Options to Purchase Common Stock. Executive is granted unvested options to purchase 250,000 shares of the Company's common stock. The terms and conditions of the options are set forth in Exhibits A and B.
Options to Purchase Common Stock. (a) On May 15, 2007 the Employee was granted a stock option (“Option”) to purchase 130,200 shares of the Company’s Common Stock (as adjusted for any stock dividends, combinations or splits with respect to such shares, the “Shares”) pursuant to the Company 2007 Equity Incentive Plan (the “Plan”) at an exercise price of $15.00 per share (the “Exercise Price”).
Options to Purchase Common Stock. Executive is granted an option to purchase 150,000 shares of the Company's common stock. The terms and conditions of the option are set forth in Exhibit A.
Options to Purchase Common Stock. Simultaneous herewith the Company shall issue to Employee 300,000 common stock purchase options, each entitling Employee to purchase one share of the Company's common stock, $.01 par value per share, at a price of $.50 per share, and expiring on December 31, 2009; each such option to be evidenced by, and subject to the terms and conditions contained in, an Option Agreement in the form annexed hereto as Exhibit A.
Options to Purchase Common Stock. Upon the Effective Date, the Executive shall be granted options to purchase 10,000 shares of the Company's common stock at a price of $__ per share, which options shall be subject to the terms and provisions set forth in Attachment A hereto. In addition, the Executive shall be eligible for such other awards, if any, under the Company's stock option plan in effect as of the date hereof or any other stock option or other equity-based incentive plan as shall be granted to the Executive from time to time by the Board or its designee, in its sole discretion. All options granted pursuant to this Section 4(dl shall be referred to hereinafter as the "Executive Options".
Options to Purchase Common Stock. The Company will issue to the Consultant common stock options (the "Options"), pursuant to a Stock Option Agreement substantially in the form of EXHIBIT A attached hereto and hereby incorporated herein by reference, to purchase an aggregate of 40,000 shares of the Company's common stock at an exercise price of $6.00 per share, which Options shall vest and become exercisable as of the date hereof, and thereafter may be exercised at any time for 5 years, subject to any applicable lock-up arrangements.
Options to Purchase Common Stock. (a) Subject to the approval of the Company’s Board of Directors, the Employee will be granted an incentive stock option (“Option”) to purchase 310 shares of the Company’s Common Stock (as adjusted for any stock dividends, combinations or splits with respect to such shares, the “Shares”). The Option shall be exercisable at the fair market value of the Company’s Common Stock as of the date of grant (the “Exercise Price”). The fair market value of the Company’s Common Stock as of the grant date shall be determined as follows: (a) if such grant is made upon the initial public offering of the Company’s Common Stock (the “IPO”), the fair market value of the Company’s Common Stock will be deemed to be the initial per share price of such Common Stock as set by the underwriters immediately prior to the effective date of of the IPO (the “IPO Price”), or (b) if the IPO has not been consummated on or before July 1, 2007, the fair market value of the Company’s Common Stock will be determined based on an arms’ length valuation of the Company’s Common Stock. The Option shall be issued upon the pricing by the underwriters of the shares of Common Stock to be issued in the IPO; provided, however, if the IPO has not been consummated on or before July 1, 2007, the Company will begin the process of obtaining third party independent valuation of the Company’s Common Stock. In such event, the Option will be issued following receipt by the Company of a final report of such third party independent valuation. The Option will be subject to the terms and conditions of an equity incentive plan to be adopted by the Company (the “Plan”).
Options to Purchase Common Stock. (a) On the Commencement Date, the Company shall grant to Executive (i) an option (the “First Option”) to acquire Five Hundred Thousand (500,000) shares of the Company’s common stock, par value $.001 per share (the “Common Stock”) pursuant to the Company’s 2009 Stock Incentive Plan and (ii) an option (the “Second Option”, and together with the First Option, the “Options”) to acquire Five Hundred Thousand (500,000) shares of the Company’s Common Stock pursuant to the Company’s 2007 Stock Incentive Plan. The First Option will vest in equal monthly installments over a period of thirty six months commencing on January 31, 2010 and on the last day of each calendar month thereafter until fully vested and be subject to the terms and conditions of the Company’s 2009 Stock Incentive Plan and a stock option agreement substantially in the form annexed to this Agreement as Exhibit B. The Second Option will vest over a period of four years, with 25% of the Second Option vesting on the first anniversary of the date of this Agreement, and the remaining 75% vesting thereafter in equal monthly installments over a period of thirty six months commencing on January 31, 2011 and on the last day of each calendar month thereafter until fully vested. The Second Option will be subject to the terms and conditions of the Company’s 2007 Stock Incentive Plan and a stock option agreement substantially in the form annexed to this Agreement as Exhibit B. As a condition to receiving the Options, Executive shall execute and deliver to the Company the stock option agreements. Notwithstanding the foregoing, if a Change of Control (as defined herein) occurs while Executive is employed with the Company, and Executive’s employment is terminated by the Company other than for Disability, death or cause (as defined herein) or by Executive for good reason (as defined herein) within three (3) months before or six (6) months after the effective date of the Change of Control, all Options will automatically vest immediately prior to the termination of Executive’s employment and shall remain exercisable for a period of one (1) year after such termination.
Options to Purchase Common Stock. (a) Subject to the approval of the Company’s Board of Directors, upon the initial public offering of the Company’s Common Stock (the “IPO”), the Employee will be granted an incentive stock option to purchase that number of shares of the Company’s Common Stock (the “Shares”) as determined by the Board of Directors (the “Option”). The Option shall be exercisable at a purchase price per share equal to the initial public offering price of the Company’s Common Stock as set by the underwriters immediately prior to the effectives of the IPO. The Option will be subject to the terms and conditions of an equity incentive plan to be adopted by the Company prior to the IPO (the “Plan”).
Options to Purchase Common Stock. Subject to approval of the Board of Directors, Brite shall grant Employee an option to purchase 10,000 shares of Brite's common stock. The terms of such option grant shall be set forth in a stock option agreement, with the stock price being established at the close of business on the grant date. The stock option agreement shall provide that the options granted thereunder shall vest ratably over a four year period, subject to the terms of the Company's 1994 Stock Option Plan. 3.
