Annual Stock Options. Executive shall be eligible to receive an annual stock option award (the "Annual Stock Options") following each fiscal year of the Company in amounts, at such exercise prices, and on such terms as the Board of Directors determines, based upon the performance of the Executive and the Company during such fiscal year.
Annual Stock Options. The Executive may receive annual stock options as provided at the discretion of the Compensation Committee.
Annual Stock Options. Each year, the Executive will be eligible for annual stock option grants as determined by the Board.
Annual Stock Options. Executive shall be entitled to receive an award of options to purchase a target of twenty thousand (20,000) shares of Common Stock annually (the "Options").
Annual Stock Options. Employee will be granted stock options in the amount and vesting schedule detailed below: - 150,000 options to purchase Worldwide Medical Corporation Common Stock with a strike price of $0.40, vested monthly (evenly) over one (1) year. In the event that the Company is acquired, there is a change in control, or similar event, all options become immediately vested. Employee will be eligible to participate in such other annual stock option grants as awarded other Officers and Directors of the Company.
Annual Stock Options. The Executive shall be granted stock options annually beginning January 1, 2015 and each January 1 thereafter, which entitle him to purchase shares of common stock of the Company valued at $25,000 based on standard Black-Scholes modeling (but, in any event, the number of underlying shares of common stock shall not exceed 133,333 shares (as adjusted for stock splits and similar events)), at an exercise price per share equal to the market price of the common stock on the date of grant, which options shall vest in 48 equal installments, commencing on the grant date and on the last day of each succeeding month thereafter until all options are vested, and pursuant to a customary stock option agreement which will contain the terms pertaining to the stock options contained in this Schedule B, which the Executive and the Company shall enter into within 10 days after this Agreement is executed by both of the parties. In the event that the fair market value of the stock option grant is less than $25,000 as limited by the 300,000 share cap, the Executive shall be entitled to receive either 50% of the difference in fair market value in cash or 100% of the value in Restricted Stock Units at the then current Company common stock trading price and with the same vesting schedule as the above stock options, at the sole option of the Board.
Annual Stock Options. (i) Concurrently with the execution of this Agreement, XXXX shall grant to Employee, subject to the vesting provisions described in this Agreement, options to acquire four million one hundred sixty-two thousand seven hundred and twenty-five (4,162,725) Ordinary Shares (the "Initial Grant"). On the first day of each Compensation Period that commences after the date of this Agreement, XXXX shall xxxxx to Employee, subject to the vesting provisions described in this Agreement, options to acquire eight hundred thirty-two thousand five hundred forty-five (832,545) Ordinary Shares ("Periodic Grants"). All such options granted under this Section 3(d) are referred to in this Agreement as the "Annual Options." Each Annual Option shall represent the right to acquire one (1)
Annual Stock Options. Executive shall receive each calendar year during the Initial Term of this Agreement (as defined in Section 3(a)) and each calendar year during any extension of the Initial Term in accordance with this Agreement, nonqualified options to purchase a minimum of 325,000 shares of UnitedHealth Group's Common Stock (the "Annual Options"). The Annual Options shall be granted on such date or dates as Executive requests by oral notification to the Chair of the Compensation and Human Resources Committee (with such notification confirmed promptly in writing). To the extent Executive has not otherwise requested the issuance of Annual Options representing the right to purchase 325,000 shares in any year, Annual Options representing such amount shall be issued as of the last business day of such year. The exercise price for the Annual Options shall be the closing price for UnitedHealth Group Common Stock on the date of issuance. Each Annual Option issued pursuant to this Section 2(b) shall vest over a period of four years at the rate of 25 percent per year on January 1 of each year following the grant of such option, subject to earlier vesting as otherwise provided in Section 3 of this Agreement. Each Annual Option shall be subject to the terms and conditions of UnitedHealth Group's Amended and Restated 1991 Stock and Incentive Plan, or any substitute or similar successor plan (the "Stock Plan"). Notwithstanding the foregoing provisions of this Section 2(b), Executive shall be eligible to receive additional awards of nonqualified options, as determined by the Board of Directors, in accordance with the normal practices of UnitedHealth Group for successful performance.
Annual Stock Options. Executive shall be eligible to receive in each calendar year during the Term (as defined in Section 3(a)), equity and/or equity-based incentive compensation awards (the “Equity Grants”). The Equity Grants shall be granted in such forms, in such amounts, at such exercise prices (where relevant), on such date or dates, and subject to such terms and conditions, as the Committee shall determine; provided, however, that in no event shall the aggregate amount of Equity Grants to Executive in any calendar year be in an amount less than or contain terms and conditions that are less favorable than the aggregate amount of Equity Grants granted generally to any other senior officer of UnitedHealth Group (other than the Chief Executive Officer) in that calendar year. Each Equity Grant shall be in accordance with and subject to the terms and conditions of the UnitedHealth Group 2002 Stock Incentive Plan, or any substitute or similar successor plan (the “Stock Plan”). The form of award for each Equity Grant granted after August 5, 2005 shall include a provision that unless the Employment Agreement, as amended, provides for vesting or exercise periods that are more favorable, upon termination of employment by reason of Retirement (as defined below), then (i) vesting of such Equity Grant shall continue as if such termination employment had not occurred and (ii) Executive may, at any time within a period of five years after such termination of
Annual Stock Options. On the first business day in -------------------- April in each year after 1999, the Company shall grant to Cederna options to purchase 100,000 shares of its common stock, unlesx Xxxxxna is not employed by the Company on such business day or unless xxxxxx of the termination of his employment by the Company has been given prior to such business day. Such options shall be granted under the Company's Stock Option Plan, as then in effect, if and to the extent that such options are then available for grant under the Plan. If and to the extent that such options are not then available for grant under the Plan, such options shall be granted outside the Plan. The option price shall be the average of the high and low sales prices for the common stock on the New York Stock Exchange on the date of grant, as presently provided in the Stock Option Plan. Such options shall vest and become exercisable in installments upon a schedule then typically used by the Company for options granted to its senior executive officers, unless Cederna is not employed by the Company on the vesting date or unless xxxxxx of the termination of his employment by the Company has been given prior to the vesting date. All such options shall expire on the tenth anniversary of their date of grant. The Company and Cederna shall enter into the Company's standard agreement with respecx xx xxch stock options.
