Stock Incentive Program. Employee shall be entitled to participate in the Guaranty Bank and Trust Company, 1999 Stock Incentive Plan, and any successor plan.
Stock Incentive Program. In addition to new hire option grants and any other outstanding options that Executive may currently hold, Executive is eligible to participate in the Stock Incentive Program (the “Program”) whereby each year Executive may receive an option for up to that number shares of Company Common Stock (the “Option”), as determined by the board of directors of the Company. The number of shares awarded will be based solely on the Company’s achievement of business and other goals solely determined by the Board prior to the start of each fiscal year. Options earned under this Program will be granted no later than February following the close of the applicable fiscal year. Any Option granted pursuant to this Program will have a purchase price equal to the fair market value on the grant date, and shall be subject to the terms of incentive stock option agreement or a notice of stock option grant, as is appropriate. The Option will vest and become exercisable over a four (4) year vesting period such that 1/48 of the total number of Option shares will vest and become exercisable on each monthly anniversary. Vesting is contingent upon Executive’s continued employment with the Company.
Stock Incentive Program. At some point in the future, Employee may be entitled to participate in Eco's stock incentive program and would do so based on the terms and conditions as spelled out in the proposed Non-qualified Stock Option Plan, a copy has been provided to Employee. Employer and Eco reserve the right to amend or terminate such non-qualified Stock Option Plan, in their sole discretion.
Stock Incentive Program. The Executive is eligible to be granted stock based compensation in accordance with the terms and conditions of the KAL Energy Stock Incentive Plan Prospectus, as may be varied by The Company from time to time.
Stock Incentive Program. In addition to new hire option grants of 500,000 shares of Company Common Stock (the “Option”) , and any other outstanding options that Executive may currently hold, Executive is eligible to participate in the Company’s 2022 Equity Incentive Plan (the “Program”). The number of shares awarded will be based solely on the Company’s achievement of business and other goals solely determined by the Board prior to the start of each fiscal year. Options earned under this Program will be granted no later than February following the close of the applicable fiscal year. Any Option granted pursuant to this Program will have a purchase price equal to the fair market value on the grant date, and shall be subject to the terms of a notice of stock option grant. The Option will vest and become exercisable on the first anniversary date of this Agreement. Vesting is contingent upon Executive’s continued employment with the Company.
Stock Incentive Program. Employee shall be entitled to participate in Eco's stock incentive program and may do so in accordance with the terms and conditions spelled out in that certain Non-qualified Stock Option Plan effective October 1, 1995, a copy of which is attached hereto as Exhibit "A" and incorporated herein by this reference.
Stock Incentive Program. The Executive will be eligible to participate in the Company’s stock incentive program. Upon commencement of the Executive’s employment with the Company, the Company will grant to the Executive a nonstatutory stock option to purchase 218,000 shares of the Company’s Common Stock, which option is granted pursuant to the inducement grant exception under NASDAQ Rule 5635(c)[4] and not pursuant to the Company’s 2020 Stock Option and Incentive Plan (the “Plan”) or any equity incentive plan of the Company. The inducement grant shall have an exercise price equal to the closing price of the Company’s common stock on the Nasdaq Global Select Market on the Effective Date and shall vest over four years, with 25% of the original number of shares vesting on the first year anniversary of the Effective Date and the balance vesting in 36 equal monthly installments thereafter, and shall be subject to such other terms as are customary for the Company’s options under the Plan.
Stock Incentive Program. As an existing employee you have been granted equity pursuant to the Company’s Stock Incentive Plan. The terms of these equity grants will not change from those set out when granted. Additional equity may be awarded from time to time at the sole discretion of the Company.
Stock Incentive Program. In addition to new hire option grants and any other outstanding options that Executive may currently hold, Executive is eligible to participate in the Stock Incentive Program (the “Program”) whereby each year Executive may receive an option for up to eight hundred thousand (800,000) shares of Company Common Stock (the “Option”). The number of shares awarded, if any, will be based solely on the Company’s achievement of business and other goals solely determined by the Board prior to the start of each fiscal year. Options earned under this Program, if any, will be granted no later than February following the close of the applicable fiscal year. Any Option granted pursuant to this Program will have a purchase price equal to the fair market value on the grant date, and shall be subject to the terms of an incentive stock option agreement or a notice of stock option grant, as is appropriate. Vesting shall be contingent upon Executive’s continued employment with the Company.
Stock Incentive Program. Executive shall receive a non-qualified option to purchase 1,466,266 shares of common stock of the Company, 50% of which shall vest and become exercisable upon the earlier of (i) such time as the Company closes on a financing in which the Company receives net proceeds of not less than $30,000,000 and (ii) 120 days after an event of termination of Executive under this Agreement, and 50% of which shall vest and become exercisable one (1) year after the date of this Agreement, at a purchase price of $5.50 per share, which option shall terminate three years after the date of this Agreement (the “Option”). The Option shall otherwise be governed by the Company’s 2006 Stock Option Plan. Additionally, Executive is eligible to participate in the Company’s program to issued options to employees of the Company under 2006 Stock Option Plan (the “Program”), whereby each year options to Executive may be awarded based solely on the Company’s achievement of business and other goals solely determined by the Board prior to the start of each fiscal year. Options earned under this Program, if any, will be granted no later than February following the close of the applicable fiscal year. Any option granted pursuant to this Program will have a purchase price equal to not less than the fair market value on the grant date, and shall be subject to the terms of the Company’s 2006 Stock Option Plan. Vesting for any option granted by the Company is contingent upon Executive’s continued employment with the Company.
