OPTION GRANT NO Sample Clauses

OPTION GRANT NO. 2. Subject to the terms of the Plan, the Company shall grant Employee options to purchase common stock of the Company according to the following terms:
Sample 1
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OPTION GRANT NO. 1. Upon action of the Board, on or before November 15, 2001, the Company shall grant Executive a non-statutory option to purchase 950,000 shares of Company common stock ("Option Grant No. 1"), subject to the terms and conditions of the Company's 2000 Equity Incentive Plan (the "Plan") and Executive's stock grant agreement. The exercise price of Option Grant No. 1 shall be the fair market value of the Company's common stock on the date of the grant as established in accordance with the Company's standard procedures for granting stock options to employees. Option Grant No. 1 shall vest in accordance with the Company's standard vesting schedule as follows: over 4 years with the initial 25% vesting after 12 months of continuous service, and thereafter shall vest in equal monthly installments over the subsequent 36 months of continuous service. Pursuant to the terms of the Plan, should certain changes of control occur, as described in Paragraph 11(c) of the Plan, then, as provided in the Plan, Executive's unvested options under Option Grant No. 1 shall have their vesting accelerated such that 50% of the remaining unvested shares immediately shall vest.
Sample 1
OPTION GRANT NO. 2. Upon action of the Board, on or before November 15, 2001, the Company shall grant Executive a non-statutory option to purchase 465,000 shares of Company common stock ("Option Grant No. 2"), subject to the terms and conditions of the Plan and Executive's stock grant agreement. The exercise price of Option Grant No. 2 shall be the fair market value of the Company's common stock on the date of the grant as established in accordance with the Company's standard procedures for granting stock options to employees. Option Grant No. 2 shall vest as follows: 100% shall vest only at the end of 5 years of continuous service. Notwithstanding the foregoing, vesting of Option Grant No. 2 shall be accelerated upon the occurrence of the following during Executive's continuous service with the Company: (i) 25% of the shares immediately shall vest if the Company's stock closes at or above $5.00 per share for at least 50 of 60 consecutive trading days, including the last 10 days of such period; (ii) an additional 50% of the shares immediately shall vest if the Company's stock closes at or above $15.00 per share for at least 50 of 60 consecutive trading days, including the last 10 days of such period; and (iii) an additional 25% of the shares immediately shall vest if the Company's stock closes at or above $30.00 per share for at least 50 of 60 consecutive trading days, including the last 10 days of such period. The preceding per share trading amounts shall be adjusted appropriately for any stock split, stock dilution, combination or the like after the Effective Date. Pursuant to the terms of the Plan, should certain changes of control occur, as described in Paragraph 11(c) of the Plan, then, as provided in the Plan, Executive's unvested options under Option Grant No. 2 shall have their vesting accelerated such that 50% of the remaining unvested shares immediately shall vest.
Sample 1

Related to OPTION GRANT NO

  • 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.

  • Option Grant The Company hereby grants to the Optionee on the terms and conditions of this Agreement the right and the option (the “Option”) to purchase all or any part of shares of the Company’s Class A Common Stock at a purchase price of $ per share. The terms and conditions of the Option grant set forth in attached Exhibit A are incorporated into and made a part of this Agreement. The Option is intended to be an Incentive Stock Option as defined in Section 422 of the Internal Revenue Code of 1986, as amended.

  • 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.

  • Term of Grant Agreement The term of this Grant Agreement begins on the date this Grant Agreement is executed by the State, through final payment plus three (3) years unless otherwise terminated or amended as provided in this Grant Agreement. However, all work shall be completed in accordance with the Schedule as set forth in Exhibit C.

  • Grant Agreement) This represents the status at the time of signature of this Consortium Agreement.

  • Option Agreement Each Option granted pursuant to this Section 9 shall be evidenced by a written stock option agreement, which shall be executed by the Non-employee Director and the Company.

  • Option Grants During the Employment Period, Executive shall be eligible to participate in the Instinet 2000 Stock Option Plan (as the same may be amended and in effect from time to time, the "2000 Option Plan") and any subsequent stock option plan maintained by the Company for its senior executives, subject to the review and approval of the Compensation Committee. The terms and conditions of all options to purchase shares of common stock granted to Executive under the 2000 Option Plan or under any prior or subsequent stock option plan maintained by the Company or its Affiliates (including any options granted to Executive prior to the Commencement Date) (collectively, the "Options"), including the grant, vesting, exercise, payment and all other terms of such Options, shall be governed by the terms of the stock option plan under which such Options were granted, as such plan or plans may be amended and in effect from time to time.

  • Award Agreement Each Option shall be evidenced by an Award Agreement that shall specify the Exercise Price, the expiration date of the Option, the number of Shares to which the Option pertains, any conditions to exercise of the Option, and such other terms and conditions as the Committee, in its discretion, shall determine. The Award Agreement shall specify whether the Option is intended to be an Incentive Stock Option or a Non-qualified Stock Option.

  • Option Granted In consideration of the payment of RMB10 by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”) to purchase the equity interests in Party C then held by Party B once or at multiple times at any time in part or in whole at Party A’s sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or non-corporate organizations.

  • 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.

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