Other Option Terms Sample Clauses
Other Option Terms. The Option has been granted pursuant to the Plan, and the terms and conditions of the Plan are incorporated by reference in this Agreement as though set forth herein in their entirety.
Other Option Terms. The other terms of each option granted pursuant to this Section 11 shall be as follows:
Other Option Terms. The stock issued pursuant to this Plan is subject to restrictions on transfer of shares. The options may not be exercised by the Employee unless in accordance with the laws of the State of California and the Securities Act of 1933, as amended. Employee understands that the Corporation is under no obligation to register, list or qualify the shares to effect such a compliance. Any option granted pursuant to the Plan shall contain any other terms or conditions that the Board of Directors and/or the Corporation's legal counsel deem necessary.
Other Option Terms. The Option has been granted pursuant to the Plan, and the terms and conditions of the Plan are incorporated by reference in this Agreement as though set forth herein in their entirety. The Option is a "Non-Statutory Stock Option" as defined in the Plan. If your relationship with the Corporation (or a Subsidiary) terminates for a reason other than death, voluntary termination with the written consent of the Corporation (or a Subsidiary) or involuntary termination without cause, the Option shall terminate immediately. If your relationship with the Corporation terminates because of death, voluntary termination with written consent of the Corporation (or a Subsidiary) or involuntary termination without cause, the Option shall be exercisable to the extent permitted by Section 7 of the Plan; provided, however, that if you engage in the operation or management of a business (whether as owner, partner, officer, director, employee or otherwise) which is in competition with the Corporation (or a Subsidiary), the Administrator in its sole discretion may immediately terminate the Option. Subject to the foregoing and the provisions of the Plan, the Option may be exercised at your election, in whole or in part, at any time prior to its expiration. The Option may be exercised by (a) delivery of written notice to the Corporation setting forth your election to exercise and the number of shares of Common Stock to be purchased and (b) payment of the purchase price for the shares to be purchased. The notice must be dated and signed by the person exercising the Option. If the Option is exercised by someone other than you, the notice must be accompanied by proof, satisfactory to the Administrator, of the right of such person(s) to exercise the Option under the Plan. The date of exercise of the Option is the date on which the notice of exercise, proof of right to exercise (if required) and payment of the exercise price are received by the Corporation at its principal executive office, to the attention of the Corporation's Secretary. As of the date of exercise, you will be considered by the Corporation for all purposes to be the owner of the shares of Common Stock purchased, subject to the terms set forth in this Agreement.
Other Option Terms. Both the Initial Option and Second Option (collectively, “Both Options”) shall also be subject to the terms and conditions specified in this Section 3(c). Both Options have ten year terms unless they expire earlier in connection with your termination of service to the Company. Both Options were granted under the Company’s 1999 Stock Plan, as may be amended from time to time (the “Stock Plan”). Both Options are subject to the further terms and conditions of the Stock Plan, the stock option agreements and restricted stock purchase agreements, if applicable, to be entered into between you and the Company.
Other Option Terms. The stock options originally granted by RPP Inc. and RSM Inc. shall otherwise continue in accordance with their respective terms and conditions, subject only to the express vesting modifications set forth in this Section 4.f. Without limiting the generality of the preceding sentence, any stock options originally granted by RPP Inc. and RSM Inc. shall continue to be subject to the limited post-termination of employment exercise period(s) set forth in the applicable stock option agreements; provided that as to any stock options that vest pursuant to Section 4.f(ii) after the date Executive’s employment by the Company terminates, such post-termination of employment exercise period(s) shall be deemed to commence as of the vesting date of such options.
Other Option Terms. During the two-year continuation of employment period, options will continue to be subject to terms of the option agreements under which they were granted. Medical Insurance: Coverage through employment or August 31, 2007, whichever is later; Xxxxxx cost to be calculated on the same basis as other Entegris employees. Automobile: Xxxxxx shall be entitled to use his company-owned vehicle until October 31, 2005, at which time he may either buy it at the value at which it is carried on the books of Entegris or return it to the company. 401(k) Plan: Xxxxxx waives participation as of August 6, 2005, but retains distribution rights as specified in plan documents. Office Support: Xxxxxx shall receive administrative support for approved travel and assigned duties and shall submit expenses and receive reimbursement in customary employee fashion. He shall additionally remain entitled to ongoing use of a laptop computer and Blackberry or other hand-held device provided by Entegris, subject to the right of Entegris to modify access to company information in its discretion. Home Office: One-time allowance of $2,000.00. Legal Expenses: Entegris shall pay Xxxxxx’x legal fees in completing this Agreement in an amount not to exceed ten hours of total time at standard rates.
Other Option Terms. Except as specifically set forth herein, on or before the Expiration Date, the Option for Vested Shares may be exercised in whole or in part at any time and from time to time. The Option may be The option price upon exercise of all or part of the Option must be paid in full in United States Dollars in cash (by check, bank draft and money order). The date of exercise of the Option is the date on which the notice of exercise, proof of right to exercise (if required) and payment in full for the Shares to be purchased are received by the Company at its office located at 507 Xxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxxx 00000, xx the attention of the Company's Corporate Secretary. As of the date of exercise, you will be considered by the Company for all purposes to be the owner of the Shares purchased, subject to the terms set forth in this Agreement.
Other Option Terms. The exercise price per share of each option granted under this Subsection (d) shall be equal to the fair market value per share of the Company's Common Stock on the date of grant. The term of each such option shall be 10 years, provided that each such option may expire earlier if the Employee's Employment terminates, but not less than (A) 3 months after the termination of his Employment for any reason other than death or disability; (B) 12 months after termination of his Employment because of death; and (C) 6 months after termination of his Employment because of his total and permanent disability. All share numbers set forth in this Subsection (d) shall automatically be adjusted to reflect stock splits, stock dividends, reverse stock splits, and similar events.