New Option Grant Sample Clauses

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 677,612 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 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. 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. 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. In accordance with the Incentive Stock Option Agreement between the Company and Employee, dated May 10, 2018 (the “New Option Agreement”), with respect to the 75,000 options under the New Option Agreement (the “New Options”), all such New Options shall become vested and exercisable as of the Change in Control Date. Such New Options shall remain exercisable until the one (1) year anniversary of the Separation Date. The New Options shall be subject to all other terms and provisions set forth in the New Option Agreement.

New Option Grant. The Parent shall recommend to the Executive Compensation and Organization Committee of the Parent Board (the "Committee") that the Committee grant to the Executive an option (the "Option") to purchase 125,000 shares of the Parent's common stock, par value $.10 (the "Common Stock") under the Parent's 1997 Stock Option Plan (Amended and Restated as of August 1, 1999) and as may be in effect from time to time (the "Stock Option Plan") at an exercise price equal to the fair market value (as defined in the Stock Option Plan) of the Common Stock on the date of grant. 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.

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 78,482 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.

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 New Option shall have a maximum term of ten (10) 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 2002 Nonstatutory Stock Option Merger Plan and form of stock option agreement, as modified by the plan administrator in consultation with the Company's legal and financial advisors to the extent deemed advisable to maintain its consistency with the terms and conditions of this Agreement." 2. Except as provided herein, all other terms and conditions of the Agreement and the stock option agreement evidencing the New Option shall remain in effect and unchanged.

New Option Grant. The Executive is being granted by the ---------------- Compensation Committee, effective December 8, 1999, a ten year option to purchase 2,000,000 shares of Gateway common stock (the "New Options"). The New Options grant will have a xxxxx xxxxx equal to the closing price on the New York Stock Exchange of the Company's common stock on December 8, 1999 and is being granted pursuant to, and be subject to, the terms of the Company's 1996 Long- Term Incentive Equity Plan (the "Plan"). The New Options shall vest in four equal installments on each of the first four anniversaries of the grant date, provided that full vesting of the New Options shall occur upon any of the following events (as each is defined in this Agreement): (i) Termination without Cause (Section 5(a)), (ii) Termination for Good Reason (Section 5(b)), (iii) Change in Control (Section 5(c)), (iv) death while employed (Section 5(d)), or (v) termination as a result of Disability (Section 5(d)). The Executive shall have until the close of trading on the New York Stock Exchange one (1) year from the date of (i) Termination without Cause, (ii) Termination for Good Reason, (iii) termination for any reason on or after a Change in Control, or (iv) death or termination on account of Disability to exercise all vested New Options. In all other cases of termination, the Executive shall have ninety (90) days following termination to exercise all vested New Options. In the case of any termination, the above periods will be extended for a time period equal to the length of any Company imposed blackout period because of securities law restrictions (including without limitation Rule 10b-5) or accounting limitations. All New Options held by the Executive which are unvested on the date of termination of employment will terminate and expire as of the date of termination of employment.