Stock/Stock Options. The Employee will be eligible to participate in any stock option, restricted stock units, performance stock units, stock appreciation rights or other equity-based compensation 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 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. The Employee shall also receive an initial award of 150,000 stock options in accordance with the Company’s Stock Option Plan.
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. 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 option currently held by Executive to purchase 200,000 shares of the Company’s common stock shall vest 100% on the Effective Date. As soon as practicable after the Effective Date, the Company shall (a) grant to the Executive 500,000 shares of Restricted Stock at par value, to vest annually in equal amounts over three years commencing on the 1st of January 2006, with payment of the first award of 166,667 shares to be made on 1st January 2007, the second award of 166,667 shares to be made on January 1st 2008 and the third award of 166,666 shares to be made on 1st of January 2009 (b) grant to the Executive an option to purchase 1,000,000 shares of the Company’s common stock and (c) effect the transfer from Axxx Xxx to Executive of an option to purchase 250,000 shares of the Company’s common stock (collectively the options in the aforesaid subparagraphs (b) and (c), the “Options”). The Options shall vest over 3 years in accordance with the following vesting schedule: (i) 34% on the first anniversary of the Effective Date, and (ii) the remaining 66% every six months thereafter in equal increments of 16.5%. The term of the Options shall be ten years from the Effective Date. The Options shall be issued pursuant to the Company’s Stock Incentive Plan and will be evidenced by a Stock Option Grant Agreement, as modified to reflect the terms of this Agreement. The strike price for the Options that are non-qualified options shall be $1.50 and for incentive stock options shall be 100% of the Fair Market Value, as defined in the Company’s Stock Incentive Plan, as amended, of the Company’s common stock on the date of grant. Irrespective of the date of grant, the vesting commencement date for any Options issued in accordance with this Section 4.3 will be the Effective Date. The Options will be granted, to the maximum amount of shares currently permitted by law, in the form of incentive stock options and the remainder in non-qualified options. Notwithstanding the foregoing, all Restricted stock grants and Options shall vest 100% immediately upon a Change in Control as defined below. For purposes of this Section, a “Change in Control” shall be deemed to occur in the event of a change in ownership or control of the Company effected through any of the following transactions: (i) the acquisition, directly or indirectly, by any person or related group of persons (other than the Company or a person that immediately before the Change of Control directly or indirectly controls,...
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 will receive, pursuant to the Company’s 2010 Employee, Director and Consultant Equity Incentive Plan (the “Plan”), two incentive stock options (ISOs), dated the date that the Executive commences employment, each to purchase up to 400,000 shares of Common Stock (for a total of 800,000 shares) at an exercise price equal to the Fair Market Value of each share on the date of grant. The first ISO will vest 25% after one year and then 1/36 at the end of each of the next 36 months. The second ISO will vest in 10,000 share increments, with one increment vesting per $1 million in non-equity cash derived from new business development activity (ie. existing deals will not be considered in determining vesting). However, this number will be $2 million for non-equity cash derived from a modification of Dicerna’s relationships with Kyowa Hakko Kirin and Ipsen, if such modification occurs during the first six months after the commencement of employment. Both ISOs will fully accelerate upon Change of Control of the Company as defined in herein.
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 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:
