Subsequent Grant Sample Clauses

Subsequent Grant. In the event that Executive elects to cancel his Existing Option as provided in Section 2(c)(ii)(A) above and subject to Executive's continuous employment with the Company, as soon as reasonably practicable following January 1, 2003, the Company shall cause the Board or a committee thereof to grant Executive non-qualified options (the "Subsequent Options") to purchase at least 40,000 shares of common stock of the Company (the "Subsequent Option Shares"). The Subsequent Options granted on or about January 1, 2003 shall have an exercise price per share equal to the "fair market value" (as such term is defined in the 1995 Plan) per share at the date of grant. The Subsequent Options with respect to fifty percent (50%) of such Subsequent Option Shares shall be referred to herein as the "Subsequent Service Option" and the Subsequent Options with respect to the remaining Subsequent Option Shares shall be referred to herein as the "Subsequent Performance Option." The terms and conditions of the Subsequent Options shall be evidenced by a stock option agreement (the "Subsequent Stock Option Agreement" and together with the Initial Stock Option Agreement and the Existing Stock Option Agreement, collectively referred to herein as the "Stock Option Agreements"). The Subsequent Stock Option Agreement shall contain terms consistent with this Section 2(c)(ii)(B) and other customary terms, including the following:
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Subsequent Grant. Provided that your employment with the Company has not terminated (except as provided below), the REIT shall, upon the earlier to occur of (i) the date on which the REIT makes its annual grants to similarly situated executives under the Incentive Plan for the year following the year in which the Effective Date occurs, or (ii) the first anniversary of the Effective Date, grant you a number of shares of the REIT's common stock (the "Subsequent Restricted Stock") equal to the quotient obtained by dividing (x) $2,000,000 by (y) the fair market value (as determined under the Incentive Plan) of a share of the REIT's common stock on the date of grant. The Subsequent Restricted Stock will be granted to you at a purchase price of $0.01 per share. The Subsequent Restricted Stock will vest as follows: twenty percent (20%) of the shares of the Subsequent Restricted Stock will vest on the date on which the Subsequent Restricted Stock is granted to you (the "First Vesting Date"), and, subject to your continued employment with the Company (except as provided below), twenty percent (20%) of the shares of the Subsequent Restricted Stock will vest on each of the first, second, third and fourth anniversaries of the First Vesting Date (each a "Subsequent Vesting Date," and together with the "First Vesting Date," a "Vesting Date"). Notwithstanding anything to the contrary, in the event of a termination of your employment by the Company without cause (as defined below), all Subsequent Restricted Stock (that is, the number of shares equating to $2,000,000 as determined above) shall, upon such termination, be considered granted and vested in full, without regard to the vesting schedule based on continued employment described herein, provided, that in no event shall such vesting upon a termination without cause result in greater than 100% of the Subsequent Restricted Stock becoming vested. Consistent with the foregoing, the terms and conditions of the Subsequent Restricted Stock will be set forth in a restricted stock agreement to be entered into by you and the REIT which will evidence the grant of the Subsequent Restricted Stock." Except as set forth herein, the Employment Letter shall remain in full force and effect. All capitalized terms used in this letter without definition will have the meanings given to them in the Employment Letter. Please confirm your agreement to the foregoing by signing and dating the enclosed duplicate original of this letter in the space provided belo...
Sample 1
Subsequent Grant. On January 2, 2007, the Company granted to Executive, under the Equity Plan, a nonqualified Stock Option to purchase 188,000 shares of the Company’s common stock (the “Subsequent Stock Option”). The Subsequent Stock Option was granted to Executive at an exercise price per share equal to the Fair Market Value and vests and becomes exercisable, subject to Executive’s continued employment with the Company through each such vesting date, as follows: 11% immediately and 1.83% on the last day of each month in 2007 (such that 33% vested as of December 31, 2007), 2.83% on the last day of each month in 2008 (such that 67% would be vested as of December 31, 2008), 1.83% on the last day of each month in 2009 (such that 89% would be vested as of December 31, 2009) and 0.92% on the last day of each month in 2010 (such that 100% would be vested as of December 31, 2010). The terms and conditions of the Subsequent Stock Option, including the applicable vesting conditions, have been set forth in a stock option agreement entered into by the Company and Executive which evidences the grant of the Subsequent Stock Option and, except as otherwise expressly provided herein, is consistent with the terms and conditions contained in Stock Option Agreements provided to other key executives of the Company. The Subsequent Stock Option is, subject to the provisions of this Section 1(b)(v)(A)(2), Sections 1(b)(v)(F) and (G) and 1(c)(iii)(A) below, governed in all respects by the terms of the Equity Plan and the applicable Stock Option Agreement.
Sample 1
Subsequent Grant. Subject to the approval of the Board, effective upon the IPO, you will be granted an option (the “Subsequent Option”) to purchase up to 330,000 shares of the Company’s common stock, par value $0.001 per share (the “Shares”) at an exercise price per share equal to the price of the Company’s common stock sold in the IPO, under the Plan. The Option will be subject to the terms and conditions of the Plan, as set forth in the Plan and the applicable Stock Option Grant Notice and Stock Option Agreement. Subject to the terms of forfeiture, termination and acceleration provided for in the Plan, the Subsequent Option shall vest as follows: (i) 1/3 of the Shares shall vest on the first anniversary of the date hereof and (ii) the remaining 2/3 of the shares subject to each Option shall vest and become exercisable in 8 successive equal quarterly installments.
Sample 1
Subsequent Grant. If this Agreement or Executive's employment by Rural/Metro is renewed at the expiration of the Initial Term (as that term is defined in paragraph 5), Rural/Metro will promptly grant Executive options to purchase an additional One Hundred Thousand (100,000) shares of Rural/Metro stock at the closing price of Rural/Metro stock on the date of grant with the terms and conditions of the options to be set forth in a separate Stock Option Agreement. The Stock Option Agreement shall provide that the options shall be fully vested and exercisable at the time of grant and the options will remain exercisable during the period of Executive's employment with Rural/Metro and for at least 36 months following the termination of Executive's employment with Rural/Metro. In any event, notwithstanding the preceding sentence, the options will lapse and no longer be exercisable on or after the tenth (10th) anniversary of the date of grant.
Sample 1

Related to Subsequent Grant

  • Initial Grant Following the execution of this Agreement, the Executive shall be granted 500,000 options to acquire common shares in the capital of the Parent, with the price and terms of such options to be established by the Board of Directors of the Parent in accordance with the Parent's stock option plan.

  • Subsequent Equity Sales (a) From the date hereof until 90 days after the Closing Date, neither the Company nor any Subsidiary shall issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of Common Stock or Common Stock Equivalents.

  • Purchase Right Without prejudice to the enforcement of the Senior Secured Parties remedies, the Senior Secured Parties agree that following (a) the acceleration of all Senior Obligations in accordance with the terms of the Senior Debt Documents or (b) the commencement of an Insolvency Proceeding (each, a “Purchase Event”), within thirty (30) days of the Purchase Event, one or more of the Junior Priority Debt Parties may request, and the Senior Secured Parties hereby offer the Junior Priority Debt Parties the option, to purchase all, but not less than all, of the aggregate amount of outstanding Senior Obligations outstanding at the time of purchase at par, plus any premium that would be applicable upon prepayment of the Senior Obligations and accrued and unpaid interest and fees, without warranty or representation or recourse (except for representations and warranties required to be made by assigning lenders pursuant to the Assignment and Assumption (as such term is defined in the Senior Credit Agreement)). If such right is exercised, the parties shall endeavor to close promptly thereafter but in any event within ten Business Days of the request. If one or more of the Junior Priority Debt Parties exercise such purchase right, it shall be exercised pursuant to documentation mutually acceptable to each of the Senior Representative and the Junior Priority Representative. If none of the Junior Priority Debt Parties exercise such right, the Senior Secured Parties shall have no further obligations pursuant to this Section 5.07 for such Purchase Event and may take any further actions in their sole discretion in accordance with the Senior Debt Documents and this Agreement.

  • Initial Option Grant As of the end of the day of the date this Agreement is signed by the Company and Employee, the Company shall grant Employee an option to purchase the number of shares described in Exhibit A of common stock of the Company under the Company's 1992 Stock Option Plan, as amended, having an exercise price per share equal to the fair market value (as defined in the Stock Option Plan) of a share of common stock of the Company. Except as otherwise provided in the Stock Option Plan, the option shall become exercisable as described in Exhibit A.

  • Vesting of Option The Option shall be 100% vested upon the date of grant.

  • Vesting of Options The Option shall vest (become exercisable) in accordance with the vesting schedule shown on page 1 of this Award Agreement. Notwithstanding the vesting schedule on page 1, the Option will also vest and become exercisable:

  • Restricted Stock Unit Grant In consideration of the Executive’s entering into this Agreement and as an inducement to remain with the Company, the Executive shall be granted promptly following the Commencement Date, under the Stock Plan, an award of 14,063 restricted stock units to be settled in shares of the common stock of ART (the “Restricted Stock Units”), subject to the approval of the Compensation Committee of the Board of Directors of ART. Such award shall be governed by the Stock Plan and a restricted stock unit award agreement between the Executive and ART. Subject to terms of the Stock Plan and the award agreement for the Restricted Stock Units, the Restricted Stock Units shall vest in equal one-third (1/3) installments on the second, third and fourth anniversaries of the date of grant of such award, subject to the Executive’s continuous employment with the Company from the date of grant of such award through such vesting dates, except as otherwise provided in Section 7(b).

  • Vesting Period The vesting period of the Restricted Stock (the “Vesting Period”) begins on the Grant Date and continues until such date as is set forth on Schedule A as the date on which the Restricted Stock is fully vested. On the first Annual Vesting Date following the date of this Agreement and each Annual Vesting Date thereafter the number of shares of Restricted Stock equal to the Annual Vesting Amount shall become vested, subject to earlier forfeiture as provided in this Agreement. To the extent that Schedule A provides for amounts or schedules of vesting that conflict with the provisions of this paragraph, the provisions of Schedule A will govern. Except as permitted under Section 10, the shares of Restricted Stock for which the applicable Vesting Period has not expired may not be sold, assigned, transferred, pledged or otherwise disposed of or encumbered (whether voluntary or involuntary or by judgment, levy, attachment, garnishment or other legal or equitable proceeding). The Employee shall not have the right to receive cash dividends paid on shares of Restricted Stock for which the applicable Vesting Period has not expired. In lieu thereof, the Employee shall have the right to receive from the Company an amount, in cash, equal to the cash dividends payable on shares of Restricted Stock for which the applicable Vesting Period has not expired, provided the Employee is employed by the Company on the payroll date coinciding with or immediately following the date any such cash dividends are paid on the Restricted Shares. The Employee shall have the right to vote the Restricted Stock, regardless of whether the applicable Vesting Period has expired.

  • Optional Repurchase Right The NIMS Insurer, if any, may repurchase any Distressed Mortgage Loan for a purchase price equal to the outstanding principal balance of such Mortgage Loan, plus accrued interest thereon to the date of repurchase plus any unreimbursed Advances, Servicing Advances or Servicing Fees allocable to such Distressed Mortgage Loan. Any such repurchase shall be accomplished by the NIMS Insurer’s remittance of the purchase price for the Distressed Mortgage Loan to the Master Servicer for deposit into the Collection Account. The NIMS Insurer shall not use any procedure in selecting Distressed Mortgage Loans to be repurchased which would be materially adverse to Certificateholders.

  • NOTICE OF RESTRICTED STOCK UNIT GRANT Participant Name: Address: You have been granted the right to receive an Award of Restricted Stock Units, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Vesting Commencement Date Number of Restricted Stock Units

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