Stock Option Bonus. The Company agrees that, from time to time during the Employment Term, the Employee may be eligible for additional stock option grants as determined, on an annual basis, by the Board and based upon the successful completion of annual goals and objectives as determined by the Board. All such grants shall vest in accordance with the Company’s standard form option grant agreement. The decision of the Board as to whether or not to award any stock options shall be final and binding on the parties.
Stock Option Bonus. In the years 2015 through 2018 Executive and all employed staff of EE with a constant service history of twelve months or more will qualify for options based on a qualified plan established and approved by the Board of Directors.
Stock Option Bonus. The Executive shall be entitled to receive an annual stock option bonus based on the Executive's performance during the applicable year. The amount of the stock option bonus in any year shall be determined by reference to the profitability of the Company and such other measures as the Board of Directors and the Executive may agree. The terms and conditions relating to the stock option bonus shall be negotiated in good faith. The annual stock option bonus shall have the same price and duration terms as the grant of Initial Stock Options as set forth above and such bonus stock options shall be governed by the terms of Section 4.2, in all respects. The minimum number of shares optioned each year shall be 50,000 shares.
Stock Option Bonus. As additional compensation hereunder, the Corporation shall issue to Employee options under its Stock Incentive Plan to purchase 50,000 shares of its Common Stock at the price of $.01 per share in accordance with the Stock Option Agreement annexed hereto. Such options shall not be exercisable unless and until Employee has completed three (3) months of employment hereunder without the Company exercising its right to terminate this Agreement under P. 6 hereof.
Stock Option Bonus. Bermxx xxxll be entitled to an annual stock option bonus of a grant of up to 15,000 additional stock options, such bonus to be determined solely by the Company's Board of Directors.
Stock Option Bonus. (a) On the Signing Date of this Agreement, the Executive shall be granted options to purchase five hundred thousand (500,000) shares of the Company's common stock. All options shall be Non-Qualified Stock Options with an exercise price equal to the closing stock price on the date of the grant.
Stock Option Bonus. The Company will grant to Employee a bonus in the form of non-qualified stock options for each quarter during fiscal years 2002 and 2003 and for each of the first three quarters of fiscal 2004 that the Company sales exceed the sales quota for such quarter. Each option vesting start dates will be the last day of the quarter in the which the condition giving rise to the option has occurred, and the options relating to any quarter will be granted at the meeting of Company’s Board of Directors next following the end of the quarter. The options will be in the following amounts under the following conditions: 5,000 options if 105% or more but less that 110% of the sales quota is attained in any quarter;
Stock Option Bonus. A stock option award (the “Stock Option Bonus”) with a cash value (based on the Black-Scholes valuation model and related assumptions used by the Company for financial accounting purposes) as of the date of grant equal to $300,000. The Stock Option Bonus will be granted as soon as reasonably practicable following the beginning of each fiscal year, on such date as determined by the Board or Compensation Committee. The Stock Option Bonus will be governed by and subject to the terms and conditions set forth in the Plan and related form of stock option agreement, which Executive will be required to execute. Except as otherwise expressly provided in this Agreement, the shares subject to the Stock Option Bonus shall vest in equal quarterly installments over a three-year period, subject to Executive’s Continuous Service (as defined in the Plan) as of each such vesting date.
Stock Option Bonus. A fully-vested stock option award (the “Stock Option Bonus” and, together with the Cash Bonus and the RSU Bonus, the “Fiscal 2024 Bonuses”) with a target cash value (based on the Black-Scholes valuation model and related assumptions used by the Company for financial accounting purposes) of $300,000; provided, however, that the maximum cash value of any such Stock Option Bonus shall not exceed $550,000. The exact amount of the Stock Option Bonus shall be determined by the Compensation Committee in its sole and absolute discretion. The Stock Option Bonus, if any, will be paid on such date as determined by the Board or Compensation Committee. The Stock Option Bonus will be governed by and subject to the terms and conditions set forth in the Plan and related form of stock option agreement, which Executive will be required to execute, and will remain exercisable for 12 months after the later of (i) the date on which the Stock Option Bonus is granted and (ii) the termination of Executive’s employment with the Company.
Stock Option Bonus. In addition to cash compensation set forth above, the Company will pay Employee a bonus payable in common stock options as follows:
