Stock Option Rights Sample Clauses

Stock Option Rights. Stock options granted under the Plan give the Participants the right to purchase shares of the Company under the terms and conditions set forth in the Option Agreement.
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Stock Option Rights. (a) For so long as Executive remains a member of the Board, Executive shall continue to vest in all outstanding options to purchase Company common stock held by Executive (“Stock Options”).
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Stock Option Rights. Upon termination of the Employment Agreement, all vested stock options previously granted to Horng under the CellStar Corporation Long-Term Incentive Plan shall be exercisable in accordance with the terms of the applicable Incentive Stock Option Agreements. Any unvested stock options shall forfeit to CellStar in accordance with the terms of the applicable Incentive Stock Option Agreements.
Sample 1
Stock Option Rights. Options under a nonstatutory stock option plan to be adopted by the Company in 2006 to purchase up to 350,000 shares of the common stock of the Company on the terms and conditions set forth in a Stock Option Agreement to be adopted by the parties. With regard to the above referenced Stock Option Agreement and any previous or subsequent Stock Option Agreements executed by the Company and the Executive, in the event that a “Change of Control”, as defined herein, occurs, notwithstanding the vesting schedule contained in any such Stock Option Agreement all options shall immediately vest upon a ‘Change of Control’ of the Company. The period of time within which any Options granted under any Stock Option Agreement may be exercised in the event of termination after a ‘Change in Control,’ shall be extended by not less than twelve (12) months after the Termination Date, but in any event, no later than the expiration date of all Options.
Sample 1
Stock Option Rights. As part of each Tranche A VSO and Tranche B VSO, the Company shall also grant a SOR. Each SOR shall represent the right, granted solely by the Company, to receive either (i) in the case of a Korean IPO, (A) a grant of an RSO subject to the terms and conditions of Section 5.2 and (B) a grant of a Korean IPO CAR subject to the terms and condition of Section 5.3, or (ii) in the case of a Non-Korean IPO, a Non-Korean IPO CAR subject to the terms and conditions of Section 5.4. SORs shall have unlimited duration while the Participant remains an employee of the Company except to the extent that the corresponding RSO is granted, in which case the SOR shall, on the Date of Grant of the RSO, be cancelled automatically without further action by any party and shall have no further force or effect. In addition, upon the grant of RSOs and Korean IPO CARs, no non-Korean IPO CARs shall be granted hereunder, and upon the grant of Non-Korean IPO CARs, no RSOs or Korean IPO CARs shall be granted hereunder. A Participant may receive more than one SOR, and the Award Certificate shall specify the number of SORs, if any, granted and the number of Shares that are covered by and that may be purchased pursuant to the corresponding RSOs. In the event of the Participant's termination of employment with the Company for any reason prior to the grant of RSOs, all SORs held by the Participant on the date of such termination shall be cancelled automatically on that date without further action required by the Committee, the Company or the Participant, and such SORs shall thereafter be of no further force or effect.
Sample 1
Stock Option Rights. Options under a nonstatutory stock option plan to be adopted by the Company in 2006 to purchase up to 350,000 shares of the common stock of the Company on the terms and conditions set forth in a Stock Option Agreement to be adopted by the parties.
Sample 1
Stock Option Rights. As of the later date of execution of this Agreement by each party, MBHC grants to Executive, in tandem with the grant of rights to so-called phantom stock specified elsewhere in this agreement, the right to purchase Stock of MBHC. The basis for any of such purchased stock value is set at 10 cents (.10). MBHC represents that it has the authority to grant Stock Option Rights and issue stock as of the date of execution by MBHC. MBHC will execute the usual and ordinary stock ownership certification in Executive's name or in the name Executive designates. The cumulative total units of the so-called phantom stock specified in this Agreement at 5.2 (2,000,000) and the Stock Options Rights specified here in 5.3 is 1,000,000 per calendar year. The exercise of a right to granted stock and/or a Stock Option Right will reduce the total stock units remaining subject to exercise by the amount so exercised. Except for the cumulative total calendar year limit, Executive may elect to exercise the right to granted stock or Stock Option Rights in any numerical combination. If a stock split or stock reversal is declared or enacted, Executive will maintain the right tot the same cumulative total units as specified in this Agreement regardless. The mounts exercised do not affect the 5,000,000 shares executive is entitled to in 5.1.
Sample 1
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Related to Stock Option Rights

  • Option Rights Except as provided below, the Option shall be valid for a term commencing on the Grant Date and ending 10 years after the Grant Date (the "EXPIRATION DATE").

  • Stock Option Grants Executive will receive an annual grant of stock options during the term of this Agreement in a manner and under terms that are consistent with grants made to other executives of the Company.

  • 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 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.

  • 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.

  • 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.

  • 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”).

  • Option Right Landlord hereby grants to the originally named Tenant herein (“Original Tenant”), and its “Permitted Assignees”, as that term is defined in Section 14.8, below, one (1) option to extend the Lease Term for a period of five (5) years (the “Option Term”), which option shall be irrevocably exercised only by written notice delivered by Tenant to Landlord not more than twelve (12) months nor less than nine (9) months prior to the expiration of the initial Lease Term, provided that the following conditions (the “Option Conditions”) are satisfied: (i) as of the date of delivery of such notice, Tenant is not in default under this Lease, after the expiration of any applicable notice and cure period; (ii) Tenant has not previously been in default under this Lease, after the expiration of any applicable notice and cure period, more than twice in the twelve (12) month period prior to the date of Tenant’s attempted exercise; and (iii) the Lease then remains in full force and effect. Landlord may, at Landlord’s option, exercised in Landlord’s sole and absolute discretion, waive any of the Option Conditions in which case the option, if otherwise properly exercised by Tenant, shall remain in full force and effect. Upon the proper exercise of such option to extend, and provided that Tenant satisfies all of the Option Conditions (except those, if any, which are waived by Landlord), the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years. The rights contained in this Section 2.2 shall be personal to Original Tenant and any Permitted Assignees, and may be exercised by Original Tenant or such Permitted Assignees (and not by any other assignee, sublessee or other “Transferee,” as that term is defined in Section 14.1 of this Lease, of Tenant’s interest in this Lease).

  • 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.

  • Incentive Stock Options If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares will be treated as long term capital gain for federal and California income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price.

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