Stock Options and Other Equity Grants Sample Clauses

Stock Options and Other Equity Grants. During each year of the Employment Period, the Executive shall receive either (A) stock option grants pursuant to the Company's 1990 Equity Incentive Plan or any successor plan for each fiscal year ending during the Employment Period equal to the highest number and value to those granted to Executive for any of the three (3) fiscal years prior to the Effective Date (the "Stock Option / RSO Valuation"), or (B) if such Plan or Plans do not exist, then an amount in cash equal to the Stock Option / RSO Valuation Amount. In addition, during the Employment Period, the Executive shall receive restricted stock grants pursuant to the Company's 1990 Equity Incentive Plan or any successor plan for each fiscal year during the Employment Period equal to the highest number and value to those granted to Executive for any of the three (3) fiscal years prior to the Effective Date (the "Stock Option / RSO Valuation"), or (B) if such Plan or Plans do not exist, then an amount in cash equal to the Stock Option / RSO Valuation Amount.
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Stock Options and Other Equity Grants. The company shall grant to Executive certain irrevocable five year options ("Plan Options") for the purchase of an aggregate of 1,500,000 shares of the Company's common stock ("Common Stock") at 110% of the twenty day weighted average stock price on the Agreement Date (currently $0.23 per share). The Plan Options shall vest 750,000 upon date of signature of the Operating Agreement, 375,000 on the six month anniversary of the Operating Agreement and 375,000 on the first anniversary (regardless of whether a Triggering Event has occurred). The maximum number of such options as permitted by law shall be Incentive Stock Options ("ISOs") and the remainder shall be Non-statutory Stock Options ("NSOs"). Any future options or equity grants to Executive shall be subject to (i) such action being lawfully permitted, (ii) evaluation of the performance of Executive by the Compensation Committee, and (iii) in the reasonable determination of the Compensation Committee, not detrimental to the Company or its shareholders in any significant manner. The grant and exercisability of the options described in this Section 8 shall be pursuant and subject to: (a) the terms and conditions contained in any Company stock option plan then maintained by the Company, as such plan may be amended from time to time in the Company's sole discretion ("Option Plan"); and (b) the terms and conditions of a definitive Stock Option Agreement (the "Option Agreement") to be entered into as of the date of grant between the parties pursuant to the Option Plan that will set forth all of the rights, duties and obligations regarding such options.
Sample 1
Stock Options and Other Equity Grants. During the Employment Period, the Executive shall receive stock option grants pursuant to the Company's 1990 Equity Incentive Plan or any successor plan for each fiscal year ending during the Employment Period on the same basis as those provided to other peer executives of the Company for each such fiscal year. In addition, during the Employment Period, the Executive shall receive restricted stock grants pursuant to the Company's 1990 Equity Incentive Plan or any successor plan for each fiscal year during the Employment Period on the same basis as those provided to other peer executives of the Company for each such fiscal year.
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Stock Options and Other Equity Grants. In the event of the Executive’s Termination Upon Change of Control, then all outstanding stock options and any other then unvested or restricted equity grant then held by the Executive (other than any grants the vesting of which is contingent upon specified performance criteria being met) that by their original terms would have become vested or exercisable, or upon which the restrictions would have lapsed, within two years following the Termination Upon Change of Control, shall have their vesting or exercisability accelerated and any restrictions thereon shall lapse, such that (a) 100% of all shares subject to each of the Executive’s options that by their original terms would have become vested or exercisable within two years following the Termination Upon Change of Control, shall fully vest and become exercisable and shall remain so exercisable in accordance with their terms, and (b) 100% of all shares of each of the Executive’s other equity grants that by their original terms would have become vested and the restrictions thereon would have lapsed within two years following the Termination Upon Change of Control, shall vest and all restrictions thereon shall lapse. If the Termination Upon Change of Control is such that the Termination Date occurs during the period commencing on or after the date that the Company first publicly announces a definitive agreement designed to result in a Change of Control, then all outstanding stock options and any other then unvested or restricted equity grant then held by the Executive shall remain in effect and not be cancelled until such time as (i) the Change of Control occurs, in which case such options and other unvested or restricted equity grants shall be treated as described in the first sentence of this Section 2.3; or (ii) the definitive agreement is terminated prior to the Change of Control, in which case the options and other unvested or restricted equity grants will terminate and be forfeited on the date of the termination of the definitive agreement; provided, however, that in no event may any options remain outstanding after the applicable expiration date of the option. Notwithstanding the foregoing, with regard to any equity grant the vesting of which is contingent upon specified performance criteria being met, the effect of the Executive's Termination Upon Change of Control shall be determined pursuant to the specific provisions of the applicable award agreement.
Sample 1

Related to Stock Options and Other Equity Grants

  • Equity Grants The Employee shall be granted as soon as practicable on or after the Effective Date, a stock option to purchase 734,900 shares of the Company’s common stock (the “Option”) (which option shall be issued as an incentive stock option to the maximum extent allowed under Section 422 of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the “Code”)) pursuant to the Company’s 2011 Employee, Director and Consultant Equity Incentive Plan (the “Plan”). The Option shall be granted with an exercise price equal to the fair market value of the Company’s common stock on the date of grant. Twenty-Five percent (25%) of the Option shall be vested one year from the Effective Date and the remaining portion of such Option shall vest in equal monthly installments over a thirty-six (36) month period commencing on the first day of the month one year following the Effective Date, subject to continued employment by the Company. Notwithstanding the foregoing, in connection with a Change of Control (as defined in the Plan) or if a termination of the Employee occurs within two (2) months prior thereto, then the vesting of all equity then owned by the Employee shall accelerate with respect to one hundred percent (100%) of the unvested shares. In lieu of the Option at the request of the Employee, the Company shall issue restricted common stock. Restricted common stock will be issued at par value. If the equity to be issued is restricted common stock and not stock options, the number of shares of restricted common stock to be issued shall be calculated by determining the black scholes value of the grant as if it had been issued solely as stock options and dividing such number by the then current fair market value of the Company’s common stock so as to provide no additional benefit to the Employee for the non-payment of the exercise price. The Employee acknowledges and agrees that effective as of the date of the grant of the equity as set forth in the preceding paragraph, option agreement No. SP-0040 granted by the Company to the Employee as of April 30, 2011 shall be terminated and of no further force and effect. The Company acknowledges that any other options previously granted to the Employee that vest based upon the Employee providing consulting services to the Company shall continue to vest upon its terms as long as the Employee is providing services as a director, consultant or employee of the Company and that the definition of “cause” applicable to all such option agreements shall be the definition set forth herein and not as set forth in the 2008 Stock Incentive Plan.

  • Specific Performance and other Equitable Rights It is recognized and acknowledged that a breach by any party of any material obligations contained in this Agreement will cause the other party to sustain injury for which it would not have an adequate remedy at law for money damages. Accordingly, in the event of any such breach, any aggrieved party shall be entitled to the remedy of specific performance of such obligations and interlocutory, preliminary and permanent injunctive and other equitable relief in addition to any other remedy to which it may be entitled, at law or in equity.

  • 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.

  • Stock Appreciation Rights The Grantee or other person entitled to exercise this Option is further hereby granted the right ("Stock Appreciation Right") in lieu of exercising this Option or any portion thereof to receive an amount equal to the lesser of (a) the excess of the Fair Market Value of the stock subject to this Option or such portion thereof over the aggregate exercise price for such shares hereunder as of the date the Stock Appreciation Right is exercised, or (b) 200% of the aggregate exercise price for such shares hereunder. The amount payable upon exercise of such Stock Appreciation Right may be settled by payment in cash or in shares of the class then subject to this Option valued on the basis of their Fair Market Value on the date Stock Appreciation Right is exercised, or in a combination of cash and such shares so valued. No Stock Appreciation Right may be exercised, in whole or in part, (i) other than in connection with the contemporaneous surrender without exercise of this Option or the portion thereof that corresponds to the portion of the Stock Appreciation Right being exercised, or (ii) except to the extent that this Option or such portion thereof is exercisable on the date of exercise of the Stock Appreciation Right by the Person exercising the Stock Appreciation Right, or (iii) unless the class of stock then subject to this Option is then Publicly Traded.

  • Stock Grants You may receive stock awards under an equity incentive compensation plan of Tyson then in effect (if any), on terms and in amounts consistent with those provided to other employees in your Band, subject to the discretion of the senior management of Tyson.

  • Stock-Based Awards The vesting of any stock-based compensation awards which constitute Section 409A Deferred Compensation and are held by the Executive, if the Executive is a Specified Employee, shall be accelerated in accordance with this Agreement to the extent applicable; provided, however, that the payment in settlement of any such awards shall occur on the Delayed Payment Date. Any stock based compensation which vests and becomes payable upon a Change in Control in accordance with Section 8(e)(i) shall not be subject to this Section 22(d).

  • Restricted Stock Awards Each Restricted Stock Award shall be evidenced by a Restricted Stock Award Agreement, which shall comply with and be subject to the following terms and conditions:

  • Equity Awards “Equity Awards” will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Equity-Based Awards For each calendar year during the Term, the Executive shall be eligible to participate in and receive equity-based awards under the Company’s 2014 Stock Incentive Plan, and any and all successor or replacement plans as may be determined by the Board or the Committee (collectively, “Incentive Plan”).

  • Stock Awards “Stock Awards” means all stock options, restricted stock and such other awards granted pursuant to the Company’s stock option and equity incentive award plans or agreements and any shares of stock issued upon exercise thereof.

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