Common use of Confirmation of Grant of Option Clause in Contracts

Confirmation of Grant of Option. Subject to the terms of the Plan and this Agreement, the Corporation hereby grants to the Participant the right to purchase (hereinafter referred to as the "OPTION") an aggregate of 38,475 shares of Class A Stock, subject to adjustment as provided in the Plan (such shares, as adjusted, hereinafter being referred to as the "SHARES"). The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended.

Confirmation of Grant of Option. Subject to the terms of the Plan and this Agreement, the Corporation hereby grants to the Participant the right to purchase (hereinafter referred to as the "OPTION") an aggregate of 38,475 20,000 shares of Class A Stock, subject to adjustment as provided in the Plan Sections 21 and 22 hereof (such shares, as adjusted, hereinafter being referred to as the "SHARES"). The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "CODE").

Confirmation of Grant of Option. Subject to the terms of the Plan and this Agreement, the Corporation hereby grants to the Participant the right to purchase (hereinafter referred to as the "OPTION") an aggregate of 38,475 25,000 shares of Class A Stock, subject to adjustment as provided in the Plan (such shares, as adjusted, hereinafter being referred to as the "SHARES"). The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended.