NON-QUALIFIED STOCK OPTION AGREEMENT Clause Samples
A Non-Qualified Stock Option Agreement is a contract that grants an employee or other service provider the right to purchase company stock at a specified price, but does not qualify for special tax treatment under IRS rules. Typically, this agreement outlines the number of options granted, the exercise price, vesting schedule, and any conditions for exercising the options, such as continued employment. Its core practical function is to provide a mechanism for incentivizing and compensating individuals, while clearly defining the terms and limitations of the stock options granted.
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NON-QUALIFIED STOCK OPTION AGREEMENT. Non-Qualified Stock Option This option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code and will be interpreted accordingly.
NON-QUALIFIED STOCK OPTION AGREEMENT. Exercisability The Option granted hereby will be fully vested and shall be exercisable for a period of ten (10) years from August 17, 1995. Any unexercised shares must be exercised or forfeited before the conclusion of that period.
NON-QUALIFIED STOCK OPTION AGREEMENT. Non-Qualified Stock Option Vesting This option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code and will be interpreted accordingly. This option is only exercisable before it expires and then only with respect to the vested portion of the option. Subject to the preceding sentence, you may exercise this option, in whole or in part, to purchase a whole number of vested shares not less than 100 shares, unless the number of shares purchased is the total number available for purchase under the option, by following the procedures set forth in the Plan and below in this Agreement. Your right to purchase shares of Stock under this option vests as to one-third (1/3) of the total number of shares covered by this option, as shown on the cover sheet, on each of the first three annual anniversaries of the Vesting Start Date, provided you then continue in Service. The resulting aggregate number of vested shares will be rounded to the nearest whole number, and you cannot vest in more than the number of shares covered by this option. No additional shares of Stock will vest (after taking into account any accelerated vesting explicitly provided for in this Agreement) after your Service has terminated for any reason. Term Your option will expire in any event at the close of business at Company headquarters on the day before the 7th anniversary of the Grant Date, as shown on the cover sheet. Your option will expire earlier if your Service terminates, as described below. Regular Termination If your Service terminates for any reason, other than death, Disability, Retirement or Cause, then your option will expire at the close of business at Company headquarters on the 90th day after your termination date. Termination for Cause If your Service is terminated for Cause, then you shall immediately forfeit all rights to your option and the option shall immediately expire. Death If your Service terminates because of your death, then your option will immediately become 100% vested and will expire at the close of business at Company headquarters on the date twelve (12) months after the date of death. During that twelve-month period, your estate or heirs may exercise your option. In addition, if you die during the 90-day period described in connection with a regular termination (i.e., a termination of your Service not on account of your death, Disability or Cause), and a vested portion of your option has not yet been exercised, then your opti...
NON-QUALIFIED STOCK OPTION AGREEMENT. NON-QUALIFIED STOCK OPTION AGREEMENT (together with the attached Notice of Grant of Stock Options and Option Agreement (“Notice of Grant”), the “Option Agreement”) made as of the date (the “Grant Date”) set forth in Notice of Grant, between Integra LifeSciences Holdings Corporation, a Delaware corporation (the “Company”), and the named Key Employee of the Company, a Related Corporation, or an affiliate (the “Employee”).
NON-QUALIFIED STOCK OPTION AGREEMENT. Non-Qualified Stock Option This option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code and will be interpreted accordingly. Vesting This option is only exercisable before it expires and then only with respect to the vested portion of the option. Subject to the preceding sentence, you may exercise this option, in whole or in part, to purchase a whole number of vested shares not less than 100 shares, unless the number of shares purchased is the total number available for purchase under the option, by following the procedures set forth below in this Agreement. Your right to the Stock under this Agreement vests as to thirty three and one-third percent (331/3%) of the total number of shares of Stock covered by this grant, as shown on the cover sheet, each year on each of the first three one-year anniversaries of the Vesting Start Date. The resulting aggregate number of vested shares will be rounded down to the nearest whole number, and you cannot vest in more than the number of shares covered by this option. Except as otherwise provided in the employment agreement between you and the Company, no additional shares of Stock will vest after your Service has terminated for any reason.
NON-QUALIFIED STOCK OPTION AGREEMENT. The Option shall become fully exercisable upon the Grantee's Date of Termination, if the Grantee's Date of Termination occurs by reason of the Grantee's death or Disability.
NON-QUALIFIED STOCK OPTION AGREEMENT. NQSO NO. This Option is granted on ___________________ (the "Grant Date"), by Community Financial Corporation, a Virginia-chartered corporation (the "Corporation"), to _______________ (the "Optionee"), in accordance with the following terms and conditions:
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NON-QUALIFIED STOCK OPTION AGREEMENT. 2019 Equity Incentive Plan Miromatrix Medical Inc. 2019 Equity Incentive Plan Non-Statutory Stock Option Agreement
NON-QUALIFIED STOCK OPTION AGREEMENT. Optionee: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ------------------ Number of Shares Subject to Option: 100,000 ------------------ Exercise Price per Share: $0.46875 ------------------ Date of Grant: January 25, 2001 ------------------