Options Grant. Pursuant to the Holding Company’s 2002 Stock Option Plan (the “Plan”), the Holding Company hereby grants to Executive five (5) separate nonqualified stock options (each an “Option” and individually referred to as the “First Option,” the “Second Option,” the “Third Option,” the “Fourth Option,” and the “Fifth Option”), to purchase 2,197.80 (the “Base Amount”) shares of Common (the “Option Shares”) (which number may be adjusted as provided in the Plan), at a price per share of $1.00 (the “Exercise Price”). The stock options so granted shall not be intended to be “incentive stock options” within the meaning of Section 422 of the Internal Revenue Code.
Options Grant. The Company hereby grants to Executive options to purchase (x) 33,333 shares of Class L Common ("Class L Option Shares") at an exercise price of $13.50 per share (the "Class L Exercise Price") and (y) 300,000 shares of Class A Common ("Class A Option Shares"; and together with the Class L Option Shares, the "Option Shares") at an exercise price of $.1667 per share (the "Class A Exercise Price"). The Class L Exercise Price and the Class A Exercise Price are collectively referred to herein as "Option Prices" and individually as an "Option Price". The Options will be immediately exercisable and, subject to earlier expiration as provided in subsection 1(b) below, will expire on the Expiration Date. The Options are not intended to be "incentive stock options" within the meaning of Section 422A of the Internal Revenue Code of 1986, as amended.
Options Grant. Parent Company grants to Executive an option to purchase 120,000 shares of the common stock of Parent Company, subject to the provisions set forth in this subsection (d) if, during the term of this Agreement, Executive increases Company's earnings and revenue growth as set forth herein. The option shall vest as follows:
(i) if earnings growth for any fiscal quarter during the first twelve month period following execution of this Agreement equals or exceeds 20% (as computed using generally accepted accounting principles), Executive shall be entitled to purchase 1,000 shares of Parent Company's common stock at a price of $4.00 per share; if revenue growth for any fiscal quarter during the first twelve month period following execution of this Agreement equals or exceeds 20% (as computed using generally accepted accounting principles), Executive shall be entitled to purchase 1,500 shares of Parent Company's common stock at a price of $4.00 per share
(ii) if earnings growth for any fiscal quarter during the first twelve month period following execution of this Agreement equals or exceeds 30% (as computed using generally accepted accounting principles), Executive shall be entitled to purchase an additional 1,000 shares of Parent Company's common stock at a price of $4.00 per share; if revenue growth for any fiscal quarter during the first twelve month period following execution of this Agreement equals or exceeds 30% (as computed using generally accepted accounting principles), Executive shall be entitled to purchase an additional 1,500 shares of Parent Company's common stock at a price of $4.00 per share
(iii) if earnings growth for any fiscal quarter during the second twelve month period following execution of this Agreement equals or exceeds 20% (as computed using generally accepted accounting principles), Executive shall be entitled to purchase 1,000 shares of Parent Company's common stock at a price of $5.00 per share; if revenue growth for any fiscal quarter during the second twelve month period following execution of this Agreement equals or exceeds 20% (as computed using generally accepted accounting principles), Executive shall be entitled to purchase 1,500 shares of Parent Company's common stock at a price of $5.00 per share
(iv) if earnings growth for any fiscal quarter during the second twelve month period following execution of this Agreement equals or exceeds 30% (as computed using generally accepted accounting principles), Executive shall be entit...
Options Grant. The Company has awarded key management of the Company 300,000 options, pursuant to the Company's Stock Option Plan, exercisable at a price of $0.50 per common share, vesting in December 2020.
Options Grant. On the Effective Date, the Executive will receive stock options to purchase 1,000,000 (one million) shares of the common stock of the Company, $0.001 par value per share (the "Options"; "Common Stock"). To the maximum extent possible under applicable tax rules and regulations then in effect, the Options will be incentive stock options within the meaning of section 422(b) of the Internal Revenue Code of 1986, as amended, for federal income tax purposes, and the balance, if any, of the Options will be non-qualified stock options.
Options Grant. The Company shall recommend to the Board that the Executive be granted options to purchase 900,000 shares of Stock (the “Options”) as soon as reasonably practicable following the execution of this Agreement. The Options shall have an exercise price equal to the Fair Market Value of the shares of Stock on the date of grant and shall consist of the following: (i) 600,000 shares subject to the Options shall have time-based vesting terms (the “Time Based Options”) with one-third of such shares vesting on each yearly anniversary of the date of grant, and (ii) 300,000 shares subject to the Options shall have performance-based vesting terms (the “Performance-Based Options”) with (a) one-third of such shares vesting when the trading price target of $3.50 per share is met in accordance with the applicable option agreement, (b) an additional one-third of such shares vesting when the trading price target of $5.00 per share is met in accordance with the applicable option agreement, and (c) the remaining one-third of such shares vesting when the trading price target of $6.50 per share is met in accordance with the applicable option agreement. The forms of such option agreements for the Time-Based Options and the Performance-Based Options are attached hereto as Exhibit A hereto.
Options Grant. The Company shall, upon the earlier of the Effective or the date when the Company’s 2020 Share Incentive Plan (the “Plan”) is amended to increase the number of shares of common stock available for grant,, grant Executive up to 275,000 (Two hundred seventy five thousand) options (the “Options”) to purchase common stock of the Company with an exercise price of $.001 per share. The Options shall vest equally over five years at the rate of one-fifth (1/5th) beginning on the first anniversary date of the Effective Date. No Options shall vest after the termination of Executive’s employment and any unvested Options shall be forfeited upon the termination of Executive’s employment. All terms of the Options granted under this Agreement shall be governed by the Plan. Insofar as the Plan and this Agreement conflict, the terms of the Plan shall govern.
Options Grant. The Company hereby grants to Executive options to ------------- purchase (x) 229,922 shares of Class A Common ("Class A Option Shares") at an --------------------- exercise price of $0.044 per share (the "Class A Exercise Price") and (y) 25,547 ---------------------- shares of Class L Common ("Class L Option Shares" and together with the Class A --------------------- Option Shares, the "Option Shares") at an exercise price of $3.60 per share (the ------------- "Class L Exercise Price"). The Class A Exercise Price and the Class L Exercise ---------------------- Price are collectively referred to herein as "Option Prices" and individually -------------- as "Option Price". The option to purchase Class A Option Shares may be ------------ exercised independently of the option to purchase Class L Option Shares, and likewise the option to purchase Class L Option Shares may be exercised independently of the option to exercise Class A Option Shares. The Options will be immediately exercisable and, subject to earlier expiration as provided in subsection 1(b) below, will expire on the Expiration Date. The Options are not intended to be "incentive stock options" within the meaning of Section 422A of the Code.
Options Grant. Xxxxx shall receive "non-qualified" options to purchase all, or any portion of, One Hundred Thousand (100,000) shares of Derma common stock at a
Options Grant. This Agreement shall evidence the grant and award to Optionee under the NQSO Plan of Options to purchase 500,000 shares of the voting Common Stock of the Company. The Option Price is $0.38 per share which was the closing price of the Common Stock on September 25, 2018. Unless otherwise agreed to in the attached Employment Agreement or in writing under a separate written agreement executed by the Parties, the Options are exercisable during a period of ten (10) years from the Effective Date and shall vest 33.33% annually, commencing one (1) year from the Effective Date. The Options are exercisable, in whole or in part or from time to time during the aforesaid term. Additionally, any option rights acquired by Optionee from third parties shall be in addition to the aforementioned Options Grants (“Assigned Options”). The Assigned Options: (a) shall be governed by a separate assignment agreement between Optionee and the assignor; (b) that are vested at the time of assignment shall likewise be vested in favor of Optionee; (c) that are not vested at the time of assignment shall shall be subject to the vesting schedule under this section; and (d) notwithstanding the exercise dates and terms applicable to assignor, the Optionee (as assignee of the options) shall exercise any such assigned options in accordance with this section. AINOS INC Employment Agreement – Effective August 1 2021 LAXXXXXX XXX
