Stock Options and Bonuses Sample Clauses

Stock Options and Bonuses. Beginning the first day following the ------------------------- Earnout Period (as defined in the Exchange Agreement), the Employee shall be eligible to receive an option or options to purchase such number of shares of Class A Common Stock $.01 par value of the Company ("Common Stock"), and Employee shall be eligible for bonuses on a basis which shall be consistent with that of other senior level executives of at least the level in the Company as the Employee. Any such grants shall be made only if the Company is then a public company. If no options have been granted to Employee by the first day following the Earnout Period, then commencing on such date, Employee shall be eligible for a bonus in lieu of such options.
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Stock Options and Bonuses. Officer will be eligible to participate in Employer's stock option plan and bonus plan or policy for persons holding similar executive positions with Employer. The number of options granted to Officer, if any, and the terms of such options are solely within the discretion of Employer's Board of Directors, except that, as of the date of this Agreement, Employer has granted to Officer options to purchase 40,000 shares of Common Stock of Employer under the terms of the 1993 Stock Option Plan; such options have an exercise price of $6.75 per share. Notwithstanding the provisions of the first sentence of Section 2.04 of the 1993 Stock Option Plan (and in accordance with the provisions of Section 2.01 of the 1993 Stock Option Plan), the vesting period of such stock options will be as follows: Options for 10,000 shares will vest six months after the date of this Agreement, options for an additional 10,000 shares will vest 12 months after the date of this Agreement, options for an additional 10,000 shares will vest 24 months after the date of this Agreement, and options for the final 10,000 shares will vest 36 months after the date of this Agreement. In all other respects the terms of the 1993 Stock Option Plan will govern the rights of Officer with respect to the foregoing stock options, except that full vesting of such stock options will occur upon a Change in Control (as defined below), in addition to the other events that, under the terms of the 1993 Stock Option Plan, cause full vesting of such stock options prior to the dates set forth in the vesting schedule set forth above. The amount of bonus paid, if any, will be determined annually in accordance with the Company's bonus plan or policy in effect from time to time.
Sample 1
Stock Options and Bonuses. As additional consideration for entering into this Employment Agreement Employer hereby grants to Employee a stock option to purchase 8,000 shares of Employer's stock at a price equal to the fair market value of such stock on the date of execution of this agreement. The stock purchase rights under said stock option shall vest in Employee as follows:
Sample 1
Stock Options and Bonuses. As part of the consideration for entering into the prior Employment Agreement dated March 11, 1997, Employer granted to Employee a stock option to purchase 8,000 shares of Employer's stock at a price equal to the fair market value of such stock. No additional options are granted as part of this Agreement although the final 20% of the 8,000 share option granted earlier shall vest in Employee on January 1, 2001 provided this Agreement is fully executed and Employee is still employed on said date. Employer may consider granting additional stock options and bonuses from time to time during the term, but shall not be obligated to do so.
Sample 1
Stock Options and Bonuses. Key employees of the Seller (but not the Principals) will be eligible to receive incentive stock options ("ISO's") to purchase an aggregate of 35,000 shares of Vestcom's Common Stock pursuant to Vestcom's Equity Compensation Program, with an exercise price equal to fair market value (as defined in such Program) on the date of grant. It is understood that Xxx Xxxxxxx and Xxxx Xxxxxxxx will receive fifty percent (50%) (allocated equally between them) of such ISO's. The remaining ISO's will be granted to such employees of the Seller as are allocated in consultation with Xxxxxxx X. Xxxxxxxx, Xx. All options shall be granted within thirty (30) days after the Closing Date.
Sample 1
Stock Options and Bonuses. Officer will be eligible to participate in Employer's stock option plan and bonus plan or policy for persons holding similar executive positions with Employer. The number of options granted to Officer, if any, and the terms of such options are solely within the discretion of Employer's Board of Directors. The amount of bonus paid, if any, will be determined annually in accordance with the Company's bonus plan or policy in effect from time to time.
Sample 1

Related to Stock Options and Bonuses

  • 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.

  • 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 Options and Restricted Stock Units The Executive acknowledges that as of the Resignation Date, the Executive was vested in Stock Options and Restricted Stock Units (“RSUs”) as reflected in the report attached as Exhibit A hereto. Except as specifically set forth herein, the Executive’s rights with respect to Stock Options and RSUs issued to him/her are governed by the Stock Option and Restricted Stock Unit Agreements entered into between the Executive and the Company, and the applicable Company equity incentive plan(s) and Notice(s) of Grant.

  • 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.

  • 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.

  • Company Stock Options At the Effective Time, each Company Stock --------------------- Option shall be deemed to have been assumed by Evergreen, without further action by Evergreen, and shall thereafter be deemed an option to acquire, on the same terms and conditions as were applicable under such Company Stock Option, that number of shares of Surviving Corporation Common Stock that would have been received in respect of such Company Stock Option if it had been exercised immediately prior to the Effective Time (such Company Stock Options assumed by Evergreen, the "Assumed Chancellor Stock Options"); provided, however, that, for -------- ------- each optionholder, (i) the aggregate fair market value of Surviving Corporation Common Stock subject to Assumed Chancellor Stock Options immediately after the Effective Time shall not exceed the aggregate exercise price thereof by more than the excess of the aggregate fair market value of Company Common Stock subject to Company Stock Options immediately before the Effective Time over the aggregate exercise price thereof and (ii) on a share-by-share comparison, the ratio of the exercise price of the Assumed Chancellor Stock Option to the fair market value of the Surviving Corporation Common Stock immediately after the Effective Time is no more favorable to the optionholder than the ratio of the exercise price of the Company Stock Option to the fair market value of the Company Common Stock immediately before the Effective Time; and provided, -------- further, that no fractional shares shall be issued on the exercise of such ------- Assumed Chancellor Stock Option and, in lieu thereof, the holder of such Assumed Chancellor Stock Option shall only be entitled to a cash payment in the amount of such fraction multiplied by the closing price per share of Surviving Corporation Common Stock on the Nasdaq National Market on the business day immediately prior to the date of such exercise.

  • 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.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • 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.

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