Stock Option Program Sample Clauses
The Stock Option Program clause establishes the terms under which employees or other stakeholders may be granted the right to purchase company stock at a predetermined price. Typically, this clause outlines eligibility criteria, vesting schedules, and the process for exercising options, such as how long an individual must remain with the company before options become exercisable. Its core function is to incentivize and retain key personnel by aligning their interests with the company's long-term success, while also providing a structured framework for equity participation.
POPULAR SAMPLE Copied 1 times
Stock Option Program. Employee shall be granted options under the Company's 1999 Stock Incentive Plan (the "Plan") to purchase nine hundred thousand (900,000) shares of common stock of the Company, as set forth in the Incentive Stock Option Agreement attached hereto as EXHIBIT A, which options shall vest in equal quarterly increments over a two year period.
Stock Option Program. Executive shall participate in and be entitled to benefits of the Company Stock Option Program.
Stock Option Program. Subject to approval of the Ford Compensation and Option Committee, Transferred Employees who are eligible to participate in the Ford 1998 Long-Term Incentive Plan or the Ford 1990 Long-Term Incentive Plan and who have outstanding options under such plans shall be treated as if they were released to join a successor employer, and accordingly, any outstanding option shall continue to be exercisable for five years following the Employment Date unless the option expires earlier.
Stock Option Program. You will be granted a non-qualified stock option(s) (“the Option”) to purchase an aggregate of 250,000 shares of the Company's common stock at an exercise price equal to the per share equivalent of the fair market value of the Company’s common stock on the date of grant as determined by the closing price of the Company’s common stock on NYSE MKT on the date of grant, or, if there is no such reported price on the date of grant, the closing price on the trading day on NYSE MKT first preceding the date of grant. The grant shall be made by the Board of Directors and the date of grant shall be set by the Board of Directors. Subject to the accelerated vesting provisions set forth herein, the Options shall vest as to one- fifth of the shares subject thereto one year from the grant date of such and shall vest ratably each year thereafter over the four (4) year period commencing on the first anniversary of the grant date of such Option, subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The Option shall be subject to the terms and conditions of the Company’s incentive stock plan and the Stock Option Agreement between Employee and the Company; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Option and this offer letter, the terms and conditions of this offer letter shall prevail.
Stock Option Program. In the event Employer adopts a management incentive Stock Option Program, Employee shall be eligible to participate in such Program provided that such participation shall be at the sole discretion of Employer's Board of Directors.
Stock Option Program. In addition to Base Salary, as part of the Executive’s overall compensation, the Executive will be eligible to participate in the Stock Option Plan (the “Plan”) of Radiant Logistics, Inc. (the “Parent”). As such, the Executive will initially be granted options (the “Options”) to purchase one hundred thousand (100,000) shares of the Parent's Common Stock (the “Shares”). For so long as the Executive remains continuously employed by the Company, the Options shall vest ratably over a five (5) year period with twenty percent (20%) of the Options becoming vested annually on the anniversary date of the Effective Date. All Options granted as of the Effective Date and thereafter, if any, shall at all times be subject to the terms and conditions of the Plan and the related award agreement. Additional options to purchase shares of the Parent’s Common Stock may be awarded from time to time at the sole discretion of the Company and the Parent. The price at which the Executive’s initial Options or any portion thereof, may be exercised, shall be fixed at the fair market value of the Parent’s Common Stock as of the Effective Date and shall be determined by the Parent in good faith and in accordance with Section 409A of the Internal Revenue Code and the Treasury Regulations issued thereunder.
Stock Option Program. Options awarded prior to April 9, 2002 will be canceled as of your effective date of retirement.
Stock Option Program. You will be granted one or more non-qualified stock option(s) (“the Options”) to purchase an aggregate of 250,000 shares of the Company's common stock at an exercise price equal to the per share equivalent of the fair market value of the Company’s common stock on the date of grant as determined by the closing price of the Company’s common stock on NYSE AMEX on the date of grant, or, if there is no such reported price on the date of grant, the closing price on the trading day on NYSE AMEX first preceding the date of grant. The grant shall be made by the Board of Directors and the date of grant shall be set by the Board of Directors. Options to purchase 150,000 shares of the Company’s common stock (“First Option”) shall be granted to you subject to a grant date as of the effective date of this offer letter (“Effective Date of Offer Letter”). Subject to the accelerated vesting provisions set forth herein, the First Option shall vest as to one- fifth of the shares subject thereto one year from the grant date of such First Option and shall vest ratably each year thereafter over the four (4) year period commencing on the first anniversary of the grant date of such First Option, subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The balance of the Options (“Second Option”) shall be granted to you as of the grant date corresponding to such earliest date that the Company secures stockholder approval for an amendment of its existing, or creation of a new, incentive stock option plan authorizing the issuance of additional stock options sufficient to at least cover such grant. Subject to the accelerated vesting provisions set forth herein, the Second Option shall vest as to one- fifth of the shares subject thereto one year from the Effective Date of Offer Letter and shall vest ratably each year thereafter over the four (4) year period commencing on the first anniversary of the Effective Date of Offer Letter, subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The First and Second Options shall be subject to the terms and conditions of the Company’s incentive stock plan in effect at the time of the grant and the Stock Option Agreement between Employee and the Company; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Option and this offer letter, the terms and conditions of this offer letter shall prevail...
Stock Option Program. As an existing employee you have been granted options to participate in the Company's stock option plan. The terms of these options will not change from those set out when granted. Additional options to purchase shares of the Company's common stock may be awarded from time to time at the Company's sole discretion.
Stock Option Program. On an annual basis, based upon overall company results, DII's Board of Directors shall approve a pool of stock options which are then allocated to the divisions based upon their performance and distributed at the business unit level by the General Manager in conjunction with Buyer's management.