Stock Options/Equity Awards. Except to the extent additional rights are provided upon the Executive’s qualifying to receive the Conditional Benefits, the Executive’s rights with respect to any stock option, restricted stock or other equity award granted to the Executive by the Company shall be governed by the terms and provisions of the applicable Original Stock Option Award Documents or Original Award Documents (each as defined below).
Stock Options/Equity Awards. Except to the extent additional rights are provided upon the Executive’s qualifying to receive the Conditional Benefits, the Executive’s rights with respect to any stock options and/or other equity awards granted to the Executive by the Company shall be governed by the terms and provisions of the Plans and Plan rules, provided that the Executive shall have ninety (90) days from the Termination Date to exercise vested options, and award agreements pursuant to which such stock options and equity awards were awarded, as in effect at the Termination Date.
Stock Options/Equity Awards. The Executive acknowledges having received the grant of stock options and/or equity awards pursuant to the BCH Amended and Restated 2001 Stock Option Plan and/or BCH 2006 Equity Incentive Plan (collectively, the “BCH Plans”). Any future stock option grant or equity award to the Executive pursuant to the BCH Plans shall be (i) determined by and in the sole discretion of the Board of Directors of BCH and (ii) evidenced by a stock option or equity award agreement in the form required by the BCH Plans. Notwithstanding any provision of the BCH Plans or any such stock option or equity award agreement to the contrary, no right of continued employment or any modification of the “at will” nature of the Executive’s employment with BCH and/or the Bank shall be conferred upon the Executive thereunder or result therefrom.
Stock Options/Equity Awards. The Executive’s rights with respect to any stock option, restricted stock or other equity award granted to the Executive by the Company shall be governed by the terms and provisions of the terms of the Company’s 2019 Equity Incentive Plan (the “Equity Incentive Plan”), the PubCo EIP or other equity incentive plan adopted by the Company or PubCo, the applicable Original Stock Option Award Documents or Original Award Documents (each as defined below).
Stock Options/Equity Awards. All of the Executive’s stock options, restricted stock or other equity awards shall vest and become immediately exercisable in accordance with the applicable Original Stock Option Award Documents or Original Award Documents, subject to the same conditions as if the Executive had remained employed under this Agreement through the end of the then remaining portion of the Initial Term or the Renewal Term, as applicable. Except as otherwise expressly provided herein, all stock options, restricted stock or other equity awards shall continue to be subject to the Equity Incentive Plan and the applicable Original Stock Option Award
Stock Options/Equity Awards. Subject to Board approval and any required shareholder approval (which Company shall use its best efforts to obtain, if needed), the Company will provide Executive restricted stock grants ("Restricted Stock") and stock options as set forth in a separate agreement pursuant to the 2014 Equity Incentive Plan, as amended, of the Company (the "2014 Plan"). The exercise price of the stock options or grant value of any Restricted Stock will be the current fair market value of the Company common stock as determined by the Board consistent with the requirements of IRC Sec. 409A and other applicable statutes and the aggregate number of shares subject to the option and Restricted Stock shall be equal to one percent (1%) of outstanding common stock on the Effective Date on a fully diluted basis, as mutually agreed by the parties. The options will be subject to a four year vesting period, with twenty-five percent (25%) of Executive 's options vesting one-year after the Effective Date, and the remainder vesting thereafter on a monthly pro rata basis, provided that 100% vesting shall be triggered upon a Company Change in Control, termination of Executive 's employment by the Company without Cause, and in the event Executive terminates his employment for Good Reason ("Acceleration Triggers") and provided further that in the event the Acceleration Trigger is a Change of Control, the Executive's employment with the Company's successor is terminated by the Company successor without Cause or by the Employee with Good Reason. The Restricted Stock shall be subject to repurchase by the Company over a four (4) year period, with 100% of the Restricted Stock subject to repurchase during the first year from the Effective Date and 75% of the Restricted Stock subject to repurchase thereafter on a decreasing percentage on a monthly pro rata basis, provided that 100% of the Restricted Stock shall be fully owned upon the occurrence of an Acceleration Trigger and provided further that in the event the Acceleration Trigger is a Change of Control, the Executive 's employment with the Company 's successor is terminated by the Company successor without Cause or by the Employee with Good Reason.
Stock Options/Equity Awards. Notwithstanding any of the provisions of the Original Award Documents, all of the Executive’s stock options and/or other equity compensation awards shall vest and remain exercisable in accordance with the applicable Original Award Documents as if Executive remained an employee of the Company for a period of one year immediately after the Termination Date. Except as otherwise expressly provided herein, all stock options and/or other equity awards shall continue to be subject to the Original Award Documents.
Stock Options/Equity Awards. Subject to Board approval and any required shareholder approval (which Company shall use its best efforts to obtain, if needed), the Company will provide Executive common stock restricted stock units (“RSU”) as set forth in a separate agreement pursuant to the 2014 Equity Incentive Plan, as amended, of the Company (the “2014 Plan”). The grant value of any RSU will be the current fair market value of the Company common stock as determined by the Board consistent with the requirements of IRC Sec. 409A and other applicable statutes and the aggregate number of shares subject to the RSU shall be equal to one percent (1%) of outstanding common stock on the Effective Date on a fully diluted basis. The RSU will be subject to a four year vesting period, with twenty-five percent (25%) of Executive’s options vesting one-year after the Effective Date, and the remainder vesting thereafter on a monthly basis, provided that 100% vesting shall be triggered upon a Company Change in Control, termination of Executive’s employment by the Company without Cause, and in the event Executive terminates his employment for Good Reason (“Acceleration Triggers”), provided further that in the event the Acceleration Trigger is a Change of Control, the Executive’s employment with the Company’s successor is terminated by the Company successor without Cause or by the Employee with Good Reason..
Stock Options/Equity Awards. Subject to Board approval and any required shareholder approval (which Company shall use its best efforts to obtain, if needed), the Company will provide Executive restricted stock grants (“Restricted Stock”) as set forth in a separate agreement pursuant to the 2014 Equity Incentive Plan, as amended, of the Company (the “2014 Plan”). The grant value of the Restricted Stock will be the current fair market value of the Company common stock as determined by the Board consistent with the requirements of IRC Sec. 409A and other applicable statutes and the aggregate number of shares subject to the Restricted Stock shall be equal to one percent (1%) of outstanding common stock on the Effective Date on a fully diluted basis. The Restricted Stock shall be subject to repurchase by the Company over a four (4) year period, with 75% of the Restricted Stock subject to repurchase during the first year from the Effective Date and the remaining thereafter on a decreasing percentage on a monthly basis, provided that 100% of the Restricted Stock shall be fully owned upon the occurrence of a Company Change in Control, termination of Executive’s employment by the Company without Cause, or in the event Executive terminates his employment for Good Reason, and provided further that in the event the Acceleration Trigger is a Change of Control, the Executive’s employment with the Company’s successor is terminated by the Company successor without Cause or by the Employee with Good Reason.
Stock Options/Equity Awards. Subject to Board approval, availability under the Company’s Amended and Restated Stock Option Plan (the “Option Plan”) or any successor equity incentive plan, and any required shareholder approval or approval of the TSX Venture Exchange (which the Company shall use its best efforts to obtain, if needed), the Company will, (i) within four (4) business days of the Effective Date, grant the Executive stock options (“Stock Options”) exercisable into three hundred thousand (300,000) shares of the Company’s common stock pursuant to the terms of the Option Plan, The exercise price of all the Stock Options granted to the Executive will be the fair market value of the Company common stock as of the date of the grant of such Stock Options as determined by the Board consistent with the requirements of Internal Revenue Code of 1986, as amended (“IRC “) Sec. 409A and other applicable statutes. All Stock Options shall be subject to a three (3) year vesting period, with one third of the Stock Options vesting on the one-year anniversary of the grant date of the Stock Options (the “Grant Date”), an additional one-third of the Stock Options vesting on the two year anniversary of the Grant Date, and the remaining one third of the Stock Options vesting on the three year anniversary of the Grant Date; provided that if the Executive’s employment with the Company is terminated by the Company without Cause, or by the Executive with Good Reason (where no Change in Control has taken place), the number of Stock Options subject to vesting through the twelve months (12) following the date of termination of employment (the “Termination Date”) shall become vested as of the Termination Date, while all remaining unvested Stock Options shall be forfeited. All unvested Stock Options also shall be forfeited upon a termination of employment by the Company for Cause or a termination by Executive without Good Reason. If a Change in Control has taken place, all unvested Stock Options shall become immediately vested as of the effective date of the Change in Control.
