Stock Options Grant Sample Clauses

Stock Options Grant. In the event that the Company or its successor-in-interest consummates an Equity Transaction on or prior to April 1, 2010 and the Company or its successor-in-interest adopts a stock option plan for the benefit of management, then the Company or its successor-in-interest shall promptly grant to Executive twelve percent (12%) of the total employee stock options pool or common stock pool authorized under such plan and subject to the other terms and conditions of such plan (the “Stock Options”), which Stock Options shall vest as follows: (i) 20% of the Stock Options shall vest on the first anniversary of the grant date, (ii) 20% of the Stock Options shall vest on the second anniversary of the grant date, (iii) 20% of the Stock Options shall vest on the third anniversary of the grant date, (iv) 20% of the Stock Options shall vest on the fourth anniversary of the grant date and (v) the remaining 20% of the Stock Options shall vest on the fifth anniversary of the grant date; provided, however, that vesting shall cease if the Executive’s employment terminates for any reason and for such other reasons as may be set forth in the stock option plan.
Sample 1
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Stock Options Grant. Employee is hereby granted options exercisable for a period of five years to purchase five hundred thousand (500,000) shares of the Employer's common stock at an exercise price $.10 per share (current market value as of the date hereof). The options shall be fully vested as of the date of this grant. Employer shall use its best efforts to register the common shares underlying the options grant within ninety (90) days of the date of this Agreement. Should the Employee terminate his employment with the Employer during the term of this Agreement or should his employment be terminated, the Employee shall have a period of one hundred eighty (180) days to exercise his options or they shall expire.
Sample 1Sample 2
Stock Options Grant. At the time Xxxxxx begins his employment on or about January 15, 2007, he will be awarded a stock option grant of 50,000 shares under ISS’s stock option plan. Such options will vest at the rate of 25% at each of the four anniversaries following Aubrey’s date of hire. Pursuant to ISS’s stock option plan, such options may be exercised within six years after the date of the grant (on or about January 15, 2007). Also pursuant to ISS’s stock option plan, vested options must be exercised within 90 days of termination from employment, for whatever reason. Unvested options will vest immediately upon a Change in Control and must be exercised within 90 days.
Sample 1
Stock Options Grant. The Company acknowledges that it will grant the Executive one million five hundred thousand (1,500,000) stock options (the “Stock Options”) entitling the Executive to purchase shares of common stock of the Company, on a cashless basis during the term of employment and non cashless if executive is no longer employed with the company (the “Stock Option Shares”). Subject to approval of the Board, upon each anniversary of the Effective Date, for a period of three years (3), if the Executive has been continuously employed by Company, for the entire Term, one-third (1/3) of stated shares shall vest to the Executive on month 12, 24, and 36. The specific terms and conditions of such Stock Options shall be set forth in a separate written Stock Option Agreement.
Sample 1
Stock Options Grant. Employee shall be eligible to receive stock ------------------- options for the purchase of NSI Common Stock in accordance with the terms and conditions of the NSI 1993 Stock Incentive Plan, as amended and restated October 25, 1995, with such additional terms and conditions of the Board as determined in accordance therewith. The initial stock option grant to Employee following execution of this Agreement shall be for 40,000 shares of NSI Common Stock, which shall be exercisable at a purchase price of $4.00 per share and which will vest over a four (4) year period, becoming exercisable at a rate of 25% per year as of July 28th of each year (i.e., 25% will become exercisable on July 28, 1998 and an additional 25% each year thereafter until fully vested on July 28, 2001); the amount of grant eligibility in subsequent years shall be determined by the Board upon renewal of this Agreement.
Sample 1
Stock Options Grant. The Company acknowledges that it will grant the Executive one million five hundred thousand (1,500,000) stock options (the “Stock Options”) entitling the Executive to purchase shares of common stock of the Company, on a cashless basis during the term of employment and non cashless if executive is no longer employed with the company (the “Stock Option Shares”). Subject to approval of the Board, upon each anniversary of the Effective Date, for a period of three years (3), if the Executive has been continuously employed by Company, for the entire Term, one-third (1/3) of stated shares shall vest to the Executive immediately upon effective date, one-third of stated shares on month 12, and one-third (1/3) of stated shares on month 24. The specific terms and conditions of such Stock Options shall be set forth in a separate written Stock Option Agreement.
Sample 1
Stock Options Grant. GST will grant Executive stock options subject to the following conditions: 3. 4.1 GST will grant Executive options to purchase up to One Million (1,000,000) GST Common Shares at an exercise price equal to the Fair Market Value of the shares on January 11, 1999. Such options shall be granted upon Executive's execution of this Agreement.
Sample 1
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Stock Options Grant. Promptly following the execution of this Agreement and subject to the approval of the Board of Directors and the stockholders of the Corporation the Corporation will grant Executive pursuant to Corporation's 1999 Stock Incentive Plan (U.S.) or 1999 Stock Incentive Plan (Non-U.S.) (the "Plans"), as applicable, a stock option (the "Option") to purchase 175,000 shares of Corporation's Common Stock, subject to the terms and conditions stated in the stock option agreement relating thereto at an exercise price of $5.00 per share.
Sample 1
Stock Options Grant. ADC will recommend to the Compensation and Organization Committee of the Board of Directors that as of the Effective Date, an option be granted to Xxxxx to purchase one hundred fifty thousand (150,000) shares of ADC's common stock, subject to and in accordance with the terms of the ADC 1991 Stock Incentive Plan (the "Plan") and a Nonqualified Stock Option Agreement (the "Option Agreement") to be entered into by Xxxxx and ADC, in the form attached hereto as Exhibit A. Such option would have an exercise price per share equal to the fair market value of ADC Common Stock on November 1, 2001 as determined in accordance with the Plan.
Sample 1

Related to Stock Options Grant

  • 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 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 Options With respect to the stock options (the “Stock Options”) granted pursuant to the stock-based compensation plans of the Company and its subsidiaries (the “Company Stock Plans”), (i) each Stock Option intended to qualify as an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”) so qualifies, (ii) each grant of a Stock Option was duly authorized no later than the date on which the grant of such Stock Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required stockholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Stock Plans, the Exchange Act and all other applicable laws and regulatory rules or requirements and (iv) each such grant was properly accounted for in accordance with GAAP in the financial statements (including the related notes) of the Company and disclosed in the Company’s filings with the Commission in accordance with the Exchange Act and all other applicable laws. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Stock Options prior to, or otherwise coordinating the grant of Stock Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • 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 Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Incentive Stock Options If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares will be treated as long term capital gain for federal and California income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price.

  • Stock Option Subject to approval by the Board, the Company will grant Executive, during the fourth calendar quarter of 2015 (and subject to Executive’s continued employment with the Company through the grant date), under the Company’s 2015 Equity Incentive Plan (the “Plan”), an incentive stock option to purchase 130,444 shares of Company common stock (an “Option”), with an exercise price equal to $1.12 per share, which is equal to the fair market value of the shares of Company common stock underlying the Option on the grant date. Subject to Executive’s continued employment with the Company through the applicable vesting date, the Option will vest and become exercisable with respect to one-forty-eighth (1/48th) of the shares subject thereto on each monthly anniversary of January 1, 2016. Notwithstanding the foregoing, if the Company experiences a Change in Control (as defined in the Plan) prior to the full vesting (or forfeiture) of the Option and Executive’s employment is terminated by the Company without Cause (as defined below) within three (3) months prior to the consummation of such Change in Control, then, subject to Section 6(b) below, one hundred percent (100%) of any then-unvested portion of the Option will vest and become exercisable immediately prior to such Change in Control. In addition, (i) if the Company experiences a Change in Control (as defined in the Plan) prior to the full vesting (or forfeiture) of the Option and Executive remains employed by the Company through at least immediately prior to such Change in Control, fifty percent (50%) of any then-unvested portion of the Option shall vest immediately prior to such Change in Control, and (ii) if the Company experiences a Change in Control (as defined in the Plan) prior to the full vesting (or forfeiture) of the Option and Executive’s employment is terminated by the Company without Cause within two (2) years following the consummation of such Change in Control, subject to and conditioned upon Executive’s timely execution and non-revocation of a Release (as defined below), one hundred percent (100%) of any then-unvested portion of the Option will vest in full and become exercisable upon the effectiveness of the Release. Each Option will be subject in all respects to the terms and conditions set forth in the Plan and in an award agreement to be entered into between the Company and Executive, which will evidence the grant of the Option (each, an “Option Agreement”).

  • Employee Stock Options Except as provided in this Agreement or pursuant to the provisions of any Plan or employee or director stock option agreement as in effect on the date hereof, from the date hereof Company will not accelerate the vesting or exercisability of or otherwise modify the terms and conditions applicable to the Employee Stock Options. At the Effective Time, each of the Employee Stock Options which is outstanding and unexercised at the Effective Time shall be converted automatically into an option to purchase Parent Shares in an amount and at an exercise price determined as provided below (and otherwise subject to the terms of the stock option plans of Company governing the Employee Stock Options (the "Company Stock Option Plans")): (1) The number of Parent Shares to be subject to the new option shall be equal to the product of the number of Shares subject to the original option and the Exchange Ratio, PROVIDED that any fractional Parent Shares resulting from such multiplication shall be rounded down to the nearest share and, except with respect to any options which are intended to qualify as "incentive stock options" (as defined in section 422 of the Code ("ISOs")), Parent shall pay an amount in cash to the holder of such Employee Stock Option equal to the fair market value immediately prior to the Effective Time of such fractional Parent Shares calculated based on the average closing price on the New York Stock Exchange for the last five trading days immediately preceding the day prior to the Effective Time; and (2) The exercise price per Parent Share under the new option shall be equal to the aggregate exercise price of the original option divided by the total number of full Parent Shares subject to the new option (as determined under (1) immediately above), PROVIDED that such exercise price shall be rounded up to the nearest cent. The adjustment provided herein with respect to any ISOs shall be and is intended to be effected in a manner that is consistent with section 424(a) of the Code. The duration and other terms of the new option shall be the same as that of the original option, except that all references to Company shall be deemed to be references to Parent. Parent shall file with the SEC a registration statement on Form S-8 (or other appropriate form) or a post-effective amendment to the Registration Statement as promptly as practicable after the Effective Time for purposes of registering all Parent Shares issuable after the Effective Time upon exercise of the Employee Stock Options, and shall have such registration statement or post-effective amendment become effective and comply, to the extent applicable, with state securities or blue sky laws with respect thereto at the Effective Time.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

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