Stock Option Terms Clause Samples

The STOCK OPTION TERMS clause defines the rules and conditions under which stock options are granted to individuals, typically employees or contractors, by a company. It outlines key details such as the number of options awarded, the vesting schedule, exercise price, and any restrictions on transfer or exercise. This clause ensures that both the company and the option holder understand their rights and obligations regarding the options, providing clarity and preventing disputes over equity compensation.
Stock Option Terms. Stock options included in an Annual Stock Award or Performance Stock Options shall be issued in accordance with the terms of this Agreement and the Parent Corporation’s Amended and Restated 2002 Omnibus Plan, as amended, or such other stock plan of the Parent Corporation as may then be in effect and pursuant to which ▇▇▇▇▇▇▇▇▇ is then eligible to receive stock awards (such plan being the “Current Plan”), shall, subject to the other terms of this Agreement: (i) vest twenty-five percent (25%) each year, commencing on the first anniversary of the grant; provided that the Initial Options shall vest twenty-five percent (25%) each July 14, commencing on July 14, 2007; (ii) have an exercise price equal to the Fair Market Value (as defined in the Current Plan) on the grant date; (iii) be non-qualified stock options; (iv) not be entitled to any Dividend Equivalents (as defined in the Current Plan); and (v) expire ten (10) years following the grant date, and shall otherwise be issued on terms and conditions consistent with stock options then being issued by the Committee to other corporate officers who are members of Employer’s Executive Committee and Strategy and Planning Committee. All stock options which are granted to ▇▇▇▇▇▇▇▇▇ on or after July 24, 2002, and which are vested at the time of termination of ▇▇▇▇▇▇▇▇▇’▇ employment with the Employer, will remain outstanding until the expiration of their terms, (i) if ▇▇▇▇▇▇▇▇▇’▇ employment is terminated (A) on account of retirement after ▇▇▇▇▇▇▇▇▇ has attained age sixty-two (62), (B) pursuant to subparagraphs 10(b) (without good cause), 10(c) (disability) or 10(d) (death) hereof, or (C) pursuant to Sections 5(a) and 6(b) and (c) (death or disability), 5(c) and 6(a) (Good Reason), or 6(a) (without Cause) of the Amended Employment Agreement (as defined in subparagraph 10(e)) after a Change of Control (as defined in Section 2 of the Amended Employment Agreement); or (ii) upon the occurrence of a Change of Control Event as defined in the Current Plan, subject in the case of this clause (ii) to any provisions of the Current Plan and its stock option agreements regarding acceleration or termination of stock options upon a Change of Control Event. All stock options which are granted to ▇▇▇▇▇▇▇▇▇ and are not vested at the time of termination of ▇▇▇▇▇▇▇▇▇’▇ employment with the Employer will expire upon termination of ▇▇▇▇▇▇▇▇▇’▇ employment except: (1) any stock options included the Initial Awards (as defined in subparagraph 7...
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Stock Option Terms. Subject to the right of the Holding Company to provide for earlier termination in the event of any merger, acquisition or consolidation involving the Holding Company, the term of each Stock Option shall be fixed by the Committee; except that the term of Incentive Stock Options will not exceed ten years after the date the Incentive Stock Option is granted; provided, however, that in the case of a Participant who owns a number of Common Shares representing more than 10% of the Common Shares outstanding at the time the Incentive Stock Option is granted, the term of the Incentive Stock Option shall not exceed five years.
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Stock Option Terms. The parties acknowledge that Russell holds the following unexercised non-qualified stoc▇ ▇▇▇▇▇ns granted under the Company's Executive Long-Term Incentive Plan: DATE OF GRANT OPTIONS OUTSTANDING AS OF 8/28/2001 ------------- ----------------------------------- January 2, 1998 20,304 December 31, 1998 19,696 January 4, 1999 40,000 June 1, 1999 15,890 July 1, 1999 19,297 (replacement options) July 1, 1999 19,054 (replacement options) January 3, 2000 87,466 January 2, 2001 55,064 Total 276,771 Contingent upon Russell's execution of this Agreement, the Company, throug▇ ▇▇▇ ▇▇mpensation Committee of its Board of Directors, has approved (1) the amendment of those Company stock options previously granted to Russell, as described above, to provide that the term of e▇▇▇ ▇▇all expire on August 31, 2004, the third anniversary of Russell's resignation, (2) the amendment of the January 3, 2000 option to accelerate the vesting of 43,733 unvested options to August 31, 2001, and (3) the amendment of the January 2, 2001 option to accelerate the vesting of 27,532 unvested options to August 31, 2001, and that as a result of these actions an aggregate of 249,239 options shall be vested and exercisable through the close of business on August 31, 2004. Russell's exercise of all or any portion of the 249,239 vested options shall be governed exclusively by the respective stock option agreement and the Executive Long-Term Incentive Compensation Plan, except that there shall be no reload feature with respect to any of such 249,239 options whenever exercised, including any options exercised prior to termination of employment status on August 31, 2001. All unvested options are forfeited and, in the event Russell has not exercised the 249,239 vested options by Augu▇▇ ▇▇, 2004, such vested options shall also be forfeited. Russell acknowledges that all vested options are non-qualif▇▇▇ ▇▇ock options so that, upon exercise of his stock options, he will recognize (and be taxed as) ordinary income for the excess of the then fair market value of the stock acquired upon exercise of the option over the purchase price for the stock acquired.
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Stock Option Terms. The terms of this Annex A will apply to the Sign On Grant, which shall be granted under the Company’s 2006 and/or 2008 Stock Option Plans, and/or the Company’s 2013 Omnibus Incentive Plan or such other arrangement as approved by the Board, on terms acceptable to Executive and consistent with customary practice. Such Sign On Grant shall be the subject of an award agreement acceptable to the Executive. ’1 ■ The Sign On Grant will cover shares of the Company’s common stock. ■ For purposes of the Sign On Grant (and any other equity award granted to the Executive), references in the Sign On Grant to terms that are defined herein, in the Plan or the Annexes (including without limitation the definition of “Cause”) shall have the meanings ascribed them herein, the Plan or the Annexes as applicable. ■ The Sign On Grant will be awarded in respect of 1,500,000 shares, in three tranches of 500,000, with each tranche having an exercise price as follows: ● Tranche A: 500,000 shares with an exercise price of $0.50 per share ● Tranche B: 500,000 shares with an exercise price of $0.70 per share ● Tranche C: 500,000 shares of the Company with an exercise price of $0.90 per share ■ One third of the Sign On Grant will vest immediately, one third of the Sign On Grant will be vested on the first anniversary of the date hereof and one third of the Sign On Grant will be vested on the second year anniversary of the date hereof. The Sign on Grant shall become fully vested and nonforfeitable upon a Qualifying Termination. ■ The option term will expire on September 30, 2020 and the Sign On Grant will be exercisable at any time during the option term; provided, that the option term will expire on the three year anniversary of any termination that is not a Qualifying Termination (i.e., a resignation by the Executive without Good Reason or the Company’s termination for Cause), but in no event later than September 30, 2020. ■ The Sign On Grant will provide for cashless and net exercise and/or by the delivery of vested shares held by the Executive, and shall not permit withholding of shares to satisfy tax obligations. ■ The terms of the Sign On Grant shall be adjusted for any ordinary or extraordinary dividend, transaction, or customary adjustment events declared by the Board. ■ Registration Rights will be afforded the Executive with respect to the shares underlying the Sign On Grant.
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Stock Option Terms. ProxyMed agrees that the stock options to purchase up to 68,543 shares of ProxyMed common stock previously awarded to Consultant (the "Stock Options") shall continue to vest in accordance with the terms of such options as if Consultant were a full-time employee of PlanVista until the earlier of the expiration of the Consulting Term and the Termination Date; provided, however, that all of such Stock Options shall immediately vest upon the occurrence of a "Change in Control," as such term is defined in the ProxyMed, Inc. 2002 Stock Option Plan (the "Plan"). All vested options will be exercisable for 90 days following the earlier of the expiration of the Consulting Term and the Termination Date. All unvested options on the Termination Date shall be forfeited and immediately cancelled. The parties acknowledge that the Stock Options were granted pursuant to the Plan. Notwithstanding any other provision of this Agreement or the Plan, the parties intend that the Stock Options shall remain in effect and shall continue to vest as provided herein. Therefore, in the event that there is any conflict between the terms of this Agreement and the Plan or agreement pursuant to which Consultant received the Stock Options, the terms of this Agreement shall govern.
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Stock Option Terms. Allocated Options will have a term of 10 years.
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Stock Option Terms. The Option Price shall be determined by the Committee at the time of grant; provided, however, subject to Section 5.7, the Option Price shall not be less than one-hundred percent (100%) of the Fair Market Value of a Share on the date of grant.
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Stock Option Terms 
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Related to Stock Option Terms

  • 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 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 Option Agreement Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. Options may be granted in consideration of a reduction in the Optionee’s other compensation.

  • Stock Option Award In the event of Employee’s involuntary Termination of Employment without Cause or Termination of Employment due to a resignation by Employee for Good Reason that, in either case, occurs on or before the second anniversary of a Change in Control, the Stock Option Award shall become exercisable immediately (whether or not previously exercisable) and shall remain exercisable for the three year period following such Termination of Employment. For this purpose, “Good Reason” has the same meaning determined by Employee’s written employment agreement in effect on the Grant Date. In the event there is no such agreement or definition, then Good Reason means the initial existence of one or more of the following conditions, arising without the consent of the Employee: (1) a material diminution in Employee’s base compensation; (2) a material diminution in Employee’s authority, duties, or responsibilities, so as to effectively cause Employee to no longer be performing the duties of his position; (3) a material diminution in the authority, duties, or responsibilities of the supervisor to whom Employee is required to report.

  • 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.