Stock Incentive Program Sample Clauses

Stock Incentive Program. Employee shall be entitled to participate in the Guaranty Bank and Trust Company, 1999 Stock Incentive Plan, and any successor plan.

Stock Incentive Program. For each calendar year during the Term beginning with 2024, to the extent ANLBC (or its parent company) offers any stock option, stock appreciation, restricted stock or other similar equity incentive plan, generally consistent with prior ANLBC (or its parent company) long term incentive plans that were tied to, tracked or covered shares with respect to or reference to, the value of ANLBC (the “ANLBC Stock Incentive Plan”), and subject to approval of the administrator of the ANLBC Stock Incentive Plan, Executive shall be eligible to receive from such Stock Incentive Plan an equity award with a grant date fair value of $1,100,000 (the “Annual Equity Value”), as calculated using the standard grant practices of ANLBC (or its parent company), per calendar year. The amount and terms of vesting of each equity award grant will be determined by the administrator of the ANLBC Stock Incentive Plan in its sole discretion, will be subject to the terms of the ANLBC Stock Incentive Plan as it may be modified or amended from time to time, and will be granted pursuant to an equity award agreement in the form approved by the administrator of the ANLBC Stock Incentive Plan from time to time. Notwithstanding anything herein to the contrary, neither ANLBC nor its parent company shall be obligated to institute or maintain any particular program or plan or aspect thereof. Commencing in 2024, in the event Executive has not received awards with aggregate grant date fair values of at least $1,100,000 per year of the Term, as calculated using the standard grant practice of ANLBC (or its parent company), from any such ANLBC Stock Incentive Plan(s) in place during the Term (any such shortfall, the “Annual Equity Shortfall Amount”), ANLBC agrees to pay to Executive any such Annual Equity Shortfall Amount in cash, additional equity grants or additional cash-based awards before December 31 of such year. By way of example and not limitation, if Executive was granted an award under the ANLB Stock Incentive Plan with a grant date value of $1,000,000 in 2024, as calculated using the standard grant practices of ANLBC (or its parent company), ANLBC agrees to pay to Executive $100,000 in cash or cash-based awards, as calculated using the standard grant practices of ANLBC (or its parent company), on or before December 31 of 2024. For the avoidance of doubt, ANLBC reserves the right to satisfy the Annual Equity Value solely in cash or cash-based awards, in each case, subject to the same terms and...

Stock Incentive Program. In addition to new hire option grants of 500,000 shares of Company Common Stock (the “Option”) , and any other outstanding options that Executive may currently hold, Executive is eligible to participate in the Company’s 2022 Equity Incentive Plan (the “Program”). The number of shares awarded will be based solely on the Company’s achievement of business and other goals solely determined by the Board prior to the start of each fiscal year. Options earned under this Program will be granted no later than February following the close of the applicable fiscal year. Any Option granted pursuant to this Program will have a purchase price equal to the fair market value on the grant date, and shall be subject to the terms of a notice of stock option grant. The Option will vest and become exercisable on the first anniversary date of this Agreement. Vesting is contingent upon Executive’s continued employment with the Company.

Stock Incentive Program. In addition to new hire option grants and any other outstanding options that Executive may currently hold, Executive is eligible to participate in the Stock Incentive Program (the “Program”) whereby each year Executive may receive an option for up to that number shares of Company Common Stock (the “Option”), as determined by the board of directors of the Company. The number of shares awarded will be based solely on the Company’s achievement of business and other goals solely determined by the Board prior to the start of each fiscal year. Options earned under this Program will be granted no later than February following the close of the applicable fiscal year. Any Option granted pursuant to this Program will have a purchase price equal to the fair market value on the grant date, and shall be subject to the terms of incentive stock option agreement or a notice of stock option grant, as is appropriate. The Option will vest and become exercisable over a four (4) year vesting period such that 1/48 of the total number of Option shares will vest and become exercisable on each monthly anniversary. Vesting is contingent upon Executive’s continued employment with the Company.

Stock Incentive Program. The Executive is eligible to be granted stock based compensation in accordance with the terms and conditions of the KAL Energy Stock Incentive Plan Prospectus, as may be varied by The Company from time to time.

Stock Incentive Program. At some point in the future, Employee may be entitled to participate in Eco's stock incentive program and would do so based on the terms and conditions as spelled out in the proposed Non-qualified Stock Option Plan, a copy has been provided to Employee. Employer and Eco reserve the right to amend or terminate such non-qualified Stock Option Plan, in their sole discretion.

Stock Incentive Program. Employee shall be entitled to participate in Eco's stock incentive program and may do so in accordance with the terms and conditions spelled out in that certain Non-qualified Stock Option Plan effective October 1, 1995, a copy of which is attached hereto as Exhibit "A" and incorporated herein by this reference.

Stock Incentive Program. Executive shall receive a non-qualified option to purchase 1,466,266 shares of common stock of the Company, 50% of which shall vest and become exercisable upon the earlier of (i) such time as the Company closes on a financing in which the Company receives net proceeds of not less than $30,000,000 and (ii) 120 days after an event of termination of Executive under this Agreement, and 50% of which shall vest and become exercisable one (1) year after the date of this Agreement, at a purchase price of $5.50 per share, which option shall terminate three years after the date of this Agreement (the “Option”). The Option shall otherwise be governed by the Company’s 2006 Stock Option Plan. Additionally, Executive is eligible to participate in the Company’s program to issued options to employees of the Company under 2006 Stock Option Plan (the “Program”), whereby each year options to Executive may be awarded based solely on the Company’s achievement of business and other goals solely determined by the Board prior to the start of each fiscal year. Options earned under this Program, if any, will be granted no later than February following the close of the applicable fiscal year. Any option granted pursuant to this Program will have a purchase price equal to not less than the fair market value on the grant date, and shall be subject to the terms of the Company’s 2006 Stock Option Plan. Vesting for any option granted by the Company is contingent upon Executive’s continued employment with the Company.

Stock Incentive Program. You will be eligible to participate in the Company's stock incentive program. Upon commencement of your employment with the Company, the Company will grant to you a nonstatutory stock option to purchase 125,000 shares of the Company's Common Stock, which option is granted pursuant to the inducement grant exception under NASDAQ Rule 5635(c)[4] and not pursuant to the Company’s 2013 Stock Incentive Plan (the “Plan”) or any equity incentive plan of the Company. The inducement grant shall have an exercise price equal to the closing price of the Company’s common stock on the Nasdaq Global Select Market on your start date and shall vest over four years, with 25% of the original number of shares on the first anniversary of your first day of employment and the balance vesting in equal quarterly installments thereafter, and shall be subject to such other terms as are customary for the Company’s options under the Plan.

Stock Incentive Program. In addition to new hire option grants and any other outstanding options that Executive may currently hold, Executive is eligible to participate in the Stock Incentive Program (the "Program") whereby each year Executive may receive an option for up to 15,000 shares of Company Common Stock (the "Option"). The number of shares awarded will be based solely on the Company's achievement of scientific and business goals solely determined by the Board prior to the start of each fiscal year. Options earned under this Program will be granted no later than February following the close of the applicable fiscal year. Any Option granted pursuant to this Program will have a purchase price equal to the fair market value on the grant date, and shall be subject to the terms of a Stock Option Agreement, the form of which is attached hereto as Exhibit A. The Option will vest and become exercisable over a four (4) year vesting period such that 1/48 of the total number of Option shares will vest and become exercisable on each monthly anniversary. Vesting is contingent upon Executive's continued employment with the Company.