Additional Stock Option Grants. Executive will receive an additional grant of stock options as of December 21, 1999, in the amount of shares designated in the inSilicon Option Memo issued to Executive, at $7.36 per share. These options will vest ratably over a four-year term and expire on December 21, 2009. In addition, Executive will be entitled to receive future annual grants of options during the term of this Agreement at the discretion of the Compensation Committee of the Board of Directors.
Additional Stock Option Grants. In addition to the stock --------------------------------- options described in Section 3.3 of the Employment Agreement, the Board of Directors of CTS (or the Compensation and Stock Option Committee thereof) may grant additional stock options to Executive in such amounts, at such exercise price, under such vesting schedule, and pursuant to such additional terms as it may determine in its sole discretion. EXHIBIT B OFFICER NONQUALIFIED STOCK OPTION CONTRACT (1996 STOCK OPTION PLAN) THIS NONQUALIFIED STOCK OPTION CONTRACT entered into as of February 19, 1997 between CELLULAR TECHNICAL SERVICES COMPANY, INC., a Delaware corporation (the "Company"), and XXXXXXX X. XXXXXXX (the "Optionee"). The Company and Optionee hereby agree as follows:
Additional Stock Option Grants. (a) Upon execution of a new client agreement during FY 2012, Executive will be awarded an option grant for an additional 50,000 shares of common stock, with an option exercise price equal to the closing price on the date of execution. For purposes of this clause (a), the term “new client agreement” will be deemed to mean an agreement between the Company and a customer generated from Executive’s personal contact list of providers, vendors, consulting firms and the like, including contacts of (or referrals from) such contacts, but excluding any contact the identity of whom Executive is bound to keep confidential under the terms of any employment agreement or arrangement with any prior employer.
Additional Stock Option Grants. Executive will be entitled to receive future annual grants of options during the term of this Agreement at the discretion of the Compensation Committee of the Board of Directors.
Additional Stock Option Grants. Subject to Section 4(d), the Executive will be eligible to receive a one-time stock option grant under the Plan (the “Second Stock Option”) to purchase the Company’s common stock. If awarded, the Second Stock Option shall be granted immediately prior to (and subject to) the closing of a round of equity financing which occurs after the Effective Date. This Second Stock Option shall be in the amount necessary to enable Executive’s aggregate total equity stake in the Company to be at least equal to 5% of the number of the Company’s outstanding common shares on a fully-diluted post-financing basis. The Second Stock Option granted pursuant to this Section 4(b) shall: (i) have a per share exercise price that is equal to the greater of (x) the exercise price for the Initial Stock Option or (y) 25% of the Fair Market Value of a share of the Company’s common stock on the date of grant for the Second Stock Option, (ii) vest pro-rata on a monthly basis over four years commencing on the date of grant for the Initial Stock Option and (iii) have other terms and conditions that are the same as for the Initial Stock Option.
Additional Stock Option Grants. Subject to the approval of the Board, Executive will receive additional incentive stock option grants, totaling up to 193,000 shares in aggregate, upon the achievement of 12 and 18 month milestones to be determined by the Board and Executive. These stock option grants will have exercise prices equal to the fair market value of the Company’s Common Stock as of the date of such grants and shall be subject to the Company’s standard vesting schedule. No such stock option grants will be made if Executive’s employment terminates or if there occurs a Change of Control prior to the applicable milestone dates.
Additional Stock Option Grants. The Corporation may, in its sole discretion, adopt an annual incentive program for, or that includes, the Executive and award additional stock options and/or shares of restricted stock of the Corporation to the Executive in accordance with such program.
Additional Stock Option Grants. No later than thirty (30) days after the execution of this Amendment, the Company shall grant the Executive nonqualified stock options to acquire Sixty Thousand (60,000) shares of the Company’s common stock, subject to such terms and conditions as set forth by the Company’s 2008 Stock Incentive Plan, as it may be amended by the Company from time to time, and the Term Sheet and Standard Terms and Conditions for Nonqualified Stock Options entered into by Executive and the Company. Such Term Sheet and Standard Terms and Conditions for Nonqualified Stock Options shall reflect the terms set forth in this Section 3.7 but otherwise shall be the Company’s standard form of Term Sheet and Standard Terms and Conditions for Nonqualified Stock Options. Notwithstanding any other provision of the 2008 Stock Incentive Plan to the contrary, the exercise price for the options shall be the fair market value of the Company’s common stock as of the grant date, the options shall be fully vested when granted, and the options shall expire on the fifth anniversary of the grant date (provided, that, in the event the Company enters into a merger, sale or other corporate reorganization in which it is not the surviving entity and the option is not otherwise assumed or continued by the surviving entity, the option (to the extent then outstanding) shall become fully exercisable immediately before closing of the respective transaction and shall terminate as of the date of such closing).
Additional Stock Option Grants. The Company shall grant the Executive, subject to stockholder approval of an amendment to the Company’s Plan, a 10-year non-qualified stock option to purchase 1,000,000 shares of the Company’s common stock pursuant to the Plan, at an exercise price per share determined at the close of business on the Execution Date, which shall be the date of grant, vesting upon the consummation of a Debt Restructure (as defined in 3.B below) with an entity sourced by the Executive before or after the Effective Date, including but not limited to the persons and entities set forth on Exhibit A, their beneficial owners, family members or affiliates. The options shall not terminate before their ultimate 10-year expiration date because the Term or any extension thereof has previously expired.
Additional Stock Option Grants. In its sole discretion, the Company may grant to Executive from time to time other stock options to purchase additional shares of Company common stock, also pursuant to the Plan and such other terms and conditions set forth at the time of such grant (the “Additional Option Grants,” and together with the “Initial Option Grants” and “Annual Option Grants,” the “Option Grants”) and may also grant other forms of equity as permitted by the Plan.
