Stock Options Contract Clauses (5,095)

Stock Options. Subject to the approval of the Company's Board of Directors or its Compensation Committee, you will be granted an option to purchase 100,000 shares of the Company's Common Stock. The exercise price per share will be determined by the Board of Directors or the Compensation Committee when the option is granted. The option will be subject to the terms and conditions applicable to options granted under the Company's 2015 Stock Plan (the "Plan"), as described in the Plan and the applicable stock... option agreement. You will vest in 25% of the option shares after 12 months of continuous service, and the balance will vest in equal quarterly installments over the next 36 months of continuous service, as described in the applicable stock option agreement. View More

Stock Options. 6.2 Exercise Price. 6.3 Vesting of Stock Options. 6.4 Term of Stock Options. 6.5 Stock Option Exercise. 6.6 Additional Rules for Incentive Stock Options.

Stock Options. The Company granted you options (the "Options") to purchase up to 200,000 shares of the Company's Common Stock on terms and conditions specified in certain Notice of Stock Option Award and Stock Option Agreement (the "Option Agreements"). As of the Termination Date, the Options are vested with respect to no shares. Pursuant to the terms of the Option Agreements, the Options shall terminate with respect to all unvested shares as of the Termination Date and, unless exercised in accordance with... the terms of the Option Agreements prior to such time, the Options shall terminate with respect to all vested shares on the date that is 90 days after the Termination Date. You acknowledge and agree that you have no stock or equity rights of any kind in the Company except as described under this Section 6. View More

Stock Options. The Board has granted you an option for the purchase of 52,011 shares of common stock of the Company, with an exercise price equal to the closing trading price on the date of the grant (the "Time-Based Option"). The Time-Based Option shall vest in equal quarterly installments over the 4-year period following the date of the grant, as described in more detail in the applicable stock option agreement to be provided by the Company, provided that you remain employed by the Company on each such... vesting date. The Board also has granted you an option for the purchase of 18,189 shares of common stock of the Company, with an exercise price equal to the closing trading price on the date of the grant (the "Performance Option"). The vesting of the Performance Option shall be subject to performance-based parameters described in the applicable stock option agreement to be provided by the Company. Your eligibility for these stock options will be governed by the Company's 2015 Stock Incentive Plan and the associated stock option agreements required to be entered into by you and the Company (the "Equity Documents"). Your stock options granted prior to the date of this letter shall also remain subject to the applicable Equity Documents. View More

Stock Options. You will also be granted a non-qualified stock option to purchase a number of shares of the common stock of the Company equal to 0.65% of the Company's fully-diluted common stock. The exercise price per share will be equal to the fair market value per share on the grant date of such options by the Compensation Committee of the Board of Directors. You will vest in 25% of the option shares on the first anniversary of the commencement of employment and 1/36th of the option shares each month... thereafter. The terms and conditions of the options will be more fully described in the Company's Amended and Restated 2003 Stock Incentive Plan and Stock Option Agreement to be provided to you. View More

Stock Options. In connection with entering into this offer letter, following the commencement of your employment with the Company and provided that you are employed by the Company on the date of grant, the Company will grant you an option to purchase 90,000 shares of the Company's common stock (the "Stock Option") at a per share exercise price equal to the Fair Market Value of a share of the Company's common stock on the date of grant (as determined in accordance with the Company's 2011 Incentive Award Plan,... as amended from time to time (the "Plan")). Subject to your continued employment with the Company through the applicable vesting date, 1/3rd of the shares underlying the Stock Option will vest on the first anniversary of the Effective Date and 1/36th of the shares underlying the Stock Option will vest on each monthly anniversary of the Effective Date thereafter. In addition, as set forth in Section 13.2(d)(ii) of the Plan, if the Stock Option is not assumed or substituted in connection with a Change in Control (as defined in the Plan), the Stock Option will become fully vested and exercisable immediately prior to the consummation of such Change in Control, subject to your continued employment with the Company until immediately prior to such Change in Control. Subject to the foregoing, the terms and conditions of the Stock Option will be set forth in a separate award agreement (the "Stock Option Agreement") in such form as is prescribed by the Company, to be entered into by the Company and you. View More

Stock Options. Subject to approval by the Compensation Committee of the Company's Board of Directors, you will be granted an option to purchase 175,000 shares of the Company's common stock. The share options vest as follows: 25% shall vest upon completion of one year of service measured from your vesting commencement date, and the balance shall vest quarterly in a series of 12 successive equal installments upon your completion of each additional quarter of service, measured from the one year anniversary of... your vesting commencement date. The exercise price of the options and the commencement of vesting will be set on the date that the option is approved by the Compensation Committee. A Notice of Grant of Stock Option will be provided to you following this approval. First year bonuses will be prorated based on hire date. View More

Stock Options. 6.1. The Company has previously granted to the Executive options to purchase 19,973 shares of the Company's Common Stock (the "Options"). Notwithstanding the closing under the Purchase Agreement, the Options shall remain in full force and effect in accordance with the terms of the Options, except as hereinafter set forth. 2 6.2. The parties agree that within 30 days following the date hereof, the Options shall be amended to reduce the exercise price to a nominal amount, to require Executive to... exercise such options within 30 days of executing such amendment to the Options, to provide for the Company's right of first refusal on any sale by the Executive of shares acquired upon exercise of the Options ("Option Shares"), to provide that Option Shares may not be transferred by Executive for three (3) years following the date of exercise and such other terms as shall be agreed upon by the parties. 6.3. The parties further agree that as soon as practicable following the date hereof, and in any event within 90 days following the date hereof, the Board will create, and submit to the Company's shareholders for approval, an incentive stock option plan on such terms as shall be approved by the Board, and Executive shall be granted options under such plan as hereinafter set forth and on such other terms as shall be approved by the Board. The terms of such plan shall include an "Automatic Annual Grant of Options", as hereinafter defined, to Executive. As used herein, "Automatic Annual Grant of Options" means, that effective the first day of the Company's fiscal year for each of the five consecutive fiscal years commencing October 1, 2017, provided Executive is then employed by the Company or a subsidiary or parent of the Company, the Executive will be granted an option to purchase shares of the Company's Common Stock equal to one-half of one percent (0.5%) of the Company's outstanding Common Stock on a fully diluted basis as of the previous day, at an exercise price per share equal to fair market value on the date of grant, with such options to vest one-third on each of the first three anniversaries of the date of grant provided Executive is employed by the Company or a subsidiary or parent of the Company on such vesting date. 6.4. The parties agree that within 30 days following the date hereof, the Company will grant Executive incentive stock options to purchase 18,577 shares of the Company's Common Stock at an exercise price of $6.48 per share, which options shall have a term of ten (10) years and shall vest and become exercisable as follows, provided Executive is employed by the Company or a subsidiary or parent of the Company on such vesting date: March 1, 2017 – 6,192 shares March 1, 2018 – 12,384 shares in total March 1, 2019 – 18,577 shares in total. View More

Stock Options. In connection with the commencement of your employment, the Company will recommend to its Board of Directors that it grant you an option (the "Option") to purchase 15,000 shares of Common Stock (the "Shares") with an exercise price equal to the fair market value of the Common Stock on the date of grant. This Option will vest and become exercisable, subject to your continued employment with the Company or one of its subsidiaries on each applicable vesting date, as to 25% of the Shares after your... first year of employment and as to 1/48th of the Shares each month thereafter. The Option will be granted under and subject to the terms and conditions of the Company's equity incentive plan and will be contingent on your execution of the Company's standard Stock Option Agreement. A copy of the Company's equity incentive plan and the Stock Option Agreement will be provided to you as soon as practicable after the grant date. You agree to sign and return any Stock Option Agreement provided to you by the Company in connection with this grant. You also agree to sign any other agreements or documents provided by the Company that may be required under applicable laws to receive the Option or any shares of common stock upon exercise of the Option. View More

Stock Options. Subject to the approval of the Board (including a majority of the independent members of the Board) or Compensation Committee, the Company will grant to you a non-qualified stock option (the "Option") for the purchase of an aggregate of 224,000 shares of Common Stock of the Company (subject to appropriate adjustments for stock splits, stock dividends, combinations, recapitalizations and similar transactions affecting the Common Stock of the Company after the date hereof) at a price per share... equal to the closing sale price of the Common Stock on the Nasdaq Global Market on the date of grant, as an inducement material to you joining the Company, pursuant to Rule 5635(c)(4) of the Nasdaq Listed Company Manual. The Option shall be subject to all terms, vesting schedules and other provisions set forth in a separate option agreement. The Option will have a term of ten (10) years except as set forth in the stock option agreement and be subject to a vesting schedule of four (4) years, with 25% of the shares vesting on the first anniversary of your employment start date and 6.25% of the shares vesting each quarter thereafter. Notwithstanding anything to the contrary in the stock option agreement, if a "Change in Control Event" (as defined on Exhibit A attached hereto) occurs and, within one (1) year of such Change in Control Event, your employment is terminated by the Company (or any successor) without "Cause" (as defined on Exhibit A) or by you for "Good Reason" (as defined on Exhibit A), the vesting schedule of the Option shall be accelerated in full. You may be eligible to receive future stock options grants as the Board shall deem appropriate and in its sole and absolute discretion. View More