Common use of Stock Plans and Options Clause in Contracts

Stock Plans and Options. During the Employment Term, the Executive shall be eligible to participate in any stock option, incentive and similar plans established by the Company from time to time and at any time and the Company shall grant to the Executive or cause to be granted to him stock options and other benefits similar to the options and benefits granted to other executives subject in all cases to the satisfaction by the Executive of the terms and conditions of such plans and to the reasonable exercise by the Board of Directors of any discretion granted to it or them thereunder.

Appears in 6 contracts

Samples: Employment Agreement (Arguss Communications Inc), Employment Agreement (Arguss Communications Inc), Employment Agreement (Argan Inc)

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Stock Plans and Options. During the Employment Term, the Executive shall be eligible to participate in any stock option, incentive and similar plans established by the Company from time to time and at any time and the Company shall grant to the Executive or cause to be granted to him stock options and other benefits similar to the options and benefits granted to other executives executive officers subject in all cases to the satisfaction by the Executive of the terms and conditions of such plans and to the reasonable exercise by the Board of Directors of any discretion granted to it or them thereunder.

Appears in 3 contracts

Samples: Employment Agreement (International Telecommunication Data Systems Inc), Employment Agreement (International Telecommunication Data Systems Inc), Employment Agreement (International Telecommunication Data Systems Inc)

Stock Plans and Options. During the Employment Term, the Executive shall be eligible to participate in any stock option, incentive and similar plans established by the Company from time to time and at any time and the Company shall grant to the Executive or cause to be granted to him her stock options and other benefits similar to the options and benefits granted to other senior executives subject in all cases to the satisfaction by the Executive of the terms and conditions of such plans and to the reasonable exercise by the Company Board of Directors of any discretion granted to it or them thereunder.

Appears in 1 contract

Samples: Employment Agreement (Argan Inc)

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Stock Plans and Options. During the Employment Term, the Executive shall be eligible to participate in any stock option, incentive and similar plans established by the Company from time to time and at any time and the Company shall grant to the Executive or cause to be granted to him stock options and other benefits similar to the options and benefits granted to other executives time, subject in all cases to the satisfaction by the Executive of the terms and conditions of such plans and to the reasonable exercise by the Company Board of Directors of any discretion granted to it or them thereunder.

Appears in 1 contract

Samples: Employment Agreement (Argan Inc)

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