Stock Options; SARs Sample Clauses

Stock Options; SARs. Prior to the Effective Time, the parties to this Agreement shall take all such actions as shall be necessary to effectuate the provisions of Sections 3.4(a) and 3.4(b).
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Stock Options; SARs. (a) At or immediately prior to the Effective Time, each then outstanding Company Stock Option (as defined in Section 3.2) and each then outstanding stock appreciation right with respect to shares of capital stock of the Company (in each case, an "SAR"), whether or not then vested or exercisable, shall be canceled by the Company. In consideration of such cancellation of Company Stock Options and SARs with an exercise price of less than the Offer Price, the Company (or, at Parent's option, Acquisition) shall pay to such holders of Company Stock Options and SARs an amount in respect thereof equal to the product of (i) the excess of the Offer Price over the exercise price of each such Company Stock Option or SAR, as applicable, and (ii) the number of Shares previously subject to such Company Stock Option or SAR, as applicable, immediately prior to its cancellation (such payment to be net of withholding taxes and without interest). The amounts payable pursuant to this Section 2.11 shall be paid as soon as practicable following the Closing Date.
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Stock Options; SARs. (a) Subject to Section 4.3(d) hereof, the Company hereby agrees to cause the issuance to Employee of stock options ("Stock Options") to purchase 100,000 shares of common stock, $.01 par value, of the Company ("Common Stock") on the date of this Agreement. The Company also hereby agrees to cause the award to Employee of stock appreciation rights ("SARs") relating to 40,000 shares of Common Stock, effective on the first day of the 2000 Fiscal Year. Grants of Stock Options and SARs to Employee shall be considered by the Committee on or before April 1 of each year during the Term, with such reviews to commence in 2000, and shall be subject to grant in the sole discretion of the Committee, taking into account merit, corporate and individual performance and general business conditions. All such Stock Options shall be issued pursuant to, and in accordance with, the Company's 1994 Stock Option Plan, as amended (the "Stock Option Plan"), and all SARs shall be awarded pursuant to, and in accordance with, the Company's Stock Appreciation Rights Award Plan (the "SAR Plan") . (b) Each Stock Option shall be exercisable at a price equal to the Fair Market Value (as defined in the Stock Option Plan) of the Common Stock on the date of issuance of such Stock Option (or if such date is not a business day, than such option shall be exercisable at a price equal to the Fair Market Value on the next business day following such date) in accordance with the terms of the Stock Option Plan and shall vest over a three-year period from the date of grant at a rate of 33 1/3% per year, commencing with the first anniversary of the date of grant. Employee's vested Stock Options shall be exercisable for a period of ten years from the date of issuance. Subject to Section 4.3(d) hereof, upon the termination of this Agreement other than in accordance with Section 7.3, any unvested Stock Options shall immediately vest, and Employee shall have until the earlier to occur of (i) the 90th day from the date of the termination of this Agreement and (ii) the expiration of the Stock Options in accordance with their terms and with the Stock Option Plan to exercise any vested Stock Options. Upon the termination of this Agreement in accordance with Section 7.3, any unvested Stock Options shall lapse, and Employee shall not have any right to exercise any vested Stock Options. (c) Each SAR shall be exercisable at a price equal to the Fair Market Value (as defined in the SAR Plan) of the Common Stock on the...
Sample 1
Stock Options; SARs. (a) The Committee may from time to time grant to Employee awards of stock options ("Stock Options") and/or stock appreciation rights ("SARs").
Sample 1
Stock Options; SARs. (a) The Committee may from time to time grant to Employee awards of stock options ("Stock Options") and/or stock appreciation rights ("SARs"). Grants of Stock Options and SARs to Employee shall be considered by the Committee on or before April 1 of each year during the Term, with such reviews to commence in 2000, and shall be subject to grant in the sole discretion of the committee, taking into account merit, corporate and individual performance and general business conditions. All such Stock Options shall be issued pursuant to, and in accordance with, the Company's 1994 Stock Option Plan, as amended (the "Stock Option Plan"), and all SARs shall be awarded pursuant to, and in accordance with, the Company's Stock Appreciation Rights Award Plan (the "SAR Plan").
Sample 1
Stock Options; SARs. The Company will grant Executive an option to purchase 1,500,000 of the Company=s common shares (the AOption@) under the Company=s 2002 Employee Stock Option Plan (the APlan@). The Option shall be paired with a stock appreciation right ("SAR") with respect to 976,500 shares that may be exercised only as provided in this Agreement.
Sample 1
Stock Options; SARs. (a) Subject to Section 4.3(d) hereof, the Company hereby agrees to cause the issuance to Employee of stock options ("Stock Options") to purchase 100,000 shares of common stock, $.01 par value, of the Company ("Common Stock") on the date of this Agreement. The Company also hereby agrees to cause the award to Employee of stock appreciation rights ("SARs") relating to 40,000 shares of Common Stock, effective on the first day of the 2000 Fiscal Year. Grants of Stock Options and SARs to Employee shall be considered by the Committee on or before April 1 of each year during the Term, with such reviews to commence in 2000, and shall be subject to grant in the sole discretion of the Committee, taking into account merit, corporate and individual performance and general business conditions. All such Stock Options shall be issued pursuant to, and in accordance with, the Company's 1994 Stock Option Plan, as amended (the "Stock Option Plan"), and all SARs shall be awarded pursuant to, and in accordance with, the Company's Stock Appreciation Rights Award Plan (the "SAR Plan") .
Sample 1
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Stock Options; SARs. Each Conoco Employee who (a) is actively employed by Conoco or a Transferred Business Company as of the Effective Date, (b) either (i) was an employee of Conoco or a Transferred Business Company more than 20 days prior to the Effective Date or (ii) was designated as an individual who would become a Conoco Employee and such designation occurred more than 20 days prior to the Effective Date and (c) holds an option to acquire shares of DuPont Common Stock ("DuPont Stock Option") or an appreciation right with respect to DuPont Common Stock ("DuPont SAR") in each case that is outstanding immediately prior to the Effective Date, whether or not then vested or exercisable, shall be afforded an opportunity to make a one-time election (made in accordance with such procedures and at such time as is determined by DuPont and Conoco), effective as of the Effective Date, to cause such DuPont Stock Option or DuPont SAR to be cancelled and to be granted an option to acquire the number of shares of Conoco Common Stock (a "Newly 7 Granted Option") or an appreciation right with respect to Conoco Common Stock (a "Newly Granted SAR"), as applicable, in each case issued (if applicable) by Conoco, rounded up to the nearest whole share, determined by multiplying (i) the number of shares of DuPont Common Stock subject to such DuPont Stock Option or DuPont SAR immediately prior to the Effective Date by (ii) the New Grant Ratio, at an exercise price per share of Conoco Common Stock (rounded to the nearest fourth decimal) equal to the exercise price per share of such DuPont Stock Option or DuPont SAR divided by the New Grant Ratio; provided, however, that in the case of any DuPont Stock Option to which Section 421 of the Code applies by reason of its qualification as an incentive stock option under Section 422 of the Code, the number of shares of Conoco Common Stock subject to the Newly Granted Option in respect of such DuPont Stock Option shall be rounded down to the nearest whole share and the conversion formula shall otherwise be adjusted, if necessary, to comply with Section 424(a) of the Code. After the Effective Date, each Newly Granted Option and Newly Granted SAR shall be exercisable upon the same terms and conditions as were applicable to the related DuPont Stock Option or DuPont SAR immediately prior to the Effective Date except that terms and conditions of the awards shall be appropriately adjusted to reflect Conoco as the issuer. The cancellation and new grants described h...
Sample 1

Related to Stock Options; SARs

  • Stock Options (a) Subsequent to the effectiveness of the Form 10, but prior to the consummation of the Distribution, and subject to the consummation of the Distribution, each option to purchase ALTISOURCE Common Stock (“ALTISOURCE Stock Options”) granted and outstanding under the 2009 Equity Incentive Plan of ALTISOURCE (“ALTISOURCE Option Plan”) shall remain granted and outstanding and shall not, and ALTISOURCE shall cause (to the maximum extent permitted under the ALTISOURCE Option Plan) the ALTISOURCE Stock Options not to, terminate, accelerate or otherwise vest as a result of the Distribution, and each holder thereof immediately prior to the Distribution will be entitled to the following, determined in a manner in accordance with, and subject to, the ALTISOURCE Option Plan, FAS123R and Section 409A of the Internal Revenue Code: (i) an option to acquire a number of shares of Residential Class B Common Stock equal to the product of (x) the number of shares of ALTISOURCE Common Stock subject to the ALTISOURCE Stock Option held by such holder on the Distribution Date and (y) the distribution ratio of one (1) share of Residential Class B Common Stock for every three (3) shares of ALTISOURCE Common Stock (the “Residential Stock Options”), with an exercise price to be determined in a manner consistent with this Section 3.04 and (ii) the adjustment of the exercise price of such holder’s ALTISOURCE Stock Option, to be determined in a manner consistent with this Section 3.04 (the “Adjusted ALTISOURCE Stock Options”) (the Residential Stock Options and the Adjusted ALTISOURCE Stock Options, together, the “Post-Distribution Stock Options”).

  • Stock Option Awards During the Term, the Executive shall be eligible for awards of options to purchase shares of the Company’s common stock (the “Stock Options”), such Stock Options to be awarded in the sole discretion of the Compensation Committee and in accordance with the terms of the Company’s Stock Option Plan, as such Stock Option Plan may be amended, suspended or terminated from time to time.

  • 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 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 10,000. 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 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.

  • Nonstatutory Stock Option The Optionee may incur regular federal income tax liability upon exercise of a NSO. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If the Optionee is an Employee or a former Employee, the Company will be required to withhold from his or her compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

  • Company Stock Options At the Effective Time, each Company Stock --------------------- Option shall be deemed to have been assumed by Evergreen, without further action by Evergreen, and shall thereafter be deemed an option to acquire, on the same terms and conditions as were applicable under such Company Stock Option, that number of shares of Surviving Corporation Common Stock that would have been received in respect of such Company Stock Option if it had been exercised immediately prior to the Effective Time (such Company Stock Options assumed by Evergreen, the "Assumed Chancellor Stock Options"); provided, however, that, for -------- ------- each optionholder, (i) the aggregate fair market value of Surviving Corporation Common Stock subject to Assumed Chancellor Stock Options immediately after the Effective Time shall not exceed the aggregate exercise price thereof by more than the excess of the aggregate fair market value of Company Common Stock subject to Company Stock Options immediately before the Effective Time over the aggregate exercise price thereof and (ii) on a share-by-share comparison, the ratio of the exercise price of the Assumed Chancellor Stock Option to the fair market value of the Surviving Corporation Common Stock immediately after the Effective Time is no more favorable to the optionholder than the ratio of the exercise price of the Company Stock Option to the fair market value of the Company Common Stock immediately before the Effective Time; and provided, -------- further, that no fractional shares shall be issued on the exercise of such ------- Assumed Chancellor Stock Option and, in lieu thereof, the holder of such Assumed Chancellor Stock Option shall only be entitled to a cash payment in the amount of such fraction multiplied by the closing price per share of Surviving Corporation Common Stock on the Nasdaq National Market on the business day immediately prior to the date of such exercise.

  • 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 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.

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