MSOP definition
Examples of MSOP in a sentence
Section 5 shall be supplemented as follows: A supervisor working in a SOS or MSOP shall receive a holiday premium of $40.00 for each four (4) hours or portion thereof worked up to a maximum of $80.00 for those holiday hours specifically assigned by the supervisor's superior and worked on the holiday.
Grants of options in connection with the MSOP shall be made when and in an amount determined by TeleTech in its sole discretion, and shall be subject to the terms and conditions of a separate stock option agreement to be executed by Employee and TeleTech, and to any terms or conditions of TeleTech's MSOP that may be established, modified or amended from time to time.
Employee shall be eligible to participate in a management stock option program ("MSOP") designed to grant stock options to specified executives at the end of each year based on personal achievements and business objectives.
If awarded, options granted under the MSOP will vest in equal annual installments over four years unless the Company elects a different vesting schedule generally applicable to Company executives.
Section 5 shall be supplemented as follows: A supervisor working in a SOS or MSOP shall receive a holiday premium of $30.00 for each four (4) hours or portion thereof worked up to a maximum of $60.00 for those holiday hours specifically assigned by the supervisor's superior and worked on the holiday.
Any MSOP grant shall be subject to the terms and conditions of a separate stock option agreement to be executed by Employee and TeleTech, and to any terms or conditions of TeleTech's MSOP that may be established, modified or amended from time to time.
As of March 7, 2006, pursuant to the Stock Option Agreements, Fritschi holds the following stock options concerning Z▇▇▇▇▇ Holdings common stock: Grant Date Grant Type G▇▇▇▇ ▇▇▇▇▇ Shares 1/14/2004 2004 MSOP Grant $70.33 /share 50,000 1/18/2005 2005 MSOP Grant $79.60 /share 27,143 1/18/2005 2005 Performance Options $79.60 /share 18,240 Fritschi may exercise any or all of the above-referenced stock options at any time between the execution date of this Agreement and September 30, 2006.
Additionally, all of Buyer’s queries/responses must be submitted such that the MP and/or MSOP are complete at least five (5) business days prior to the scheduled commencement of task execution.
Grants of options in connection with the MSOP shall be made when determined by TeleTech in its sole discretion, except that if a MSOP grant is made, the minimum grant to Employee shall be 50,000 stock options.
For the next three (3) financial years, upon the execution of yearly milestones, as defined by the CORPORATION’s Board of Directors, which shall be reasonably attainable, the EMPLOYEE shall be entitled to a bonus equal to up to 50% of his Base Salary, which shall automatically be part of the MSOP.