Qualified Stock Option Plan Sample Clauses

Qualified Stock Option Plan. Pursuant to a Qualified Stock Option Plan authorized by the Board and approved by the Shareholders of Employer, Employee shall have the option to purchase up to 400,000 shares of the Employer's common shares on the following terms: up to 100,000 shares of Employer's stock in six months at $1.00 per share, up to 100,000 shares of Employer's stock in 12 months at $2.00 per share, up to 100,000 shares of Employer's stock in eighteen months at $3.00 per share and up to 100,000 shares of Employer's stock in twenty-four months at
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Qualified Stock Option Plan. Employee shall receive options to purchase 150,000 shares of HIGH SPEED stock (the "Option Stock") vesting in equal annual installments over three (3) years upon the terms and conditions set forth in HIGH SPEED's Qualified Stock Plan on the same terms made available to all officers, key employees and executives of HIGH SPEED. Except in the event of the termination of the Employee's employment with HIGH SPEED pursuant to Section 5(b), and 5(d), the Option Stock shall fully vest.
Sample 1
Qualified Stock Option Plan. For purposes of this Section 5(b), an "Employee Event" shall be deemed to occur upon: (i) Employee's termination of this Agreement pursuant to the provisions of Section 4(b); or (ii) involuntary termination of Employee by the Company for any reason other than set forth in Section 4(a).
Sample 1
Qualified Stock Option Plan. The exercise price of those Options was re-priced on June 29, 2000 to $0.75 per common share. The Options may not be exercised until the 1999 Non-Qualified Stock Option Plan has been approved by the shareholders of Xxxxx.xxx; and
Sample 1
Qualified Stock Option Plan. In connection with the foregoing, the Company may issue shares of Company Common Stock in an amount up to the total number of shares of Company Common Stock set forth on Part 2.3(b) of the Company Disclosure Schedule in exchange for such Company Options. Under no circumstances shall the Company exchange Company Options for Company Common Stock with a holder of a Company Option pursuant to the Company's 2001 Equity Incentive Plan if such holder does not, pursuant to such exchange, surrender all outstanding Company Options held by such holder pursuant to the Non-Qualified Stock Option Plan.
Sample 1

Related to Qualified Stock Option Plan

  • 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.

  • Non-Qualified Stock Option This Option is not intended to be an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code and will be interpreted accordingly.

  • Non-Qualified Stock Options The Options granted hereunder are not intended to be Incentive Stock Options or Qualified Stock Options.

  • Nonqualified Stock Options If the Shares are held for more than twelve (12) months after the date of purchase of the Shares pursuant to the exercise of an NQSO, any gain realized on disposition of the Shares will be treated as long term capital gain.

  • Exercise of Nonqualified Stock Option If the Option does not ------------------------------------- qualify as an ISO, there may be a regular federal and California income tax liability upon the exercise of the Option. Participant 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 Shares on the date of exercise over the Exercise Price. If Participant is a current or former employee of the Company, the Company may be required to withhold from Participant's compensation or collect from Participant and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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