Stock Option Compensation Sample Clauses

Stock Option Compensation. Executive shall also be eligible to participate in stock option, incentive compensation and other plans providing opportunities to receive additional compensation.
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Stock Option Compensation. Executive shall be granted an option to purchase 1,000,000 shares of common stock which vests immediately at 500,000 initial options upon signing the agreement, and then in equal monthly amounts through 2010. The option grants described above shall have a life of 10 years from January 1, 2010 and be issued from the 2007 Stock Compensation Plan with the exercise price equal to the closing market price of the common stock on the date this agreement is signed.
Sample 1
Stock Option Compensation. Executive shall be granted options within sixty (60) days of the Commencement of the term of this Agreement to purchase 30,000 shares of the Company's Class A Common Stock, at the market price of such stock at the date of grant, one-fifth (1/5) which shall vest each year, subject to performance goals established by the Compensation Committee. Executive shall also be eligible to participate in stock option, incentive compensation and other plans providing opportunities to receive additional compensation.
Sample 1
Stock Option Compensation. Realized gain on marketable securities (net of tax effect of $681,000)............. -- -- -- (1,323,000) -- -- (1,323,000) Other.................. -- -- 568,000 -- -- -- 568,000 Net loss............... -- -- -- -- -- (644,000) (644,000) Balance, December 31, ---------- -------- ----------- ----------- --------- ------------ ------------ 76,510,000 -- (393,000) (4,509,000) 71,756,000 92,000 -- -- -- 92,000 9,945,000 -- -- -- 9,967,000 1996................... 14,802,663 148,000 Stock option compensation.......... 10,000 -- Sale of common stock, net of expenses....... 2,211,900 22,000 Other.................. -- -- (502,000) -- -- -- (502,000) Net loss............... -- -- -- -- -- (17,617,000) (17,617,000) Balance, December 31, ---------- -------- ----------- ----------- --------- ------------ ------------ 1997................... 17,024,563 $170,000 $86,045,000 $ -- $(393,000) $(22,126,000) $ 63,696,000 ========== ======== =========== =========== ========= ============ ============ The accompanying notes are an integral part of these consolidated financial statements AMTECH CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS YEAR ENDED DECEMBER 31, ---------------------------------------- 1997 1996 1995 ------------ ------------ ------------ Cash flows from operating activities: Net loss............................ $(17,617,000) $ (644,000) $ (4,087,000) Adjustments to reconcile net loss to net cash used by operating activities: Depreciation and amortization...... 5,017,000 4,605,000 3,614,000 Deferred income taxes.............. 3,404,000 (91,000) (603,000) Realized gain on sale of marketable securities........................ -- (2,150,000) (1,040,000) Stock option compensation.......... -- 446,000 -- Tax benefit from exercise of stock options........................... -- 35,000 101,000 Purchased in-process research and development....................... -- -- 1,382,000 Changes in operating assets and liabilities: Accounts receivable............... (4,045,000) (2,284,000) (4,062,000) Inventories....................... 1,738,000 (2,114,000) 2,788,000 Prepaid expenses.................. 455,000 (531,000) 280,000 Intangibles and other assets...... 1,335,000 (1,871,000) 603,000 Accounts payable and accrued expenses......................... 4,793,000 1,417,000 1,629,000 Deferred income................... (412,000) (268,000) (1,233,000) Net cash used by operating ------------ ------------ ------------ activities...................... (5,332,000) (3,450,000) (628,000...
Sample 1
Stock Option Compensation. 3 (c) Fringe Benefits; Insurance............................. 3 (d) Reimbursement of Expenses.............................. 4 (e) Vacation and Sick Days................................. 4 5. Employee Conduct Prior to and Following Termination of Employment and Directorship.................................. 4 (a) Confidentiality........................................ 4 (b) Non-Competition Agreement.............................. 4 (c) Assignment of Rights to Proprietary Information and Inventions............................................ 5 (d) Return of Materials.................................... 5 6. General....................................................... 6 (a) Notices................................................ 6 (b)
Sample 1
Stock Option Compensation. The Employer shall issue to the ------------------------- Employee, within thirty (30) days of the date hereof, an option (the "Option") ------ to purchase two hundred fifty thousand (250,000) shares of the Common Stock, par value $0.01 per share ("Common Stock"), of the Company, at a price of Thirty- ------------ Five Cents ($0.35) per share, such Option to provide for 50% vesting at such time as the Employer's Common Stock first attains a value of $7.00 per share and for full (100%) vesting at such time as the Employer's Common Stock first attains a value of $10.50 per share (such valuation of the Common Stock to be defined by the Company's Board of Directors, from time to time, using its best judgement along with standard valuation techniques), to constitute an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended, and otherwise to contain such terms and conditions as are customary in such instruments.
Sample 1
Stock Option Compensation. Culture shall create a stock option plan. The stock available for grant of options under the plan shall be shares of Culture's authorized but unissued, or reacquired, common stock. Subject to adjustment as provided herein, the maximum aggregate number of shares of the Culture's common stock that may be optioned and sold under the plan shall be twenty percent (20%) of the issued and outstanding shares of the Culture's common stock on the date of this Agreement. The maximum aggregate number of shares of Culture's common stock that may be optioned and sold under the plan will be increased effective the first day of each of Culture's fiscal quarters, by an amount equal to the number of shares which is equal to 20% of the outstanding shares of the common stock on the first day of the applicable fiscal quarter, less the number of shares of common stock which may be optioned and sold under the plan prior to the first day of the applicable fiscal quarter.
Sample 1
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Stock Option Compensation 
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Related to Stock Option Compensation

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 50,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • 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.

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • 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.

  • 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.

  • Employee Stock Option Plan Employee shall be entitled to participate in the Employee Stock Option Plan of the Company once approved by the Board of Directors.

  • 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 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, including the rules of the New York Stock Exchange and any other exchange on which Company securities are traded, 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.

  • Equity-Based Compensation The Executive shall retain all rights to any equity-based compensation awards to the extent set forth in the applicable plan and/or award agreement.

  • Stock Option The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth on Schedule A. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time prior to the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement. Schedule A sets forth the date or dates after which the Optionee may exercise all or part of the Stock Option, subject to the provisions of the Plan.

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