NON-QUALIFIED STOCK OPTION AGREEMENT. Non-Qualified Stock Option Vesting This option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code and will be interpreted accordingly. This option is only exercisable before it expires and then only with respect to the vested portion of the option. Subject to the preceding sentence, you may exercise this option, in whole or in part, to purchase a whole number of vested shares not less than 100 shares, unless the number of shares purchased is the total number available for purchase under the option, by following the procedures set forth in the Plan and below in this Agreement. Your right to purchase shares of Stock under this option vests as to one-third (1/3) of the total number of shares covered by this option, as shown on the cover sheet, on each of the first three annual anniversaries of the Vesting Start Date, provided you then continue in Service. The resulting aggregate number of vested shares will be rounded to the nearest whole number, and you cannot vest in more than the number of shares covered by this option. No additional shares of Stock will vest (after taking into account any accelerated vesting explicitly provided for in this Agreement) after your Service has terminated for any reason. Term Your option will expire in any event at the close of business at Company headquarters on the day before the 7th anniversary of the Grant Date, as shown on the cover sheet. Your option will expire earlier if your Service terminates, as described below. Regular Termination If your Service terminates for any reason, other than death, Disability, Retirement or Cause, then your option will expire at the close of business at Company headquarters on the 90th day after your termination date. Termination for Cause If your Service is terminated for Cause, then you shall immediately forfeit all rights to your option and the option shall immediately expire. Death If your Service terminates because of your death, then your option will immediately become 100% vested and will expire at the close of business at Company headquarters on the date twelve (12) months after the date of death. During that twelve-month period, your estate or heirs may exercise your option. In addition, if you die during the 90-day period described in connection with a regular termination (i.e., a termination of your Service not on account of your death, Disability or Cause), and a vested portion of your option has not yet been exercised, then your opti...
NON-QUALIFIED STOCK OPTION AGREEMENT. 2. Exercisability The Option granted hereby will be fully vested and shall be exercisable for a period of ten (10) years from August 17, 1995. Any unexercised shares must be exercised or forfeited before the conclusion of that period. 3.
NON-QUALIFIED STOCK OPTION AGREEMENT. NON-QUALIFIED STOCK OPTION AGREEMENT (together with the attached Notice of Grant of Stock Options and Option Agreement (“Notice of Grant”), the “Option Agreement”) made as of the date (the “Grant Date”) set forth in Notice of Grant, between Integra LifeSciences Holdings Corporation, a Delaware corporation (the “Company”), and the named Key Employee of the Company, a Related Corporation, or an affiliate (the “Employee”).
NON-QUALIFIED STOCK OPTION AGREEMENT. A. The Option shall become fully exercisable upon the Grantee's Date of Termination, if the Grantee's Date of Termination occurs by reason of the Grantee's death or Disability.
NON-QUALIFIED STOCK OPTION AGREEMENT. Non-Qualified Stock Option This option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code and will be interpreted accordingly. Vesting This option is only exercisable before it expires and then only with respect to the vested portion of the option. Subject to the preceding sentence, you may exercise this option, in whole or in part, to purchase a whole number of vested shares not less than 100 shares, unless the number of shares purchased is the total number available for purchase under the option, by following the procedures set forth below in this Agreement. Your right to the Stock under this Agreement vests as to thirty three and one-third percent (331/3%) of the total number of shares of Stock covered by this grant, as shown on the cover sheet, each year on each of the first three one-year anniversaries of the Vesting Start Date. The resulting aggregate number of vested shares will be rounded down to the nearest whole number, and you cannot vest in more than the number of shares covered by this option. Except as otherwise provided in the employment agreement between you and the Company, no additional shares of Stock will vest after your Service has terminated for any reason.
NON-QUALIFIED STOCK OPTION AGREEMENT. THIS OPTION AGREEMENT is made as of the 1st day of May, 2009 (the “Option Date”), between Dais Analytic Corporation, a New York corporation (the “Company”), and Hxxxxx Xxxxxxxxxx, a consultant to the Company or one of its subsidiaries (the “Optionee”).
NON-QUALIFIED STOCK OPTION AGREEMENT. SCHEDULE A This Schedule A sets forth certain information and provisions referred to in the Non-Qualified Stock Option Agreement to which this Schedule A is appended.
NON-QUALIFIED STOCK OPTION AGREEMENT. THIS Non-Qualified Stock Option Agreement (“Award Agreement”) is made this 26 day of October, 2007, between 1st Pacific Bancorp (the “Company”) and A. Xxxxxxx Xxxxxxxxx (“Participant”) pursuant and subject to the provisions of the 1st Pacific Bancorp 2007 Omnibus Stock Incentive Plan (the “Plan”). Unless otherwise defined herein, all terms used in this Award Agreement that are defined in the Plan shall have the meaning as defined in the Plan.
NON-QUALIFIED STOCK OPTION AGREEMENT. (AUTOZONE OPTIONEE) This NON-QUALIFIED STOCK OPTION AGREEMENT (this "Agreement"), dated as of ____________, 2001, is made by and between AutoZone, Inc., a Nevada corporation (the "Company"), and the person identified as the "Optionee" on Schedule I, an employee of the Company ("Optionee") (together, the "Parties").
NON-QUALIFIED STOCK OPTION AGREEMENT. Option Number of Shares of Stock Option Price No. Subject to this Option: Per Share: $ THIS AGREEMENT, effective as of the day of , 20 (the “Award Date”), is between Xxxxx-Xxxxx, Inc., a Delaware corporation (hereinafter referred to as the “Corporation”), and (hereinafter referred to as the “Holder”). Capitalized terms used in this Agreement and not otherwise defined herein shall have the meaning set forth in the Plan (as defined below).
