Future Stock Options Clause Samples

Future Stock Options. At the time the Company makes its option grant to other senior executives, the Executive shall be granted an option to purchase 25,000 shares of Company Stock in 1999 and in 2000. Each such option shall be granted subject to the terms of the Company's stock option plan for a ten (10) year term and shall be subject to the anti-dilution adjustments set forth in such plan, provided, however, that (A) each such option shall fully vest no late than the earlier of (1) the end of the Employment Period or (2) the occurrence of an event which fully vests all options granted under the Company's 1995 stock option plan, (B) each such option shall fully vest upon Executive's death, Disability, termination of employment by the Company without Cause and termination of Executive's employment by the Executive for Good Reason, and (C) each such option shall remain exercisable until the expiration of such term unless Executive's employment is terminated by the Company for Cause or by the Executive without Good Reason; provided, however, that in the event of a merger transaction involving the Company, the foregoing shall not be construed as precluding the option from being treated in such transaction in the same manner as other outstanding options held by Company employees. However, no options shall be granted to the Executive under this clause (iv) if his employment by the Company terminates before the date the option is granted; provided, however, that any such options not theretofore granted shall be deemed to have been granted immediately prior to the date as of which the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason.

Future Stock Options. If and to the extent that the Company grants its executive officers stock options or other stock-related incentives, the Board shall in good faith consider whether the Executive should be permitted to participate in such incentives. Provided, however, that the Executive shall in no event be entitled to additional stock-related incentives in respect of (i) the purchase of 486,923 shares of common stock by ▇▇. ▇▇▇▇▇▇ pursuant to his restricted stock arrangement with the Company or (ii) grants of options under the 1998 Stock Option Plan (or successor plans) if the common stock underlying such options does not exceed 300,000 shares in the aggregate.

Future Stock Options. During the term of this Agreement, Employee shall be eligible to receive grants of stock options under any stock option plan which Employer establishes to issue stock options to key employees. The number and terms of any such stock option grants shall be comparable to those provided to comparable executive personnel of Employer, as determined by the Board (or the Compensation Committee thereof) in its sole and absolute discretion.

Future Stock Options. Provided that, within the first sixty (60) days following the Closing, no material customer identified in Schedule 3.15 terminates its contractual relationship with the Company and that all contracts with such material customers are in full force and effect without default or cancellation as of the sixth (60th) day following the Closing, on the sixty first (61st) day following the Closing, Buyer shall issue the following additional Stock Options to Sellers pursuant to the Notice of Grant of Stock Option attached as Exhibit 2.2.2: (1) ▇▇▇▇▇ ▇▇▇▇▇▇ shall receive 110,973 Stock Options; (2) ▇▇▇▇▇ ▇▇▇▇▇▇▇ shall receive 69,488 Stock Options; (3) ▇▇▇ ▇▇▇▇▇▇▇▇ shall receive 8,297 Stock Options; (4) ▇▇▇▇▇ ▇▇▇▇▇ shall receive 6,223 Stock Options; (5) ▇▇▇▇ ▇▇▇▇▇▇▇ shall receive 6,223 Stock Options; and (6) ▇▇▇▇ ▇▇▇▇▇ shall receive 6,223 Stock Options In the event of termination, cancellation or default of any contract with one or more material customer identified in Schedule 3.15 within the first sixty (60) days following the Closing (“Terminating Customer(s)”), the Stock Options received by Sellers (inclusive of Stock Options received under this Section 2.2.3 and Section 2.2.2 above) shall be reduced and/or forfeited to the extent necessary (pro rata based upon their ownership interest in the Company immediately preceding the Closing) by a percentage equal to the revenue received by the Company from the Terminating Customer(s) in the one hundred and eighty (180) days immediately preceding such termination divided by the revenue received by the Company from all material customers identified in Schedule 3.15 in the one hundred and eighty (180) days immediately preceding such termination.

Future Stock Options. At such time during each of the years 1999-2001 as the Compensation Committee of the Board approves annual stock option grants to employees of the Company under the Great Lakes Chemical Corporation 1993 Stock Compensation Plan or any successor thereto (the "Option Plan"), and provided that the Executive is then still employed by the Company, the Company shall grant to the Executive under the Option Plan in each of those three (3) years a nonqualified stock option (collectively, the "Future Options" and together with the Option, the "Option Awards") to purchase 100,000 shares of Common Stock (on a post-Spin-off basis). The terms of the Future options, including the exercise price and vesting schedule, shall be subject to the terms of the Option Plan, and shall be evidenced by an option agreement which provides, among other things, for a legend evidencing the restrictions contained in Section 4(b)(iv) hereof. The Company shall, at its expense, cause all shares subject to the Future Options to be registered under the Securities Act on Form S-8 and registered or qualified under applicable state laws to be freely resold. The Company shall maintain the effectiveness of such registration and qualification for so long as the Executive or any member of the Executive's Immediate Family holds such Future Options or owns the underlying shares of Common Stock or until such earlier date as all such shares, without such registration or qualification, may be freely sold without any restrictions under the Securities Act.

Future Stock Options. During the course of your employment you will be eligible to receive stock options pursuant to the Company’s Stock Option Plan (or any successor plan) in such amounts and pursuant to vesting schedules as may be determined from time to time by the Board in its discretion, taking into account, among other factors, your performance and the Company’s performance.

Future Stock Options. Future stock options will be considered by the Board of Directors in connection with the Strategic Planning Session and in accordance with the Board of Directors' annual review of the Employee's performance and compensation.

Future Stock Options. The Compensation Committee may, after the one-year anniversary of the Effective Date, award you stock options (“New Options”). These New Options will be granted at the discretion of the Compensation Committee under the 2002 Equity Incentive Plan or under such other then existing shareholder approved equity compensation plan. The Compensation Committee will determine the vesting schedule of the New Options on their date of grant; provided, however, that such options will vest as to 100% in the event of your death or total disability and as to 12 months if you are terminated within one year following a Corporate Transaction, as each “total disability” and Corporate Transaction are defined in the 2002 Equity Incentive Plan. You will have at least one year following the date your employment terminates for reasons other than for Cause in which to exercise any New Options to the extent such options are vested at your termination.

Future Stock Options. If and when not inconsistent with the best interests of shareholders as determined by SBI in its reasonable discretion, SBI will recommend to its shareholders an increase in the amount of shares it has registered under its Equity Compensation Plan for stock options so that VFAM employees may participate in such plan upon recommendation of VFAM’s Chief Executive Officer and approval by SBI’s Compensation Committee. There is no guaranty whether or when such a recommendation may be made.