Stock Option Program definition

Stock Option Program means any plan, approved by the shareholders of the Company before April 1, 2004, under which the Company makes grants of Options.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Stock Option Program means a written program established by the Committee, pursuant to which Options are awarded under the Plan under uniform terms, conditions and restrictions set forth in such written program.

Stock Option Program means the program set forth in Section 6 hereof.

Examples of Stock Option Program in a sentence

• Executive shall participate in and be entitled to benefits of the Company Stock Option Program.

• The "acquisition" of the Corporation by another entity shall cause each outstanding option to become an option to purchase shares of the acquiring entity, for the balance of the term of the option, at a price and for a number of shares as is consistent with the acquisition terms, notwithstanding any contrary provision in the Stock Option Program in accordance with which this option was granted.

• Any earnings from such Employee Stock Option Program shall be subject to applicable taxes required by law to be withheld.

• In addition to any other plans or programs established by the Company, Executive shall be entitled to participate in the Company's 1996 Stock Incentive Plan and any similar or replacement plan or program (the 'Stock Option Program').

• Employee shall be eligible to participate in a Stock Option Program for the purchase of shares of the Common Stock of Employer, pursuant to the terms of Employer’s 2008 Employee Stock Incentive Plan (“2008 Plan”) as part of the North Valley Bancorp Long Term Incentive Plan, as established by the Employer’s Board of Directors.

• If the Board of Directors of Employer elects to institute an Incentive Stock Option program, or other stock program not currently in effect, Employee shall be eligible to participate in said program under the guidelines set forth, and continue to participate in the Employment Stock Option Program, the Board may elect to reduce Employee's participation in any such incentive stock option program by 25% vis a vis other officers or directors during the first two years of employee's employment.

• In addition to any other plans or programs established by the Company, Executive shall be entitled to participate in the Company's 1996 Stock Incentive Plan and any similar or replacement plan or program (the "Stock Option Program").

• If the holder or holders of Options for an aggregate of 3,000 or more common shares of the Corporation request(s) in writing that the Corporation file a registration statement on Form S-8 or other appropriate registration statement under the Act, the Corporation shall use its best efforts to cause all shares subject to then-outstanding Options under the Corporation's Stock Option Program to be registered under the Act.

• With a view to making available to the Optionees under the Stock Option Program the benefits of Rule 144 promulgated under the Act, the Corporation agrees to use its best efforts to file with the SEC in a timely manner all reports and other documents required to be filed by an issuer of securities registered under the Act or the Securities and Exchange Act of 1934, as amended, and to take such other action as is reasonable to enable utilization of such Rule by Optionee.

• In the event that the Company establishes a Company Stock Option Program (“Stock Option”); the Executive shall be granted a stock option to purchase 3,000,000 shares of the Company’s Common Stock on the date of grant at an exercise price equal to the current fair market value as determined by the Board of Directors.

More Definitions of Stock Option Program

Stock Option Program means that certain Environmental Quality Management, Inc. Stock Option Plan dated to be effective as of November 14, 2008 (the “Plan”), and any and all Incentive Stock Option Agreements, Non-Incentive Stock Option Agreements and other documents, instruments, and agreements entered into by EQMI pursuant to, and in accordance with, the Plan, as any or all of the foregoing documents, instruments, and agreements are now in effect or, subject to Section 10.31, as at any time after the date of the Effective Date (as defined in the Third Amendment) may be amended, modified, supplemented, restated, renewed, extended, or otherwise changed and any documents, instruments, or agreements given, subject to Section 10.31, in substitution of any of them. For purposes of this Agreement, “Stock Option Program” shall include, without limitation, (i) the stock dividend of four common shares for each common share of EQMI’s outstanding Capital Stock on the Effective Date (as defined in the Third Amendment) and (ii) an amendment on the Effective Date (as defined in the Third Amendment) to EQMI’s Articles of Incorporation to create and authorize an aggregate amount of 14,400,000 common shares of Capital Stock.

Stock Option Program. To be developed by Executive and Board

Stock Option Program means any stock option plan established and maintained by Coca-Cola Enterprises Inc. that permits the deferral of Stock pursuant to this Plan.

Stock Option Program means any plan, approved by the shareholders of the Company before the effective date of this amendment and restatement, under which the Company makes grants of Options.