Grant of Additional Stock Options Sample Clauses

Grant of Additional Stock Options. There shall be added to --------------------------------- Paragraph 6(c) of the Employment Agreement a second paragraph which shall state the following: Executive shall be included in the 0000 XXXXX Surgical Company Non- Qualified Stock Plan (the "Plan") adopted by Company. Pursuant to the terms of the Plan, Executive shall be entitled to purchase fifty thousand (50,000) shares of Company's common stock, which options shall vest over a period of five (5) years (ten thousand (10,000) shares each on May 6, 1998, May 6, 1999, May 6, 2000, May 6, 2001 and May 6, 2002, respectively), and all of which option rights shall expire on May 6, 2006. The purchase price per share shall be $12.50. Stock issued pursuant to the Plan shall be restricted stock, although Company shall reserve the right to issue registered shares if it so decides. Executive agrees to be bound by the terms of the Plan as adopted. These options shall be non-qualified stock options.
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Grant of Additional Stock Options. If at any time prior to January 3, 2001, the Company issues in the aggregate up to five percent (5%) of the currently outstanding number of shares of common stock (whether as stock or stock options) to existing executive vice presidents or other senior executives ("Additional Equity"), the Company shall, as of the date the Additional Equity actually is issued, grant to the Executive nonqualified options equal to fifteen percent (15%) of such Additional Equity ("Additional Options"). Any Additional Options granted pursuant to this Section 3.6(a) shall be rounded to the nearest whole share.
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Grant of Additional Stock Options. There shall be added to Paragraph 6(c) of the Employment Agreement a second paragraph which shall state the following: Executive shall be included in the 0000 XXXXX Surgical Company Employee Non-Qualified Stock Option Plan (the "Plan") adopted by Company. Pursuant to the terms of the Plan, Executive shall be entitled to purchase fifty thousand (50,000) shares of Company's common stock, which options shall vest over a period of five (5) years, ten thousand (10,000) shares each on January 1, 1997, January 1, 1998, January 1, 1999, January 1, 2000 and January 1, 2001. The purchase price per share shall be $12.50. Stock issued pursuant to the Plan shall be restricted stock, although Company shall reserve the right to issue registered shares if it so decides. Executive agrees to be bound by the terms of the Plan as adopted. These options shall be non-qualified stock options.
Sample 1
Grant of Additional Stock Options. (a) The Company hereby grants to CUCC the irrevocable option (the "Option") to purchase 875,850 shares of Common Stock (the "Option Shares") at an initial purchase price of $12.75 per share (subject to adjustment), payable either in cash or in exchange for evidences of indebtedness of the Company to CUCC, directly or through a subsidiary thereof, in an aggregate outstanding amount equal to the aggregate purchase price for such portion or all of the Option then being exercised. The Option may be exercised at any time and from time to time from the date hereof through September 12, 2000. Exercise of the Option may be in whole (at one time or in multiple parts aggregating the whole) or in part and shall be effectuated by delivering written notice of such exercise to the Company at any time and from time to time during such exercise period. Any and each such notice of exercise shall set forth the number of Option Shares to be acquired, the closing date, and the time and place of the closing.
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Grant of Additional Stock Options. There shall be added to --------------------------------- Paragraph 7 of the Employment Agreement a subparagraph (f) which shall state the following:
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Grant of Additional Stock Options. As of the Effective Date, the Company hereby grants to Employee stock options to purchase Twenty-Five Thousand (25,000) shares (the “Shares”) of the Company’s common stock at two dollars and fifty cents ($2.50) per share. The stock options shall vest on the second year anniversary of the Agreement, provided that the Employee is still employed with the Company.
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Grant of Additional Stock Options 
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Related to Grant of Additional Stock Options

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions 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.

  • Grant of Stock Option The Company hereby grants the Employee the Option to purchase all or any part of an aggregate of 50,000 shares of Common Stock (the "Option Shares") on the terms and conditions set forth herein and subject to the provisions of the Plan.

  • 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.

  • 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.

  • 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.

  • Grant of Options The Company hereby grants Optionee the right and option ("Option") to purchase the above described Twenty Million (20,000,000) shares of Common Stock, on the terms and conditions set forth herein and subject to the provisions of the Form S-8 registration statement in exchange for services provided by Employee to the Company, the options shall vest immediately upon the exercise hereof.

  • 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.

  • Exercise of Stock Options If stock options granted in connection with a Stock Incentive Plan are exercised:

  • Exercise of Nonqualified Stock Option If the Option does not ------------------------------------- qualify as an ISO, there may be a regular federal and California income tax liability upon the exercise of the Option. Participant 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 Shares on the date of exercise over the Exercise Price. If Participant is a current or former employee of the Company, the Company may be required to withhold from Participant's compensation or collect from Participant and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

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