Second Stock Option Grant Sample Clauses

Second Stock Option Grant. A stock option to purchase 60,000 shares of Common Stock of the Company was granted to the Employee on January 12, 2000. The exercise price is $3.00 per share. The vesting will be as follows:
Sample 1
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Second Stock Option Grant. Upon the closing of the Company’s first capital raise after the Commencement Date, the Company shall grant the Executive a 10-year option to purchase in the aggregate that number of shares of the Company’s common stock equal to 5% of the number of shares of common stock of the Company (or the common stock underlying convertible securities) sold by the Company pursuant to such offering (the “Second Option”). The exercise price per share with respect to the shares of the Second Option shall be equal to the Closing Price of the Company’s common stock on the day before (i) the Commencement Date or (ii) the grant of the Second Option, whichever is greater. The Executive’s right to be granted the Second Option under this Section 6(b) shall terminate if the Company has not closed on a capital raise before the second anniversary of the Commencement Date. Fifty percent of the shares of the Second Option shall be immediately exercisable and an additional 25% of the Second Option shall become exercisable on each of the first and second anniversary of the grant of the Second Option, provided the Executive is employed by the Company on such date.
Sample 1
Second Stock Option Grant. Upon the closing of the Company’s first capital raise after the Commencement Date, the Company shall grant the Executive a 10-year option to purchase in the aggregate that number of shares of the Company’s common stock equal to 1.25% of the number of shares of common stock of the Company (or the common stock underlying convertible securities) sold by the Company pursuant to such offering (the “Second Option”). Notwithstanding the immediately preceding sentence, the number of shares subject to the Second Option shall not exceed 250,000. The exercise price per share with respect to the shares of the Second Option shall be equal to the Closing Price of the Company’s common stock on the day before (i) the Commencement Date or (ii) the grant of the Second Option, whichever is greater. The Executive’s right to be granted the Second Option under this Section 6(b) shall terminate if the Company has not closed on a capital raise before the second anniversary of the Commencement Date. Fifty percent of the shares of the Second Option shall be immediately exercisable and an additional 25% of the Second Option shall become exercisable on each of the first and second anniversary of the grant of the Second Option, provided the Executive is employed by the Company on such date.
Sample 1
Second Stock Option Grant. Subject to action of the Compensation Committee of NetLogic’s Board of Directors, and (i) subject to your completion of mutually agreed upon objectives to the satisfaction of NetLogic or (ii) prior to the occurrence of a liquidity event in calendar year 2002, you will be granted by the end of calendar year 2002 a second option to purchase Fifty Thousand (50,000) shares of NetLogic Common Stock. The terms and conditions of this second option grant, including the exercise price, will be set out in a stock option agreement to be executed by you and NetLogic at the time the grant is made and will be subject to and governed by the terms of the 2000 Stock Plan. This grant will be exercisable, in whole or in part, in accordance with the following schedule: 1/4th of the shares subject to this option grant will vest on the second anniversary of your employment commencement date, and 1/48th of the total number of shares subject to this option grant will vest on the last day of each month thereafter, subject in all events to your continuous employment by NetLogic or its successors. Your stock option agreement for this grant will include provisions for accelerated vesting or, in the case of early exercise, lapsing of NetLogic’s repurchase right, solely as provided in subparagraphs (A) and (B) above, with respect to the first option grant. Nothing in this provision or the provisions in the stock option agreement will alter the at-will nature of your employment, or limit in any way the acts or omissions that NetLogic may consider as grounds for termination of your employment.
Sample 1
Second Stock Option Grant. Within thirty days (30) after the closure of the Series B Round, the Board of Directors shall authorize a second round of Incentive Stock Options (ISO) and shall grant you an ISO for a minimum of 300,000 shares (or more at the discretion of the Board of Directors and the recommendation of the CEO).
Sample 1
Second Stock Option Grant. Subject to Board Approval, and pursuant to the Plan, as soon as reasonably possible following the start of your employment,, the Company will grant you an option to purchase 50,000 shares of the Company’s ordinary shares at the fair market value as determined by the Board as of the date of grant (the “Second Option”). The Second Option will be subject to the terms and conditions of the Plan and the Company’s standard form of stock option grant agreement, which you will be required to execute as a condition of receiving the Second Option. All of the shares of the Second Option will vest in full on the first anniversary following the Company’s listing on the NASDAQ Stock Market, with such vesting subject to your continued employment on such first anniversary; to the extent that the Company’s listing on the NASDAQ Stock Market has not occurred by the first anniversary of the date of grant of the Second Option, the Second Option will be canceled in its entirety with no vesting thereunder.
Sample 1

Related to Second Stock Option Grant

  • 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.

  • 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.

  • Initial Stock Option Grant You will be awarded options in respect of Koninklijke common stock (your “Initial Stock Options”). The number of Initial Stock Options to be awarded to you is stated in the Schedule. The vesting schedule for your Initial Stock Options is stated in the Schedule. Your Initial Stock Options will be subject to the terms of LTIP and to the terms of your award agreement under it.

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 10,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • Stock Option The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth on Schedule A. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time prior to the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement. Schedule A sets forth the date or dates after which the Optionee may exercise all or part of the Stock Option, subject to the provisions of the Plan.

  • NOTICE OF STOCK OPTION GRANT Name: Address: You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Vesting Commencement Date Exercise Price per Share $ Total Number of Shares Granted Total Exercise Price $ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date:

  • Stock Option Awards During the Term, the Executive shall be eligible for awards of options to purchase shares of the Company’s common stock (the “Stock Options”), such Stock Options to be awarded in the sole discretion of the Compensation Committee and in accordance with the terms of the Company’s Stock Option Plan, as such Stock Option Plan may be amended, suspended or terminated from time to time.

  • Initial Option Grant As of the end of the day of the date this Agreement is signed by the Company and Employee, the Company shall grant Employee an option to purchase the number of shares described in Exhibit A of common stock of the Company under the Company's 1992 Stock Option Plan, as amended, having an exercise price per share equal to the fair market value (as defined in the Stock Option Plan) of a share of common stock of the Company. Except as otherwise provided in the Stock Option Plan, the option shall become exercisable as described in Exhibit A.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

  • Stock Options (a) Subsequent to the effectiveness of the Form 10, but prior to the consummation of the Distribution, and subject to the consummation of the Distribution, each option to purchase ALTISOURCE Common Stock (“ALTISOURCE Stock Options”) granted and outstanding under the 2009 Equity Incentive Plan of ALTISOURCE (“ALTISOURCE Option Plan”) shall remain granted and outstanding and shall not, and ALTISOURCE shall cause (to the maximum extent permitted under the ALTISOURCE Option Plan) the ALTISOURCE Stock Options not to, terminate, accelerate or otherwise vest as a result of the Distribution, and each holder thereof immediately prior to the Distribution will be entitled to the following, determined in a manner in accordance with, and subject to, the ALTISOURCE Option Plan, FAS123R and Section 409A of the Internal Revenue Code: (i) an option to acquire a number of shares of Residential Class B Common Stock equal to the product of (x) the number of shares of ALTISOURCE Common Stock subject to the ALTISOURCE Stock Option held by such holder on the Distribution Date and (y) the distribution ratio of one (1) share of Residential Class B Common Stock for every three (3) shares of ALTISOURCE Common Stock (the “Residential Stock Options”), with an exercise price to be determined in a manner consistent with this Section 3.04 and (ii) the adjustment of the exercise price of such holder’s ALTISOURCE Stock Option, to be determined in a manner consistent with this Section 3.04 (the “Adjusted ALTISOURCE Stock Options”) (the Residential Stock Options and the Adjusted ALTISOURCE Stock Options, together, the “Post-Distribution Stock Options”).

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