STOCK AWARDS AND STOCK OPTIONS. The Executive shall receive 85,880 shares of the Company's common stock and N/A stock options for services to be rendered during the Term. The exercise price of the stock options is at $N/A 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 8, 2010, 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 8, 2010, 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 7 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.
Appears in 1 contract
Samples: Employment Agreement (American Oriental Bioengineering Inc)
STOCK AWARDS AND STOCK OPTIONS. The Executive shall receive 85,880 57,225 shares of the Company's common stock and N/A and 36,942 stock options for services to be rendered during the Term. The exercise price of the stock options is at $N/A 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 810, 20102009, 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 810, 20102009, 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 7 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.
Appears in 1 contract
Samples: Employment Agreement (American Oriental Bioengineering Inc)
STOCK AWARDS AND STOCK OPTIONS. The Executive shall receive 85,880 70,747 shares of the Company's common stock and and N/A stock options for services to be rendered during the Term. The exercise price of the stock options is at $N/A 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 8, 2010, 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 8, 2010, 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 7 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.
Appears in 1 contract
Samples: Employment Agreement (American Oriental Bioengineering Inc)
STOCK AWARDS AND STOCK OPTIONS. The Executive shall receive 85,880 129,638 shares of the Company's common stock and Nand N/A stock options for services to be rendered during the Term. The exercise price of the stock options is at $N/A 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 8, 2010, 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 8, 2010, 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 7 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.
Appears in 1 contract
Samples: Employment Agreement (American Oriental Bioengineering Inc)
STOCK AWARDS AND STOCK OPTIONS. The Executive shall receive 85,880 83,160 shares of the Company's common stock and N/A and 53,685 stock options for services to be rendered during the Term. The exercise price of the stock options is at $N/A 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 810, 20102009, 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 810, 20102009, 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 7 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.
Appears in 1 contract
Samples: Employment Agreement (American Oriental Bioengineering Inc)
STOCK AWARDS AND STOCK OPTIONS. The Executive shall receive 85,880 62,370 shares of the Company's common stock and N/A and 40,264 stock options for services to be rendered during the Term. The exercise price of the stock options is at $N/A 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 810, 20102009, 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 810, 20102009, 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 7 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.
Appears in 1 contract
Samples: Employment Agreement (American Oriental Bioengineering Inc)
STOCK AWARDS AND STOCK OPTIONS. The Executive shall receive 85,880 51,380 shares of the Company's common stock and N/A and 33,169 stock options for services to be rendered during the Term. The exercise price of the stock options is at $N/A 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 810, 20102009, 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 810, 20102009, 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 7 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.
Appears in 1 contract
Samples: Employment Agreement (American Oriental Bioengineering Inc)
STOCK AWARDS AND STOCK OPTIONS. The Executive shall receive 85,880 114,506 shares of the Company's common stock and and N/A stock options for services to be rendered during the Term. The exercise price of the stock options is at $N/A 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 8, 2010, 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 8, 2010, 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 7 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.
Appears in 1 contract
Samples: Employment Agreement (American Oriental Bioengineering Inc)
STOCK AWARDS AND STOCK OPTIONS. The Executive shall receive 85,880 94,150 shares of the Company's common stock and N/A and 60,780 stock options for services to be rendered during the Term. The exercise price of the stock options is at $N/A 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 810, 20102009, 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 810, 20102009, 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 7 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.
Appears in 1 contract
Samples: Employment Agreement (American Oriental Bioengineering Inc)