Option to Purchase Common Stock a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 Option Shares, at a purchase price of $1.60 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 until January 1, 2002, with respect to installments of 454,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 2002, Optionee shall have the fully vested right to purchase 1,362,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2006.
Option to Purchase Common Stock a. The Corporation hereby grants to the Holder an option (the "Option") to purchase from the Corporation 250,000 Option Shares, at a purchase price of $.10 per Option Share (the "Option Price"). The Holder's right and option to purchase the Option Shares shall vest, subject to subsection 1(d) and Section 6, as follows: (i) 85,000 Option Shares vest July 1, 1997, (ii) 55,000 Option Shares vest on January 1, 1998, (iii) 55,000 Option Shares vest July 1, 1998; (iv) 55,000 Option Shares vest January 1, 1999 (each an "Installment") at the Option Price, so long as the Holder is employed by the Corporation, ACTV, Inc. or any affiliate or subsidiary of ACTV, Inc. (collectively, the "ACTV Group"). Said right shall be cumulative. With respect to each Installment, the "Option Period" shall commence on the date said Installment vests and terminate on June 2, 2007.
Option to Purchase Common Stock a. Subject to Section 12 hereof, the Corporation hereby grants to the Company an option (the "Option") to purchase from the Corporation 30,000 Option Shares, at a purchase price of $5.50 per Option Share (the "Option Price"). The Company's right and option to purchase the Option Shares shall vest on November 15, 1994. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on November 15, 1997.
Option to Purchase Common Stock a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 564,000 vested Option Shares, excluding options previously exercised, at a purchase price of $1.50 per Option Share (the "Option Price"). With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2003.
Option to Purchase Common Stock a. The Corporation hereby grants to the Holder an option (the "Option") to purchase from the Corporation 290,000 Option Shares, at a purchase price of $1.90 per Option Share (the "Option Price"). The Holder's right and option to purchase the Option Shares shall vest, subject to subsection 1(d) and Section 6, as follows: (i) 95,000 Option Shares vest on July 1, 1997; (ii) 65,000 vest on January 1, 1998; (iii) 65,000 Option Shares vest on July 1, 1998, and (iv) 65,000 Option Shares vest on January 1, 1999 (each an "Installment") at the Option Price, so long as the Holder is employed by the Corporation. Said right shall be cumulative. With respect to each Installment, the "Option Period" shall commence on the date said Installment vests and terminate on March 14, 2007.
Option to Purchase Common Stock a. Subject to Section 12 hereof, the Corporation hereby grants to the Grantee an option (the "Option") to purchase from the Corporation 67,500 Option Shares, at a purchase price of $2.00 per Option Share (the "Option Price"). The Grantee's right and option to purchase the Option Shares shall vest commencing on the date hereof and expiring five years from the date hereof.
Option to Purchase Common Stock a. Subject to Section 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 100,000 Option Shares, at a purchase price of $1.50 per Option Share (the "Option Price"). The Employee's right and option to purchase 67,300 Option Shares are fully vested and 33,000 shall vest on July 1, 1997, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of July 1, 1997, Optionee shall have the fully vested right to purchase 100,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior July 1, 1997, the Employee shall not have the right or option to purchase any part of the installment of Option Shares that would have otherwise vested on such July 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2002.
Option to Purchase Common Stock. The senior management of the Company will recommend that the Board grant the Executive an option to purchase 450,000 shares of the Company’s common stock $0.000001 par value per share (the “Common Stock”) having an exercise price equal to the fair market value of the Company’s Common Stock as of the grant date and that such stock will have a term of eight (8) years (the “Option”).
Option to Purchase Common Stock. Promptly following the Effective Date, the senior management of the Company will recommend that the Board grant the Executive an option (the "Option") to purchase 1,000,000 shares of the Company's Common Stock pursuant to the Company's 2004 Equity Incentive Plan (the "Plan") at an exercise price per share equal to the fair market value of a share of the Company's Common Stock as of the date of such grant, as determined by the Board, and subject to the following vesting schedule: 1/36 of the shares subject to the Option shall vest on each monthly anniversary of the date of this Agreement, subject to Executive's Continuous Service (as defined in the Plan) through each such date. Notwithstanding the above, the Option will vest immediately with respect to 100% of any then unvested or unreleased shares upon a Termination Other Than For Cause.
Option to Purchase Common Stock. The Company hereby grants Executive ------------------------------- an option to purchase fifty thousand (50,000) shares of common stock of the Company. The terms and conditions of this option shall be set forth in a separate Option Agreement, a copy of which shall be attached as Exhibit B to this Agreement.
