONS. Executive shall receive stock options to purchase up to 160,000 shares of the Common Stock (the "Stock Options") under the Company's 2000 Stock Incentive Plan (the "2000 Plan"). The strike price of the Stock Options shall be the price of the Common Stock on the date of this Agreement. The Stock Options shall be subject to a vesting schedule as follows: (a) Starting January 1, 2001, 10,000 shares of the Common Stock issuable under the Stock Options shall fully vest after the completion of each fiscal quarter of the Company, not to exceed 40,000 shares in the aggregate in any one fiscal year of the Company, until all of the Stock Options have fully vested.
Sample 1

Related to GRANTING OF STOCK OPTIONS

  • Vesting of Stock Options All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • Grant of Stock Option The Company hereby grants the Optionee an Option to purchase shares of Common Stock, subject to the following terms and conditions and subject to the provisions of the Plan. The Plan is hereby incorporated herein by reference as though set forth herein in its entirety. The Option is not intended to be and shall not be qualified as an “incentive stock option” under Section 422 of the Code.

  • Stock Option Grants Pursuant to the following terms and conditions, the Executive shall be eligible to participate in Holdings’ stock option plan and Holdings agrees as follows: i. Holdings shall establish a stock option plan (“Stock Option Plan”) providing for grants of options (the “Stock Options”) to purchase the common stock of BD Investment Holdings Inc., par value $0.01 (the “Buyer Common Stock”) in amounts not less than (i) 2% of the Buyer Common Stock (on a fully-diluted post-exercise basis) in the aggregate per year for all executives, employees and financial advisors of the Company and its subsidiaries, including the Executive selected by the Board after consultation with, and based on the recommendation of, the CEO, for the calendar years beginning on January 1, 2008 and January 1, 2009 and (ii) 2.5% of the Buyer Common Stock (on a fully-diluted post-exercise basis) in the aggregate per year for all executives, employees and financial advisors of the Company and its subsidiaries, including the Executive, selected by the Board after consultation with, and based on the recommendation of, the CEO, for the calendar years beginning on January 1, 2010 and January 1, 2011. ii. Beginning in January 2008, each annual Stock Option grant shall be made between the first and fifteenth business day of the year, unless the CEO, in his sole discretion, shall agree with the Board to a later date during such year (the “Default Date”). If the Board does not approve Stock Option grants in the amounts set forth in Section 4(c)(i) by the Default Date, then Stock Options in such amounts shall be granted pro-rata to existing option holders and employee stockholders as of such date of grant, except that the CEO’s share of such Stock Option grants shall be reduced by 75% and the other four most highly compensated executives’ share of such Stock Option grants shall be reduced by 50%. iii. The per share exercise price of each Stock Option shall be equal to the Fair Market Value of a share of Buyer Common Stock on the date of grant. Each Stock Option granted shall vest in five equal tranches on each of the first five anniversaries of the date of grant subject to the option holder’s continued employment as of each such vesting date; provided, however, that all Stock Options shall automatically vest in full upon a “change in control” (as defined in the Option Plan, it being understood that an IPO shall in no event constitute a change in control). Notwithstanding any provision of this Agreement to the contrary, following an IPO, no additional Stock Options shall be granted pursuant to the Stock Option Plan. iv. Upon termination of his employment, the portion of any Stock Option granted to the Executive which has not yet vested shall terminate. In the event the Executive’s employment terminates for any reason other than for Cause, the Executive may exercise any vested portion of any Stock Option held by him on the date of termination provided that he does so prior to the earlier of (A) ninety (90) days following termination of employment and (B) the expiration of the scheduled term of the Stock Option. Notwithstanding the foregoing, if the Executive’s employment is terminated due to death or disability (as defined in Section 5(b)), then the Executive or, as applicable in the event of death, his beneficiary or estate, may exercise any vested portion of any Stock Option held by the Executive on the date employment terminates for the shorter of (A) the period of twelve (12) months following the termination date and, (B) with respect to each Stock Option individually, the expiration of the scheduled term of such Stock Option. Upon a termination of the Executive’s employment by the Company for Cause, all Stock Options shall be forfeited immediately. v. Holdings, the Company and the Executive agree to cooperate to structure the Stock Option Plan so as to minimize or avoid additional taxes and interest that would otherwise be imposed on the Executive with respect to options granted under the Stock Option Plan pursuant to Section 409A of the Internal Revenue Code as amended (the “Code”); provided, however, that the Company shall have no obligation to grant the Executive a “gross-up” or other “make-whole” compensation for such purpose.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • NOTICE OF STOCK OPTION GRANT Name: Address:

  • Stock Option Award In the event of Employee’s involuntary Termination of Employment without Cause or Termination of Employment due to a resignation by Employee for Good Reason that, in either case, occurs on or before the second anniversary of a Change in Control, the Stock Option Award shall become exercisable immediately (whether or not previously exercisable) and shall remain exercisable for the three year period following such Termination of Employment. For this purpose, “Good Reason” has the same meaning determined by Employee’s written employment agreement in effect on the Grant Date. In the event there is no such agreement or definition, then Good Reason means the initial existence of one or more of the following conditions, arising without the consent of the Employee: (1) a material diminution in Employee’s base compensation; (2) a material diminution in Employee’s authority, duties, or responsibilities, so as to effectively cause Employee to no longer be performing the duties of his position; (3) a material diminution in the authority, duties, or responsibilities of the supervisor to whom Employee is required to report.

  • Treatment of Stock Options At the Effective Time, with respect to each outstanding option to purchase Shares (a “Company Option”) under the Company Stock Plans, whether vested or unvested, (x) if the exercise price of such Company Option is equal to or greater than the Cash Election Consideration, such Company Option shall terminate and be cancelled as of immediately prior to the Effective Time, without any consideration being payable in respect thereof, and have no further force or effect, and (y) if the exercise price of such Company Option is less than the Cash Election Consideration, thirty percent (30%) of such Company Options held by each holder thereof (rounded to the nearest whole share), other than any Company Option that is not held by a Company Employee and any Company Option held by a non-employee Director, shall be deemed to be “Rollover Options” and the remaining Company Options (other than Company Options cancelled pursuant to clause (x) above) shall be deemed to be “Cash-Out Options”. At the Effective Time, automatically and without any required action on the part of the holder thereof: (i) each such Cash-Out Option shall terminate and be cancelled as of immediately prior to the Effective Time in exchange for the right to receive, in accordance with this Section 4.6(a), a lump sum cash payment in the amount equal to (i) the number of Shares subject to the Company Option immediately prior to the Effective Time, multiplied by (ii) the excess, if any, of the dollar value of the Cash Election Consideration (the “Cash Award Consideration”), over the applicable exercise price (the “Option Payment”). The Option Payment (if any) payable under this Section 4.6(a) to each former holder of a Company Option that was outstanding immediately prior to the Effective Time shall be paid through the Surviving Company’s payroll to such former holder as soon as practicable following the Effective Time (but in any event not later than ten (10) Business Days thereafter), net of any Taxes withheld pursuant to Section 4.2(h); and (ii) each Rollover Option shall be assumed and converted automatically into a fully-vested option (an “Adjusted Stock Option”) to purchase, on substantially the same terms and conditions (other than vesting) as were applicable under such Rollover Option immediately prior to the Effective Time, the number of shares of Series C Common Stock (rounded down to the nearest whole number of shares) equal to the product of (A) the number of Shares subject to such Rollover Option immediately prior to the Effective Time, multiplied by (B) the Option Exchange Ratio, which Adjusted Stock Option shall have an exercise price per share of Series C Common Stock equal to the quotient (rounded up to the nearest whole cent) obtained by dividing (x) the exercise price per Share subject to such Rollover Option immediately prior to the Effective Time, by (y) the Option Exchange Ratio. The “Option Exchange Ratio” shall equal the quotient (rounded to four decimal places) obtained by dividing (i) the weighted average price of the Class A Shares on the NASDAQ on the Trading Day immediately prior to the date of the Effective Time by (ii) the Average Parent Stock Price.

  • 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: (a) Upon your death or Disability during your Continuous Status as a Participant; or (b) Upon a Change in Control.

  • Exercise of Stock Options If stock options granted in connection with a Stock Incentive Plan are exercised: (1) Crescent Equities shall, as soon as practicable after such exercise, contribute to the capital of the Partnership an amount equal to the exercise price paid to Crescent Equities by the exercising party; (2) Crescent Equities shall, as of the date on which the purchase of the REIT Shares is consummated by such exercising party, be deemed to have contributed to the Partnership as Contributed Funds pursuant to Section 4.2.A(2) hereof an amount equal to the fair market value (computed using the "closing price" (as such term is defined in the definition of "Value" in Article I hereof) as of the date on which such purchase of REIT Shares is consummated by such exercising party) of the REIT Shares delivered by Crescent Equities to such exercising party; and (3) the General Partner's Partnership Interest shall remain unchanged, and the Partnership Interests of Crescent Equities and the other Limited Partners shall be adjusted as set forth in Section 4.2, based on the amount deemed to be contributed, determined pursuant to Section 4.6.B(2); provided that, for purposes of calculating the "Deemed Value of the Partnership" and the "Deemed Partnership Interest Value" under Section 4.2, the "Value" of a REIT Share shall be the "closing price" (as such term is defined in the definition of the term "Value" in Article I hereof) of a REIT Share as of the date on which the purchase of REIT Shares is consummated by the exercising party.

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