Examples of Initial Stock Option Grant in a sentence
Subject to Section 8(d)(vi) hereof, if either of the Initial Stock Option Grant or the Initial Restricted Stock Unit Grant is not expressly assumed in a Change in Control, such award will fully vest upon such Change in Control (and participate fully with other stockholders in such Change in Control).
Mass spectrometer measurements in the thermal areas of New Zealand.
If prior to the period ending on the Effective Date of the Initial Grant, the Company consummates a Change in Control while Executive remains continuously employed in good standing as SVP, and provided that Executive has not earned the right to receive the Initial Stock Option Grant under Section 3(f)i., the Company shall pay Executive a change in control bonus in the amount of $125,000 in a lump sum payment within 5 business days of such change.
The Compensation Committee, after taking into account the recommendations of the CEO, will (i) select the employees who will be Key Worldwide Managers, provided that no Eligible Executive will be selected as a Key Worldwide Managers and (ii) determine the number of shares of New Common Stock underlying each Key Worldwide Manager Initial Stock Option Grant.
The Initial Stock Option Grant will vest as to 1/3rd of the shares on each anniversary of the date of grant.• Each non-employee member of the Board continuing his or her service on the Board following the annual meeting of stockholders shall receive a restricted stock grant valued at $120,000 as of the date of grant (the ‘‘Annual Restricted Stock Grant’’).
The Initial Stock Option Grant and Initial Restricted Stock Unit Grant will be granted under a non-stockholder approved arrangement outside of any Company equity plan pursuant to the Nasdaq’s “inducement exception.” Executive agrees that the granting of the Initial Stock Option Grant and Initial Restricted Stock Unit Grant is an inducement material to Executive’s decision to enter into this Agreement and accept employment with the Company.
The terms of the Initial Stock Option Grant shall be subject to the terms of the final stock option award agreement evidencing the Initial Stock Option Grant, a form of which shall be attached hereto as Appendix B (the “Stock Option Agreement”).
For purposes of clarity, the stock option agreement(s) for your Initial Stock Option Grant and the stock option or other equity agreements for any subsequent equity awards will reflect the terms described in Sections 10(b) and 10(c) of this offer letter.
Initial Stock Option Grant for Newly Appointed or Elected ChairpersonEach new Non-Employee Director who shall serve as Chairperson of the Board of Directors shall be granted a non-qualified stock option to purchase 100,000 shares of the Company’s common stock under the Stock Plan at the first regularly scheduled meeting of the Board of Directors on or after his or her initial appointment as Chairperson of the Board of Directors.
The Initial Stock Option Grant will vest over a four year period with 25% of the award vesting on the first anniversary of the grant date and then an additional 6.25% of the award vesting at the end of each three-month period thereafter until the fourth anniversary of the grant date, when the Initial Stock Option Grant will be fully vested, subject to the Executive continuing to be an eligible Participant (as defined in the 2018 Plan) on each vesting date.