Stock Option Programs Clause Samples
A Stock Option Programs clause outlines the terms under which employees or other stakeholders may be granted the right to purchase company stock at a predetermined price. Typically, this clause details eligibility, vesting schedules, exercise periods, and any conditions or restrictions on the options, such as performance milestones or continued employment requirements. Its core practical function is to incentivize and retain key personnel by aligning their interests with the long-term success of the company, while also providing a structured framework for equity participation.
Stock Option Programs. The Employee shall be eligible to participate in all stock option plans, which the Company may from time to time make available to the employees of the Company. The Employee shall be entitled to receive 15% of the total number of options granted each year by the Board of Directors of the Company to the employees of the Company. The Employee shall also make recommendations to the Board of Directors regarding the grant of stock options to other employees of the Company. All option grants will each vest over a period of years to be determined, consistent with the terms of the ASI stock option plan.
Stock Option Programs. The Company is party to several stock option programs for the members of the Management Board, members of management bodies of Affiliates of the Company and selected senior managers and employees of the Company and Affiliates of the Company, under which subscription rights for Company Shares are granted to the beneficiaries, which, subject to the achievement of certain performance targets and the expiry of a four (4)-year waiting period, entitle such beneficiaries to the subscription of Company Shares at a certain exercise price whereby one (1) Stock Option entitles the beneficiary to the subscription of one (1) Company Share (collectively, the “Stock Option Programs”).
Stock Option Programs. The Employee shall participate in all stock option plans which ASIG may from time to time make available to the senior executive employees of the Company. The Employee shall also make recommendations to the Executive Committee of ASIG regarding the grant of stock options to senior executive employees of the Company. In addition to the foregoing, the Employee shall have the option to purchase up to 39 shares of common stock of ASIG at a purchase price equal to 95% of the book value per share of ASIG common stock as of December 31, 1996. This option may be exercised, in whole or in part, by written notice to ASIG by the Employee with corresponding payment of the purchase price, at any time, and from time to time, until not later then March 7, 2002. The determination of the book value of ASIG and shall be made in accordance with generally accepted accounting principles for the insurance business consistently applied by the independent certified public accountants customarily used by ASIG and with the most recent actuarial reports from the independent actuarial consulting firm customarily used by ASIG. This option may be assigned by the Employee to an affiliated company or entity owned or controlled by the Employee.
Stock Option Programs. The Employee will receive an initial grant of 25,000 stock options issued and priced on the initial date of employment with the Company. Those options will be issued as part of the option grant approved by the Board of Directors at the June 2003 Board of Directors Meeting, which carry a five year cliff vesting provision. Thereafter, the Employee shall be eligible to participate in all stock option plans, which the Company may from time to time make available to the employees of the Company. The Employee shall also make recommendations to the Board of Directors regarding the grant of stock options to other employees of the Company. All option grants will each vest over a period of years to be determined, consistent with the terms of the ASI stock option plan.
Stock Option Programs. Nexell shall be responsible for --------------------- any and all payments, withholding and reporting obligations that arise on or after the Closing Date under terms of any stock option programs including payments, if any, which may be made by Nexell in its sole discretion, to settle option rights under such programs.