Stock Option. The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth on Schedule A. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time prior to the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement. Schedule A sets forth the date or dates after which the Optionee may exercise all or part of the Stock Option, subject to the provisions of the Plan.
Stock Option. Subject to approval by the Board, the Company will grant Executive, during the fourth calendar quarter of 2015 (and subject to Executive’s continued employment with the Company through the grant date), under the Company’s 2015 Equity Incentive Plan (the “Plan”), an incentive stock option to purchase 130,444 shares of Company common stock (an “Option”), with an exercise price equal to $1.12 per share, which is equal to the fair market value of the shares of Company common stock underlying the Option on the grant date. Subject to Executive’s continued employment with the Company through the applicable vesting date, the Option will vest and become exercisable with respect to one-forty-eighth (1/48th) of the shares subject thereto on each monthly anniversary of January 1, 2016. Notwithstanding the foregoing, if the Company experiences a Change in Control (as defined in the Plan) prior to the full vesting (or forfeiture) of the Option and Executive’s employment is terminated by the Company without Cause (as defined below) within three (3) months prior to the consummation of such Change in Control, then, subject to Section 6(b) below, one hundred percent (100%) of any then-unvested portion of the Option will vest and become exercisable immediately prior to such Change in Control. In addition, (i) if the Company experiences a Change in Control (as defined in the Plan) prior to the full vesting (or forfeiture) of the Option and Executive remains employed by the Company through at least immediately prior to such Change in Control, fifty percent (50%) of any then-unvested portion of the Option shall vest immediately prior to such Change in Control, and (ii) if the Company experiences a Change in Control (as defined in the Plan) prior to the full vesting (or forfeiture) of the Option and Executive’s employment is terminated by the Company without Cause within two (2) years following the consummation of such Change in Control, subject to and conditioned upon Executive’s timely execution and non-revocation of a Release (as defined below), one hundred percent (100%) of any then-unvested portion of the Option will vest in full and become exercisable upon the effectiveness of the Release. Each Option will be subject in all respects to the terms and conditions set forth in the Plan and in an award agreement to be entered into between the Company and Executive, which will evidence the grant of the Option (each, an “Option Agreement”).
Stock Option. Stock Option means the right to purchase, upon exercise of a stock option granted under the Plan, shares of Common Stock. The right and option to purchase shares of Common Stock pursuant to this Award Agreement shall not constitute and shall not be treated for any purpose as an “incentive stock option,” as such term is defined in Code Section 422(b).
Stock Option. (a) The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth in Paragraph (b) of this Section. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time between six months and the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement.
Stock Option. The Employee shall be granted stock options from time to time as determined by the Compensation Committee of the Corporation which options will be in accordance with the Corporation's Stock Option Plan.
Stock Option. Upon execution of this Agreement the Independent Director shall be granted a 10-year option to purchase Twenty Thousand (20,000) shares of common stock of the Company, with an exercise price equal to the fair market value of a share of the Company’s common stock on the date of the grant of the option. Such option shall vest in equal installments on July 14, 2013, October 14, 2013, January 14, 2014 and April 14, 2014, as long as the Independent Director is serving as a member of the Board of Directors at each such time. Such award shall be made pursuant to the Company’s 2009 Omnibus Securities and Incentive Plan. The Independent Director’s rights in respect to any grant shall be determined solely by the Compensation Committee of the Company and are subject to execution by Independent Director of any applicable agreements as established and requested by the Company pursuant to the 2009 Omnibus Securities and Incentive Plan.
Stock Option. Subject to approval by the Board of Directors, you will be granted, as of your Start Date, an incentive stock option under the COmpany's 1998 Stock Option Plan (the "Stock Option Plan") to purchase up to 757,813 shares of the Company's common stock, $.0001 par value per share (the "Common Stock") (or such greater amount, if any, which shall be equal to four percent (4%) of the common stock of the Company outstanding on the Start Date), at an exercise price equal to the then current fair market value per share of the Common Stock as determined by the Board of Directors, pursuant to a separate stock option agreement substantially in the form attached hereto as Exhibit A, with such changes as you and the Company mutually agree upon (provided, however, that to the extent any provision of such exhibit is inconsistent with an express provision contained in this Agreement, this Agreement shall prevail and the form of option agreement shall be appropriately revised). Notwithstanding the foregoing, if applicable tax laws or regulations limit the number of options which may be granted as incentive stock options, then the balance of such options shall be granted as "non-qualified stock options" and the company shall issue to you one or more separate non-qualified stock option agreements substantially in the form attached hereto as Exhibit B with respect to such options, with such changes as you and the company mutually agree upon (provided, however, that to the extent any provision of such exhibit is inconsistent with a express provision contained in this Agreement, this Agreement shall prevail and the form of option agreement shall be appropriately revised). Although the company and you intend that the stock options described above be in lieu of normal or other option grants through the end of March, 2001, the Board of Directors may at any time in its discretion consider you for possible future annual or other grants of options and commencing April, 2001, shall at least once during each year consider you for a grant of additional options.
Stock Option. On the Effective Date, Consultant will receive an option to purchase 5,000,000 shares of common stock of the Company pursuant to the Company’s 2017 Stock Option and Stock Bonus Plan (the “2017 Plan”) and the Stock Option Agreement between the Company and Consultant dated January 1, 2017. On September 1, 2017, Consultant will receive an option to purchase 5,000,000 shares of common stock of the Company pursuant to the 2017 Plan and the Stock Option Agreement between the Company and Consultant dated September 1, 2017.
Stock Option. The Company agrees to issue the Employee an option to purchase up to 1,000,000 shares of common stock of the Company per year at any time prior to the conclusion of the first year of the Agreement, i.e. prior to 365 days after execution of the Agreement, at a price of $0.05 per share, and annually thereafter for a total of 5 consecutive years. The shares purchased under this option shall be considered subject to all rights and restrictions set forth in this Schedule.
Stock Option. Effective as of the date hereof (the "Effective ------------ Date"), under the terms of the American TeleSource International, Inc. (ATSI) 1997 Stock Option Plan (the "Plan"), ATSI, an Ontario corporation ("ATSI"), hereby grants to Executive the option (the "Option") to purchase shares (the "Option Shares") of Common Stock, no par value per share, of ATSI, subject to the requisite approval of the Plan by ATSI's Board of Directors and ATSI's shareholders. The number of Option Shares, the purchase price per Option Share and the installments and dates in which the Executive shall have the right to exercise the Option are attached to this Agreement as Exhibit "B". The Plan is attached to this Agreement as Exhibit "A". Beginning on the Effective Date, such installments shall be cumulative (i.e. once the right to purchase the number of shares of an installment has accrued, such shares may be purchased at any time thereafter, or in part from time to time, until the business day immediately preceding the tenth anniversary of the Effective Date (the "Expiration Date") or until such earlier date as set forth in the following paragraph. Notwithstanding the preceding sentence, upon the occurrence of a Change in Control, Executive's right to exercise the Option shall become fully vested (i.e., all unissued Option Shares may be purchased at any time thereafter, or in part from time to time, until the Expiration Date or until such earlier date as set forth in the following paragraph). Upon termination of Executive's employment pursuant to Paragraph 1(D)(4) ----------------- (Termination by the Company for Cause) or paragraph 1(D)(6) (Voluntary ----------------- Termination by Executive), the Option shall remain exercisable for the four month period following such termination, but only to the extent such option was exercisable at termination. Upon termination of Executive's employment pursuant to paragraph 1(D)(1) (Death) or paragraph 1(D)(2) ----------------- ----------------- (Disability), the Option, to the extent then exercisable, shall remain exercisable for the one-year period following such termination. Upon termination of Executive's employment pursuant to paragraph (D)(3) (Termination by the ---------------- Company without Cause) or paragraph 1(D)(5) (By the Executive for Good Reason), ----------------- Executive's right to exercise the Option shall become fully vested and the Option shall remain exercisable for the four-month period following such termination.
