Reload Feature Sample Clauses

Reload Feature. Upon an exercise of this Option by the Optionee in accordance with its terms, the Optionee will be given additional options to purchase additional shares (in addition to the remaining unexercised options subject to this Option) equal to the number of shares so purchased (without regard to any cashless exercise feature) by the exercise with the following to apply: all terms for such additional Options will be the same as this Option but: the Exercise Price will be equal to the fair market price of the common stock of the Company as on the date of the previous option exercise.
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Reload Feature. Unless otherwise provided on the signature page hereof, the Option shall not have the "reload feature" described in Section 6.1 of the Plan, as of the date of grant.
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Reload Feature o On the first day of each Sales Period, unless this Sellers Plan is otherwise terminated, new shares of stock will be added as Plan Shares to this Sellers Plan equal to the greater of (i) the number of Plan Shares in the preceding Sales Period minus any shares not sold pursuant to the Sellers Plan during the preceding Sales Period or (ii) the number of shares of Stock subject to stock options held by Seller that will expire during the then current Sales Period. If necessary to reload the Plan Shares (as described above), the Options will be updated to add the earliest to expire stock options of the Seller until the Plan Shares have been reloaded. Notwithstanding the foregoing, Options will not be added to this Sellers Plan that will not vest within the then current Sales Period.
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Reload Feature. The Board of Directors or the Committee may grant Options with a reload feature. A reload feature shall only apply when the option price is paid by delivery of Common Stock (as set forth in Section 13(b)(ii)). The Stock Option Agreement for the Options containing the reload feature shall provide that the Option holder shall receive, contemporaneously with the payment of the option price in shares of Common Stock, a reload stock option (the “Reload Option”) to purchase that number of shares of Common Stock equal to the sum of (i) the number of shares of Common Stock used to exercise the Option, and (ii) with respect to Nonstatutory Stock Options, the number of shares of Common Stock used to satisfy any tax withholding requirement incident to the exercise of such Nonstatutory Stock Option. The terms of the Plan applicable to the Option shall be equally applicable to the Reload Option with the following exceptions: (i) the option price per share of Common Stock deliverable upon the exercise of the Reload Option, (A) in the case of a Reload Option which is an Incentive Stock Option being granted to a Principal Stockholder, shall be one hundred ten percent (110%) of the fair market value of a share of Common Stock on the date of grant of the Reload Option and (B) in the case of a Reload Option which is an Incentive Stock Option being granted to an individual or entity other than a Principal Stockholder or is a Nonstatutory Stock Option, shall be the fail-market value of a share of Common Stock on the date of grant of the Reload Option; and (ii) the term of the Reload Option shall be equal to the remaining option term of the Option (including a Reload Option) which gave rise to the Reload Option. The Reload Option shall be evidenced by an appropriate amendment to the Stock Option Agreement for the Option which gave rise to the
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Reload Feature. Purchase Price Per Share: $10.00 ------------------------ Payment of Purchase Price: _________ Number of Days to Determine Fair Market Value: _______________ Date of Agreement: _________________ Grant Date: __________________________
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Reload Feature. As an inducement to encourage the Executive to exercise the Option and to acquire and hold shares of Common Stock, the Option shall contain a reload feature (the "Reload Feature"). Under the Reload Feature, if (I) the Executive exercises all or any portion of the Option (x) at least six (6) months prior to the expiration of the Option, (y) while employed by the Company, and (z) prior to the expiration date of the 2000 Stock Incentive Plan and (II) the Executive pays the exercise price for the portion of the Option so exercised or pays applicable withholding taxes by using Common Stock owned by the Executive for at least six (6) months (or such other period necessary to avoid a charge, for accounting purposes, against the Company's earnings as reported in the Company's financial statements) prior to the date of exercise, the Executive shall be granted a new stock option (the "Reload Option") on the date all or any portion of the Option is exercised to purchase the number of shares of Common Stock equal to the number of shares of Common Stock exchanged by the Executive to exercise the Option or to pay withholding taxes thereon. The Reload Option shall be exercisable on the same terms and conditions as apply to the Option except that (I) the exercise price shall be the fair market value (as defined in the 2000 Stock Incentive Plan) of the Common Stock on the date the Reload Option is granted and (II) the expiration of the Reload Option shall be the date of expiration of the Option. The Executive shall not be permitted to reload the Reload Option unless otherwise permitted by the Committee in its sole discretion. In no event shall the inclusion of the Reload Feature in the Option be construed to imply or require that future grants of stock options to the Executive shall contain a similar feature nor shall the grant of a Reload Option in any year be construed to imply or require the exclusion of the Executive from consideration of equity incentive award grants.
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Reload Feature. The Option shall be subject to the “reload feature” as that term is defined, and to the extent provided, in Section 6.1 of the Plan. The reload option will have an Exercise Price equal to the fair market value of a share of Stock on the effective date of grant of the reload option, and will otherwise contain the same terms as the Option except as provided in Section 6.1 of the Plan and as the Committee, in its sole discretion, may decide. The reload option shall not be subject to the “reload feature.” The Committee shall be authorized to establish procedures for all aspects of the reload option.
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Reload Feature. If the Participant, while employed by the Company, exercises all or part of the Year 2004 Option and pays all of the Option Price and the withholding taxes associated with the option exercise by tendering shares of Verizon Common Stock in accordance with this section 8, the Company shall immediately grant the Participant an option (a “Replacement Option”) to purchase the number of shares of Verizon Common Stock that the Participant used to pay the Option Price and any withholding taxes. The option price per share under such Replacement Option shall be equal to the market value of a share of Common Stock at the time that such exercise occurred, and such Replacement Option shall expire on the same date as the Year 2004 Option then being exercised. This Replacement Option fully vests 6 months following the date it is granted. Except as provided in this section 8(d), the Replacement Option shall have the same terms and conditions as the Year 2004 Option. A Participant will be limited to a maximum of three exercises that will be eligible for the granting of Replacement Options under the terms of this section 8(d).
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Reload Feature. The Committee shall have the authority to specify, at the time of grant of Incentive Options or, with respect to Non-qualified Stock Options, at or after the time of grant, that a Key Employee Participant’s Options, in part or in whole, shall include a “reload feature.” The reload feature is a provision which the Committee may, but is not required to, include in any Option granted to Key Employee Participants under this Plan to the effect that at such time as the original Option is exercised, the optionee shall automatically be granted a new Option pursuant hereto to purchase a number of Shares equal to the number of Shares utilized by the optionee to pay the option exercise price on the original option. A reload Option shall have an exercise price equal to the Fair Market Value of the Shares on the date it is granted and shall expire on the stated expiration date of the original Option. A reload Option shall contain such other terms and conditions as the Committee, in its discretion, deems to be desirable.
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