Stock Option Programs Clause Samples

A Stock Option Programs clause outlines the terms under which employees or other stakeholders may be granted the right to purchase company stock at a predetermined price. Typically, this clause details eligibility, vesting schedules, exercise periods, and any conditions or restrictions on the options, such as performance milestones or continued employment requirements. Its core practical function is to incentivize and retain key personnel by aligning their interests with the long-term success of the company, while also providing a structured framework for equity participation.
Stock Option Programs. The Employee shall be eligible to participate in all stock option plans, which the Company may from time to time make available to the employees of the Company. The Employee shall be entitled to receive 15% of the total number of options granted each year by the Board of Directors of the Company to the employees of the Company. The Employee shall also make recommendations to the Board of Directors regarding the grant of stock options to other employees of the Company. All option grants will each vest over a period of years to be determined, consistent with the terms of the ASI stock option plan.
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Stock Option Programs. The Company is party to several stock option programs for the members of the Management Board, members of management bodies of Affiliates of the Company and selected senior managers and employees of the Company and Affiliates of the Company, under which subscription rights for Company Shares are granted to the beneficiaries, which, subject to the achievement of certain performance targets and the expiry of a four (4)-year waiting period, entitle such beneficiaries to the subscription of Company Shares at a certain exercise price whereby one (1) Stock Option entitles the beneficiary to the subscription of one (1) Company Share (collectively, the “Stock Option Programs”).
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Stock Option Programs. The Employee shall participate in all stock option plans which ASIG may from time to time make available to the senior executive employees of the Company. The Employee shall also make recommendations to the Executive Committee of ASIG regarding the grant of stock options to senior executive employees of the Company. In addition to the foregoing, the Employee shall have the option to purchase up to 39 shares of common stock of ASIG at a purchase price equal to 95% of the book value per share of ASIG common stock as of December 31, 1996. This option may be exercised, in whole or in part, by written notice to ASIG by the Employee with corresponding payment of the purchase price, at any time, and from time to time, until not later then March 7, 2002. The determination of the book value of ASIG and shall be made in accordance with generally accepted accounting principles for the insurance business consistently applied by the independent certified public accountants customarily used by ASIG and with the most recent actuarial reports from the independent actuarial consulting firm customarily used by ASIG. This option may be assigned by the Employee to an affiliated company or entity owned or controlled by the Employee.
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Stock Option Programs. The Employee will receive an initial grant of 25,000 stock options issued and priced on the initial date of employment with the Company. Those options will be issued as part of the option grant approved by the Board of Directors at the June 2003 Board of Directors Meeting, which carry a five year cliff vesting provision. Thereafter, the Employee shall be eligible to participate in all stock option plans, which the Company may from time to time make available to the employees of the Company. The Employee shall also make recommendations to the Board of Directors regarding the grant of stock options to other employees of the Company. All option grants will each vest over a period of years to be determined, consistent with the terms of the ASI stock option plan.
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Stock Option Programs. Nexell shall be responsible for --------------------- any and all payments, withholding and reporting obligations that arise on or after the Closing Date under terms of any stock option programs including payments, if any, which may be made by Nexell in its sole discretion, to settle option rights under such programs.
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Related to Stock Option Programs

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

  • Stock Option Grants Pursuant to the following terms and conditions, the Executive shall be eligible to participate in Holdings’ stock option plan and Holdings agrees as follows: i. Holdings shall establish a stock option plan (“Stock Option Plan”) providing for grants of options (the “Stock Options”) to purchase the common stock of BD Investment Holdings Inc., par value $0.01 (the “Buyer Common Stock”) in amounts not less than (i) 2% of the Buyer Common Stock (on a fully-diluted post-exercise basis) in the aggregate per year for all executives, employees and financial advisors of the Company and its subsidiaries, including the Executive selected by the Board after consultation with, and based on the recommendation of, the CEO, for the calendar years beginning on January 1, 2008 and January 1, 2009 and (ii) 2.5% of the Buyer Common Stock (on a fully-diluted post-exercise basis) in the aggregate per year for all executives, employees and financial advisors of the Company and its subsidiaries, including the Executive, selected by the Board after consultation with, and based on the recommendation of, the CEO, for the calendar years beginning on January 1, 2010 and January 1, 2011. ii. Beginning in January 2008, each annual Stock Option grant shall be made between the first and fifteenth business day of the year, unless the CEO, in his sole discretion, shall agree with the Board to a later date during such year (the “Default Date”). If the Board does not approve Stock Option grants in the amounts set forth in Section 4(c)(i) by the Default Date, then Stock Options in such amounts shall be granted pro-rata to existing option holders and employee stockholders as of such date of grant, except that the CEO’s share of such Stock Option grants shall be reduced by 75% and the other four most highly compensated executives’ share of such Stock Option grants shall be reduced by 50%. iii. The per share exercise price of each Stock Option shall be equal to the Fair Market Value of a share of Buyer Common Stock on the date of grant. Each Stock Option granted shall vest in five equal tranches on each of the first five anniversaries of the date of grant subject to the option holder’s continued employment as of each such vesting date; provided, however, that all Stock Options shall automatically vest in full upon a “change in control” (as defined in the Option Plan, it being understood that an IPO shall in no event constitute a change in control). Notwithstanding any provision of this Agreement to the contrary, following an IPO, no additional Stock Options shall be granted pursuant to the Stock Option Plan. iv. Upon termination of his employment, the portion of any Stock Option granted to the Executive which has not yet vested shall terminate. In the event the Executive’s employment terminates for any reason other than for Cause, the Executive may exercise any vested portion of any Stock Option held by him on the date of termination provided that he does so prior to the earlier of (A) ninety (90) days following termination of employment and (B) the expiration of the scheduled term of the Stock Option. Notwithstanding the foregoing, if the Executive’s employment is terminated due to death or disability (as defined in Section 5(b)), then the Executive or, as applicable in the event of death, his beneficiary or estate, may exercise any vested portion of any Stock Option held by the Executive on the date employment terminates for the shorter of (A) the period of twelve (12) months following the termination date and, (B) with respect to each Stock Option individually, the expiration of the scheduled term of such Stock Option. Upon a termination of the Executive’s employment by the Company for Cause, all Stock Options shall be forfeited immediately. v. Holdings, the Company and the Executive agree to cooperate to structure the Stock Option Plan so as to minimize or avoid additional taxes and interest that would otherwise be imposed on the Executive with respect to options granted under the Stock Option Plan pursuant to Section 409A of the Internal Revenue Code as amended (the “Code”); provided, however, that the Company shall have no obligation to grant the Executive a “gross-up” or other “make-whole” compensation for such purpose.

  • Share Option Plans Each share option granted by the Company under the Company’s share option plan was granted (i) in accordance with the terms of the Company’s share option plan and (ii) with an exercise price at least equal to the fair market value of the Ordinary Shares on the date such share option would be considered granted under GAAP and applicable law. No share option granted under the Company’s share option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, share options prior to, or otherwise knowingly coordinate the grant of share options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.