Issuance of Stock Option Sample Clauses

Issuance of Stock Option. Concurrently with the execution of this Agreement, the Company shall issue to Executive an option to purchase up to 250,000 shares of the Company's common stock pursuant to the Company's Incentive Stock Option Plan. Such option shall be subject to the vesting schedule and terms and conditions set forth in the form of stock option agreement attached to this Agreement as an exhibit.

Issuance of Stock Option. Contemporaneously with the execution and delivery of this Agreement, AMI has granted to AALP an option (the "AALP Stock Option") to purchase 850,000 shares of AMI common stock, which will represent, upon exercise, approximately 19.9% of all issued and outstanding shares of AMI common stock. The AALP Stock Option shall be evidenced by that certain Stock Option Agreement in the form attached hereto as Exhibit C.

Issuance of Stock Option. Concurrently with the execution of this Agreement, the Company shall issue to Executive two options to purchase shares of the Company's common stock pursuant to the Company's 1994 Stock Option Plan (the "Plan") having substantially the following terms: (a) an option (the "First Option") to purchase an aggregate of 150,000 shares of Common Stock, which shall be effective on the Effective Date, shall have an exercise price per share equal to the closing price per share of the Common Stock on the Effective Date, shall have a term of ten years, shall be an incentive stock option to the extent permitted by law and shall vest as to 50,000 shares on each of the first, second and third anniversaries of the Effective Date, and subject to accelerated vesting in the event of a change in control of the Company; and (b) an option (the "Second Option") under the Plan to purchase an aggregate of 100,000 shares of Common Stock, which shall be effective on the Effective Date, shall have an exercise price per share equal to the closing price per share of the Common Stock on the Effective Date, shall have a term of ten years, shall be an incentive stock option to the extent permitted by law and shall vest as to all 100,000 shares on the date 9 years and 6 months after the Effective Date, and subject to accelerated vesting in the event of a change in control of the Company; provided, however, that the vesting of the shares subject to the Second Option shall accelerate in cumulative 25,000 share installments on the last day of the quarter in which the company first achieves each of the following: i. Revenues of $7.5 million for the quarter together with no net loss for such quarter; ii. Revenues of $12.5 million for the quarter together with a net profit of 5% for such quarter; iii. Revenues of $15 million for the quarter together with a net profit of 6% for such quarter; and iv. Revenues of $20 million for the quarter together with a net profit of 7% for such quarter.

Issuance of Stock Option. On the first business day (the “Grant Date”) following announcement of Executive’s appointment, the Company shall grant to the Executive, pursuant to the Company’s 1998 Stock Incentive Plan (as amended, the “Plan”) an option to purchase 80,000 shares of the Company’s common stock at an exercise price equal to the last sale price as quoted on Nasdaq on the Grant Date, which option shall vest and become exercisable with respect to 20,000 shares on the first, second, third and fourth anniversaries of the Grant Date (provided Executive remains an employee of the Company as of such dates), and which shall expire seven years from the Grant Date. Such option shall be subject to the terms and conditions set forth in the Company’s standard form of stock option agreement attached as Exhibit A hereto.

Issuance of Stock Option. Lessee shall, within thirty (30) days of the execution of this Lease Agreement, [ ]. Further, within thirty (30) days of the execution of this Lease Agreement, Lessee [ ]. THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST. REDACTED MATERIAL IS BRACKETED AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Issuance of Stock Option. Executive shall be entitled to participate in any stock option plan (the “Plan”) adopted by the Board of Directors applicable to him. All awards under the Plan shall be made in accordance with and subject to the terms of the Plan. In addition, Executive shall be granted an annual stock bonus in each year during the term equal to two percent (2%) of the then outstanding shares of common stock in the event that the Company generates EBITDA of two million ($2MM) or greater during such fiscal year. Such stock grant shall be payable to Executive with 30 days after the end of each fiscal year.

Issuance of Stock Option. Lessee shall, within thirty (30) days of the execution of this Lease Agreement, [ ] Further, within thirty (30) days of the execution of this Lease Agreement, Lessee shall issue to Lessor an option to purchase up to twenty thousand and No/100 (20,000) shares of its Common Stock at a price of Five and No/100 ($5.00) Dollars per share. Such option shall be exercisable immediately and shall continue for a term of ten (10) years from the date of its issuance. THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST. REDACTED MATERIAL IS BRACKETED AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Issuance of Stock Option. As of the close of business on the Start Date, the Company shall grant to the Executive a non-qualified stock option to purchase up to 700,000 shares of the Company's common stock pursuant to the Company's 2006 Stock and Incentive Plan (the "Plan") at an exercise price equal to the closing price of the Company's common stock on the Nasdaq Stock Market on the Start Date. Such option shall be vested and become exercisable with respect to 233,334 shares on the first, second and third anniversaries of the Start Date and any unvested portion of the option shall become fully vested and exercisable upon a Change of Control (as defined in the Plan), shall expire seven years from the Start Date, and shall have other terms and conditions set forth in the Company's standard option agreement, except that the option shall become fully vested and exercisable for a period of twelve months if Executive is terminated pursuant to Section 7(d).

Issuance of Stock Option. Concurrently with the execution of this Agreement, the Company is granting to the Employee an option to purchase up to 170,000 shares of the Company's common stock, pursuant to the Company's 1999 Stock Option Plan. Such option shall be subject to the vesting schedule and terms and conditions set forth in the form of stock option agreement attached as Exhibit B hereto. In the event the Company issues additional shares of common stock in any equity financing of Xxxxxxxxxx.xxx (including any successor enterprise), the Company will issue a number of option shares to Executive sufficient to maintain the pro rata percentage of shares of the Company that he received on the date of the last grant to Executive, provided Executive is actively employed on the effective date of the equity financing. The term "equity financing" shall not include the issuance of shares of common stock in connection with (i) any stock option grant by the Company to any employee, consultant, third party service provider; (ii) any distribution payable in, or division or combination of, the Company's common stock; (iii) any conversion of any debt obligation or exercise of any warrants, options or rights, outstanding on the date of this Agreement, to acquire shares of common stock of the Company; or (iv) any other event with substantially the same effect shall occur. .

Issuance of Stock Option. Concurrently with the execution of this Agreement, the Company is granting to the Executive an additional option to purchase up to 15,000 shares of the Company’s common stock pursuant to the Company’s 1998 Stock Incentive Plan. Such option shall be subject to the vesting schedule and terms and conditions set forth in the form of stock option agreement attached as Exhibit A hereto, provided, however, that if Executive’s title is changed from the title set forth in Section 3(a) to a title of lesser responsibility or authority for any reason other than “Cause” (as defined in Section 9(b)), such stock option shall become fully vested and exercisable with respect to all 15,000 shares (to the extent not previously exercised).