New Option Grant. Executive is granted a non-qualified option ("Option") to purchase 350,000 shares of Company common stock at an option price equal to the closing price of the stock at the close of business on November 1, 2000 (the "Grant Date"), as reported in the Wall Street Journal. The Option is granted pursuant to the Company's 1994 Amended and Restated Long-Term Incentive Plan ("1994 LTIP"), and shall be subject to the terms and conditions thereof. The Option shall be exercisable at the following times: to the extent of 20% on May 1, 2001, 20% on November 1, 2001, 20% on November 1, 2002, 20% on November 1, 2003, and 20% on November 1,
New Option Grant. On the Effective Date or as soon as administratively practicable thereafter (the "Grant Date"), the Stock Option Committee of the Board will grant to the Executive an option (the "Option") to purchase 145,822 shares of the Parent's common stock, par value $.01 (the "Common Stock") under the Parent's 1996 Stock Option Plan as may be in effect from time to time (the "1996 Stock Option Plan") at an exercise price equal to the fair market value (as defined in the 1996 Stock Option Plan) of the Common Stock on the Grant Date. The Option shall, to the maximum extent permitted by applicable law, be designated as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code") and to the extent not allowable, the Option shall be a non-qualified stock option. To the extent that there is an insufficient number of shares of Common Stock available for awards granted under the 1996 Stock Option Plan and the Parent has not obtained stockholder approval of an amendment to the 1996 Stock Option Plan to increase the number of shares of Common Stock available for awards granted under the 1996 Stock Option Plan, the Option shall be conditioned upon the Parent obtaining stockholder approval of such an amendment. The Parent undertakes to propose, and recommend that the stockholders of the Parent approve, an amendment to the 1996 Stock Option Plan to increase the number of shares of Common Stock available for awards granted under the 1996 Stock Option Plan at the next annual stockholder meeting of the Parent, which is to be held not later than June 15, 2001. Alpine, the majority stockholder of the Parent, will confirm in writing to the Parent that it would vote in favor of such an amendment.
New Option Grant. The Company will recommend that the Board of ---------------- Directors grant you an option to purchase 137,500 shares of the Company's Common Stock ("Option Shares") with an exercise price equal to the fair market value on ------------- the date of the grant. These option shares will vest at the rate of 1/12th of the total number of Option Shares on each monthly anniversary of the vesting commencement date, which shall be August 1, 2000. Vesting will, of course, depend on your continued employment with the Company. The option will be an incentive stock option to the maximum extent allowed by the tax code and will be subject to the terms of the Company's 1997 Stock Option Plan and the Stock Option Agreement between you and the Company.
New Option Grant. The Executive has been granted an option to acquire 1,300,000 shares of Company common stock with an exercise price equal to $0.385 per share (“the “Option”). The Option will be an “incentive stock option” to the maximum extent permitted by the Internal Revenue Code limits. The Option will be subject to the terms of the Company’s 2021 Equity Incentive Plan and its applicable form of option grant notice and agreement (the “Option Agreement”). The Option Agreement will provide that the Option may only be exercised for vested shares. The Option will be vested with respect to 650,000 shares on the grant date, with the remaining 650,000 shares subject to the Option vesting in twelve (12) equal quarterly installments over the three-year period commencing on March 31, 2024, subject to Executive’s continued services with the Company through the applicable vesting dates. Any then unvested and outstanding portion of the Option will accelerate vesting in full if Executive remains employed with the Company through the earlier of: (i) a Change in Control which is not related to the closing of the transactions contemplated by the Membership Interest Purchase Agreement entered by and between the Company, Cloudbreak Health, LLC and GTCR on November 16, 2023 (the closing of such transactions constituting a “Sale of Cloudbreak”), or (ii) the Company’s stock being listed on a national exchange and with a volume weighted average trading price of at least $1.00 over a consecutive 90 calendar day period.
New Option Grant. Executive has been granted an option (the ---------------- "New Option") under the Parent Option Plan (as defined in the Merger Agreement) ---------- to purchase shares of the Company's common stock, par value $.01 per share, on the terms and conditions specified in the Stock Option Agreement (the "Option ------ Agreement") attached hereto as Exhibit A ("Exhibit A"). --------- ---------
New Option Grant. Within thirty (30) days following the Effective Date, Executive shall be granted a stock option to purchase 3,000,000 shares of the Company's common stock (the "New Option"). The New Option shall have an exercise price equal to the fair market value of the Company's common stock on the date of grant and shall vest and become exercisable over a term of three (3) years as set forth in Executive's stock option agreement (the "Stock Option Agreement"). The New Option shall have a maximum term of ten years from the date of grant (subject to earlier expiration in the event of the termination of Executive's employment with the Company) and shall be subject to the terms and conditions of the Company's 1999 Stock Incentive Plan and the Stock Option Agreement.
New Option Grant. The Executive expressly acknowledges that, as of January 2, 2001 (the “Grant Date”), the Stock Option Committee of the Parent Board granted to the Executive an option (the “Option”) to purchase 150,000 shares of the Parent’s common stock, par value $.01 (the “Common Stock”) under the Parent’s 1996 Stock Incentive Plan as amended and restated as of January 1, 2001 and as may be in effect from time to time (the “1996 Stock Incentive Plan”) at an exercise price equal to the fair market value (as defined in the 1996 Stock Incentive Plan) of the Common Stock on the Grant Date. The Option shall, to the maximum extent permitted by applicable law, be designated as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”) and to the extent not allowable, the Option shall be a non-qualified stock option. The Executive expressly acknowledges that, as of January 2, 2001, the Stock Option Committee of the Parent Board cancelled the outstanding stock options held by the Executive to purchase 68,333 shares of Common Stock under the 1996 Stock Incentive Plan.
New Option Grant. On the Effective Date, the Company shall grant Executive an option to purchase 50,000 shares of the common stock, par value $0.001 per share, of the Company (the “Common Stock”) at an exercise price equal to the fair market value of the Common Stock on the date of grant.
New Option Grant. In each year of the Employment Period (but subject to the Executive’s continued employment through the applicable grant date), the Executive shall be granted, at the same time each year as grants are made generally to other executives, a stock option covering 400,000 shares (each, a “New Option”) of the Company’s common stock under the Company’s 2004 Equity Compensation Plan (the “New Stock Plan”). The exercise price of the shares subject to each New Option shall be the fair market value of a share on the date of grant of such New Option (each, a “New Option Grant Date”). Each New Option shall become exercisable upon the earlier of (i) the Retirement Date and (ii) the date on which a Triggering Event (including a Change of Control, but as defined in the New Plan) occurs, but in either case only if the Executive is continuously employed by the Company through the earlier of such dates. Once exercisable, each New Option shall remain exercisable until March 31, 2013; provided, however, that any portion of each New Option that shall not have been exercised shall cease to be exercisable on the date, if any, that the Executive materially breaches his obligations under Section 8 below, it being recognized that such vesting and exercisability are part of the consideration for the Executive’s undertakings under Section 8. The New Options shall be subject to the terms of the New Stock Plan in all respects not described herein; provided, however, that the provisions of subparagraph (i)(3) above shall also apply.
New Option Grant. The Company's Compensation Committee authorized the Company to grant to Executive on January 10, 2003, a stock option ("Option") to purchase Seventy Five Thousand (75,000) shares of the Company's common stock. These Options have an exercise price of $0.19 per share, the closing price of the Company's common stock on January 10, 2003. The Options shall be 100% vested and become fully exercisable on the one-year anniversary of the date of grant of the Options, unless vested earlier per Sections 3(d), 3(e), 6(e) or 7 of the Agreement. All other terms of these Options are set forth in the applicable stock option plan.
