AMENDMENT OF STOCK OPTION PLAN Sample Clauses

AMENDMENT OF STOCK OPTION PLAN. The Company shall have amended its Stock Option Plan to provide for the issuance of an additional 250,000 shares of Common Stock thereunder (for a total of 4,696,666 shares).
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AMENDMENT OF STOCK OPTION PLAN. LST shall have caused Article X of that certain LST, Inc. Omnibus Stock Option and Award Plan dated September 29, 2000 (the "STOCK OPTION PLAN") to be amended to provide that upon a "Change of Control" (as defined in the Stock Option Plan) all outstanding options shall be cancelled and any vested, but unexercised options shall no longer be exercisable.
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AMENDMENT OF STOCK OPTION PLAN. Prior to the Closing Date, Ebiz shall amend its 1998 Equity Incentive Plan to increase the number of shares authorized under such plan to an amount sufficient to assume all outstanding LMI Stock Options pursuant to Section 1.6(b) hereof.
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AMENDMENT OF STOCK OPTION PLAN. The Board of Directors of Target shall take all appropriate action to make any necessary amendments to the terms of the Target Stock Option Plan or grants thereunder to permit the assumption of Target Stock Options by Acquiror in accordance with the terms hereof.
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AMENDMENT OF STOCK OPTION PLAN. (a) The Board of Directors of the Company is increasing by 5,5000,000 the number of options which may be granted under the Company's 1997 Stock Option Plan (the "Plan"), which options will be granted to senior management at 10 cents per share, and which options will vest on such terms as the Board or a committee of the Board deems most advisable to incentives members of senior management. Although the amendment to the Plan will be submitted to shareholders for approval in order to be in a position to grant ISO's, the Board shall be permitted to grant non-ISO options without shareholder approval.
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AMENDMENT OF STOCK OPTION PLAN. Prior to or concurrently with the Effective Time, EBIZ shall take such action as may be necessary, including obtaining any required approval by the shareholders of EBIZ, to amend the EBIZ 1998 Equity Incentive Plan (the "Plan") and increase the number of shares of EBIZ Common Stock available under the Plan, to cause each unexpired and unexercised option to purchase shares of JBSI Common Stock (each a "JBSI Option") that is outstanding as of the Effective Time to be automatically converted at the Effective Time into an exercisable option (each an "EBIZ Option") to purchase a number of shares of EBIZ Common Stock equal to the number shares of JBSI Common Stock that could have been purchased under the JBSI Option multiplied by 1.78, at a price per share of EBIZ Common Stock equal to the option exercise price determined pursuant to the JBSI Option divided by 1.78. The date of grant of a substituted EBIZ Option shall be deemed to be the date on which the corresponding JBSI Option was granted, and the expiration date of each such substituted EBIZ Option shall be the date upon which the corresponding JBSI Option would otherwise have expired. Except as otherwise expressly stated above in this Section 5.9, the terms and conditions of each substituted EBIZ Option shall be as set forth in the Plan, as in effect from time to time. At the Effective Time, EBIZ shall assume all of JBSI's obligations with respect to the JBSI Options as so amended and shall, from and after the Effective Time, make available for issuance upon exercise of the EBIZ Options all shares of EBIZ Common Stock covered thereby Within 15 days following the Effective Date, EBIZ shall file a registration statement on Form S-8 with the SEC to register the additional shares of EBIZ Common Stock subject to EBIZ Options granted in replacement of JBSI Options; provided, EBIZ and such shares of EBIZ Common Stock satisfy the requirements of using Form S-8.
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Related to AMENDMENT OF STOCK OPTION PLAN

  • Grant of Stock Option The Company grants to Employee the right and option (hereinafter referred to as the "Option") to purchase all or any part of up to ________ shares of the Company's Common Stock (the "Option Shares") on the terms and conditions set forth below and in the Plan.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • Treatment of Stock Options 6 ARTICLE III.

  • NOTICE OF STOCK OPTION GRANT Name: Address: You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Vesting Commencement Date Exercise Price per Share $ Total Number of Shares Granted Total Exercise Price $ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date:

  • Stock Option Agreement Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. Options may be granted in consideration of a reduction in the Optionee’s other compensation.

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Exercise of Stock Option (a) The Optionee may exercise this Option only in the following manner: from time to time on or prior to the Expiration Date of this Option, the Optionee may give written notice to the Board of Directors or its authorized committee (the “Administrator”) of his or her election to purchase some or all of the vested Option Shares purchasable at the time of such notice. This notice shall specify the number of Option Shares to be purchased. Payment of the Stock Option purchase price for the Option Shares may be made by one or more of the following methods: (i) in cash, by certified or bank check or other instrument acceptable to the Administrator; (ii) in the form of shares of Stock that are not then subject to restrictions under any Company plan and that have been held by the Optionee for at least six months prior to the exercise date; or (iii) by the Optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Administrator to pay the Stock Option purchase price, provided that in the event the Optionee chooses to pay the Stock Option purchase price as so provided in this subsection (iii), the Optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure. Payment instruments will be received subject to collection. The delivery of certificates representing the Option Shares will be contingent upon the Company’s receipt from the Optionee of full payment for the Option Shares, as set forth above and any agreement, statement or other evidence that the Administrator may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise of Options under the Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and regulations.

  • Exercise of Stock Options If stock options granted in connection with a Stock Incentive Plan are exercised:

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