Stock Option Rights Sample Clauses

Stock Option Rights. Stock options granted under the Plan give the Participants the right to purchase shares of the Company under the terms and conditions set forth in the Option Agreement.
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Stock Option Rights. Options under a nonstatutory stock option plan to be adopted by the Company in 2006 to purchase up to 350,000 shares of the common stock of the Company on the terms and conditions set forth in a Stock Option Agreement to be adopted by the parties.
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Stock Option Rights. (a) For so long as Executive remains a member of the Board, Executive shall continue to vest in all outstanding options to purchase Company common stock held by Executive (“Stock Options”).
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Stock Option Rights. As part of each Tranche A VSO and Tranche B VSO, the Company shall also grant a SOR. Each SOR shall represent the right, granted solely by the Company, to receive either (i) in the case of a Korean IPO, (A) a grant of an RSO subject to the terms and conditions of Section 5.2 and (B) a grant of a Korean IPO CAR subject to the terms and condition of Section 5.3, or (ii) in the case of a Non-Korean IPO, a Non-Korean IPO CAR subject to the terms and conditions of Section 5.4. SORs shall have unlimited duration while the Participant remains an employee of the Company except to the extent that the corresponding RSO is granted, in which case the SOR shall, on the Date of Grant of the RSO, be cancelled automatically without further action by any party and shall have no further force or effect. In addition, upon the grant of RSOs and Korean IPO CARs, no non-Korean IPO CARs shall be granted hereunder, and upon the grant of Non-Korean IPO CARs, no RSOs or Korean IPO CARs shall be granted hereunder. A Participant may receive more than one SOR, and the Award Certificate shall specify the number of SORs, if any, granted and the number of Shares that are covered by and that may be purchased pursuant to the corresponding RSOs. In the event of the Participant's termination of employment with the Company for any reason prior to the grant of RSOs, all SORs held by the Participant on the date of such termination shall be cancelled automatically on that date without further action required by the Committee, the Company or the Participant, and such SORs shall thereafter be of no further force or effect.
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Stock Option Rights. As of the later date of execution of this Agreement by each party, MBHC grants to Executive, in tandem with the grant of rights to so-called phantom stock specified elsewhere in this agreement, the right to purchase Stock of MBHC. The basis for any of such purchased stock value is set at 10 cents (.10). MBHC represents that it has the authority to grant Stock Option Rights and issue stock as of the date of execution by MBHC. MBHC will execute the usual and ordinary stock ownership certification in Executive's name or in the name Executive designates. The cumulative total units of the so-called phantom stock specified in this Agreement at 5.2 (2,000,000) and the Stock Options Rights specified here in 5.3 is 1,000,000 per calendar year. The exercise of a right to granted stock and/or a Stock Option Right will reduce the total stock units remaining subject to exercise by the amount so exercised. Except for the cumulative total calendar year limit, Executive may elect to exercise the right to granted stock or Stock Option Rights in any numerical combination. If a stock split or stock reversal is declared or enacted, Executive will maintain the right tot the same cumulative total units as specified in this Agreement regardless. The mounts exercised do not affect the 5,000,000 shares executive is entitled to in 5.1.
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Stock Option Rights. Upon termination of the Employment Agreement, all vested stock options previously granted to Horng under the CellStar Corporation Long-Term Incentive Plan shall be exercisable in accordance with the terms of the applicable Incentive Stock Option Agreements. Any unvested stock options shall forfeit to CellStar in accordance with the terms of the applicable Incentive Stock Option Agreements.
Sample 1
Stock Option Rights. Options under a nonstatutory stock option plan to be adopted by the Company in 2006 to purchase up to 350,000 shares of the common stock of the Company on the terms and conditions set forth in a Stock Option Agreement to be adopted by the parties. With regard to the above referenced Stock Option Agreement and any previous or subsequent Stock Option Agreements executed by the Company and the Executive, in the event that a “Change of Control”, as defined herein, occurs, notwithstanding the vesting schedule contained in any such Stock Option Agreement all options shall immediately vest upon a ‘Change of Control’ of the Company. The period of time within which any Options granted under any Stock Option Agreement may be exercised in the event of termination after a ‘Change in Control,’ shall be extended by not less than twelve (12) months after the Termination Date, but in any event, no later than the expiration date of all Options.
Sample 1
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Related to Stock Option Rights

  • Option Rights Except as provided below, the Option shall be valid for a term commencing on the Grant Date and ending 10 years after the Grant Date (the "EXPIRATION DATE").

  • 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.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 50,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • Stock Option The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth on Schedule A. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time prior to the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement. Schedule A sets forth the date or dates after which the Optionee may exercise all or part of the Stock Option, subject to the provisions of the Plan.

  • Stock Options With respect to the stock options (the “Stock Options”) granted pursuant to the stock-based compensation plans of the Company and its subsidiaries (the “Company Stock Plans”), (i) each Stock Option intended to qualify as an “incentive stock option” under Section 422 of the Code so qualifies, (ii) each grant of a Stock Option was duly authorized no later than the date on which the grant of such Stock Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required stockholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Stock Plans, the Exchange Act and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange and any other exchange on which Company securities are traded, and (iv) each such grant was properly accounted for in accordance with GAAP in the financial statements (including the related notes) of the Company and disclosed in the Company’s filings with the Commission in accordance with the Exchange Act and all other applicable laws. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Stock Options prior to, or otherwise coordinating the grant of Stock Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • Option Right Landlord hereby grants to the originally named Tenant herein (“Original Tenant”), and its “Permitted Assignees”, as that term is defined in Section 14.8, below, one (1) option to extend the Lease Term for a period of five (5) years (the “Option Term”), which option shall be irrevocably exercised only by written notice delivered by Tenant to Landlord not more than twelve (12) months nor less than nine (9) months prior to the expiration of the initial Lease Term, provided that the following conditions (the “Option Conditions”) are satisfied: (i) as of the date of delivery of such notice, Tenant is not in default under this Lease, after the expiration of any applicable notice and cure period; (ii) Tenant has not previously been in default under this Lease, after the expiration of any applicable notice and cure period, more than twice in the twelve (12) month period prior to the date of Tenant’s attempted exercise; and (iii) the Lease then remains in full force and effect. Landlord may, at Landlord’s option, exercised in Landlord’s sole and absolute discretion, waive any of the Option Conditions in which case the option, if otherwise properly exercised by Tenant, shall remain in full force and effect. Upon the proper exercise of such option to extend, and provided that Tenant satisfies all of the Option Conditions (except those, if any, which are waived by Landlord), the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years. The rights contained in this Section 2.2 shall be personal to Original Tenant and any Permitted Assignees, and may be exercised by Original Tenant or such Permitted Assignees (and not by any other assignee, sublessee or other “Transferee,” as that term is defined in Section 14.1 of this Lease, of Tenant’s interest in this Lease).

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

  • Incentive Stock Options If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares will be treated as long term capital gain for federal and California income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price.

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

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