SHARE OPTION SCHEME Sample Clauses
A Share Option Scheme clause establishes the framework under which a company may grant employees or other eligible participants the right to acquire shares in the company at a predetermined price, typically as part of an incentive or compensation package. This clause outlines the eligibility criteria, the terms and conditions for granting options, vesting schedules, and the procedures for exercising the options. By providing a structured method for offering equity participation, the clause helps align the interests of employees with those of the company and serves as a tool for attracting, retaining, and motivating key personnel.
POPULAR SAMPLE Copied 4 times
SHARE OPTION SCHEME. The Executive shall be entitled to participate in any share option scheme as may be maintained by the Group from time to time.
SHARE OPTION SCHEME. The Employee may, if so determined by the Company, participate in a share option scheme to subscribe for shares in the Company in such manner as the Company may in its sole and absolute discretion determine and subject to any terms and conditions as set out in the rules of such employee share option scheme of the Company as amended or varied from time to time. A separate letter of grant in relation to any options shall be issued in the event of a grant.
SHARE OPTION SCHEME. The Company has a Company Share Option Scheme ("the Scheme"). The Executive's participation in the Scheme ▇▇▇▇▇ ▇▇ ▇▇ ▇utlined in Schedule 1 to this Agreement and as further agreed between the parties from time to time subject only to the rules of the Company Share Scheme (as amended from time to time). The Company shall procure that, in the event of a takeover offer being made for the Company as defined in Section 428 of the Companies Act 1985, the Company's Share Option Committee shall provid▇ ▇▇▇ ▇▇e complete acceleration of the dates of exercise of the Executive's share options so as to allow the exercise of those options (at the Executive's absolute discretion) as if they has all vested immediately prior to the make of the takeover offer.
SHARE OPTION SCHEME. You are entitled to participate in Global Consolidated Aesthetics Ltd (GCAL) Equity Scheme, full details of which will be shared with you after the Board has made its allocation. A full share option plan and agreement will be sent to you at this time.
SHARE OPTION SCHEME. 14.1 On the Appointment Date the Company shall grant to the Chairman the right to subscribe for 3,000,000 of ordinary shares in the capital of the Company at the price of 5p per share. Furthermore, the Chairman has the right to subscribe to a further 3,000,000 shares a year after the appointment date, at that date's share price.
14.2 Any options granted pursuant to Clauses 14.1 shall be exercisable at that date's share price.
14.3 Options granted by Clauses 14.1, shall be exercisable the date they are granted and no later than ten years after.
14.4 The Options shall, at the sole discretion of the Chairman, become immediately exercisable on the happening of any of the following events:
14.4.1 the shares in the Company are sold to an outside investor;
14.4.2 the Company sells the whole or substantially the whole of its business and/or assets.
14.5 Subject to Clauses 14.4 and 14.5, an Option shall lapse on the earlier of:
14.5.1 the eleventh anniversary of the date of the grant of that Option; and
14.5.2 the first anniversary of the Chairman's death.
14.6 In the event of any dispute between the Company and the Chairman in relation to the operation of this Clause 14, the dispute shall be referred to the Company's auditors from time to time, whose decision shall be final. The costs of the auditors in connection with such reference shall be borne by the Company.
14.7 An Option shall be exercisable by the Chairman giving written notice to the Company of the number of shares in respect of which he wishes to exercise the Option, accompanied by the appropriate payment.
14.8 Shares shall be allotted and issued to the Chairman pursuant to a notice of exercise within 30 days of the date of exercise, and a share certificate shall be issued to the Chairman accordingly. Such shares shall rank pari passu with the other ordinary shares in the Company.
14.9 When an option is exercised in part only, the balance shall remain exercisable on the same terms as originally applied to the whole Option.
14.10 In the event of any consolidation, sub-division or reduction of capital by the Company, the number of shares subject to the Option, and the subscription price for the shares, shall be adjusted in such manner as the Company's auditors consider to be fair and reasonable provided that:
14.10.1 The aggregate amount payable on the exercise of an Option is not increased; and
14.10.2 the subscription price for the shares is not reduced below par.
14.11 The Company undertakes to insure ...
SHARE OPTION SCHEME. 5.1 The Company shall establish a share option scheme under which the Executive shall be granted options for 120,000 Company shares or the equivalent with an exercise price per option equal to the last sale price of a Company share as reported by The Nasdaq Stock Market on September 20, 1999. Options for 40,000 Company shares shall vest on September 20, 2000. Options for the remaining 80,000 Company shares will vest in 24 monthly instalments, each as nearly equal in number as possible to all others. The first such monthly instalment shall vest on October 31, 1000, and each subsequent monthly instalment shall vest on the last day of the month following the month in which the preceding monthly instalment vested, for each of the following twenty-three calendar months. Each option will have a six-year term from the date on which it vests to be exercised. The options will best subject to Executive's continued employment with the Company. The options shall be evidenced by one or more written option agreements, each of which shall contain the foregoing provisions or the terms of the share option scheme, as the board of directors of the Company may determine in its sole discretion.
SHARE OPTION SCHEME. ▇▇ ▇▇▇▇▇▇ will normally be eligible to be considered for a grant of options on an annual basis, such grant to be made at a time permitted under the rules of the applicable scheme. All awards and payments under the relevant plans are determined by the Company and/or, as appropriate, the Company’s Remuneration Committee.
SHARE OPTION SCHEME. On commencement of your employment with the Company, and entirely at the discretion of the Company, you will be granted 100,000 share options subject to and in accordance with the terms of the ▇▇▇▇ Medical Systems Inc. Stock Plan and subject also to the terms of the relevant Stock Option Agreement between you and ▇▇▇▇ Medical Systems Inc. Any right to participate in this Stock Plan shall not form part of your contractual benefits under this Agreement, and no compensation in respect of share options is payable on termination of employment, unless otherwise stated by the Stock Plan.
SHARE OPTION SCHEME. You are entitled to participate in Global Consolidated Aesthetics Ltd (GCAL) Equity Scheme (the “Equity Scheme”). All allocations are at the discretion of the board, you have been awarded 1.0% equity which will vest in accordance with the rules of the Equity Scheme over 42 months commencing 6 months after joining the Company.
SHARE OPTION SCHEME. 4.1. The Share Option Scheme is designed to provide a mechanism to attract and retain key talent and to increase employee and shareholder alignment through employee share ownership.
4.2. The directors may from time to time resolve to award options to any employees.
4.3. Options shall be awarded by delivery to the employee concerned of a letter in the form stipulated by the directors from time to time.