RESTRICTED STOCK, STOCK OPTIONS Clause Samples

RESTRICTED STOCK, STOCK OPTIONS. On the Effective Date, restricted stock held by the Executive shall become immediately vested and non-forfeitable, and all of the Executive's stock options shall become immediately exercisable.

RESTRICTED STOCK, STOCK OPTIONS. Consistent with the terms of any applicable plans, all of Employee’s unvested restricted stock as of the Resignation Date attributable to grants made to Employee pursuant to the terms of an ExpressJet Holdings, Inc. stock incentive plan shall vest upon the Resignation Date. Further, (i) any unvested stock options previously granted to Employee pursuant to the terms of an ExpressJet Holdings, Inc. stock option agreement and outstanding as of the Resignation Date shall vest upon the Resignation Date and (ii) the period for exercising any such stock options shall be extended until one (1) year after the Resignation Date (but in no event later than the earlier of the latest date upon which the stock option could have expired by its original terms under any circumstances or the tenth anniversary of the original date of grant of the stock option).

RESTRICTED STOCK, STOCK OPTIONS. You have been granted 7,560,856 shares of ePunk, Inc. common stock, and have executed a lock-up and leak-out agreement, dated February 3, 2012 and incorporated herein by reference.

RESTRICTED STOCK, STOCK OPTIONS. Pursuant to the Company's 1994 Stock Option Plan, on March 25, 1998 PSC awarded Executive 37,500 restricted Common Shares of the Company, upon the terms and conditions and subject to the restrictions set forth in the Restricted Stock Award Agreement attached to the Employment Agreement as Exhibit A. Effective as of March 25, 1999, the Company has granted Executive, pursuant to the Company's 1994 Stock Option Plan, a stock option for 37,500 Common Shares of the Company at an exercise price of $8.625 per share, upon the terms and conditions set forth in the Stock Option Agreement attached hereto as Exhibit A. If Executive is an officer of the Company on March 25, 2000, PSC will grant Executive a stock option for 75,000 Common Shares pursuant to a Stock Option Agreement similar in form to Exhibit A, as modified to reflect appropriate changes in grant, vesting and expiration dates and in purchase and stock performance prices. Notwithstanding the foregoing sentence, if there is a Change in Control (as hereinafter defined), and if Executive becomes entitled to receive Severance Benefits (as hereinafter defined), Executive will be immediately entitled to receive the stock option which otherwise would have been granted to him on March 25, 2000, fully vested and exercisable and at a purchase price equal to the Fair Market Value of the Company's Common Shares on the date preceding the date of the Change in Control."

RESTRICTED STOCK, STOCK OPTIONS. (a) The Board will consider each year in conjunction with the Executive's annual review, the outright grant of shares of the Corporation's common stock or the granting of an option to purchase shares of the Corporation's common stock (such shares being the "Option Shares"). (b) The exercise price to be paid by Executive for each Option Share (the "Option Price") shall be determined by the Board at the time the option is granted. All payments of the exercise price must be made in cash in full at the time of delivery of the Option Shares to Executive. Executive may exercise the option granted hereunder and purchase Option Shares by giving written notice of his election to exercise his option hereunder. The notice shall comply with Section 22 hereof, and shall state the number of Option Shares which Executive desires to purchase. (c) Subject to the provisions of this Section 5(c), stock options granted to Executive under this Agreement are not transferable by the Executive other than by will, decent and distribution, and during Executive's life time, such stock options may be exercised only by Executive or Executive's guardian or legal representative. Notwithstanding the foregoing, Executive may transfer stock options and any other security issued to the Executive by the Corporation pursuant to the terms of this Agreement to a family member of the Executive or to one or more trusts or other legal entities organized and established for the benefit of the Executive and/or his family members (a "Family Member") provided such transfer is a gift. Subsequent transfers of transferred stock options are prohibited except to other Family Members or by will or the laws of descent and distribution. Following a transfer of a stock option, such stock option shall continue to be subject to the same terms and conditions as were applicable immediately prior to such transfer. (d) The existence of the options hereunder shall not affect in any way the right or power of the Corporation or its stockholders to make or authorize any or all adjustments recapitalizations, reorganizations or other changes in its capital structure or its business, or any merger or consolidation, of the corporation, or any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the common stock or the rights thereof, or the dissolution or liquidation of the Corporation, or any sale or transfer of all or any part of its assets or business, or any other corporate act or procee...

RESTRICTED STOCK, STOCK OPTIONS. (a) Upon final approval of the Company's 2007 Long Term Incentive Program, Employee shall be granted 7000 shares of restricted stock, with vesting subject to achievement of performance goals as determined by Compensation Committee which in no event shall be less favorable than the vesting conditions applicable to other senior executives of the Company. (b) On August 26, 2005 Employee, in his capacity as a director of the Company, was granted options on 45,000 shares of Company stock at an exercise price of $10.67 per share, with vesting to occur over a four year period (the "Director Options"). As of the effective date Employee shall resign from the Board of Directors of the Company and unvested Director Options shall be deemed vested. Pursuant to the award agreement for the Director Options, Employee shall have until March 27, 2009 to exercise Director Options. If on March 26, 2009 any Director Options remain unexercised Employee shall be issued new options on such date in an amount equivalent to the number of unexercised options as of that date, as may have been adjusted for stock splits (the "Replacement Options"). The granting of Replacement Options shall not affect Employee's right to exercise expiring Director Options on March 27, 2009. The Replacement Options shall be fully vested on the date of grant. The exercise price for the Replacement Options shall be the greater of the closing price of the Company's stock on the day preceding the date of the grant (March 25, 2009) or $10.67 (as adjusted for stock splits). The exercise period for the Replacement Options shall terminate on August 25, 2015.

RESTRICTED STOCK, STOCK OPTIONS. Effective on the Change of Control Date, the Company agrees that Consultant's Restricted Stock (as defined in that certain Restricted Stock Purchase Agreement dated September 13, 1999, amended as of June 21, 2000 (the "Restricted Stock Agreement")) shall immediately vest and no longer be subject to any Repurchase Option (as defined in the Restricted Stock Agreement), and that the Consultant's stock options shall immediately terminate. Except as otherwise provided herein, the Restricted Stock Agreement, the Note and the Security Agreement (as defined in the Restricted Stock Agreement) shall remain in full force and effect; provided that in the event that the Consulting Period is terminated prior to the second anniversary of the Change of Control Date by the Company without Cause, the Company agrees that the Note will not be due until the date which is thirty (30) days after the second anniversary of the Change of Control Date, and that the Company will not seek to enforce the Note until such date. After the occurrence of both (a) the Change of Control Date, and (b) payment in full by Consultant for Consultant's Restricted Stock, the Company shall notify the Escrow Holder (as defined in the Restricted Stock Agreement), to deliver to the Consultant a certificate or certificate evidencing all shares of paid-for Common Stock then held by the Escrow Holder pursuant to the Joint Escrow Instructions, dated September 13, 1999, by and between the Company and the Consultant, at which time the Joint Escrow Instructions shall terminate and be of no further force or effect. The Consultant acknowledges that such certificate or certificates will continue to be subject to the Security Agreement until the Note is paid or the obligations thereunder of the Consultant are otherwise discharged.

RESTRICTED STOCK, STOCK OPTIONS. For purposes of this Agreement, unless otherwise indicated herein, restricted stock and stock options shall vest and be exercisable according to the terms of the Stock Plan.

RESTRICTED STOCK, STOCK OPTIONS. Subject to the approval of the Board, Company shall grant Employee the following: