Common use of Option Award Clause in Contracts

Option Award. As of the Effective Date, Executive shall be granted an option to purchase 2,488,889 shares of Company stock (the "Option Award") pursuant to a separate written Non Qualified Stock Option Agreement under the Company's 2006 Omnibus Stock Incentive Plan (the "Plan"). The Option Award shall be subject to the terms and conditions of that agreement and the Plan.

Appears in 4 contracts

Samples: Employment Agreement (Douglas Emmett Inc), Employment Agreement (Douglas Emmett Inc), Employment Agreement (Douglas Emmett Inc)

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Option Award. As of the Effective Date, Executive shall be granted an option to purchase 2,488,889 386,667 shares of Company stock (the "Option Award") pursuant to a separate written Non Qualified Stock Option Agreement under the Company's 2006 Omnibus Stock Incentive Plan (the "Plan"). The Option Award shall be subject to the terms and conditions of that agreement and the Plan.

Appears in 2 contracts

Samples: Employment Agreement (Douglas Emmett Inc), Employment Agreement (Douglas Emmett Inc)

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