Executive Stock Option Plan Sample Clauses

Executive Stock Option Plan. Executive will be eligible for consideration for grants of stock options in accordance with the terms and conditions of SynQuest's Stock Option Plan (or successor stock option plan adopted by SynQuest during the term of this Agreement). The decision as to whether to grant options under the plan to Executive (and, if so, how many) will be solely within the discretion of the Board, and such grants, if any, will be subject to any terms and conditions imposed thereon by the Board.
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Executive Stock Option Plan. Executive will be eligible for consideration for grants of stock options in accordance with the terms and conditions of SynQuest's Stock Option Plan (or successor stock option plan adopted by SynQuest during the term of this Agreement). The decision as to whether to grant options under the plan to Executive (and, if so, how many) will be solely within the discretion of the Board, and such grants, if any, will be subject to any terms and conditions imposed thereon by the Board. A recommendation for the grant to executive of an option for 150,000 shares of common stock will be submitted to the Board at the first meeting of the Board following the date your employment commences under this Agreement.
Sample 1
Executive Stock Option Plan. Executive will be eligible for consideration for grants of stock options in accordance with the terms and conditions of SynQuest's Stock Option Plan (or successor stock option plan adopted by SynQuest during the term of this Agreement). The decision as to whether to grant options under the plan to Executive (and, if so, how many) will be solely within the discretion of the Board, and such grants, if any, will be subject to any terms and conditions imposed thereon by the Board. An initial recommendation to the Board for a grant of options to purchase 50,000 shares of SynQuest common stock will be made at the first meeting of Compensation Committee of the Board following February 1, 2001.
Sample 1
Executive Stock Option Plan. Your termination of employment will be treated as an involuntary termination for purposes of this Plan. Consequently, after the Termination Date, vesting of stock options granted to you under the Plan will cease and, subject to the provisions of the said Plan, you may exercise options that are vested at the Termination Date within 60 days following the Termination Date. All non-vested options at the Termination Date will be cancelled at that date. Omnibus Plan Your termination of employment will be treated as an involuntary termination for purposes of this Plan. Consequently, after the Termination Date, vesting of stock options granted to you pursuant to this Plan will cease and, subject to the provisions of the said Plan, you may exercise options that are vested at the Termination Date within 90 days following the Termination Date. All non-vested options at the Termination Date will be cancelled at that date. In addition, under the rules of this Plan, any Restricted Stock Units (RSUs) and Performance Conditioned Restricted Stock Units (PCRSUs) granted to you but not vested at the Termination Date will be cancelled. For more information, please contact Xxxxx Xxxxxxx, at 514-848-5555 ext. 85475.
Sample 1
Executive Stock Option Plan. 6.1. Without derogating from and in addition to the Salary set forth in Section 5 above, subject to the approval of the board of directors of the Company, the Company may grant the Executive equity compensation, through options (the “Options”) or RSU’s all in accordance with the Company’s Compensation Policy as shall be in effect from time to time (the “Compensation Policy”). Any grant of Options or RSU’s shall be subject to all approvals as required by law, including that of a general meeting of shareholders, as required.
Sample 1
Executive Stock Option Plan. After your Separation Date, you will not accrue any additional vesting of stock options granted to you under the Executive Stock Option and Share Purchase Plan (the “Executive Stock Option Plan”). Your termination shall be considered a retirement for purposes of the Executive Stock Option Plan. • Subject to your retirement on the Retirement Date, you will have until the earlier of July 1, 2012 and the normal expiration date of the stock options to exercise the vested stock options granted to you under the Executive Stock Option Plan, subject to the provisions of the Executive Stock Option Plan, your grant letter governing the vested options, and this Letter. The stock options not vested as of the Separation Date will be cancelled and forfeited without payment effective as of the Separation Date. You agree that the calculation of the number of vested and forfeited options reflected in the table attached to this Letter is correct and that you have no rights with respect to such options other than to exercise the vested options in accordance with the provisions of the Executive Stock Option Plan, your grant letter and this Letter. • For more information, please contact Xxxxx Xxxxxxx at 000-000-0000, ext. 85475.
Sample 1
Executive Stock Option Plan. Executive will be eligible for consideration for grants of stock options in accordance with the terms and conditions of SynQuest's Stock Option Plan (or successor stock option plan adopted by SynQuest during the term of this Agreement). The decision as to whether to grant options under the plan to Executive (and, if so, how many) will be solely within the discretion of the Board, and such grants, if any, will be subject to any terms and conditions imposed thereon by the Board. On August 24, 1998 the Board approved the grant of an option to the Executive in the amount of 100,000 shares of common stock of SynQuest, exercisable at $3.00 per share. The option will become effective on the first day of employment under the terms of this agreement.
Sample 1
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Related to Executive Stock Option Plan

  • Employee Stock Option Plan Employee shall be entitled to participate in the Employee Stock Option Plan of the Company once approved by the Board of Directors.

  • Incentive Stock Option If this Option qualifies as an ISO, the Optionee will have no regular federal income tax liability upon its exercise, although the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price will be treated as an adjustment to alternative minimum taxable income for federal tax purposes and may subject the Optionee to alternative minimum tax in the year of exercise. In the event that the Optionee ceases to be an Employee but remains a Service Provider, any Incentive Stock Option of the Optionee that remains unexercised shall cease to qualify as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option on the date three (3) months and one (1) day following such change of status.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Employee Stock Options (a) At the Effective Time, each Eligible Stock Option that is then outstanding under the Company Option Plan, whether vested or unvested, shall be assumed by Parent in accordance with the terms (as in effect as of the date of this Agreement) of the Company Option Plan and the stock option agreement by which such Eligible Stock Option is evidenced. All rights with respect to Company Common Stock under outstanding Eligible Stock Options shall thereupon be converted into rights with respect to Parent Common Stock. Accordingly, from and after the Effective Time, (a) each Eligible Stock Option assumed by Parent may be exercised solely for shares of Parent Common Stock, (b) the number of shares of Parent Common Stock subject to each such assumed Eligible Stock Option shall be equal to the number of shares of Company Common Stock that were subject to such Eligible Stock Option immediately prior to the Effective Time multiplied by the Exchange Ratio, rounded down to the nearest whole number of shares of Parent Common Stock, (c) the per share exercise price for the Parent Common Stock issuable upon exercise of each such assumed Eligible Stock Option shall be determined by dividing the exercise price per share of Company Common Stock subject to such Eligible Stock Option, as in effect immediately prior to the Effective Time, by the Exchange Ratio, and rounding the resulting exercise price up to the nearest whole cent, and (d) all restrictions on the exercise of each such assumed Eligible Stock Option shall continue in full force and effect, and the term, exercisability, vesting schedule and other provisions of such Eligible Stock Option shall otherwise remain unchanged; provided, however, that each such assumed Eligible Stock Option shall, in accordance with its terms, be subject to further adjustment as appropriate to reflect any stock split, reverse stock split, stock dividend, recapitalization or other similar transaction effected by Parent after the Effective Time. The Company and Parent shall take all action that may be necessary (under the Company Option Plan and otherwise) to effectuate the provisions of this Section 1.6.

  • Incentive Stock Options If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares will be treated as long term capital gain for federal and California income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price.

  • Company Stock Option Plans Simultaneously with the execution of this Agreement, the Board of Directors of the Company (or, if appropriate, any committee administering the Company Stock Option Plans) shall adopt such resolutions or take such other actions as are required to effect the transactions contemplated by Section 2.10 in respect of all outstanding Options and thereafter the Board of Directors of the Company (or any such committee) shall adopt any such additional resolutions and take such additional actions as are required in furtherance of the foregoing.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Nonstatutory Stock Option The Optionee may incur regular federal income tax liability upon exercise of a NSO. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If the Optionee is an Employee or a former Employee, the Company will be required to withhold from his or her compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

  • Nonqualified Stock Option The Option is a nonqualified stock option and is not, and shall not be, an incentive stock option within the meaning of Section 422 of the Code.

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