Target Option Grants Sample Clauses

Target Option Grants. The Company hereby grants to Executive, pursuant to the Plan, the Target Options to purchase (A) shares of Common (the "Tranche I Options"), with an exercise price of $7.00 (the "Tranche I Price"), and (B) shares of Common (the "Tranche II Options") with an exercise price of $16.00 the "Tranche II Price"). The shares issued upon exercise of the Tranche I Options or the Tranche II Options are referred to herein as the ("Target Option Shares"). The number of Target Option Shares, the Tranche I Price, and the Tranche II Price will be equitably adjusted for any stock split, stock dividend, reclassification or recapitalization of the Company which occurs subsequent to the date of this Agreement. The Target Options will expire (the "Expiration Date") on the earlier of the tenth anniversary of the date hereof or the date of termination of Executive's employment with the Company or a Subsidiary for any reason (the "Termination Date"), provided that Executive will have 30 days after the Expiration Date to exercise the Target Options with respect to the Target Option Shares which are then exercisable pursuant to the terms of the 1997 Plan. (B)
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Target Option Grants. 37 VII. ADDITIONAL AGREEMENTS........................................................................................... 37 7.1 General............................................................................................ 37 7.2 Fairness Hearing; Private Placement; Shareholder Approval.......................................... 37
Sample 1
Target Option Grants. Target will issue that number of options to purchase Target Common Stock, prior to the Effective Time, to existing Target employees in the aggregate amount equal to .25 multiplied by the number of Target Options and Target Common Stock held by Target employees as of the date of this Agreement. Such options shall have an exercise price of not less than $4.00 multiplied by the Exchange Ratio and shall vest ratably (monthly) over the five year period from the date of grant and shall be granted in proportion to the employees' existing equity holdings in Target (except as reasonably necessary to bring recently-hired Target employees to levels consistent with the Acquiror's compensation guidelines and except for other deviations from such proportion to be reasonably agreed upon by Target and Acquiror), and shall be included in any Form S-8 registration statement filed by Acquiror after the completion (if any) of its initial public offering.
Sample 1
Target Option Grants. The Company hereby grants to Executive, -------------------- pursuant to the Plan, the Target Options to purchase up to (A) 100,000 shares of Common (the "Tranche I Options") with an exercise price per share of $3.70 (the ----------------- "Tranche I Price") and (B) 100,000 shares of Common (the "Tranche II Options"), ---------------- ------------------ with an exercise price per share of $7.33 (the "Tranche II Price"). The shares ---------------- issued upon exercise of the Tranche I Options or the Tranche II Options are referred to herein as the "Target Option Shares." The number of Target Option -------------------- Shares, the Tranche I Price and the Tranche II Price will be equitably adjusted for any stock split, stock dividend, reclassification or recapitalization of the Company which occurs subsequent to the date of this Agreement. The Target Options will expire on the Expiration Date, subject to earlier expiration in connection with the termination of Executive's employment, as provided in Section 2(d) below. The Target Options are not intended to be an "incentive stock options" within the meaning of Section 422A of the Code.
Sample 1
Target Option Grants. The Company hereby grants to Executive, pursuant -------------------- to the Plan, the Target Options to purchase (A) _______ shares of Common (the "Tranche I Options"), with an exercise price of $7.00 (the "Tranche I Price"), ------------------ --------------- and (B) _______ shares of Common (the "Tranche II Options") with an exercise ------------------ price of $16.00 the "Tranche II Price"). The shares issued upon exercise of the ---------------- Tranche I Options or the Tranche II Options are referred to herein as the ("Target Option Shares"). The number of Target Option Shares, the Tranche I ---------------------- Price, and the Tranche II Price will be equitably adjusted for any stock split, stock dividend, reclassification or recapitalization of the Company which occurs subsequent to the date of this Agreement. The Target Options will expire (the "Expiration Date") on the earlier of the tenth anniversary of the date hereof or ---------------- the date of termination of Executive's employment with the Company or a Subsidiary for any reason (the "Termination Date"), provided that Executive will ---------------- have 30 days after the Expiration Date to exercise the Target Options with respect to the Target Option Shares which are then exercisable pursuant to the terms of the 1996 Plan.
Sample 1

Related to Target Option Grants

  • 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.

  • Option Grants During the Employment Period, Executive shall be eligible to participate in the Instinet 2000 Stock Option Plan (as the same may be amended and in effect from time to time, the "2000 Option Plan") and any subsequent stock option plan maintained by the Company for its senior executives, subject to the review and approval of the Compensation Committee. The terms and conditions of all options to purchase shares of common stock granted to Executive under the 2000 Option Plan or under any prior or subsequent stock option plan maintained by the Company or its Affiliates (including any options granted to Executive prior to the Commencement Date) (collectively, the "Options"), including the grant, vesting, exercise, payment and all other terms of such Options, shall be governed by the terms of the stock option plan under which such Options were granted, as such plan or plans may be amended and in effect from time to time.

  • Share Option Plans Each share option granted by the Company under the Company’s share option plan was granted (i) in accordance with the terms of the Company’s share option plan and (ii) with an exercise price at least equal to the fair market value of the Ordinary Shares on the date such share option would be considered granted under GAAP and applicable law. No share option granted under the Company’s share 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, share options prior to, or otherwise knowingly coordinate the grant of share options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • 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.

  • Additional Options The NYS Contract Price for Additional Options offered under the Contract in accordance with Section III.2.7 Additional Options, shall be the Additional Options NYS Discount listed on the Contract Pricelist, or higher, applied to the MSRP on the current OEM Data Book or Contractor-Published Pricelist, as applicable. See Section III.1.2

  • Share Options With respect to the share options (the “Share Options”) granted pursuant to the share-based compensation plans of the Company and its subsidiaries (the “Company Share Plans”), (i) each Share Option intended to qualify as an “incentive stock option” under Section 422 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), so qualifies, (ii) each grant of a Share Option was duly authorized no later than the date on which the grant of such Share 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 shareholder 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 Share Plans, the Exchange Act, and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange (the “Exchange”), and (iv) each such grant was properly accounted for in accordance with IFRS in the financial statements (including the related notes) of the Company. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Share Options prior to, or otherwise coordinating the grant of Share Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • Employee Options There are two (2) options available to an employee who is otherwise eligible for disability insurance benefits which are as follows:

  • Vested Options Prior to the Closing, the Board of Directors of the Company shall have adopted resolutions (in a form reasonably satisfactory to Parent), and the Company hereby agrees to take all other actions reasonably necessary, to cause, in accordance with the Yodlee, Inc. 1999 Stock Plan, as amended; the Yodlee, Inc. 2001 Stock Plan, as amended; the Yodlee, Inc. 2009 Equity Incentive Plan, as amended; and the Yodlee, Inc. 2014 Equity Incentive Plan, as amended (collectively the “Equity Plans”), each stock option granted thereunder (“Company Stock Option”) that is vested and exercisable and that remains outstanding as of immediately prior to the Closing, including Company Stock Options that will become vested as of the Closing (the “Vested Options”) to be exercised immediately prior to the Closing in a cashless net exercise with shares of Company Common Stock that would otherwise be received on the exercise of such Vested Option being retained by the Company to cover the exercise price and any applicable tax withholding obligations and to issue the net number of shares of Company Common Stock upon such net exercise to the holder of such Company Stock Option where the value of a share of Company Common Stock for purposes of the foregoing shall be the sum of (i) the Per Share Cash Consideration and (ii) the value of the Per Share Stock Consideration and for purposes of determining the value of the Per Share Stock Consideration, the Parent Stock Value used to determine the Per Share Stock Consideration will be used. As of the Effective Time, each such share of Company Common Stock shall be converted into the right to receive the sum of (i) the Per Share Cash Consideration and (ii) the Per Share Stock Consideration pursuant to the terms of this Article I. Each Vested Option outstanding immediately prior to the date of exercise, when exercised in accordance with this Section 1.7(a) or otherwise, shall no longer be outstanding, shall automatically be canceled and shall cease to exist. The Company agrees to process the exercise of the Vested Options through payroll as appropriate and to remit any necessary withholding amounts that arise upon the exercise of the Vested Options to the appropriate Tax authorities or Governmental Entities, as required by applicable law.

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

  • 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.

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