Share Option. Subject to approval by the Board, the Company will grant to Director, pursuant to the Company’s 2010 Share Incentive Plan (the “Plan”) an option (the “Option”) to purchase shares of ordinary shares of a par value of US$0.00002 each of the Company at an exercise price per share equal to the price for the Company’s ordinary shares in the Company’s initial public offering, subject to the approval by the Board. The Option shall vest over a three- year period after the Effective Date pursuant to the terms of the option agreement between the Company and Director (the “Option Agreement”), with such vesting subject to Director’s continuous service as a member of the Board. The Option shall in all respects be subject to the terms and conditions of the Plan and the Option Agreement. Unvested Option will expire upon Termination (as defined below).
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Share Option. Subject to approval by the Board, the Company will grant to Director, pursuant to the Company’s 2010 Share Incentive Plan (the “Plan”) an option (the “Option”) to purchase 30,000 shares of ordinary shares Ordinary Shares of a par value of US$0.00002 0.0001 each of the Company at an exercise price per share equal to the price for the Company’s ordinary shares share in the Company’s initial public offering, subject to the approval by the Board. The Option shall vest over a three- four-year period after the Effective Date pursuant to the terms of the option agreement between the Company and Director (the “Option Agreement”), with such vesting subject to Director’s continuous service as a member of the Board. The Option shall in all respects be subject to the terms and conditions of the Plan and the Option Agreement. Unvested Option will expire upon Termination (as defined below).
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Share Option. Subject to approval by the Board, the Company will grant to Director, pursuant to the Company’s 2010 Share Incentive Plan (the “Plan”) an option (the “Option”) to purchase [ ] shares of ordinary shares Common Shares of a par value of US$0.00002 0.00005 each of the Company at an exercise price per share equal to the price for the Company’s ordinary shares Common Share in the Company’s initial public offering, subject to the approval by the Board. The Option shall vest over a three- four-year period after the Effective Date pursuant to the terms of the option agreement between the Company and Director (the “Option Agreement”), with such vesting subject to Director’s continuous service as a member of the Board. The Option shall in all respects be subject to the terms and conditions of the Plan and the Option Agreement. Unvested Option will expire upon Termination (as defined below).
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Sources: Director Agreement (SKY-MOBI LTD)