Issuance of Stock Options. Executive shall receive options for ------------------------- the purchase of 50,000 shares of the Company's common stock (the "Common Stock" ------------ upon implementation of the Company's employee stock option plan on the earlier of the of consummation of the Company's initial public offering pursuant to a registration statement on Form S-1 declared effective by the Securities and Exchange Commission (the "IPO") or June 30, 1999. The options will vest as --- follows: the first 1/4 of the shares (or 12,500 shares) will vest on the first anniversary of the earlier of the IPO or June 30, 2000. The remaining 3/4 of the shares exercisable pursuant to the options (or 37,500 shares) shall vest at the rate of 1/36 per month thereafter (or 1,041.67 shares per month). All options shall be fully vested no later than the earlier of (i) a "change in control" of the Company occurs (as such term is defined under the rules promulgated under the Securities Act of 1933, as amended); (ii) the fourth anniversary of the IPO; or (iii) June 30, 2003. Executive will be eligible for grants of additional options during the Employment Period approved by the Board based on Executive's and the Company's performance. All shares and options issued to Executive shall be made through stock purchase agreements or options agreements, as appropriate, based on the Company's standard form for its executives.
Issuance of Stock Options. As compensation for the Consulting Services, subject to the terms and conditions of this Agreement, Company will issue to Consultant 7,695,273 options to purchase shares of Class A common stock of the Company (the “Class A Options”) at an exercise price of $0.025 per share. Further, Rxxxxx X. Xxxxxxxxx individually agrees to issue to Consultant 24,000 options to purchase shares of his Class B common stock of the Company (the “Class B Options”) at an exercise price of $0.50 per share (the Class A Options and the Class B Options shall collectively be referred to as the “Option Shares”). The Options shall be fully vested and shall be issued to Consultant pursuant to the Stock Option Agreement of even date herewith. 2.
Issuance of Stock Options. While any Event of Default has occurred and is continuing, enter into, or amend, any agreement that would require the Company or any Subsidiary to issue any stock options at any time, including upon the occurrence of any contingency; provided that this Section shall not prohibit an employment agreement in the ordinary course of business that would have the effect of subjecting an employee to a stock option plan applicable to other comparable employees, which plan is in existence on the Closing Date.
Issuance of Stock Options. On the Closing Date, the Purchaser or the Permitted Assignee shall deliver to the Key Employees the Stock Options described in Section 4.7.
Issuance of Stock Options. The Company shall issue to Employee an option to purchase 125,000 shares of Commonwealth common stock at an exercise price of $1.92 per share (the "New Options"), which shall be fully vested and immediately exercisable as of the date of grant under Commonwealth's 1999 Equity Incentive Plan, as amended ("the Plan"). The New Options shall be non-qualified and subject to the terms of the Plan. Notwithstanding any earlier termination of Employee's employment with the Company, the New Options may be exercised at any time for a period of ten (10) years following the date of this Amendment or seven (7) years following the termination of Employee's employment with the Company, Commerce or any of the Affiliated Entities, whichever is earlier. The New Options will be evidenced by a stock option grant agreement or other agreement in the form customarily used by the Company in connection with grants of stock options and with terms consistent with those set forth herein.
Issuance of Stock Options. Executive shall receive options for the purchase of 150,000 shares of the Company's common stock. The options will vest as follows: the first 50,000 will vest immediately upon Executive's first day of employment with the Company. The remaining options will vest as follows: the first 1/4 of the remaining options (or 25,000 options) will vest on the first anniversary of this Agreement; the remaining 3/4 of the options (or 75,000 options) shall vest at the rate of 1/36 per month thereafter (or 2,083.33 options per month). All options shall be fully vested no later than the earlier of the fourth anniversary of the date of hire. The grant date for the options will be within the first two weeks of the Employment Period on such date as determined by Executive in writing to the Company. Executive will be eligible for grants of additional options during the Employment Period approved by the Board based on Executive's and the Company's performance. All shares and options issued to Executive shall be made through stock purchase agreements or options agreements, as appropriate, based on the Company's standard form for its executives.
Issuance of Stock Options. After the Closing, Galt shall issue stock options pursuant to the 1997 Galt Stock Option Plan (as defined in Section 6.10 hereof) in the respective names and denominations listed on Schedule 1.2 hereto, with the same respective rights, privileges, terms and conditions, except as provided on Schedule 1.2 hereto and subject to applicable law, as the stock options of ICG held by such persons.
Issuance of Stock Options. Concurrently with the execution of this Agreement, the Company is granting to the Executive two nonqualified stock options, each such option to purchase up to 250,000 shares of the Company's common stock at an exercise price equal to 100% of the fair market value of the Company's common stock on the date of grant. Copies of such stock options are attached hereto as Exhibit A and Exhibit B. The Company hereby covenants and agrees to file a registration statement on Form S-8 registering the issuance of the shares of Company common stock underlying such stock options on or prior to the earlier of: (i) one year after the date of grant of such options; and (ii) the exercise by the Executive of any part of the options.
Issuance of Stock Options. The Company hereby grants to ------------------------- the Executive nonqualified stock options ("Options") to purchase 500,000 shares (the "Option Shares") of the Company's $.01 par value common stock (the "Common Stock"), pursuant to the Premiere Technologies, Inc. Second Amended and Restated 1995 Stock Plan, as amended (the "1995 Stock Plan"), having terms set forth in this Section 2.4. The Options shall vest with respect to all of the Option Shares on August 20, 1998, provided that the Executive has not voluntarily terminated his employment with the Company prior to that date, and following vesting the Options shall become exercisable on such dates and with respect to such number of Option Shares as are specified below:
Issuance of Stock Options. As part of the consideration for services hereunder Executive shall be granted 500,000 options (the "Options") with an exercise price of $2.00 per share to purchase common shares (the "Shares") of Consolidated Capital. The Options shall vest in five equal installments on each anniversary of the date of this Agreement during the Term of this Agreement so long as Executive remains in the employ of the Corporation on each such anniversary date. Vested options may be exercisable by Executive for a period of five years from the date of grant for such portion of Options designated as incentive stock options and ten years from the date of grant for such portion of Options designated as non-qualified stock options, subject to the provisions of Section 8 of this Agreement. The terms of the Options shall be set forth in an Option Agreement between Consolidated Capital and Executive (the "Option Agreement").
