Prior Grant Sample Clauses

Prior Grant. The Company and the Executive acknowledge and agree that, (i) in connection with the execution and delivery of the Original Agreement, Flamel granted to the Executive an option (the “Original Stock Option”) to purchase One Hundred Thousand (100,000) American Depositary Shares (ADSs), with each such ADS representing one (1) of Flamel’s ordinary shares, at an exercise price equal to the fair market value of the Flamel ADSs as of the date of grant of the Original Stock Option; (ii) the board of directors of Flamel approved the grant of the Original Stock Option; and (iii) pursuant to the Merger, Avadel adopted and assumed such Original Stock Option and, as a result, upon and after the Merger, the Original Stock Option became and is exercisable for an equal number of the ADSs of Avadel plc. The terms and conditions of the Original Stock Option (including the vesting provisions thereof) shall continue in effect as adopted and assumed by Avadel plc without modification by this Agreement.
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Prior Grant. The Company and the Executive acknowledge and agree that, (i) in connection with the execution and delivery of the Original Agreement, Avadel plc granted to the Executive an option (the “Original Stock Option”) to purchase One Hundred Fifty Thousand (150,000) American Depositary Shares (ADSs), with each such ADS representing one (1) of Avadel plc’s ordinary shares, at an exercise price equal to the fair market value of the Avadel plc ADSs as of the date of grant of the Original Stock Option; and (ii) the board of directors of Avadel approved the grant of the Original Stock Option. The terms and conditions of the Original Stock Option (including the vesting provisions thereof) shall continue in effect without modification by this Agreement.
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Prior Grant. Executive was previously granted options to purchase 50,000 shares of ISO Class A Common Stock in 2005, of which 10,000 shares were an acceleration of an option grant that otherwise would have been made in 2008 and 10,000 shares were an acceleration of an option grant that otherwise would have been made in 2009. These shares were awarded pursuant to the terms of the Stock Option Agreement for ▇▇▇▇▇ ▇. ▇▇▇▇▇, as amended effective March 1, 2006 (the “▇▇▇▇▇ ▇▇▇▇▇ Agreement”). Those options shall remain in effect subject to Executive’s continuing employment with ISO and shall vest and become exercisable in accordance with the terms of the ▇▇▇▇▇ ▇▇▇▇▇ Agreement.
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Related to Prior Grant

  • Forfeiture of Restricted Stock Units In the event of termination of Employee’s employment with the Company or any employing Subsidiary of the Company for any reason other than (i) normal retirement on or after age 70, (ii) death or (iii) disability (disability being defined as being physically or mentally incapable of performing either the Employee’s usual duties as an Employee or any other duties as an Employee that the Company reasonably makes available and such condition is likely to remain continuously and permanently, as determined by the Company or employing Subsidiary), or except as otherwise provided in the second and third sentences of subparagraph (c) of this Paragraph 2, Employee shall, for no consideration, forfeit all Restricted Stock Units to the extent they are not fully vested.

  • Forfeiture of Restricted Stock In addition to the circumstance described in Section 9(a) hereof, any and all shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company upon the termination by the Grantee, the Company or its subsidiaries of the Grantee’s employment for any reason other than those set forth in Section 4 or other than without “Cause” prior to the date on which such shares of Restricted Stock would otherwise vest. All or any portion of the Restricted Stock may be forfeited by the Grantee prior to vesting at his or her sole discretion.

  • Restricted Stock Grant As a member of Employer’s senior management team, Employee will be eligible for annual Restricted Stock Grants pursuant to Anaren’s 2004 Comprehensive Long Term Incentive Plan, as amended (“2004 Plan”) equal in value to 22% of his Base Salary for the respective year. Restrictive Stock Grants will be made annually at the same time other Restricted Stock Grants are made by Anaren to its senior management team, provided Employee is employed with Employer on that date. All Restricted Stock grants issued pursuant to this provision will be subject to the terms of the 2004 Plan, including, but not limited to, a thirty-six (36) month forfeiture provision. Notwithstanding anything to the contrary, in the event Employee’s employment concludes on or after the expiration of the Period of Employment, Employee shall be entitled if the forfeiture period has not otherwise lapsed only to a pro rata portion of each unvested Restricted Stock Grant based on the number of months employed by Employer from the date of grant to the expiration of the Period of Employment date. In the way of example, if Employee has been employed for 18 months of the 36 month forfeiture period at the end of his Period of Employment, he will receive 50% of the Restricted Shares granted. If Employee remains employed by Employer on a full time basis (30 hours or more per week) after the Period of Employment as an at-will Employee, all previously issued restricted stock shall continue to vest in accordance with the terms of the 2004 Plan.

  • Restricted Stock Award Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Participant Shares (the “Restricted Shares”), which shall vest and become nonforfeitable in accordance with Section 3 hereof.

  • Forfeiture of Restricted Shares Subject to Section 4(b), if your Service to the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited shall be returned to the Company for cancellation.