Option Compensation Clause Samples

Option Compensation. Executive shall receive a grant of 1,250,000 non-statutory stock options, at an exercise equal to the volume weighted average price of the Company’s common stock on the Effective Date, pursuant to the terms and subject to the conditions of a Stock Option Agreement of even date herewith between Executive and Company.

Option Compensation. As payment for the services to be rendered by the Employee as provided in Section 1 and subject to the provisions of this Agreement, the Company shall issue to Employee options to purchase up to 3,000,240 shares of Company common stock pursuant to the terms of the Company’s 2013 Stock Option Plan and the Plan award documents. The material terms of the options shall be as follows: (i) $.0191984 per share exercise price; (ii) vesting 50% on grant/50% monthly for 24 months; and (iii) rights of cashless exercise.

Option Compensation. Employee shall be entitled to earn stock option compensation equal to a total of one and three quarter percent of the Company’s issued and outstanding common stock, par value $.001, (“Common Stock”) based upon the Company’s issued and outstanding Common Stock as of the July 13, 2012. All options granted as part of the Option Compensation shall (i) have a three year term from the date of issuance, subject to a two year extension of each such term in the event Employee serves the full Term of this Agreement, (ii) have an exercise price based upon a $15 million valuation of the Company; and (iii) vest in accordance with the following schedule (the “Option Compensation”): Immediate vesting: 0.25% Completion of Year 1 of Term: 0.5% Completion of Year 2 of Term: 0.5% Completion of Year 3 of Term: 0.5%

Option Compensation. Employee's entitlement to Option compensation will be determined by the Board's Compensation Committee at a later date.

Option Compensation. Executive acknowledges having been granted a non-statutory stock option to purchase 1,500,000 shares of the Company’s common stock, at an exercise equal to $0.50 per share, pursuant to the terms and subject to the conditions of a Stock Option Agreement dated October 18, 2016 between Executive and Company.

Option Compensation. On the Effective Date, Executive will be granted an option exercisable for 50,000 shares of the Company’s common stock at a strike price of $5.99. The option shall vest as follows: one-fourth shall vest at the Effective Time with one-fourth vesting each year thereafter until fully vested. The options shall terminate on the earlier of the ten (10) year anniversary of the Effective Date or the 90th day after Executive’s termination of employment for any reason, other than for death or disability, in which case the grant shall terminate on the 366th day after death or disability, and shall be subject to terms and conditions set out in the Company’s 2007 Equity Compensation Plan and related stock option grant.

Option Compensation. Subject to the approval of the Compensation Committee of the Board of Directors, you will be granted 60,000 options to purchase common stock of NEON commensurate with your position with NEON and pursuant to the terms and conditions of the NEON Systems, Inc. Employee Stock Option Plan. These shares will vest over a four (4) year period of continuous employment with NEON on the following basis: one-quarter (1/4) of the total shares shall vest on the first anniversary of your date of employment, with one-sixteenth (1/16) of the total shares vesting each quarter thereafter for 12 additional quarters of continuous employment.

Option Compensation. On the Effective Date, Executive will be granted an option exercisable for 150,000 shares of the Company’s common stock at a strike price equal to the greater of (i) $10 per share or (ii) the closing price of the Company’s common stock on the Effective Date. The option shall be fully exercisable at grant, shall terminate on the earlier of the ten (10) year anniversary of the Effective Date or the 90th day after Executive’s termination of employment for any reason, other than for death or disability, in which case the grant shall terminate on the 366th day after death or disability, and shall be subject to terms and conditions similar to those set out in the Company’s 2007 Equity Compensation Plan and related stock option grant, although the option shall not be issued pursuant to the Company’s 2007 Equity Compensation Plan. Any shares acquired upon exercise of the option shall be subject to the restrictions set forth in Section 4.3(c). In the event that the closing stock price is greater than $10 per share on the Effective Date, the Company shall pay Executive, within 10 business days following the Effective Date, an amount in cash equal to: (the closing price of the common stock on the Effective Date minus $10) multiplied by 150,000. In lieu of this additional cash payment, at the Company’s option, the Company may issue to Executive a number of shares of common stock equal in value, based on the closing price of the stock on the Effective Date, to this amount. Such shares shall be subject to the restrictions set forth in Section 4.3(c).

Option Compensation. The Company shall grant Consultant options to purchase up to 20,000 shares of its common stock, par value $0.001 per share ("Common Stock"), at an exercise price per share equal to the closing sales price of the Company's Common Stock on the OTC Bulletin Board as of the date of this Agreement. Such options shall be granted pursuant to the Company's 1999 Stock Option Plan and its standard form stock option agreement; with such variations as are necessary to implement the following terms with respect to the circumstances under which the options shall become vested and exercisable: (i) options to purchase 1,500 shares shall vest for each meeting of the Advisory Committee actually attended in person or telephonically; (ii) options to purchase 1,000 shares shall vest for each personal introduction to a Decision Maker of a Prospect, as each of such terms is defined below, which personal introduction is confirmed in writing by Consultant in a written notice to the Chief Financial Officer of the Company; and (iii) options to purchase 1,500 shares shall vest upon the execution by Global Media and a Prospect of one or more network associate agreements, subject to the maximum number of options set forth above.