Common use of Initial Stock Option Grant Clause in Contracts

Initial Stock Option Grant. You will be awarded options in respect of Koninklijke common stock (your “Initial Stock Options”). The number of Initial Stock Options to be awarded to you is stated in the Schedule. The vesting schedule for your Initial Stock Options is stated in the Schedule. Your Initial Stock Options will be subject to the terms of LTIP and to the terms of your award agreement under it.

Appears in 10 contracts

Samples: Your Employment Agreement (Koninklijke Philips Electronics Nv), Is Your Employment Agreement (Genlyte Group Inc), Your Employment Agreement (Koninklijke Philips Electronics Nv)

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