Subsequent Stock Options Sample Clauses

Subsequent Stock Options. You shall be entitled to additional stock ------------------------ options as determined by the compensation committee of ASTeX's Board of Director's in its sole discretion. An additional 10,000 options may be granted based on a performance review on or about October 1, 2000. An additional 10,000 options may be granted based on a second review on or about October 1, 2001.
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Subsequent Stock Options. You shall be entitled to additional stock ------------------------ options as determined by the compensation committee of ASTeX's Board of Director's in its sole discretion.
Sample 1
Subsequent Stock Options. Subject to the discretion of the Board of Directors, Company shall grant to Executive the option to purchase a number of shares of stock pursuant to the Company's 1997 Incentive Plan or, at the election of the Compensation Committee, out of other appropriate Company stock outside of the 1997 Incentive Plan, in accordance with the following schedule: January 1, 2000 50,000 shares January 1, 2001 50,000 shares January 1, 2002 50,000 shares January 1, 2003 50,000 shares January 1, 2004 50,000 shares The purchase price for each share of Common Stock subject to each subsequent option shall be equal to the Fair Market Value of a share of stock as of the date of grant of such subsequent option. Subject to the terms of the 1997 Incentive Plan and the agreement to be executed by Company and Executive evidencing each subsequent option, each subsequent option shall (i) be a nonqualified stock option (ii) have a ten-year term, and (iii) become exercisable 100% on the second anniversary of the date of grant of such subsequent option.
Sample 1
Subsequent Stock Options. The Executive shall be entitled to receive stock options and such other long term compensation as may be determined by the Board of Directors from time to time in its discretion. In making any determinations concerning the award of stock options to the Executive, the Board of Directors will apply the same criteria as it applies in making awards to the other key executives of the Company, and its determinations will not be affected by the bonus arrangement described in Section 2(d).
Sample 1
Subsequent Stock Options. In addition, upon the six month anniversary ------------------------ date of your date of employment, you shall be eligible to receive a stock option to purchase up to an additional 25,000 shares of the Company's Common Stock based upon a review of your performance against mutually agreed upon goals. Such options shall be priced based on the closing price of the Company's Common Stock as reported by NASDAQ on the date of grant and shall vest as follows: 20% vesting after six months and the remaining 80% vesting in four equal annual installments on the anniversary date of such grant. Notwithstanding the foregoing, in the event of a Change of Control (as defined in Section 7 herein), an additional 20% of such option shall vest upon the Change of Control (but in any event not to exceed 100% of the original option grant).
Sample 1
Subsequent Stock Options. On each of the first, second and third anniversaries of the Effective Date, Company shall grant to Executive options to purchase a number of shares of Stock (the "Subsequent Options") pursuant to the 1998 Plan or any other appropriate Company stock plan (the "Company Stock Plan") in accordance with the following schedule: Anniversary of Effective Date Number of Shares First Anniversary 75,000 Second Anniversary 50,000 Third Anniversary 25,000 The purchase price for each share of Stock subject to each Subsequent Option shall be equal to the Fair Market Value (as such term is defined in the Company Stock Plan) of a share of Stock as of the date of grant of such Subsequent Option. Subject to the terms of the Company Stock Plan and the agreement to be executed by Company and Executive evidencing each Subsequent Option, each Subsequent Option shall (i) be an incentive stock option to the extent permitted under applicable law and a nonqualified stock option to the extent of the remainder of the grant, if any, (ii) have a ten-year term, (iii) become exercisable in 25% increments on each of the first four anniversaries of the date of grant of such Subsequent Option. To the extent the grant of a Subsequent Stock Option would exceed the applicable limitations under any Company Stock Plan, such grant or portion thereof shall be subject to the approval by the shareholders of Company of an amendment to such Company Stock Plan that would permit such grant or portion thereof. In the event of any such limitation, Company shall (a) cause the 1998 Plan to be amended, (b) submit such amendment to Company's shareholders at Company's 1999 Annual Meeting of Shareholders and (c) use its reasonable best efforts to secure approval by the shareholders of Company of such amendment.
Sample 1
Subsequent Stock Options. You shall be entitled to an additional ------------------------ 25,000 stock options over the next year (at the start of Fiscal Year 2001), subject to Board of Directors or the Compensation Committee of the Board of Directors' approval, provided your employment with ASTeX continues to be active at that time.
Sample 1
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Subsequent Stock Options. In addition, upon the six month anniversary date of your date of employment, you shall be eligible to receive a stock option to purchase up to an additional 15,000 shares of the Company's Common Stock based upon a review of your performance against mutually agreed upon goals. In addition, upon your next review on or about July 1, 1999, you shall be eligible to receive a stock option to purchase up to an additional 15,000 shares of the Company's Common Stock based upon a review of your performance against mutually agreed upon goals. Such options shall be priced based on the closing price of the Company's Common Stock as reported by NASDAQ on the date of grant and shall vest as follows: 20% vesting immediately and the remaining 80% vesting in four equal annual installments on the anniversary date of such grant. Notwithstanding the foregoing, in the event of a Change of Control (as defined in Section 7 herein), an additional 20% of such option shall vest upon the Change of Control (but in any event not to exceed 100% of the original option grant).
Sample 1

Related to Subsequent Stock Options

  • Employee Stock Options (a) At the Effective Time, each Eligible Stock Option that is then outstanding under the Company Option Plan, whether vested or unvested, shall be assumed by Parent in accordance with the terms (as in effect as of the date of this Agreement) of the Company Option Plan and the stock option agreement by which such Eligible Stock Option is evidenced. All rights with respect to Company Common Stock under outstanding Eligible Stock Options shall thereupon be converted into rights with respect to Parent Common Stock. Accordingly, from and after the Effective Time, (a) each Eligible Stock Option assumed by Parent may be exercised solely for shares of Parent Common Stock, (b) the number of shares of Parent Common Stock subject to each such assumed Eligible Stock Option shall be equal to the number of shares of Company Common Stock that were subject to such Eligible Stock Option immediately prior to the Effective Time multiplied by the Exchange Ratio, rounded down to the nearest whole number of shares of Parent Common Stock, (c) the per share exercise price for the Parent Common Stock issuable upon exercise of each such assumed Eligible Stock Option shall be determined by dividing the exercise price per share of Company Common Stock subject to such Eligible Stock Option, as in effect immediately prior to the Effective Time, by the Exchange Ratio, and rounding the resulting exercise price up to the nearest whole cent, and (d) all restrictions on the exercise of each such assumed Eligible Stock Option shall continue in full force and effect, and the term, exercisability, vesting schedule and other provisions of such Eligible Stock Option shall otherwise remain unchanged; provided, however, that each such assumed Eligible Stock Option shall, in accordance with its terms, be subject to further adjustment as appropriate to reflect any stock split, reverse stock split, stock dividend, recapitalization or other similar transaction effected by Parent after the Effective Time. The Company and Parent shall take all action that may be necessary (under the Company Option Plan and otherwise) to effectuate the provisions of this Section 1.6.

  • Company Stock Options At the Effective Time, each Company Stock --------------------- Option shall be deemed to have been assumed by Evergreen, without further action by Evergreen, and shall thereafter be deemed an option to acquire, on the same terms and conditions as were applicable under such Company Stock Option, that number of shares of Surviving Corporation Common Stock that would have been received in respect of such Company Stock Option if it had been exercised immediately prior to the Effective Time (such Company Stock Options assumed by Evergreen, the "Assumed Chancellor Stock Options"); provided, however, that, for -------- ------- each optionholder, (i) the aggregate fair market value of Surviving Corporation Common Stock subject to Assumed Chancellor Stock Options immediately after the Effective Time shall not exceed the aggregate exercise price thereof by more than the excess of the aggregate fair market value of Company Common Stock subject to Company Stock Options immediately before the Effective Time over the aggregate exercise price thereof and (ii) on a share-by-share comparison, the ratio of the exercise price of the Assumed Chancellor Stock Option to the fair market value of the Surviving Corporation Common Stock immediately after the Effective Time is no more favorable to the optionholder than the ratio of the exercise price of the Company Stock Option to the fair market value of the Company Common Stock immediately before the Effective Time; and provided, -------- further, that no fractional shares shall be issued on the exercise of such ------- Assumed Chancellor Stock Option and, in lieu thereof, the holder of such Assumed Chancellor Stock Option shall only be entitled to a cash payment in the amount of such fraction multiplied by the closing price per share of Surviving Corporation Common Stock on the Nasdaq National Market on the business day immediately prior to the date of such exercise.

  • Stock Options (a) Subsequent to the effectiveness of the Form 10, but prior to the consummation of the Distribution, and subject to the consummation of the Distribution, each option to purchase ALTISOURCE Common Stock (“ALTISOURCE Stock Options”) granted and outstanding under the 2009 Equity Incentive Plan of ALTISOURCE (“ALTISOURCE Option Plan”) shall remain granted and outstanding and shall not, and ALTISOURCE shall cause (to the maximum extent permitted under the ALTISOURCE Option Plan) the ALTISOURCE Stock Options not to, terminate, accelerate or otherwise vest as a result of the Distribution, and each holder thereof immediately prior to the Distribution will be entitled to the following, determined in a manner in accordance with, and subject to, the ALTISOURCE Option Plan, FAS123R and Section 409A of the Internal Revenue Code: (i) an option to acquire a number of shares of Residential Class B Common Stock equal to the product of (x) the number of shares of ALTISOURCE Common Stock subject to the ALTISOURCE Stock Option held by such holder on the Distribution Date and (y) the distribution ratio of one (1) share of Residential Class B Common Stock for every three (3) shares of ALTISOURCE Common Stock (the “Residential Stock Options”), with an exercise price to be determined in a manner consistent with this Section 3.04 and (ii) the adjustment of the exercise price of such holder’s ALTISOURCE Stock Option, to be determined in a manner consistent with this Section 3.04 (the “Adjusted ALTISOURCE Stock Options”) (the Residential Stock Options and the Adjusted ALTISOURCE Stock Options, together, the “Post-Distribution Stock Options”).

  • Nonstatutory Stock Option The Optionee may incur regular federal income tax liability upon exercise of a NSO. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If the Optionee is an Employee or a former Employee, the Company will be required to withhold from his or her compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

  • Restricted Stock and Stock Options Employer shall cause the Compensation Committee of the Board of Directors of Employer to review whether Employee should be granted shares of restricted stock and/or options to purchase shares of common stock of CBSI. Such review may be conducted pursuant to the terms of the Community Bank System, Inc. 2014 Long-Term Incentive Plan, a successor plan, or independently, as the Compensation Committee shall determine. Reviews shall be conducted no less frequently than annually.

  • Nonqualified Stock Options If the Shares are held for more than twelve (12) months after the date of purchase of the Shares pursuant to the exercise of an NQSO, any gain realized on disposition of the Shares will be treated as long term capital gain.

  • Share Options With respect to the share options (the “Share Options”) granted pursuant to the share-based compensation plans of the Company and its subsidiaries (the “Company Share Plans”), (i) each Share Option intended to qualify as an “incentive stock option” under Section 422 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), so qualifies, (ii) each grant of a Share Option was duly authorized no later than the date on which the grant of such Share Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required shareholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Share Plans, the Exchange Act, and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange (the “Exchange”), and (iv) each such grant was properly accounted for in accordance with IFRS in the financial statements (including the related notes) of the Company. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Share Options prior to, or otherwise coordinating the grant of Share Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • Initial Stock Option Grant You will be awarded options in respect of Koninklijke common stock (your “Initial Stock Options”). The number of Initial Stock Options to be awarded to you is stated in the Schedule. The vesting schedule for your Initial Stock Options is stated in the Schedule. Your Initial Stock Options will be subject to the terms of LTIP and to the terms of your award agreement under it.

  • Incentive Stock Options If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares will be treated as long term capital gain for federal and California income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price.

  • Nonqualified Stock Option The Option is a nonqualified stock option and is not, and shall not be, an incentive stock option within the meaning of Section 422 of the Code.

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