Grant and Vesting of Stock Units 1 SECTION 1.02. Settlement of Units; Restrictions on Shares 2 SECTION 1.03. Nontransferability of Stock Units 3 SECTION 1.04. Dividends, Dividend Equivalents, Rights as a Shareholder 3 SECTION 1.05. Payment of Transfer Taxes, Fees and Other Expenses 3 SECTION 1.06. Taxes and Withholding 3 ARTICLE II
Grant and Vesting. (a) The Performance Shares will be earned by the Participant (subject to Vesting), as provided below only as, when and to the extent the Performance Goals (defined in the Incentive Plans) are met as of the end of the three year period of [insert performance period] Plan Years (the Award Date). If the Performance Goals are not met, than the Performance Shares granted herein shall lapse and be of no further force or effect.
Grant and Vesting. (a) Pursuant to the Unanimous Consent of Directors of the Company dated August 26, 1997, the Company hereby grants to the Optionee an option (the "Option") to purchase up to 862,000 shares of the Company's common stock, $.00001 par value per share (the "Option Shares") at the price of $5.81 per share (the "Purchase Price" or "Exercise Price") representing the closing bid price on August 29, 1997.
Grant and Vesting. (a) Except as otherwise provided in this Award Agreement, provided that the Participant remains a Non-Employee Director on such date, the Restricted Stock Units subject to this Award Agreement shall vest in accordance with the following schedule (the “Service Condition”):
Grant and Vesting. The Company hereby grants to the Holder Class D Warrants (“Warrants”) to purchase up to ________________ (______) shares of Common Stock at a purchase price equal to $3.50 per share of Common Stock (“Exercise Price”). The Warrants shall vest as to all shares of Common Stock immediately. The shares of Common Stock for which the Warrants may be exercised are referred to as the “Warrant Shares.”
Grant and Vesting. The Company hereby grants to the Executive the right and option (the “Option”) to purchase an aggregate of ___shares of Common Stock (the “Shares”) at an exercise price of $1.51 per Share, reflecting the closing price of the Common Stock on the Valuation Date (as defined in the Incentive Plan). In the event that the Executive continues to serve as an executive officer of the Company until a vesting event, the Option shall vest and become exercisable for 40% of the Shares on the Initial Vesting Date and for 100% of the Shares on the Final Vesting Date and shall remain exercisable until the second anniversary of the vesting event (the “Option Period”).
Grant and Vesting. (a) Except as otherwise provided herein, provided that the Participant remains employed by the Company on such date (each, a “Vesting Date”), the Shares of Restricted Stock subject to this Award Agreement shall vest in accordance with the following schedule (the “Service Condition”): Grant Date Anniversary Percentage of Restricted Stock Vesting 3rd Anniversary 33% 4th Anniversary 33% 5th Anniversary 34%
Grant and Vesting. (a) One Million Five Hundred Thousand (1,500,000) of the Options are vested on the Grant Date. One Million Five Hundred Thousand (1,500,000) of the Options shall vest according to the Condition of Vesting explained in Section 3(b). The date on which such vesting occurs may be referred to below as the “Vesting Date.”
Grant and Vesting. The Company hereby grants to the Executive the right and option (the "Option") to purchase an aggregate of ________ shares of Common Stock (the "Shares") at an exercise price of $4.03 per Share, reflecting the closing price of the Common Stock on the trading day immediately preceding the date hereof. In the event that the Executive continues to serve as an executive officer of the Company until the Vesting Date, the Option shall vest and become exercisable on the Vesting Date and shall remain exercisable until the first anniversary of the Vesting Date (the "Option Period").
Grant and Vesting. In consideration of Iconic granting through a sub-license to the Company of all of Iconic's licensing rights pursuant to the License Agreement (as defined in Section 8 below), and in furtherance of that certain agreement between Iconic and the Company dated April 3, 2009, (the “Transaction Agreement”), the Company hereby grants to the Holder warrants to purchase an aggregate of up to __________ shares of Common Stock (the "Warrants"), as adjusted and increased as provided herein, at a purchase price equal to $5.00 per share of Common Stock (the "Exercise Price"). The shares of Common Stock, or other securities for which the Warrants may be exercised as a result of transactions contemplated by Article II, are referred to as the "Warrant Shares."
