Deferred Stock Compensation Sample Clauses

Deferred Stock Compensation. In May 1995, we issued stock options for the purchase of 8,504 shares of common stock at $0.02 per share. We recognized $515 of deferred compensation in May 1995 equal to the difference between the option price as determined by the Board of Directors and $0.08 (the deemed fair value for financial reporting purposes) for each option. We are amortizing the deferred compensation expense ratably over the four-year period in which the options vest. We recorded $14,127, $1,845 and $916 of deferred compensation in fiscal 2001, 2000 and 1999, respectively, primarily related to the recognition of stock compensation of unvested options assumed in the WebManage acquisition, the issue of contingently issuable milestones shares, and the grant of stock options to certain highly compensated employees. Under terms of the 1995 Stock Option Plan, highly compensated employees as defined by our management are eligible to contribute between $15 to $75 in annual salary for the rights to be granted nonqualified stock options. The discount from fair market value which is equal to the amount of salary contributed has been recorded as deferred compensation expense. We are amortizing the deferred compensation expense ratably over a one-year period. In fiscal 2001, under terms of the acquisition agreement with WebManage, we issued an additional 101 shares of common stock to former WebManage shareholders upon meeting certain performance criteria. The fair market value of the shares of $3,000 was measured on the date the performance criteria were met and was recognized as stock compensation. 43 NETWORK APPLIANCE, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (DOLLAR AND SHARE AMOUNTS IN THOUSANDS, EXCEPT PER-SHARE DATA) 7. INCOME TAXES Income before income taxes is as follows: YEARS ENDED APRIL 30, 2001 2000 1999 Domestic $105,262 $105,806 $45,617 Foreign 27,747 8,600 11,373 Total $133,009 ======== $114,406======== $56,990======= The provision for income taxes consists of the following: YEARS ENDED APRIL 30, 2001 2000 1999 CURRENT: Federal........................................... $ 50,383 $ 41,475 $20,094 State............................................. 20,075 7,973 3,098 Foreign........................................... 9,670 2,780 3,269 Total current..................................... 80,128 52,228 26,461 DEFERRED: Federal........................................... (7,556) (8,631) (4,078) State............................................. (14,449) (2,983) (1,006)...
Sample 1
AutoNDA by SimpleDocs
Deferred Stock Compensation. In May 1995, we issued stock options for the purchase of 8,504 shares of common stock at $0.02 per share. We recognized $515 of deferred compensation in May 1995 equal to the difference between the option price as determined by the Board of Directors and $0.08 (the deemed fair value for financial reporting purposes) for each option. We are amortizing the deferred compensation expense ratably over the four-year period in which the options vest. 38 NETWORK APPLIANCE, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (DOLLAR AND SHARE AMOUNTS IN THOUSANDS, EXCEPT PER-SHARE DATA) We recorded $1,845, $916 and $714 of deferred compensation in fiscal 2000, 1999 and 1998, respectively, primarily related to the grant of stock options to certain highly compensated employees. Under terms of the 1995 Stock Option Plan, highly compensated employees as defined by our management are eligible to contribute between $15 to $75 in annual salary for the rights to be granted nonqualified stock options. The discount from fair market value which is equal to the amount of salary contributed has been recorded as deferred compensation expense. We are amortizing the deferred compensation expense ratably over a one-year period.
Sample 1
Deferred Stock Compensation. In May 1995, the Company issued stock options for the purchase of 1,063 shares of common stock at $0.14 per share. The Company recognized $515 of deferred compensation in May 1995 equal to the difference between the option price as determined by the Board of Directors and $0.63 (the deemed fair value for financial reporting purposes) for each option. The Company is amortizing the deferred compensation expense ratably over the four-year period in which the options vest. In fiscal 1998, the Company recorded $714 of deferred compensation, primarily related to the grant of stock options to certain highly compensated employees. Under terms of the 1995 Stock Option Plan, highly compensated employees as defined by Company's management are eligible to contribute between $15 to $75 in annual salary for the rights to be granted nonqualified stock options. The discount from fair market value which is equal to the amount of salary contributed has been recorded as deferred compensation expense. The Company is amortizing the deferred compensation expense ratably over a one-year period.
Sample 1
Deferred Stock Compensation. Amortization of stock compensation..................... 129 -- 306 Issuance of common stock in connection with initial public offering, net of expenses of $1,620........................... 48,307 Conversion of preferred stock to common stock..................... Conversion of redeemable convertible preferred stock to common stock..................... -- 1,482 Preferred stock accretion......... (6) (6) Balances at December 31, 1999..... $(17)==== $(8,572)======= $56,648======= 37 IMMERSION CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 1999 1998 1997 Cash flows from operating activities: Net loss.................................................. $(4,354) $(1,673) $ (527) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization........................... 229 142 102 Amortization of intangibles............................. 1,033 211 -- Amortization of deferred stock compensation............. 306 -- -- In-process research and development..................... 1,190 -- -- Stock and options issued for consulting services and other................................................. 770 68 -- Stock options issued for license agreement.............. -- -- 5 Extension of warrants for consulting services........... -- 41 -- Changes in assets and liabilities: Accounts receivable................................... 47 (592) (100) Inventories........................................... (179) (186) (25) Prepaid expenses and other assets..................... (381) (50) 2 Accounts payable...................................... 000 000 000 Accrued liabilities................................... 430 123 52 Deferred revenue...................................... 1,316 -- -- Customer advances..................................... (7) (18) 64 Income taxes payable.................................. -- (2) 1 Net cash provided by (used in) operating activities....................................... 740 (1,814) (237) Cash flows from investing activities: Purchases of short-term investments....................... (4,764) (2,943) (1,487) Sales and maturities of short-term investments............ 403 3,752 538 Purchase of property...................................... (489) (138) (205) Purchases of patents and technology....................... (445) (434) -- Other assets.............................................. (140) -- -- Net cash provided by (used in) investing activities....................................... (...
Sample 1
Deferred Stock Compensation. Nothing herein shall effect Executive's right to receive shares of the Company's common stock payable under stock units credited to a deferred stock account on his behalf pursuant to a separate agreement or agreements with the Company.
Sample 1
Deferred Stock Compensation. Simultaneous with execution of the February 10, 1999 restatement of this Agreement, the Company shall issue to Executive those sixty-four thousand one hundred eighty-seven (64,187) shares of the Company's common stock previously credited to a deferred stock account on his behalf and otherwise payable upon Executive's termination of employment. Issuance of these shares shall be in full satisfaction of the Company's obligations with respect to such shares. To assist Executive in the payment of taxes resulting from such issuance, the Company shall make an extension of credit to Executive under the terms of the promissory note attached to here as Attachment No. 2.
Sample 1

Related to Deferred Stock Compensation

  • Stock Compensation The Executive shall be eligible to receive stock-based compensation, whether stock options, stock appreciation rights, restricted stock grants or otherwise, under the Parent’s Amended and Restated 2004 Long Term Incentive Plan or other stock-based compensation plans as Parent may establish from time to time (collectively, the “Plans”). The Executive shall be considered for such grants no less often than annually as part of the Board’s annual compensation review, but any such grants shall be at the sole discretion of the Board.

  • Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Equity Compensation Executive will continue to be eligible to receive stock and option grants, and other equity compensation awards (“Awards”), as determined by the Board or any committee thereof in the Board’s or such committee’s sole discretion.

  • Director Compensation Petitioner shall not compensate members of the Charter School’s Governing Board in excess of reasonable expenses incurred in connection with actual attendance at board meetings or with performance of duties associated therewith.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Stock Based Compensation Executive will be eligible to participate in the Company's Employee Stock Purchase Plan and to be considered by the Compensation Committee for grants or awards of stock options or other stock-based compensation under the Company's Stock Incentive Plan or similar plans from time to time in effect. All such grants or awards shall be governed by the governing Plan and shall be evidenced by the Company's then standard form of stock option, restricted stock or other applicable agreement.

  • Incentive and Bonus Compensation The Executive shall be eligible to participate in the Company’s existing and future bonus and stock option plans and other incentive compensation programs for similarly situated executives (collectively, “Plans”), to the extent that the Executive is qualified to participate in any such Plan under the generally applicable provisions thereof in effect from time to time. Such eligibility is not a guarantee of participation in or of the receipt of any award, payment or other compensation under any Plan. To the extent the Executive does participate in a Plan and the Plan does not expressly provide otherwise, the Chief Executive Officer and/or the Board, as appropriate, may determine all terms of participation (including, without limitation, the type and size of any award, payment or other compensation and the timing and conditions of receipt thereof by the Executive) in the Chief Executive Officer’s or the Board’s sole and absolute discretion. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any and all Plans in its sole and absolute discretion. Except as otherwise provided herein, the terms of each Plan shall govern the Executive’s rights and obligations thereunder during the Executive’s employment and upon the termination thereof. Without limiting the generality of the foregoing, the definition of “Cause” hereunder shall not supersede the definition of “cause” in any Plan (unless the Plan expressly defers to the definition of “cause” under an executive’s employment agreement) and any rights of the Executive hereunder upon and subsequent to the termination of the Executive’s employment shall be in addition to, and not in lieu of, any right of the Executive under any Plan then in effect upon or subsequent to a termination of employment.

  • Change in Compensation If the Board decides to increase the Chief Compliance Officer’s compensation or provide a bonus to the Chief Compliance Officer, then the fees paid to NLCS by the Trust will increase proportionately for any amounts it deems due to the Chief Compliance Officer above the amounts due to NLCS under this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.