Stock Option Grants Contract Clauses (50)

Grouped Into 5 Collections of Similar Clauses From Business Contracts

This page contains Stock Option Grants clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Stock Option Grants. 100,000 qualified stock options (the "Initial Options") shall be granted to Executive under SEC rule 701 and pursuant to the Company's stock option plan upon 4 commencement of the Engagement Term. Such options will have an exercise price equal to fair market value per share on the date of grant and will vest annually in equal amounts over a period of four (4) years, with 25,000 shares vesting on each one-year anniversary of the date of grant. The option agreement will include (i) a Change of Con...trol provision whereby as of immediately prior to a Change of Control of the Company, all of the stock options will vest and become fully exercisable and a termination provision whereby in the event Executive's engagement is terminated voluntarily or for Cause by the Company, the unvested stock options will expire forthwith but if such engagement is terminated for any other reason (except death or Disability), the options may not be exercised at any time later than six (6) months after such termination of Executive's engagement. If Executive's engagement is terminated by death or disability, the options may be exercised within a period of one (1) year after such termination. View More
Stock Option Grants. 100,000 250 qualified stock options (the "Initial Options") shall be granted to Executive under SEC rule 701 and pursuant to the Company's stock option plan upon 4 commencement of the Engagement Term. Such options will have an exercise price equal to fair market value per share on the date of grant and will vest annually in equal amounts over a period of four (4) three (3) years, with 25,000 83.33 shares vesting on each one-year anniversary of the date of grant. The option agreement will include... (i) a Change of Control provision whereby as of immediately prior to a Change of Control of the Company, all of the stock options will vest and become fully exercisable and (ii) a termination provision whereby in the event Executive's engagement is terminated voluntarily or for Cause by the Company, the unvested stock options will expire forthwith but (iii) if such engagement is terminated for any other reason (except death or Disability), the options may not be exercised at any time later than six (6) months after such termination of Executive's engagement. If Executive's engagement is terminated by death or disability, Disability, the options may be exercised within a period of one (1) year after such termination. 3 7. Benefits. Executive shall participate in all employee welfare and benefit plans and shall receive such other fringe benefits as the Company offers to its senior executives and directors. Until such time that the Company implements an employee health insurance plan, the Company agrees to reimburse Executive for all COBRA payments he makes to maintain health insurance coverage for himself and his family. In addition, Executive shall be entitled to a car lease allowance from the Company during the Engagement Term of up to $750 per month. View More
Stock Option Grants. 100,000 qualified stock options (the "Initial Options") shall be granted to Executive under SEC rule 701 and pursuant to the Company's stock option plan upon 4 commencement of the Engagement Term. Such options will have an exercise price equal to fair market value per share on the date of grant and will vest annually in equal amounts over a period of four (4) years, with 25,000 shares vesting on each one-year anniversary of the date of grant. The option agreement will include (i) a Change of Con...trol provision whereby as of immediately prior to a Change of Control of the Company, all of the stock options will vest and become fully exercisable and a termination provision whereby in the event Executive's engagement is terminated voluntarily or for Cause by the Company, the unvested stock options will expire forthwith but if such engagement is terminated for any other reason (except death or Disability), the options may not be exercised at any time later than six (6) months after such termination of Executive's engagement. If Executive's engagement is terminated by death or disability, the options may be exercised within a period of one (1) year after such termination. View More
View Variations (4)
Stock Option Grants. Subject to approval by the Board, Executive shall be granted an option to purchase 179,192 shares of Common Stock of the Company at the fair market value on the date of grant (the "Option"). The Option shall be governed in all respects by the terms of the governing equity plan documents and option agreement between Executive and the Company, and shall be subject to a vesting schedule whereby 25% of the shares subject to the Option shall vest one year after grant, with the remaining shares vestin...g in equal monthly installments over the following three years thereafter, subject to Executive's continuous service. View More
Stock Option Grants. Subject to approval by the Board, Executive shall be granted an option to purchase 179,192 848,893 shares (as adjusted for any stock split, stock dividend, combination, or other recapitalization or reclassification effected after the date hereof) of Common Stock of the Company at the fair market value on the date of grant (the "Option"). The Option shall be governed in all respects by the terms of the governing equity plan documents and option agreement between Executive and the Company, and sha...ll be subject to a vesting schedule whereby 25% of the shares subject to the Option shall vest one year after grant, the Start Date, with the remaining shares vesting in equal monthly installments over the following three years thereafter, subject to Executive's continuous service. View More
View Variations (2)
Stock Option Grants. The Board will grant Executive 50,000 (Fifty Thousand) stock options exercisable for shares of common stock of the Company under the Company's 2016 Equity Incentive Plan (the "Plan"). The exercise price for the initial stock option award will be the closing market price on the date of grant. All stock option grants hereunder will be evidenced by and subject to the terms of the Plan and a Stock Option Grant Notice and Option Agreement. The vesting schedule and terms for the stock options will be ...set forth in the Stock Option Grant Notice and Option Agreement. View More
Stock Option Grants. The Board will grant Executive 50,000 (Fifty 75,000 (Seventy Five Thousand) stock options exercisable for shares of common stock of the Company under the Company's 2016 Equity Incentive Plan (the "Plan"). The exercise price for the initial stock option award will be the closing market price on the date of grant. All stock option grants hereunder will be evidenced by and subject to the terms of the Plan and a Stock Option Grant Notice and Option Agreement. The vesting schedule and terms for the s...tock options will be set forth in the Stock Option Grant Notice and Option Agreement. View More
View Variation
Stock Option Grants. In connection with the commencement of your employment and subject to the approval of the Company's Board of Directors, you will be granted an option to purchase 210,000 shares ("Option Shares") of Common Stock of the Company. The Option Shares will have an exercise price equal to the fair market value on the date of the grant. The Option Shares will vest at the rate of 25% of the shares on the twelve (12) month anniversary of your Vesting Commencement Date (as defined in your Stock Option Agree...ment, which date will be your Start Date, as defined above) and the remaining Option Shares will vest monthly thereafter at the rate of 1/48 of the total number of the Option Shares per month, until either your Option Shares are fully vested or your employment ends, whichever occurs first. The option will be subject to the terms of the Company's Stock Plan and the Stock Option Agreement betvveen you and the Company. (a) Change of Control Double Trigger. Notwithstanding the provisions of the immediately preceding paragraph, in the event of a Change of Control (as defined below) and if, within eighteen (18) months following such a Change of Control (a) there is a Constructive Termination (as defined below) or (b) your employment is involuntarily terminated by Company (or a successor) other than for Cause (as defined below), the vesting of fifty percent (50%) of your then unvested Option Shares will be accelerated as of the date of such termination or Constructive Termination, provided that (i) if such Change of Control occurs within the first 18 months from your Start Date, the accelerated vesting shall be seventy-five percent (75%) of your then unvested Option Shares instead of the above fifty percent (50%) and (ii) in the event of such acceleration, the aggregate vested Option Shares (those previously vested together with those whose vesting was accelerated) shall be not less than seventy-five percent (75%) of the total Option Shares. As a condition to your receipt of such vesting acceleration, you are required to comply with your continuing obligations (including the return of any Company property) and resign from all positions you hold with the Company. In addition, as a condition of receiving the vesting acceleration under this Section 5(a), you will be required to execute, and allow to become effective, a standard form release agreement releasing any claims you may have against the Company (the "Release") not later than fifty (50) days following your employment termination in the MobileIron Inc., 415 East Middlefield Road, Mountain View, CA 94043 Mobile Iron, Inc. Page 3 form provided by the Company. Unless the Release is timely executed by you, is delivered to the Company, and becomes effective within the required period (the date on which the Release becomes effective, the "Release Date"), you will not receive any of the vesting acceleration provided for under this letter. In no event will vesting acceleration be provided to you until the Release becomes effective. View More
Stock Option Grants. (a) Option Shares. In connection with the commencement of your employment and subject to the approval of the Company's Board of Directors, you will be granted an option to purchase 210,000 a number of shares ("Option Shares") of Common Stock of the Company. Company equal to 1.45% of the fully diluted capitalization of the Company following the August 2009 close of the Series B financing. The fully diluted capitalization of the Company will be determined on an as-converted basis, including unexer...cised options and unallocated shares reserved for issuance under the Company's Stock Plan. The Option Shares will have an exercise price equal to the fair market value on the date of the grant. The Option Shares will vest at the rate of 25% of the shares on the twelve (12) month anniversary of your Vesting Commencement Date (as defined in your Stock Option Agreement, which date will be your Start Date, as defined above) Agreement) and the remaining Option Shares will vest monthly thereafter at the rate of 1/48 of the total number of the Option Shares per month, until either your month. The Vesting Commencement Date for the Option Shares are fully vested or shall be your Start Date (as defined above). Vesting of the Option Shares will, of course, depend on your continued employment ends, whichever occurs first. with the Company. The option options will be subject to the terms of the Company's Stock Plan and the Stock Option Agreement betvveen between you and the Company. (a) (b) Milestone Option Shares. In connection with the achieving mutually agreed objectives ("Milestone") and subject to the approval of the Company's Board of Directors, you will be granted an option to purchase an additional number of shares ("Milestone Option Shares") of Common Stock of the Company equal to 0.15% of the fully diluted capitalization of the Company following the August 2009 close of the Series B financing. The fully diluted capitalization of the Company will be determined on an as-converted basis, including unexercised options and unallocated shares reserved for issuance under the Company's Stock Plan. The Milestone Option Shares will have an exercise price equal to the fair market value on the date of the grant. The Milestone Option Shares will vest at the rate of 25% of the shares on the twelve (12) month anniversary of your Vesting Commencement Date (as defined in your Stock Option Agreement) and the remaining Milestone Option Shares will vest monthly thereafter at the rate of 1/48 of the total number of the Option Shares per month. The Vesting Commencement Date for the Milestone Option Shares shall be the date of grant for the Milestone Option Shares. Vesting of the Milestone Option Shares will, of course, depend on your continued employment with the Company. The options will be subject to the terms of the Company's Stock Plan and the Stock Option Agreement between you and the Company. MobileIron, Inc. Page 3 (c) Change of Control Double Trigger. Notwithstanding the provisions of the immediately preceding paragraph, paragraphs, in the event of a Change of Control (as defined below) and if, within eighteen (18) months following such a Change of Control (a) there is a Constructive Termination (as defined below) or (b) your employment is involuntarily terminated by Company (or a successor) other than for Cause (as defined below), the vesting of fifty percent (50%) of your then unvested Option Shares and Milestone Option Shares will be accelerated as of the date of such termination or Constructive Termination, provided that (i) if such Change of Control occurs within the first 18 months from your Start Date, the accelerated vesting shall be seventy-five percent (75%) of your then unvested Option Shares instead of the above fifty percent (50%) and (ii) in the event of such acceleration, the aggregate vested Option Shares (those previously vested together with those whose vesting was accelerated) shall be not less than seventy-five percent (75%) of the total Option Shares. Termination. As a condition to your receipt of such vesting acceleration, you are required to comply with your continuing obligations (including the return of any Company property) and resign from all positions you hold with the Company. In addition, as a condition of receiving the vesting acceleration under this Section 5(a), 5(c), you will be required to execute, and allow to become effective, a standard form release agreement releasing any claims you may have against the Company (the "Release") not later than fifty (50) days following your employment termination in the MobileIron Inc., 415 East Middlefield Road, Mountain View, CA 94043 Mobile Iron, Inc. Page 3 form provided by the Company. Unless the Release is timely executed by you, is delivered to the Company, and becomes effective within the required period (the date on which the Release becomes effective, the "Release Date"), you will not receive any of the vesting acceleration provided for under this letter. letter, In no event will vesting acceleration be provided to you until the Release becomes effective. View More
View Variation
Stock Option Grants. You will be granted non-statutory options to purchase up to 50,000 shares of common stock of the Company, $0.001 par value per share, under the Company's 2007 Incentive Stock Plan, as amended (the "Plan"), subject to the terms of the Plan, requisite approval from the Compensation Committee of the Board of Directors of the Company (the "Compensation Committee"), and the terms of a stock option agreement to be entered into between you and the Company, which shall reflect the terms of this letter. ...If approved by the Compensation Committee, the grant date of such options will be on the earliest 15th day of the month that next follows your promotion date or the first business day thereafter if that day is not a business day or is a holiday (the "Grant Date"). The per share exercise price will be the per share closing price of the Company's common stock on the Grant Date. Subject to the terms of this letter, the options shall vest and become exercisable as follows: (A) 25% of the shares (12,500 shares) shall vest on the first anniversary of the Grant Date and (B) the remaining 75% 1 of the shares (37,500) shall vest in equal monthly increments thereafter through the fourth anniversary of the Grant Date. View More
Stock Option Grants. You will be granted non-statutory non-qualified options to purchase up to 50,000 150,000 shares of common stock of the Company, stock, $0.001 par value per share, under the Company's 2007 Stock Incentive Stock Plan, as amended (the "Plan"), subject to the terms of of' the Plan, requisite approval from the Compensation Committee of the Board of Directors of the Company (the "Compensation Committee"), Plan and the terms of a the Company's stock option agreement to be entered into between you and t...he Company, agreement, which shall reflect the terms of this letter. If approved by the Compensation Committee, the Agreement. The grant date of such options will be on the earliest 15th day of the a month that next follows your promotion date Commencement Date or the first business day thereafter if that day is not a business day or is a holiday (the "Grant Date"). day. The per share exercise price will be the per share closing price of the Company's common stock on the Grant Date. grant date. Subject to the terms provisions of this letter, Agreement, the options shall vest and become exercisable as follows: (A) 25% of the shares (12,500 (37,500 shares) shall vest on the first anniversary of the Grant Commencement Date and (B) the remaining 75% 1 of the shares (37,500) (112,500 shares) shall vest in equal monthly increments thereafter through the fourth anniversary of the Grant Commencement Date. View More
View Variation