Stock Option Program. Executive shall participate in and be entitled to benefits of the Company Stock Option Program.
Stock Option Program. Employee shall be granted options under the Company's 1999 Stock Incentive Plan (the "Plan") to purchase ____________ (________) 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. 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. 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.
Stock Option Program. On the Effective Date, you will be granted, a non-qualified stock option(s) (the “Option”) to purchase an aggregate of 200,000 shares of RLI's common stock at an exercise price equal to the fair market value of RLI’s common stock as of the date of grant as determined by the closing price of RLIs common stock on NYSE MKT on the last trading date prior to the Effective Date. The grant shall be made by the Board of Directors of RLI. 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 your continued full-time employment by the Company on the relevant vesting dates. The Option shall be subject to the terms and conditions of RLI’s incentive stock plan and the Stock Option Agreement to be entered into between you and RLI; 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. Executive will be eligible to participate in the Company’s stock option program. Subject to approval by the Company’s Board of Directors, the Company will grant to Executive an option to purchase 72,000 shares of the Company’s Common Stock (the “New Hire Option”) and if, within the first year of Executive’s employment, Executive ceases working the Reduced Schedule and converts to a full time employee, the Company will grant to Executive an option to purchase an additional 18,000 shares of the Company’s Common Stock (the “Additional New Hire Option” and, together with the New Hire Option, the “Options”). Both Options are subject to adjustment for stock splits, combinations, or other recapitalizations. The stock option exercise price shall be equal to the closing price as quoted on the NASDAQ stock exchange on the date of approval of the New Hire Option and, if applicable, the date of approval of the Additional New Hire Option, in either case by the Board of Directors. Each Option shall be issued pursuant to the Company’s 2014 Equity Incentive Plan, as amended, and will be subject to all of the terms and conditions set forth in such plan and the Stock Option Agreement covering the Option.
Stock Option Program. You shall be eligible to participate in the Company’s stock option program. You shall be granted an option to purchase 4,108,821 shares (the “Shares”) of the Company’s Common Stock (subject to adjustment for stock splits, combinations, or other recapitalizations) which will vest as to one-quarter (1/4) of the original number of Shares on the first anniversary of the date of grant and as to an additional one-forty-eighth (1/48th) of the original number of Shares at the end of each successive one-month period following the first anniversary your start date until the fourth anniversary of the date of grant. In the event that the company is acquired AND you are constructively terminated your vesting schedule shall accelerate by 1 year, or 25% of your total option grant. The option exercise price will be equal to the fair market value of a share of Common Stock on the date of grant of the option as determined by the Board. The option will be issued pursuant to a formal stock option plan to be established by the Company (which will contain such terms and conditions as the Board considers fit in its absolute discretion) and will be subject to all of the terms and conditions set forth in the such stock option plan and a stock option agreement (which will contain such further terms and conditions as the Board considers fit in its absolute discretion) covering the option, which must be executed to effect the grant of any option.
