Stock and Option Grants. (i) Effective as of the Transition Event, the Company or the parent company following the Reverse Merger (the “Parent Company”), as applicable, will grant Executive an incentive stock options to purchase 100,000 shares of the Company's or the Parent Company, applicable, common stock, $0.0001 par value per share (the “New Option A”) with an exercise price equal to the fair market value of the common stock of the Company or the Parent Company, applicable, as determined by the applicable Board of Directors at the date of the grant, which shall vest over four years in equal monthly increments.
Stock and Option Grants. With respect to the deferred stock and option awards to which you are a party, the following provisions shall apply.
Stock and Option Grants. Employee shall be eligible to be granted shares of the Company’s common stock and options to purchase shares of the Company’s common stock subject to the approval of the Board of Directors that shall be based on Employee’s performance during the year prior to each anniversary of this Agreement. Such grants shall vest and be exercisable according to the standard terms of the Company’s stock plan in effect at the time of the grant. Employee shall be granted 100,000 options to purchase shares of the Company’s common stock subject to the approval of the Board of Directors (the “Options”). A portion of the Options will vest on each anniversary of the Effective Date (each, a “Vesting Date”) over a period of two years with 50,000 options (the “Annual Vesting Amount”) vesting on each such Vesting Date.
Stock and Option Grants. Employee shall be eligible to be granted shares of the Company’s common stock and options to purchase shares of the Company’s common stock, as determined by the Board of Directors in its sole discretion. Subject to Section 4, such grants shall vest and be exercisable according to the standard terms of the Company’s stock plan in effect at the time of the grant. At the time this Agreement is signed by both parties, Employee will be granted options for a total of 1,443,912 shares of the Company’s common stock. The options will vest as follows, in each case so long as Employee remains employed by the Company on the vesting date. On the first anniversary of the Effective Date, 270,731 of the shares will vest. On the first day of the 12th month beginning after the Effective Date, and on the first day of each of the 22 months thereafter, 30,081 of the shares will vest. On the first day of the 35th month beginning after the Effective Date, 30,089 of the shares will vest. On the first day of the 36th month beginning after the Effective Date, and on the first day of each of the 10 months thereafter, 37,602 of the shares will vest. And on the first day of the 47th month beginning after the Effective Date, 37,607 of the shares will vest, such that if Employee remains employed by the Company continuously through the first day of the 47th month beginning after the Effective Date, all 1,443,912 of the shares will vest.
Stock and Option Grants. On the Effective Date of this Agreement and as an inducement to accepting employment hereunder, Executive shall receive a grant of 25,000 non-qualified stock options (“Stock Options”) and 10,000 shares of restricted stock (“Restricted Stock”). The Stock Options and Restricted Stock shall each vest at the rate of 20% per year over a five (5) year period, commencing one year from the Effective Date of this Agreement, unless otherwise provided for in this Agreement (including, without limitation, the Change of Control provisions contained in Section 7, infra). In addition, and as a further inducement to accept employment hereunder, Executive shall receive a grant of up to 40,000 shares of performance-based Restricted Stock (“Performance Shares”), subject to the terms and conditions of the 2010 CEO Inducement Plan Performance Shares Award Agreement, including without limitation, the vesting provisions contained therein.
Stock and Option Grants. On the date hereof, Employee shall receive a grant of 75,000 shares of the Company's common stock and options to purchase 100,000 shares of the Company's common stock at an exercise price equal to the closing bid price of the Company's common stock on the date immediately prior to the date of grant. All grants hereunder shall be fully earned as of the date hereof. Additional grants shall be at the discretion of the Company's Board of Directors.
Stock and Option Grants. The Executive will be designated as a participant in the Stock Option Plan and, as such, will be eligible to receive grants, under and pursuant to the Stock Option Plan, of stock options, restricted or unrestricted stock awards, restricted stock units, stock appreciation rights, performance unit awards, performance share awards and other stock-based awards, including without limitation Equity Awards pursuant to Section 5.4 hereof. In accordance with and subject to the provisions of the Stock Option Plan, the Administrator (as designated thereunder) will have the authority, in its discretion, to determine whether to grant any such awards to the Executive and, if granted, to determine the terms of such awards including, without limitation, the exercise price, the number of shares subject to each award, the exercise period for the award, and the form of consideration payable upon exercise.
Stock and Option Grants. Employee shall be eligible to be granted shares of the Company's common stock and options to purchase shares of the Company's common stock subject to the approval of the Board of Directors of the Company that shall be based on Employee's performance during the year prior to each anniversary of this agreement. Such grants shall vest and be exercisable according to the standard terms of the Company's stock plan in effect at the time of the grant. Employee will be granted 137,500 shares of restricted stock as soon as reasonably practicable after the time of signing of this employment agreement. This equity grant will vest annually over a period of three years.
