Grant of Incentive Stock Options. At the time of the grant of any Option, the Committee may in its discretion designate that such Option shall be made subject to additional restrictions to permit it to qualify as an Incentive Stock Option. Any Option designated as an Incentive Stock Option:
Grant of Incentive Stock Options. (a) The Company irrevocably grants to the Employee, as a matter of separate agreement and not in lieu of salary or other compensation for services, the right and option (the "Options") to purchase all or any part of an aggregate of ____________ shares of authorized but unissued or treasury common stock of the Company (the "Shares") on the terms and conditions herein set forth. The Shares shall be unregistered unless the Company voluntarily files a registration statement covering such Shares with the Securities and Exchange Commission.
Grant of Incentive Stock Options. (a) The Company, pursuant to the 2001 Plan, hereby grants to Grantee, as of December 31 of each year, beginning December 31, 2003, assuming Grantee is the __________ of the Company or Old Line Bank (the "Bank") on such date and assuming options are available for issuance under the 2001 Plan on such date, Options (which are intended to be Incentive Stock Options) to purchase ____ shares of Common Stock. The Option Price per share shall be equal to the Fair Market Value on the Grant Date.
Grant of Incentive Stock Options. The Board may, from time to time, grant Incentive Stock Options to members of the Board of Directors who are also employees of the Bank. Incentive Stock Options granted pursuant to the Plan shall be subject to the following terms and conditions:
Grant of Incentive Stock Options. The Company hereby grants to the Optionee as of the Grant Date the right and option (the "Non-Qualified Option" and, together with the ISO Option, the “Option”) to purchase 655,000 Shares, in whole or in part (the "Non-Qualified Option Stock"), at an exercise price of One and 25/100 ($1.25) Dollars per Share, on the terms and conditions set forth in this Agreement and subject to all provisions of the Plan. If, for any reason whatsoever, the Commencement Date under the Employment Agreement shall not occur, then the grant hereunder shall become null and void, and this Agreement shall be null and void, and of no further force and effect.
Grant of Incentive Stock Options. The Company hereby grants to the Executive the right to purchase Five Hundred Thousand (500,000) of the Company's Common Stock $.001 par value, at a price of Four Dollars and 18/00 ($4.18) per share. These Incentive Stock Options are granted as of July 16, 1998 and are subject to the terms and conditions hereinafter set forth and as referred to in the Executive Employment Agreement.
Grant of Incentive Stock Options. (a) In consideration of the services to be provided by the Executive set forth herein and subject to the approval of the Board, the Company shall issue to the Executive stock incentive options (the “Options”) to purchase five hundred thousand (500,000) shares of the Company’s common stock (the “Shares”, and together with the Options, “Securities”) pursuant to the Company’s 2019 Stock Option Plan every year during the Employment Term so long as the Executive provides satisfactory services to the Company, as reasonably determined by the Company in its sole discretion, and meets all of the conditions set forth in the Strategic Development Agreement dated the Effective Date (the “Strategic Development Agreement”). Subject to the terms and conditions in the Option Agreement, the Options shall vest in four equal installments each quarter commencing from the Effective Date and shall become exercisable one (1) year after the date of the grant of such Option. The Company and Executive agree that issuance of the Options is an inducement material to entering into this Agreement.
Grant of Incentive Stock Options. Subject to required approval of the Compensation Committee of the Board of Directors of Alliance Bankshares Corporation , within sixty (60) days of the commencement of Employee’s active employment under this Employment Agreement,Executive shall receive a grant of 10,000 incentive stock options (“ISO”) (or, if the applicable ISO limits are reached, nonqualified stock options) pursuant to the terms of the Alliance Bankshares Corporation 2007 Incentive Stock Plan (“Stock Plan”). The specified terms of such stock option grant shall be established in accordance with the terms of the Stock Plan and shall be set forth in a separate stock option agreement.
Grant of Incentive Stock Options. The Company hereby irrevocably grants to the Optionee not in lieu of salary or other compensation for services, the right and option to purchase all or any part of [NUMBER OF SHARES] shares of authorized but unissued or treasury common stock of the Company (the “Incentive Options”) on the terms and conditions herein set forth. This Agreement replaces any stock option agreement or offer letter previously provided to the Optionee, if any, with respect to these Incentive Options. The Optionee acknowledges receipt of a copy of the Plan, as amended. The exercise of the Incentive Options is subject to the Company effecting a reverse split or
Grant of Incentive Stock Options. The Committee may, from time to time, grant Incentive Stock Options to Employees. Incentive Stock Options granted pursuant to the Plan shall be subject to the following terms and conditions:
