Performance Stock Option definition
Examples of Performance Stock Option in a sentence
Notwithstanding anything to the contrary contained in this Agreement, any termination of Employee's employment by the Company will have no effect on Employee's rights under that certain Stock Option Agreement granted to Employee pursuant to the Company's Employee-Shareholder Performance Stock Option Plan, which agreement was entered into between the Employee and the Company as of the Effective Date.
At the Effective Time, the Medicus 1989 Stock Option Plan, the Medicus 1991 Stock Option Plan, the Medicus 1993 Stock Option Plan, the Medicus 1993 Performance Stock Option Plan, the Medicus 1994 Stock Option Plan, the Medicus 1994 Directors' Stock Option Plan, the Medicus 1995 RCM Stock Option Plan, the Medicus 1996 C.E.O. Stock Option Plan, the Medicus 1996 C.E.O. Replacement Stock Option Plan, the Medicus 1996 C.E.O.
The Company, acting through a Committee (as defined in the Plan) with the consent of the Company's Board of Directors (the "Board") has granted to the Grantee, effective as of the date of this Agreement, an option under the Company's 1997 Performance Stock Option Plan (the "Plan") to purchase shares of Common Stock, on the terms and subject to the conditions set forth in this Agreement and the Plan.
This Agreement, together with the Performance Stock Option Agreement, the Restricted Stock Agreement, and the Performance Restricted Stock Agreement, set forth the entire agreement of the parties hereto in respect of the subject matter contained herein and supersede all prior agreements, promises, covenants, arrangements, communications, representations and warranties, whether oral or written, by any officer, employee or representative of any party hereto in respect of such subject matter.
Furthermore, Thirty-Four Thousand Four Hundred Fifty (34,450) shares of Class D Common Stock in the aggregate have been reserved for issuance upon the exercise of outstanding stock options granted pursuant to the Argo-Tech Corporation 1991 Performance Stock Option Plan.
Participant hereby acknowledges that he or she has read and understood the terms regarding collection, processing and transfer of Data contained in Section 10 of the Agreement and, by accepting the Performance Stock Option, Participant agrees to such terms.
Notwithstanding anything in Section 1.4 of the Agreement to the contrary, Participant agrees to pay the Performance Stock Option Price and any Tax-Related Items solely by means of a cashless sell-to-cover or cashless sell-all method of exercise.
Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of Participant’s personal data, as described in this Agreement and any other Performance Stock Option grant materials by and among, as applicable, the Employer, the Company and Subsidiaries for the exclusive purpose of implementing, administering and managing Participant’s participation in the Plan.
Therefore, if the total amount that Participant pays upon a one-time transaction for exercising this Performance Stock Option and purchasing shares of common stock exceeds ¥100,000,000, then Participant must file both a Payment Report and a Securities Acquisition Report.
This provision supplements Section 1.3 of the Agreement: Notwithstanding anything to the contrary in Section 1.3 of the Agreement, in the event of Participant’s termination of Continuous Service, Participant shall be permitted to exercise the Performance Stock Option for the shorter of (a) the post-termination exercise period set forth in the Agreement and (b) six months (or such other period as may be required by SAFE) after the termination of Participant’s Continuous Service.