Initial Stock Option Awards Sample Clauses

Initial Stock Option Awards. The Company will provide the Executive with an option to purchase 320,000 shares of common stock of the Company at a price of $18.1875 per share. Such option shall vest in annual increments of one-third over the three year period commencing on the Executive's date of hire and shall have a ten year term. In addition, the Company will provide the Executive with an option to purchase 180,000 shares of common stock of the Company at the aforementioned price per share. Such option to purchase 180,000 shares shall have a ten year term and shall vest in full on the fifth anniversary of the date of grant or, if earlier, in increments of one-third with the first third vesting on the date on which the fair market value of the Company's common stock is at least equal to $30.00 per share, the second third vesting on the date on which the fair market value of the Company's common stock is at least equal to $35.00 per share and the final third vesting on the date on which the fair market value of the Company's common stock is at least equal to $40.00 per share; provided, however, that no portion of such option to purchase 180,000 shares shall be exercisable prior to the first anniversary of the date of grant and not more than 50% of the total number of shares subject to the Executive's option may be exercised by the Executive during the one-year period beginning on the first anniversary of the date of grant, as provided under the Company's 1988 Stock Option and Award Plan. The terms and conditions of such options shall be governed by the Executive's individual stock option award agreements and the Company's 1988 Stock Option and Award Plan, as amended from time to time.
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Initial Stock Option Awards. The Executive has received one or more awards of options (the "INITIAL AWARD") to purchase shares of the Company's common stock at exercise prices set forth in one or more of various stock option agreements. A summary of the Executive's existing options are attached as Appendix A hereto. The Executive's Initial Award will remain subject to the terms and conditions of the applicable stock option agreements. More specifically, the Executive's options shall continue to vest until the Termination Date, and the Executive shall have the right to exercise his vested options at any time prior to the Termination Date and for a period of thirty (30) days thereafter. Any options that have not vested as of the Termination Date shall be forfeited. Notwithstanding the foregoing, in the event the Executive is terminated without Cause, his options shall continue to vest through December 31, 2001, and his right to exercise all vested options shall continue through January 31, 2002. All the Executive's options shall fully vest in the event of a change of control of the Company prior to the Termination Date, or prior to December 31, 2001 in the event the Executive has been terminated without Cause. The term "CHANGE OF CONTROL" shall be defined by the definition in the Company's current Stock Option Plan.
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Initial Stock Option Awards. On the Effective Date, in order to (i) keep the Executive whole in respect of compensation and benefits he is forfeiting at Sprint and (ii) serve as an inducement for the Executive's entering into this Agreement, the Company shall grant the Executive, as a signing bonus, a 10-year stock option award, substantially in the form attached to this Agreement as Exhibit C-1, to purchase 500,000 shares of Stock and a 10- year stock option award, substantially in the form attached to this Agreement as Exhibit C-2 to purchase 1,500,000 shares of Stock (the "Initial Stock Options"). The exercise price of the Initial Stock Option shall be $33.10, which represents the average of the closing sale prices of the Stock on the New York Stock Exchange for the five trading days ending on July 11, 1997.
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Initial Stock Option Awards. The Executive shall be granted options under the Company's 1998 Stock Option Plan, as amended, to acquire up to 900,000 shares of the Company's common stock ("Common Stock") in accordance with the following:
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Related to Initial Stock Option Awards

  • Initial Stock Option Grant You will be awarded options in respect of Koninklijke common stock (your “Initial Stock Options”). The number of Initial Stock Options to be awarded to you is stated in the Schedule. The vesting schedule for your Initial Stock Options is stated in the Schedule. Your Initial Stock Options will be subject to the terms of LTIP and to the terms of your award agreement under it.

  • Stock Option Awards During the Term, the Executive shall be eligible for awards of options to purchase shares of the Company’s common stock (the “Stock Options”), such Stock Options to be awarded in the sole discretion of the Compensation Committee and in accordance with the terms of the Company’s Stock Option Plan, as such Stock Option Plan may be amended, suspended or terminated from time to time.

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 10,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • Company Stock Options At the Effective Time, each Company Stock --------------------- Option shall be deemed to have been assumed by Evergreen, without further action by Evergreen, and shall thereafter be deemed an option to acquire, on the same terms and conditions as were applicable under such Company Stock Option, that number of shares of Surviving Corporation Common Stock that would have been received in respect of such Company Stock Option if it had been exercised immediately prior to the Effective Time (such Company Stock Options assumed by Evergreen, the "Assumed Chancellor Stock Options"); provided, however, that, for -------- ------- each optionholder, (i) the aggregate fair market value of Surviving Corporation Common Stock subject to Assumed Chancellor Stock Options immediately after the Effective Time shall not exceed the aggregate exercise price thereof by more than the excess of the aggregate fair market value of Company Common Stock subject to Company Stock Options immediately before the Effective Time over the aggregate exercise price thereof and (ii) on a share-by-share comparison, the ratio of the exercise price of the Assumed Chancellor Stock Option to the fair market value of the Surviving Corporation Common Stock immediately after the Effective Time is no more favorable to the optionholder than the ratio of the exercise price of the Company Stock Option to the fair market value of the Company Common Stock immediately before the Effective Time; and provided, -------- further, that no fractional shares shall be issued on the exercise of such ------- Assumed Chancellor Stock Option and, in lieu thereof, the holder of such Assumed Chancellor Stock Option shall only be entitled to a cash payment in the amount of such fraction multiplied by the closing price per share of Surviving Corporation Common Stock on the Nasdaq National Market on the business day immediately prior to the date of such exercise.

  • Stock Options (a) Subsequent to the effectiveness of the Form 10, but prior to the consummation of the Distribution, and subject to the consummation of the Distribution, each option to purchase ALTISOURCE Common Stock (“ALTISOURCE Stock Options”) granted and outstanding under the 2009 Equity Incentive Plan of ALTISOURCE (“ALTISOURCE Option Plan”) shall remain granted and outstanding and shall not, and ALTISOURCE shall cause (to the maximum extent permitted under the ALTISOURCE Option Plan) the ALTISOURCE Stock Options not to, terminate, accelerate or otherwise vest as a result of the Distribution, and each holder thereof immediately prior to the Distribution will be entitled to the following, determined in a manner in accordance with, and subject to, the ALTISOURCE Option Plan, FAS123R and Section 409A of the Internal Revenue Code: (i) an option to acquire a number of shares of Residential Class B Common Stock equal to the product of (x) the number of shares of ALTISOURCE Common Stock subject to the ALTISOURCE Stock Option held by such holder on the Distribution Date and (y) the distribution ratio of one (1) share of Residential Class B Common Stock for every three (3) shares of ALTISOURCE Common Stock (the “Residential Stock Options”), with an exercise price to be determined in a manner consistent with this Section 3.04 and (ii) the adjustment of the exercise price of such holder’s ALTISOURCE Stock Option, to be determined in a manner consistent with this Section 3.04 (the “Adjusted ALTISOURCE Stock Options”) (the Residential Stock Options and the Adjusted ALTISOURCE Stock Options, together, the “Post-Distribution Stock Options”).

  • Stock Option Grants Executive will receive an annual grant of stock options during the term of this Agreement in a manner and under terms that are consistent with grants made to other executives of the Company.

  • Option Awards The Company represents and warrants to the Executive that all shares issued pursuant to any equity award granted to the Executive by the Company, upon issuance to the Executive, will be duly authorized, fully paid and non-assessable. A sufficient number of shares for each such equity award will be properly reserved.

  • Company Stock Option Plans Simultaneously with the execution of this Agreement, the Board of Directors of the Company (or, if appropriate, any committee administering the Company Stock Option Plans) shall adopt such resolutions or take such other actions as are required to effect the transactions contemplated by Section 2.10 in respect of all outstanding Options and thereafter the Board of Directors of the Company (or any such committee) shall adopt any such additional resolutions and take such additional actions as are required in furtherance of the foregoing.

  • Nonqualified Stock Options If the Shares are held for more than twelve (12) months after the date of purchase of the Shares pursuant to the exercise of an NQSO, any gain realized on disposition of the Shares will be treated as long term capital gain.

  • Restricted Stock and Stock Options Employer shall cause the Compensation Committee of the Board of Directors of Employer to review whether Employee should be granted shares of restricted stock and/or options to purchase shares of common stock of CBSI. Such review may be conducted pursuant to the terms of the Community Bank System, Inc. 2014 Long-Term Incentive Plan, a successor plan, or independently, as the Compensation Committee shall determine. Reviews shall be conducted no less frequently than annually.

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