Restricted Stock Option Sample Clauses

Restricted Stock Option. As additional compensation, Employer agrees to provide Employee with the option to purchase 50,000 shares of common stock for a total cost of $10.00. This restricted stock option shall vest six months after the execution of this employment agreement. However, the Employee may only purchase fifty (50) percent of the restricted stock option at the end of his first year of employment (i.e., 25,000 shares). Employee shall have fifteen (15) business days after the end of his first year of employment to exercise this restricted stock option. The Employee may purchase the remaining fifty (50) percent of the restricted stock option at the end of his second year of employment. Employee shall have fifteen (15) business days after the end of his second year of employment to exercise this restricted stock option.
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Restricted Stock Option. The Company shall issue to Employee 20,000,000 shares of Eastons’s common stock issued at a price of $0.005 per share.
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Restricted Stock Option. Simultaneously with the execution of this Agreement, the Executive shall be entitled to receive and the Company shall issue to the Executive an Option to purchase shares of the Company's authorized and previously unissued $0.00001 par value common stock (the "Option Shares"), as set forth on the attached Schedule "A", which shall, upon issuance, be subject to all of the following terms and conditions: (a) The Option Shares are issued to the Executive for the sole purpose of providing the Executive with a tangible incentive to put forth maximum efforts for the success of the Company and its business in the future. Therefore, in the event that the Executive's employment with the Company is terminated for any reason prior to any anniversary of the date of this Agreement, then all Option Shares that have not previously vested in the Executive pursuant to sub-paragraphs (b) through (d) hereof shall be immediately forfeit without further action by the Company or the Executive. (b) Absolute and unrestricted ownership of the Option Shares shall vest in the Executive over the 5 year period commencing on the date of this Agreement, at the rate of twenty percent (20%) of the Option Shares per year. The foregoing vesting shall not occur until an anniversary date of this Agreement, provided, however, consideration shall be given to partial periods in the event that the Executive's employment with the Company is terminated for any reason, other than for cause, prior to any anniversary of the date of this Agreement. (c) Notwithstanding the provisions of subparagraphs (a) and (b) absolute and unrestricted ownership of all unvested Option Shares shall vest in the Executive immediately prior to the consummation of (i) any merger, consolidation or similar business combination transaction where the Company is not the surviving entity, (ii) any sale of all or substantially all of the Company's assets where the proceeds are intended for distribution to the stockholders, or (iii) any other transaction or series of transactions whereby any person, entity or group acting in concert acquires direct or indirect ownership of more than 10% of the Company's outstanding voting securities.
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Restricted Stock Option. 7.1.1 EMPLOYER hereby grants EMPLOYEE the option to purchase shares of its common stock, exercisable on and after each anniversary date of this Agreement and any extensions thereof (each such anniversary date being hereinafter referred to as "Exercise Date"), at a price equal to 75% of its fair market value on the Exercise Date ("Option"). 7.1.2 The number of shares subject to the Option on each Exercise Date shall be determined by dividing 40% of EMPLOYEE'S regular compensation on the applicable Exercise Date by the exercise price. For example, if the EMPLOYEE'S Regular Compensation is $100,000 per annum on the first anniversary date of this Agreement (i.e., the first Exercise Date), the number of shares subject to the option vesting on such anniversary date would determined by dividing 40,000 (40% of $100,000) by the then fair market per share value of EMPLOYER'S shares. If the fair market value is $1,00 per share, the maximum number of shares subject to such option would be 40,000 shares. 7.1.3 The Option shall be exercisable as to the shares optioned on the applicable Exercise Date for a period of ten (10) years following such Exercise Date. 7.1.4 If EMPLOYEE'S employment by EMPLOYERS is terminated for any reason, only that portion of the option exercisable at the time of such termination of employment may thereafter be exercised by EMPLOYEE or, in the case of termination by EMPLOYEE'S death, by EMPLOYEE'S legal representative(s). 7.1.5 This Option is not intended to be and shall not be treated as an incentive stock option under Section 4.2.2 of the Internal Revenue Code unless this sentence has been manually lined out and its deletion is followed by the signature of a corporate officer of EMPLOYER and EMPLOYEE. /s/ Xxxxxxxx Xxxx ______________________________ EMPLOYER Signature /s/ Xxxx Xxxxxxxx _________________________________ EMPLOYEE Signature If the parties elect to treat the option as an incentive stock option under Section 4.2.2 as herein provided, the Option shall be subject to, and EMPLOYER and EMPLOYEE agree to be bound by, all of the terms and conditions of EMPLOYER'S stock option plan to which this Option shall be subject, as the same may be amended from time to time in accordance with the terms thereof, provided no such amendment shall deprive EMPLOYEE of this Option or any of his rights hereunder.
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Restricted Stock Option. Optionee may elect to exercise any portion of the Option prior to the Shares becoming vested pursuant to Section 3 hereof. Upon exercise of the Option to purchase unvested Shares, Optionee shall receive shares of stock, which until vested, shall be restricted ("Restricted Stock"). The Restricted Stock shall be subject to the following terms and conditions:
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Restricted Stock Option. Upon execution of this Agreement the Director shall be granted an option to purchase two hundred fifty thousand (250,000) shares of common stock of the Company, with an exercise price equal to the closing price on June 7, 2013 which is $3.52 and vesting period is 12 months from the grant date of 10th June, 2013. Validation period is for 10 years after the vesting period or until 10th June 2024. The Director’s rights in respect to any grant shall be determined solely by the Compensation Committee of the Company and are subject to execution by Director of any applicable agreements as established and requested by the Company pursuant to the 2012 Stock Option Plan. Should the Director cease to provide his director services under this Agreement due to his disability as determined by the Company in good faith, the Company shall afford the Director (or his representative) the maximum time period permissible under the 2012 Stock Option to exercise his options, and in no case less than one year immediately following such good faith determination of disability.
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Restricted Stock Option. As a further inducement to the Executive to enter into this Agreement and to provide a means of enhancing the Executive's proprietary interest in the Company and to increase the Executive's incentive, the Company hereby grants to the Executive the right and option to purchase from the Company up to (_______) shares of its _________, exercisable upon the following terms and conditions- (A) The option price shall be eighty (80%) percent of the highest price at which said stock is sold on the New York, NASDAC, or Over The Counter exchange on the effective date hereof (B) Subject to the provisions hereof, this option shall be exercisable as follows- (1) After the expiration of one (1) year form the effective date hereof this option may be exercised with respect to all or any part of (___________) shares of the said total ___________shares. (2) After the expiration of two (2) years from the effective date (______) shares of its ________ (3) After the expiration of three (3) years from the effective date (______) shares of its _______________ (4) After the expiration of four (4) years from the effective date (______) shares of its ________ (5) After the expiration of five (5) years from the effective date (________) shares of its __________ (C) This option shall not be transferable by the Executive otherwise than by will or the laws of descent and distribution, and shall be exercisable during her lifetime only by her (and in no event later than eight (8) years from the effective date hereof). (D) In the event that the Executive ceases to be an employee of the Company hereunder, any portion of this option not then exercisable terminates at once, and any unexercised portion of this option which has by then become exercisable shall be exercisable by the Executive within three (3) months after she cease to be an employee (unless cessation of employment results from the death of the Executive as specifically provided for in subparagraph (E) hereof), provided however, that in no event shall such option be exercisable after the expiration of eight (8) years from the effective date hereof. (E) In the event of the death of the Executive while an employee of the Company (or within three (3) months after she ceases to be an employee), this option may be exercised by the estate of the Executive or by any person who hereafter acquires the right to exercise such option by bequest or inheritance of by reason of the death of the Executive, within the period of two (2) years aft...
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Restricted Stock Option. The Parent shall have executed the restricted Stock Option.
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Related to Restricted Stock Option

  • Restricted Stock Grant As a member of Employer’s senior management team, Employee will be eligible for annual Restricted Stock Grants pursuant to Anaren’s 2004 Comprehensive Long Term Incentive Plan, as amended (“2004 Plan”) equal in value to 16% of his Base Salary for the respective year. Restrictive Stock Grants will be made annually at the same time other Restricted Stock Grants are made by Anaren to its senior management team, provided Employee is employed with Employer on that date. All Restricted Stock grants issued pursuant to this provision will be subject to the terms of the 2004 Plan, including, but not limited to, a thirty-six (36) month forfeiture provision. Notwithstanding anything to the contrary, in the event Employee concludes employment on or after the expiration of the Period of Employment, Employee shall be entitled if the forfeiture period has not otherwise lapsed only to a pro-rata portion of each unvested Restricted Stock Grant based on the number of months employed by Employer from the date of grant to the expiration of the Period of Employment. In the way of example, if Employee has been employed for 9 months of the 36 month forfeiture period at the end of his Period of Employment, he will receive 25% of the Restricted Shares granted. If Employee remains employed by Employer on a full time basis (30 hours or more per week) after the Period of Employment as an at-will employee, all previously issued restricted stock shall continue to vest in accordance with the terms of the 2004 Plan.

  • Restricted Stock Award Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Participant Shares (the “Restricted Shares”), which shall vest and become nonforfeitable in accordance with Section 3 hereof.

  • 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 Options With respect to the stock options (the “Stock Options”) granted pursuant to the stock-based compensation plans of the Company and its subsidiaries (the “Company Stock Plans”), (i) each Stock Option intended to qualify as an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”) so qualifies, (ii) each grant of a Stock Option was duly authorized no later than the date on which the grant of such Stock Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required stockholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Stock Plans, the Exchange Act and all other applicable laws and regulatory rules or requirements and (iv) each such grant was properly accounted for in accordance with GAAP in the financial statements (including the related notes) of the Company and disclosed in the Company’s filings with the Commission in accordance with the Exchange Act and all other applicable laws. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Stock Options prior to, or otherwise coordinating the grant of Stock Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • 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.

  • Restricted Stock Awards Each Encompass Restricted Stock Award that is outstanding as of immediately prior to the Effective Time shall be treated as follows: (i) If the holder is an Encompass Group Employee, such award shall be converted, as of the Effective Time, into a Post-Separation Encompass Restricted Stock Award, and shall, except as otherwise provided in this Section 4.02, be subject to the same terms and conditions (including with respect to vesting) after the Effective Time as were applicable to such Encompass Restricted Stock Award immediately prior to the Effective Time; provided, however, that from and after the Effective Time, the number of Encompass Shares subject to such Post-Separation Encompass Restricted Stock Award shall be equal to the sum of all the Encompass Shares subject to all tranches of the Award where the number of Encompass Shares subject to each tranche is equal to the product, rounded up to the nearest whole number of shares for each such tranche, obtained by multiplying (A) the number of Encompass Shares subject to such tranche of the corresponding Encompass Restricted Stock Award immediately prior to the Effective Time, by (B) the Encompass Ratio. (ii) If the holder is an Enhabit Group Employee, such award shall be converted, as of the Effective Time, into an Enhabit Restricted Stock Award, and shall, except as otherwise provided in this Section 4.02, be subject to the same terms and conditions (including with respect to vesting) after the Effective Time as were applicable to such Encompass Restricted Stock Award immediately prior to the Effective Time; provided, however, that from and after the Effective Time, the number of Enhabit Shares subject to such Enhabit Restricted Stock Award shall be equal to the sum of all the Enhabit Shares subject to all tranches of the Award where the number of Enhabit Shares subject to each tranche is equal to the product, rounded up to the nearest whole number of shares for each such tranche, obtained by multiplying (A) the number of Encompass Shares subject to such tranche of the corresponding Encompass Restricted Stock Award immediately prior to the Effective Time, by (B) the Enhabit Ratio.

  • 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.

  • Employee Stock Options Except as provided in this Agreement or pursuant to the provisions of any Plan or employee or director stock option agreement as in effect on the date hereof, from the date hereof Company will not accelerate the vesting or exercisability of or otherwise modify the terms and conditions applicable to the Employee Stock Options. At the Effective Time, each of the Employee Stock Options which is outstanding and unexercised at the Effective Time shall be converted automatically into an option to purchase Parent Shares in an amount and at an exercise price determined as provided below (and otherwise subject to the terms of the stock option plans of Company governing the Employee Stock Options (the "Company Stock Option Plans")): (1) The number of Parent Shares to be subject to the new option shall be equal to the product of the number of Shares subject to the original option and the Exchange Ratio, PROVIDED that any fractional Parent Shares resulting from such multiplication shall be rounded down to the nearest share and, except with respect to any options which are intended to qualify as "incentive stock options" (as defined in section 422 of the Code ("ISOs")), Parent shall pay an amount in cash to the holder of such Employee Stock Option equal to the fair market value immediately prior to the Effective Time of such fractional Parent Shares calculated based on the average closing price on the New York Stock Exchange for the last five trading days immediately preceding the day prior to the Effective Time; and (2) The exercise price per Parent Share under the new option shall be equal to the aggregate exercise price of the original option divided by the total number of full Parent Shares subject to the new option (as determined under (1) immediately above), PROVIDED that such exercise price shall be rounded up to the nearest cent. The adjustment provided herein with respect to any ISOs shall be and is intended to be effected in a manner that is consistent with section 424(a) of the Code. The duration and other terms of the new option shall be the same as that of the original option, except that all references to Company shall be deemed to be references to Parent. Parent shall file with the SEC a registration statement on Form S-8 (or other appropriate form) or a post-effective amendment to the Registration Statement as promptly as practicable after the Effective Time for purposes of registering all Parent Shares issuable after the Effective Time upon exercise of the Employee Stock Options, and shall have such registration statement or post-effective amendment become effective and comply, to the extent applicable, with state securities or blue sky laws with respect thereto at the Effective Time.

  • Nonstatutory Stock Option If the Grant Notice so designates, this Option is intended to be a Nonstatutory Stock Option and shall not be treated as an Incentive Stock Option within the meaning of Section 422(b) of the Code.

  • Stock Options; Restricted Stock The foregoing benefits are intended to be in addition to the value of any options to acquire Common Stock of the Company, the exercisability of which is accelerated pursuant to the terms of any stock option agreement, any restricted stock the vesting of which is accelerated pursuant to the terms of the restricted stock agreement, and any other incentive or similar plan heretofore or hereafter adopted by the Company.

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