Performance-Based Stock Options Sample Clauses

Performance-Based Stock Options. A stock options to purchase 50,000 shares of the Company’s common stock, with an exercise price equal to the closing price of the Company’s common stock on the date of grant, a ten year term, and that will vest and become exercisable upon the satisfaction of the performance conditions to be agreed by the Executive and the Company’s Board of Directors.

Performance-Based Stock Options. A stock options to purchase 250,000 shares of the Company’s common stock, with an exercise price equal to the closing price of the Company’s common stock on the date of grant, a ten year term, and that will vest and become exercisable upon the satisfaction of the performance conditions (which will provide for the opportunity to achieve vesting for all prior periods if the performance condition for an earlier year is not achieved) to be agreed by the Executive and the Company’s Board of Directors. In the event of a termination by the Company without Cause or by the Executive for Good Reason, such stock options shall (i) cease to be exercisable and shall cease to continue vesting, but shall not terminate, on the 90th day following the Effective Date of Termination, (ii) become again exercisable from and after consummation of any CIC that is consummated on or prior to the one year anniversary of the Effective Date of Termination and (iii) shall terminate if a CIC is not consummated on or prior to the one year anniversary of the Effective Date of Termination; provided, however, that this sentence shall not in any event extend such stock options beyond the tenth anniversary of the date of grant. In the event that any such performance condition is not met by the specified date for achieving such performance condition (if any), the portion of such stock option subject to such performance condition shall remain outstanding and shall vest (subject to the Executive’s continued employment by the Company) upon the earlier of (i) the fourth anniversary of the date of grant or (ii) a CIC.

Performance-Based Stock Options. Subject to the terms of the Employment Agreement between Mr. ▇▇▇▇ ▇▇▇ and CVTV and the approval of the Board, CVTV shall grant Mr. ▇▇▇▇ ▇▇▇ stock incentive options to purchase no more than 500,000 shares of CVTV’s common stock each year during the Term of this Agreement pursuant to CVTV’s incentive stock option plan, so long as the Developer and Mr. ▇▇▇▇ ▇▇▇ provide satisfactory services to CVTV and meet the Capacity Goal. Subject to the approval of the Board, CVTV shall grant two Designated Technicians selected by the Developer incentive stock options, each to purchase no more than 100,000 shares of CVTV’s common stock each year during the Term of this Agreement pursuant to CVTV’s incentive stock option plan, so long as the Developer provides satisfactory services to CVTV and meets the Capacity Goal.

Performance-Based Stock Options. ● Stock Option #1 (Vests after revenues resulting in $10M in Annual Sales) to purchase up to 1,000,000 shares of the common stock of the Company (good for 3 years from vesting) at $0.12 per share. ● Stock Option #2 (Vests after revenues resulting in $15M annual sales) to purchase 1,000,000 shares of the common stock of the Company (good for 3 years from vesting) at $0.30 per share. ● Stock Option #3 (Vests after revenues resulting in $20M annual sales) to purchase 1,000,000 shares of the common stock of the Company (good for 3 years from vesting) at $0.50 per share.

Performance-Based Stock Options. The company is presently developing a senior management stock option plan. The purpose is to provide senior executives in the company with incentives through stock ownership. You will play an active role in establishing this program and once established, you will be immediately eligible. Your participation level in the stock option plan will be based on various factors, including salary, title, responsibility and tenure.

Performance-Based Stock Options. The Company shall grant a nonqualified stock option to the Executive substantially in the form of the nonqualified stock option award agreement attached hereto as Exhibit B, which generally provides that the Company shall grant Executive nonqualified stock options for 25,000 shares of common stock at an exercise price of Five Dollars ($5) per share. The options will vest, subject to Executive's continued employment with the Company, the terms of the Company's equity compensation plan and the award agreement evidencing the options at the following schedule: (i) 12,5000 shares will vest upon meeting certain performance achievements and milestones established by the Chief Executive Officer for the fiscal year ended June 30, 2000; and (ii) 12,5000 shares will vest upon meeting certain performance achievements and milestones established by the Chief Executive Officer for the fiscal year ended June 30, 2001.

Performance-Based Stock Options. A stock option to purchase 162,500 shares of common stock of the Parent, with an exercise price equal to the closing price of the Parent’s common stock on the date of grant, a ten year term, and which will vest and become exercisable upon the satisfaction of the performance conditions to be set by the Parent following discussions between the Executive and the Parent’s Board.

Performance-Based Stock Options. In addition to the Annual Bonus earned by the Executive in any year, the Executive shall also be entitled to stock options (the “Bonus Options”). The terms and conditions applicable to the Bonus Options are more fully set forth in Exhibit B hereof.

Performance-Based Stock Options. Executive shall receive the following performance-based Options as set forth below. The Options shall have a strike price equal $0.01/Option pursuant to the 409A valuation determined by the Company’s valuation consultant. The Options are time-based and will vest according to the Vesting Schedule as long as the Executive is employed by the Company. If the Executive terminates this Agreement prior to the end of the Vesting Schedule, or if Executive is terminated with “Cause”, the unvested Options will be deemed terminated and shall have no value. If Executive is terminated without “Cause”, the unvested Options will fully vest with the Executive. For purposes of this paragraph, “Cause” is defined as any willful and gross misconduct, moral turpitude, failure to perfo1m duties in good faith, or material breach of fiduciary duty toward the Company. The Executive shall be eligible for additional restricted stock option awards as approved by the Company’s board of directors. 50,000 Options upon achieving annual gross written premium plus non-statutory insurance company revenue of $100 million, $150 million, $200 million, and $250 million for a maximum total of 200,000 Options. 50,000 Options upon achieving positive Earnings Before Income Tax Depreciation and Amortization (“EBITDA) for calendar year 2022, 2023, 2024 and 2024 for a maximum total of 200,000 Options.