Incentive Stock Option Grant. In addition to the compensation and benefits described above, the Company will grant you, subject to the approval of the Company's board of directors, the option to purchase 15,000 shares of the Company's common stock, at the fair market value as determined by the Company's board of directors at the date of the grant. The foregoing stock option will be subject to the Company's 2014 Equity Incentive Plan and standard form of stock option agreement (the "Option Agreement"), and shall provide that 25% of the shares vest after twelve (12) months, and the remaining 75% of the shares vest in equal monthly installments over the following thirty-six (36) months. A/7620813 l. I
Incentive Stock Option Grant. As of the date hereof, the Employer shall grant the Executive incentive stock options (“ISOs”) to purchase 30,000 shares of the Employer’s common stock. Each such option shall have a ten year term and a strike price equal to the fair market value of one share of the Employer’s common stock on the date of grant.
Incentive Stock Option Grant. Employee is hereby granted an incentive stock option grant the ("Option") pursuant to the ISO Agreement referred to below with respect to options under the Dynacq International, Inc. Year-2000 Stock Incentive Plan (the "Stock Plan"), a copy of which has been provided to Employee to purchase 100,000 shares of the Company's common stock, $.001 par value (the "Common Stock") at an exercise price equal to the Fair Market Value as defined in Section 2.22 of the Stock Plan ($8.875 per share) which represents the closing sales price per share on the date the Company and Employee agreed to the material Employment Agreement terms and material Option terms, including the number thereof, the expiration date for vesting and exercise, the exercise price, and other terms and conditions on December 6, 2000. The right to purchase Common Stock issuable pursuant to the Option (the "Option Shares") will vest over a three-year period with: (i) 30% vesting after the first full year of employment; (ii) 30% vesting after the second full year of employment; and (iii) 40% vesting after the third full year of employment. Except as specifically provided for to the contrary in the event of termination without cause in years two and three of the vesting period as set forth in the ISO Agreement, vesting shall be contingent upon the achievement of the "Final Performance Goals of the Company and/or DYI as defined and set forth in the ISO Agreement entered into between DYI and Employee effective December 6, 2000, when they agreed to the material Option terms (the "ISO Agreement"), which is attached hereto as EXHIBIT A and incorporated herein by reference. Notwithstanding anything in this Agreement to the contrary with respect to the grant of the Option, the terms thereof, the rights and obligations of Employee with respect thereto or any ambiguity, conflict, interpretive question or matter not specifically addressed and answered herein which may arise out of this Employment Agreement, the ISO Agreement or the Stock Plan (the "ISO Issues") the terms of the Stock Plan shall first control, secondly the terms of the ISO Agreement shall control subject to the terms of the Stock Plan and lastly the terms of this Employment Agreement shall control. If ISO Issues remain after reviewing the foregoing agreements the Employee and Company agree that the Compensation Committee of DYI (the "Compensation Committee" or the "Committee") shall be entitled to resolve any ISO Issues as provided for in Sectio...
Incentive Stock Option Grant. (a) The Company hereby grants to the Executive 2,500,000 options to purchase of the common stock of the Company at a price of $1.95 per share. The stock is restricted as defined by applicable securities laws:
(b) The Option is granted effective as of September 15, 2006.
Incentive Stock Option Grant. You will be granted an option (“Option”) to acquire 75,000 shares of the Company’s Common Stock pursuant to the terms of the Company’s Equity Incentive Plan (“Plan”) and the associated the Option Agreement dated on or about the same date as your Employment Agreement. The Option will vest over a four year period commencing on the first date of your employment (with 25% vesting on the one year anniversary of your employment and the balance vesting on an equal monthly basis, 1/36 each month, over the remaining 36 months, provided that you must remain employed by the Company in order to accrue and vest your rights to exercise the Option). All of the terms and conditions of the Option will be as provided in the Option Agreement and Plan.
Incentive Stock Option Grant. In addition to the compensation and benefits described above, the Company will grant you, subject to the approval of the Company’s board of directors, the option to purchase 180,000 shares of the Company’s common stock, at the fair market value as determined by the Company’s board of directors at the date of the grant. The foregoing stock option will be subject to the Company’s 2014 Equity Incentive Plan and standard form of stock option agreement (the “Option Agreement”), and shall provide that 25% of the shares vest after twelve (12) months, and the remaining 75% of the shares vest in equal monthly installments over the following thirty-six (36) months. In addition, if the Company adopts an equity compensation plan in the future that includes periodic performance-based equity grants for existing employees, you will be fully eligible to participate in such plan, provided that you are employed full-time from the Hire Date through the date of such equity grants. Any equity compensation grant will be entirely at the discretion of the Company’s CEO and Board of Directors, you will be fully eligible for additional equity compensation.
Incentive Stock Option Grant. Dear ____________________ : It is with pleasure I hereby inform you that the Compensation Committee of the Board of Directors of NEXX Systems, Inc. (the “NEXX Systems”) has granted you an incentive stock option to purchase up to ______________ shares of the NEXX Systems’ Common Stock at an exercise price of $___________ per share. These options will vest as follows:
Incentive Stock Option Grant. In addition to the compensation and benefits described above, the Company will grant you, subject to the approval of the Company’s board of directors and the Company successfully obtaining a permit from the applicable state authority, the option to purchase (in addition to the options granted previously pursuant to the offer letter dated 2-1-2012) 55,000 shares of the Company’s common stock, representing approximately 0.75% of the fully diluted shares based on the current capitalization of the company, at the fair market value as determined by the Company’s board of directors at the date of the grant. The foregoing stock option will be subject to the Company’s 2006 Equity Incentive Plan and standard form of stock option agreement (the “Option Agreement”), and shall provide that the shares subject to such option vest in equal monthly installments over a period of forty-eight (48) months.
Incentive Stock Option Grant. On January 1, 2007, the Employer shall grant the Executive stock options to purchase 30,000 shares of the Employer’s common stock. Each such option shall have a ten year term. The strike price of options to purchase 10,000 shares of the Employer’s common stock shall have a strike price of $6.00 per share. The strike price of options to purchase 20,000 shares of the Employer’s common stock shall have a strike price of $4.35 per share.
Incentive Stock Option Grant. On or about the Employment Date, the President and Chief Executive Officer of the Company will recommend that the Board grant Executive a stock option (qualified to the extent permissible by IRS rules and regulations) for the purchase of 1,000,000 shares of Company Common Stock (the "Option Grant"), at an exercise price equal to the fair market value of the underlying Company Common Stock on the date of the grant, as determined by the Board, pursuant to the Company's 1997 Stock Option Plan (the "Plan"). The President and Chief Executive Officer also will recommend that the option contain a five-year vesting period commencing on the Employment Date as follows: 280,000 of the option shares (i.e., 100,000 shares plus 20% of the remaining 900,000 shares) to vest at the end of Executive's first year of continuous employment with the Company, with the remaining option shares to vest in equal portions on a monthly basis during the second through fifth years following the Employment Date. The option, if approved by the Board, will be subject to the terms and conditions of the Plan, any amendments thereto, and the Company's corresponding grant to Executive. For the purpose of this Agreement, failure of the Board to approve the Option Grant on or before April 30, 1999 shall be considered termination of Executive without cause at the sole discretion of Executive. Executive shall provide the Company written notice of whether he has chosen to consider such failure to be termination without cause within ten (10) business days after April 30, 1999. In the event Executive fails to provide such notice to Company prior to the end of such ten (10) business day period, Executive will be deemed not to have considered such failure termination without cause.
