Stock Options and Other Benefits Sample Clauses

Stock Options and Other Benefits. In the event that the Executive is terminated for reasons other than for "cause" or in the event the Executive terminates this Agreement for "good reason", any stock options then held by the Executive and/or any other benefits subject to specified vesting criteria, shall immediately vest in the Executive; provided, however, all stock options then held by the Executive and/or any other benefits subject to specified vesting criteria shall expire and/or terminate 90 days after the date this Agreement is terminated pursuant to subsections 8(a)(i) or 8(b). The Company agrees to take such steps and to execute such documents as shall be necessary to effectuate the foregoing.
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Stock Options and Other Benefits a. SunLink has granted or shall grant to Executive, five-year options to purchase a total of 110,000 shares of the common stock of SunLink. Such grant is or shall be effective as of the date of grant as determined by the Board of Directors of SunLink. The options granted or to be granted pursuant and subject to such stock option plan were approved by SunLink's shareholders at their 2001 annual meeting at an exercise price per share equal to the closing sale price of SunLink's common stock on the American Stock Exchange (or such other exchange or system where such Shares are listed) as of the date of grant. The options so granted shall vest 20% as of the date of grant and an additional 20% annually at the first, second, third and fourth anniversaries of the date of grant.
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Stock Options and Other Benefits. In the event that Xxxxxxxxxx is terminated for reasons other than for "cause" or in the event Xxxxxxxxxx terminates this Agreement for "good reason", any stock options then held by Xxxxxxxxxx and/or any other benefits subject to specified vesting criteria, shall immediately vest in Xxxxxxxxxx; provided, however, all stock options then held by Xxxxxxxxxx and/or any other benefits subject to specified vesting criteria shall expire and/or terminate 90 days after the date this Agreement is terminated. The Company agrees to take such steps and to execute such documents as shall be necessary to effectuate the foregoing.
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Stock Options and Other Benefits. At the board's discretion, incentives may be granted after the start date and are subject to this agreement
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Stock Options and Other Benefits. Only those stock option shares vested as of the Termination Date, shall be vested, and all unvested shares are hereby forfeited. Employee shall not be eligible for future stock option grants after the Termination Date. Employee must exercise the option on vested shares within 90 days of the Termination Date or the option will terminate. The termination of Employee’s employment shall not in any way modify or otherwise /s/ DH
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Stock Options and Other Benefits a. XXXX xxxll grant to Executive, five-year options to purchase a total of 200,000 shares of common stock of KRUG. Xxch granx xxxll be effective as of the date of grant as determined by the Board. The options shall be granted pursuant and subject to a new stock option plan to be approved by KRUG'x xxxreholders at their next annual meeting and will be similar to the KRUG Xxxernational Corp. 1995 Incentive Stock Option Plan at an exercise price per share equal to the closing sale price of KRUG'x xxxmon stock on the American Stock Exchange as of the date of grant. The options so granted shall vest 20% as of the date of grant and an additional 20% annually at the first, second, third and fourth anniversaries of the date of grant.
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Stock Options and Other Benefits. (a) In the event the Executive is terminated by the Company without Cause or the Executive resigns his employment on account of a Change in Status, all Options and Restricted Stock Awards held by the Executive under the Company’s Stock Option Plans (as defined below in Section 5) shall become fully vested, notwithstanding any terms in the Company’s Stock Option Plans to the contrary. The Executive shall also continue to be provided with Company’s employee medical and dental insurance as is in effect during the Severance Period. Subject to subsection (b) and following the Severance Period, the Executive and his Spouse shall receive extended medical coverage for life, with such coverage equivalent to the coverage they would have been entitled to under such medical insurance plans if Executive had continued to be employed during such period; provided, however, in the event that such coverage cannot be provided, in whole or in part, to the Executive or his Spouse, as a non-employee subsequent to termination of employment, the Company shall instead contribute an amount to the Executive’s privately obtained benefits with comparable coverage for him and his Spouse such that the Executive is not required to pay any more for such benefits than the Executive was required to pay immediately preceding the date of termination.
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Stock Options and Other Benefits. 3.1 Non-Qualified Stock Options ---------------------------
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Stock Options and Other Benefits. 1.04 Executive shall be entitled to participate in all stock option and other incentive compensation plans of the Company. Awards to Executive pursuant to such stock option and incentive compensation plans shall be in such amounts as the Board, or the Stock Option Committee or Compensation Committee thereof, shall determine in its sole discretion. Executive shall also be entitled to participate in all other programs and benefits provided by the Company to the same extent as other executive officers of the Company.
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Related to Stock Options and Other Benefits

  • Compensation and Other Benefits Subject to the provisions of this Agreement, the Company shall pay and provide the following compensation and other benefits to the Executive during the Term as compensation for services rendered hereunder:

  • Vacation and Other Benefits Each Contract Year, Executive shall be entitled to four (4) weeks of paid vacation in accordance with Employer’s applicable policies and procedures for executive-level employees. Executive shall also be eligible to participate in and receive the fringe benefits generally made available to other executive-level employees of Employer in accordance with and to the extent that Executive is eligible under the general provisions of Employer’s fringe benefit plans or programs; provided, however, that Executive understands that these benefits may be increased, changed, eliminated or added from time to time during the Term as determined in Employer’s sole and absolute discretion.

  • Insurance and Other Benefits During the Employment Period, the Executive and the Executive’s dependents shall be entitled to participate in the Company’s insurance programs and any ERISA benefit plans, as the same may be adopted and/or amended from time to time (the “Benefits”). The Executive shall be entitled to paid personal days on a basis consistent with the Company’s other senior executives, as determined by the Board. The Executive shall be bound by all of the policies and procedures established by the Company from time to time. However, in case any of those policies conflict with the terms of this Agreement, the terms of this Agreement shall control.

  • Expenses and Other Benefits 6.1 The Company shall promptly reimburse to the Executive all reasonable travel and other out of pocket expenses properly incurred by him in the performance of his duties under the Employment. The Executive will submit claims for expenses reimbursement to the Company regularly with appropriate supporting documentation.

  • Expense Reimbursement and Other Benefits (a) During the term of Executive’s employment hereunder, pursuant to Applica’s Travel and Expense Policy and upon the submission of proper substantiation by the Executive, including copies of all relevant invoices, receipts or other evidence reasonably requested by Applica, Applica shall reimburse the Executive for all reasonable expenses actually paid or incurred by the Executive in the course of and pursuant to the business of Applica or any Affiliates.

  • Executive Perquisites, Benefits and Other Compensation Employee shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below:

  • Impact on Other Benefits The value of the Restricted Shares (either on the date hereof or at the time the Restricted Shares vest) shall not be includable as compensation or earnings for purposes of any benefit plan offered by the Corporation.

  • Effect on Other Benefits In no event shall the value, at any time, of the RSUs or any other payment under this Agreement be included as compensation or earnings for purposes of any other compensation, retirement, or benefit plan offered to employees of the Company or any subsidiary of the Company unless otherwise specifically provided for in such plan. The RSUs and the underlying shares of Common Stock (or their cash equivalent), and the income and value of the same, are not part of normal or expected compensation or salary for any purpose including, but not limited to, calculation of any severance, resignation, termination, redundancy or end-of-service payments, holiday pay, bonuses, long-service awards, leave-related payments, pension or retirement benefits, or similar mandatory payments.

  • No Other Benefits Executive understands and acknowledges that the compensation specified in Sections 2 and 3 of this Agreement shall be in lieu of any and all other compensation, benefits and plans.

  • Other Benefits During the Term, the Executive shall be eligible to participate in or receive benefits under the Company’s employee benefit plans in effect from time to time, subject to the terms of such plans.

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