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. The Company acknowledges that it will grant the Executive two million five hundred thousand (2,500,000) performance based stock options (the “Performance Stock Options”) entitling the Executive to purchase shares of common stock of the Company, on a cashless basis during the term of employment and non cashless if executive is no longer employed, (the “Performance Stock Option Shares”). The Executive shall be entitled to any additional annual stock option grants provided at the discretion of the Company’s Board of Directors. The specific terms and conditions of such Performance Stock Options shall be set forth in a separate written Performance Stock Option Agreement, with the principal terms being as follows:
Performance-Based Stock Options. Subject to the terms of the Employment Agreement between Mr. Xxxx Xxx and CVTV and the approval of the Board, CVTV shall grant Mr. Xxxx Xxx 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. Xxxx Xxx 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. 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. Employee shall be entitled to be granted certain additional stock options based upon the future performance of the Company, specifically:
Performance-Based Stock Options. A performance based stock option award granting the option to purchase 150,000 shares of the Company’s common stock, which will have an option exercise purchase price equal to the closing price of Savient common stock as quoted by the NASDAQ National Market on the grant date, and which shall vest based on performance conditions to be determined by the Company within the first 30 days of your employment.
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. You shall be eligible to receive 25,000 stock options based upon the achievement of certain milestones, the specifics of which shall be mutually determined between yourself and the Company.
Performance-Based Stock Options. As of immediately prior to the Effective Time, each First Southern Stock Option granted subject to performance-based vesting conditions other than a Series C First Southern Stock Option (each, a “Performance-Based First
