Sign-On Stock Option Sample Clauses

Sign-On Stock Option. On the Effective Date,, Executive shall be granted non-qualified stock options to purchase an aggregate of 1,847,000 shares of the Company’s common stock (the “Sign-On Stock Option”). The Sign-On Stock Option shall have a per share exercise price equal to the fair market value of the Company’s common stock on the date of grant, and the term of the Sign-On Stock Option shall be seven (7) years, subject to earlier expiration in the event of the termination of Executive’s employment with the Company. The Sign-On Stock Option shall vest and become exercisable as to one-third (1/3rd) of the shares subject thereto on each anniversary of the date of grant. Except as provided herein, such Sign-On Stock Option will be subject to the provisions of the Company’s 2004 Equity Incentive Plan and the applicable form of stock option agreement thereunder.
Sample 1
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Sign-On Stock Option. Upon employment and subject to approval of the Compensation Committee of the Board, Executive will receive a nonstatutory stock option entitling him to purchase up to 1,682,827 shares (the “Sign-On Option”) of Parent Common Stock, with the exercise price per share of Common Stock underlying the Sign-On Option equal to the Fair Market Value (as defined under the Plan) of a share of Common Stock on the date of grant. The Sign-On Option shall (i) be granted under and subject to the terms of the Plan and the form of nonstatutory stock option grant agreement, and (ii) be subject to the following vesting schedule: 25% of the grant will become vested and exercisable or settled, as applicable, on first anniversary of the Effective Date and the balance will become vested and exercisable or settled, as applicable, in equal monthly installments over the following thirty-six (36) months, subject to Executive’s continuous employment with the Company on each such vesting date. Notwithstanding the foregoing, in the event of a Change in Control (as defined in the Plan) then 100% of the unvested portion of the Sign-On Option shall become vested and exercisable as of the closing date of such Change in Control, provided that the Executive is actively employed with the Company on such date.
Sample 1
Sign-On Stock Option. 6.2.1 The Company will grant to Executive, effective on the Effective Date, under the LTIP a nonqualified stock option (the "Sign-on Option") to purchase 500,000 shares, subject to adjustment as provided in the next sentence, of the Company's common stock with an exercise price per share equal to the closing price of the Company's common stock on the New York Stock Exchange on the Effective Date. In the event that the exercise price of the Sign-on Option exceeds $15.00 per share, the number of shares subject to the Option will be equal to 500,000, multiplied by the ratio of the exercise price to $15.00, rounded up to the nearest whole number. The Option will vest and become exercisable to the extent of one-third of the shares subject to the Option on each of the first three anniversaries of the Effective Date. The Option will expire 10 years after the date of grant. The Option will be subject to the LTIP and, except as expressly provided in this Section 6.2 and elsewhere in the Agreement, will be evidenced by the standard form of stock option agreement approved by the Compensation Committee for all participants in the LTIP.
Sample 1
Sign-On Stock Option. Effective as of the Employment Date, Executive shall be granted a ten-year stock option under the Company’s 2004 Equity Incentive Plan to purchase 200,000 shares of the Company’s Common Stock at an exercise price equal to the closing price of the Company’s Common Stock on the Employment Date (the “Sign-On Option”). Assuming continued employment, the Sign-On Option shall vest over a four-year period, vesting 25% on the first anniversary of the Employment Date and vesting an additional 1/16 of the total Sign-On Option at the end of each three-month anniversary of the Employment Date thereafter until the Sign-On Option is fully vested after four years. The option shall be in the form of an Incentive Stock Option (or “ISO”) and subject to the terms of an Incentive Stock Option Agreement in the form attached hereto as Exhibit A to the extent allowed by the U.S. Internal Revenue Code and applicable regulations, and to the extent not qualified as an ISO, shall be in the form of a Nonstatutory Stock Option subject to the terms of a Nonstatutory Stock Option Agreement in the form attached hereto as Exhibit B.
Sample 1
Sign-On Stock Option. In connection with the commencement of your employment, the Compensation Committee of the Board granted to you a non-qualified stock option to acquire 158,227 shares of VeriSign’s common stock (the “Sign-On Option”). The Sign-On Option was granted to you on August 7, 2007 at an exercise price of $29.63 per share. The Sign-On Option shall vest in equal installments on each quarterly anniversary of the date of grant of the Sign-On Option over the three years from the date of grant; provided that you remain continuously employed by VeriSign at all times during the relevant quarter. Notwithstanding the foregoing, if (i) your employment is terminated by VeriSign without “Cause” (as defined below) and (ii) you deliver to VeriSign a signed termination release agreement in the form attached hereto as Exhibit A (the “Release”) and satisfy all conditions to make the Release effective, the vesting and exercisability of the then-unvested shares of your Sign-On Option shall accelerate in full. Your Sign-On Option and the issuance of the underlying VeriSign common stock will be subject to the terms and conditions of the VeriSign, Inc. 2006 Equity Incentive Plan (the “VeriSign 2006 Plan”) and your Sign-On Option Agreement attached hereto as Exhibit B and shall have a term of ten years.
Sample 1
Sign-On Stock Option. In connection with the commencement of the Xxxxx’x employment, the Compensation Committee of VeriSign’s Board of Directors (the “Board”) granted to him a non-qualified stock option to acquire 158,227 shares of the Company’s common stock (the “Sign-On Option”). The Sign-On Option was granted on August 7, 2007 at an exercise price of $29.63 per share and vests in equal installments on each quarterly anniversary of the date of grant of the Sign-On Option over the three years from the date of grant; provided that Xxxxx is continuously employed by VeriSign at all times during the relevant quarter. Notwithstanding the foregoing, the vesting and exercisability of the then-unvested shares of the Sign-On Option shall accelerate in full. Other than as specifically set forth in this Agreement, the Sign-On Option and the issuance of the underlying Company common stock will be subject to the terms and conditions of the VeriSign, Inc. 2006 Equity Incentive Plan (the “VeriSign 2006 Plan”) and the Sign-On Option Agreement executed by Xxxxx and VeriSign.
Sample 1
Sign-On Stock Option. The Executive will be granted an option to purchase 10,000 shares of the Company's common stock upon approval by the Committee within the first thirty days following the Commencement Date. The price of option will be determined by the closing market price of the Company's common stock on the day the Executive's employment begins with the Company. The option will vest in one-third increments over three years.
Sample 1
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Related to Sign-On Stock Option

  • Company Stock Options At the Effective Time, each Company Stock --------------------- Option shall be deemed to have been assumed by Evergreen, without further action by Evergreen, and shall thereafter be deemed an option to acquire, on the same terms and conditions as were applicable under such Company Stock Option, that number of shares of Surviving Corporation Common Stock that would have been received in respect of such Company Stock Option if it had been exercised immediately prior to the Effective Time (such Company Stock Options assumed by Evergreen, the "Assumed Chancellor Stock Options"); provided, however, that, for -------- ------- each optionholder, (i) the aggregate fair market value of Surviving Corporation Common Stock subject to Assumed Chancellor Stock Options immediately after the Effective Time shall not exceed the aggregate exercise price thereof by more than the excess of the aggregate fair market value of Company Common Stock subject to Company Stock Options immediately before the Effective Time over the aggregate exercise price thereof and (ii) on a share-by-share comparison, the ratio of the exercise price of the Assumed Chancellor Stock Option to the fair market value of the Surviving Corporation Common Stock immediately after the Effective Time is no more favorable to the optionholder than the ratio of the exercise price of the Company Stock Option to the fair market value of the Company Common Stock immediately before the Effective Time; and provided, -------- further, that no fractional shares shall be issued on the exercise of such ------- Assumed Chancellor Stock Option and, in lieu thereof, the holder of such Assumed Chancellor Stock Option shall only be entitled to a cash payment in the amount of such fraction multiplied by the closing price per share of Surviving Corporation Common Stock on the Nasdaq National Market on the business day immediately prior to the date of such exercise.

  • Exercise of Nonstatutory Stock Option There may be a regular ------------------------------------- federal income tax liability upon the exercise of a Nonstatutory Stock Option. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price. If Optionee is an Employee or a former Employee, the Company will be required to withhold from Optionee's compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

  • Stock Option Grants Executive will receive an annual grant of stock options during the term of this Agreement in a manner and under terms that are consistent with grants made to other executives of the Company.

  • 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.

  • Nonstatutory Stock Option The Optionee may incur regular federal income tax liability upon exercise of a NSO. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If the Optionee is an Employee or a former Employee, the Company will be required to withhold from his or her compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

  • Stock Options; Warrants (a) At the Effective Time and without any action on the part of the parties hereto, (i) the 1996 Stock Incentive Plan, the 1993 Incentive Stock Option, Nonqualified Stock Option and Restricted Stock Purchase Plan (together, the “Company Stock Plans”) and (ii) each unexercised and unexpired stock option that is then outstanding under the Company Stock Plans or any other plan or arrangement under which the Company or its subsidiaries grants stock options, whether or not exercisable and whether or not vested (the “Company Options”), shall be assumed by Parent and such Company Options shall be converted into options to purchase Parent Common Stock (individually an “Assumed Option” and collectively the “Assumed Options”). Each Assumed Option shall continue to have, and be subject to, the same terms and conditions as set forth in the applicable Company Stock Plan and any agreement evidencing the grant of such Assumed Option, as in effect immediately prior to the Effective Time, except that, as of the Effective Time, (i) the Assumed Options shall be exercisable for whole shares of Parent Common Stock, and the number of such shares shall be equal to the product of the number of shares of Company Common Stock that were issuable upon exercise of such Assumed Option, whether or not exercisable, immediately prior to the Effective Time multiplied by the Exchange Ratio, rounded down to the nearest whole number of shares of Parent Common Stock, (ii) the per share exercise price for the shares of Parent Common Stock issuable upon exercise of such Assumed Option shall be equal to the quotient determined by dividing the exercise price per share of Company Common Stock at which such Assumed Option was exercisable immediately prior to the Effective Time by the Exchange Ratio, rounded up to the nearest whole cent, (iii) all references in the Company Stock Plan and the agreement evidencing the Assumed Option to the Company shall be deemed to be references to Parent and (iv) all references in the Company Stock Plan and the agreement evidencing the Company Option to Company Common Stock shall be deemed to be references to Parent Common Stock. Notwithstanding anything to the contrary in this Section 2.2, the conversion of any Assumed Options (regardless of whether such options qualify as “incentive stock options” within the meaning of Section 422 of the Code) into options to purchase Parent Common Stock shall be made in such a manner as would not constitute a “modification” of such Assumed Options within the meaning of Section 424 of the Code.

  • Stock Options (a) Subsequent to the effectiveness of the Form 10, but prior to the consummation of the Distribution, and subject to the consummation of the Distribution, each option to purchase ALTISOURCE Common Stock (“ALTISOURCE Stock Options”) granted and outstanding under the 2009 Equity Incentive Plan of ALTISOURCE (“ALTISOURCE Option Plan”) shall remain granted and outstanding and shall not, and ALTISOURCE shall cause (to the maximum extent permitted under the ALTISOURCE Option Plan) the ALTISOURCE Stock Options not to, terminate, accelerate or otherwise vest as a result of the Distribution, and each holder thereof immediately prior to the Distribution will be entitled to the following, determined in a manner in accordance with, and subject to, the ALTISOURCE Option Plan, FAS123R and Section 409A of the Internal Revenue Code: (i) an option to acquire a number of shares of Residential Class B Common Stock equal to the product of (x) the number of shares of ALTISOURCE Common Stock subject to the ALTISOURCE Stock Option held by such holder on the Distribution Date and (y) the distribution ratio of one (1) share of Residential Class B Common Stock for every three (3) shares of ALTISOURCE Common Stock (the “Residential Stock Options”), with an exercise price to be determined in a manner consistent with this Section 3.04 and (ii) the adjustment of the exercise price of such holder’s ALTISOURCE Stock Option, to be determined in a manner consistent with this Section 3.04 (the “Adjusted ALTISOURCE Stock Options”) (the Residential Stock Options and the Adjusted ALTISOURCE Stock Options, together, the “Post-Distribution Stock Options”).

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 10,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • Stock Option The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth on Schedule A. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time prior to the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement. Schedule A sets forth the date or dates after which the Optionee may exercise all or part of the Stock Option, subject to the provisions of the Plan.

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