Subsequent Option Grants. In the event of any grant by the Company of any Option pursuant to the Company's 1996 Stock Option Plan, (i) if the grantee is a party to this Agreement, such Options and Option Shares shall automatically, and without any action on the part of such grantee, become subject to the provisions of this Agreement, and (ii) if the grantee is not a party to this Agreement, such grantee shall become a party with respect to such Options and Option Shares by executing a signature page hereto. Schedule 1 hereto shall be amended by the Company, without any action on the part of any Securityholder, from time to time to reflect such additions. The Company shall not be required to give notice to any Securityholder of any such amendments to Schedule 1 but shall, upon the request of any Securityholder, provide a copy of Schedule 1, as so amended.
Subsequent Option Grants. Subject to the discretion of the ------------------------ Company's Board of Directors, you may be eligible to receive additional grants of stock options or purchase rights from time to time in the future, on such terms and subject to such conditions as the Board of Directors shall determine as of the date of any such grant.
Subsequent Option Grants. Commencing in calendar year 2004 the Executive shall be eligible to receive annual option grants. Such subsequent option grants shall be at the sole discretion of the Company's Board of Directors. It is estimated that the number of options granted to the Executive will be two times the average number of options granted to the Company's Vice Presidents, provided that the Executive has reached his assigned performance targets as communicated to the Executive from time to time by the Company.
Subsequent Option Grants. Effective January 1, 2007, the Executive shall be considered for additional option grants during the Term consistent with the Company’s annual option grant practices.
Subsequent Option Grants. The Executive also shall be eligible to receive additional options to purchase 100,000 shares of ALJJ’s common stock for each subsequent acquisition approved by the Board that the Board reasonably determines was a direct result of the actions of the Executive. Such grants shall have an exercise price equal to fair market value of the covered shares on the date of grant, shall vest in four (4) equal annual installments subject to continued service, and shall otherwise reflect the ALJJ Board’s standard terms and conditions for stock option grants.
Subsequent Option Grants. Subject to the sole discretion of the Parent Board, you may be eligible to receive additional grants of stock options from time to time in the future, on such new terms and subject to such conditions as the Parent Board shall determine as of the date of any such grant.
Subsequent Option Grants. You have received an additional stock option grant of 120,000 shares, and such grant will continue to governed by its documentation. You will be eligible to participate in any stock option or other incentive programs available to officers or employees of the Company.
Subsequent Option Grants. On such date in 2006 that the Committee grants options to other senior executives of the Company, the Committee shall grant Executive an Option (“2006 Option”) to purchase such number of Common Shares as shall result in the 2006 Option having a Black-Scholes value of $6,000,000 as of the date of grant, subject to the terms and conditions of the Stock Ownership Program. The Committee shall in its discretion consider Executive for possible future annual or other grants of Options (“Subsequent Options”) for Fiscal Year 2007 and each Fiscal Year thereafter during the Employment Period, as determined by the Committee in its discretion based on Executive’s performance and consistent with the treatment of other senior executives of the Company. Such Subsequent Options shall be subject to the terms of the Stock Ownership Program or applicable successor program.
Subsequent Option Grants. On June 30, 2004, the Corporation will grant to MADDON irrevocable options to purchase up to 75,000 shares of the Corporation’s Common Stock at an exercise price representing the fair market value per share of the Common Stock as of the close of business on June 30, 2004 (the “Future Options”). Fifty percent (50%) of the Future Options shall, except for the exercise price, be the same as the Traditional Options and shall vest over four (4) years, with twenty-five percent (25%) thereof vesting on each of the first, second, third and fourth anniversaries of June 30,
Subsequent Option Grants. In addition, for calendar years 2004 and 2005, at the discretion of the Board, Executive may be eligible to receive additional grants of stock options or stock purchase rights of up to 1/2% of the Company’s total Outstanding Stock as of the final closing of Series B based on Executive’s individual contribution and MBO plan to the Company during each such calendar year. The amount of any discretionary grant shall be determined by the Board and, where awarded, shall be awarded in full by the Company within 30 days after calendar year-end.
