Option Bonus. In the event the Executive is entitled to benefits pursuant to Section 4 (a)(i), then, in addition to the benefits provided above, the Company shall also pay the Executive a cash bonus in an amount equal to the aggregate option exercise price attributable to the Executive's then outstanding Company stock options. Such bonus shall be paid in a lump sum within ten (10) business days after the Termination Date.
Option Bonus. The Executive shall be entitled to receive an option to purchase not less than 25,000 shares of the Company's common stock, exercisable at the fair market price, for each month the Company has net income before income taxes and extraordinary items, as computed in accordance with GAAP (the "Bonus Options"). The Bonus Options shall vest during the remaining term of the Executives employment Agreement, and will expire not less than five (5) years from the date of grant.
Option Bonus. Subject to the conditions and performance goals set forth below, the Company hereby grants, pursuant to the Plan, to the Executive on the Effective Date an incentive stock option to purchase up to 300,000 shares of the common stock of the Company at a strike price equal to the closing share price for the Company’s common stock as reported on the national exchange on which the Company’s share price is reported at the close of trading on the Effective Date, which shall become exercisable as follows: (a) executive’s option to purchase up to 100,000 shares of Company common stock shall vest and become exercisable upon the first anniversary of the Effective Date; (b) Executive’s option to purchase up to 100,000 shares of Company common stock shall vest and become exercisable upon the second anniversary of the Effective Date, and (c) Executive’s option to purchase up to 100,000 shares of Company common stock shall vest and become exercisable upon the third anniversary of the Effective Date.
Option Bonus. In consideration of Employee's agreement not to compete as set forth in Section 4, Employee shall be granted options to purchase a total of 300,000 shares of Employer's unregistered and restricted common stock, exercisable for five years from the date of grant, subject to vesting during the Term of Employment. The first 60,000 options shall vest October 1, 2000, and the remaining options shall vest in equal increments over the subsequent four years during the Term of Employment. The exercise price of the first 60,000 options shall be $.15 per share. The exercise price of the remaining 240,000 options shall be equal to a 50% discount from the closing bid price of the common stock on the last trading date immediately preceding each vesting. In the event Employee no longer serves as an employee of Employer on a continuous basis through each vesting period, the unvested options shall terminate immediately upon the termination of Employee's Term of Employment.
Option Bonus. In the event the Executive is entitled to benefits pursuant to Section 2 and Section 11, then, in addition to the benefits provided above, the Company shall also pay the Executive a cash bonus in an amount equal to the aggregate options exercise price attributable to the Executive's then outstanding Company stock options. Such bonus shall be paid in a lump sum within ten (10) business days after the Termination Date.
Option Bonus a. Executive shall receive a grant of Forty Thousand (40,000) incentive stock options under the Company's 2008 Omnibus Incentive Plan for achievement of 32 RIO customer acceptance installations (stretch metric).
Option Bonus a. Employee shall receive a grant of Forty Thousand (40,000) incentive stock options under the Company’s 2008 Omnibus Incentive Plan for achievement of 100 points or more.
Option Bonus. In addition to salary, Employee is hereby granted an option ("Stock Option") to purchase 24,000 shares of the Company's Common Stock at an exercise price of $16.50 per share. The Stock Option shall be further defined in an option agreement to be entered into between the Employee and the Company, which shall contain anti-dilution provisions substantially similar to those other in option agreements for officers of the Company (but the failure to so enter into such an additional agreement shall not affect the binding nature of the Stock Option as of the date hereof). The Option shall be exercisable one-third on March 1, 1996, one-third on March 1, 1997 and one-third on March 1, 1998. Each installment of the Stock Option shall continue to be exercisable for five years after the first date such installment first becomes exercisable. Employee shall be entitled to participate in the Company's Management Bonus Program anticipated to be established by the Company with an initial targeted bonus of $20,000 (or, if higher, 16.7% of Employee's actual base compensation paid to Employee for the prior twelve months) (hereafter the "Management Bonus Program").
Option Bonus. Subject to the conditions and performance goals set forth below, the Company hereby grants, pursuant to the Plan, to the Executive on the Effective Date a non-statutory option (the “Option Bonus”) to purchase up to 1,500,000 shares of the common stock of the Company at a strike price equal to the closing share price for the Company’s common stock as reported on the national exchange on which the Company’s share price is reported at the close of trading on the Effective Date (which is agreed to be $• per share on the Effective Date), which shall become exercisable as follows:
