Examples of Employee Option Plans in a sentence
Options granted under prior Employment Agreements and Employee Option Plans will remain in affect as provided for under such agreements.
EXECUTION IN COUNTERPARTS This Agreement and any amendments, waivers, consents or supplements hereto may be executed in any number of counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original, and all of which counterparts, taken together, shall constitute one and the same instrument.
The 1993 and 1996 Employee Option Plans do not provide for the granting of stock appreciation rights; however, all options granted were granted in tandem with limited stock appreciation rights exercisable in the event of a change of control of the Association or the Company as defined by the plans, and in the case of the 1996 Employee Option Plan, in the event of a threatened change of control of the Association or the Company, as defined by the plans.
Any shares of Common Stock issued upon conversion of options granted under the Employee Option Plans in excess of the Reserved Employee Shares shall be subject to the rights granted to Purchasers under Section 7.7 hereof.
Stock Option Plans For Employees Pursuant to the terms of the 1993 and 1996 Employee Option Plans, the number of shares reserved for issuance were 2,068,058 and 950,000, respectively.
CMC has established Key Employee Stock Option Plans ("the Employee Option Plans") which provide for the issuance of stock options to officers and other key employees of CMC and its subsidiaries.
The Employee Option Plans make available for issuance an aggregate 15,105,000 shares of common stock of CMC.
The Company applies Accounting Principles Board Opinion No. 25 in accounting for the Employee Option Plans and, accordingly, no compensation cost for Company employees is recognized in the consolidated financial statements for stock options which have exercise prices equal to or in excess of the market value of CMC's common stock on the date of grant.
Xxxxxxx (collectively with the Employee Option Plans, the “Company Option Plans”) shall adopt such resolutions and/or take such other actions as may be necessary or appropriate to effect the provisions of this Section 2.4 and to cause the transactions contemplated by this Section 2.4 to be exempt from the provisions of Section 16(b) of the Exchange Act and applicable Canadian securities laws.
So long as the Purchasers, in the ------------------------ aggregate, hold more than five percent (5%) of the outstanding shares of Common Stock, the Company agrees that it will not reserve more than 4,500,000 shares of Common Stock ("Reserved Employee Shares") for issuance upon exercise of options granted under the Company's Employee Stock Option Plan and CEO Option Plan (collectively, the "Employee Option Plans").