Options Grant Clause Samples

Options Grant. The Company hereby grants to Executive options to purchase (x) 7,500 shares of Class L Common ("Class L Option Shares") at an exercise price of $13.50 per share (the "Class L Exercise Price") and (y) 67,500 shares of Class A Common ("Class A Option Shares"; and together with the Class L Option Shares, the "Option Shares") at an exercise price of $.1667 per share (the "Class A Exercise Price"). The Class L Exercise Price and the Class A Exercise Price are collectively referred to herein as "Option Prices" and individually as an "Option Price". The Options will be immediately exercisable and, subject to earlier expiration as provided in subsection 1(b) below, will expire on the Expiration Date. The Options are not intended to be "incentive stock options" within the meaning of Section 422A of the Internal Revenue Code of 1986, as amended.

Options Grant. Parent Company grants to Executive an option to purchase 120,000 shares of the common stock of Parent Company, subject to the provisions set forth in this subsection (d) if, during the term of this Agreement, Executive increases Company's earnings and revenue growth as set forth herein. The option shall vest as follows: (i) if earnings growth for any fiscal quarter during the first twelve month period following execution of this Agreement equals or exceeds 20% (as computed using generally accepted accounting principles), Executive shall be entitled to purchase 1,000 shares of Parent Company's common stock at a price of $4.00 per share; if revenue growth for any fiscal quarter during the first twelve month period following execution of this Agreement equals or exceeds 20% (as computed using generally accepted accounting principles), Executive shall be entitled to purchase 1,500 shares of Parent Company's common stock at a price of $4.00 per share (ii) if earnings growth for any fiscal quarter during the first twelve month period following execution of this Agreement equals or exceeds 30% (as computed using generally accepted accounting principles), Executive shall be entitled to purchase an additional 1,000 shares of Parent Company's common stock at a price of $4.00 per share; if revenue growth for any fiscal quarter during the first twelve month period following execution of this Agreement equals or exceeds 30% (as computed using generally accepted accounting principles), Executive shall be entitled to purchase an additional 1,500 shares of Parent Company's common stock at a price of $4.00 per share (iii) if earnings growth for any fiscal quarter during the second twelve month period following execution of this Agreement equals or exceeds 20% (as computed using generally accepted accounting principles), Executive shall be entitled to purchase 1,000 shares of Parent Company's common stock at a price of $5.00 per share; if revenue growth for any fiscal quarter during the second twelve month period following execution of this Agreement equals or exceeds 20% (as computed using generally accepted accounting principles), Executive shall be entitled to purchase 1,500 shares of Parent Company's common stock at a price of $5.00 per share (iv) if earnings growth for any fiscal quarter during the second twelve month period following execution of this Agreement equals or exceeds 30% (as computed using generally accepted accounting principles), Executive shall be entit...

Options Grant. The Company has awarded key management of the Company 300,000 options, pursuant to the Company's Stock Option Plan, exercisable at a price of $0.50 per common share, vesting in December 2020.

Options Grant. The Company hereby grants to Executive options to ------------- purchase (x) 229,922 shares of Class A Common ("Class A Option Shares") at an --------------------- exercise price of $0.044 per share (the "Class A Exercise Price") and (y) 25,547 ---------------------- shares of Class L Common ("Class L Option Shares" and together with the Class A --------------------- Option Shares, the "Option Shares") at an exercise price of $3.60 per share (the ------------- "Class L Exercise Price"). The Class A Exercise Price and the Class L Exercise ---------------------- Price are collectively referred to herein as "Option Prices" and individually -------------- as "Option Price". The option to purchase Class A Option Shares may be ------------ exercised independently of the option to purchase Class L Option Shares, and likewise the option to purchase Class L Option Shares may be exercised independently of the option to exercise Class A Option Shares. The Options will be immediately exercisable and, subject to earlier expiration as provided in subsection 1(b) below, will expire on the Expiration Date. The Options are not intended to be "incentive stock options" within the meaning of Section 422A of the Code.

Options Grant. The Company shall recommend to the Board that the Executive be granted options to purchase 900,000 shares of Stock (the “Options”) as soon as reasonably practicable following the execution of this Agreement. The Options shall have an exercise price equal to the Fair Market Value of the shares of Stock on the date of grant and shall consist of the following: (i) 600,000 shares subject to the Options shall have time-based vesting terms (the “Time Based Options”) with one-third of such shares vesting on each yearly anniversary of the date of grant, and (ii) 300,000 shares subject to the Options shall have performance-based vesting terms (the “Performance-Based Options”) with (a) one-third of such shares vesting when the trading price target of $3.50 per share is met in accordance with the applicable option agreement, (b) an additional one-third of such shares vesting when the trading price target of $5.00 per share is met in accordance with the applicable option agreement, and (c) the remaining one-third of such shares vesting when the trading price target of $6.50 per share is met in accordance with the applicable option agreement. The forms of such option agreements for the Time-Based Options and the Performance-Based Options are attached hereto as Exhibit A hereto.

Options Grant. On the Effective Date, the Executive will receive stock options to purchase 1,000,000 (one million) shares of the common stock of the Company, $0.001 par value per share (the "Options"; "Common Stock"). To the maximum extent possible under applicable tax rules and regulations then in effect, the Options will be incentive stock options within the meaning of section 422(b) of the Internal Revenue Code of 1986, as amended, for federal income tax purposes, and the balance, if any, of the Options will be non-qualified stock options.

Options Grant. The Company shall, upon the earlier of the Effective or the date when the Company’s 2020 Share Incentive Plan (the “Plan”) is amended to increase the number of shares of common stock available for grant,, grant Executive up to 275,000 (Two hundred seventy five thousand) options (the “Options”) to purchase common stock of the Company with an exercise price of $.001 per share. The Options shall vest equally over five years at the rate of one-fifth (1/5th) beginning on the first anniversary date of the Effective Date. No Options shall vest after the termination of Executive’s employment and any unvested Options shall be forfeited upon the termination of Executive’s employment. All terms of the Options granted under this Agreement shall be governed by the Plan. Insofar as the Plan and this Agreement conflict, the terms of the Plan shall govern.

Options Grant. Executive shall receive options in the amounts and on the terms set forth in Schedule A hereto, subject to approval by the Board of Directors of the Company or the appropriate Committee thereof.

Options Grant. The Company hereby awards to the Grantee options for the acquisition of all or any part of the number of shares set forth above of the authorized but unissued and/or reacquired shares of the one cent ($.01) par value common stock of the Company, at the exercise price set forth above. The exercise price shall be payable as set forth in paragraph 1(c) of the Master Agreement.