Stock Options Restricted Shares. To the extent the Employer determines to award stock options, restricted shares or other similar consideration to management personnel based upon duration of employment or achieving performance targets, or both, the Employee shall be permitted to participate in such programs. For each Fiscal Year or part thereof during the Employment Period the Employee shall be eligible to earn as additional compensation for the services to be rendered by the Employee pursuant to this Agreement, long-term equity incentives in an amount equal up to one hundred and fifty percent (150%) of the Salary for such Fiscal Year (or such lesser (including zero) or greater percent of the Salary for such Fiscal Year as is recommended in good faith to the Committee by the Chief Executive Officer of the Employer and approved by the Committee).
Stock Options Restricted Shares. (a) If the Company completes an Initial Public Offering, on the date of such offering, Executive shall be granted a number of Restricted Shares in an amount up to 0.39% of the fully diluted outstanding shares of Common Stock measured at the time of the Initial Public Offering (the "IPO Restricted Shares") and Stock Options to purchase up to 0.90% of the fully diluted outstanding shares of Common Stock, measured as of the time of the Initial Public Offering (the "IPO Options").
Stock Options Restricted Shares. To the extent the Employer determines to award stock options, restricted shares or other similar consideration to management personnel based upon duration of employment or achieving performance targets, or both, the Executive shall be permitted to participate in such programs. For each Fiscal Year or part thereof during the Employment Period the Executive shall be eligible to earn as additional compensation (the “Long-Term Compensation”) for the services to be rendered by the Executive pursuant to this Agreement, long-term equity incentives in an amount approved by the Committee; provided that the Executive shall be eligible to earn Long-Term Compensation for services rendered by the Executive equal in value to $3,150,000 (or such lesser (including zero) or greater amount as is approved by the Committee).
Stock Options Restricted Shares. Pursuant to the Merger Agreement, as defined in Paragraph 19, Employee is to be provided with 6,400 restricted shares or 24,000 stock options or a combination of both. Employer will take all steps necessary to confirm that such forms of deferred compensation are promptly awarded to Employee after the execution of this Agreement based upon terms and conditions substantially similar to those included with awards made to other management employees holding positions similar to that of Employee with Employer or any affiliate of First Merchants Corporation.
Stock Options Restricted Shares. (i) As soon as practicable following the date of this Agreement, the Company agrees that the Board of Directors of the Company (or, if appropriate, any committee administering the Company Stock Plans) shall adopt such resolutions or take such other actions (including obtaining any required consents) as may be required to effect the following:
Stock Options Restricted Shares. To the extent the Employer determines to award stock options, restricted shares or other similar consideration to management personnel based upon duration of employment or achieving performance targets, or both, the Employee shall be permitted to participate in such programs. For each Fiscal Year or part thereof during the Employment Period the Employee shall be eligible to earn as additional compensation for the services to be rendered by the Employee pursuant to this Agreement, long-term equity incentives in an amount equal up to one hundred fifty percent (150%) of the Salary for such Fiscal Year (or such lesser (including zero) or greater percent of the Salary for such Fiscal Year as is recommended in good faith to the Committee by the Chief Executive Officer of the Employer and approved by the Committee). On the December 6, 2006 (the Employee’s first day of employment with the Employer), the Employee was granted (i) 100,000 stock options under the 2004 Stock Incentive Plan and (ii) in lieu of a 2007 option grant, additional stock options under the 2004 Stock Incentive Plan valued at $250,000, with all such options valued with reference to the closing market price on the December 6, 2006.
Stock Options Restricted Shares. Company acknowledges and agrees that Employee shall have a period of 90 days from the date of this Agreement to exercise the following stock option agreements:
Stock Options Restricted Shares. (a) Any stock options granted to the Executive that were outstanding as of March 30, 2000 and remain outstanding as of the Termination Date (i) to the extent unvested, shall immediately vest as of the Termination Date, and (ii) shall remain exercisable through the scheduled terms of the stock options.
Stock Options Restricted Shares. Xx. Xxxxxxxx holds options to purchase shares of Cascade Microtech, Inc. common stock (the “Options”). Provided Xx. Xxxxxxxx signs the Release attached to the Agreement as Exhibit A, as further consideration for this Agreement, Employer shall extend the date by which Xx. Xxxxxxxx must exercise the Options to the expiration date set forth in the applicable Option Agreement. Xx. Xxxxxxxx’x right to exercise an Option ends when the term of the Option expires. Except as expressly stated in this paragraph, Xx. Xxxxxxxx’x Options shall be governed by the terms and conditions of the applicable Option Agreement and Stock Incentive Plan pursuant to which the Options were granted. Xx. Xxxxxxxx also holds certain grants of Cascade Microtech, Inc. Restricted Stock Units (the “Shares”). The Shares shall be governed by the terms and conditions of the Restricted Stock Unit Agreement pursuant to which the Shares were granted.
Stock Options Restricted Shares
