Stock Option Grant definition

Stock Option Grant means any Option right granted under the Plan.

Stock Option Grant. Nonqualified stock options for 20,000 shares of common stock, with exercise, termination and other terms as provided in an Option Agreement (“Option Agreement”) and the 2000 Long-Term Equity Incentive Plan: The Options will vest in four installments, vesting as follows: 5,000 July 31, 2003 5,000 July 31, 2004 5,000 July 31, 2005 5,000 July 31, 2006 All options granted as of this date which have not yet vested will vest immediately prior to a change of control of the company. The Options will terminate ten years from the date of grant, and the exercise price for the options will be the Nasdaq closing price on July 31, 2002.

Stock Option Grant. Employee shall receive a grant of 75,000 stock options, effective September 8, 1998, vesting 20% on the Grant Date and 20% on each of the first four anniversaries of the Grant Date, as evidenced by an Award Agreement, upon execution of this Agreement. ENRON OIL & GAS COMPANY By: /s/ PATRXXXX XXXXXXX --------------------------------------------- Name: Patrxxxx Xxxxxxx Title: V.P. Human Resources & Administration This 8th day of October, 1998 BARRX XXXXXXXX, XX. /s/ BARRX XXXXXXXX, XX. ------------------------------------------------ This 7th day of October, 1998

Examples of Stock Option Grant in a sentence

• The Notice of Stock Option Grant, this Agreement and the Plan constitute the entire contract between the parties hereto with regard to the subject matter hereof.

• On the terms and conditions set forth in the Notice of Stock Option Grant and this Agreement, the Company grants to the Optionee on the Date of Grant the option to purchase at the Exercise Price the number of Shares set forth in the Notice of Stock Option Grant.

• This option shall in any event expire on the expiration date set forth in the Notice of Stock Option Grant, which date is 10 years after the Date of Grant (five years after the Date of Grant if this option is designated as an ISO in the Notice of Stock Option Grant and Section 3(b) of the Plan applies).

• Subject to Subsection (b) below and the other conditions set forth in this Agreement, all or part of this option may be exercised prior to its expiration at the time or times set forth in the Notice of Stock Option Grant.

• If designated in the Notice of Stock Option Grant as an Incentive Stock Option (“ISO”), this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code.

More Definitions of Stock Option Grant

Stock Option Grant means the agreement between the Company and an Optionee under which an Optionee may acquire Stock pursuant to the Plan.

Stock Option Grant. Subject to the approval of the Company’s board of directors, you will be granted an option to purchase 550,000 shares of the Company’s common stock at a price equal to the fair market value as established by an independent assessment within 60 days of the closing of the Series A financing. ·Bonus: You will be eligible to participate in the Company’s bonus incentive plan, with a target bonus of 30% (pro-rated in any years which you are employed for less than 12 months), which will be authorized by the Company’s board of directors in its sole assessment of the company’s performance against its goals. Any bonus for a fiscal year will be paid within 21/2 months after the close of that fiscal year, but only if you are still employed by the Company at the time of payment. The determinations of the Board with respect to any bonus will be final and binding.

Stock Option Grant. Employee received a grant of 125,000 stock options, effective September 8, 1998, vesting 20% on the Grant Date and 20% on each of the first four anniversaries of the Grant Date, as evidenced by an Award Agreement.

Stock Option Grant means a grant of an option to purchase Shares under the Plan in either the form of an ISO or Non-Qualified Option.

Stock Option Grant. No additional award with this Employment Agreement.

Stock Option Grant means the written agreement or instrument which sets forth the terms of an Option granted to an Employee or Key Person under this Plan.

Stock Option Grant. The Company intends to grant you stock options to purchase common stock of the Company. The terms of the stock options are set forth on Exhibit "B" attached hereto.