Stock Option Sample Contracts

SJW CORP.
Stock Option • March 7th, 2006 • SJW Corp • Water supply
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PERSPECTA INC. STOCK OPTION AWARD AGREEMENT
Stock Option • June 6th, 2018 • Perspecta Inc. • Services-computer processing & data preparation • Nevada
STOCK OPTION
Stock Option • September 10th, 1998 • Mannatech Inc • Medicinal chemicals & botanical products
GRANT
Stock Option • August 28th, 2000 • Replacement Financial Inc • Non-operating establishments • Utah
STOCK OPTION granted by EQUITABLE FINANCIAL CORP. under the EQUITABLE FINANCIAL CORP.
Stock Option • May 12th, 2017 • Equitable Financial Corp. • Savings institution, federally chartered

This stock option agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the 2016 Equity Incentive Plan (the “Plan”) of Equitable Financial Corp. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan has been provided to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Committee appointed to administer the Plan (“Committee”) or the Board will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Capitalized terms used herein but not defined will have the same meaning as in the Plan.

STOCK OPTION
Stock Option • April 5th, 2000 • Total Film Group Inc
STOCK OPTION
Stock Option • May 5th, 2005 • Fic Investments Usa Corp. • Real estate

NOW THEREFORE THIS AGREEMENT WITNESSETH that for and in consideration of the mutual covenants and agreements herein contained and other lawful and valuable consideration, the receipt of which is hereby acknowledged, it is agreed by and between the parties hereto as follows:

STOCK OPTION granted by EQUITABLE FINANCIAL CORP. under the EQUITABLE FINANCIAL CORP.
Stock Option • May 12th, 2017 • Equitable Financial Corp. • Savings institution, federally chartered

This stock option agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the 2016 Equity Incentive Plan (the “Plan”) of Equitable Financial Corp. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan has been provided to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Committee appointed to administer the Plan (“Committee”) or the Board will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Capitalized terms used herein but not defined will have the same meaning as in the Plan.

THE PEOPLES BANCTRUST COMPANY, INC.
Stock Option • February 3rd, 2006 • Peoples Banctrust Co Inc • State commercial banks

THIS STOCK OPTION (the “Option”) grants (the “Optionee”) the right to purchase a total of 300 shares of Common Stock, par value $.10 per share, of The Peoples BancTrust Company, Inc. (the “Company”) at the price set forth herein, in all respects subject to the terms, definitions and provisions of The Peoples BancTrust Company, Inc. 1999 Stock Option Plan (the “Plan”) which is incorporated by reference herein. This Option is intended not to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). The Optionee acknowledges, through signing below, the receipt of the prospectus associated with the Plan.

STOCK OPTION
Stock Option • February 27th, 2008 • United Fire & Casualty Co • Fire, marine & casualty insurance • Iowa

THIS STOCK OPTION is dated as of the day of ______ , 20__ (the “Effective Date”) by United Fire & Casualty Company, Inc. (the “Company”) to ___________________________ (the “Optionee”).

Stock Option No. O-000 HELIX BIOMEDIX, INC. (THE “COMPANY”) INCENTIVE STOCK OPTION AGREEMENT
Stock Option • March 24th, 2011 • Helix Biomedix Inc • Pharmaceutical preparations

We are pleased to inform you that the Company has granted to you, as the individual named below (the “Optionee”), this Stock Option. This Stock Option Agreement is a contract between you and the Company. It grants to you certain defined rights, at certain times and under certain conditions, to purchase shares of the Company’s Common Stock, and in exchange you accept certain obligations and responsibilities, as described below and in the Company's 2011 Stock Option Plan amended, (the “Plan”) and the Terms and Conditions attached here.

STOCK OPTION CANCELLATION AGREEMENT
Stock Option • January 8th, 2007 • Renovis Inc • Pharmaceutical preparations

‘This Stock Option Cancellation Agreement is made effective as of the 4th day of January, 2007 between Renovis, Inc. (the “Company”) and [ ] (the “Optionee”).

AVATECH SOLUTIONS, INC. FIRST AMENDMENT TO STOCK OPTION
Stock Option • August 17th, 2010 • Avatech Solutions Inc • Services-prepackaged software • Delaware

THIS FIRST AMENDMENT TO STOCK OPTION (this “First Amendment”) is entered into on this 17th day of August, 2010 by and between AVATECH SOLUTIONS, INC., a Delaware corporation, and the Optionee named above. Capitalized terms used but not defined herein shall have the meanings given such terms in the Company’s 2002 Stock Option Plan (the “Plan”) and the Option (as defined below).

STOCK OPTION GRANT AGREEMENT
Stock Option • March 1st, 2010 • McDermott International Inc • Fabricated plate work (boiler shops)

On , 2010 (the “Date of Grant”) the Compensation Committee of the Board of Directors (the “Committee”) of McDermott International, Inc. (the “Company”) selected you to receive a grant of Non-Qualified Stock Options (the “Options”) under the Company’s 2009 McDermott International, Inc. Long-Term Incentive Plan (the “Plan”). The provisions of the Plan are incorporated herein by reference.

STOCK OPTION
Stock Option • September 25th, 2007 • Fronteer Development Group Inc • Mining & quarrying of nonmetallic minerals (no fuels)

NOW THEREFORE THIS AGREEMENT WITNESSETH that for and in consideration of the mutual covenants and agreements herein contained and other lawful and valuable consideration, the receipt of which is hereby acknowledged, it is agreed by and between the parties hereto as follows:

STOCK OPTION GRANT AGREEMENT
Stock Option • November 3rd, 2015 • Babcock & Wilcox Enterprises, Inc. • Heating equipment, except electric & warm air furnaces

Effective [___] (the “Date of Grant”), the Compensation Committee of the Board of Directors (the “Committee”) of Babcock & Wilcox Enterprises, Inc. (“BW”) selected you to receive a grant of Nonqualified Stock Options (the “Options”) under the Babcock & Wilcox Enterprises, Inc. 2015 Long-Term Incentive Plan (the “Plan”). The provisions of the Plan are incorporated herein by reference.

MARVELL TECHNOLOGY GROUP LTD. AMENDED AND RESTATED 1995 STOCK OPTION PLAN AMENDMENT OF STOCK OPTION
Stock Option • January 2nd, 2008 • Marvell Technology Group LTD • Semiconductors & related devices • California

This Amendment of Stock Option is entered into by and between Michael D. Rashkin (the “Optionee”) and Marvell Technology Group Ltd., a Bermuda corporation (the “Company”), effective as set forth below.

STOCK OPTION CANCELLATION AGREEMENT
Stock Option • December 20th, 2017 • Dala Petroleum Corp. • Crude petroleum & natural gas
STOCK OPTION
Stock Option • May 19th, 1999 • Rare Medium Group Inc • Services-computer programming, data processing, etc. • Delaware
TBC CORPORATION STOCK OPTION
Stock Option • March 7th, 2005 • TBC Corp • Wholesale-motor vehicles & motor vehicle parts & supplies

TBC CORPORATION, a Delaware corporation (the “Company”), hereby grants to _______________ (the “Employee”), effective , ___(the “Date of Grant”), as a matter of separate inducement and agreement in connection with the Employee’s employment by the Company, and not in lieu of any salary or other compensation for the Employee’s services, an option to purchase ___ shares of Common Stock of the Company, par value $.10 per share (the “Shares”), at a purchase price of $ ___ per share (the “Option”).

Stock Option Granted by THE BANCORP, INC. under the THE BANCORP, INC. STOCK OPTION AND EQUITY PLAN OF 2013
Stock Option • May 10th, 2013 • Bancorp, Inc. • National commercial banks

This Stock Option Award Agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the Stock Option and Equity Plan of 2013 (the “Plan”) of The Bancorp, Inc. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan has been provided to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Committee appointed to administer the Plan (“Committee”) or the Board will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Capitalized terms used herein but not defined will have the same meaning as in the Plan.

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STOCK OPTION AWARD AGREEMENT (Non-Employee Directors)
Stock Option • December 14th, 2005 • Caraustar Industries Inc • Paperboard mills • North Carolina

THIS STOCK OPTION AWARD AGREEMENT, entered into as of the Grant Date, is by and between the Participant and Caraustar Industries, Inc. (the “Company”).

STOCK OPTION GRANT AGREEMENT
Stock Option • May 11th, 2009 • McDermott International Inc • Fabricated plate work (boiler shops)

On ________, _____ (the “Date of Grant”) the Compensation Committee of the Board of Directors (the “Committee”) of McDermott International, Inc. (the “Company”) selected you to receive a grant of Non-Qualified Stock Options (the “Options”) under the Company’s 2009 McDermott International, Inc. Long-Term Incentive Plan (the “Plan”). The provisions of the Plan are incorporated herein by reference.

Stock Option Retention Award Agreement
Stock Option • November 6th, 2013 • SPRINT Corp • Telephone communications (no radiotelephone) • Kansas

Throughout this Award Agreement (the “Agreement”) we sometimes refer to Sprint Corporation (the “Corporation”) and its subsidiaries as “we” or “us.”

THE PEOPLES BANCTRUST COMPANY, INC.
Stock Option • February 3rd, 2006 • Peoples Banctrust Co Inc • State commercial banks

THIS STOCK OPTION (the “Option”) grants (the “Optionee”) the right to purchase a total of shares of Common Stock, par value $.10 per share, of The Peoples BancTrust Company, Inc. (the “Company”), at the price set forth herein, subject to the terms, definitions and provisions of The Peoples BancTrust Company, Inc. 1999 Stock Option Plan (the “Plan”) which is incorporated by reference herein, except as set forth herein. This Option is intended to qualify as an incentive stock option (“ISO”) under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). Pursuant to Section 6(b) of the Plan, to the extent that the aggregate Market Value of shares with respect to which Options designated as ISOs first become exercisable by the Optionee in any calendar year (under the Plan and any other plan of the Company or any Affiliate) exceeds $100,000, such excess Options shall be treated as Non-ISOs. The Optionee acknowledges, through signing below, the receipt of the prospectus asso

Stock Option Granted by COLONIAL FINANCIAL SERVICES, INC. under the COLONIAL FINANCIAL SERVICES, INC.
Stock Option • March 29th, 2012 • Colonial Financial Services, Inc. • Savings institution, federally chartered

This stock option agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the 2011 Equity Incentive Plan (the “Plan”) of Colonial Financial Services, Inc. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan has been provided to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Committee appointed to administer the Plan (“Committee”) or the Board will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Capitalized terms used herein but not defined will have the same meaning as in the Plan.

Stock Option Granted by COLONIAL FINANCIAL SERVICES, INC. under the COLONIAL FINANCIAL SERVICES, INC.
Stock Option • March 29th, 2012 • Colonial Financial Services, Inc. • Savings institution, federally chartered

This stock option agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the 2011 Equity Incentive Plan (the “Plan”) of Colonial Financial Services, Inc. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan has been provided to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Committee appointed to administer the Plan (“Committee”) or the Board will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Capitalized terms used herein but not defined will have the same meaning as in the Plan.

LIBERTY PROPERTY TRUST STOCK OPTION
Stock Option • May 8th, 2008 • Liberty Property Limited Partnership • Real estate

THIS STOCK OPTION (the “Option”) is granted as of this day of , 200___by LIBERTY PROPERTY TRUST, a Maryland real estate investment trust (the “Company”), to «Optionee», (the “Optionee”).

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