Stock Options Grant Sample Clauses

Stock Options Grant. The Company grants the Executive one million five hundred thousand (1,500,000) stock options (the “Stock Options”) entitling the Executive to purchase shares of common stock of the Company, on a cashless basis during the term of employment and non cashless if executive is no longer employed with the company (the “Stock Option Shares”). Upon each anniversary of the Effective Date, for a period of three years (3), if the Executive has been continuously employed by Company, for the entire Term, one-third (1/3) of stated shares shall vest to the Executive on month 12, 24, and 36. The specific terms and conditions of such Stock Options shall be set forth in a separate written Stock Option Agreement. The Exercise price shall be the 30-day VWAP, as posted on the Bloomberg, to be set on the Effective Date.
Sample 1
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Stock Options Grant. In the event that the Company or its successor-in-interest consummates an Equity Transaction on or prior to April 1, 2010 and the Company or its successor-in-interest adopts a stock option plan for the benefit of management, then the Company or its successor-in-interest shall promptly grant to Executive twenty-four and seventy one hundredths percent (24.70%) of the total employee stock options pool or common stock pool authorized under such plan and subject to the other terms and conditions of such plan (the “Stock Options”), which Stock Options shall vest as follows: (i) 20% of the Stock Options shall vest on the first anniversary of the grant date, (ii) 20% of the Stock Options shall vest on the second anniversary of the grant date, (iii) 20% of the Stock Options shall vest on the third anniversary of the grant date, (iv) 20% of the Stock Options shall vest on the fourth anniversary of the grant date and (v) the remaining 20% of the Stock Options shall vest on the fifth anniversary of the grant date; provided, however, that vesting shall cease if the Executive’s employment terminates for any reason and for such other reasons as may be set forth in the stock option plan.
Sample 1
Stock Options Grant. Employee is hereby granted options exercisable for a period of five years to purchase five hundred thousand (500,000) shares of the Employer's common stock at an exercise price $.10 per share (current market value as of the date hereof). The options shall be fully vested as of the date of this grant. Employer shall use its best efforts to register the common shares underlying the options grant within ninety (90) days of the date of this Agreement. Should the Employee terminate his employment with the Employer during the term of this Agreement or should his employment be terminated, the Employee shall have a period of one hundred eighty (180) days to exercise his options or they shall expire.
Sample 1Sample 2
Stock Options Grant. At the time Xxxxx begins his employment on January 2, 2007, he will be awarded a stock option grant of 25,000 shares under ISS’s stock option plan. Such options will vest at the rate of 25% at each of the four anniversaries following Xxxxx’x date of hire. Pursuant to ISS’s stock option plan, such options may be exercised within six years after the date of the grant (January 2, 2007). Also pursuant to ISS’s stock option plan, vested options must be exercised within 90 days of termination from employment, for whatever reason. Unvested options will vest immediately upon a Change In Control and must be exercised within 90 days.
Sample 1
Stock Options Grant. GST will grant Executive stock options subject to the following conditions: 3.4.1 GST will grant Executive options to purchase up to One Million (1,000,000) GST Common Shares at an exercise price equal to the Fair Market Value of the shares on January 11, 1999. Such options shall be granted upon Executive's execution of this Agreement. 3.4.2 Options shall vest as follows: (i) 25% of the 1,000,000 shares subject to the option shall vest on the first anniversary date of this Agreement, (ii) 1/36th of the 1,000,000 shares subject to the option shall vest on the completion of each full calendar month following the date of this Agreement; provided, however, any and all unvested options granted pursuant to this Section 3.4 shall vest and become immediately exercisable upon a Change in Control; only if (i) in the event of such Change of Control, Executive does not receive substituted options with substantially the same benefits as those provided herein; and (ii) if such acceleration does not cause, either with or without any other transaction, an inability of a Change of Control transaction to be accounted for as a pooling of interest, if applicable or desired. 3.4.3 The options granted pursuant to this Section 3.4 are subject to the terms and conditions of any applicable Stock Option Plan designated by GST as a source of shares to comply with Section 3.4 herein. 3.5
Sample 1
Stock Options Grant. ADC will recommend to the Compensation and Organization Committee of the Board of Directors that as of the Effective Date, an option be granted to Xxxxx to purchase one hundred fifty thousand (150,000) shares of ADC's common stock, subject to and in accordance with the terms of the ADC 1991 Stock Incentive Plan (the "Plan") and a Nonqualified Stock Option Agreement (the "Option Agreement") to be entered into by Xxxxx and ADC, in the form attached hereto as Exhibit A. Such option would have an exercise price per share equal to the fair market value of ADC Common Stock on November 1, 2001 as determined in accordance with the Plan.
Sample 1
Stock Options Grant. Promptly following the execution of this Agreement and subject to the approval of the Board of Directors and the stockholders of the Corporation the Corporation will grant Executive pursuant to Corporation's 1999 Stock Incentive Plan (U.S.) or 1999 Stock Incentive Plan (Non-U.S.) (the "Plans"), as applicable, a stock option (the "Option") to purchase 175,000 shares of Corporation's Common Stock, subject to the terms and conditions stated in the stock option agreement relating thereto at an exercise price of $5.00 per share.
Sample 1
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Stock Options Grant. Employee shall be eligible to receive stock ------------------- options for the purchase of NSI Common Stock in accordance with the terms and conditions of the NSI 1993 Stock Incentive Plan, as amended and restated October 25, 1995, with such additional terms and conditions of the Board as determined in accordance therewith. The initial stock option grant to Employee following execution of this Agreement shall be for 40,000 shares of NSI Common Stock, which shall be exercisable at a purchase price of $4.00 per share and which will vest over a four (4) year period, becoming exercisable at a rate of 25% per year as of July 28th of each year (i.e., 25% will become exercisable on July 28, 1998 and an additional 25% each year thereafter until fully vested on July 28, 2001); the amount of grant eligibility in subsequent years shall be determined by the Board upon renewal of this Agreement.
Sample 1

Related to Stock Options Grant

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

  • 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.

  • 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 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.

  • Employee Stock Options (a) At the Effective Time, each Eligible Stock Option that is then outstanding under the Company Option Plan, whether vested or unvested, shall be assumed by Parent in accordance with the terms (as in effect as of the date of this Agreement) of the Company Option Plan and the stock option agreement by which such Eligible Stock Option is evidenced. All rights with respect to Company Common Stock under outstanding Eligible Stock Options shall thereupon be converted into rights with respect to Parent Common Stock. Accordingly, from and after the Effective Time, (a) each Eligible Stock Option assumed by Parent may be exercised solely for shares of Parent Common Stock, (b) the number of shares of Parent Common Stock subject to each such assumed Eligible Stock Option shall be equal to the number of shares of Company Common Stock that were subject to such Eligible Stock Option immediately prior to the Effective Time multiplied by the Exchange Ratio, rounded down to the nearest whole number of shares of Parent Common Stock, (c) the per share exercise price for the Parent Common Stock issuable upon exercise of each such assumed Eligible Stock Option shall be determined by dividing the exercise price per share of Company Common Stock subject to such Eligible Stock Option, as in effect immediately prior to the Effective Time, by the Exchange Ratio, and rounding the resulting exercise price up to the nearest whole cent, and (d) all restrictions on the exercise of each such assumed Eligible Stock Option shall continue in full force and effect, and the term, exercisability, vesting schedule and other provisions of such Eligible Stock Option shall otherwise remain unchanged; provided, however, that each such assumed Eligible Stock Option shall, in accordance with its terms, be subject to further adjustment as appropriate to reflect any stock split, reverse stock split, stock dividend, recapitalization or other similar transaction effected by Parent after the Effective Time. The Company and Parent shall take all action that may be necessary (under the Company Option Plan and otherwise) to effectuate the provisions of this Section 1.6.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

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