New Option. 21 Representative...............................13
New Option. In the event that less than all of the ---------- Option Shares covered by this Option are purchased, the Company shall execute and mail, by first-class mail, and within 20 days of the Date of Exercise, to the Holder a new Option representing the right to purchase the number of Option Shares not purchased upon exercise of the surrendered Option. In no event shall a fraction of an Option Share be issued.
New Option. If granted, the New Option shall vest and become exercisable as to one-third of the total shares subject to the New Option on each of the first two anniversaries of the Effective Date, and as to the remaining one-third of the total shares subject to the New Option on June 30, 2007, contingent upon Executive's continued employment with the Company on such dates.
New Option. Under and subject to the provisions of the Corporation's Employee Stock Option Plan as in effect from time to time ("Plan"), the Corporation hereby grants to Employee a non-statutory option to purchase an aggregate of the number of shares of Common Stock of the Corporation as set forth on Exhibit B attached hereto at the price of U.S. $ per share ("New Option"), subject to the following conditions:
(a) The New Option shall not be exercisable to any extent until and unless the Employee shall have remained continuously in the employ of the Corporation until at least May 6, 1999; provided, however, that if the Employee's employment is terminated for any of the reasons stated in subsections 2(a), 2(b), 2(c) or 2(d) of this Agreement, then the requirement that Employee remain continuously in the employ of the Corporation until at least May 6, 1999 shall be waived by the Corporation and the New Options shall become exercisable to the extent and for the time period stated in the applicable subsections of Section
New Option. Effective immediately upon entering into this Employment Agreement, Employer shall cause Employee to be granted the option to purchase up to 300,000 shares of Employer's common stock. Such option shall be granted under Employer's 1996 Long-Term Incentive Plan, shall be subject to the terms and conditions set forth in such Plan and the Award Agreement entered into pursuant thereto, and shall be subject to stockholder approval of such Plan.
New Option. On May 8, 2013, you were granted a nonqualified option (the “New Options”) to purchase 50,000 shares of the Company’s common stock under the WebMD Health Corp. Amended and Restated 2005 Long Term Incentive Plan (the “Equity Plan”). The per share exercise price is equal to the closing price of the Company’s common stock on the date of grant and the New Options vest subject to your continued employment on the applicable vesting dates in equal annual installments of 50% commencing on the first anniversary of the date of grant (full vesting on the second anniversary of May 8, 2013); provided that in the event of a termination of your employment by the Company (or its successor) without Cause or by you for Good Reason following a Change of Control (as defined below), the New Options, to the extent unvested, shall remain outstanding until the second vesting date and the 90-day post-termination exercise period shall commence on such date. The New Options will have a term of ten years, subject to earlier termination in the event of termination of employment in accordance with the Equity Plan. The New Options will be evidenced by the Company’s form of option agreement.
New Option. As of the Effective Date, FLAG will grant an option to the Employee to purchase 20,000 (prior to the Recapitalization) shares of FLAG common stock at an exercise price equal to the selling price in the private offering for the sale of FLAG's common stock which will be used to fund the Recapitalization (the "New Option"); provided, however, that if the Employee elects to have the Old Options cancelled as provided in Subsection (c) of this Section, the grant date for the New Option shall be no earlier than six (6) months and one day following the date the Old Options are cancelled (the "Later Grant Date"). If the New Option is granted on the Later Grant Date, the exercise price for the New Option will be equal to the greater of (i) the fair market value of FLAG's common stock on such Later Grant Date or (ii) $9.10.
New Option. In accordance with the Company's Stock Option Plan, Adaptec will recommend to the Board of Directors that employee be granted an option to purchase 75,000 shares of Adaptec stock that will vest 6.25% per quarter, and will be fully vested at the end of four years. These options will be priced based upon the employee's start date. The option price will be the previous trading day's closing price with vesting commencing on the hire date.
New Option. Under and subject to the provisions of the Corporation's Stock Incentive Plan as in effect from time to time ("Plan"), the Corporation hereby grants to Director a non-statutory option to purchase an aggregate of the number of shares of Common Stock of the Corporation as set forth on Exhibit B attached hereto at the price of U.S. $1.125 per share ("New Option"), subject to the following conditions:
(a) The New Option shall not be exercisable to any extent until and unless the Director shall have remained continuously as a director of the Corporation until at least May 6, 1999; provided, however, that if the Director's position as a director terminates because of the Director's death, failure to be re-elected by the shareholders, medical disability (with physician's written opinion regarding disability to serve as a director) or removal from office (including a resignation upon request of a purchaser of the Corporation) after "Change of Control" (as defined in the Plan), then the requirement that Director remain continuously as a director of the Corporation until at least May 6, 1999 shall be waived by the Corporation and the New Options shall become immediately exercisable (to the extent they have not expired) and remain exercisable for the time period stated in Exhibit B hereof.
(b) During the lifetime of the Director, the New Option shall be exercisable only by the Director; after the Director's death, the New Option shall be exercisable as described in the Plan.
(c) Notwithstanding any other provision of this Agreement, the New Option shall expire in accordance with the schedule set forth on Exhibit B hereof and shall not be exercisable thereafter.
(d) By executing this Agreement, Director acknowledges and agrees that all Old Options are hereby fully and finally terminated, are void and are of no further force or effect. The New Option granted to Director herein replaces the Old Options in their entirety. As used herein, the term "Old Option" shall mean all options, rights and option agreements dated on or before September 3, 1998 between Corporation and Director under which Director has the right to purchase shares of Corporation Common Stock from the Corporation at a stated exercise price per share (collectively, the "Old Options"). Without limiting the generality of the foregoing sentence, attached hereto as Exhibit A is a
New Option. 7.8 NNM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
