Examples of ISO Plans in a sentence
The ISO Plans will provide for the grant to Company Directors, Company Officers and other key employees of the Company, including Employee, incentive stock options (the “ISO”) to acquire shares of the capital stock of the Company in accordance with the terms of the ISO Plans.
The strike price for the ISO shall be the fair market value for the particular class of capital stock of the Company granted to Employee under the ISO Plans on the ISO Grant Date.
The Company plans to establish one or more Incentive Stock Option plans (the “ISO Plans”) for Company Directors, Company Officers and other key employees of the Company and will use its best efforts to establish the effectiveness of such ISO Plans within 90 days of the Commencement Date (the “ISO Plan Date”).
The Shares that may be subject to Options granted under the Subsidiary ISO Plans or under this Plan may be authorized and unissued Shares or Shares reacquired by the Company, or any subsidiary of the Company, and held as treasury stock.
Pursuant to both the Subsidiary ISO Plans and this Plan, a copy of the stock option agreement and any other agreements, if required, shall be executed by the recipient of an Option or SAR at, or as soon as practicable after, the time of grant, and, notwithstanding Section 4, may be executed by any one member of the Committee or by a representative of the Committee.
The parties acknowledge that Executive has been granted and shall in the future be granted options to purchase stock of El Sitio pursuant to certain of El Sitio incentive stock option plans (the "ISO Plans") and pursuant to certain other such options which may be granted at the discretion of the Board of Directors of El Sitio.
The maximum number of Shares that may be subject to Options or SARs granted under the Subsidiary ISO Plans or this Plan shall not, in the aggregate, exceed that number of Shares as is determined by the Supervisory Board of the Company from time to time, subject to adjustment under Section 12 hereof.
In addition, all Shares issuable or transferable under Options or SARs granted pursuant to the Subsidiary ISO Plans may be subject to a stock option agreement between a Participant under those plans and the respective subsidiary and may be subject to other agreements as the Committee under those plans may deem appropriate.
It shall be the responsibility of the Committee (as hereinafter defined) to establish procedures to ensure that the total number of Options and SARs granted under the Subsidiary ISO Plans and this Plan do not exceed the grant of rights for that number of Shares as is determined by the Supervisory Board of the Company from time to time.
The Company shall not grant Options to any one person such that the total number of Shares subject to Options granted to such person pursuant to the Plan and the Subsidiary ISO Plans in any one year would exceed one-half the number of Shares reserved for issuance hereunder.