Common use of Alternative Award of Stock Options Clause in Contracts

Alternative Award of Stock Options. If Employee elects to receive stock options, this Section 3(b) shall be considered a part of this Agreement; otherwise it shall not be considered a part of this Agreement. Sprint hereby grants to Employee, under Sprint’s 1990 Stock Option Plan, an option to purchase 12,000 shares of Sprint common stock at a price of $38.4375 per share. The option shall become exercisable, with respect to 25% of the total shares granted, on each of the first four anniversaries of the Effective Date. The option shall expire on August 12, 2006. The terms of the 1990 Stock Option Plan are hereby incorporated into this Agreement by reference. The option includes a right to a reload option as provided in Section 7 of the 1990 Stock Option Plan.

Alternative Award of Stock Options. If Employee elects to receive stock options, this Section 3(b) 3.02 shall be considered a part of this Agreement; otherwise it shall not be considered a part of this Agreement. Sprint hereby grants to Employee, under Sprint’s 's 1990 Stock Option Plan, an option to purchase 12,000 10,000 shares of Sprint common stock at a price of $38.4375 56.50 per share. The option shall become exercisable, with respect to 25% of the total shares granted, on each of the first four anniversaries of the Effective Date. The option shall expire on August 12December 9, 20062007. The terms of the 1990 Stock Option Plan are hereby incorporated into this Agreement by reference. The option includes a right to a reload option as provided in Section 7 of the 1990 Stock Option Plan.

Alternative Award of Stock Options. If Employee elects to receive stock options, this Section 3(b) 3.02 shall be considered a part of this Agreement; otherwise it shall not be considered a part of this Agreement. Sprint hereby grants to Employee, under Sprint’s 's 1990 Stock Option Plan, an option to purchase 12,000 30,000 shares of Sprint common stock at a price of $38.4375 56.50 per share. The option shall become exercisable, with respect to 25% of the total shares granted, on each of the first four anniversaries of the Effective Date. The option shall expire on August 12December 9, 20062007. The terms of the 1990 Stock Option Plan are hereby incorporated into this Agreement by reference. The option includes a right to a reload option as provided in Section 7 of the 1990 Stock Option Plan.

Alternative Award of Stock Options. If Employee elects to receive stock options, this Section 3(b) 3.02 shall be considered a part of this Agreement; otherwise it shall not be considered a part of this Agreement. Sprint hereby grants to Employee, under Sprint’s 1990 Stock Option Plan, an option to purchase 12,000 shares of Sprint common stock at a the price of $38.4375 56.50 per share. The option shall become exercisable, with respect to 25% of the total shares granted, on each of the first four anniversaries of the Effective Date. The option shall expire on August 12December 9, 20062007. The terms of the 1990 Stock Option Plan are hereby incorporated into this Agreement by reference. The option includes a right to a reload option as provided in Section 7 of the 1990 Stock Option Plan.