Options to Purchase Common Stock Sample Clauses

Options to Purchase Common Stock. Executive is granted options to purchase 350,000 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 the Commencement Date, the Company shall grant to Employee (i) an option (the “Option”) to acquire Two Hundred and Fifty Thousand (250,000) shares of the Company’s common stock, par value $.001 per share (the “Common Stock”) pursuant to the Company’s 2009 Stock Incentive Plan. The Option will vest in equal monthly installments over a period of thirty six months commencing on May 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. As a condition to receiving the Option, Employee shall execute and deliver to the Company the stock option agreement. Notwithstanding the foregoing, if a Change of Control (as defined herein) occurs while Employee is employed with the Company, and Employee’s employment is terminated by the Company other than for Disability, death or cause (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 Employee’s employment and shall remain exercisable for a period of one (1) year after such termination. (b) As provided in the stock option agreement, any portion of the Option that remains unvested at the time of termination of Employee’s employment (the “Unvested Portion”) shall be extinguished and cancelled and Employee shall have no rights or benefits whatsoever with respect to the Unvested Portion. Employee represents and warrants that he is acquiring the Option and the shares of Common Stock issuable upon exercise thereof for investment purposes only, and not with a view to distribution thereof. Employee is aware that the Option and such shares may not be registered under the federal or any state securities laws and that, in addition to the other restrictions, the Option and such shares issuable upon exercise thereof will not be able to be transferred unless an exemption from registration is available or the Option or such shares become registered.

Options to Purchase Common Stock. Executive is granted unvested options to purchase 400,000 shares of the Company’s common stock. The terms and conditions of the options 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. On May 15, 2007 the Employee was granted a stock option (“Option”) to purchase 259,980 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. 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. (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”). (b) The vesting of the option and the other terms and conditions governing the Option are set forth in the notice of grant of the Option. (c) For all purposes of this Agreement, “Change in Control” shall mean any of the following transactions:

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.

Options to Purchase Common Stock. In addition to his compensation in Section IV of this agreement, Employer shall deliver to Employee options to purchase the common stock of Employer, which options are in the form of Exhibit "A", attached and incorporated by reference, according to the following schedule: (1) Options on 50,000 shares at 0.15 CAN with contract for sale of system one. (2) Options on 50,000 shares at 0.15 CAN with contract for sale of second system. (3) Options on 100,000 shares at 0.15 CAN at meeting quota before July 31, 2001. If quota is missed and company achieves $10,000,000 CAN from worldwide orders before July 31, 2001 Options on 50,000 will be awarded. (4) Options are vested for two years from date of granting.

Options to Purchase Common Stock. Executive is granted an option vesting in annual increments to purchase 150,000 shares of the Company's common stock.