Common Stock Option Sample Clauses

Common Stock Option. On the Employment Commencement Date, the ------------------- Company shall grant Employee options under the Company's 1998 Stock Plan to purchase (i) up to 500,000 shares of the Company's Common Stock at an exercise price per Share of $1.50 (the "Common Option" or "Common Shares") and (ii) Employee shall be granted 25,000 options each quarter of the fiscal year beginning on the Employment Commencement Date for four quarters (a total of 100,000 options) based on quarterly goals as reasonably determined by the Chief Executive Officer of the Company (the "Subsequent Options"). Subject to accelerated vesting as provided elsewhere in this Agreement, the Common Shares (or restricted stock subject thereto) shall be vested with respect to 25,000 Common Shares on the Employment Commencement Date, shall vest as to an additional 50,000 Common Shares upon the date that is six months following the Employment Commencement Date and shall vest as to an additional 6.0714% of the Common Shares originally subject to the Option each full three months thereafter, so as to be 100% vested on the date that is four years after the Employment Commencement Date. In the event of an IPO, the Common Option (or restricted stock subject thereto) shall accelerate vesting as to 7.85% of the Common Shares originally subject to the Option, and shall thereafter continue to vest at the same rate as prior to the IPO. The Subsequent Options shall vest quarterly on a pro rata basis over a four year period, except that the Subsequent Options shall be subject to accelerated vesting as provided elsewhere in this Agreement. All vesting provided for in this paragraph is subject to Employee remaining an employee, consultant or member of the Board of the Company on each such vesting date. The Common Option and Subsequent Options may be exercised prior to its vesting, including by means of a promissory note bearing the lowest rate which will not subject Employee to recognizing imputed taxable income, subject to Employee entering into the Company's form of Restricted Stock Purchase Agreement which provides the Company with the right to purchase unvested shares at the original exercise price in the event of Employee's termination. The Common Option and Subsequent Options shall be subject to the terms and conditions of the Company's 1998 Stock Plan and the stock option agreements. To the extent the Common Option has not been exercised prior to the IPO, following the IPO the Company agrees to promptly regist...
Sample 1
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Common Stock Option. The Company hereby grants to Roche, on the terms and conditions set forth herein, a continuing right (the "COMMON STOCK OPTION") to purchase from the Company, at the times set forth herein, such number of shares of Common Stock as is necessary to allow Roche and its affiliates to maintain the then-current Ownership Percentage. The Common Stock Option shall be assignable, in whole or in part and from time to time, by Roche to any affiliate of Roche. The exercise price for the shares of Common Stock purchased pursuant to the Common Stock Option shall be the Market Price of the Common Stock as of the date of first delivery of notice of each exercise of the Common Stock Option by Roche (or its permitted assignee hereunder) to the Company.
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Common Stock Option. Due to time restraints the parties are unable to ascertain the tax ramifications of the sale of the Preferred Shares. Therefore, if the sale of the Preferred Shares has an unintened taxable consequence the Subscriber shall have the right to purchase restricted shares of Centrex Common Stock at a per share price equal to the lowest private placement sale of the 2003 calander year.
Sample 1
Common Stock Option. The Company will issue to the Executive a common stock option (the “Option”) to purchase fifteen million (15,000,000) shares (the “Option Shares”) of the Company’s common stock. The exercise price for the Option will be $0.035. The Option shall vest in two equal installments on a yearly basis with 7,500,000 Option Shares vesting one year and two years from the Start Date.
Sample 1
Common Stock Option. OPTION _________________ Issue Date: As of November 10, 2008 (This Option is a reissuance of a previously granted instrument and replaces such instrument which is hereby cancelled.) PSI CORPORATION, a corporation organized under the laws of the State of Nevada ("PSI"), hereby certifies that, for value received, (the "Holder"), is entitled, subject to the terms set forth below, to purchase from the Company (as defined herein), as of the Issue Date and at any time or from time to time before 5:00 p.m., New York time, through the close of business on the tenth anniversary of the Issue Date (the "Expiration Date"), subject to vesting as set forth in Section 1.1 below, up to 10,000,000 fully paid and non assessable shares of Common Stock (as hereinafter defined), at the applicable Exercise Price per share (as defined below). The number and character of such shares of Common Stock and the applicable Exercise Price per share are subject to adjustment as provided herein. As used herein the following terms, unless the context otherwise requires, have the following respective meanings:
Sample 1
Common Stock Option. The Company hereby grants to the PDL Stockholders, on the terms and conditions set forth herein, a continuing right (the "Common Stock Option") to purchase from the Company, at the times set forth herein, such number of shares of Common Stock as is necessary to allow the PDL Stockholders and their Affiliates to maintain the then-current Ownership Percentage. The Common Stock option shall be assignable, in whole or in part, by the PDL Stockholders to any one or more Affiliate or Affiliates of the PDL Stockholders.
Sample 1
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Common Stock Option. (a) With respect to any offer, sale or issuance of New Securities, the Company hereby grants to Investor, on the terms and conditions set forth herein, a continuing right (the “Common Stock Option”) to purchase from the Company, at the times set forth herein, such number of shares of Common Stock as is necessary to allow Investor and/or its Affiliates to maintain its Current Percentage immediately prior to the Issuance Event (as defined below). The Common Stock Option shall be assignable, in whole or in part and from time to time, by Investor to any Affiliate of Investor. The exercise price for the shares of Common Stock purchased pursuant to the Common Stock Option shall be the Market Price of the Common Stock as of the date of first delivery of notice of each exercise of the Common Stock Option by Investor (or its permitted assignee hereunder) to the Company.
Sample 1
Common Stock Option. If Employee has been continuously employed by Futech between March 1, 1999 and March 1, 2000, and has not been in default under the terms of this Agreement, then Employee shall as of March 1, 2000 have the right to purchase up to 666,666 shares of Employer's common stock. If Employee has been continuously employed by Futech between March 1, 1999 and March 1, 2001, and has not been in default under the terms of this Agreement, then Employee shall as of March 1, 2001 have the right to purchase up to 666,666 shares of Employer's common stock. If Employee has been continuously employed by Futech between March 1, 1999 and March 1, 2002, and has not been in default under the terms of this Agreement, then Employee shall as of March 1, 2002 have the right to purchase up to 666,667 shares of Employer's common stock. The purchase price of common stock purchased under the three preceding paragraphs shall be $.25 per share, payable in full in cash at the time the option is exercised. The options may be exercised only by written notice given to Employer, or Employer's successors and assigns. The options shall expire on March 1, 2009, if not exercised by that date. Employer's common stock shall be subject to all of the terms and restrictions of said stock. No representation, warranty or guaranty is made by Employer as to the value of the stock to be issued pursuant to this subparagraph, and Employee takes full risk and responsibility as to said value. Employee hereby makes the representations and warranties set out in Exhibit "A" attached hereto and hereby made part hereof. On said Exhibit "A" Employee is referred to as the "Subscriber," Employer is referred as the Corporation, and the shares of stock to be acquired by Employee under this Section are referred to as the "Shares." Employee acknowledges and understands the meaning and legal consequences of the representations and warranties contained herein and agrees to indemnify and defend and hold harmless the other parties hereto, and Employer's directors, officers, agents, employees, and attorneys,
Sample 1

Related to Common Stock Option

  • Stock Option The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth on Schedule A. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time prior to the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement. Schedule A sets forth the date or dates after which the Optionee may exercise all or part of the Stock Option, subject to the provisions of the Plan.

  • Company Stock Options (a) At the Effective Time, each outstanding stock option (each a "Company Stock Option" and, collectively, the "Company Stock Options") granted pursuant to the terms and conditions of the Company's stock option plans and arrangements (collectively, the "Company Stock Option Plans"), whether or not exercisable, shall be converted into and become rights with respect to Parent Common Stock, and the Parent shall assume the Company's obligations with respect to each Company Stock Option and the related Company Stock Option Plan, in accordance with its terms, except that from and after the Effective Time (i) Parent and its compensation committee shall be substituted for the Company and the committee of the Company's Board of Directors (including, if applicable, the entire Company Board) administering the Company Stock Option Plan, if any, under which such Company Stock Option was granted or otherwise governed, (ii) each Company Stock Option assumed by Parent may be exercised solely for shares of Parent Common Stock, (iii) the number of shares of Parent Common Stock subject to such Company Stock Option shall be equal to the number of whole shares (rounded to the nearest whole share) of Company Common Stock subject to such Company Stock Option immediately prior to the Effective Time multiplied by the Exchange Ratio, (iv) the per share exercise price under each such Company Stock Option shall be adjusted by dividing the per share exercise price under each such Company Stock Option by the Exchange Ratio and rounding to the nearest whole cent, and (v) all references in the Company Stock Option Plans and the stock option certificates and agreements to the Company (or its predecessors) shall be deemed to refer to Parent. Notwithstanding the provisions of clauses (iii) and (iv) of the first sentence of this Section 2.04(a), each Company Stock Option which is an "incentive stock option" shall be adjusted as required by Section 424 of the Code, and the regulations promulgated thereunder, so as not to constitute a modification, extension or renewal of such Company Stock Option, within the meaning of Section 424(h) of the Code.

  • Nonstatutory Stock Option The Optionee may incur regular federal income tax liability upon exercise of a NSO. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If the Optionee is an Employee or a former Employee, the Company will be required to withhold from his or her compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 50,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • Stock Options With respect to the stock options (the “Stock Options”) granted pursuant to the stock-based compensation plans of the Company and its subsidiaries (the “Company Stock Plans”), (i) each Stock Option intended to qualify as an “incentive stock option” under Section 422 of the Code so qualifies, (ii) each grant of a Stock Option was duly authorized no later than the date on which the grant of such Stock Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required stockholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Stock Plans, the Exchange Act and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange and any other exchange on which Company securities are traded, and (iv) each such grant was properly accounted for in accordance with GAAP in the financial statements (including the related notes) of the Company and disclosed in the Company’s filings with the Commission in accordance with the Exchange Act and all other applicable laws. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Stock Options prior to, or otherwise coordinating the grant of Stock Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Employee Stock Options (a) At the Effective Time, each Eligible Stock Option that is then outstanding under the Company Option Plan, whether vested or unvested, shall be assumed by Parent in accordance with the terms (as in effect as of the date of this Agreement) of the Company Option Plan and the stock option agreement by which such Eligible Stock Option is evidenced. All rights with respect to Company Common Stock under outstanding Eligible Stock Options shall thereupon be converted into rights with respect to Parent Common Stock. Accordingly, from and after the Effective Time, (a) each Eligible Stock Option assumed by Parent may be exercised solely for shares of Parent Common Stock, (b) the number of shares of Parent Common Stock subject to each such assumed Eligible Stock Option shall be equal to the number of shares of Company Common Stock that were subject to such Eligible Stock Option immediately prior to the Effective Time multiplied by the Exchange Ratio, rounded down to the nearest whole number of shares of Parent Common Stock, (c) the per share exercise price for the Parent Common Stock issuable upon exercise of each such assumed Eligible Stock Option shall be determined by dividing the exercise price per share of Company Common Stock subject to such Eligible Stock Option, as in effect immediately prior to the Effective Time, by the Exchange Ratio, and rounding the resulting exercise price up to the nearest whole cent, and (d) all restrictions on the exercise of each such assumed Eligible Stock Option shall continue in full force and effect, and the term, exercisability, vesting schedule and other provisions of such Eligible Stock Option shall otherwise remain unchanged; provided, however, that each such assumed Eligible Stock Option shall, in accordance with its terms, be subject to further adjustment as appropriate to reflect any stock split, reverse stock split, stock dividend, recapitalization or other similar transaction effected by Parent after the Effective Time. The Company and Parent shall take all action that may be necessary (under the Company Option Plan and otherwise) to effectuate the provisions of this Section 1.6.

  • 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.

  • Stock Option Grants Executive will receive an annual grant of stock options during the term of this Agreement in a manner and under terms that are consistent with grants made to other executives of the Company.

  • Incentive Stock Options If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares will be treated as long term capital gain for federal and California income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price.

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