Xxxxx of Options. Employee is further hereby awarded the grant of a non-statutory option to purchase, in whole or in part, on the terms herein provided, a total of 30,000 Common Shares at $32.45 per Common Share, which amount is equal to the fair market value (as defined in the Plan) of the Common Shares on the date of grant of this option. The latest date on which this option, or any part thereof, may be exercised (the “Final Exercise Date”) is January 24, 2018. The Option evidenced by this award is intended to be, and is hereby designated, a non-statutory option, that is, an option that does not qualify as an incentive stock option as defined in section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). The option granted hereunder will vest and be exercisable in the following cumulative installments prior to the Final Exercise date: 10,000 Common Shares on and after January 24, 2009. 10,000 Common Shares on and after January 24, 2010. 10,000 Common Shares on and after January 24, 2011.
Xxxxx of Options. Tenant shall have the right, at its option, to extend the Lease for two (2) additional periods of thirty (30) months each (the “Extended Terms”) on an “as is” basis, each such Extended Term commencing at the expiration of the then current Term, provided that at the time of exercise and at the time of commencement of each Extended Term, Tenant is not in default under this Lease beyond the expiration of applicable notice and cure periods.
Xxxxx of Options. On the later of the Effective Date or the date that the Board adopts the Stock Option Plan (the “Grant Date”), the Company will grant the Executive an option to purchase an aggregate of ten percent (10%) of the then fully diluted shares of the Company's common voting stock that are made available under the Stock Option Plan. In addition, at the beginning of each calendar quarter occurring after the Grant Date but during the term of this Agreement, the Company will grant the Executive an option to purchase an aggregate of five percent (5%) of the then fully diluted shares of the Company's common voting stock that are made available under the Stock Option Plan. Each grant shall be evidenced by an Option Agreement in a form substantially identical to EXHIBIT A, attached hereto and made a part hereof.
Xxxxx of Options. On the later of the Effective Date or the date that the Board adopts the Stock Option Plan (the “Grant Date”), the Company will grant the Executive an option to purchase an aggregate of ten percent (10%) of the then fully diluted shares of the Company's common voting stock that are made available under the Stock Option Plan. Each grant shall be evidenced by an Option Agreement in a form substantially identical to EXHIBIT A, attached hereto and made a part hereof.
Xxxxx of Options. Within forty-five (45) days after the Commencement Date (or, if Executive incurs a Termination Without Cause or Termination for Good Reason prior thereto, as of Executive’s termination of employment), Executive shall be granted a number of Code Section 409A-exempt nonqualified stock options under Bancorp’s equity incentive plan, with a ten (10) year term (subject to truncation for earlier termination of employment), with each stock option representing the right to purchase a share of Bancorp common stock at the fair market value as of the date of grant (as determined by the Board in good faith and consistent with Bancorp’s equity incentive plan), with the stock options having an aggregate value of $900,000 using the standard Black-Scholes option pricing methodology (the “Initial Option Grant”), and with the exact number of stock options to be approved by the Board or its compensation committee consistent with the foregoing.
Xxxxx of Options. On June 19, 2017, Executive was granted a number of Code Section 409A-exempt nonqualified stock options under Bancorp’s equity incentive plan, with a ten (10) year term (subject to truncation for earlier termination of employment), with each stock option representing the right to purchase a share of Bancorp common stock at the fair market value as of the date of grant (as determined by the Board in good faith and consistent with Bancorp’s equity incentive plan), with the stock options having an aggregate value of $1,300,000 using the standard Black-Scholes option pricing methodology (the “Initial Option Grant”), and with the exact number of stock options to be approved by the Board or its compensation committee consistent with the foregoing.
Xxxxx of Options. Tenant shall have the right to extend the Extended Term (each a “Renewal Option”) for two (2) additional periods of three (3) years each, the first such Renewal Option commencing on the day following the Extended Termination Date of the Extended Term and ending on the 3rd anniversary of the Extended Termination Date and the second such Renewal Option commencing on the day following the Extended Termination Date of the initial Renewal Term and ending on the 3rd anniversary thereof (each a “Renewal Term”).
Xxxxx of Options. A. THE COMPANY HEREBY GRANTS TO EXECUTIVE AN OPTION (THE "OPTION") to purchase 225,000 SHARES OF COMMON STOCK AT A PURCHASE PRICE OF $12.50 PER SHARE (THE "EXERCISE PRICE") (as such number of shares and Exercise Price are equitably adjusted for any stock splits, stock dividends, combinations, recapitalizations, reorganizations, or other like change affecting the Common Stock). Any shares of Common Stock or other securities issued or issuable upon exercise of the Option (and any securities issued with respect to any such Common Stock or other securities by way of a stock split, stock dividend, recapitalization or any other RECLASSIFICATION OR REORGANIZATION) ARE REFERRED TO HEREIN AS "OPTION STOCK."
Xxxxx of Options. As further consideration for Employee's performance of his obligations under this Agreement, Altair does hereby agree to grant to Employee, subject to the terms and conditions set forth in the Altair International Inc. Stock Option Plan, the 1998 Altair International Inc. Stock Option Plan (the "1998 Option Plan") and to be established by the Altair Board, the following options (collectively, the "Options") to purchase Common Shares, no par value, of Altair (the "Common Shares") in accordance with the following terms and conditions:
Xxxxx of Options. On the Effective Date, the Company will grant the Executive an option to purchase shares of the Company’s common voting stock (the “Option”) under the Company’s 2006 Stock Option Plan (the “Stock Option Plan”). Such grant shall be evidenced by an Option Agreement as contemplated by the Stock Option Plan.
