Contingent Options Sample Clauses

The Contingent Options clause defines specific rights or actions that become available to one or both parties if certain predefined events or conditions occur. In practice, this might allow a party to purchase additional shares, extend a contract, or trigger a buyout if a milestone is met or a third-party event takes place. Its core function is to provide flexibility and address uncertainty by outlining clear procedures for handling future contingencies, thereby reducing ambiguity and potential disputes.
Contingent Options. Broker shall also be granted further options to ------------------ purchase authorized but unissued common stock of RMI, par value $0.01, subject to the terms and conditions of the attached Agreement to Grant Stock Option.
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Contingent Options. Those certain options to purchase Common Stock issued to (i) ▇▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇ pursuant to Contingent Option Agreements, which permit each holder thereof to purchase up to an aggregate of 161,000 shares of Common Stock and (ii) ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ pursuant to a Contingent Option Agreement, which permits the holder thereof to purchase up to an aggregate of 21,400 shares of Common Stock.
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Contingent Options. In addition, Executive will be eligible for future grant of options to purchase up to an additional 250,000 shares of Exult common stock (the “Contingent Options”) based upon Executive’s accomplishment of performance objectives to be established for him by the CEO in consultation with the Compensation Committee of Exult’s Board of Directors (the “Objectives”). The Objectives will be determined and communicated to Executive in writing not later than July 1, 2001, and will relate to Executive’s performance, and/or his contributions to Exult’s performance, in 2001. Contingent Options that become issuable will be granted as soon as practicable after Executive’s accomplishment of the required Objectives associated therewith can be definitively determined, but in no case later than March 31, 2002. Additional stock options other than the Original Options and Contingent Options may be granted to Executive in Exult’s discretion, but no such additional options are promised.
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Contingent Options. Employee shall be granted options to purchase 100,000 shares of the common stock of the Company at an exercise price equal to the fair market value on the date of grant when and if the net earnings of the Company on a fully diluted basis reach $0.80 per share in any consecutive twelve (12) month period ("Second Triggering Event"). Such options shall vest 33.3% each year beginning on the first anniversary date of the Second Trigggering Event, and such options are otherwise subject to the terms, conditions and provisions of the Stock Option Agreement attached hereto and incorporated herein by reference.
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Contingent Options. As additional consideration for Executive to accept employment, and as an incentive to enhance the performance of the Company, the Company will reserve an additional 350,000 options under the Option Plan (the “Contingent Options”) for possible grant to Executive upon satisfaction of the following conditions to grant: (i) If during the Term, the closing stock price for the Company’s common stock as reported in the Wall Street Journal, or if the Wall Street Journal shall not then be published, such other national business paper as shall be selected by the Company, on the National Association of Securities Dealers Inc.’s Nasdaq National Market, or, if the Company’s common stock is not then traded on the Nasdaq National Market, such other market which the Company may hereafter designate as the principal trading market for the Company’s common stock (the “Trading Market”) is: (x) in excess of $18.00 per share for ten (10) consecutive “Trading Days” (as used herein Trading Days shall mean days when the Trading Market is open for business and the common shares of the Company are actively traded), the Company will promptly thereafter grant to Executive 50,000 additional options at an exercise price equal to the Fair Market Value of the Company’s common stock at the date of grant of such options, with such options vesting at the rate of 12,500 options per year on each of the next four anniversaries of the date of grant in accordance with the terms of the Option Plan, (y) in excess of $25.00 per share for ten (10) consecutive Trading Days, the Company will promptly grant to Executive another 50,000 options at an exercise price equal to the Fair Market Value of the Company’s common stock at the date of grant of such options, with such options vesting at the rate of 12,500 options per year on each of the next four anniversaries of the date of grant in accordance with the terms of the Option Plan, and (z) in excess of $35.00 per share for ten (10) consecutive Trading Days, the Company will promptly grant to Executive an additional 250,000 options at an exercise price equal to the Fair Market Value of the Company’s common stock at the date of grant of such options, with none of such 250,000 options, however, vesting until the third anniversary of the date of grant. (ii) All of the Contingent Options, and the target stock prices for the grant of such Contingent Options as set forth in § 6(b)(i) shall be adjusted, if necessary, to accurately and equitably reflect any stoc...
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Related to Contingent Options

  • ANNUITY OPTIONS The following Annuity Options are available under this Contract. Additional options may become available in the future:

  • Coverage Options Eligible employees may select coverage under any one of the dental plans offered by the Employer, including health maintenance organization plans, the State Dental Plan, or other dental plans. Coverage offered through health maintenance organization plans is subject to change during the life of this Agreement upon action of the health maintenance organization and approval of the Employer after consultation with the Joint Labor/Management Committee on Health Plans. However, actuarial reductions in the level of HMO coverages effective during the term of this Agreement, including increases in copayments, require approval of the Joint Labor/Management Committee on Health Plans. Coverage offered through the State Dental Plan is determined by Section 7A2.

  • Non-Qualified Stock Options The Options granted hereunder are not intended to be Incentive Stock Options or Qualified Stock Options.

  • Investment Options You may direct the investment of your funds within this IRA into any investment instrument offered by or through the Custodian. The Custodian will not exercise any investment discretion regarding your IRA, as this is solely your responsibility. There are certain fees and charges connected with your IRA investments. These fees and charges may include the following. • Sales Commissions • Set Up Fees • Investment Management Fees • Annual Maintenance Fees • Distribution Fees • Surrender or Termination Fees To find out what fees apply, refer to the investment prospectus or contract. There may be certain fees and charges connected with the IRA itself. (Select and complete as applicable.) Annual Custodial Service Fee* $ No Charge Overnight Distribution $ 16.50 Wire Fee $ 12.50 Transfer Out Fee $ The greater of $100.00 or $25.00 per position Other (Explain) We reserve the right to change any of the above fees after notice to you, as provided in your IRA agreement. *The annual custodial fee will be borne by your Investment Advisor.

  • Exercisability Schedule No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee remains an employee of the Company or a Subsidiary on such dates: * Max. of $100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.