Stock/Stock Options Sample Clauses

Stock/Stock Options. The Employee will be eligible to participate in any Stock Option Plan that may become generally available for employees of the Company, on a basis commensurate with other employees of the Company.

Stock/Stock Options. In addition to Executive's salary described in Paragraph 3, above, Executive shall receive a one‐time retention equity award of 1,000,000 shares of restricted stock units of common stock of the Company that vest immediately upon the signing and acceptance of this agreement ("Stock Grant"). In addition, Company hereby grants Executive an option to purchase shares of common stock of the Company. (SEE OPTION AGREEMENT ATTACHED)

Stock/Stock Options. The Executive will receive, pursuant to the Company’s 2010 Employee, Director and Consultant Equity Incentive Plan (the “Plan”), an incentive stock option grant (the “ISO Grant”) to purchase up to 156,250 shares of Common Stock (equivalent to 1.25% of the Company on a fully-diluted basis as of the Effective Date) at an exercise price equal to the fair market value of each share on the date of grant as determined by the Board in its sole discretion. The ISO Grant shall vest in accordance with the following scheduling: 25% of the shares underlying the ISO Grant will vest on the twelve (12) month anniversary of Executive’s Start Date with the Company and the remaining shares will vest and become exercisable on a pro rata, monthly basis, over the subsequent 36 months, beginning with the month after the twelve (12) month anniversary of the Start Date. Vesting of the ISO Grant will be subject to Executive’s continued status as a service provider with the Company at each such vesting period. The ISO Grant will be subject to the terms of the Plan and a Stock Option Agreement that the Company and Executive will be required to execute (the “Option Agreement”). The ISO Grant will fully accelerate upon Change of Control of the Company as defined in herein.

Stock/Stock Options. In addition to your salary and bonus, you may be eligible to participate in any Company Equity Incentive Plan (“EIP”) or any amended or successor plan thereto commensurate with your position at the time such plan/program is approved by the Company and the Compensation Committee of the Board of Directors, and will be subject to the specific terms and conditions that will be put into effect at the time such awards/options are granted.

Stock/Stock Options. Subject to approval of the Board or an appropriate committee thereof, the Company shall provide the Executive with the following:

Stock/Stock Options. The Executive acknowledges that, as of the Effective Date, the Executive owns 3,000,000 shares of the Employer’s common stock. On or after the Effective Date, the Employer shall grant to Executive an option to purchase or a restricted stock agreement for 3,500,000 shares of the Employer’s common stock (collectively, the “Option”). The Option will be issued pursuant to the Employer’s 2005 Stock Option Plan (the “Option Plan”), and, except as expressly provided herein, will be subject to a stock option agreement in form and substance as is customarily issued by the Employer to its option grantees (the “Option Agreement”) and/or a stock restriction agreement in the form and substance as is attached hereto as shall be approved by the Board of Directors . The Option Agreement shall provide, among other terms, as follows: (i) an option to purchase 2,470,588 shares of common stock that shall vest on a quarterly basis at a rate of twenty-five percent (25%) per year and shall be fully vested as of the fourth anniversary of the Option Agreement; (ii) an option to purchase 411,765 shares of common stock that shall vest as of the date the Employer initiates the first clinical trial in humans, provided, that if the Employer does not initiate such trial within fifteen (15) months of the Effective Date, such option will be cancelled, and upon such cancellation, such option shall be of no further force or effect; (iii) an option to purchase 411,765 shares of common stock that shall vest as of the date the Employer files an NDA, provided, that if the Employer does not file an NDA within 5 years of the Effective Date, such option will be cancelled, and upon such cancellation, such option shall be of no further force or effect; (iv) an option to purchase 205,882 shares of common stock that shall vest as of the date of the “launch of a partnered product”, as hereinafter defined; and (v) the Option shall fully vest as of the date of a Change of Control. For purposes of this Agreement, the term NDA shall mean a new drug application that has been approved by the Board of Directors and filed with, and accepted by, the United States Food and Drug Administration. The Employer agrees that such approval of the Board of Directors shall not be unreasonably withheld. For purposes of this Agreement, initiation of the first clinical trial in humans shall mean the date of enrollment of the first patient in a clinical trial that has been approved by the Board of Directors and that is conduc...

Stock/Stock Options. Executive holds stock options as reflected in his personal web account at xxx.xxxxxxxxxxxx.xxx. Executive acknowledges that he has no right, title or interest in any other stock options or rights to acquire stock of Planar of any kind. Executive acknowledges that he is responsible for obtaining such tax or legal advice as he may deem appropriate in order to understand and properly account for the above stock options, including without limitation vesting, time periods during which such options may be exercised and the tax consequences of the exercise of such stock options. In consideration of this Agreement, except as specifically provided below, all outstanding stock options and stock grants held by Executive on the Termination Date that would, by their terms, vest within eighteen (18) months after the Termination Date, shall accelerate and become fully vested effective as of the Termination Date. Notwithstanding any other provision of this Agreement: (a) with respect to the option to purchase 120,000 shares of Planar common stock granted on October 29, 2004 (Grant No. 96-149): (i) options to purchase 50,000 shares of common stock shall become fully vested and exercisable on the Effective Date (as defined in paragraph 11 below) notwithstanding any performance criteria in the applicable stock or stock option plan or agreement, and (ii) options to purchase 70,000 shares of Planar common stock shall terminate and be forfeited on the Effective Date (as defined in paragraph 11 below); and (b) the option to purchase 23,130 shares of Planar common stock granted on April 19, 2004 (Grant No. 96-126) shall terminate and be forfeited on the Effective Date (as defined in paragraph 11 below). Under the terms of the stock option plans, except for the nonqualified stock option granted on September 27, 1999, all outstanding vested options shall remain exercisable until the date that is three months after the end of the Term of the Consulting Agreement (as “Term” is defined in the Consulting Agreement). All options held by Executive that are unvested at the end of the Term of the Consulting Agreement shall be forfeited. Except as expressly stated in this paragraph, Executive’s stock and stock options shall be subject to the terms and conditions of the stock or stock option grant agreement and stock or stock option plan pursuant to which the stock or stock option was issued.

Stock/Stock Options. The parties hereto agree that if Consultant should at some point in the future be offered a senior executive officer position with the Company and, as part of such engagement, he shall be offered restricted stock grants and/or stock options, the Company shall use commercially reasonable efforts to determine the appropriateness and effects of issuing such stock grants and/or stock options at an agreed upon price of $3.45 per share. Consultant acknowledges that nothing contained herein shall be construed to infer that Consultant shall or may be offered restricted stock grants or stock options in the future or that Consultant has any right thereto. Further, nothing contained herein shall be construed to infer that Consultant has any right regarding an offer of employment in the future.

Stock/Stock Options. The Executive will receive, pursuant to the Company’s 2010 Employee, Director and Consultant Equity Incentive Plan (the “Plan”), incentive stock option grants (the “ISO Grants”) to purchase in total up to 230,000 shares of Common Stock at an exercise price equal to the fair market value of each share on the date of grant as determined by the Board in its sole discretion. The first ISO Grant will be for 115,000 shares of Common Stock and shall vest in accordance with the following schedule: 25% of the shares underlying the first ISO Grant will vest on the twelve (12) month anniversary of Executive’s Start Date with the Company and the remaining shares will vest and become exercisable on a pro rata, monthly basis, over the subsequent 36 months, beginning with the month after the twelve (12) month anniversary of the Start Date. The second ISO Grant will be for 115,000 shares of Common Stock and shall vest based on the following milestones: 50% of the shares underlying the second ISO grant will vest upon approval of an IND for DCR-PH1 with DCR-PH1 material ready to dose, and 50% upon initiation of a DCR-PH1 pivotal trial, or designation as pivotal of an on- going trial (such as would trigger a milestone payment to Tekmira Pharmaceuticals under the Dicerna-Tekmira Agreement dated November 17, 2014). Vesting of the ISO Grants will be subject to Executive’s continued status as a service provider with the Company at each such vesting period. The ISO Grants will be subject to the terms of the Plan and a Stock Option Agreement that the Company and Executive will be required to execute (the “Option Agreement”). The ISO Grants will fully accelerate upon Change of Control of the Company as defined in herein.

Stock/Stock Options. The Company’s Parent Company is Farmhouse, Inc. (OTC: FMHS) (“Parent Company”). Executive shall be eligible to participate in the Parent Company’s common stock incentive plan as in effect from time to time, if any. The Board of Directors of the Parent Company has granted Executive, effective as of the Effective Date, an option to purchase ( ) shares of the Parent Company common stock, at purchase price of $ per share, which options shall vest on the later of (i) the one-year anniversary of the Effective date and (ii) the . In addition, the Board of the Parent Company has approved the issuance of additional options for the purchase of an additional ( ) shares of the Parent Company common stock, at purchase price of $ per share, on each of , which options shall also vest on the later of (i) the one-year anniversary of the applicable option issuance date and (ii) the . Other conditions for the management of Options are as follows; (i) Dismissal For Any Other Reason. Should the Company choose to dismiss the Executive for any reason other than for cause or choose not to renew the Executive’s agreement upon the expiration date of this agreement, then the Executive has the right to retain all then issued Options and any Options that have not yet vested shall immediately accelerate and vest fully.