Repricing of Options Clause Samples

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Repricing of Options. The Company shall exchange all outstanding ---------------------- options held by the employees listed on Exhibit F, attached hereto, for new --------- options exercisable for Common Stock at a price per share of $0.
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Repricing of Options. The exercise price of all Options (as defined in the Prior Agreement) you received under the Prior Agreement shall adjusted (the “Repricing”) to an amount equal to the fair market value of the Company’s Class A Common Stock as determined by the Compensation Committee of the Board (the “Compensation Committee”) and/or the Board on the date the Compensation Committee and/or the Board approve and/or ratify the Repricing, provided that you agree to enter into and execute any documents, including amendments to or modifications of your Option Agreements (as defined in the Prior Agreement) requested by the Company necessary to facilitate the Repricing. Your Options shall continue to vest as follows: If you remain a full-time employee of the Company in good standing, on January 1, 2009, 14.3% of the Options shall vest. For each month thereafter, so long as you remain a full-time employee of the Company in good standing, 1/84th of the Options shall vest such that your Options would be fully vested if you are still a full-time employee of the Company in good standing on January 1, 2015.
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Repricing of Options. As soon as practicable after each sale of any of the Shares to the Investor, the exercise price of all option agreements held by current employees and current directors of the Company will be changed to the figure equal to (i) the aggregate purchase price that was paid for all shares of Series A Preferred issued to the Investor prior to the date of determination (whether or not all such shares are then outstanding) divided by (ii) the aggregate number of shares of Series A Preferred that were issued to the Investor prior to the date of determination (whether or not all such shares are then outstanding).
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Repricing of Options. Within the limitations of the Plan, applicable law and listing requirements, the Committee may effect, at any time and from time to time, with the consent of any adversely affected Participant, (i) the reduction of the Exercise Price of any outstanding Option under the Plan or (ii) any other action that is treated as a repricing under generally accepted accounting principles, in each case without stockholder approval; provided, however, that no such reduction or action may be effected if it is determined, in the Company’s sole discretion, that such reduction or action would result in any such outstanding Option becoming subject to the requirements of Section 409A.
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Repricing of Options. Notwithstanding any other provision in the Plan to the contrary, without approval of the Company’s shareholders, an Option may not be amended, modified downward or repriced to reduce the exercise price of any previously granted Option after the Date of Grant or take any action that would be treated as a repricing under the rules of any national securities exchange on which the Stock is then listed, quoted, or traded. Except as otherwise provided in Section 4.4 with respect to an adjustment in capitalization, an Option also may not be surrendered in consideration of or exchanged for cash, other Awards or a new Option having an exercise price below the exercise price of the Option being surrendered or exchanged.
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Repricing of Options. No representation or covenant shall be deemed to be breached in the event that the Company effectuates a repricing of any options previously issued pursuant to a stock option plan in accordance with the terms therewith as a result of the receipt by Holder of any Warrant; provided, however, that under no circumstances shall such repricing result in an exercise price less than the Warrant Share Price.
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Repricing of Options. In the event TAWC reprices any employee stock options during the two year period after the Termination Date, ▇▇▇▇▇▇'▇ stock options shall receive the same repricing treatment.
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Repricing of Options. The 1996 and 1997 Stock Option Plans were amended on December 21, 1998 to provide for the exchange and repricing of all the outstanding options held by current Company employees, except the President and CEO, for new options exercisable at a price lower than that of the cancelled options, bearing the same exercise term. The exercise price for the repriced options equaled $1.00, which was higher than the $0.625 per share closing price of the Company's Common Stock on the date of grant.
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Repricing of Options. Prior to the Effective Time, IntelliPrep may reprice the Options, provided, however, that (i) after any such repricing, the product of the Option exercise price multiplied by the Exchange Ratio shall not be lower than the average of the closing price of the Click2learn Common Stock for the ten trading days prior to the Effective Date and (ii) no Option shall be repriced if the Option holder has not waived any rights arising out of the Merger to accelerate the vesting of such Option.
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Related to Repricing of Options

  • Acceleration of Options One hundred (100%) percent of the Executive’s outstanding, unvested options, restricted stock and/or equity awards (“Equity Awards”) shall, immediately prior to the consummation of the Change in Control, become fully and immediately vested to the extent not already so provided under the terms of such Equity Awards; provided, however, that if the acquirer in a Change in Control grants Equity Awards having (in the reasonable opinion of the Board) a value at least equal to the value of Executive’s then-unvested Company Equity Awards, then 50% of the Executive’s outstanding, unvested Company Equity Awards shall become fully and immediately vested immediately prior to the consummation of the Change in Control (and the remaining 50% shall terminate upon the consummation of the Change in Control). Notwithstanding any provisions of the stock option plan or stock option agreement pursuant to which any stock options subject to the preceding sentence were granted, the Executive shall be entitled to exercise such Equity Awards until three years from the date of termination of employment or the expiration of the stated period of the Equity Award, whichever period is the shorter.

  • Vesting of Options The Option shall vest (become exercisable) in accordance with the vesting schedule shown on page 1 of this Award Agreement. Notwithstanding the vesting schedule on page 1, the Option will also vest and become exercisable: (a) Upon your death or Disability during your Continuous Status as a Participant; or (b) Upon a Change in Control.

  • Vesting of Option The Option shall be 100% vested upon the date of grant.

  • ▇▇▇▇▇ of Option The Plan Administrator of the Company hereby grants to the Optionee named in the Notice of Grant attached as Part I of this Agreement (the "Optionee") an option (the "Option") to purchase the number of Shares, as set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant (the "Exercise Price"), subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 15(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonstatutory Stock Option ("NSO").

  • Termination of Options The Options will terminate at the time specified below: (a) If a Change in Control occurs after the Grant Date but prior to the Grantee’s Separation, all Options that are exercisable at the time of (or become exercisable after) such Change in Control will terminate at the expiration of the Term. (b) If, in the absence of a Change in Control after the Grant Date, the Grantee’s Separation occurs prior to the Close of Business on December 31, 2020 on account of a termination of the Grantee’s employment or service for Cause, all Options that are not vested and exercisable as of the Close of Business on the date of Separation will terminate at the Close of Business on the date of Separation. (c) If (i) the Grantee’s Separation occurs after the Close of Business on December 31, 2020, or (ii) the Grantee’s Separation occurs (A) on account of a termination of the Grantee’s employment or service without Cause, (B) on account of a termination of the Grantee’s employment or service by the Grantee with or without Good Reason, or (C) by reason of the death or Disability of the Grantee, all Options that are vested and exercisable as of the Close of Business on the date of Separation after giving effect to the provisions of Sections 3 and 7 above will terminate at the expiration of the Term. In any event in which Options remain exercisable for a period of time following the date of the Grantee’s Separation as provided above, the Options may be exercised during such period of time only to the extent the same were vested and exercisable as provided in Section 3 above on such date of Separation (after giving effect to the application of Section 7 above). Notwithstanding any period of time referenced in this Section 8 or any other provision of this Agreement or any other agreement that may be construed to the contrary, the Options will in any event terminate not later than upon the expiration of the Term.