Employee Options definition
Examples of Employee Options in a sentence
Employee Options: Employees may enroll, change or cease their contributions at any time.
The Quarterly Notice shall be accompanied by a schedule setting forth, in the form of tranches of the same exercise dates and exercise prices, all unexercised Subject Employee Options as of the end of such quarter.
The Company shall, no later than the date hereof, grant to the Employee options (the "Employee Options") to purchase 750,000 shares of the Company's common stock, par value $.01 per share (the "Common Stock") pursuant to Section 4.2 of the Purchase Agreement, including, having an exercise price of $0.54 per share (it being understood and agreed that such number of shares of Common Stock and such exercise price are before giving effect to the Reverse Stock Split (as defined in the Purchase Agreement)).
The Employee Options shall be governed by an option agreement between Executive and the Company, in substantially the form attached hereto (the “Option Agreement”).
The shares covering such restricted stock or restricted stock units, along with the shares covered by the Employee Options granted to Employee as of December 23, 2004, shall be registered on a Form S-8 to be filed in connection with the Initial Public Offering.