Issuance of Stock Options. Executive shall receive options for ------------------------- the purchase of 200,000 shares of the Company's common stock (the "Common ------ Stock") upon implementation of the Company's employee stock option plan on the ----- earlier of the of consummation of the Company's initial public offering pursuant to a registration statement on Form S-1 declared effective by the Securities and Exchange Commission (the "IPO") or June 30, 1999. The options will vest as --- follows: the first 1/4 of the shares (or 50,000 shares) will vest on the first anniversary of the earlier of the IPO or June 30, 2000. The remaining 3/4 of the shares exercisable pursuant to the options (or 150,000 shares) shall vest at the rate of 1/36 per month thereafter (or 4,167 shares per month). All options shall be fully vested no later than the earlier of (i) a "change in control" of the Company occurs (as such term is defined under the rules promulgated under the Securities Act of 1933, as amended); (ii) the fourth anniversary of the IPO; or (iii) June 30, 2003. Executive will be eligible for grants of additional options during the Employment Period approved by the Board based on Executive's and the Company's performance. All shares and options issued to Executive shall be made through stock purchase agreements or options agreements, as appropriate, based on the Company's standard form for its executives.
Issuance of Stock Options. As compensation for the Consulting Services, subject to the terms and conditions of this Agreement, Company will issue to Consultant 7,695,273 options to purchase shares of Class A common stock of the Company (the “Class A Options”) at an exercise price of $0.025 per share. Further, Xxxxxx X. Xxxxxxxxx individually agrees to issue to Consultant 24,000 options to purchase shares of his Class B common stock of the Company (the “Class B Options”) at an exercise price of $0.50 per share (the Class A Options and the Class B Options shall collectively be referred to as the “Option Shares”). The Options shall be fully vested and shall be issued to Consultant pursuant to the Stock Option Agreement of even date herewith.
Issuance of Stock Options. While any Event of Default has occurred and is continuing, enter into, or amend, any agreement that would require the Company or any Subsidiary to issue any stock options at any time, including upon the occurrence of any contingency; provided that this Section shall not prohibit an employment agreement in the ordinary course of business that would have the effect of subjecting an employee to a stock option plan applicable to other comparable employees, which plan is in existence on the Closing Date.
Issuance of Stock Options. On the Closing Date, the Purchaser or the Permitted Assignee shall deliver to the Key Employees the Stock Options described in Section 4.7.
Issuance of Stock Options. As additional consideration for the ------------------------- acquisition of all of the capital stock of AMRES by EMB, EMB shall issue to the SELLING SHAREHOLDER options to purchase common stock of EMB on the following terms and conditions:
(a) Options to purchase one million two hundred fifty thousand (1,250,000) shares of common stock shall be issued on June 1, 1999, with an exercise price determined as follows: one hundred ten percent (110%) of the average closing bid price for the EMB common stock (EMBU:OTC-BB) for the week preceding the Closing Date of this transaction, i.e., the week of April 26, 1999 through April 30, 1999, calculated to be eighty-five (85) cents per share. These options shall expire at the close of business on May 31, 2002.
(b) Options to purchase five hundred thousand (500,000) shares of common stock shall be issued on June 1, 2000, with an exercise price of $1.50 per share. These options shall expire on May 31, 2003.
(c) Options to purchase five hundred thousand (500,000) shares of common stock shall be issued on June 1, 2001, with an exercise price of $2.00 per share. These options shall expire on May 31, 2004.
(d) Options to purchase five hundred thousand (500,000) shares of common stock shall be issued on June 1, 2002, with an exercise price of $2.50 per share. These options shall expire on May 31, 2005.
(e) Options to purchase five hundred thousand (500,000) shares of common stock shall be issued on June 1, 2003, with an exercise price of $3.00 per share. These options shall expire on May 31, 2006.
Issuance of Stock Options. In consideration of BMI and Xxxxxxx'x release of the compensation rights under Paragraph 5(c) of the Services Agreement, AWT shall cause Informatix, as successor by merger, to issue to BMI options representing the right to acquire 135,000 shares of Informatix common stock at an exercise price of $1.00 per share. The option shall be fully vested and may be exercised in conjunction with, or at any time after, exercise of the warrant previously issued to Xxxxxxx by AWT. The number of options is based upon 12 million fully diluted shares and the number of options (and exercise price) shall be adjusted pro rata in the event there is any increase or decrease in the number of fully diluted shares prior to the actual issuance of the option. Thereafter any adjustment in the number of options shall be made in accordance with the terms of the option agreement. In addition to the 135,000 options to be issued in connection with the execution of this Amendment, AWT shall cause additional stock options to be issued to BMI during each year the Services Agreement remains in effect, and for so long as BMI and Xxxxxxx are performing thereunder. Said options shall be issued on the same terms and conditions as the options issued to AWT's senior management during said year, with the actual number of options to be issued equal to an amount that is not less than the average number of options granted to senior management during said year (exclusive of any options issued as a recruiting or sign-on bonus to any newly recruited member of senior management).
Issuance of Stock Options. The Company hereby grants to ------------------------- the Executive nonqualified stock options ("Options") to purchase 500,000 shares (the "Option Shares") of the Company's $.01 par value common stock (the "Common Stock"), pursuant to the Premiere Technologies, Inc. Second Amended and Restated 1995 Stock Plan, as amended (the "1995 Stock Plan"), having terms set forth in this Section 2.4. The Options shall vest with respect to all of the Option Shares on August 20, 1998, provided that the Executive has not voluntarily terminated his employment with the Company prior to that date, and following vesting the Options shall become exercisable on such dates and with respect to such number of Option Shares as are specified below:
(a) Commencing as of the date of the 1999 annual meeting of shareholders of the Company, the Executive shall have the right to exercise the Options with respect to, and to thereby purchase, one-half (1/2) of the Option Shares; prior to said date, the Options shall not be exercisable.
(b) Commencing as of the date of the 2000 annual meeting of shareholders of the Company, the Executive shall have the right to exercise the Options with respect to, and to thereby purchase, one-half (1/2) of the Option Shares.
Issuance of Stock Options. Executive shall receive options for the purchase of 150,000 shares of the Company's common stock. The options will vest as follows: the first 50,000 will vest immediately upon Executive's first day of employment with the Company. The remaining options will vest as follows: the first 1/4 of the remaining options (or 25,000 options) will vest on the first anniversary of this Agreement; the remaining 3/4 of the options (or 75,000 options) shall vest at the rate of 1/36 per month thereafter (or 2,083.33 options per month). All options shall be fully vested no later than the earlier of the fourth anniversary of the date of hire. The grant date for the options will be within the first two weeks of the Employment Period on such date as determined by Executive in writing to the Company. Executive will be eligible for grants of additional options during the Employment Period approved by the Board based on Executive's and the Company's performance. All shares and options issued to Executive shall be made through stock purchase agreements or options agreements, as appropriate, based on the Company's standard form for its executives.
Issuance of Stock Options. As of the Closing Date, the Parent has conducted an initial investigation of the issuance of all Stock options issued by the Parent since the Parent became a public reporting company under the Exchange Act in order to determine whether (a) all publicly reported grants were in fact authorized by appropriate action of the Board of Directors of the Parent and (b) whether the effective dates of such Stock option grants are consistent with what is publicly reported and appear in the Parent’s human resource records. The results of such investigation have not, in the reasonable determination of the Parent, resulted in the need for reporting of any matters to any applicable Governmental Authority or other reporting necessary to comply with any applicable laws, rules or regulations.
Issuance of Stock Options. The Company hereby grants to ------------------------- the Executive nonqualified stock options ("Options") having terms set forth in this Section 2.4, in accordance with the following vesting schedule: Vesting Number of Date Options --------------- --------- August 11, 1997 150,000 August 11, 1999 150,000 August 11, 2000 150,000 ------- 450,000 =======
