STOCK AWARDS AND STOCK OPTIONS Sample Clauses

STOCK AWARDS AND STOCK OPTIONS. The Executive shall receive 51,380 shares of the Company's common stock and 33,169 stock options for services to be rendered during the Term. The exercise price of the stock options is at $4.01 per share, as determined by the Compensation Committee of the Board, equal to the average closing price of the Company's common stock on the five trading days immediately prior to and including April 10, 2009, as reported on Yahoo Finance, on the New York Stock Exchange, or any such securities exchange on which the Company’s common stock is listed or quoted for trading, on April 10, 2009, the date of grant (both the "Stock Awards" and the “Stock Options”). The Stock Awards and Stock Options shall vest in five equal installments on each April 10 of the first, second, third, fourth and fifth anniversary of the grant, subject to the Executive’s continued employment with the Company on each vesting date, and further to subject to accelerated vesting under the applicable incentive plan, the applicable grant agreement and the terms of this Agreement. The Stock Awards and Stock Options shall be granted under the Company’s 2006 Equity Incentive Plan and pursuant to the terms of the Company’s standard form of stock award and stock option agreement approved by the Board of Directors. The Compensation Committee shall determine, on an annual basis, the number of Stock Awards and Stock Options to be granted to the Executive for each renewal period.
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STOCK AWARDS AND STOCK OPTIONS. (a) The Corporation hereby grants to the Employee pursuant to the Penn Akron Corporation Stock Option Plan (the "STOCK OPTION PLAN") (such Stock Option Plan subject to the approval of the shareholders of the Corporation) and the stock option agreement attached hereto as Exhibit 3.5(a) (the "STOCK OPTION AGREEMENT"), an option to purchase 24,000 common shares of the Corporation, par value $.01 per share (the "COMMON SHARES") at an exercise price of US$0.68 per Common Share, which shall vest and be exercisable from and after the date hereof.
Sample 1
STOCK AWARDS AND STOCK OPTIONS. (a) (i) The Corporation hereby issues to the Employee 500,000 shares of the common stock, par value $0.01 (the "COMMON SHARES"), of the Corporation (the "STOCK GRANT") and shall deliver to the Employee a certificate evidencing the Stock Grant within five (5) days of the date hereof.
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STOCK AWARDS AND STOCK OPTIONS. (a) Pursuant to the American Oriental Bioengineering, Inc. 2006 Equity Incentive Plan (“Plan”), Company, in exercise of its sole discretion, hereby grants to the Grantee named above, who is a Participant of the Plan, (1) a number of Shares at the purchase price as indicated above (“Stock Awards”), and (2) stock options to purchase a number of Shares at the exercise price as indicated above, which exercise price represents the 100% percent of the Fair Market Value per Share on the Date of Grant (“Stock Options”), subject to the terms and conditions set forth in this Grant Agreement (“Agreement”). Common Stock & Non-Qualified Common Stock Option – Executive
Sample 1
STOCK AWARDS AND STOCK OPTIONS. The number of outstanding unvested stock options and restricted stock previously granted to the Executive that would have vested over the twelve (12) month period after the Termination Date shall become immediately vested on the first business day after the Effective Date [IF AGE 40 OR OVER ON THE TERMINATION DATE; SO LONG AS THE EXECUTIVE HAS NOT REVOKED THIS AGREEMENT AS PROVIDED IN SECTION 15(C) BELOW].
Sample 1
STOCK AWARDS AND STOCK OPTIONS. The Employee currently possesses awards of stock and stock options (“Awards”) under the Aon Stock Incentive Plan (the “Plan. The Plan provides that the Awards which are granted cease vesting on the termination of Employee’s employment with the Company. However, in recognition of Employee’s value to the Company and pursuant to the modifications to the Awards approved by the Organization and Compensation Committee of the Company’s board of directors (the “Board”) on November 18, 2004, and notwithstanding any provision of the Plan to the contrary or otherwise, said Awards, and additional awards of stock and stock options that are granted hereafter pursuant to the Plan (also “Awards”), shall continue to vest in accordance with the Plan vesting provisions so long as the Employee continues to make himself available as a consultant to the Company at the Company’s reasonable request upon terms to be mutually agreed upon, and so long as Employee abides by the restrictive covenants set forth in Section 4 herein the term of which shall be deemed extended for the period of the vesting of the Awards, (i) in the event of the termination by the Company of Employee’s employment without cause or the termination of the Employee’s employment following the expiration of this Agreement without renewal or extension, or (ii) in the event of the retirement of Employee from the Company. Furthermore, in the event of Employee’s death or total disability at any time, such Awards shall continue to vest pursuant to the vesting provisions of the Plan.
Sample 1

Related to STOCK AWARDS AND STOCK OPTIONS

  • 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.

  • 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.

  • 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 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.

  • 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:

  • 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.

  • 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.

  • Share Options With respect to the share options (the “Share Options”) granted pursuant to the share-based compensation plans of the Company and its subsidiaries (the “Company Share Plans”), (i) each Share Option intended to qualify as an “incentive stock option” under Section 422 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), so qualifies, (ii) each grant of a Share Option was duly authorized no later than the date on which the grant of such Share Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required shareholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Share Plans, the Exchange Act, and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange (the “Exchange”), and (iv) each such grant was properly accounted for in accordance with IFRS in the financial statements (including the related notes) of the Company. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Share Options prior to, or otherwise coordinating the grant of Share Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • 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.

  • Nonqualified Stock Options If the Shares are held for more than twelve (12) months after the date of purchase of the Shares pursuant to the exercise of an NQSO, any gain realized on disposition of the Shares will be treated as long term capital gain.

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