Stock Grant and Options Sample Clauses

Stock Grant and Options. The Employee shall be entitled to participate in a Board approved stock option incentive program that is now or may become applicable to the Company's executive employees.
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Stock Grant and Options. As a material inducement to Executive's entering into this Agreement, the Board has granted to the Executive on the Commencement Date, an award of 90,000 Restricted Stock Units, each such Unit representing the right to receive, subject to vesting, at the times provided for herein one share of the Common Stock of the Company (the "Restricted Stock Unit Award"). In addition, the Company shall pay to the Executive dividend equivalent amounts with respect to the Restricted Stock Units at the time and in the amount of any dividend distributions paid with respect to shares of Common Stock. The number of shares of Common Stock underlying vested Restricted Stock Units shall be delivered to the Executive upon the earlier of (i) the termination of Executive's employment for any reason and (ii) the third anniversary of the Commencement Date (provided that Executive shall be permitted to elect to defer delivery of all or a portion of such shares by written notice specifying a deferred delivery date(s) sent to the Company not later than the second anniversary of the Commencement Date (or such other dates as the Company and Executive shall determine)). The Restricted Stock Units, which shall be in addition to and not in lieu of any options that would otherwise be granted to Executive under any compensation program referred to in Section 3(b), shall vest as follows: 34,000 shares Commencement Date 28,000 shares February 1, 2000 28,000 shares February 1, 2001 or, if earlier, on the date of any termination without Cause (as hereinafter defined) or any termination by Executive for Good Reason (as defined in Section 6(b)) and shall otherwise be subject to Company's standard terms of grant.
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Stock Grant and Options. The Executive will receive, as part of his annual compensation for his services the following annual stock grant and options:
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Stock Grant and Options. Xxxxxxxx shall receive a one-time grant of incentive options to purchase 150,000 shares of the Company's common stock a price of $0.55 per share, which grants shall be awarded immediately as a signing bonus under this compensation plan. The common stock underlying these options represents15% of the total issued and outstanding common stock of Bravo! on a fully diluted basis, as of the date of the option grant. These options shall be exercisable immediately and for a five year period ending June 30, 2005. These options shall be governed by a separate Incentive Stock Option Agreement between Xxxxxxxx and the Company.
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Stock Grant and Options. The Executive will receive a grant of 50,000 shares of Frontier Oilfield Services, Inc as a sign on bonus for his services as President of Trinity Disposal and Trucking, LLC. In addition, as part of his annual compensation for his services the following amlual stock grant and options:
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Stock Grant and Options. On January 2, 2006 the Company shall grant to Executive, from the US Global Nanospace, Inc. Amended and Restated 2002 Stock Plan (the "Plan"), a stock bonus under Section 8 of the Plan of one million (1,000,000) shares of Common Stock. The Company agrees that it shall increase the number of shares in the Plan or adopt a new employee equity incentive plan that will include at least four million (4,000,000) shares of Common Stock, and shall register such shares on a Form S-8 registration statement filed with the Securities and Exchange Commission, as soon as commercially practicable after the date of this Agreement. On the date that the Company increases the number of shares of Common Stock in the Plan or, alternatively, adopts a new employee equity incentive plan, the Company shall grant to Executive, from the Plan or from the newly adopted employee equity incentive plan, an option to purchase 4,000,000 shares of Common Stock. The per share exercise price will be no less than 85% of the last trading price of the Common Stock on the date that the grant is made. The option shall have a term of seven years. The option shall vest as follows:
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Stock Grant and Options. On or about January 7, 2006 the Company shall grant and issue to Executive one million (1,000,000) restricted shares of common stock, to vest in equal monthly installments on the last day of each calendar month during the initial Term. In addition, the Company agrees that it shall increase the number of shares in its Amended and Restated 2002 Stock Plan (the "Plan") or adopt a new equity incentive plan that will include at least six million five hundred thousand (6,500,000) shares of Common Stock, and shall register such shares on a Form S-8 registration statement filed with the Securities and Exchange Commission, as soon as commercially practicable after the date of this Agreement. On the date that the Company increases the number of shares of Common Stock in the Plan or, alternatively, adopts a new equity incentive plan, the Company shall grant to Executive, from the Plan or from the newly adopted equity incentive plan, an option to purchase two million five hundred thousand (2,500,000) shares of Common Stock. The per share exercise price will be no less than 85% of the last trading price of the Common Stock on the date that the grant is made. The option shall have a term of seven years. The option shall vest as follows:
Sample 1
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Stock Grant and Options. Upon execution of this Agreement, DSSI shall issue to the Executive or his designees, which may include one or more trusts, under the Company' 1994 Stock Incentive Plan, (i) 100,000 shares of the common stock of DSSI, as well as an additional 95,000 shares which shall vest in accordance with the following schedule: ------------------------------------------------------------------- Vesting Date Number of Shares ------------------------------------------------------------------- 2nd Year Anniversary of the Date Hereof 31,666 ------------------------------------------------------------------- 3rd Year Anniversary of the Date Hereof 31,667 ------------------------------------------------------------------- 4th Year Anniversary of the Date Hereof 31,667 ------------------------------------------------------------------- and (ii) options (the "Options") to purchase 305,000 shares of the common stock of DSSI in accordance with the 1994 Stock Incentive Plan, and subject to the following vesting schedule: -------------------------------------------------------------------- Vesting Date Number of Options -------------------------------------------------------------------- 24 Month Anniversary of the Date Hereof 105,000 -------------------------------------------------------------------- 30 Month Anniversary of the Date Hereof 100,000 -------------------------------------------------------------------- 42 Month Anniversary of the Date Hereof 100,000 -------------------------------------------------------------------- The Options shall expire on January 1, 2014 subject to earlier termination upon termination of employment of the Executive, in which event the Options shall terminate no earlier than twelve (12) months subsequent to the termination of employment of the Executive, other than in the event of a Termination for Cause (as defined in Section 7 hereof), in which event the Options shall terminate three (3) months subsequent to the termination of employment of the Executive. In the event of a Change of Control (as defined in Section 6(c) all stock grants and option grants pursuant to this Section 5(f) shall become immediately fully vested.
Sample 1
Stock Grant and Options. Upon the date of execution of this Agreement, Employee shall receive a grant of 100,000 shares of the Company's common stock, which shares shall vest in Employee as follows: the first 34,000 shares shall vest on November 21, 1997, the second 33,000 shares shall vest on November 21, 1998, and the last 33,000 shares shall vest on November 21, 1999. In addition, upon the date of execution of this Agreement the Company shall cause to be granted to Employee, under the Company's 1994 Stock Option Plan, options with respect to 300,000 shares of Company stock, each such option to be exercisable at a price of $7.75 per share and to vest at the rate of 100,000 shares per year at the same times as the Company stock granted to Employee shall vest. To the maximum extent permitted by law, such options shall be incentive stock options, within the meaning of section 422 of the Internal Revenue Code of 1986. as amended.
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Related to Stock Grant and Options

  • Stock Grants You may receive stock awards under an equity incentive compensation plan of Tyson then in effect (if any), on terms and in amounts consistent with those provided to other employees in your Band, subject to the discretion of the senior management of Tyson.

  • Stock Grant Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company grants to the Employee _________ shares of the common stock of the Company, subject to the terms and conditions and restrictions set forth below. If at any time while this Agreement is in effect (or shares of common stock granted hereunder shall be or remain unvested while Employee’s employment continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such shares, then the Committee shall make any adjustments it deems fair and appropriate (in view of such change) in the number of shares of common stock then subject to this Agreement. If any such adjustment shall result in a fractional share, such fraction shall be disregarded.

  • Restricted Stock Grant As a member of Employer’s senior management team, Employee will be eligible for annual Restricted Stock Grants pursuant to Anaren’s 2004 Comprehensive Long Term Incentive Plan, as amended (“2004 Plan”) equal in value to 22% of his Base Salary for the respective year. Restrictive Stock Grants will be made annually at the same time other Restricted Stock Grants are made by Anaren to its senior management team, provided Employee is employed with Employer on that date. All Restricted Stock grants issued pursuant to this provision will be subject to the terms of the 2004 Plan, including, but not limited to, a thirty-six (36) month forfeiture provision. Notwithstanding anything to the contrary, in the event Employee’s employment concludes on or after the expiration of the Period of Employment, Employee shall be entitled if the forfeiture period has not otherwise lapsed only to a pro rata portion of each unvested Restricted Stock Grant based on the number of months employed by Employer from the date of grant to the expiration of the Period of Employment date. In the way of example, if Employee has been employed for 18 months of the 36 month forfeiture period at the end of his Period of Employment, he will receive 50% of the Restricted Shares granted. If Employee remains employed by Employer on a full time basis (30 hours or more per week) after the Period of Employment as an at-will Employee, all previously issued restricted stock shall continue to vest in accordance with the terms of the 2004 Plan.

  • Grant and Exercise of Option Provided that (i) no default has occurred and is then continuing (ii) the creditworthiness of Tenant is then reasonably acceptable to Landlord and (iii) Tenant originally named herein or a Permitted Transferee remains in possession of and has been continuously operating in the entire Leased Premises throughout the term immediately preceding the Extension Term (as defined below), Tenant shall have the option to extend the Lease Term for two (2) additional periods of five (5) years each (the “Extension Term(s)”). Each Extension Term shall be upon the same terms and conditions contained in the Lease except (x) this provision giving two (2) extension options shall be amended to reflect the remaining options to extend, if any, and (y) any improvement allowances or other concessions applicable to the Leased Premises under the Lease shall not apply to the Extension Term, and (z) the Minimum Annual Rent shall be adjusted as set forth below (the “Rent Adjustment”). Tenant shall exercise each option by (i) delivering to Landlord, no later than six (6) months prior to the expiration of the preceding term, written notice of Tenant’s desire to extend the Lease Term. Tenant’s failure to timely exercise such option shall be deemed a waiver of such option and any succeeding option. Landlord shall notify Tenant of the amount of the Rent Adjustment no later than ninety (90) days prior to the commencement of the Extension Term. Tenant shall be deemed to have accepted the Rent Adjustment if it fails to deliver to Landlord a written objection thereto within five (5) business days after receipt thereof. If Tenant properly exercises its option to extend, Landlord and Tenant shall execute an amendment to the Lease (or, at Landlord’s option, a new lease on the form then in use for the Building) reflecting the terms and conditions of the Extension Term within thirty (30) days after Tenant’s acceptance (or deemed acceptance) of the Rent Adjustment.

  • 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.

  • Restricted Stock and Stock Options Employer shall cause the Compensation Committee of the Board of Directors of Employer to review whether Employee should be granted shares of restricted stock and/or options to purchase shares of common stock of CBSI. Such review may be conducted pursuant to the terms of the Community Bank System, Inc. 2014 Long-Term Incentive Plan, a successor plan, or independently, as the Compensation Committee shall determine. Reviews shall be conducted no less frequently than annually.

  • Option Awards The Company represents and warrants to the Executive that all shares issued pursuant to any equity award granted to the Executive by the Company, upon issuance to the Executive, will be duly authorized, fully paid and non-assessable. A sufficient number of shares for each such equity award will be properly reserved.

  • 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”).

  • Option Grants During the Employment Period, Executive shall be eligible to participate in the Instinet 2000 Stock Option Plan (as the same may be amended and in effect from time to time, the "2000 Option Plan") and any subsequent stock option plan maintained by the Company for its senior executives, subject to the review and approval of the Compensation Committee. The terms and conditions of all options to purchase shares of common stock granted to Executive under the 2000 Option Plan or under any prior or subsequent stock option plan maintained by the Company or its Affiliates (including any options granted to Executive prior to the Commencement Date) (collectively, the "Options"), including the grant, vesting, exercise, payment and all other terms of such Options, shall be governed by the terms of the stock option plan under which such Options were granted, as such plan or plans may be amended and in effect from time to time.

  • Stock and Stock Options Subject to vesting, as set forth on Exhibit B, the Company will issue to Director stock and options as set forth and described on Exhibit B. Company shall issue said stock and options within sixty (60) days from the execution of this Agreement by both parties.

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