Non Qualified Stock Option Grant. Subject to the approval of the Company's Board of Directors, you will be granted an option to purchase 250,000 shares of the Company's Common Stock on a post-split basis. The exercise price per share will be equal to the closing price of the Company's common stock on the OTC Bulletin Board on the date of grant. The option will be subject to the terms and conditions applicable to options granted under the Company's Stock Plan, as described in that Plan and the applicable stock option agreement. The option will be immediately exercisable, but the purchased shares will be subject to repurchase by the Company at the exercise price in the event that your service terminates before you vest in the shares. You will vest in 25% of the option shares after 12 months of service, and the balance will vest in three equal yearly installments over the following three years of service, as described in the applicable stock option agreement.
Non Qualified Stock Option Grant. The Company hereby grants to Optionee the option to purchase up to the number of shares of Common Stock shown as the Quantity in the Grant Details. The Option exercise price is the amount per share shown as the Exercise Price in the Grant Details. This Option is subject to the terms set forth in this Option and the terms of the Stock Option Plan described in the Grant Details (the “Plan”). This Option is intended to be a nonqualified stock option, and it is not to be characterized or treated as an incentive stock option, under applicable tax laws. 2 Grant Details Optionee: Grant Date: Expiration Date: Quantity: Exercise Price: Stock Option Plan: Vesting Schedule: 3 Term of Option This Option automatically expires at 12:00 midnight on Expiration Date described in the Grant Details. This Option may be terminated earlier by other provisions of the Plan or this Option.
Non Qualified Stock Option Grant. This Stock Option Agreement is not valid until a properly executed original copy is returned to Pxxxx Systems Corporation. If you do not return a properly executed original copy on the Effective Date listed below, you will be deemed to have rejected the agreement unless Pxxxx Systems Corporation, in its sole discretion, determines otherwise. [Non-employee Director Options to be modified as appropriate so that failure to be a director constitutes termination of employment]. Participant: «FirstName» «LastName» Effective Date: «EffectiveDate» Option Shares: «OptionShares» Exercise Price: The Market Value of one share of Common Stock on ________, 2000.
Non Qualified Stock Option Grant. The Company hereby grants to Optionee the option to purchase up to the number of shares of Common Stock shown as the Quantity in the Grant Details. The Option exercise price is the amount per share shown as the Exercise Price in the Grant Details. This Option is subject to the terms set forth in this Option. This Option being granted pursuant to this Agreement is being granted as an ”inducement” grant pursuant to and in accordance with Nasdaq Listing Rule 5635(c). Consequently, the Option being granted hereunder is not being granted under the Zix Corporation 2018 Omnibus Incentive Plan (the “Plan”). However, the Plan shall nonetheless govern the Option as if such Option was granted pursuant to and subject to the Plan. This Option is intended to be a nonqualified stock option, and it is not to be characterized or treated as an incentive stock option, under applicable tax laws.
Non Qualified Stock Option Grant. At the end of the Provisional Term, the Company shall grant Executive a non-qualified stock option (“NQSO”) of the Company’s Common Stock, par value $0.001 that shall immediately vest and that will not be an “incentive stock option” under the Company’s 2015 Stock and Option Plan (the “Plan”) exercisable for five years into 1,000,000 shares of the Company’s common stock, exercisable at the closing price of the Company’s common stock on the OTCQB or other principal exchange or market quotation and trading system on which the Company’s common stock trades. Upon Executive’s appointment, the Executive shall be eligible to participate in the Plan and may receive options or restricted shares in addition to the NQSOs, and shall be eligible to participate in other plans established by the Company from time to time any predecessor or successor plans to the Plan, subject to the terms of the Plan or predecessor or successor plans, as determined by the Board, in its discretion. Collectively, all stock, stock option or equity-linked securities or instruments plans are referred to as the “Plans.”
Non Qualified Stock Option Grant. This Amended and Restated Stock Option Agreement (this “Agreement”) amends, restates and replaces the Stock Option Agreement dated October 23, 2000 (the “Original Agreement”), between Pxxxx Systems and you. This Agreement amends the terms of the Original Agreement effective on the date of the last signature below. This Agreement is not valid until properly executed by both parties, with an original copy delivered to Pxxxx Systems. Participant: Rxxx Xxxxx, Xx. Employee ID: 18930 Effective Date: October 23, 2000 Option Shares: 950,000 Option Date: October 23, 2000 Option Price and Vesting Schedule: Vesting Date Option Shares Price October 23, 2001 190,000 $ 9.50 October 23, 2002 190,000 $ 9.50 October 23, 2003 190,000 $ 9.50 October 23, 2004 190,000 $ 9.50 October 23, 2005 190,000 $ 9.94 Expiration Date: Eleven years after the Effective Date, unless terminated earlier under the Agreement or the Plan. By signing this Agreement, the Participant: • Agrees to be bound by the terms of this Agreement and the Plan; • Acknowledges receiving an electronic or paper copy of (1) the Plan, (2) the Prospectus for the Plan, and (3) Pxxxx Systems’ most recent Annual Report on Form 10-K; and • Consents to receiving delivery of the all future communications and required documents relating to the Plan or this Agreement via TRAIN or other electronic transmission. Rxxx Xxxxx, Xx. PXXXX SYSTEMS CORPORATION Signature: /s/ Rxxx Xxxxx, Xx. By: /s/ Txxxxx X. Xxxxxxxx Name: Txxxxx X. Xxxxxxxx Date: 12-22-2006 Title: Vice President and General Counsel Date: December 27, 2006
Non Qualified Stock Option Grant. Subject to the approval of the compensation committee of the Board, within two weeks following the Effective Date, Parent and Executive will enter into a Non-Qualified Stock Option Agreement in substantially the form attached hereto as Exhibit A, with respect to stock options having an exercise price per share of Class A common stock of Parent and Class B common stock of Parent, together, of the greater of (i) $750 and (ii) the Fair Market Value (as defined in the Number Holdings, Inc. 2012 Stock Incentive Plan) thereof.
Non Qualified Stock Option Grant. Executive agrees to forfeit any right to exercise any portion of the non-qualified stock options granted to him that have vested as of the Termination Date, subject to the terms of the Company’s 2021 Equity Compensation Xxxx.Xx further options shall vest. Executive shall execute all documents necessary to reflect the cancellation or forfeiture of such options as requested.
Non Qualified Stock Option Grant. Pursuant to an August 4, 2011 meeting of the Board, the Board approved the grant to Executive, effective as of August 9, 2011, of a non-qualified stock option to purchase up to 1,500,000 shares of the Company’s common stock at an exercise price of $2.00 per share, which was the Company’s stock price at the close of business on August 9, 2011. The options will vest at 5 p.m. (Eastern time) as follows: 25% or 375,000 on August 8, 2012; 25% or 375,000 on August 8, 2013; with the remaining 750,000 in equal installments of 93,750 in each case on November 8, 2013, February 8, 2014, May 8, 2014, August 8, 2014, November 8, 2014, February 8, 2015, May 8, 2015, and August 8, 2015, provided that Executive is employed on each such vesting date and no event of Cause, as that term is defined in paragraph 8(d) below, exists on such date or dates. All options expire no later than the close of business on August 8, 2016 (the “Expiration Date”), and such grants are also subject to the other terms and conditions of the CytoDyn Inc. Stock Option Award Agreement entered into between the Company and the Executive concurrently herewith related to the above mentioned options.
Non Qualified Stock Option Grant. Grantee: [________________] Aggregate number of Shares Subject to Option: [_________] Exercise Price per Share: $[______] Grant Date: [________________]
