Common use of Stock Performance Options Clause in Contracts

Stock Performance Options. Employee shall have the option to purchase stock of Employer at $7.50 per share as follows: up to 12,500 shares if the public trading price close at a minimum of $15 per share for five consecutive days; up to an additional 12,500 shares should the public trading price close at a minimum of $20 per share for five consecutive days; and up to an additional 15,000 shares if the public trading price should close at a minimum of $25 for five consecutive days.

Stock Performance Options. Employee shall have the option to purchase stock of Employer at $7.50 per share as follows: up to 12,500 144,000 shares if the public trading price close at a minimum of $15 per share for five consecutive days; up to an additional 12,500 144,000 shares should the public trading price close at a minimum of $20 per share for five consecutive days; and up to an additional 15,000 192,000 shares if the public trading price should close at a minimum of $25 for five consecutive days.

Stock Performance Options. Employee shall have the option to purchase stock of Employer at $7.50 per share as follows: up to 12,500 100,000 shares if the public trading price close at a minimum of $15 per share for five consecutive days; up to an additional 12,500 100,000 shares should the public trading price close at a minimum of $20 per share for five consecutive days; and up to an additional 15,000 120,000 shares if the public trading price should close at a minimum of $25 for five consecutive days.