Restricted Stock Option Sample Clauses

Restricted Stock Option. 5. (a) As additional compensation, Employer agrees to provide Employee with the option to purchase 50,000 shares of common stock for a total cost of $10.00. This restricted stock option shall vest six months after the execution of this employment agreement. However, the Employee may only purchase fifty (50) percent of the restricted stock option at the end of his first year of employment (i.e., 25,000 shares). Employee shall have fifteen (15) business days after the end of his first year of employment to exercise this restricted stock option. The Employee may purchase the remaining fifty (50) percent of the restricted stock option at the end of his second year of employment. Employee shall have fifteen (15) business days after the end of his second year of employment to exercise this restricted stock option.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Restricted Stock Option. The Company shall issue to Employee 20,000,000 shares of Eastons’s common stock issued at a price of $0.005 per share.
Sample 1Sample 2Sample 3
Restricted Stock Option. Simultaneously with the execution of this Agreement, the Executive shall be entitled to receive and the Company shall issue to the Executive an Option to purchase shares of the Company's authorized and previously unissued $0.00001 par value common stock (the "Option Shares"), as set forth on the attached Schedule "A", which shall, upon issuance, be subject to all of the following terms and conditions:
Sample 1Sample 2
Restricted Stock Option. 7.2.1 EMPLOYER hereby grants EMPLOYEE the option to purchase additional shares of its common stock, exercisable on and after each anniversary date of this Agreement and any extensions thereof (each such anniversary date being hereinafter referred to as "Exercise Date"), at a price equal to 75% of its fair market value on the Exercise Date ("Option").
Sample 1
Restricted Stock Option. As a further inducement to the Executive to enter into this Agreement and to provide a means of enhancing the Executive's proprietary interest in the Company and to increase the Executive's incentive, the Company hereby grants to the Executive the right and option to purchase from the Company up to (_______) shares of its _________, exercisable upon the following terms and conditions-
Sample 1
Restricted Stock Option. The Parent shall have executed the restricted Stock Option.
Sample 1
Restricted Stock Option. Upon execution of this Agreement the Director shall be granted an option to purchase two hundred fifty thousand (250,000) shares of common stock of the Company, with an exercise price equal to the closing price on June 7, 2013 which is $3.52 and vesting period is 12 months from the grant date of 10th June, 2013. Validation period is for 10 years after the vesting period or until 10th June 2024. The Director’s rights in respect to any grant shall be determined solely by the Compensation Committee of the Company and are subject to execution by Director of any applicable agreements as established and requested by the Company pursuant to the 2012 Stock Option Plan. Should the Director cease to provide his director services under this Agreement due to his disability as determined by the Company in good faith, the Company shall afford the Director (or his representative) the maximum time period permissible under the 2012 Stock Option to exercise his options, and in no case less than one year immediately following such good faith determination of disability. AGREED AGREED FAB UNIVERSAL CORP. DIRECTOR /s/ Zhang, Hongcheng /s/Xxxxx X. Xxxxxx, Xx. Name: Zhang, Hongcheng Name: Xxxxx X. Xxxxxx, Xx. Title: Chairman
Sample 1
AutoNDA by SimpleDocs
Restricted Stock Option. Optionee may elect to exercise any portion of the Option prior to the Shares becoming vested pursuant to Section 3 hereof. Upon exercise of the Option to purchase unvested Shares, Optionee shall receive shares of stock, which until vested, shall be restricted ("Restricted Stock"). The Restricted Stock shall be subject to the following terms and conditions:
Sample 1

Related to Restricted Stock Option

  • Restricted Stock Grant As a member of Employer’s senior management team, Employee will be eligible for annual Restricted Stock Grants pursuant to Anaren’s 2004 Comprehensive Long Term Incentive Plan, as amended (“2004 Plan”) equal in value to 22% of his Base Salary for the respective year. Restrictive Stock Grants will be made annually at the same time other Restricted Stock Grants are made by Anaren to its senior management team, provided Employee is employed with Employer on that date. All Restricted Stock grants issued pursuant to this provision will be subject to the terms of the 2004 Plan, including, but not limited to, a thirty-six (36) month forfeiture provision. Notwithstanding anything to the contrary, in the event Employee’s employment concludes on or after the expiration of the Period of Employment, Employee shall be entitled if the forfeiture period has not otherwise lapsed only to a pro rata portion of each unvested Restricted Stock Grant based on the number of months employed by Employer from the date of grant to the expiration of the Period of Employment date. In the way of example, if Employee has been employed for 18 months of the 36 month forfeiture period at the end of his Period of Employment, he will receive 50% of the Restricted Shares granted. If Employee remains employed by Employer on a full time basis (30 hours or more per week) after the Period of Employment as an at-will Employee, all previously issued restricted stock shall continue to vest in accordance with the terms of the 2004 Plan.

  • Restricted Stock Award Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Participant _____ Shares (the “Restricted Shares”), which shall vest and become nonforfeitable in accordance with Section 3 hereof.

  • Stock Option The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth on Schedule A. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time prior to the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement. Schedule A sets forth the date or dates after which the Optionee may exercise all or part of the Stock Option, subject to the provisions of the Plan.

  • Restricted Stock and Stock Options Employer shall cause the Compensation Committee of the Board of Directors of Employer to review whether Employee should be granted shares of restricted stock and/or options to purchase shares of common stock of CBSI. Such review may be conducted pursuant to the terms of the Community Bank System, Inc. 2014 Long-Term Incentive Plan, a successor plan, or independently, as the Compensation Committee shall determine. Reviews shall be conducted no less frequently than annually.

  • Stock Options (a) Subsequent to the effectiveness of the Form 10, but prior to the consummation of the Distribution, and subject to the consummation of the Distribution, each option to purchase ALTISOURCE Common Stock (“ALTISOURCE Stock Options”) granted and outstanding under the 2009 Equity Incentive Plan of ALTISOURCE (“ALTISOURCE Option Plan”) shall remain granted and outstanding and shall not, and ALTISOURCE shall cause (to the maximum extent permitted under the ALTISOURCE Option Plan) the ALTISOURCE Stock Options not to, terminate, accelerate or otherwise vest as a result of the Distribution, and each holder thereof immediately prior to the Distribution will be entitled to the following, determined in a manner in accordance with, and subject to, the ALTISOURCE Option Plan, FAS123R and Section 409A of the Internal Revenue Code: (i) an option to acquire a number of shares of Residential Class B Common Stock equal to the product of (x) the number of shares of ALTISOURCE Common Stock subject to the ALTISOURCE Stock Option held by such holder on the Distribution Date and (y) the distribution ratio of one (1) share of Residential Class B Common Stock for every three (3) shares of ALTISOURCE Common Stock (the “Residential Stock Options”), with an exercise price to be determined in a manner consistent with this Section 3.04 and (ii) the adjustment of the exercise price of such holder’s ALTISOURCE Stock Option, to be determined in a manner consistent with this Section 3.04 (the “Adjusted ALTISOURCE Stock Options”) (the Residential Stock Options and the Adjusted ALTISOURCE Stock Options, together, the “Post-Distribution Stock Options”).

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 10,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • Restricted Stock Awards Each Restricted Stock Award shall be evidenced by a Restricted Stock Award Agreement, which shall comply with and be subject to the following terms and conditions:

  • 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.

  • Stock Option Awards During the Term, the Executive shall be eligible for awards of options to purchase shares of the Company’s common stock (the “Stock Options”), such Stock Options to be awarded in the sole discretion of the Compensation Committee and in accordance with the terms of the Company’s Stock Option Plan, as such Stock Option Plan may be amended, suspended or terminated from time to time.

  • 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.

Time is Money Join Law Insider Premium to draft better contracts faster.