ISO Plan definition
Examples of ISO Plan in a sentence
Such new options shall have the same exercise price and other terms as the ISO Plan options including a requirement that these options be registered under applicable securities laws if the ISO Plan options are registered.
The Company shall issue to the Employee within 30 days of the Termination Date an amount of new options as separate securities in exchange for and in an amount equal to the Employee's vested ISO Plan options.
All loans to the Employee in connection with the prior exercise of any options under the ISO Plan (or similar plan) shall remain unaffected and will remain on their original terms.
All options of the Employee under the ISO Plan (or similar plan) which have not vested as of employee's Termination Date shall lapse and shall not be exercisable.
All loans to the Employee in connection with the prior exercise of any options under the ISO Plan (or similar plan) shall be due the earlier of 90 days following the Employee's death and their original term.
All options of the Employee under the ISO Plan (or similar plan) which have not vested as of Employee's Termination Date and which would vest within one year of Employee's Termination Date shall vest and shall become immediately exercisable.
All loans to the Employee in connection with the prior exercise of any options under the ISO Plan (or similar plan) shall be due and payable within 60 days of employment termination.
All options of the Employee under the ISO Plan (or similar plan) which have not vested as of Employee's death and which would vest within one year thereof shall vest immediately upon the Employee's death and shall remain exercisable by the Employee's estate for the shorter of 18 months following the Employee's death and their original term.
All loans to the Employee in connection with the prior exercise of any options under the ISO Plan (or similar plan) shall be due the earlier of 18 months following the Employee's death and their original term.
Upon the closing of the IPO, the Company shall have established a long-term incentive compensation plan, which provides key employees of the Company with ownership interests in the Company, as substantially set forth in Attachment A hereto (the "ISO Plan").