STOCK AND OPTION AWARDS Sample Clauses

STOCK AND OPTION AWARDS. With respect to any award granted to the Executive under any of the Company’s stock incentive plans, including the Company’s 2004 Long-Term Stock Incentive Plan or any successor program, the following shall apply:
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
STOCK AND OPTION AWARDS. With respect to any award granted to the Executive under the Company's 1996 Incentive Stock Program (the "Program"), any Prior Program (as defined in the Program) or any successor program, the following shall apply:
Sample 1Sample 2
STOCK AND OPTION AWARDS. Executive shall be granted non-statutory stock options to purchase and aggregate of 50,000 shares of Common Stock of the Company at the lower of an exercise price of $4.00 per share or the close price of the Company's common stock as of the date of this agreement, with the following vesting schedule: - October 1, 2000, 10,000 options shall vest - After each financial quarter close beginning December 31, 2000 through June 30, 2001, 10,000 options shall vest - September 5, 2001, the balance of the 50,000 shares described above, specifically 10,000 options shall vest. In addition, in connection with this Agreement, Executive shall be granted 50,000 incentive stock options, if so available under a future stock option plan, each subsequent one year anniversary date from the effective date. Such options shall have an exercise price equal to the fair value of the Company's common stock at the date of grant and vest ratably over three years on each anniversary of the Effective Date commencing on September 5, 2001. If no such incentive stock options exist as of any of the anniversary dates, then non-statutory stock options to purchase and aggregate of 50,000 shares of Common Stock of the Company shall be granted to Executive with an exercise price equal to the fair value of the Company's common stock at the date of grant, all of which options shall vest ratably over two years on each anniversary of the Effective Date commencing on September 5, 2001. In addition, if the closing price of the Company's Common Stock, as quoted on the Nasdaq Bulletin Board (or other Nasdaq stock market or national stock exchange, including Over The Counter Bulletin Board or National Quotation Service Pink Sheets), is 4 times or higher than the weighted average exercise price of previously awarded options, for 10 consecutive trading days, all of Executive's stock options shall be immediately vested. All of the Executives options shall also immediately vest if the Company signs a Letter of Intent, or similar agreement, to merge with another company, to sell its common stock, its assets or licensing rights it has or will have related to the drug therapy Remune; the Executive will also receive 30,000 shares of the Company's common stock if the aforementioned (i.e., signing of Letter of Intent, etc.) occurs between September 5, 2000 and September 5, 2001. All of Executive's stock options referred to herein shall expire on September 5, 2010. The Company agrees to file a registration statement...
Sample 1Sample 2
STOCK AND OPTION AWARDS. With respect to any award granted the Executive after the date of execution of this Agreement (and not the Effective Date) under the Company's 1996 Incentive Stock Program or any successor thereto that includes a provision substantially similar to the provision contained on Appendix A, after a Change in Control no forfeiture shall be effected pursuant to such provision unless the Executive shall have been terminated for "Cause" pursuant to the provisions of paragraph 2(b) above.
Sample 1
STOCK AND OPTION AWARDS. Officer shall be granted non-statutory stock options to purchase and aggregate of 10,000 shares of Common Stock of the Company at an exercise price equal to the fair value of the Company's common stock at the date of grant, defined as the date this Agreement is executed. The options shall be fully vested at the date of grant. All of Officer's stock options referred to herein shall expire on June 1, 2011. The Company agrees to file a registration statement covering all of the stock options referred to herein on Form S-8 or similar registration statement on or before December 31, 2001. If during the term of this Agreement the Company signs a Letter of Intent, or similar agreement, to merge with another company, to sell its common stock, its assets or licensing rights it has or will have related to the drug therapy Remune, the Officer shall immediately receive 100,000 shares of the Company's common stock at no cost to the Officer.
Sample 1

Related to STOCK AND OPTION AWARDS

  • Stock and Stock Options Subject to vesting, as set forth on Exhibit B, the Company will issue to Director stock and options as set forth and described on Exhibit B. Company shall issue said stock and options within sixty (60) days from the execution of this Agreement by both parties.

  • Restricted Stock and Stock Options Employer shall cause the Compensation Committee of the Board of Directors of Employer to review whether Employee should be granted shares of restricted stock and/or options to purchase shares of common stock of CBSI. Such review may be conducted pursuant to the terms of the Community Bank System, Inc. 2014 Long-Term Incentive Plan, a successor plan, or independently, as the Compensation Committee shall determine. Reviews shall be conducted no less frequently than annually.

  • Option Awards The Company represents and warrants to the Executive that all shares issued pursuant to any equity award granted to the Executive by the Company, upon issuance to the Executive, will be duly authorized, fully paid and non-assessable. A sufficient number of shares for each such equity award will be properly reserved.

  • Stock Option Awards During the Term, the Executive shall be eligible for awards of options to purchase shares of the Company’s common stock (the “Stock Options”), such Stock Options to be awarded in the sole discretion of the Compensation Committee and in accordance with the terms of the Company’s Stock Option Plan, as such Stock Option Plan may be amended, suspended or terminated from time to time.

  • Stock Awards “Stock Awards” means all stock options, restricted stock and such other awards granted pursuant to the Company’s stock option and equity incentive award plans or agreements and any shares of stock issued upon exercise thereof.

  • Grant of Stock Appreciation Rights Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants this Award to the Participant on the Grant Date on the terms set forth on the cover page of this Agreement, as more fully described in this Attachment A. This Award is granted under the Plan, which is incorporated herein by this reference and made a part of this Agreement.

  • Grant of Stock Appreciation Right Subject to the terms and conditions provided in this Agreement and the Plan, the Company hereby grants to the Recipient a stock appreciation right covering ______ shares of Common Stock (the "SAR"), effective as of the Grant Date.

  • Restricted Stock Awards Each Restricted Stock Award shall be evidenced by a Restricted Stock Award Agreement, which shall comply with and be subject to the following terms and conditions:

  • 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.

  • 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.

Time is Money Join Law Insider Premium to draft better contracts faster.