Incentive Options. The terms specified below shall be applicable to all Incentive Options. Except as modified by the provisions of this Section II, all the provisions of Articles One, Five and Six shall be applicable to Incentive Options. To the extent an option which is designated as an Incentive Option fails to meet the requirements of Section 422 of the Code, then such option shall be treated as a Non-Statutory Option. Options which are specifically designated as Non-Statutory Options when issued under the Plan shall not be subject to the terms of this Section II.
Incentive Options. In addition to the Annual Compensation detailed herein, MANAGER shall receive stock option allocations giving the employee the right to purchase stock in the company at current Fair Market Value (FMV) in accordance with the Elite Logistics Inc., 2000 Employee Incentive Plan. Exercise Vesting Vesting Option Allotment Price Period Date Grant Date --------- -------- ------- ------- ---------- 000 Shares FMV 3 years January 1, 2000 September 1, 2000 000 Shares FMV 3 years January 1, 2001 January 1, 2001 000 Shares FMV 3 years January 1, 2002 January 1, 2002
Incentive Options. The terms specified below shall be applicable to all Incentive Options. Except as modified by the provisions of this Section n, all the provisions of the Plan shall be applicable to Incentive Options. Options which are specifically designated as Non-Statutory Options shall not be subject to the terms of this Section II.
Incentive Options. (a) The Partnership hereby grants to the Manager options (the “Options”) to purchase Common Units of the Partnership, as defined in the Partnership's Limited Partnership Agreement (“Common Units”), subject to the following terms and conditions as set forth in this SECTION 9 (references in this SECTION 9 to the "Manager" shall include any Affiliate or Persons designated by the Manager to be a recipient of Options):
Incentive Options. Only employees of the Company or of an Affiliated Company (including officers of the Company and members of the Board if they are employees of the Company or of an Affiliated Company) are eligible to receive Incentive Options under the Plan.
Incentive Options. The options granted hereunder are intended to be Incentive Options as defined in the Plan and Section 422 of the Code, but the Company makes no warranty as to the qualification of any option as an Incentive Option.
Incentive Options. (i) In recognition of the considerable challenges accepted by him, Executive shall receive an Incentive Bonus consisting of a stock option grant to purchase 500,000 shares of the Company's common stock fully vested and priced at $.0001 per share. The Incentive Options shall expire five years from the date of this Agreement unless earlier exercised.
Incentive Options. Upon the authorization of this agreement, the Board will grant Employee options to purchase 60,000 shares under the current equity incentive plan, with the strike price being the FMV of the stock as of the date of grant. The options are to vest immediately.
Incentive Options. The Options shall quality as Incentive Options under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), to the extent that the aggregate fair market value of the shares underlying the Incentive Option portion that is first exercisable within the same calendar year does not exceed $100,000.00. The Grantee may not dispose of the shares underlying Incentive Options within two (2) years of the Date of Grant or one (1) year of the date of exercise of the Option. The Grantee may not transfer Incentive Options except by Last Will and Testament or the laws of descent and distribution. Incentive Options shall be subject to such other restrictions as are necessary to qualify them as Incentive Options under the Code.
Incentive Options. Officers and other key employees of the Company or of an Affiliated Company (including members of the Board if they are employees of the Company or of an Affiliated Company) are eligible to receive Incentive Options under the Plan.
