We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Retention Options Sample Clauses

Retention Options. If your Performance Shares vest while you are actively employed by the Company or any of its Subsidiaries or affiliated companies, you shall automatically be granted Options (“Retention Options”) on the following terms and conditions to purchase a number of Shares of the Company’s common stock equal to 40% of the number of Performance Shares that vest. (a) The Option Grant Date is the date that the respective Performance Shares vest. The Option Price is the closing price of the Shares on the Grant Date. (b) The vested Performance Shares issuable to you are called the “Retention Shares.” If you have elected to have the Company retain Shares to cover required tax withholding, the net Shares issuable to you are the Retention Shares. The Retention Shares will be credited to an account set up for the participant at Sxxxxxx Xxxxx Bxxxxx in Chicago. (c) The Retention Options that have not terminated earlier as provided in subsection (d) will vest and become exercisable seven (7) years from Grant Date. However, vesting will be accelerated to three (3) years from Grant Date if as of that date all of the Retention Shares are still (and have continuously been) held by the you, except for the following permitted transfers: (1) You may transfer of all or part of the Retention Shares by gift to a Permitted Transferee. For this purpose a “Permitted Transferee” is any one or more of (i) your spouse, (ii) your lineal descendants, (iii) your lineal ancestors, (iv) the spouses of your lineal descendants or lineal ancestors, (v) a trust all the beneficiaries of which are yourself or persons described in clauses (i) through (iv), or (vi) a family partnership all the partners of which, are yourself or persons described in clauses (i) through (iv). A Permitted Transferee need not retain the Retention Shares, but you will not be entitled to acceleration of exercise of your Retention Options if a Permitted Transferee disposes of the Retention Shares, other than by gift to another Permitted Transferee, before the third (3rd) anniversary of the Date of Grant. The Committee may require transferred Retention Shares to be maintained in an account for the Permitted Transferee at Sxxxxxx Xxxxx Bxxxxx. (2) You or your Permitted Transferee may sell or otherwise dispose of the Retention Shares after a termination of your employment with the Company if, but only if, that termination of employment is a result of death, Retirement, Disability or dismissal for the convenience of the Company (ot...
Retention OptionsThe Company shall grant to the Contractor additional Options to purchase 2,000,000 shares of Common Stock (the "Retention Options") in accordance with the following schedule: (i) 500,000 Retention Options shall be granted to the Contractor at an Option Price of $.25 per share within 30 days after the date the Per Share Market Price (as defined below) of the Common Stock is equal to $.50 per share. (ii) 500,000 Retention Options shall be granted to the Contractor at an Option Price of $.40 per share within 30 days after the date the Per Share Market Price of the Common Stock is equal to $.75 per share. (iii) 1,000,000 Retention Options shall be granted to the Contractor at an Option Price of $.80 per share within 30 days after the date the Per Share Market Price of the Common Stock is equal to $1.00 per share.
Retention OptionsSection 5.5 S-4 Registration Statement..................... Section 8.5(a) Stock Price.................................... Section 4.1
Retention Options. Xceed shall set aside for issuance to the ----------------- Company Employees, options to purchase an aggregate of Ten Thousand (10,000) shares of Xceed Stock, in accordance with the Plan, which options shall be allocated among the Company Employees in the amounts set forth on Schedule 5.2(j) hereto.
Retention OptionsPrior to the Effective Time, the Company shall issue the Retention Options to the persons listed on Exhibit D-1 in the amounts indicated therein provided, that the form of the option agreement governing such Retention Options shall have been delivered to Parent prior to being furnished to such person and such agreement shall comply with the restrictions set forth in the definition of "Retention Options."
Retention Options. 150,000 of the Options (collectively, “Retention Options”) shall vest in three equal installments in arrears for each calendar year of service that Recipient serves in the Company/Recipient Relationship; none of the Retention Options shall vest for portions of any calendar year. For illustrative purposes: (a) 50,000 of the Retention Options shall vest on June 20, 2014 and be exercisable at any time from June 20, 2014 through June 19, 2023; (b) 50,000 of the Retention Options shall vest on June 20, 2015 and be exercisable at any time from June 20, 2015 through June 19, 2023; and (c) 50,000 of the Retention Options shall vest on June 20, 2016 and be exercisable at any time from June 20, 2016 through June 19, 2023.
Retention Options. 46 6.7 Form S-8........................................................46 6.8 New Consultants.................................................46 6.9
Retention Options. On August 5, 2008, or if later, the date you execute this Letter Agreement (the “Grant Date”), you shall be granted a number of Retention Options (rounded to the nearest whole number) equal to (a) $3.75 million divided by (b) the product of (i) 60% and (ii) the Fair Market Value (as defined in the Coach, Inc. 2004 Stock Incentive Plan) of a share of Common Stock on the grant date, which shall be evidenced by a Retention Stock Option Agreement to be entered into by and between you and the Company in substantially the form attached hereto as Exhibit B. As set forth in Section 5(c)(ii) of the Employment Agreement, the Retention Options shall have an exercise price equal to the fair market value per share of Common Stock as of the Grant Date and shall have a term of 10 years. The Retention Options shall become exercisable in three cumulative installments as follows: (A) the first installment shall consist of 20% of the shares of Common Stock covered by the Retention Options and shall become vested and exercisable on July 2, 2011, (B) the second installment shall consist of 20% of the shares of Common Stock covered by the Retention Options and shall become vested and exercisable on June 30, 2012 and (C) the third installment shall consist of 60% of the shares of Common Stock covered by the Retention Options and shall become exercisable on June 29, 2013; provided, that, except as otherwise provided in Section 7 of the Employment Agreement or in the applicable Retention Stock Option Agreement, no portion of the Retention Options not then exercisable shall become exercisable following your termination of employment for any reason.
Retention Options. During the four-stage process, an excess employee may elect to be retained in employment subject to certain conditions specified in subclause 65.12. In that event, the employee is required to formally advise ANSTO of that intention before the end of the four stage process.
Retention Options. If your Restricted Stock Shares or Units vest and the applicable Date of Lapse of Period of Restrictions occurs while you are actively employed by the Company or any of its Subsidiaries or affiliated companies, you shall automatically be granted Options (“Retention Options”) on the following terms and conditions to purchase a number of Shares of the Company’s common stock equal to 40% of the number of Restricted Stock Shares or Units that vest. (a) The Option Grant Date is the date that the respective Restricted Stock vests. The Option Price is the closing price of the Shares on the Grant Date. (b) The vested Restricted Stock Shares issuable to you are called the “Retention Shares.” If you have elected to have the Company retain Shares to cover required tax withholding, the net Shares issuable to you are the Retention Shares. The Retention Shares will be credited to an account set up for the participant at Sxxxxxx Xxxxx Bxxxxx in Chicago.