Initial Stock Option Grant Sample Clauses

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.

Initial Stock Option Grant. Effective as of the date hereof, but -------------------------- subject to the approval by the Company's shareholders of an amendment to the Company's 1997 Stock Plan to increase the number of shares available for issuance thereunder, the Company shall grant Executive an option (the "Option") to purchase 150,000 shares of the Company's common stock, par value $.01 per share (the "Common Stock"), at an exercise price of $8.00 per share. To the extent not inconsistent with the terms of this Agreement, the Option shall be subject to the terms of a stock option agreement in substantially the form attached hereto as Exhibit B (the "Option Agreement"). The Option shall become exercisable on a cumulative basis as follows, provided that Executive continues in the employment of the Company through the applicable vesting date(s): (a) twenty percent (20%) of the shares covered by the Option shall become exercisable on the first anniversary of the date of grant; (b) twenty percent (20%) of the shares covered by the Option shall become exercisable on the second anniversary of the date of grant; (c) twenty percent (20%) of the shares covered by the Option shall become exercisable on the third anniversary of the date of grant; (d) twenty percent (20%) of the shares covered by the Option shall become exercisable on the fourth anniversary of the date of grant; and (e) twenty percent (20%) of the shares covered by the Option shall become exercisable on the fifth anniversary of the date of grant. Notwithstanding the foregoing, all shares covered by the Option shall vest and become exercisable upon the occurrence of any of the following events: (i) a Termination Without Cause (as defined below), or (ii) a Termination With Good Reason (as defined below). In the event that Executive incurs a termination of employment for any reason other than a Termination With Cause or a resignation without Good Reason prior to the expiration of the Term, any portion of the Option that has become vested on or before the date of such termination (including without limitation, any portion that becomes exercisable due to such termination) shall remain exercisable for 180 days following the date of such termination. In the event that Executive incurs a Termination With Cause or in the event Executive resigns without Good Reason prior to the expiration of the Term, any portion of the Option that has become vested on or before the date of such termination (including without limitation, any portion t...

Initial Stock Option Grant. On the first day of the calendar -------------------------- month immediately following the Effective Date (the "Grant Date"), the Company shall grant to the Employee a stock option, which shall be an incentive stock option under Section 422 of the Internal Revenue Code to the maximum extent permitted thereby, (the "Company Option") to purchase that number of shares of Company common stock equal to twenty-five percent (25%) of Employee's unvested shares of Company common stock subject to the Spyglass Options, as determined one day prior to the Effective Date(as adjusted for any stock splits, stock dividends and similar events). The exercise price of the Company Option shall equal the fair market value of the Company's common stock on the Grant Date. Subject to the accelerated vesting provisions set forth herein, the Company Option will vest as to 25% of the shares subject to the Company Option one year after the Grant Date, and as to an additional 1/48th of the shares subject to the Company Option monthly thereafter, so that the Company Option will be fully vested and exercisable four (4) years from the Grant Date, subject to Employee's continued service to the Company on the relevant vesting dates. The Company Option will be subject to the terms, definitions and provisions of the Company's Amended and Restated 1999 Share Option/Share Issuance Plan (the "Option Plan") and the stock option agreement by and between Employee and the Company, substantially in the form attached hereto as Exhibit A (the "Option Agreement"), both of which documents are incorporated herein by reference.

Initial Stock Option Grant. Executive shall receive from the Company, effective as of June 12, 2017, options (“the “Initial Options”) to purchase up to Four Hundred Thousand (400,000) shares of the Company's Common Stock, at Two Dollars and Fifty Cents ($2.50) per share, constituting the Fair Market Value as of the date granted. Of the Initial Options granted, options to purchase One Hundred Thousand (100,000) shares shall vest on January 5, 2018 and options to purchase an additional One Hundred Thousand (100,000) shares shall vest on each one-year anniversary of January 5, for three (3) consecutive years. Once vested, the Initial Options must be exercised no later than three (3) years from vesting.. The Company will register the shares of Common Stock issuable upon exercise of the Initial Options pursuant to a registration statement on Form S-8.

Initial Stock Option Grant. Immediately following the Closing, -------------------------- Executive shall be granted a non-qualified phantom share option (for a term expiring ten years thereafter) to purchase phantom ordinary shares of the Parent Company, the number of which shall equal two times Executive's Base Salary divided by the then current fair market value of a share of the Parent Company (the "Option"). Executive's right to exercise the Option shall vest in 25% increments on each of the first four anniversaries of the Effective Date, if, in each case, Executive is then employed by the Company (except that in the case of death, disability, as defined in Section 5.1, or removal without cause, as provided in Section 5.4(b), Executive shall be fully vested in the Option). The terms of the Option, to the extent not inconsistent with the provisions outlined in this Section, shall be made subject to the terms of the Parent Company's Phantom Share Option Scheme.

Initial Stock Option Grant. Effective as of the Effective Date, the Company shall grant Executive stock options under the Company’s equity incentive plans (the “Initial Stock Options”) valued at $115,000 using a Black Scholes valuation based on the closing price of Company’s common stock on the Effective Date with methodology determined by the Committee in its sole discretion. Such initial grant of stock options shall vest ratably over a four-year period, 25% on each anniversary of the date of grant, provided Executive is employed on such dates by the Company. All such stock options shall be subject to the terms and conditions set forth in the applicable plan and applicable award agreement attached as Exhibit A hereto.

Initial Stock Option Grant. Employee is granted an aggregate of 500,000 stock options from the Augme Technologies Inc. 2010 Incentive Stock Option Plan by Board approval on June 17, 2013. The options shall have an exercise price not less than the closing price on the date of Board approval and a five year term. The options shall vest in accordance with the following schedule: a. 500,000 of the stock options shall vest ratably in equal monthly increments over a three-year period (1/36th per month) starting on June 17, 2013, the Effective Date of the Agreement. b. In the event of (A) a merger, acquisition or sale transaction by the Company which causes a change of control of the Company (the “Control Change”), any unvested common stock, options to purchase common stock or similar securities held beneficially by you shall automatically become fully vested. For purposes of this section, Control Change shall mean the occurrence of any of the following events: (i) a majority of the outstanding voting stock of the Company shall have been acquired or beneficially owned by any person or any two or more persons acting as a partnership, limited partnership, syndicate or other group, entity or association acting in concert for the purpose of voting, acquiring, holding, or disposing of voting stock of the Company; or (ii) a merger or a consolidation of the Company with or into another corporation, other than (A) a merger or consolidation with a subsidiary of the Company, or (B) a merger or consolidation in which the holders of voting stock of the Company immediately prior to the merger as a class hold immediately after the merger at least a majority of all outstanding voting power of the surviving or resulting corporation or its parent; or (iii) a statutory exchange of shares of one or more classes or series of outstanding voting stock of the Company for cash, securities, or other property, other than an exchange in which the holders of voting stock of the Company immediately prior to the exchange as a class hold immediately after the exchange at least a majority of all outstanding voting power of the entity with which the Company stock is being exchanged; or (iv) the sale or other disposition of all or substantially all of the assets of the Company, in one transaction or a series of transactions, other than a sale or disposition in which the holders of voting stock of the Company immediately prior to the sale or disposition as a class hold immediately after the exchange at least a majority of al...

Initial Stock Option Grant. On the Commencement Date, in consideration of the Executive’s entering into this Agreement and as an inducement to join the Company, the Executive shall be granted, under the Dynegy Inc. 2010 Long Term Incentive Plan, as amended or modified from time to time (the “LTIP”), a non-qualified stock option to purchase the following number of shares of the Company’s common stock (the “Option”), subject to the approval of the Board or committee thereof, at the following corresponding per share exercise prices: 50,000 shares at fair market value (as determined in accordance with the LTIP) on the Option grant date; 62,500 shares at $6.50 per share; 75,000 shares at $8.00 per share; and 100,000 shares at $10.00 per share; provided that in no event will the exercise price be less than the fair market value of the Company’s common stock on the Option grant date. Such award shall be governed by the LTIP and a stock option award agreement between the Executive and the Company. Subject to the terms of the LTIP and the Option award agreement, and provided the Executive remains in active working status at such time, the Option shall become exercisable in equal installments on each of the first four (4) anniversaries of the Commencement Date; provided, however, that if the Executive’s employment is terminated for any reason other than by the Company for Cause or by the Executive without Good Reason (each as defined in the Dynegy Inc. Executive Severance Pay Plan (the “Severance Plan”)), the Option shall immediately vest in full and thereafter be exercisable in accordance with the terms of the Option award agreement.

Initial Stock Option Grant. On the Effective Date, Holding shall grant to the Executive an option to purchase 4,408 shares of Class C Common Stock of Holding, pursuant to an option agreement between Holding and the Executive, substantially in the form attached hereto as Exhibit A. Options granted pursuant to this Section 2.3 shall have a per share exercise price equal to $1,250 per share.

Initial Stock Option Grant. A stock option to purchase 250,000 shares of Common Stock, par value $.01 per share, of the Company was granted to the Employee on the Start Date. The Option grant shall be an incentive stock option to the maximum extent permitted by law. The exercise price is $1.52 per share. The vesting will be as follows: