GRANTING OF STOCK OPTIONS Sample Clauses

The Granting of Stock Options clause outlines the terms under which an individual, typically an employee or contractor, is given the right to purchase a specified number of company shares at a predetermined price. This clause details the eligibility criteria, the number of options granted, the exercise price, and any vesting schedule that dictates when the options can be exercised. Its core function is to formalize the process of awarding equity incentives, thereby aligning the interests of recipients with those of the company and providing a mechanism for employee retention and motivation.
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GRANTING OF STOCK OPTIONS. (a) Only key Employees shall be eligible to receive Stock Options under the Plan. Directors of the Company who are not also Employees shall not be eligible for Stock Options. (b) The purchase price of each share of Stock subject to an Incentive Stock Option shall be at least 100% of the Fair Market Value of a share of the Stock on the Granting Date. (c) The purchase price of each share of Stock subject to a Nonqualified Stock Option shall be 100% of the Fair Market Value of a share of the Stock on the Granting Date, or such other price either greater than or less than the Fair Market Value (but in no event less than the par value of the Stock) as the Committee shall determine appropriate to the purposes of the Plan and to the Company's total compensation program. (d) The Committee shall determine and designate from time to time those key Employees who are to be granted Stock Options and whether the particular Stock Options are to be Incentive Stock Options or Nonqualified Stock Options, and shall also specify the number of shares covered by and the exercise price per share of each Stock Option. (e) The aggregate fair market value (determined at the time the option is granted) of the Stock with respect to which Incentive Stock Options are exercisable for the first time by any individual during any calendar year (under all such plans of the individual's employer corporation and its parent and subsidiary corporations) shall not exceed $100,000. (f) A Stock Option shall be exercisable during such period or periods and in such installments as shall be fixed by the Committee at the time the option is granted or in any amendment thereto; but each Stock Option shall expire not later than ten years from the Granting Date. (g) The Committee shall have the authority to grant both transferable Stock Options and nontransferable Stock Options, and to amend outstanding nontransferable Stock Options to provide for transferability. Each nontransferable Stock Option shall provide by its terms that it is not transferable otherwise than by will or the laws of descent and distribution and is exercisable, during the Grantee's lifetime, only by the Grantee. Each transferable Stock Option may provide for such limitations on transferability and exercisability as the Committee may designate at the time a Stock Option is granted or is otherwise amended to provide for transferability. Subject to the foregoing, a permitted transferee shall be entitled to exercise a Stock Option at suc...
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GRANTING OF STOCK OPTIONS. As an additional inducement to Employee to enter into this Agreement with Employer and to render his services to Employer under a long-term basis and as additional compensation to him for services to be rendered under the provisions of this Agreement, Employer has agreed to grant to Employee certain stock options to acquire Employer’s Common Stock on or before June 1, 1999. The stock options have been granted by Employer to Employee pursuant to that certain Gulfport Energy Corporation Stock Option Plan (“Plan”) to be enacted by Employer. In order to evidence these stock options, the Employer has also prepared and will execute and enter into with Employee, contemporaneously with this Agreement, that certain Gulfport Energy Corporation Stock Option Agreement (“Stock Option Agreement”), which will set forth the terms and conditions of the successive stock options to be granted to Employee by Employer in accordance herewith and the manner and method of exercising such options and acquiring such stock by Employee. Attached as Exhibit “A” to this Agreement, and by this reference made a part hereof, is an executed copy of the Stock Option Agreement entered into by and between Employer and Employee this same date in fulfillment of the contractual obligations of Employer.
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GRANTING OF STOCK OPTIONS. As an additional inducement to Norton to enter into this Amended Agreement with LFC and Bank and to render his services to LFC and Bank upon a long-term basis and as additional compensation to him for services to be rendered under the provisions of this Amended Agreement, LFC, has granted to Norton certain stock options to acquire LFC's Common Stock. The stock options have been granted by LFC to Norton pursuant to that certain Local Financial Corporation 1998 Stock Option Plan ("Plan"). In order to evidence these stock options, LFC has executed and entered into with Norton that certain 1998 Non-Qualified Stock Option Agreement dated effective as of September 23, 1998 ("Stock Option Agreement"), which sets forth the terms and conditions of the stock options granted to Norton by LFC in accordance herewith and the manner and method of exercising such options and acquiring such stock by Norton. Attached as Exhibit "A" to this Amended Agreement, and by this reference made a part hereof, is an executed copy of the Stock Option Agreement.
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GRANTING OF STOCK OPTIONS. Because we feel that a key manager of ------------------------- any business should have an owner's interest in the success of that business, which is best measured by the long term increases in the value of that business, in consideration of future services to be rendered to the Company by you, the Company will enter into an agreement with you as of the date hereof with respect to granting you options to acquire 250,000 shares of the Company's Common Stock, subject to the following essential terms and conditions: The options will vest and be exercisable as follows:
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GRANTING OF STOCK OPTIONS. As an additional inducement to Town▇▇▇▇ ▇▇ enter into this Amended Agreement with LFC and Bank and to render his services to LFC and Bank upon a long-term basis and as additional compensation to him for services to be rendered under the provisions of this Amended Agreement, LFC, has granted to Town▇▇▇▇ ▇▇▇tain stock options to acquire LFC's Common Stock. The stock options have been granted by LFC to Town▇▇▇▇ ▇▇▇suant to that certain Local Financial Corporation 1998 Stock Option Plan ("Plan"). In order to evidence these stock options, LFC has executed and entered into with Town▇▇▇▇ ▇▇▇t certain 1998 Non-Qualified Stock Option Agreement dated effective as of September 23, 1998 ("Stock Option Agreement"), which sets forth the terms and conditions of the stock options granted to Town▇▇▇▇ ▇▇ LFC in accordance herewith and the manner and method of exercising such options and acquiring such stock by Town▇▇▇▇. ▇▇tached as Exhibit "A" to this Amended Agreement, and by this reference made a part hereof, is an executed copy of the Stock Option Agreement.
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GRANTING OF STOCK OPTIONS. Executive shall receive stock options to purchase up to 160,000 shares of the Common Stock (the "Stock Options") under the Company's 2000 Stock Incentive Plan (the "2000 Plan"). The strike price of the Stock Options shall be the price of the Common Stock on the date of this Agreement. The Stock Options shall be subject to a vesting schedule as follows: (a) Starting January 1, 2001, 10,000 shares of the Common Stock issuable under the Stock Options shall fully vest after the completion of each fiscal quarter of the Company, not to exceed 40,000 shares in the aggregate in any one fiscal year of the Company, until all of the Stock Options have fully vested.
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GRANTING OF STOCK OPTIONS. In consideration for the revisions to the Employment Agreement as set forth herein, the Company has issued options to purchase 396,000 shares of the Company's Common Stock pursuant to the terms of that certain Stock Option Agreement between the Company and the Employee with a grant date of January 16, 1997.
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GRANTING OF STOCK OPTIONS. Because we feel that a key manager of ------------------------- any business should have an owner's interest in the success of that business, which is best measured by the long term increases in the value of that business, in consideration of future services to be rendered to the Company by you, the Company will enter into an agreement with you as of the date hereof with respect to granting you options to acquire 250,000 shares of the Company's Common Stock, subject to the following essential terms and conditions: The options will vest and be exercisable as follows:
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Related to GRANTING OF STOCK OPTIONS

  • Vesting of Stock Options All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.

  • 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 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.

  • Stock Option Grants Pursuant to the following terms and conditions, the Executive shall be eligible to participate in Holdings’ stock option plan and Holdings agrees as follows: i. Holdings shall establish a stock option plan (“Stock Option Plan”) providing for grants of options (the “Stock Options”) to purchase the common stock of BD Investment Holdings Inc., par value $0.01 (the “Buyer Common Stock”) in amounts not less than (i) 2% of the Buyer Common Stock (on a fully-diluted post-exercise basis) in the aggregate per year for all executives, employees and financial advisors of the Company and its subsidiaries, including the Executive selected by the Board after consultation with, and based on the recommendation of, the CEO, for the calendar years beginning on January 1, 2008 and January 1, 2009 and (ii) 2.5% of the Buyer Common Stock (on a fully-diluted post-exercise basis) in the aggregate per year for all executives, employees and financial advisors of the Company and its subsidiaries, including the Executive, selected by the Board after consultation with, and based on the recommendation of, the CEO, for the calendar years beginning on January 1, 2010 and January 1, 2011. ii. Beginning in January 2008, each annual Stock Option grant shall be made between the first and fifteenth business day of the year, unless the CEO, in his sole discretion, shall agree with the Board to a later date during such year (the “Default Date”). If the Board does not approve Stock Option grants in the amounts set forth in Section 4(c)(i) by the Default Date, then Stock Options in such amounts shall be granted pro-rata to existing option holders and employee stockholders as of such date of grant, except that the CEO’s share of such Stock Option grants shall be reduced by 75% and the other four most highly compensated executives’ share of such Stock Option grants shall be reduced by 50%. iii. The per share exercise price of each Stock Option shall be equal to the Fair Market Value of a share of Buyer Common Stock on the date of grant. Each Stock Option granted shall vest in five equal tranches on each of the first five anniversaries of the date of grant subject to the option holder’s continued employment as of each such vesting date; provided, however, that all Stock Options shall automatically vest in full upon a “change in control” (as defined in the Option Plan, it being understood that an IPO shall in no event constitute a change in control). Notwithstanding any provision of this Agreement to the contrary, following an IPO, no additional Stock Options shall be granted pursuant to the Stock Option Plan. iv. Upon termination of his employment, the portion of any Stock Option granted to the Executive which has not yet vested shall terminate. In the event the Executive’s employment terminates for any reason other than for Cause, the Executive may exercise any vested portion of any Stock Option held by him on the date of termination provided that he does so prior to the earlier of (A) ninety (90) days following termination of employment and (B) the expiration of the scheduled term of the Stock Option. Notwithstanding the foregoing, if the Executive’s employment is terminated due to death or disability (as defined in Section 5(b)), then the Executive or, as applicable in the event of death, his beneficiary or estate, may exercise any vested portion of any Stock Option held by the Executive on the date employment terminates for the shorter of (A) the period of twelve (12) months following the termination date and, (B) with respect to each Stock Option individually, the expiration of the scheduled term of such Stock Option. Upon a termination of the Executive’s employment by the Company for Cause, all Stock Options shall be forfeited immediately. v. Holdings, the Company and the Executive agree to cooperate to structure the Stock Option Plan so as to minimize or avoid additional taxes and interest that would otherwise be imposed on the Executive with respect to options granted under the Stock Option Plan pursuant to Section 409A of the Internal Revenue Code as amended (the “Code”); provided, however, that the Company shall have no obligation to grant the Executive a “gross-up” or other “make-whole” compensation for such purpose.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.