Stock Options and Rights. If the Executive is a participant in any stock option or stock purchase plan of the Company, or if the Executive is the holder of any options, warrants or rights to acquire capital stock of the Company (collectively “Stock Rights”), the Executive shall have all of the rights with respect thereto as are set forth herein and in the relevant plans and Stock Rights.
Stock Options and Rights. (a) With respect to Options and Rights, the Committee shall (i) authorize the granting of Incentive Stock Options, non-qualified stock options, or a combination of Incentive Stock Options and non-qualified stock options; (ii) authorize the granting of Rights which may be granted in connection with all or part of any Option granted under this Plan, either concurrently with the grant of the Option or at any time thereafter during the term of the Option; (iii) determine the number of shares of Stock subject to each Option or the number of shares of Stock that shall be used to determine the value of a Right; and (iv) determine the time or times when and the manner in which each Option or Right shall be exercisable and the duration of the exercise period.
(b) Any option issued hereunder which is intended to qualify as an Incentive Stock Option shall be subject to such limitations or requirements as may be necessary for the purposes of Section 422 of the Code or any regulations and rulings thereunder to the extent and in such form as determined by the Committee in its discretion.
Stock Options and Rights. In the event of any termination of this Agreement pursuant to section 6(a)(ii), outstanding stock options and stock appreciation rights, and any and all rights under performance stock award plans, restricted stock plans and any other stock option, or incentive stock plans shall become immediately and fully exercisable for a period of sixty (60) days following the last payment required by this Agreement to be made by the Bank or the Company to Employee; provided, however, that no such option or right shall be exercisable after the termination date of such option or right. The provisions of this section shall be in addition to the Employee’s rights granted in connection with such stock options or other rights, and such rights and options shall continue to be exercisable pursuant to their terms and their governing plans.
Stock Options and Rights. All options and other rights for the ------------------------ purchase or other acquisition of Merging Corporation Common Shares which are outstanding immediately prior to the Merger Effective Time shall continue without impairment or alteration following the Merger Effective Time as outstanding options or other rights for the purchase or other acquisition of the number of Surviving Corporation Common Shares that the holder of any such option or other right would have been entitled to receive in the Merger if such holder exercised the option or other right immediately prior to the Merger Effective Time.
Stock Options and Rights. (a) As of the Effective Time, any Company Stock Options or Company Stock Rights exercisable for Company Stock, which are outstanding as of the date hereof and have not expired as of the Effective Time, shall be assumed by Acquiror and converted into options or rights, as the case may be, such that each Company Stock Option and Company Stock Right shall be converted into an option to purchase or right to be granted, as applicable, such shares of Acquiror Stock as the holder thereof would have received in the Merger had such option or right been exercised prior to the Effective Time, at an aggregate purchase price equal to the aggregate purchase price applicable prior to such conversion; provided, however, that in the case of any Company Stock Option to -------- ------- which Section 421 of the Code applies by reason of its qualification under Section 422 of the Code, the conversion formula shall be adjusted, if necessary, to comply with Section 424(a) of the Code to the effect that the number of shares shall be rounded down to the nearest whole share and the exercise price shall be rounded up to the nearest cent. Except as provided above, the converted Company Stock Options or Company Stock Rights, as the case may be, shall be subject to the same terms and conditions (including, without limitation, expiration date, vesting and exercise provisions) as were applicable to the Company Stock Options or Company Stock Rights, as the case may be, immediately prior to the Effective Time, after giving effect to any acceleration rights therein attributable to the Transactions.
(b) No such option or right shall be converted into a stock option or right to purchase a partial share of Acquiror Stock.
(c) The consummation of the Merger shall not be treated as a termination of employment for purposes of such stock options or rights.
(d) Acquiror shall reserve a number of shares of Acquiror Stock sufficient to cover the issuance of Acquiror Stock pursuant to the exercise of Company Stock Options or Company Stock Rights assumed pursuant to this Section 6.1.
Stock Options and Rights. If the Executive is a participant in ------------------------ any stock option or stock purchase plan of the Company, or if the Executive is the holder of any options, warrants or rights to acquire capital stock of the Company (collectively "Stock Rights"), the Executive shall have all of the rights set forth in the relevant plans and Stock Rights. The phrase "Termination Date" as used in the Stock Rights shall mean the end of the Severance Period with respect to Non-Qualified Stock Options granted to the Executive, and the Executive's Date of Termination with respect to Incentive Stock Options granted to Executive.
Stock Options and Rights. 9.1 Effective July 8, 1996, you shall be granted a three year option for 250,000 shares of UTTC Common Stock at an option price of $1.50 per share.
9.2 You will receive a Stock Option for 100,000 shares of Ashton Stock. The price of the stock shall be the public price on the close of the date of the signing of the option grant (which is the date of the signing of this Letter Agreement). The Stock Option shall be for ten years which shall vest 20 percent after the completion of each of the first two (2) years of the Term (March 31, 1997 and March 31, 1998) and an additional 60 percent after completion of the third year of the term (march 31, 1999). A separate written Stock Option document will be provided to you.
Stock Options and Rights. The terms "
Stock Options and Rights. The Individual hereby represents and warrants that he or she does not hold or own, beneficially or otherwise, any Company Purchase Rights (as defined in the Merger Agreement to include any option, warrant or other right to acquire shares of Company Stock).
Stock Options and Rights. There are no outstanding options, warrants, agreements or other rights (i) obligating Paradigm or its subsidiary to issue, (ii) permitting others to purchase or convert any obligation into, or (iii) requiring Paradigm to purchase, redeem or retire securities of Paradigm or its subsidiary.
