Performance-Based Stock Option Grant Sample Clauses

Performance-Based Stock Option Grant. Subject to the Executive’s achievement of predefined strategic goals or milestones, as determined by the Company Board’s compensation committee and approved by the Parent Board and subject to the Executive’s fulfillment of agreed-upon milestones, the Company expects in the future to grant Executive an option to purchase up to 65,612 ADSs (the “Performance Option Shares”), which the Company represents and warrants constitute up to O.5% of the number of ADSs of Parent issued and outstanding on a fully-diluted basis as of the Effective Date (including the Option Shares granted to Executive). Once granted, the Performance- Based Option Shares will be subject to vesting, in three independent equal tranches.
Sample 1Sample 2
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Performance-Based Stock Option Grant. Subject to the approval of the Board and contingent upon approval by the stockholders of the Company of the amendment to the 1999 Plan, the Company shall grant a nonqualified stock option to Executive to purchase 750,000 shares of the common stock of the Company, subject to the terms and conditions of the 1999 Plan and the corresponding Stock Option Agreement issued to Executive (the “Performance-based Option”). The per share exercise price of the Performance-based Option shall be equal to the greater of (i) $1.25 or (ii) the Fair Market Value of one share of the Company’s common stock (as determined under the Stock Plan) on the date of grant. The Performance-based Option is not intended to qualify as an “incentive stock option” within the meaning of Section 422 of the Code. One hundred percent (100%) of the shares subject to the Performance-based Option shall vest on the sixth anniversary of the Employment Date; provided, however, that the vesting of the Performance-based Option shall accelerate as follows: (i) 187,500 shares subject to the Performance-based Option shall vest on the tenth (10th) consecutive market trading day that the daily market closing price of the Company’s common stock is at or above $7.50 per share (adjusted for post-grant splits). (ii) 187,500 shares subject to the Performance-based Option shall vest on the tenth (10th) consecutive market trading day that the daily market closing price of the Company’s common stock is at or above $10.00 per share (adjusted for post-grant splits). (iii) 187,500 shares subject to the Performance-based Option shall vest on the tenth (10th) consecutive market trading day that the daily market closing price of the Company’s common stock is at or above $15.00 per share (adjusted for post-grant splits). (iv) 187,500 shares subject to the Performance-based Option shall vest on the tenth (10th) consecutive market trading day that the daily market closing price of the Company’s common stock is at or above $20.00 per share (adjusted for post-grant splits).
Sample 1
Performance-Based Stock Option Grant. Number of Stock Options: __________ Option Exercise (Grant) Price: $4.41 Expiration Date: 5/2/21 Performance Conditions for vesting: 40% when the Fair Market Value of a share of Common Stock determined as the average of all such Closing Prices over any 30 consecutive trading days equals or exceeds $8/sh = ________; 40% when the Fair Market Value of a share of Common Stock determined as the average of all such Closing Prices over any 30 consecutive trading days equals or exceeds $12/sh = ________; and 20% when the Fair Market Value of a share of Common Stock determined as the average of all such Closing Prices over any 30 consecutive trading days equals or exceeds $16/sh = _________. $8 ($8-$4.41) x _______ = __________ $12 ($12-$4.41) x _______ = __________ $16 ($16-$4.41) x _______ = __________ Vesting Schedule: See Performance Conditions Above and must vest by 5/2/15.
Sample 1
Performance-Based Stock Option Grant. On the first trading day in July 2012, Executive will be granted a stock option to purchase 297,500 shares of Company common stock (the “$15 Performance-Based Option Grant”). Subject to accelerated vesting upon certain terminations of employment as set forth herein, the $15 Performance-Based Option Grant will be scheduled to vest as to 100% of the covered shares on June 25, 2015, but only if the Company’s stock price (adjusted for any stock splits occurring after the Effective Date) has previously attained a closing price on the Nasdaq National Market of $15 or more over any sixty consecutive trading day period (the “$15 Performance Milestone”). If the $15 Performance Milestone has not been achieved by June 25, 2015, the $15 Performance-Based Option Grant shall still vest 100% upon the subsequent date, if any, upon which the $15 Performance Milestone has been achieved prior to June 25, 2017. If the $15 Performance Milestone has not been achieved by June 25, 2017, the $15 Performance-Based Option Grant will not vest and shall be forfeited in its entirety. Vesting is also subject to Executive remaining a Service Provider through the vesting date. Subject to accelerated vesting upon certain terminations of employment as set forth herein, Executive’s $15 Performance-Based Option Grant will otherwise have the standard terms and conditions of the Company’s form stock option agreement under the 2006 Equity Incentive Plan.
Sample 1
Performance-Based Stock Option Grant. On the first trading day in July 2012, Executive will be granted a stock option to purchase 297,500 shares of Company common stock (the “$16-$20 Performance-Based Option Grant”). Subject to accelerated vesting upon certain terminations of employment as set forth herein, the $16-$20 Performance-Based Option Grant will be scheduled to vest as to 100% of the covered shares on June 25, 2015; provided, however, that no shares shall vest on such date unless the Company’s stock price (adjusted for any stock splits occurring after the Effective Date) attains a closing price on the Nasdaq National Market of: · $16 or more for any sixty consecutive trading days during the period commencing on the Effective Date and terminating on June 25, 2015 (the “Option Performance Period”), in which case the $16-$20 Performance-Based Option Grant will vest as to 20% of the shares subject thereto, rounded down to the nearest whole share. · $17 or more for any sixty consecutive trading days during the Option Performance Period, in which case the $16-$20 Performance-Based Option Grant will vest as to an additional 20% of the shares subject thereto, rounded down to the nearest whole share. · $18 or more for any sixty consecutive trading days during the Option Performance Period, in which case the $16-$20 Performance-Based Option Grant will vest as to an additional 20% of the shares subject thereto, rounded down to the nearest whole share. · $19 or more for any sixty consecutive trading days during the Option Performance Period, in which case the $16-$20 Performance-Based Option Grant will vest as to an additional 20% of the shares subject thereto, rounded down to the nearest whole share. · $20 or more for any sixty consecutive trading days during the Option Performance Period, in which case the $16-$20 Performance-Based Option Grant will vest as to 100% of the remaining unvested shares subject thereto. If the $16-$20 Performance-Based Option Grant has not vested, or has only partially vested by June 25, 2015, the $16-$20 Performance-Based Option Grant shall still vest additionally if and to the extent the related performance milestones set forth above are achieved prior to June 25, 2017. To the extent that the $16-$20 Performance-Based Option Grant has not vested by June 25, 2017, any portion of the $16-$20 Performance-Based Option Grant that has not vested as of such date will not vest and shall be forfeited. Vesting is also subject to Executive remaining a Service Provider through...
Sample 1
Performance-Based Stock Option Grant. Subject to the approval of the Board, the Company shall grant a nonstatutory stock option to Executive to purchase 300,000 shares of the common stock of the Company, subject to the terms and conditions of the Company's 2000 Equity Incentive Plan and the corresponding Stock Option Agreement issued to Executive (the "Performance-based Option"). The exercise price of the Performance-based Option shall be equal to the market closing price of the underlying common stock on the trading day before the date of grant. The Performance-based Option is not intended to qualify as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. One hundred percent (100%) of the shares subject to the Performance-based Option shall vest on December 31, 2008; provided, however, that the vesting of the Performance-based Option shall accelerate as follows: (I) 100,000 shares subject to the Performance-based Option shall vest: (1) on the twentieth (20th) market trading day out of any twenty-five (25) consecutive market trading days that the daily market closing price of the Company's common stock is at or above $30.00 per share (adjusted for post-grant splits), if such milestone is achieved after the second anniversary of the date of grant but on or before December 31, 2006; or (2) on the twentieth (20th) market trading day out of any twenty-five (25) consecutive market trading days that the daily market closing price of the Company's common stock is at or above $30.04 per share (adjusted for post-grant splits), if such milestone is achieved during calendar year 2007; or (3) on the twentieth (20th) market trading day out of any twenty-five (25) consecutive market trading days that the daily market closing price of the Company's common stock is at or above $34.24 per share (adjusted for post-grant splits), if such milestone is achieved during calendar year 2008. (II) 100,000 shares subject to the Performance-based Option shall vest: (1) on the twentieth (20th) market trading day out of any twenty-five (25) consecutive market trading days that the daily market closing price of the Company's common stock is at or above $30.00 per share (adjusted for post-grant splits), if such milestone is achieved after the second anniversary of the date of grant but on or before December 31, 2006; or (2) on the twentieth (20th) market trading day out of any twenty-five (25) consecutive market trading days that the daily market closing price of the...
Sample 1
Performance-Based Stock Option Grant. The Company shall grant a stock option to Executive to purchase up to 1,000,000 shares of the common stock of the Company (the "Performance-based Option"), subject to the approval of the Board or the Compensation Committee, and subject to the terms and conditions of the Company's Amended 1999 Equity Incentive Plan and/or the Company's 1998 Stock Option/Stock Issuance Plan, as amended and restated and the Stock Option Grant Notice and Stock Option Agreement issued to Executive. One hundred percent (100%) of the shares subject to the Performance-based Option shall vest on the sixth (6th) anniversary of the date of grant; provided, however, that the vesting of the Performance-based Option shall accelerate upon the achievement of certain performance goals, which goals shall be similar in nature to the performance goals relating to the Discretionary Bonus described in Section 3 hereof. The exercise price of the Performance-based Option shall be equal to the closing price of the underlying common stock on the date of grant, which shall not be more than ninety (90) days from the Effective Date, unless mutually agreed by the Company and Executive. The option will terminate ten (10) years from the date of grant unless sooner terminated due to Executive's termination of employment. The performance goals, achievement of which will result in accelerated vesting, shall be determined within ninety (90) days of the Effective Date. Executive and the Company hereby agree to act in good faith to determine such performance goals. The Board, from time to time in its sole discretion, may award additional performance-based options to Executive in amounts and subject to performance goals as determined by the Board in its sole discretion. In the event of Executive's termination of employment other than for Cause (as defined below), Executive shall have one (1) year from his date of termination to exercise the vested portion of his Performance-based Option.
Sample 1
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Performance-Based Stock Option Grant. A grant of stock options under the Plan exercisable for up to 550,331 shares of common stock of MEDNAX (the “2020 Option”), subject to the terms of the Plan and an award agreement in the form attached hereto as Exhibit D. The 2020 Option shall be a nonqualified stock option and will have an exercise price per share equal to the Fair Market Value (as defined in the Plan) of one share of common stock of MEDNAX on the date of grant.
Sample 1

Related to Performance-Based Stock Option Grant

  • Stock Option Award In the event of Employee’s involuntary Termination of Employment without Cause or Termination of Employment due to a resignation by Employee for Good Reason that, in either case, occurs on or before the second anniversary of a Change in Control, the Stock Option Award shall become exercisable immediately (whether or not previously exercisable) and shall remain exercisable for the three year period following such Termination of Employment. For this purpose, “Good Reason” has the same meaning determined by Employee’s written employment agreement in effect on the Grant Date. In the event there is no such agreement or definition, then Good Reason means the initial existence of one or more of the following conditions, arising without the consent of the Employee: (1) a material diminution in Employee’s base compensation; (2) a material diminution in Employee’s authority, duties, or responsibilities, so as to effectively cause Employee to no longer be performing the duties of his position; (3) a material diminution in the authority, duties, or responsibilities of the supervisor to whom Employee is required to report.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Stock Option Grants Pursuant to the following terms and conditions, the Executive shall be eligible to participate in Holdings’ stock option plan and Holdings agrees as follows: i. Holdings shall establish a stock option plan (“Stock Option Plan”) providing for grants of options (the “Stock Options”) to purchase the common stock of BD Investment Holdings Inc., par value $0.01 (the “Buyer Common Stock”) in amounts not less than (i) 2% of the Buyer Common Stock (on a fully-diluted post-exercise basis) in the aggregate per year for all executives, employees and financial advisors of the Company and its subsidiaries, including the Executive selected by the Board after consultation with, and based on the recommendation of, the CEO, for the calendar years beginning on January 1, 2008 and January 1, 2009 and (ii) 2.5% of the Buyer Common Stock (on a fully-diluted post-exercise basis) in the aggregate per year for all executives, employees and financial advisors of the Company and its subsidiaries, including the Executive, selected by the Board after consultation with, and based on the recommendation of, the CEO, for the calendar years beginning on January 1, 2010 and January 1, 2011. ii. Beginning in January 2008, each annual Stock Option grant shall be made between the first and fifteenth business day of the year, unless the CEO, in his sole discretion, shall agree with the Board to a later date during such year (the “Default Date”). If the Board does not approve Stock Option grants in the amounts set forth in Section 4(c)(i) by the Default Date, then Stock Options in such amounts shall be granted pro-rata to existing option holders and employee stockholders as of such date of grant, except that the CEO’s share of such Stock Option grants shall be reduced by 75% and the other four most highly compensated executives’ share of such Stock Option grants shall be reduced by 50%. iii. The per share exercise price of each Stock Option shall be equal to the Fair Market Value of a share of Buyer Common Stock on the date of grant. Each Stock Option granted shall vest in five equal tranches on each of the first five anniversaries of the date of grant subject to the option holder’s continued employment as of each such vesting date; provided, however, that all Stock Options shall automatically vest in full upon a “change in control” (as defined in the Option Plan, it being understood that an IPO shall in no event constitute a change in control). Notwithstanding any provision of this Agreement to the contrary, following an IPO, no additional Stock Options shall be granted pursuant to the Stock Option Plan. iv. Upon termination of his employment, the portion of any Stock Option granted to the Executive which has not yet vested shall terminate. In the event the Executive’s employment terminates for any reason other than for Cause, the Executive may exercise any vested portion of any Stock Option held by him on the date of termination provided that he does so prior to the earlier of (A) ninety (90) days following termination of employment and (B) the expiration of the scheduled term of the Stock Option. Notwithstanding the foregoing, if the Executive’s employment is terminated due to death or disability (as defined in Section 5(b)), then the Executive or, as applicable in the event of death, his beneficiary or estate, may exercise any vested portion of any Stock Option held by the Executive on the date employment terminates for the shorter of (A) the period of twelve (12) months following the termination date and, (B) with respect to each Stock Option individually, the expiration of the scheduled term of such Stock Option. Upon a termination of the Executive’s employment by the Company for Cause, all Stock Options shall be forfeited immediately. v. Holdings, the Company and the Executive agree to cooperate to structure the Stock Option Plan so as to minimize or avoid additional taxes and interest that would otherwise be imposed on the Executive with respect to options granted under the Stock Option Plan pursuant to Section 409A of the Internal Revenue Code as amended (the “Code”); provided, however, that the Company shall have no obligation to grant the Executive a “gross-up” or other “make-whole” compensation for such purpose.

  • Performance Based Compensation During the Period of Employment and assuming Executive remains continuously employed by the Company through the end of the relevant fiscal year, Executive shall also be entitled to participate in an annual performance-based cash bonus program as set forth in Exhibit B.

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Vesting of Stock Options All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

  • Stock Option Subject to approval by the Board, the Company will grant Executive, during the fourth calendar quarter of 2015 (and subject to Executive’s continued employment with the Company through the grant date), under the Company’s 2015 Equity Incentive Plan (the “Plan”), an incentive stock option to purchase 130,444 shares of Company common stock (an “Option”), with an exercise price equal to $1.12 per share, which is equal to the fair market value of the shares of Company common stock underlying the Option on the grant date. Subject to Executive’s continued employment with the Company through the applicable vesting date, the Option will vest and become exercisable with respect to one-forty-eighth (1/48th) of the shares subject thereto on each monthly anniversary of January 1, 2016. Notwithstanding the foregoing, if the Company experiences a Change in Control (as defined in the Plan) prior to the full vesting (or forfeiture) of the Option and Executive’s employment is terminated by the Company without Cause (as defined below) within three (3) months prior to the consummation of such Change in Control, then, subject to Section 6(b) below, one hundred percent (100%) of any then-unvested portion of the Option will vest and become exercisable immediately prior to such Change in Control. In addition, (i) if the Company experiences a Change in Control (as defined in the Plan) prior to the full vesting (or forfeiture) of the Option and Executive remains employed by the Company through at least immediately prior to such Change in Control, fifty percent (50%) of any then-unvested portion of the Option shall vest immediately prior to such Change in Control, and (ii) if the Company experiences a Change in Control (as defined in the Plan) prior to the full vesting (or forfeiture) of the Option and Executive’s employment is terminated by the Company without Cause within two (2) years following the consummation of such Change in Control, subject to and conditioned upon Executive’s timely execution and non-revocation of a Release (as defined below), one hundred percent (100%) of any then-unvested portion of the Option will vest in full and become exercisable upon the effectiveness of the Release. Each Option will be subject in all respects to the terms and conditions set forth in the Plan and in an award agreement to be entered into between the Company and Executive, which will evidence the grant of the Option (each, an “Option Agreement”).

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Incentive Stock Options If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares will be treated as long term capital gain for federal and California income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price.

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