Stock Options and Related Incentive Plans. During each calendar year of the Term, the Company shall grant the Executive an award consisting of restricted stock and/or stock options (both with reference to Company common stock) with an aggregate fair market value on the date of grant equal to $65,000 (as reasonably determined by the Company) and such award shall be granted under the Company’s equity incentive plan existing at the time of any such grant. The Company may grant the Executive additional stock awards for shares of the Company’s common stock in such amounts and terms (including performance-based terms) as the Board (or designated committee therefore) deems appropriate, with the aggregate value of such grants expected not to exceed $260,000 for the first year. In addition to the foregoing, the Executive shall be eligible to participate in the Company’s existing incentive programs and any additional or successor incentive plan or plans. Any grants made to the Executive pursuant to such plans shall provide for an expiration date consistent with the provisions of such plans; provided, however, that in no event shall any option remain exercisable beyond its stated expiration date.
Stock Options and Related Incentive Plans. Executive shall be eligible to participate in the Company’s existing incentive programs and any additional or successor incentive plan or plans, including the Masimo Corporation 2007 Stock Incentive Plan. Any option grants made to Executive pursuant to such plans shall provide for an expiration date consistent with the provisions of such plans, without regard to termination of employment; provided, however, in no event shall any option remain exercisable beyond its stated expiration date.
Stock Options and Related Incentive Plans. During each calendar year of the Term, the Company shall grant the Executive an award consisting of restricted stock and/or stock options (both with reference to Company common stock) with an aggregate fair market value on the date of grant equal to Three Hundred Thousand Dollars ($300,000) (as reasonably determined by the Company) and such award shall be granted under the Company’s equity incentive plan existing at the time of any such grant (or a newly-adopted plan if no plan has sufficient authorized shares to accommodate the award). The Company may grant the Executive additional stock awards for shares of the Company’s common stock in such amounts and terms (including performance-based terms) as the Board (or designated committee therefore) deems appropriate, with the aggregate value of such grants expected not to exceed Four Hundred and Twenty Five Thousand Dollars ($425,000) for the first year. In addition to the foregoing, the Executive shall be eligible to participate in the Company’s existing incentive programs and any additional or successor incentive plan or plans. Any grants made to the Executive pursuant to such plans shall provide for an expiration date consistent with the provisions of such plans; provided, however, that in no event shall any option remain exercisable beyond its stated expiration date.
Stock Options and Related Incentive Plans. In addition to your Base Salary and Bonus, you shall receive the following grants:
Stock Options and Related Incentive Plans. If and only if the Company has completed an initial public offering (an “IPO Event”), during each calendar year of the Term beginning in calendar year 2012 (prorated to start April 1, 2012), the Company shall grant the Executive an award consisting of restricted stock and/or stock options (both with reference to Company common stock) with an aggregate fair market value on the date of grant equal to $200,000 (as reasonably determined by the Company) and such award shall be granted under the Company’s equity incentive plan existing at the time of any such grant. In addition, whether or not an IPO Event has occurred the Company may grant the Executive additional stock awards for shares of the Company’s common stock in such amounts and terms (including performance-based terms) as the Board (or designated committee thereof) deems appropriate. In addition to the foregoing, the Executive shall be eligible to participate in the Company’s existing incentive programs and any additional or successor incentive plan or plans. Any grants made to the Executive pursuant to such plans shall provide for an expiration date consistent with the provisions of such plans; provided, however, that in no event shall any option remain exercisable beyond its stated expiration date.
Stock Options and Related Incentive Plans. (a) Executive shall be eligible to participate in the Stock Option Plans of Company and any additional or successor incentive plan or plans. Any option grants made to Executive pursuant to such plans shall provide for an expiration date of ten (10) years following the date of grant subject to earlier termination following termination of service pursuant to Sections 13 and 15 hereof.
(b) As of the Effective Date, Executive shall be granted a time-based option to purchase 1,250,000 shares of Company's Common Stock, consisting of 750,000 shares pursuant to Company's 1996 Stock Incentive Plan, as amended as of the Effective Date (the "1996 Plan"), and 500,000 shares pursuant to the 1995 Stock Plan of Nexgen, Inc., as amended as of the Effective Date (the "Nexgen Plan" and, together with the 1996 Plan, the "Plans"), collectively, the "Time- Based Options", in accordance with the following terms: The option shall have an exercise price equal to one hundred percent (100%) of the fair market value of Company Common Stock as of the date of grant. Of these option shares, an option for 325,000 shares shall become fully exercisable on November 15, 1997; an option for 325,000 shares shall become fully exercisable on November 15, 1998; an option for 200,000 shares shall become fully exercisable on November 15, 1999; an option for 200,000 shares shall become fully exercisable on November 15, 2000; and an option for the remaining 200,000 shares shall become fully exercisable on November 15, 2001.
(c) As of the Effective Date, Executive shall be granted an option to purchase 1,250,000 shares of Company's common stock pursuant to Company's 1996 Plan ("Performance Accelerated Options"), in accordance with the following terms: the Performance Accelerated Options shall have an exercise price equal to one hundred percent (100%) of the fair market value of Company's common stock as of the date of grant.
(d) The dates on which the Performance Accelerated Options (also, "PAOs") are first exercisable will be the fixed dates to the extent set forth in Section 5(e) or the earlier Measurement Date to the extent provided in this Section 5(d). The number of shares with respect to which the exercisability of Performance Accelerated Options shall be accelerated under this Section 5(d) shall be determined as of each Measurement Date as follows: If at any Measurement Date the Average Stock Price meets or exceeds a Stock Price Target for the applicable Target Period or any subsequent Target ...
Stock Options and Related Incentive Plans. (a) Executive shall be eligible to participate in the Stock Option Plans of Company and any additional or successor incentive plan or plans. Any option grants made to Executive pursuant to such plans shall provide for an expiration date of ten (10) years following the date of grant subject to earlier termination following termination of service only pursuant to Section 5(c), 13 or 15 hereof.
(b) As of the Effective Date, Executive was granted time-based options to purchase an aggregate 1,200,000 shares of Company's Common Stock (the "New --- Option" or "New Options"), pursuant to Company stock incentive plans (as ------ amended) under which the options are duly authorized (the "Option Plan" or ----------- "Options Plans"
Stock Options and Related Incentive Plans. Executive shall be eligible to participate in the Company’s existing incentive programs and any additional or successor incentive plan or plans. On the date hereof, Executive shall be granted a stock option to purchase 2,000,000 shares of Common Stock of the Company (subject to adjustment for stock splits, recapitalizations and similar transactions), with an exercise price equal to the closing stock price on the date of the grant. The stock option shall vest at a rate of 8.33% per month following the date of grant as long as Executive continues to be an employee of or consultant to the Company through the applicable vesting date, inclusive. Without limiting the foregoing, each fiscal year, beginning with the fiscal year ending September 30, 2014, Executive shall be granted a stock option to purchase at least 250,000 shares of Common Stock of the Company (subject to adjustment for stock splits, recapitalizations and similar transactions), with an exercise price equal to the closing stock price on the date of the grant. Each of these stock options shall vest at a rate of 8.33% per month following the date of grant as long as Executive continues to be an employee of or consultant to the Company through the applicable vesting date, inclusive. In the case of a Change in Control (as defined in Section 8 below), all of the options shall fully vest and be immediately exercisable. The foregoing grants shall be subject to the Company’s standard form of stock option grant agreement and the Company’s then existing stock plan.
Stock Options and Related Incentive Plans. The Executive shall be eligible to participate in the Company’s existing incentive programs and any additional or successor incentive plan or plans, including the Masimo Corporation 2007 Stock Incentive Plan (the “Stock Incentive Plan”). During each of fiscal years 2016 and 2017, the Executive shall be granted a non-qualified stock option to purchase an aggregate of at least 300,000 shares of the Company’s common stock (“Common Stock”) (as adjusted for stock splits, stock dividends, recapitalizations and similar transactions) that vests at a rate of twenty percent (20%) per year, with an exercise price per share equal to one-hundred percent (100%) of the fair market value (as defined under the applicable stock option plan pursuant to which the grant was made) of one share of Common Stock on the date of grant. All option grants made to the Executive pursuant to such plans shall provide for an expiration date consistent with the provisions of such plans, without regard to termination of employment; provided, however, that in no event shall any option remain exercisable beyond its stated expiration date. During each fiscal year during the Employment Period after fiscal year 2017, the Executive shall receive equity grants of the value at least consistent with equity grants made to comparable chief executive officers of comparable companies (taking account revenues, market capitalization and industry).
Stock Options and Related Incentive Plans. Executive shall be eligible to participate in the Company’s existing incentive programs and any additional or successor incentive plan or plans, including the Masimo Corporation 2007 Stock Incentive Plan. Each fiscal year, Executive shall be granted a non-qualified stock option to purchase an aggregate of at least 300,000 shares of Common Stock (as adjusted for stock splits, stock dividends, recapitalizations and similar transactions) that vests at a rate of 20% per year, with an exercise price equal to 100% of the fair market value (as defined under the applicable stock option plan pursuant to which the grant was made) of one share of Common Stock on the date of grant. All option grants made to Executive pursuant to such plans shall provide for an expiration date consistent with the provisions of such plans, without regard to termination of employment; provided, however, in no event shall any option remain exercisable beyond its stated expiration date.
