Other Option Terms. The Option has been granted pursuant to the Plan, and the terms and conditions of the Plan are incorporated by reference in this Agreement as though set forth herein in their entirety.
Other Option Terms. The other terms of each option granted pursuant to this Section 11 shall be as follows:
Other Option Terms. All other terms of the Option shall be determined in accordance with the Plan and the Company’s standard Stock Option Agreement.
Other Option Terms. The Stock Option shall, to the maximum extent permitted by applicable law, be designated as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code") and to the extent not allowable, the Stock Option shall be a non-qualified stock option. To the extent that the Stock Option is a non-qualified stock option, the Executive shall be permitted to transfer the Stock Option to his immediate family members, trusts (the beneficiaries of which are exclusively such family members), family partnerships or, subject to the approval of the Compensation Committee, other persons.
Other Option Terms. The Option has been granted pursuant to the Plan, and the terms and conditions of the Plan are incorporated by reference in this Agreement as though set forth herein in their entirety. The Option is a "Non-Statutory Stock Option" as defined in the Plan. If your relationship with the Corporation (or a Subsidiary) terminates for a reason other than death, voluntary termination with the written consent of the Corporation (or a Subsidiary) or involuntary termination without cause, the Option shall terminate immediately. If your relationship with the Corporation terminates because of death, voluntary termination with written consent of the Corporation (or a Subsidiary) or involuntary termination without cause, the Option shall be exercisable to the extent permitted by Section 7 of the Plan; provided, however, that if you engage in the operation or management of a business (whether as owner, partner, officer, director, employee or otherwise) which is in competition with the Corporation (or a Subsidiary), the Administrator in its sole discretion may immediately terminate the Option. Subject to the foregoing and the provisions of the Plan, the Option may be exercised at your election, in whole or in part, at any time prior to its expiration. The Option may be exercised by (a) delivery of written notice to the Corporation setting forth your election to exercise and the number of shares of Common Stock to be purchased and (b) payment of the purchase price for the shares to be purchased. The notice must be dated and signed by the person exercising the Option. If the Option is exercised by someone other than you, the notice must be accompanied by proof, satisfactory to the Administrator, of the right of such person(s) to exercise the Option under the Plan. The date of exercise of the Option is the date on which the notice of exercise, proof of right to exercise (if required) and payment of the exercise price are received by the Corporation at its principal executive office, to the attention of the Corporation's Secretary. As of the date of exercise, you will be considered by the Corporation for all purposes to be the owner of the shares of Common Stock purchased, subject to the terms set forth in this Agreement.
Other Option Terms. The stock issued pursuant to this Plan is subject to restrictions on transfer of shares. The options may not be exercised by the Employee unless in accordance with the laws of the State of California and the Securities Act of 1933, as amended. Employee understands that the Corporation is under no obligation to register, list or qualify the shares to effect such a compliance. Any option granted pursuant to the Plan shall contain any other terms or conditions that the Board of Directors and/or the Corporation's legal counsel deem necessary.
Other Option Terms. The Option shall be subject to the terms and conditions specified in this Section 4(b). The Option shall have a ten year term. Subject to the ten year term, the vested portion of the Option can be exercised at any time by you (or by your heirs or beneficiaries if applicable) while you are providing service to the Company (or any Company affiliate) and, except if your employment is terminated for Cause (as described below), through the date that is twelve months after you cease to render service to the Company (or any Company affiliate). If your employment is terminated pursuant to Section 11(a) below between the period commencing six months prior to a Change in Control (as defined below in Section 4(c)) and extending through the date that is twelve months after the Change in Control, the Option (and any other unvested Company compensatory equity awards that you then hold) shall become fully vested and immediately exercisable as of the date of termination of employment.
Other Option Terms. Both the Initial Option and the Performance Options (collectively, the “Options”) will be subject to the terms and conditions specified in this Section 4(c)(iii). The Options will be granted with a per share exercise price equal to the closing sales price of a common share of the Company as reported on the NASDAQ Stock Market on the trading day prior to the applicable date of grant. The Options will have ten year terms unless they expire earlier in connection with a change of control of the Company or Executive’s termination of service to the Company. The Options will be granted under the Company’s 2006 Equity Incentive Plan, as may be amended from time to time (the “Stock Plan”), and will be subject to the further terms and conditions of the Stock Plan and the stock option agreements to be entered into between Executive and the Company. The Options will be intended to qualify as “incentive stock options” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), to the maximum extent possible within the limitations of the Code.
Other Option Terms. During the two-year continuation of employment period, options will continue to be subject to terms of the option agreements under which they were granted. Medical Insurance: Coverage through employment or August 31, 2007, whichever is later; Xxxxxx cost to be calculated on the same basis as other Entegris employees. Automobile: Xxxxxx shall be entitled to use his company-owned vehicle until October 31, 2005, at which time he may either buy it at the value at which it is carried on the books of Entegris or return it to the company. 401(k) Plan: Xxxxxx waives participation as of August 6, 2005, but retains distribution rights as specified in plan documents. Office Support: Xxxxxx shall receive administrative support for approved travel and assigned duties and shall submit expenses and receive reimbursement in customary employee fashion. He shall additionally remain entitled to ongoing use of a laptop computer and Blackberry or other hand-held device provided by Entegris, subject to the right of Entegris to modify access to company information in its discretion. Home Office: One-time allowance of $2,000.00. Legal Expenses: Entegris shall pay Xxxxxx’x legal fees in completing this Agreement in an amount not to exceed ten hours of total time at standard rates.
