Common use of Performance-Based Grant Clause in Contracts

Performance-Based Grant. An option to purchase 320,139 shares of the Company’s common stock (the “Performance-Based Option”) pursuant and subject to the Plan and the stock option agreement attached hereto as Exhibit B. The Performance Based Option shall be a nonqualified stock option, and will have an exercise price per share equal to the Fair Market Value of a share of common stock of the Company as of the date of grant pursuant to the terms of the Plan.

Appears in 1 contract

Sources: Executive Employment Agreement (Immunomedics Inc)

Performance-Based Grant. An option to purchase 320,139 140,000 shares of the Company’s common stock (the “Performance-Based Option”) pursuant and subject to the Plan and the stock option agreement attached hereto as Exhibit B. A. The Performance Based Option shall be a nonqualified stock option, and will have an exercise price per share equal to the Fair Market Value of a share of common stock of the Company as of the date of grant pursuant to the terms of the Plan.

Appears in 1 contract

Sources: Executive Employment Agreement (Immunomedics Inc)