Grant of Subsequent Options Clause Samples

The Grant of Subsequent Options clause authorizes the issuer to provide additional stock options to an individual after the initial grant. Typically, this clause outlines the conditions under which further options may be awarded, such as meeting certain performance milestones or at the discretion of the board. Its core function is to offer flexibility in incentivizing employees or stakeholders over time, ensuring ongoing motivation and alignment with company goals.
Grant of Subsequent Options. In connection with his continued employment by the Company, on the first anniversary of the Commencement Date, and on each of the subsequent anniversaries thereof during the Employment Term, the Company agrees to grant the Employee options ("Subsequent Options") to purchase at least 15,000 shares of Common Stock at a purchase price equal to the Fair Market Value (as defined in (d) below) of the Common Stock on the date of grant, which options shall vest in twenty-five percent increments over a four-year period with the first twenty-five percent to vest on the first anniversary of the date of grant. Each grant of these Subsequent Options shall be pursuant to specific terms set forth in a stock option agreement between the Company and the Employee.
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Grant of Subsequent Options. In connection with his continued employment by the Company, on the first anniversary of the Commencement Date, and on each of the subsequent anniversaries thereof during the Employment Term, the Company agrees to grant the Employee options ("Subsequent Options") to purchase shares of Common Stock at a purchase price equal to the fair market value of the Common Stock on the date of grant in accordance with any Company policy that may be applicable for senior executive employees from time to time. Each grant of these Subsequent Options shall be pursuant to specific terms set forth in a stock option agreement between the Company and the Employee.
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Grant of Subsequent Options. In connection with his continued employment by the Company, on the first anniversary of the Commencement Date, and on each of the subsequent anniversaries thereof during the Employment Term, the Company agrees to grant the Employee options ("Subsequent Options") to purchase a minimum of 10,000 shares (as adjusted equitably for stock dividends, stock splits, combinations, etc.) of Common Stock at a purchase price equal to the Fair Market Value (as defined in (d) below) of the Common Stock on the pertinent anniversaries. The Subsequent Options shall vest in accordance with the following schedule: 25% shall vest one year from the grant date of the Subsequent Options during the Employment 2 3 Term, and options to purchase the remaining shares issued pursuant to each grant of the Subsequent Options shall vest in equal increments over the subsequent 36 months, as more fully described in 5(b) above. Each grant of these Subsequent Options shall be pursuant to specific terms set forth in a stock option agreement between the Company and the Employee.
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Grant of Subsequent Options. In connection with her continued employment by the Company, on the first anniversary of the Commencement Date, and on each of the subsequent anniversaries thereof during the Employment Term, the Company agrees to grant the Employee options ("Subsequent Options") to purchase at least 45,000 shares (as adjusted equitably for stock dividends, stock splits, combinations, etc.) of Common Stock at a purchase price equal to the Fair Market Value (as defined in (f) below) of the Common Stock on the date of grant, which options shall vest in twenty-five
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Related to Grant of Subsequent Options

  • 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.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • Grant of SARs Subject to the terms and conditions of the Plan, SARs may be granted to Employees and Consultants at any time and from time to time as shall be determined by the Committee, in its sole discretion. The Committee shall have complete discretion to determine the number of SARs granted to any Participant, provided that during any Fiscal Year, no Participant shall be granted SARs covering more than 500,000 Shares.

  • Grant of Shares The Grant Date and number of Shares underlying your Restricted Stock Award are stated on page 1 of this Award Agreement. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the 2008 Plan.

  • Grant of Stock Option The Company hereby grants the Employee the Option to purchase all or any part of an aggregate number of shares of Common Stock as set forth on Schedule A (“Option Shares”) on the terms and conditions set forth herein and subject to the terms of the Plan.