Stock Option Grant definition

Stock Option Grant means any Option right granted under the Plan.

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Stock Option Grant. Employee shall receive a grant of 125,000 stock options, effective September 8, 1998, vesting 20% on the Grant Date and 20% on each of the first four anniversaries of the Grant Date, as evidenced by an Award Agreement, upon execution of this Agreement.

Stock Option Grant means the agreement between the Company and an Optionee under which an Optionee may acquire Stock pursuant to the Plan.

Examples of Stock Option Grant in a sentence

• If designated in the Notice of Stock Option Grant as an Incentive Stock Option (“ISO”), this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code.

• This Option shall be exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement.

• The Administrator of the Company hereby grants to the Participant named in the Notice of Stock Option Grant in Part I of this Agreement (“Participant”), an option (the “Option”) to purchase the number of Shares set forth in the Notice of Stock Option Grant, at the exercise price per Share set forth in the Notice of Stock Option Grant (the “Exercise Price”), and subject to the terms and conditions of the Plan, which is incorporated herein by reference.

• This Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.

• This Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may be exercised during the term only in accordance with the Plan and the terms of this Option.

More Definitions of Stock Option Grant

Stock Option Grant. Nonqualified stock options for 50,000 shares of common stock, with exercise, termination and other terms as provided in an Option Agreement ("Option Agreement") and the 1993 Director and Stock Option Plan under which it is issued, including the following:

Stock Option Grant. Subject to the approval of the Company’s board of directors, you will be granted an option to purchase 550,000 shares of the Company’s common stock at a price equal to the fair market value as established by an independent assessment within 60 days of the closing of the Series A financing. ·Bonus: You will be eligible to participate in the Company’s bonus incentive plan, with a target bonus of 30% (pro-rated in any years which you are employed for less than 12 months), which will be authorized by the Company’s board of directors in its sole assessment of the company’s performance against its goals. Any bonus for a fiscal year will be paid within 21/2 months after the close of that fiscal year, but only if you are still employed by the Company at the time of payment. The determinations of the Board with respect to any bonus will be final and binding.

Stock Option Grant. No additional award with this Employment Agreement.

Stock Option Grant. The Company intends to grant you stock options to purchase common stock of the Company. The terms of the stock options are set forth on Exhibit "B" attached hereto.

Stock Option Grant. TPR shall grant Exec an option to purchase 40,000 shares of Common Stock, as authorized by TPR's Compensation Committee, at fair market value as indicated by the closing price of REVU on April 22, 2002. These options shall be subject to the terms and conditions of The Princeton Review, Inc. Stock Option Grant attached hereto.

Stock Option Grant. The Company intends to grant you 30,000 stock options to purchase common stock of the Company under its Stock Option Plan. These options will have an exercise price of $1.00 per share. All options will be subject to the requirements of the Company's Stock Option Plan, applicable rules under the Internal Revenue Code, applicable accounting policies and securities laws.

Stock Option Grant. Curd shall receive incentive and non-qualified options to purchase 125,000 shares of Common Stock of VaxGen at $9.50 per share (with as many shares allocated to an incentive stock option as is permissible under applicable laws). The stock options will be administered according to the VaxGen's Stock Option Plan and shall vest over time as indicated in the Stock Option Plan. The options shall accelerate in full immediately upon occurrence of any of the following events: (i) Change of Control (as defined below) of VaxGen, or (ii) termination of Curd's employment without cause or by Curd for Good Reason (as defined below). Upon an occurrence of event described in (ii) above, the right to exercise all nonqualified stock options shall be extended to one year from the date of termination.