Standard Options definition
Examples of Standard Options in a sentence
Subject to accelerated vesting or termination as set forth herein, the Standard Options shall vest in equal annual installments over three (3) years measured from the Effective Date.
The Standard Options shall be evidenced by and subject to the terms of an option agreement between the Company and the Executive in the form of Exhibit A attached hereto (the “Option Agreement”) which agreement shall provide, among other things, that the Standard Options shall vest and become exercisable annually in four equal installments on each of the first, second, third and fourth anniversaries of the Effective Date.
The Standard Options and Non-Standard Options shall have an exercise price equal to the fair market value of the Parent Common Stock on the date of grant, and shall be allocated among such employees as mutually determined by Parent and Shareholder; it being agreed that no employee will receive a Standard Option or Non-Standard Option until such employee executes and delivers to Parent an Employee Employment Agreement, in substantially the form of Exhibit K attached hereto.
Subject to accelerated vesting or termination as set forth herein, the Standard Options shall vest in equal annual installments over three (3) years.
Grant Executive options to purchase a total of ------------- 275,000 shares of the Company's Common Stock pursuant to, and subject to the terms of, two option grants under the Company's 1999 Stock Option Plan (100,000 of which vest over the first three years after the grant {"Standard Options"} and 175,000 of which (subject to acceleration based on achievement of goals) vest at the end of seven years after the grant) {"Performance Options"}.
Except as set forth in Section 4.13(d), any remaining Standard Options not granted by the Closing Date will be terminated, and will not be available for future grants.
For the purposes of the redesignation calculations set forth in this Section 1.6(d), (i) all Dissenting Shares shall be deemed to be receiving only Cash Consideration, and (ii) appropriate adjustments shall be made to the extent Parent and the Stockholder Representative determine that shares of Company Capital Stock acquired pursuant to the exercise of Standard Options should not be counted as outstanding for purposes of this Section 1.6(d).
All outstanding Standard Options (collectively, the "COMPANY OPTIONS") have been offered, issued and delivered by the Company in compliance in all material respects with all applicable federal, state, foreign or local statutes, laws, rules or regulations, including federal and state securities laws.
Record your Definition of Compensation here if it meets any of these Standard Options.
The terms of the individual Option Agreements and the Stock Option Plan will control Executive's legal rights, except that following a Change of Control as defined in Section 12.3 (i) all of the Standard Options and (ii) a percentage of the Performance Options equal to the weighted average percentage of the on-target incentive compensation which Executive earned between the date hereof and the date of Change of Control shall become immediately exercisable.