INCENTIVE STOCK OPTION AGREEMENT. The Company may, but will in no event be obligated to, register any securities issuable upon the exercise of all or any portion of the Stock Option pursuant to the Securities Act of 1933 (as now in effect or as hereafter amended) or to take any other affirmative action in order to cause the exercise of the Stock Option or the issuance of shares pursuant thereto to comply with any law or regulation of any governmental authority. The certificates representing shares issued to Optionee hereunder shall bear such legends as Company determines appropriate referring to restrictions on the transfer of such shares imposed by this Agreement and such other legends as are required or appropriate under applicable law.
INCENTIVE STOCK OPTION AGREEMENT. Attached hereto as Exhibit "C" --------------------------------- is a copy of the Incentive Stock Option Agreement dated June 27, 1994, as amended by the Amendment to United Park City Mines Company Incentive Stock Option Agreement dated as of August 25, 1995 by and between the Company and Xxxxxxxx, which shall continue in effect pursuant to the terms and conditions set forth therein. If at any time during the term of this Agreement the "Capital Stock" of the Company, as such term is defined in the Incentive Stock Option Agreement, as amended, ceases to be listed on the stock exchange of any United States public listing agency, such as the New York Stock Exchange or NASDAQ (any such public listing agency individually referred to herein as a "Stock Exchange") for a period of ninety (90) consecutive calendar days, then Xxxxxxxx shall be entitled to give notice to the Company of Xxxxxxxx'x election to cause the Company to purchase from Xxxxxxxx all of his right, title and interest arising under the Incentive Stock Option Agreement, provided that Xxxxxxxx gives to the Company written notice of such election by Xxxxxxxx within thirty (30) days after the date that the Capital Stock of the Company has not been listed on any Stock Exchange for a period of ninety (90) consecutive days. In the event Xxxxxxxx exercises his right to cause the Company to purchase all of Xxxxxxxx'x right, title and interest under the Incentive Stock Option Agreement, the purchase price to be paid by the Company to Xxxxxxxx for all of his right, title and interest arising under the Incentive Stock Option Agreement shall be an amount equal to the total number of Option Shares which Xxxxxxxx is then entitled to purchase under the Incentive Stock Option Agreement multiplied by a dollar amount calculated as follows:
INCENTIVE STOCK OPTION AGREEMENT. Contemporaneously with this Agreement, Employer has granted Employee the opportunity to purchase shares of Employer’s common stock, pursuant to Employer’s 1996 Employees’ Incentive Stock Option Plan, as amended from time to time, and a Stock Option Agreement between Employer and Employee, a copy of which is attached hereto as Exhibit B and incorporated herein by reference. Employee’s Stock Option Agreement does not obligate Employee to exercise his options to purchase stock of Employer nor obligates Employer to continue Employee’s employment.
INCENTIVE STOCK OPTION AGREEMENT. Subject to the approval of the directors and shareholders of Greer Bancshares Incorporated of an incentive stock option plan, the Executive will receive an incentive stock option agreement that will provide, in general, the following:
INCENTIVE STOCK OPTION AGREEMENT. Contemporaneously with this Agreement, Capric or has granted Dx. Xxxxxx the opportunity to purchase up to Two Hundred Thousand (200,000) shares of Capricor's Common Stock. This grant shall be made in accordance with Capricor's 2006 Stock Option Plan, as amended from time to time. Capricor and Dx. Xxxxxx shall execute an Incentive Stock Option Agreement between Capricor and Dx. Xxxxxx, a copy of which is attached hereto as Exhibit A and incorporated herein by reference. Dx. Xxxxxx’x Stock Option Agreement does not obligate Dx. Xxxxxx to exercise her options to purchase stock of Capricor nor obligates Capricor to continue Dx. Xxxxxx'x employment.
INCENTIVE STOCK OPTION AGREEMENT. 2.3 The Option may become immediately exercisable for the full number of Option Shares in the event of a reorganization as defined in the Plan. 3.
INCENTIVE STOCK OPTION AGREEMENT. (b) In the event of the Optionee’s termination of employment for Cause (as defined in the Employment Agreement), the Optionee’s entire Stock Option (whether or not vested) shall be forfeited and canceled in its entirety upon such termination of employment.
INCENTIVE STOCK OPTION AGREEMENT. On the date hereof, the Company and the Executive shall enter into an Incentive Stock Option Agreement substantially in the form attached hereto as EXHIBIT E.
INCENTIVE STOCK OPTION AGREEMENT. Contemporaneously with this Agreement, Employer has granted Employee the opportunity to purchase up to two hundred thousand (200,000) shares of Employer’s common stock at One Dollar and Eighty-Five Cents ($1.85) per share pursuant to an Incentive Stock Option Agreement, the form of which is attached hereto as Exhibit B and incorporated herein by reference, and Employer’s 1996 Employees’ Incentive Stock Option Plan. As further set forth in the Incentive Stock Option Agreement, sixty thousand (60,000) shares are “Performance Option Shares” that vest only in accordance with the Merit Plan adopted by the Board of Directors and upon achieving performance objectives established by the President and Chief Executive Officer. The Incentive Stock Option Agreement shall not obligate Employee to exercise his option to purchase stock of Employer and does not obligate Employer to continue Employee’s employment.
INCENTIVE STOCK OPTION AGREEMENT. Incentive Stock Option This option is intended to be an incentive stock option under Section 422 of the Internal Revenue Code and will be interpreted accordingly. If you cease to be an employee of the Company, its parent or a subsidiary (“Employee”) but continue to provide Service, this option will be deemed a nonstatutory stock option three months after you cease to be an Employee. In addition, to the extent that all or part of this option exceeds the $100,000 rule of section 422(d) of the Internal Revenue Code, this option or the lesser excess part will be deemed to be a nonstatutory stock option. Vesting This option is only exercisable before it expires and then only with respect to the vested portion of the option. Subject to the preceding sentence, you may exercise this option, in whole or in part, to purchase a whole number of vested shares not less than 100 shares, unless the number of shares purchased is the total number available for purchase under the option, by following the procedures set forth in the Plan and below in this Agreement. Your right to purchase shares of Stock under this option vests as to one-fourth (1/4) of the total number of shares covered by this option, as shown on the cover sheet, on the one-year anniversary of the Vesting Start Date, and each yearly anniversary of the Vesting Start Date for the three years thereafter, provided you then continue in Service. No additional shares of Stock will vest after your Service has terminated for any reason. Term Your option will expire in any event at the close of business at Company headquarters on the day before the 10th anniversary of the Grant Date, as shown on the cover sheet. Your option will expire earlier if your Service terminates, as described below. Regular Termination If your Service terminates for any reason, other than death, Disability or Cause, then your option will expire at the close of business at Company headquarters on the 90th day after your termination date. Termination for Cause If your Service is terminated for Cause, then you shall immediately forfeit all rights to your option and the option shall immediately expire. Death If your Service terminates because of your death, then your option will expire at the close of business at Company headquarters on the date twelve (12) months after the date of death. During that twelve month period, your estate or heirs may exercise the vested portion of your option. In addition, if you die during the 90-day period described...
