New Hire Option Sample Clauses

New Hire Option. Subject to approval by the Board of Directors or the Compensation Committee, Executive will receive (i) a new hire grant of nonstatutory stock options that would enable Executive to purchase up to 60,000 shares of common stock of the Company (the “New Hire Option”) and (ii) a new hire grant of 25,000 restricted stock units (the “New Hire RSU Grant” and, together with the New Hire Option, the “New Hire Equity Grants”). The grant of the New Hire Equity Grants is subject to Executive’s timely execution of this Agreement and Executive’s actual commencement of employment with the Company. If granted, the New Hire Equity Grants will (i) automatically be granted to Executive on the first day of the first calendar month following the Commencement Date (the “Grant Date”), (ii) the New Hire Option will have an exercise price per share equal to the closing price per share of the Company’s common stock on the Grant Date, (iii) be subject to terms and conditions consistent with the Company’s 2011 Equity Incentive Plan and applicable form of stock option agreement or restricted stock agreement, respectively, as approved by the Compensation Committee, (iv) the New Hire Option shall vest 25% on the first anniversary of the Grant Date, with the remaining 75% vesting in equal monthly installments over the following 36 months, subject in each case to Executive’s continued service with the Company, and (vi) the New Hire RSU Grant will vest in full on the third anniversary of the Grant Date, subject to Executive’s continued service with the Company. As soon as administratively practicable following the Grant Date, Executive will separately receive a stock option agreement and associated documentation related to the New Hire Equity Grants, including the applicable exercise price of the New Hire Option. The grant of the New Hire Equity Grants is intended to be a material inducement to the Executive’s employment by the Company.
Sample 1
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New Hire Option. A stock option to purchase up to 128,000 shares of the Company’s common stock (the “Option”). The Option will have an exercise price equal to the fair market value of the Company’s common stock on the applicable date of grant. Subject to Executive’s continued provision of services to the Company through the applicable vesting dates, the Option shall vest as follows: 25% of the total number of shares subject to the Option shall vest on the first anniversary of the Date of Hire and 1/36 of the remaining number of shares subject to the Option shall vest on each monthly anniversary thereafter so that the Option would fully vest on the four (4) year anniversary of the Date of Hire subject to Executive’s continued services with the Company through such date.
Sample 1
New Hire Option. Upon the Grant Date, the Company will grant you a stock option to purchase such number of shares of the Company’s common stock equal to Fifteen Million Dollars ($15,000,000) under the Equity Plan (the “New-Hire Option”). Specifically, the number of shares of the Company’s common subject to the New-Hire Option will be determined by dividing Fifteen Million Dollars ($15,000,000) by: (i) the average daily closing price of the Company’s common stock on the New York Stock Exchange for the thirty business days ending on the day immediately prior to the Grant Date, multiplied by (ii) the applicable Black-Scholes ratio as determined by the Company’s finance department, rounded up to the nearest whole share. The New-Hire Option shall be granted with an exercise price equal to the closing price of the Company’s common stock on the New York Stock Exchange on the Grant Date (the “Exercise Price”). The New-Hire Option will be a non-qualified stock option, and, except as set forth in Section 8, will be exercisable (to the extent vested) for ten years from the Grant Date. The New-Hire Option will vest and become exercisable only if you satisfy both time-based and performance-based vesting requirements as described in this Section 5(c), subject to Section 8 below, will depend on your continued employment as CEO of the Company on the applicable time-based or performance-based vesting dates, and will be subject to the terms and conditions of the written agreement governing the grant, the Equity Plan and this Agreement; provided that the 25% Absolute Metric (as defined below) or the 50% Absolute Metric (as defined below), as applicable, is satisfied on or after each time-based vesting date for the Time-Based Vesting Tranche, all as set forth in the following provisions of this Section 5(c). The New-Hire Option will vest over five (5) years as follows: twenty percent (20%) of the total shares subject to the New-Hire Option will vest and become exercisable on the first annual anniversary of the Start Date and the balance of the shares subject to the New-Hire Option will vest and become exercisable in equal monthly installments of 1/60 of the total shares on each of the following 48 monthly anniversaries of the Start Date, each a time-based vesting date (and each such vesting time-period, a “Time-Based Vesting Tranche”); provided that the 25% Absolute Metric or the 50% Absolute Metric, as applicable, is satisfied on each time-based vesting date for the Time-Based Vesting Tranch...
Sample 1
New Hire Option. Subject to approval by the Board of Directors or the Compensation Committee, Executive will receive a new hire grant of nonstatutory stock options that would enable Executive to purchase up to 350,000 shares of common stock of the Company (the “New Hire Option”). The grant of the New Hire Option is subject to Executive’s timely execution of this Agreement and Executive’s actual commencement of employment with the Company no later than January 9, 2017. If granted, the New Hire Option would (i) automatically be granted to Executive on the first day of the first calendar month following the Commencement Date (the “Grant Date”), (ii) have an exercise price per share equal to the closing price per share of the Company’s common stock on the Grant Date, (iii) be subject to terms and conditions consistent with the Company’s Inducement Plan and applicable form of stock option agreement as approved by the Compensation Committee, and (iv) vest 25% on the first anniversary of the Grant Date, with the remaining 75% vesting in equal monthly installments over the following 36 months, subject in each case to Executive’s continued services with the Company. As soon as administratively practicable following the Grant Date, Executive will separately receive a stock option agreement and associated documentation related to the New Hire Option, including the applicable exercise price. The grant of the New Hire Option is intended to be a material inducement to the Executive’s employment by the Company.
Sample 1
New Hire Option. A stock option to purchase up to 90,000 shares of the Company’s common stock (the “Option”). The Option will have an exercise price equal to the fair market value of the Company’s common stock on the applicable date of
Sample 1
New Hire Option. On the second business day following the public announcement of this Agreement, assuming your Start Date occurs on or prior thereto (the “Grant Date”), the Company will grant you a stock option to purchase Three Hundred Thousand (300,000) shares of the Company’s Class A common stock (the “New Hire Option”) under the Company’s 2017 Equity Incentive Plan (the “Equity Plan”). The New Hire Option will vest in twelve equal quarterly installments on each quarterly anniversary of the Grant Date, subject to your continued employment as the CEO, except as set forth in the Severance CIC Agreement. The New Hire Option shall be granted with an exercise price equal to the closing price of the Company’s Class A common stock on the New York Stock Exchange on the Grant Date. The New Hire Option will be a non-qualified stock option and will be exercisable (to the extent vested) for ten years from the Grant Date (subject to earlier termination in connection with the cessation of your services as CEO). The New Hire Option will be subject to the terms and conditions of the written agreement governing the grant, the Equity Plan, this Agreement and the Severance CIC Agreement and will permit the transfer of the New Hire Option in connection with estate planning activities as long as the recipient of the transfer qualifies as a “family member” under the instructions to Form S-8 under the Securities Act of 1933.
Sample 1

Related to New Hire Option

  • Our Option If we give you written notice within 30 days after we receive your signed, sworn proof of loss, we may repair or replace any part of the damaged property with material or property of like kind and quality.

  • Share Option Plans Each share option granted by the Company under the Company’s share option plan was granted (i) in accordance with the terms of the Company’s share option plan and (ii) with an exercise price at least equal to the fair market value of the Ordinary Shares on the date such share option would be considered granted under GAAP and applicable law. No share option granted under the Company’s share option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, share options prior to, or otherwise knowingly coordinate the grant of share options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Employee Options There are two (2) options available to an employee who is otherwise eligible for disability insurance benefits which are as follows:

  • Share Options With respect to the share options (the “Share Options”) granted pursuant to the share-based compensation plans of the Company and its subsidiaries (the “Company Share Plans”), (i) each Share Option intended to qualify as an “incentive stock option” under Section 422 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), so qualifies, (ii) each grant of a Share Option was duly authorized no later than the date on which the grant of such Share 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 shareholder 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 Share Plans, the Exchange Act, and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange (the “Exchange”), and (iv) each such grant was properly accounted for in accordance with IFRS in the financial statements (including the related notes) of the Company. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Share Options prior to, or otherwise coordinating the grant of Share Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • 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.

  • Nonqualified Stock Option The Option is a nonqualified stock option and is not, and shall not be, an incentive stock option within the meaning of Section 422 of the Code.

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 50,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • 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.

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

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