Issuance of Stock Options Clause Samples
Issuance of Stock Options. Executive shall receive options for ------------------------- the purchase of 200,000 shares of the Company's common stock (the "Common ------ Stock") upon implementation of the Company's employee stock option plan on the ----- earlier of the of consummation of the Company's initial public offering pursuant to a registration statement on Form S-1 declared effective by the Securities and Exchange Commission (the "IPO") or June 30, 1999. The options will vest as --- follows: the first 1/4 of the shares (or 50,000 shares) will vest on the first anniversary of the earlier of the IPO or June 30, 2000. The remaining 3/4 of the shares exercisable pursuant to the options (or 150,000 shares) shall vest at the rate of 1/36 per month thereafter (or 4,167 shares per month). All options shall be fully vested no later than the earlier of (i) a "change in control" of the Company occurs (as such term is defined under the rules promulgated under the Securities Act of 1933, as amended); (ii) the fourth anniversary of the IPO; or (iii) June 30, 2003. Executive will be eligible for grants of additional options during the Employment Period approved by the Board based on Executive's and the Company's performance. All shares and options issued to Executive shall be made through stock purchase agreements or options agreements, as appropriate, based on the Company's standard form for its executives.
Issuance of Stock Options. As compensation for the Consulting Services, subject to the terms and conditions of this Agreement, Company will issue to Consultant 7,695,273 options to purchase shares of Class A common stock of the Company (the “Class A Options”) at an exercise price of $0.025 per share. Further, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ individually agrees to issue to Consultant 24,000 options to purchase shares of his Class B common stock of the Company (the “Class B Options”) at an exercise price of $0.50 per share (the Class A Options and the Class B Options shall collectively be referred to as the “Option Shares”). The Options shall be fully vested and shall be issued to Consultant pursuant to the Stock Option Agreement of even date herewith.
Issuance of Stock Options. While any Event of Default has occurred and is continuing, enter into, or amend, any agreement that would require the Company or any Subsidiary to issue any stock options at any time, including upon the occurrence of any contingency; provided that this Section shall not prohibit an employment agreement in the ordinary course of business that would have the effect of subjecting an employee to a stock option plan applicable to other comparable employees, which plan is in existence on the Closing Date.
Issuance of Stock Options. On the Closing Date, the Purchaser or the Permitted Assignee shall deliver to the Key Employees the Stock Options described in Section 4.7.
Issuance of Stock Options. On the Closing Date, the Purchaser shall deliver to the Vendor 30,000 Stock Options as set out in Section 4.7 herein to be delivered to the employees of Clearview after Closing in a manner to be determined.
Issuance of Stock Options. Buyer shall issue options to ------------------------- certain employees of the Company to acquire up to 150,000 shares of Buyer's common stock, such employees to be determined in Buyer's sole discretion.
Issuance of Stock Options. Upon execution of this Agreement, the Company shall enter into an award agreement ( "Award Agreement") with Will▇▇▇▇ ▇▇▇nting Will▇▇▇▇ ▇▇ option ( "Option") to purchase One Hundred Fifty Thousand (150,000) shares of the Company's common stock ("Option Shares") with an exercise price equal to ninety percent (90%) of the initial public offering price should The Company complete an initial public offering where the aggregate offering price to the public is at least Twenty Million Dollars ($20,000,000.00), and where the public offering price per share is not less than Eight Dollars ($8.00) per share (an "IPO"). All terms and 8 conditions regarding this option shall be identical to those contained in that Employment Agreement between Will▇▇▇▇ ▇▇▇ the Company dated January 1, 1998, which terms and conditions are hereby incorporated by reference herein, except as specifically modified by the terms of this Section 13. This option will vest in five (5) equal annual installments, each consisting of the right to purchase Thirty Thousand (30,000) shares, with the first installment vesting upon the closing of the IPO and subsequent installments vesting upon the ensuing four (4) anniversaries of the IPO closing thereafter (unless earlier vesting occurs pursuant to Section 12 hereof). The options may be exercised at any time after vesting until the expiration of five (5) years after the date of vesting.
Issuance of Stock Options. As additional consideration for the ------------------------- acquisition of all of the capital stock of AMRES by EMB, EMB shall issue to the SELLING SHAREHOLDER options to purchase common stock of EMB on the following terms and conditions:
(a) Options to purchase one million two hundred fifty thousand (1,250,000) shares of common stock shall be issued on June 1, 1999, with an exercise price determined as follows: one hundred ten percent (110%) of the average closing bid price for the EMB common stock (EMBU:OTC-BB) for the week preceding the Closing Date of this transaction, i.e., the week of April 26, 1999 through April 30, 1999, calculated to be eighty-five (85) cents per share. These options shall expire at the close of business on May 31, 2002.
(b) Options to purchase five hundred thousand (500,000) shares of common stock shall be issued on June 1, 2000, with an exercise price of $1.50 per share. These options shall expire on May 31, 2003.
(c) Options to purchase five hundred thousand (500,000) shares of common stock shall be issued on June 1, 2001, with an exercise price of $2.00 per share. These options shall expire on May 31, 2004.
(d) Options to purchase five hundred thousand (500,000) shares of common stock shall be issued on June 1, 2002, with an exercise price of $2.50 per share. These options shall expire on May 31, 2005.
(e) Options to purchase five hundred thousand (500,000) shares of common stock shall be issued on June 1, 2003, with an exercise price of $3.00 per share. These options shall expire on May 31, 2006.
Issuance of Stock Options. The Company hereby grants to ------------------------- the Executive nonqualified stock options ("Options") having terms set forth in this Section 2.4, in accordance with the following vesting schedule: Vesting Number of Date Options --------------- --------- August 11, 1997 150,000 August 11, 1999 150,000 August 11, 2000 150,000 ------- 450,000 =======
Issuance of Stock Options. Executive shall receive options for the purchase of 150,000 shares of the Company's common stock. The options will vest as follows: the first 50,000 will vest immediately upon Executive's first day of employment with the Company. The remaining options will vest as follows: the first 1/4 of the remaining options (or 25,000 options) will vest on the first anniversary of this Agreement; the remaining 3/4 of the options (or 75,000 options) shall vest at the rate of 1/36 per month thereafter (or 2,083.33 options per month). All options shall be fully vested no later than the earlier of the fourth anniversary of the date of hire. The grant date for the options will be within the first two weeks of the Employment Period on such date as determined by Executive in writing to the Company. Executive will be eligible for grants of additional options during the Employment Period approved by the Board based on Executive's and the Company's performance. All shares and options issued to Executive shall be made through stock purchase agreements or options agreements, as appropriate, based on the Company's standard form for its executives.