Common use of Options/Rights Clause in Contracts

Options/Rights. Restricted Stock and Incentive Shares may be granted or awarded only to Employees and Directors, provided, however, that Directors, other than Employee Directors, may not be granted Incentive Stock Options. A Director, Employee or Employee Director who has been granted an Option or Right or awarded Restricted Stock or Incentive Shares may be granted additional Options and Rights or awarded additional shares of Restricted Stock or Incentive Shares.

Appears in 3 contracts

Samples: Long Term Incentive Plan (Talk Com), 1998 Long Term Incentive Plan (Tel Save Com Inc), 1998 Long Term Incentive Plan (Influence Inc)

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Options/Rights. Restricted Stock and Incentive Shares may be granted or awarded only to Employees and Directors, provided, however, that Directors, other than Employees. An Employee Directors, may not be granted Incentive Stock Options. A Director, Employee or Employee Director who has been granted an Option or Right or awarded Restricted Stock or Incentive Shares may be granted additional Options and Rights or awarded additional shares of Restricted Stock or Incentive Shares.

Appears in 2 contracts

Samples: 2001 Non Officer Long Term Incentive Plan (Talk America), 2001 Non Officer Long Term Incentive Plan (Talk America)

Options/Rights. Restricted Stock and Incentive Shares may be granted or awarded only to Employees and DirectorsEmployees, provided, however, that Directors, other than Employee Directors, may not be granted Incentive Stock Options. A Director, Employee Directors or Employee Director who has been granted an Option or Right or awarded Restricted Stock or Incentive Shares may be granted additional Options and Rights or awarded additional shares of Restricted Stock or Incentive SharesConsultants.

Appears in 1 contract

Samples: Long Term Incentive Plan (It Partners Inc)

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Options/Rights. Restricted Stock and Incentive Shares may be granted or awarded only to Employees and Directors, provided, however, that Directors, other than Employee Directors, may not be granted Incentive Stock Options. A Director, Employee or Employee Director who has been granted an Option or Right or awarded Restricted Stock or Incentive Shares may be granted additional Options and Rights or awarded Restricted Stock or Incentive Shares may be granted additional shares of Options and Rights or awarded additional Restricted Stock or Incentive Shares.

Appears in 1 contract

Samples: Long Term Incentive Plan (Meridian Medical Technologies Inc)

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