Effective Date Options definition

Effective Date Options means Options granted upon or in connection with the Effective Date of the Plan.
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Effective Date Options means those options granted automatically as of the Effective Date to each Nonemployee Director who is serving the Company as a director on such date.
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Examples of Effective Date Options in a sentence

  • On the Effective Date you will be granted a non-qualified employee stock option under the Corporation's Stock Incentive Plan (the "Stock Incentive Plan") to purchase forty-eight thousand (48,000) shares of the Corporation's $.01 par value common stock at an initial exercise price equal to the fair market value of such stock on the Effective Date ("Options").

  • On the Effective Date you will be granted a non-qualified employee stock option under the Corporation's Stock Incentive Plan (the "Stock Incentive Plan") to purchase thirty thousand (30,000) shares of the Corporation's $.01 par value common stock at an initial exercise price equal to the fair market value of such stock on the Effective Date ("Options").

  • Following the Effective Date, Options for stock of the Parent listed on the Schedule of Vested Options, shall remain subject to the terms of the award and the Plan under which they were granted, subject to the provisions of Section 3.02.

  • In addition, the Executive will be granted on the next grant date immediately following each of the second, third, fourth and fifth anniversaries of the Effective Date Options to purchase an additional 100,000 Shares on each such date, such Options to be granted in accordance with and subject to the terms and conditions of the Plan.

  • You are hereby granted a non-qualified employee stock option under the Corporation's Second Amended and Restated 1994 Omnibus Incentive Plan (the "Omnibus Incentive Plan") (subject to final approval by the Compensation Committee of the Board) to purchase seventy-five thousand (75,000) shares of the Corporation's $.01 par value common stock at an initial exercise price equal to the fair market value of such stock on the Effective Date ("Options").

  • At the time of execution of this Agreement, the Employee shall be granted options to purchase Five Hundred Thousand shares (500,000) of Common Stock ("Stock") at a price equal to the average of the closing bid and ask price of the Stock for the five trading days immediately preceding the Effective Date ("Options").

  • On the Effective Date you will be granted a non-qualified employee stock option under the Corporation's Stock Incentive Plan (the "Stock Incentive Plan") to purchase 36,000 shares of the Corporation's $.01 par value common stock at an initial exercise price equal to the fair market value of such stock on the Effective Date ("Options").

  • The option price per share at which the Effective Date Options can be exercised will be the fair market value of a share of Common Stock on the Effective Date determined using a total enterprise value of $110,000,000.

  • Excluded are the shares granted under this stock option award that have vested prior to the Effective Date (Options Vested shares).

  • On the Effective Date you will be granted a non-qualified employee stock option under the Corporation's Stock Incentive Plan (the "Stock Incentive Plan") to purchase seventeen thousand five hundred (17,500) shares of the Corporation's $.01 par value common stock at an initial exercise price equal to the fair market value of such stock on the Effective Date ("Options").