Examples of Existing Stock Option Plans in a sentence
Notwithstanding the foregoing, the Company may from to time to time reallocate the number of Options available for grant, in the case of either Class A Options or Class B Options, from such Class A Options or Class B Options to Class C Options to the extent such Class A Options or Class B Options available for grant are not then subject to outstanding Options under the Existing Stock Option Plans.
Existing Stock Option Plans (in this connection, it is pointed out that the last Stock Option Plan was awarded by the Company in 2012): (a) generally provide for a suitable vesting period after which options may be exercised (not shorter than three years) and (b) the exercise of options may also depend on the achievement of specific performance objectives defined according to the mid- and long-term objectives of the Company and the Group (such as consolidated EPS or Earnings per Share).
Endo Pharma has reserved (subject to --------------------- adjustment as provided in Section 11 hereof), solely for issuance and delivery upon exercise of the Options pursuant to the Existing Stock Option Plans 25,615,339 shares of Common Stock.
Collectively, the 250,000,000 authorized shares of common stock of Aurora, with a $0.01 par value, of which 103,282,788 shares were outstanding as of June 30, 2009, and any options (including, without limitation, all options issued under any of the Existing Stock Option Plans), warrants, or rights, contractual or otherwise, to acquire any shares of such stock.
Options granted under the Existing Stock Option Plans generally vest in five annual installments beginning on the first anniversary of the date of grant and have a term of ten years.
Endo Pharma has reserved (subject to adjustment as provided in Section 11 hereof), solely for issuance and delivery upon exercise of the Options pursuant to the Existing Stock Option Plans 25,615,339 shares of Common Stock.
Additionally, on July 20, 2009 Capital Southwest adopted the Capital Southwest 2009 Stock Incentive Plan (the "2009 Plan" and collectively with the 1999 Plan, the "Existing Stock Option Plans") for the purpose of advancing the interest of Capital Southwest by providing for the grant of stock options to its employees.
Subject to the Plan’s becoming effective on the Effective Date pursuant to Section 8.2 hereof, the Existing Stock Option Plans shall not be assumed by Reorganized Aurora on the Effective Date, but shall instead be cancelled and deemed terminated and of no force and effect as of the Effective Date.
Capital Southwest’s Existing Stock Option Plans enable Capital Southwest to provide to its officers and employees (1) incentive compensation commensurate with the creation of shareholder value; (2) opportunities for increased stock ownership by executives; and (3) competitive levels of total compensation over a long time horizon.
In addition, without limiting the generality of the foregoing, any and all options or rights to exercise warrants or options or to otherwise acquire any shares of Old Aurora Common Stock or any other Interest in Aurora, under any of the Existing Stock Option Plans or otherwise, shall be cancelled and be deemed terminated and of no force and effect.