OPTION TO ACQUIRE COMMON STOCK. Officer has been granted options, pursuant to and subject to the terms and conditions of Corporation's Equity Incentive Plan and the option agreements executed by and between Officer and the Corporation, to purchase certain shares of Corporation's Common Stock at the exercise price or prices stated in the option agreements. Such option agreements remain in effect in accordance with their terms and are unaffected by this Agreement. Any further options shall be granted at the sole discretion of the Corporation's Board of Directors.
OPTION TO ACQUIRE COMMON STOCK. 4.1. The Company hereby grants to Executive as a bonus an option to acquire one hundred (100,000) thousand (the "Bonus") fully paid and non-assessable shares of common stock, par value $0.01 per share (the "Common Stock") of the Company. The purchase price for each share of Common Stock acquired on exercise of the Bonus shall be $2.82. Executive may exercise his option to acquire thirty four (34,000) thousand shares on or after January 15, 2001, and thirty three (33,000) thousand shares on or after each of October 1, 2001, and October 1, 2002. If Executive is not employed by the Company at any of the three vesting dates, he shall not be entitled to exercise his option to acquire Common Stock attributable to that date. The Company shall at all times reserve for issuance and/or delivery such number of shares of its Common Stock as shall be required for issuance or delivery on exercise of the option granted as a Bonus. No fractional shares or scrip representing fractional shares shall be issued when the option is exercised. Common Stock issued on exercise of the Bonus option will not be registered under federal or state securities laws, and will have the status of restricted securities. Common Stock issued on exercise of the Bonus may not be sold or offered for sale in the absence of effective registration under such securities laws, or an opinion of counsel satisfactory to the Company that such registration under such securities laws, or an opinion of counsel satisfactory to the Company that such registration is not required. The Company will not include any Common Stock issued or issuable on exercise of the Bonus in any registration statement. Common Stock issued on exercise of the Bonus may be sold by the Executive in transactions permitted by the provisions of Rule 144 of the Securities Act of 1933, but notwithstanding the provisions of Rule 144, Executive agrees that he will not undertake any disposition of such Common Stock in the twelve month period beginning when sales under Rule 144 are permissible without the approval of a majority of the disinterested members of the Board of Directors of the Company. In case the Company shall at any time subdivide or combine the outstanding shares of Common Stock, the number of shares the Executive shall have the right to acquire on exercise of his Bonus shall be proportionately increased in the case of such subdivision or decreased in the case of such combination (on the date that such subdivision or combination s...
OPTION TO ACQUIRE COMMON STOCK. 4.1 The Company hereby grants to Executive as a bonus (the "Bonus Option"), a non-qualified stock option to acquire five hundred thousand (500,000) (fully paid and non-assessable shares of common stock, par value $0.01 per share (the "Common Stock") of the Company. The purchase price for each share of Common Stock acquired upon exercise of the stock options constituting the Bonus shall be $1.03/share. The options to acquire the 500,000 shares of Common Stock shall vest in accordance with the following vesting schedule: Executive may exercise his option to acquire one hundred sixty seven thousand (167,000) shares on or after April 9, 2001, his option to acquire one hundred sixty-seven thousand (167,000) shares on or after April 9 2002, and his option to acquire one hundred sixty-six thousand (166,000) shares after April 9, 2003. If the Executive is not employed by the Company on any of the three vesting dates, he shall no longer be entitled to exercise his option(s) to acquire Common Stock vesting on or after such date. Subject to the limitations set forth in this Agreement, the Executive may exercise the stock options constituting the Bonus, at any time prior to 5:00 PM (New York time) on April 9,2011 (the "Expiration Date"), upon notice to the Company at its principal office at 00000-0 Xxx Xxxxxxxx Xxxx, Xxxxxxxx, XX 00000-0000, Attention: Xxxxxxx X. Xxxx, President and Chief Executive Officer (or at such other location as the Company may advise the Executive in writing), after which time all unexercised options shall expire and be of no further legal force or effect.
OPTION TO ACQUIRE COMMON STOCK. Upon execution of this Agreement, the Company shall deliver to the consultant option to acquire to 500,000 shares of the Company's common stock in the form attached hereto as Exhibit B. The Consulting Fee Option shall be issued to the Consultant and include the following principal terms.
OPTION TO ACQUIRE COMMON STOCK. Effective as of May 6, 2002, Employee will be granted non-statutory stock options, pursuant to and subject to the terms and conditions of the Company's Equity Incentive Plan, to purchase (i) 100,000 shares of the Company's Common Stock at the exercise price of $6.51 per share, and (ii) 50,000 shares of the Company's Common Stock at the exercise price of $15 per share, all of such options to vest in three equal installments over a period of three years. Any further options shall be granted at the sole discretion of the Company's board of directors.
OPTION TO ACQUIRE COMMON STOCK. Officer shall be granted an option, pursuant to and subject to the terms and conditions of Corporation's Non-qualified Stock Option Plan and Equity Incentive Plan (the "Equity Incentive Plan") and the option agreement attached hereto as Exhibit B (the "Option Agreement") to purchase 50,000 shares of Corporation's Common Stock at an exercise price equal to the fair market value of the common stock on the date of this Agreement, such options to be incentive stock options to the extent permissible under Section 422 of the Internal Revenue Code. Any further options shall be granted at the sole discretion of the Corporation's Board of Directors.
OPTION TO ACQUIRE COMMON STOCK. The Company shall enter into, sign and deliver, or cause to be entered into, signed and delivered to Negor, any and all documents and instruments necessary or appropriate to vest in Negor the unfettered full and complete option to acquire, for and during that period of four (4) years following the date of acceptance by the Company of a commercial feasibility study and report for the Project, which study and report are sufficient to enable the Company to obtain any and all funds necessary or appropriate to finance the development and operation of the Project, that number of shares of the Company's $.001 par value common stock equal to the lesser of (a) two million (2,000,000) such shares, or (b) equal to ten percent (10%) of the then issued and outstanding shares of that common stock, at a purchase price of Five United States Dollars ($5.00) per share.
OPTION TO ACQUIRE COMMON STOCK. Officer will be entitled to non-statutory stock option (“Option”) grants to purchase shares of the Company’s Common Stock, such grants to occur at the time the Company determines, in the best interest of the Company, to grant Options, pursuant to and subject to the terms and conditions of Company’s Equity Incentive Plan. The exercise price of Officer’s Options will be determined upon the date the Company grants the Options. Officer’s Options, when granted by the Company, will vest over that period of time set forth in the Company’s Equity Incentive Plan. Any Options shall be granted at the sole discretion of the Company’s Board of Directors. Officer agrees to execute a Non-Statutory Stock Option Agreement (“Stock Option Agreement”) upon the date the Company grants the Options to Officer, the terms and conditions of which shall be in conformity with this Section 3.4.
OPTION TO ACQUIRE COMMON STOCK. Officer shall be granted the first date within above options, pursuant to and subject to the terms and conditions of the Equity Incentive Plan and the 250,000 option agreements executed by and between Officer and CIBER, Inc., to purchase certain shares of Common Stock of CIBER, Inc. at the exercise price or prices stated in the option agreements. Any further options shall be granted at the sole discretion of the Corporation's Board of Directors of CIBER, Inc. It is expected that Corporation will establish its own stock option program. Officer shall also be granted 250,000 options under Corporation's stock option plan as soon as it is adopted, but no later than December 31, 2000.
OPTION TO ACQUIRE COMMON STOCK. Officer has been granted options, pursuant to and subject to the terms and conditions of Corporation's Equity Incentive Plan and the option agreements executed by and between Officer and the Corporation, to purchase certain shares of Corporation's Common Stock at the exercise price or prices stated in the option agreements. Such option agreements remain in effect in accordance with their terms and are unaffected by this Agreement. Unless subsequently changed by the Corporation's Board of Directors, the Corporation will grant Officer options to acquire common stock in the Corporation for 200,000 shares at the first Board meeting in 2006 and 2007, at the then current market price, with vesting equal to 34% on the date of the grant and 22% on the next three anniversaries of the grant date. Any further options shall be granted at the sole discretion of the Corporation's Board of Directors.
