Common use of Grant of Option and Option Price Clause in Contracts

Grant of Option and Option Price. Subject to the terms and conditions hereof, the Company hereby grants to Optionee as of the close of business on the 22nd day of April, 1998, the right, privilege and option to purchase Fifty Thousand (50,000) shares of the Company's common stock, par value $.10, at an option price of $4.1875 a share (the "Exercise Price), such Exercise Price being one hundred percent (100%) of the Fair Market Value of the Common Stock as determined at the close of the business on the 22nd day of April, 1998. Such option is hereinafter referred to as the "Option" and the shares of Common Stock purchasable upon the exercise of the Option are hereinafter sometimes referred to as the "Option Shares".

Grant of Option and Option Price. Subject to the terms and conditions hereof, the Company hereby grants to Optionee as of the close of business on the 22nd day of April, 1998, the right, privilege and option to purchase Fifty One Hundred Seventy-Six Thousand Five Hundred (50,000176,500) shares of the Company's common stock, par value $.10, at an option price of $4.1875 1.25 a share (the "Exercise Price), such Exercise Price being one hundred percent (100%) of the Fair Market Value of the Common Stock as determined at the close of the business on the 22nd 8th day of AprilJuly, 19981999. Such option is hereinafter referred to as the "Option" and the shares of Common Stock purchasable upon the exercise of the Option are hereinafter sometimes referred to as the "Option Shares"...

Grant of Option and Option Price. Subject to the terms and conditions hereof, the Company hereby grants to Optionee as of the close of business on the 22nd 19th day of AprilJune, 19982006, the right, privilege and option to purchase Fifty Thousand two hundred thousand (50,000200,000) shares (“Total Option Shares”) of the Company's common stock’s Common Stock, par value $.10, at an option price of $4.1875 8.01 a share (the "“Exercise Price), such Exercise Price being one hundred percent (100%) of the Fair Market Value of the Common Stock as determined at as the close of the business closing price on the 22nd 19th day of AprilJune, 19982006. Such option is hereinafter referred to as the "“Option" ” and the shares of Common Stock purchasable upon the exercise of the Option are hereinafter sometimes referred to as the "“Option Shares"”.

Grant of Option and Option Price. Subject to the terms and conditions hereof, the Company hereby grants to Optionee as of the close of business on the 22nd 19th day of AprilJune, 19982006, the right, privilege and option to purchase Fifty Thousand two hundred fifty thousand (50,000250,000) shares (“Total Option Shares”) of the Company's common stock’s Common Stock, par value $.10, at an option price of $4.1875 8.01 a share (the "Exercise AExercise Price), such Exercise Price being one hundred percent (100%) of the Fair Market Value of the Common Stock as determined at as the close of the business closing price on the 22nd 19th day of AprilJune, 19982006. Such option is hereinafter referred to as the "Option" AOption@ and the shares of Common Stock purchasable upon the exercise of the Option are hereinafter sometimes referred to as the "Option Shares".AOption Shares@.

Grant of Option and Option Price. Subject to the terms and conditions hereof, the Company hereby grants to Optionee as of the close of business on the 22nd 29th day of AprilNovember, 19982001, the right, privilege and option to purchase Fifty Thousand forty thousand (50,00040,000) shares of the Company's common stock, par value $.10, at an option price of $4.1875 2.73 a share (the "Exercise Price), such Exercise Price being one hundred percent (100%) of the Fair Market Value of the Common Stock as determined at as the close means of the business high and low trading prices on the 22nd 29th day of AprilNovember, 19982001. Such option is hereinafter referred to as the "Option" and the shares of Common Stock purchasable upon the exercise of the Option are hereinafter sometimes referred to as the "Option Shares".