Stock Option Grants definition
Stock Option Grants means the issuance of stock options approved by the shareholders of the Company on August 25, 2008, April 27, 2009 and December 11, 2009, respectively.
Stock Option Grants the Stock Options shall become exercisable on the dates indicated below as to that number of shares of Common Stock of the Company as set forth below opposite each such date. Date Number of Shares ---- ---------------- April 17, 2001 66,667 April 17, 2002 66,667 April 17, 2003 66,666 The foregoing schedule to the contrary notwithstanding, the Stock Options shall become fully and immediately exercisable in the event the Employment Term terminates prior to the Expiration Date by reason of termination of the Executive's employment hereunder by Executive for Good Reason or by the Company without Cause (as such terms are hereinafter defined). The Stock Options shall in all events expire on the date ten years after the Commencement Date, if not terminated or canceled earlier. The Executive shall be permitted to transfer the Stock Options to the Executive's immediate family members and/or lineal descendents (or a trust or family limited partnership established solely for the benefit of any such immediate family member and/or lineal descendent). Notwithstanding anything in the Stock Option Grants to the contrary, to the extent any provisions contained therein are inconsistent with or differ from the explicit terms and conditions of this Agreement, the terms and conditions of this Agreement shall control. To the extent this Agreement does not specifically address an issue or term set forth in the Stock Option Grants, then the provisions and terms of the Stock Option Grants shall apply.
Stock Option Grants. Employee shall be granted stock options on 50,000 shares of the Company's Common Stock and with each option having an option exercise price equal to the fair market value of one share of Company Common Stock on the date hereof and other terms and conditions consistent with the Company's stock option grant policy with respect to similarly situated Company employees.
Examples of Stock Option Grants in a sentence
Stock Option Grants To date, we have not granted any stock options.
In addition, all unvested Stock Option Grants, Restricted Stock Awards or other equity granted to the Executive shall become fully vested as of the date of termination regardless of the vesting schedule associated with such equity grants.
Upon the Executive’s retirement, all unvested Stock Option Grants, Restricted Stock Awards or other equity granted to the Executive shall become fully vested as of the date of termination regardless of the vesting schedule associated with such equity grants.
For the purposes of the Plan, the rules of the Subplan shall be incorporated into and made part of the Administrative Procedure for Stock Option Grants insofar as grants of Approved Options to employees of the Company’s UK subsidiaries are concerned.
As more fully specified in the Stock Option Grants, the number of shares covered by, and the option price per share of, the Stock Options will be subject to adjustment by the Company for any stock split, reclassification, combination or similar change in the Company's capital stock.
More Definitions of Stock Option Grants
Stock Option Grants has the meaning set forth in Section 8.4.
Stock Option Grants. As set forth in the Company’s 2006 Stock Option and Grant Plan, as amended, and associated equity award agreements between you and the Company (collectively, the “Equity Award Documents”), your option to purchase the Company’s common stock shall cease vesting on the Separation Date, except as otherwise provided in this Agreement. All of your rights and obligations to stock options, including without limitation, vesting, exercise and expiration, are governed by the terms and conditions of the Equity Award Documents, except as otherwise described below. In accordance with the Equity Award Documents, to the extent that you have vested but unexercised stock option grants, you will have ninety days after the Separation Date to exercise the vested portion of said options. Except as otherwise provided in this Agreement, stock options which remain unvested as of the Separation Date will be forfeited.
Stock Option Grants. The Stock Options identified in the offer letter of April 13, 2000, will be granted under a Stock Option Agreement pursuant to and governed by the TNPC 2000 Stock Plan. Period of Post-Employment Non-Competition Obligations and Period of Non-Solicitation of Customers: Employee's obligations in section 3.5, Non-Competition Obligations, and section 3.6, Non-Solicitation of Customers, shall survive the termination of employment and extend twelve months after Employee's termination of employment, except that this period shall be reduced to six months in the event of an involuntary termination or a termination on account of material breach by TNPC. Geographic Region of All fifty states in the United States, as Responsibility: well as the District of Columbia. TNPC, INC. XXXX XXXXXXXXX By: /s/ H. E. XXXXXXXX /s/ XXXX XXXXXXXXX -------------------------------------- -------------------------------- Name: H. Xxxxxx Xxxxxxxx This 12th day of September, 2000 ------------------------- Title: CEO ------------------------- This 11th day of September, 2000 "EXHIBIT A" TO EMPLOYMENT AGREEMENT BETWEEN TNPC AND XXXXX XXXXXXXXX Term: Four (4) years Position: Vice President, Corporate Development Reporting Relationship: Reporting to H. Xxxxxx Xxxxxxxx, President and CEO Location: Greenwich, Connecticut or within 20 miles of current location Annual and Monthly Base Salary: Annual Base Salary of $160,000 ($13,333.33 monthly); increased to $240,000 ($20,000 monthly) upon relocation to the Greenwich, Connecticut area.
Stock Option Grants. The Board will grant you stock options under the Company’s 2005 Stock Option Plan (“Plan”) exercisable for shares of common stock of the Company equivalent to approximately 13½% of the amount of such shares issued and outstanding on the date you become an “employee” for purposes of the Plan and the Internal Revenue Code (“Employment Date”) or as soon thereafter as the Board shall meet to formally authorize the initial grants (“Initial Grant Date”). The Plan currently has approximately 371,000 shares available for grants to other executive officers and employees under the Plan, as well as to you under this Letter Agreement. The Company commits to seek stockholder approval at the 2011 Annual Stockholder Meeting to amend the Plan to add and reserve sufficient additional shares under the Plan to fulfill the total option grants in accordance herewith and for other executives for the remaining life of this Plan. The exercise price for the initial stock option award will be the closing market price on the Initial Grant Date; any stock option grants which cannot be satisfied until stockholder approval will be valued at the closing market price on the date the stockholders approve the Plan amendment to increase the number of shares available to satisfy the balance of the Company’s stock option commitment herein (the “Second Grant Date”). Your total stock option grants will vest and become exercisable annually on or about the anniversary of your initial grant, subject to your compliance with the Stock Option Plan Agreement and the Company’s Xxxxxxx Xxxxxxx Policy, in approximately the numbers reflected in this chart: All stock option grants hereunder will be evidenced by a Cyanotech 2005 Stock Option Plan Agreement (a copy of which will be provided to you), or such other Cyanotech stock option plan and customary documentation as may be required to accomplish the foregoing.
Stock Option Grants means any stock option grants now or hereafter made by the General Partner to bona fide service providers of the Partnership and/or the General Partner, as applicable, as determined by the General Partner in its sole and absolute discretion to be in the best interests of the General Partner.
Stock Option Grants. The Stock Options identified in the offer letter of April 13, 2000, will be granted under a Stock Option Agreement pursuant to and governed by the TNPC 2000 Stock Plan.
Stock Option Grants. The Stock Options identified in the S-1 Registration Statement (First Amendment), will be granted under a Stock Option Agreement pursuant to and governed by the TNPC 2000 Stock Plan.