Stock Options to Be Granted Sample Clauses

Stock Options to Be Granted. Section 4.1(b)(ii) of the Agreement also entitles the Executive to be awarded additional stock options based upon a specified percentage of additional shares that may be issued by the Bank during the Term of the Agreement. It is understood and agreed that such additional options are to be awarded contemporaneously with the issuance by the Bank of additional shares of its common stock for the primary purpose of increasing equity capital (whether for cash or in exchange for assets, such as for the acquisition of all or part of another business entity by merger, consolidation, share exchange or otherwise), and shall not be awarded in connection with shares issued by the Bank primarily for other purposes (for example, upon the exercise of stock options granted to employees or directors of the Bank in the nature of compensation or the exercise of warrants issued to organizing stockholders as reward for the organizers’ risk). Any such additional stock options to be awarded to the Executive shall be for an option price equal to the fair market value of the stock at the time of the transaction that gives entitlement to the award; shall vest one-third on each of the first three anniversaries of the date of the award; shall be exercisable within ten years from the date of the award; and otherwise shall be in the form of the stock option grant used for the options already deemed awarded on the Effective Date.
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Stock Options to Be Granted. As additional compensation hereunder, the Executive shall be granted options to purchase four million (4,000,000) shares of the Company’s common stock at a price of $0.05 per share. Such option shall allow for cashless exercise and will vest at a rate of 500,000 options per each fiscal quarter, beginning with the conclusion of the first fiscal quarter during the term of this Agreement. If Executive is terminated “without cause” at any time during the period of this Agreement, all options will be automatically fully vested immediately. If Executive is terminated “with cause” at any time during the period of this Agreement, all unvested options will be immediately null and void and all previously vested options shall remain fully vested.
Sample 1
Stock Options to Be Granted. As additional compensation hereunder, the Executive shall receive options to purchase 1,000,000 shares of the Company’s common stock at a price of $0.08 per share as Director of the Board of Directors for a period of 10 years. Such option shall allow for cashless exercise and will vest at a rate of 250,000 options per each fiscal quarter, beginning with the conclusion of the first fiscal quarter during the term of this Agreement.
Sample 1

Related to Stock Options to Be Granted

  • Stock Option Grants Executive will receive an annual grant of stock options during the term of this Agreement in a manner and under terms that are consistent with grants made to other executives of the Company.

  • Stock Option Awards During the Term, the Executive shall be eligible for awards of options to purchase shares of the Company’s common stock (the “Stock Options”), such Stock Options to be awarded in the sole discretion of the Compensation Committee and in accordance with the terms of the Company’s Stock Option Plan, as such Stock Option Plan may be amended, suspended or terminated from time to 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.

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 10,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • Grant of Stock Appreciation Rights Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants this Award to the Participant on the Grant Date on the terms set forth on the cover page of this Agreement, as more fully described in this Attachment A. This Award is granted under the Plan, which is incorporated herein by this reference and made a part of this Agreement.

  • Stock Options (a) Subsequent to the effectiveness of the Form 10, but prior to the consummation of the Distribution, and subject to the consummation of the Distribution, each option to purchase ALTISOURCE Common Stock (“ALTISOURCE Stock Options”) granted and outstanding under the 2009 Equity Incentive Plan of ALTISOURCE (“ALTISOURCE Option Plan”) shall remain granted and outstanding and shall not, and ALTISOURCE shall cause (to the maximum extent permitted under the ALTISOURCE Option Plan) the ALTISOURCE Stock Options not to, terminate, accelerate or otherwise vest as a result of the Distribution, and each holder thereof immediately prior to the Distribution will be entitled to the following, determined in a manner in accordance with, and subject to, the ALTISOURCE Option Plan, FAS123R and Section 409A of the Internal Revenue Code: (i) an option to acquire a number of shares of Residential Class B Common Stock equal to the product of (x) the number of shares of ALTISOURCE Common Stock subject to the ALTISOURCE Stock Option held by such holder on the Distribution Date and (y) the distribution ratio of one (1) share of Residential Class B Common Stock for every three (3) shares of ALTISOURCE Common Stock (the “Residential Stock Options”), with an exercise price to be determined in a manner consistent with this Section 3.04 and (ii) the adjustment of the exercise price of such holder’s ALTISOURCE Stock Option, to be determined in a manner consistent with this Section 3.04 (the “Adjusted ALTISOURCE Stock Options”) (the Residential Stock Options and the Adjusted ALTISOURCE Stock Options, together, the “Post-Distribution Stock Options”).

  • Exercise of Stock Options If stock options granted in connection with a Stock Incentive Plan are exercised:

  • 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.

  • Grant of Stock Appreciation Right Subject to the terms and conditions provided in this Agreement and the Plan, the Company hereby grants to the Recipient a stock appreciation right covering ______ shares of Common Stock (the "SAR"), effective as of the Grant Date.

  • 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.

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