Employment Options. Should the College foresee the need to retrench faculty positions, the following options shall be available to the faculty members identified for separation and who, in the determination of the College, can acquire in the allowable time the additional education necessary to meet the credentialing requirements for identified and available teaching positions.
Employment Options. Upon becoming eligible for retirement, faculty may continue to work full-time; fully retire or choose partial retirement. Written notice shall be submitted to the Academic Xxxx no later than October 1st of the academic year preceding the year in which the retirement will begin. When notice of partial retirement is given, the faculty member must specify the number of courses s/he will teach.
Employment Options. Employee shall continue vesting options granted under a 1998 Option Agreement.
Employment Options a. The name of a laid off Bargaining Unit Member shall be placed on the layoff list for the appropriate job classification for sixteen (16) months. When a position becomes available, the position shall be offered to all persons on the layoff list within that job classification individually, beginning with the most senior and working to the least senior. The position shall be considered filled when the most senior available Bargaining Unit Member accepts the position. Refusal of such an offer shall constitute resignation in good standing from the classified service, or, if such refusal is made by a Bargaining Unit Member currently employed in another capacity in the classified service, shall cancel all layoff rights to the class from which laid off.
Employment Options. The Employee shall be granted employment options. Each option shall expire on December 31, 2005. Each option, upon exercise, shall require the option holder to pay to MB a price equivalent to the original price of each share of common stock issued by MB at the time of its formation. It is anticipated that the price will be $14.00 per share, therefore, $14.00 per option. Options shall be granted to the Employee in accordance with the following schedule: March 17, 1998 20,000 March 17, 1999 5,000 March 17, 2000 5,000 The total number of options issued in accordance with this provision shall equal 30,000. All options shall be vested in the Employee on the date that said options are granted. All options allocated in the aforementioned schedule shall issue to the Employee in the event of termination of employment, without cause.
Employment Options. Employee will earn up to 150,000 employment options, granted under the PxxxxXxxx.xxx Employee Stock Option Plan. The options will be priced at the closing price of the stock March 31, 2000.
Employment Options. On the Effective Date, the Company shall grant to Executive stock options (the "Employment Options"), pursuant to the Company's 2005 Stock Option Plan, to purchase Four Hundred Thirty Thousand (430,000) shares of common stock of the Company, par value $0.0001 per share (the "Common Stock"). The Employment Options shall be incentive stock options issued as provided in Internal Revenue Code Section 422 and shall generally vest and become exercisable, if at all, in two equal annual installments of Two Hundred Fifteen Thousand (215,000) shares of Common Stock on each anniversary of the Effective Date (each date on which Employment Options vest is hereinafter referred to as a “Vesting Date”). The Employment Options shall have a 10 year term and shall be exercisable at an exercise price per share equal to the closing price of the Common Stock on the Effective Date as reported on the OTC Bulletin Board or such other securities exchange or market on which the Common Stock is then eligible for trading.
Employment Options. A. As early as possible, but no later than ten (10) days following the 3rd Friday in May, the Board of Education must be notified that the employee is seeking other employment. After the date described in the previous sentence the Board has the option to accept an employee’s resignation pending a suitable replacement is available.
Employment Options. Employee will earn up to 150,000 employment options, granted under the PhotoLoft, Inc. Employee Stock Option Plan. The options will be priced at the closing price of the stock March 31, 2000.
Employment Options. On the Commencement Date Employee will receive options to purchase 6,750,000 common shares of the Employer as employment options. Such options will vest at the rate of 187,500 options per month for 36 months.
