Type of Grant. ¨ Incentive Stock Option1 ¨ Nonstatutory Stock Option
Type of Grant. [ ] Incentive Stock Option(1) [X] Nonstatutory Stock Option EXERCISE SCHEDULE: [X] Same as Vesting Schedule [ ] Early Exercise Permitted [ ] ALTERNATIVE 1: (FOUR YEAR ANNUAL VESTING-STANDARD) This option shall vest annually over four years at the rate of twenty-five (25%) percent per year commencing on the Vesting Commencement Date. [ ] ALTERNATIVE 2: (FIVE YEAR ANNUAL VESTING-MINIMUM) This option shall vest annually over five years at the rate of twenty (20%) percent per year commencing on the Vesting Commencement Date. [X] ALTERNATIVE 3: (OTHER) So long as the Optionholder's Continuous Status (as defined below) continues, this Option shall vest as follows: 886,178 shares shall vest on the first anniversary of the date of the grant ("Grant Date"). The remaining 886,176 shares shall vest in twelve (12) equal monthly installments of 73,848 commencing on the first anniversary of the Grant Date and terminating on the second anniversary of the Grant Date. This Option shall cease vesting on the termination of the Optionholder's Continuous Status.
Type of Grant. [insert whether this is a Fellowship, Seed, or Dissertation Xxxxx] Full Name of Grantee: [insert name as written in passport] New Harvest Research Project: [Insert a description of the research which the Grantee will be pursuing] The Term: [Insert Date: DD Month YYYY to DD Month YYYY] Email address of New Harvest: Xxxxx@xxx-xxxxxxx.xxx Physical Address for Notices to Grantee: [insert address] Email address: [insert email address] You represent and warrant that all information provided by you is current, accurate and complete, and that you will maintain the accuracy and completeness of this information on a prompt, timely basis. It is your responsibility to inform us of any changes to your information.
Examples of Type of Grant in a sentence
If Optionee is a more than ten-percent stockholder, the Exercise Price per Share of an ISO shall be at least one hundred ten percent (110%) of Fair Market Value.) Vesting Start Date: [Vesting Start Date] Type of Option: [Type of Grant: NSO/ISO] Vesting Schedule: [Vesting Schedule] Rights upon Termination: [Vesting/Termination Schedule] [NAME OF OPTIONEE] CALIFORNIA PIZZA KITCHEN, INC.
For Traffic Safety Grant, enter the Type of Grant you are interested in (refer to the FFY2016 solicitation package for eligibility requirements).
While complete details of this grant are defined in the enclosed documents, a high-level summary of this Award is as follows: Type of Grant Discretionary grant of Performance Units (“Performance RSUs”).
August __, 1997 Type of Grant*...................................
Type of Grant Options granted under the Plan carry no dividend or voting rights.
More Definitions of Type of Grant
Type of Grant. ¨ Incentive Stock Option1 ¨ Nonstatutory Stock Option Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted Vesting Schedule: [One-fourth (1/4th) of the shares vest one year after the Vesting Commencement Date; the balance of the shares vest in a series of thirty-six (36) successive equal monthly installments measured from the first anniversary of the Vesting Commencement Date, subject to Optionholder’s Continuous Service as of each such date.]
Type of Grant. ¨ Incentive Stock Option1 ¨ Nonstatutory Stock Option Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted Vesting Schedule: [One-fourth (1/4th) of the shares vest one year after the Vesting Commencement Date; the balance of the shares vest in a series of thirty-six (36) successive equal monthly installments measured from the first anniversary of the Vesting Commencement Date, subject to Optionholder’s Continuous Service as of each such date.] Payment: By one or a combination of the following items (described in the Option Agreement): x By cash, check, bank draft or money order payable to the Company x Pursuant to a Regulation T Program if the shares are publicly traded x By delivery of already-owned shares if the shares are publicly traded Additional Terms/Acknowledgements: Optionholder acknowledges receipt of, and understands and agrees to, this Stock Option Grant Notice, the Option Agreement and the Plan. Optionholder acknowledges and agrees that this Stock Option Grant Notice and the Option Agreement may not be modified, amended or revised except as provided in the Plan. Optionholder further acknowledges that as of the Date of Grant, this Stock Option Grant Notice, the Option Agreement, and the Plan set forth the entire understanding between Optionholder and the Company regarding this option award and supersede all prior oral and written agreements, promises and/or representations on that subject with the exception of (i) options previously granted and delivered to Optionholder, (ii) any compensation recovery policy that is adopted by the Company or is otherwise required by applicable law and (iii) any written employment or severance arrangement that would provide for vesting acceleration of this option upon the terms and conditions set forth therein. 1 If this is an Incentive Stock Option, it (plus other outstanding Incentive Stock Options) cannot be first exercisable for more than $100,000 in value (measured by exercise price) in any calendar year. Any excess over $100,000 is a Nonstatutory Stock Option.
Type of Grant. Nonqualified Stock Options Date of Grant: <date>
Type of Grant. [ ] Incentive Stock Option [ ] Non-statutory Stock Option Vesting Schedule: Exercise Schedule: Payment: By one or a combination of the following items (as described in Section 3 of this Agreement): By cash or check Pursuant to a Regulation T Program By delivery of already-owned shares ACKNOWLEDGEMENTS: By signing this cover sheet, you acknowledge receipt of, and understand and agree to, all of the terms and conditions described in this Agreement and in the Plan and Notice of Exercise, copies of which also are enclosed. Further, you acknowledge that as of the Date of Grant, this Agreement and the Plan and Notice of Exercise set forth the entire understanding between you and the Company regarding the acquisition of stock in the Company and supersede all prior oral and written agreements (including, without limitation, any employment agreement with the Company) on that subject. NARA BANCORP, INC.: OPTIONHOLDER: By: ------------------------------- ----------------------------------- Signature Signature Name: Date: ----------------------------- ----------------------------- Title: ---------------------------- Date: ----------------------------- ENCLOSURES: Copy of the 2000 Long Term Incentive Plan and Notice of Exercise NARA BANCORP, INC. 2001 NARA BANK 2000 CONTINUATION LONG TERM INCENTIVE PLAN STOCK OPTION AGREEMENT The details of your Option are as follows:
Type of Grant. X Incentive Stock Option1 Nonqualified Stock Option Restricted Stock Performance Award Exercise Schedule: X Vesting Schedule Alternate Vesting Schedule Vesting Schedule: 25% of the shares vest on the date of the Award Grant. Thereafter, 25% of the shares vest on each succeeding one year anniversary of the date of the Award Grant, so that 100% of the Award shall be vested as of the third anniversary of the date of the Award Grant.
Type of Grant x Incentive Stock Option1 o Nonstatutory Stock Option Exercise Schedule: o Same as Vesting Schedule o Early Exercise Permitted Vesting Schedule: Shares in each period will become fully vested on the date shown below:
Type of Grant. [check one]: Incentive Stock Option1 Nonstatutory Stock Option Exercise Schedule: Same as Vesting Schedule. o By cash or check o Same day sale program (if permitted by the Board) o Tender of Common Stock (if permitted by the Board)