Examples of ISO Plans in a sentence
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 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 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 aggregate Fair Market Value (determined as of the Date of Grant) of the Shares for which Incentive Stock Options are granted under the ISO Plans to any one Eligible Person that are exercisable for the first time during any calendar year shall not exceed $100,000.
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's 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 Board may at any time amend, suspend or terminate that portion of this Plan relating to the grant of Options or SARs to members of the Supervisory Board, members of the Management Board, employees or consultants and that portion of the Plan that relates to any Options or SARs not then granted pursuant to the Subsidiary ISO Plans.
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 no event shall an Option or SAR be granted pursuant to the Subsidiary ISO Plans or this Plan without the consent of the Committee.
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 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.