Examples of Executive Options in a sentence
The Executive Options shall be subject to the terms of the Long-Term Incentive Plan and the Executive’s Non-Qualified Stock Option Agreement (attached hereto as Exhibit A).
In addition to any benefits Executive may receive hereunder, the Company may, from time to time, grant Executive stock options exercisable for shares of common stock of the Company or restricted stock, stock appreciation rights or performance awards under the Company’s then current Stock Option Plan (the “Executive Options”), and such Executive Options shall be of such kind, in such number and have such terms and provisions as may be determined appropriate by the Board or Stock Option Committee thereof.
Upon the closing of the Acquisition, the Company will grant Executive Options in accordance with the terms of Exhibit B hereto and under a stock option plan to be adopted upon such closing.
Any such Executive Options will be granted under the Company's 1997 Stock Option Plan or a successor plan of the Company (the "Stock Option Plan").
In the event of the death of the Executive, Options that are unexercised on the date of his death may be exercised by only the executor or administrator of the Executive's estate or the person or persons to whom the Executive's rights under the Options pass by will or by the laws of descent and distribution.