New Stock Option Clause Samples
The New Stock Option clause establishes the terms under which an individual or entity is granted the right to purchase a specified number of shares in a company at a predetermined price, usually within a set timeframe. Typically, this clause outlines the vesting schedule, exercise price, and any conditions that must be met before the options can be exercised, such as continued employment or achievement of certain milestones. Its core practical function is to incentivize key stakeholders by aligning their interests with the company's performance, while also providing a structured mechanism for equity participation.
New Stock Option. Promptly following the Effective Date, Executive shall be granted an option (the “Option”) to purchase 39,900 shares of Group common stock for an exercise price per share equal to the per share fair market value of Group’s common stock on the date of grant, as determined by Group’s board of directors. The Option shall vest and become exercisable with respect to one-fourth (1/4) of the shares initially subject to the Option on each of the first four anniversaries of the Effective Date, subject to Executive’s continued service to the Company through the applicable vesting date. The Option shall otherwise be subject to the terms of the equity incentive plan pursuant to which it is granted and Group’s standard option agreement to be entered into between Executive and Group.
New Stock Option. Employee shall be granted an option to purchase Thirty Thousand (30,000) shares of the Company's common stock (the "Option") pursuant to the terms of the Company's 2001 Equity Incentive Plan and the Stock Option Agreement, copies of which are attached as Exhibits 5.4(a) and 5.4(b), respectively. The price of the Option shall be the closing pricing of the Company's common stock as listed on the Nasdaq National Stock Market System on the Effective Date. The Option will vest at the rate of twenty-five percent (25%) each year for four (4) years and will be governed by the terms of the Stock Option Agreement. The Option will be intended to qualify as an Incentive Stock Option to the maximum extent allowable under Section 422 of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations promulgated thereunder (the "Code""). The designation of an Option as an Incentive Stock Option is not a warranty or representation that it will be treated as an incentive stock option under Section 422 of the Code.
New Stock Option. Employee shall be granted an option to purchase one hundred thousand (100,000) shares of the Company's common stock (the "Option") vesting 25% per year of employment with the Company.
New Stock Option. The Company agrees to grant you a new stock option (or RSU if consistent with Company’s then-effective granting practices) to purchase additional shares of the Company’s Common Stock, exercisable at the fair market value of the Company’s Common Stock as determined by the Board on the date the Board approves such grant. The number of shares subject to the new stock option and the vesting schedule thereof will be mutually agreed between you and the Company no later than November 13, 2023. This new stock option will be exercisable for the same period of time as the options to which the Exercise Extension applies. The grant of this new stock option is subject to your continued service through the date that the Board actually approves such grant.
New Stock Option. On the date hereof, Executive shall be granted a non-qualified stock option (the "Stock Option") to purchase an aggregate of 500,000 shares of common stock of the Corporation, par value $.01 per share (the "Common Stock"), to be issued under, and pursuant to the terms of, the Corporation's 1991 Stock Incentive Plan (the "Stock Plan"). The Stock Option granted hereby will have the following exercise schedule and exercise prices:
(1) 166,667 shares of Common Stock will be exercisable from and after the date hereof at the market price for Common Shares as of the close of trading on the date hereof;
(2) 166,666 shares of Common Stock to vest on April 15, 1999 and to be exercisable from and after such date at $28.00 per share; and
(3) 166,667 shares of Common Stock to vest on April 15, 2000 and to be exercisable from and after such date at $30.00 per share. The Stock Option shall expire ten (10) years from the date hereof, subject to the other terms and conditions of the applicable Stock Option Agreement and Stock Plan. Notwithstanding the foregoing, all unvested portions of the Stock Option will vest at the applicable exercise price if there is a Change in Control (as defined in Paragraph 7 below) or the average closing price for any period of 20 consecutive trading days equals or exceeds $35.
New Stock Option. Seven days after executing this Agreement, ▇▇▇▇▇▇▇ shall receive a nonqualified stock option to purchase up to 60,000 shares of ▇▇▇▇▇▇'▇ Common Stock at $1.00 per share (the "Stock Option") subject to the standard terms and conditions of ▇▇▇▇▇▇'▇ 1998 Nonqualified Stock Option Plan and Stock Option Agreement (and related Stock Purchase Agreement). Notwithstanding any provisions to the contrary in the Stock Option Plan, Stock Option Agreement or Stock Purchase Agreement, the Stock Option shall be fully vested and exercisable at any time until the expiration of the term as provided in the Stock Option Agreement (i.e., 36 months from the Separation Date).
New Stock Option. In consideration of the Employee's execution of this Second Amended Employment Agreement, the Company grants, as of the effective date of this Second Amended Employment Agreement, options to purchase an aggregate of 160,000 shares of the Company's Common Stock to the Employee pursuant to the Company's 1999 Stock Option Plan. The exercise price for such options is based on the price for the Company's Common Stock on the Nasdaq National Market on March 1, 2002. The options vest in four equal components of 40,000 shares each on August 31, 2002, February 28, 2003, August 31, 2003, and February 29, 2004.