Common use of Award and Purchase Price Clause in Contracts

Award and Purchase Price. Subject to the terms of this Agreement and the Plan, the Participant is hereby granted an option (the “Option”) to purchase [ ] shares of Stock (the “Award”). The price of each share of Stock subject to the Option shall be $[ ]. The Option is not intended to constitute an “incentive stock option” as that term is used in Code section 422.

Appears in 3 contracts

Samples: Stock Option Award Agreement (Friendly Ice Cream Corp), Board of Directors Stock Option Award Agreement (Friendly Ice Cream Corp), Stock Option Award Agreement (Friendly Ice Cream Corp)

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Award and Purchase Price. Subject to the terms of this Agreement and the Plan, the Participant is hereby granted an option (the "Option") to purchase [ ] shares of Stock (the "Award"). The price of each share of Stock subject to the Option shall be $[ ]$ . The Option is not intended to constitute an "incentive stock option" as that term is used in Code section 422.

Appears in 1 contract

Samples: Stock Option Award Agreement (Friendly Ice Cream Corp)

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Award and Purchase Price. Subject to the terms of this Agreement and the Plan, the Participant is hereby granted an option (the “Option”) to purchase [ ] shares of Stock (the “Award”). The price of each share of Stock subject to the Option shall be $[ ]$ . The Option is not intended to constitute an “incentive stock option” as that term is used in Code section 422.

Appears in 1 contract

Samples: 2003 Incentive Plan (Friendly Ice Cream Corp)

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