Common use of Confirmation of Grant of Option Clause in Contracts

Confirmation of Grant of Option. (a) In accordance with the Plan, the Corporation hereby irrevocably grants to the Optionee on _________, 20__ (the "Date of Grant") the right to purchase (hereinafter called the "Option") an aggregate of up to ________ shares of Common Stock (the “Option Shares”), subject to adjustment as provided in Section 5 of the Plan.

Appears in 2 contracts

Samples: Form of Stock Option Agreement (Universal Power Group Inc.), Form of Stock Option Agreement (Universal Power Group Inc.)

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Confirmation of Grant of Option. (a) In accordance with a. Pursuant to the Option Plan, the Corporation Compensation Committee hereby irrevocably grants to the Optionee on [_________, 20__ _] (the "Date of Grant") the right to purchase (hereinafter called the "Option") an aggregate of up to [________ ___] shares of the Common Stock (the “Option Shares”)Stock, subject to adjustment as provided in Section 5 of the Plan7 hereof.

Appears in 2 contracts

Samples: Form for Incentive Stock Option Agreement (Wachtel William B), Form for Incentive Stock Option Agreement (Chodock Marc)

Confirmation of Grant of Option. (a) In accordance with the Plan, the Compensation Committee of the Board of Directors of the Corporation hereby irrevocably grants to the Optionee on ________, _, 20___ (the "Date of Grant") the right to purchase (hereinafter called the "Option") an aggregate of up to ________ shares of the Common Stock (the “Option Shares”)Stock, subject to adjustment as provided in Section 5 of the Plan8 hereof.

Appears in 2 contracts

Samples: Stock Option Agreement (Lifepoint Inc), Non Qualified Stock Option (Lifepoint Inc)

Confirmation of Grant of Option. (a) In accordance with the Plan, the Board of Directors of the Corporation hereby irrevocably grants to the Optionee on ________, _, 20___ (the "Date of Grant"') the right to purchase (hereinafter called the "Option") an aggregate of up to ________ shares of the Common Stock (the “Option Shares”)Stock, subject to adjustment as provided in Section 5 8 hereof. [The Option is intended to be an incentive stock option as such term is defined in Section 422 of the PlanInternal Revenue Code of 1986, as amended (the "Code").]

Appears in 1 contract

Samples: Stock Option Agreement (Lifepoint Inc)

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Confirmation of Grant of Option. (a) In accordance with the Plan, the Board of Directors of the Corporation hereby irrevocably grants to the Optionee on ________, _, 20___ (the "Date of Grant") the right to purchase (hereinafter called the "Option") an aggregate of up to ________ shares of the Common Stock (the “Option Shares”)Stock, subject to adjustment as provided in Section 5 8 hereof. [The Option is intended to be an incentive stock option as such term is defined in Section 422 of the PlanInternal Revenue Code of 1986, as amended (the "Code").]

Appears in 1 contract

Samples: Stock Option Agreement (Lifepoint Inc)

Confirmation of Grant of Option. (a) In accordance with the Plan, the Compensation Committee of the Board of Directors of the Corporation hereby irrevocably grants to the Optionee on ________, _, 20___ (the "Date of Grant"') the right to purchase (hereinafter called the "Option") an aggregate of up to ________ shares of the Common Stock (the “Option Shares”)Stock, subject to adjustment as provided in Section 5 of the Plan8 hereof.

Appears in 1 contract

Samples: Non Qualified Stock Option (Lifepoint Inc)

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