Stock Options and Restricted Stock Units. The Executive acknowledges that as of the Resignation Date, the Executive was vested in Stock Options and Restricted Stock Units (“RSUs”) as reflected in the report attached as Exhibit A hereto. Except as specifically set forth herein, the Executive’s rights with respect to Stock Options and RSUs issued to him/her are governed by the Stock Option and Restricted Stock Unit Agreements entered into between the Executive and the Company, and the applicable Company equity incentive plan(s) and Notice(s) of Grant.
Stock Options and Restricted Stock Units. (a) As soon as practicable following the date of this Agreement, the Company Board (or, if appropriate, any committee administering the Company Stock Plan) shall adopt such resolutions or take such other actions as are required to adjust the terms of each outstanding Company Stock Option, whether vested or unvested, to provide that each such Company Stock Option shall be rolled over at the Effective Time by canceling such Company Stock Option in exchange for a cash payment by the Company of an amount equal to (A) the excess, if any, of (1) the Common Merger Consideration over (2) the exercise price per share of Company Common Stock subject to such Company Stock Option (adjusted to reflect the TM Distribution), multiplied by (B) the number of shares of Company Common Stock that are subject to such Company Stock Option immediately prior to the Effective Time and for which such Company Stock Option shall not theretofore have been exercised. Parent will make available options on its common stock to employees of the Company set forth on Section 6.04(a) of the Parent Disclosure Letter (as it may be supplemented by Parent prior to the Effective Time), on the terms and conditions provided therein.
Stock Options and Restricted Stock Units. Company will grant to the Executive a stock option (“Option”) to purchase an aggregate of Twenty Thousand (20,000) shares of the Company’s common stock, $0.001 par value per share (along with any subsequent grants, the “Option Shares”), pursuant to the Company’s Amended and Restated 2011 Stock Option/Stock Issuance (the “Plan”). The exercise price, vesting schedule and other terms for the Option will be set forth in the notice of grant and option agreement for such Option and the Option is subject to accelerated vesting as set forth in Section 3 hereof. Additional equity incentives, if any, shall be determined by the Board (or a committee thereof) in its sole discretion. All share figures set forth herein shall be subject to adjustment for stock splits, stock dividends, stock combinations, recapitalizations and similar events.
Stock Options and Restricted Stock Units. The Executive acknowledges that as of the Resignation Date, the Executive was vested in Stock Options and Restricted Stock Units (“RSUs”) as reflected in the report attached as Exhibit A hereto. The Executive further acknowledges that vesting in the Stock Options and RSUs ceased on the Resignation Date, and all Stock Options and RSUs not then vested were cancelled and forfeited as of that date. Except as specifically set forth herein, the Executive’s rights with respect to Stock Options and RSUs issued to him are governed by the Stock Option and Restricted Stock Unit Agreements entered into between the Executive and the Company, and the applicable Company equity incentive plan(s) and Notice(s) of Grant.
Stock Options and Restricted Stock Units. The Employee will be eligible to participate in any stock option, restricted stock unit, or other equity incentive program available to officers or employees of the Company.
Stock Options and Restricted Stock Units. (a) At the Effective Time, except as set forth below with respect to Sub-Plan Options, each outstanding option to purchase Shares (each "COMPANY STOCK OPTION" and, collectively, "COMPANY STOCK OPTIONS") issued pursuant to the Company's Amended and Restated Verisity Ltd. 2000 U.S. Share Incentive Plan, Verisity Ltd. 1999 Israeli Share Option Plan, Verisity Ltd. 1999 Share Incentive Plan, the Verisity Ltd. 0000 Xxxxxx Share and Stock Option Incentive Plan (but not including the Sub-Plan for the Issuance of Options to the Company's Employees), 1996 U.S. Stock Option Plan (as amended on October 28, 1999), Verisity Ltd. 0000 Xxxxxxx Share Option Plan and Amended and Restated Axis Systems Inc. 1997 Stock Plan or other agreement or arrangement, whether vested or unvested, shall be converted as of the Effective Time into options to purchase shares of Parent Common Stock in accordance with this Section 1.10. All plans or agreements described above pursuant to which any Company Stock Option has been issued or may be issued are referred to collectively as the "COMPANY PLANS". Notwithstanding the foregoing, subject to any changes made in accordance with Section 4.22, each outstanding Company Stock Option outstanding under the Sub-Plan for the Issuance of Options to the Company's Employees under the Verisity Ltd. 0000 Xxxxxx Share and Stock Option Incentive Plan (the "SUB-PLAN" and such Company Stock Options, the "SUB-PLAN OPTIONS") shall not be converted into options to purchase shares of Parent Common Stock, but shall be exercisable for the consideration specified in Sub-Plan and the Xxxxx Xxxxxxx Trust. At the Effective Time, each Company Stock Option assumed by Parent pursuant to this Agreement shall continue to have, and be subject to, the same terms and conditions set forth in the Company Plan under which such option was granted and the agreement evidencing the grant thereof immediately prior to the Effective Time, including provisions with respect to vesting, except that: (i) such option will be exercisable for that number of whole shares of common stock of Parent, par value $.01 per share (the "PARENT COMMON STOCK"), equal to the product of (A) the number of Shares that were issuable upon exercise of such option immediately prior to the Effective Time multiplied by (B) the Exchange Ratio, and rounded down to the nearest whole number of shares of Parent Common Stock; and (ii) the per share exercise price of each such Company Stock Option shall be adjusted by div...
Stock Options and Restricted Stock Units. 100% of all outstanding and unvested awards of stock options shall become vested immediately prior to the time of the distribution by eBay Inc. to its shareholders of 100% of the outstanding shares of the common stock of PayPal Holdings, Inc. (the “Distribution Time”) on the Separation Date. 100% of all outstanding and unvested awards of restricted stock units shall become vested immediately after the Distribution Time on the Separation Date (but in any event on or prior to 11:59 p.m. Pacific Daylight Time). In addition, for stock options that were granted in calendar years 2013, 2014 and 2015, the period to exercise these options will be extended from 90 days after the Separation Date to 36 months from the Separation Date. For stock options that were granted in calendar year 2012, the period to exercise these options will be extended from 90 days after the Separation Date to 12 months from the Separation Date. 5. ACCELERATED VESTING OF PERFORMANCE BASED RESTRICTED STOCK UNIT AWARDS FOR THE 2013-2014 PERIOD. Any outstanding and unvested performance based restricted stock units that were issued for performance in the 2013-2014 performance cycle shall become vested immediately after the Distribution Time on the Separation Date Separation Date (but in any event on or prior to 11:59 p.m. Pacific Daylight Time).
Stock Options and Restricted Stock Units. You will be eligible to receive grants of options to purchase shares of Time Warner Inc. (“Time Warner”) common stock and 00000 Xxxxxxxxx Xxxxx Dulles, VA 20166 USA awards of restricted stock units (“RSU’s”), subject to Board of Director approval and provided that (a) you remain employed by the Company on the date of grant or award and your performance remains satisfactory and (b) Time Warner continues to maintain stock option and restricted stock plans. Any such grant of stock options or award of RSU’s shall be governed in accordance with the terms and conditions of the plans, agreements and notices under which they were issued.
Stock Options and Restricted Stock Units. The Executive shall be eligible to participate in the Company’s stock option and restricted stock unit programs. Awards shall be governed by the CVS Caremark Corporation 1997 Incentive Compensation Plan, as amended, or any successor plan (collectively, the “ICP”) and the applicable award agreements. The Executive’s annual equity value target shall be $2,000,000.00, provided that the actual value of the grant shall be determined by the Company in its sole discretion. The annual equity grant for Executive shall be granted fifty per cent (50%) in stock options and fifty per cent (50%) in restricted stock units, and the grant agreements for 2010 shall be substantially in the forms attached hereto.
Stock Options and Restricted Stock Units. (a) As soon as practicable following the date of this Agreement, the Board of Directors of UNUM (or, if appropriate, any committee administering the UNUM Stock Plans) shall adopt such resolutions or take such other actions as may be required to effect the following:
