Restricted Stock and Options Sample Clauses

Restricted Stock and Options. Xx. Xxxxxx shall participate in such restricted stock and option plans of the Company as are made available generally to senior executive officers of the Company. Any grants under such plans shall be made by the Board of Directors (or appropriate committee thereof) in its sole discretion and such plans are subject to change during the Term at the sole discretion of the Company.
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Restricted Stock and OptionsEffective as of the Effective Date, the Executive was granted 75,000 shares of the Company's Common Stock, $1.00 par value ("Common Stock"). Such shares are subject to four year vesting on the basis of 18,750 shares of Common Stock on each anniversary of the Effective Date; provided, however, if the employment of the Executive under this Agreement is terminated prior to the shares being fully vested for any reason other than by the Company for Cause or Disability, the death of the Executive or by the Executive for any reason other than for Good Reason, such shares shall become vested on the termination date. Until the shares of Common Stock so granted are vested, the Executive may not transfer, pledge or dispose of the unvested shares. The Executive, however, may vote any unvested shares and be entitled to receive any dividends or distributions (other than noncash distributions, which shall be subject to the same vesting restrictions as the shares of Common Stock for which such distributions were received). The Company may also hold the unvested shares until they have vested. The Executive may elect to deliver shares of Common Stock (valued at their then current market price) to the Company in satisfaction of any withholding obligation the Company may have on the vesting of such shares. Such shares shall be subject to accelerated vesting as provided in Section 4(a). Such shares shall also be subject to accelerated vesting on a change of control as defined in the Company's form of stock option agreement, with the merger on May 27, 1998 of Weatxxxxxxx Xxxerra, Inc. with and into the Company not resulting in any acceleration of such vesting. Effective as of the Effective Date, the Executive also received options under the Company's stock option plan to purchase an aggregate of 100,000 shares of Common Stock at an exercise price per share equal to the closing sale price of a share of Common Stock on the Effective Date, which options are subject to three year vesting on the basis of one-third of the shares per year, with the merger on May 27, 1998 of Weatxxxxxxx Xxxerra, Inc. not resulting in any acceleration of such vesting. In connection with the Company's spin-off of its Grant Prideco drilling products division, the above restricted stock and options will be adjusted to represent shares
Restricted Stock and Options. (a) The Company shall take such actions as are necessary with respect to any restricted stock agreement between the Company and any employee of the Company to provide that the shares issued to any holder of restricted stock in the Recapitalization shall be issued with regard to, and shall remain subject to, the restrictions set forth in such restricted stock agreement. (b) The Company shall take such actions as are necessary to cause each option to purchase Nonvoting Stock to be adjusted so that, subject to the terms and conditions of the Company's Stock Incentive Plan and the terms and conditions of such options, upon exercise the holder will be entitled to acquire 1.0 share of Voting Stock for each former right to purchase 1.0 share of Nonvoting Stock; provided, however, that options to acquire Nonvoting Stock shall not be adjusted to entitle holders to acquire Voting Stock if the Registration Statement is not declared effective by the SEC on or before April 30, 1998 or if the IPO does not close within 15 days of the date the Registration Statement is declared effective by the SEC.
Restricted Stock and Options. Executive shall participate in such restricted stock and option plans of the Company as are made available generally to senior executive officers of the Company. Any grants under such plans shall be made by the Board of Directors (or appropriate committee thereof) in its sole discretion and such plans are subject to change during the Term at the sole discretion of the Company.
Restricted Stock and Options. 4.1 The Company confirms that it will exercise its discretion having received approval of the Compensation Committee of the Xxxxx Xxxxxxx Company board of directors (on 1 November 2010) under the Restricted Stock Scheme to allow for early vesting on 31 January 2011 of the 34,075 units of the Employee’s granted but unvested restricted stock. 4.2 The Company confirms that the employee has 1441 non-qualified stock options which are governed under the terms and conditions set forth in the Restricted Stock Scheme under which option awards were granted to the Employee by the Employer.
Restricted Stock and Options. Full vesting of all restricted stock and stock options and phantom stock options (collectively "Options") with the lesser of three (3) years from his Termination Date or ten (10) years from the date the Options were granted in which to exercise his Options pursuant to the terms of the Executive's Option or Supplemental Option Agreement; (the terms of this acceleration are set forth in draft in a Supplemental Agreement attached as Exhibit A);
Restricted Stock and Options. Full vesting of all restricted stock, phantom restricted stock, and stock options and phantom stock options (collectively "Options") with the exercise period being the lesser of three (3) years from the Executive's Termination Date or the exercise period stated in the Executive's applicable Option or Supplemental Option Agreements, subject to the terms of the agreements governing such Options;
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Restricted Stock and OptionsAs of the Effective Date, the Executive was granted 500,000 restricted shares of the Company's Common Stock, $.01 par value ("Common Stock"). Such shares are subject to three year cliff vesting; provided, however, if the employment of the Executive under this Agreement is terminated prior to the shares being fully vested for any reason other than by the Company for Cause or Disability, the death of the Executive or by the Executive for any reason other than for Good Reason, such shares shall become vested on the termination date. Until the shares of Common Stock are vested, the Executive may not transfer, pledge or dispose of the unvested shares. The Executive, however, may vote any unvested shares and be entitled to receive any dividends or distributions (other than noncash distributions, which shall be subject to the same vesting restrictions as the shares of Common Stock for which such distributions were received). The Company may also hold the unvested shares until they have vested. The Executive may elect to deliver shares of Common Stock (valued at their then current market price) to the Company in satisfaction of any withholding obligation the Company may have on the vesting of such shares. Such shares shall be subject to accelerated vesting as provided in Section 4(a). Such shares shall also be subject to accelerated vesting on a change of control as defined in the Company's form of stock option agreement. Within 30 days of the Effective Date, the Executive shall also be granted options under the Company's stock option plan to purchase an aggregate of 250,000 shares of Common Stock at an exercise price per share equal to the closing sale price of a share of Common Stock as of the date of the option grant, which options are subject to three year cliff vesting.
Restricted Stock and OptionsExcept as otherwise provided in Section 3(c), vesting of restricted stock and stock options held by Employee will cease on the Separation Date at which time any vested options can be exercised until the earlier of the first anniversary of the Separation Date or the expiration of the option’s term, and all unvested options and restricted stock will be forfeited on the Separation Date. Employee acknowledges that until December 28, 2013, he may not sell any shares of the Company’s common stock that he may acquire upon exercise of the 450,000 options granted to the Employee on December 28, 2011 pursuant to Section 4(a) of the Incentive Stock Option Award Agreement between the Company and the Employee dated as of December 28, 2011.
Restricted Stock and Options. ATS and Xxxxx acknowledge and agree that Xxxxx has been granted 60,000 shares of restricted stock and 40,000 options (collectively, the “Equity Grants”). ATS and Xxxxx acknowledge and agree that all of the Equity Grants shall be vested as of the Effective Date. Under the terms of the relevant Incentive Stock Option Agreement, the options will expire 90 days after the Effective Date of this Agreement, unless exercised by Xxxxx.
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