Stock Grant and Options Sample Clauses

Stock Grant and Options. The Employee shall be entitled to participate in a Board approved stock option incentive program that is now or may become applicable to the Company's executive employees.
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Stock Grant and Options. As a material inducement to Executive's entering into this Agreement, the Board has granted to the Executive on the Commencement Date, an award of 90,000 Restricted Stock Units, each such Unit representing the right to receive, subject to vesting, at the times provided for herein one share of the Common Stock of the Company (the "Restricted Stock Unit Award"). In addition, the Company shall pay to the Executive dividend equivalent amounts with respect to the Restricted Stock Units at the time and in the amount of any dividend distributions paid with respect to shares of Common Stock. The number of shares of Common Stock underlying vested Restricted Stock Units shall be delivered to the Executive upon the earlier of (i) the termination of Executive's employment for any reason and (ii) the third anniversary of the Commencement Date (provided that Executive shall be permitted to elect to defer delivery of all or a portion of such shares by written notice specifying a deferred delivery date(s) sent to the Company not later than the second anniversary of the Commencement Date (or such other dates as the Company and Executive shall determine)). The Restricted Stock Units, which shall be in addition to and not in lieu of any options that would otherwise be granted to Executive under any compensation program referred to in Section 3(b), shall vest as follows: 34,000 shares Commencement Date 28,000 shares February 1, 2000 28,000 shares February 1, 2001 or, if earlier, on the date of any termination without Cause (as hereinafter defined) or any termination by Executive for Good Reason (as defined in Section 6(b)) and shall otherwise be subject to Company's standard terms of grant.
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Stock Grant and Options. The Executive will receive, as part of his annual compensation for his services the following annual stock grant and options:
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Stock Grant and Options. On January 2, 2006 the Company shall grant to Executive, from the US Global Nanospace, Inc. Amended and Restated 2002 Stock Plan (the "Plan"), a stock bonus under Section 8 of the Plan of one million (1,000,000) shares of Common Stock. The Company agrees that it shall increase the number of shares in the Plan or adopt a new employee equity incentive plan that will include at least four million (4,000,000) shares of Common Stock, and shall register such shares on a Form S-8 registration statement filed with the Securities and Exchange Commission, as soon as commercially practicable after the date of this Agreement. On the date that the Company increases the number of shares of Common Stock in the Plan or, alternatively, adopts a new employee equity incentive plan, the Company shall grant to Executive, from the Plan or from the newly adopted employee equity incentive plan, an option to purchase 4,000,000 shares of Common Stock. The per share exercise price will be no less than 85% of the last trading price of the Common Stock on the date that the grant is made. The option shall have a term of seven years. The option shall vest as follows: (i) upon the completion of the MAPSANDS technology and a government sponsored demonstration completed in any country, Executive shall be entitled to purchase one million (1,000,000) shares of Common Stock; (ii) upon the receipt of a purchase order accepted by the Company, or the execution by the Company of an agreement, for the MAPSANDS technology or other products, which purchase order or agreement has a value to the Company of no less than one million dollars ($1,000,000), Executive shall be entitled to purchase five hundred thousand (500,000) shares of Common Stock; (iii) upon the receipt of a purchase order accepted by the Company, or the execution by the Company of an agreement, for the MAPSANDS technology or other products, which purchase order or agreement has a value to the Company of no less than five million dollars ($5,000,000), Executive shall be entitled to purchase five hundred thousand (500,000) shares of Common Stock; (iv) upon the receipt of a purchase order accepted by the Company, or the execution by the Company of an agreement, for the MAPSANDS technology or other products, which purchase order or agreement has a value to the Company of no less than ten million dollars ($10,000,000), Executive shall be entitled to purchase one million (1,000,000) shares of Common Stock; (v) if, for two consecutive quarte...
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Stock Grant and Options. The Executive will receive a grant of 50,000 shares of Frontier Oilfield Services, Inc as a sign on bonus for his services as President of Trinity Disposal and Trucking, LLC. In addition, as part of his annual compensation for his services the following amlual stock grant and options: i) Grant: Executive shall annually receive 5,000 common shares of the Company common stock times his number of years completed service to the Corporation to a maximum of 100,000 shares. ii) Option: Executive shall receive the right to purchase up to 15,000 shares of the Company’s common stock per calendar quarter at an exercise price equal to the ending bid price of the last market day prior to the date of the option award. The option exercise period for each option will be up to two years from its date of issuance, at which time the option will expire. In the event of a change in ownership, all unexercised options will be accelerated to the current monthly period. The common stock issued to Executive will bear the appropriate legend.
Sample 1
Stock Grant and Options. Upon execution of this Agreement, DSSI shall issue to the Executive or his designees, which may include one or more trusts, under the Company' 1994 Stock Incentive Plan, (i) 100,000 shares of the common stock of DSSI, as well as an additional 95,000 shares which shall vest in accordance with the following schedule: ------------------------------------------------------------------- Vesting Date Number of Shares ------------------------------------------------------------------- 2nd Year Anniversary of the Date Hereof 31,666 ------------------------------------------------------------------- 3rd Year Anniversary of the Date Hereof 31,667 ------------------------------------------------------------------- 4th Year Anniversary of the Date Hereof 31,667 ------------------------------------------------------------------- and (ii) options (the "Options") to purchase 305,000 shares of the common stock of DSSI in accordance with the 1994 Stock Incentive Plan, and subject to the following vesting schedule: -------------------------------------------------------------------- Vesting Date Number of Options -------------------------------------------------------------------- 24 Month Anniversary of the Date Hereof 105,000 -------------------------------------------------------------------- 30 Month Anniversary of the Date Hereof 100,000 -------------------------------------------------------------------- 42 Month Anniversary of the Date Hereof 100,000 -------------------------------------------------------------------- The Options shall expire on January 1, 2014 subject to earlier termination upon termination of employment of the Executive, in which event the Options shall terminate no earlier than twelve (12) months subsequent to the termination of employment of the Executive, other than in the event of a Termination for Cause (as defined in Section 7 hereof), in which event the Options shall terminate three (3) months subsequent to the termination of employment of the Executive. In the event of a Change of Control (as defined in Section 6(c) all stock grants and option grants pursuant to this Section 5(f) shall become immediately fully vested.
Sample 1
Stock Grant and Options. Xxxxxxxx shall receive a one-time grant of incentive options to purchase 150,000 shares of the Company's common stock a price of $0.55 per share, which grants shall be awarded immediately as a signing bonus under this compensation plan. The common stock underlying these options represents15% of the total issued and outstanding common stock of Bravo! on a fully diluted basis, as of the date of the option grant. These options shall be exercisable immediately and for a five year period ending June 30, 2005. These options shall be governed by a separate Incentive Stock Option Agreement between Xxxxxxxx and the Company.
Sample 1
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Stock Grant and Options. Upon the date of execution of this Agreement, Employee shall receive a grant of 100,000 shares of the Company's common stock, which shares shall vest in Employee as follows: the first 34,000 shares shall vest on November 21, 1997, the second 33,000 shares shall vest on November 21, 1998, and the last 33,000 shares shall vest on November 21, 1999. In addition, upon the date of execution of this Agreement the Company shall cause to be granted to Employee, under the Company's 1994 Stock Option Plan, options with respect to 300,000 shares of Company stock, each such option to be exercisable at a price of $7.75 per share and to vest at the rate of 100,000 shares per year at the same times as the Company stock granted to Employee shall vest. To the maximum extent permitted by law, such options shall be incentive stock options, within the meaning of section 422 of the Internal Revenue Code of 1986. as amended.
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Related to Stock Grant and Options

  • Stock Grants You may receive stock awards under an equity incentive compensation plan of Tyson then in effect (if any), on terms and in amounts consistent with those provided to other employees in your Band, subject to the discretion of the senior management of Tyson.

  • Stock Grant Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company grants to the Employee _________ shares of the common stock of the Company, subject to the terms and conditions and restrictions set forth below. If at any time while this Agreement is in effect (or shares of common stock granted hereunder shall be or remain unvested while Employee’s employment continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such shares, then the Committee shall make any adjustments it deems fair and appropriate (in view of such change) in the number of shares of common stock then subject to this Agreement. If any such adjustment shall result in a fractional share, such fraction shall be disregarded.

  • Restricted Stock Grant As a member of Employer’s senior management team, Employee will be eligible for annual Restricted Stock Grants pursuant to Anaren’s 2004 Comprehensive Long Term Incentive Plan, as amended (“2004 Plan”) equal in value to 16% of his Base Salary for the respective year. Restrictive Stock Grants will be made annually at the same time other Restricted Stock Grants are made by Anaren to its senior management team, provided Employee is employed with Employer on that date. All Restricted Stock grants issued pursuant to this provision will be subject to the terms of the 2004 Plan, including, but not limited to, a thirty-six (36) month forfeiture provision. Notwithstanding anything to the contrary, in the event Employee concludes employment on or after the expiration of the Period of Employment, Employee shall be entitled if the forfeiture period has not otherwise lapsed only to a pro-rata portion of each unvested Restricted Stock Grant based on the number of months employed by Employer from the date of grant to the expiration of the Period of Employment. In the way of example, if Employee has been employed for 9 months of the 36 month forfeiture period at the end of his Period of Employment, he will receive 25% of the Restricted Shares granted. If Employee remains employed by Employer on a full time basis (30 hours or more per week) after the Period of Employment as an at-will employee, all previously issued restricted stock shall continue to vest in accordance with the terms of the 2004 Plan.

  • Grant and Exercise of Option Provided that (i) no Default has occurred and is then continuing (ii) the creditworthiness of Tenant is then reasonably acceptable to Landlord and (iii) Tenant originally named herein or a Permitted Transferee remains in possession of the Leased Premises throughout the term immediately preceding the Extension Term (as defined below), Tenant shall have the option to extend the Lease Term for two (2) additional periods of five (5) years each (the "Extension Term(s)"). Each Extension Term shall be upon the same terms and conditions contained in the Lease except (x) this provision giving two (2) extension options shall be amended to reflect the remaining options to extend, if any, and (y) any improvement allowances or other concessions applicable to the Leased Premises under the Lease shall not apply to the Extension Term, and (z) the Minimum Annual Rent shall be adjusted as set forth below (the "Rent Adjustment"). Tenant shall exercise each option by delivering to Landlord, no later than twelve (12) months prior to the expiration of the preceding term, written notice of Tenant's desire to extend the Lease Term. Tenant's failure to timely exercise such option shall be deemed a waiver of such option and any succeeding option. Landlord shall notify Tenant of the amount of the Rent Adjustment no later than one hundred eighty (180) days prior to the commencement of the Extension Term. Tenant shall be deemed to have accepted the Rent Adjustment if it fails to deliver to Landlord a written objection thereto within thirty (30) days after receipt thereof. If Tenant exercises its option to extend in accordance with the terms hereof, Landlord and Tenant shall execute an amendment to the Lease reflecting the terms and conditions of the Extension Term within thirty (30) days after Tenant's acceptance (or deemed acceptance) of the Rent Adjustment.

  • Stock Option Grants Pursuant to the following terms and conditions, the Executive shall be eligible to participate in Holdings’ stock option plan and Holdings agrees as follows: i. Holdings shall establish a stock option plan (“Stock Option Plan”) providing for grants of options (the “Stock Options”) to purchase the common stock of BD Investment Holdings Inc., par value $0.01 (the “Buyer Common Stock”) in amounts not less than (i) 2% of the Buyer Common Stock (on a fully-diluted post-exercise basis) in the aggregate per year for all executives, employees and financial advisors of the Company and its subsidiaries, including the Executive selected by the Board after consultation with, and based on the recommendation of, the CEO, for the calendar years beginning on January 1, 2008 and January 1, 2009 and (ii) 2.5% of the Buyer Common Stock (on a fully-diluted post-exercise basis) in the aggregate per year for all executives, employees and financial advisors of the Company and its subsidiaries, including the Executive, selected by the Board after consultation with, and based on the recommendation of, the CEO, for the calendar years beginning on January 1, 2010 and January 1, 2011. ii. Beginning in January 2008, each annual Stock Option grant shall be made between the first and fifteenth business day of the year, unless the CEO, in his sole discretion, shall agree with the Board to a later date during such year (the “Default Date”). If the Board does not approve Stock Option grants in the amounts set forth in Section 4(c)(i) by the Default Date, then Stock Options in such amounts shall be granted pro-rata to existing option holders and employee stockholders as of such date of grant, except that the CEO’s share of such Stock Option grants shall be reduced by 75% and the other four most highly compensated executives’ share of such Stock Option grants shall be reduced by 50%. iii. The per share exercise price of each Stock Option shall be equal to the Fair Market Value of a share of Buyer Common Stock on the date of grant. Each Stock Option granted shall vest in five equal tranches on each of the first five anniversaries of the date of grant subject to the option holder’s continued employment as of each such vesting date; provided, however, that all Stock Options shall automatically vest in full upon a “change in control” (as defined in the Option Plan, it being understood that an IPO shall in no event constitute a change in control). Notwithstanding any provision of this Agreement to the contrary, following an IPO, no additional Stock Options shall be granted pursuant to the Stock Option Plan. iv. Upon termination of his employment, the portion of any Stock Option granted to the Executive which has not yet vested shall terminate. In the event the Executive’s employment terminates for any reason other than for Cause, the Executive may exercise any vested portion of any Stock Option held by him on the date of termination provided that he does so prior to the earlier of (A) ninety (90) days following termination of employment and (B) the expiration of the scheduled term of the Stock Option. Notwithstanding the foregoing, if the Executive’s employment is terminated due to death or disability (as defined in Section 5(b)), then the Executive or, as applicable in the event of death, his beneficiary or estate, may exercise any vested portion of any Stock Option held by the Executive on the date employment terminates for the shorter of (A) the period of twelve (12) months following the termination date and, (B) with respect to each Stock Option individually, the expiration of the scheduled term of such Stock Option. Upon a termination of the Executive’s employment by the Company for Cause, all Stock Options shall be forfeited immediately. v. Holdings, the Company and the Executive agree to cooperate to structure the Stock Option Plan so as to minimize or avoid additional taxes and interest that would otherwise be imposed on the Executive with respect to options granted under the Stock Option Plan pursuant to Section 409A of the Internal Revenue Code as amended (the “Code”); provided, however, that the Company shall have no obligation to grant the Executive a “gross-up” or other “make-whole” compensation for such purpose.

  • Stock Options With respect to the stock options (the “Stock Options”) granted pursuant to the stock-based compensation plans of the Company and its subsidiaries (the “Company Stock Plans”), (i) each Stock Option intended to qualify as an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”) so qualifies, (ii) each grant of a Stock Option was duly authorized no later than the date on which the grant of such Stock 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 stockholder 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 Stock Plans, the Exchange Act and all other applicable laws and regulatory rules or requirements and (iv) each such grant was properly accounted for in accordance with GAAP in the financial statements (including the related notes) of the Company and disclosed in the Company’s filings with the Commission in accordance with the Exchange Act and all other applicable laws. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Stock Options prior to, or otherwise coordinating the grant of Stock Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • Option Grants During the Employment Period, Executive shall be eligible to participate in the Instinet 2000 Stock Option Plan (as the same may be amended and in effect from time to time, the "2000 Option Plan") and any subsequent stock option plan maintained by the Company for its senior executives, subject to the review and approval of the Compensation Committee. The terms and conditions of all options to purchase shares of common stock granted to Executive under the 2000 Option Plan or under any prior or subsequent stock option plan maintained by the Company or its Affiliates (including any options granted to Executive prior to the Commencement Date) (collectively, the "Options"), including the grant, vesting, exercise, payment and all other terms of such Options, shall be governed by the terms of the stock option plan under which such Options were granted, as such plan or plans may be amended and in effect from time to time.

  • Restricted Stock Awards Each Encompass Restricted Stock Award that is outstanding as of immediately prior to the Effective Time shall be treated as follows: (i) If the holder is an Encompass Group Employee, such award shall be converted, as of the Effective Time, into a Post-Separation Encompass Restricted Stock Award, and shall, except as otherwise provided in this Section 4.02, be subject to the same terms and conditions (including with respect to vesting) after the Effective Time as were applicable to such Encompass Restricted Stock Award immediately prior to the Effective Time; provided, however, that from and after the Effective Time, the number of Encompass Shares subject to such Post-Separation Encompass Restricted Stock Award shall be equal to the sum of all the Encompass Shares subject to all tranches of the Award where the number of Encompass Shares subject to each tranche is equal to the product, rounded up to the nearest whole number of shares for each such tranche, obtained by multiplying (A) the number of Encompass Shares subject to such tranche of the corresponding Encompass Restricted Stock Award immediately prior to the Effective Time, by (B) the Encompass Ratio. (ii) If the holder is an Enhabit Group Employee, such award shall be converted, as of the Effective Time, into an Enhabit Restricted Stock Award, and shall, except as otherwise provided in this Section 4.02, be subject to the same terms and conditions (including with respect to vesting) after the Effective Time as were applicable to such Encompass Restricted Stock Award immediately prior to the Effective Time; provided, however, that from and after the Effective Time, the number of Enhabit Shares subject to such Enhabit Restricted Stock Award shall be equal to the sum of all the Enhabit Shares subject to all tranches of the Award where the number of Enhabit Shares subject to each tranche is equal to the product, rounded up to the nearest whole number of shares for each such tranche, obtained by multiplying (A) the number of Encompass Shares subject to such tranche of the corresponding Encompass Restricted Stock Award immediately prior to the Effective Time, by (B) the Enhabit Ratio.

  • Restricted Stock Shares of restricted stock granted to the Executive by the Company which have not become vested as of the date of termination of the Executive’s employment, as provided in Section 7(b), shall immediately become vested on a pro rata basis upon the Release becoming irrevocable. The number of such additional shares of restricted stock that shall become vested as of the date of the Executive’s termination of employment shall be that number of additional shares that would have become vested through the date of such termination of employment at the rate(s) determined under the vesting schedule applicable to such shares had such vesting schedule provided for the accrual of vesting on a daily basis (based on a 365-day year). The pro rata amount of shares vesting through the date of non-renewal shall be calculated by multiplying the number of unvested shares scheduled to vest in each respective vesting year by the ratio of the number of days from the date of grant through the date of non-renewal, and the number of days from the date of grant through the original vesting date of the respective vesting tranche. Any shares of restricted stock remaining unvested after such pro rata acceleration of vesting shall automatically be reacquired by the Company in accordance with the provisions of the applicable restricted stock agreement, and the Executive shall have no further rights in such unvested portion of the restricted stock. In addition, the Company shall waive any reacquisition or repayment rights for dividends paid on restricted stock prior to Executive’s termination of employment.

  • 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.

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