Common use of Grant of Option; Certain Terms and Conditions Clause in Contracts

Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to Participant, and Participant hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 p.m., California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). On each anniversary of the Date of Grant, the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Annual Vesting Rate indicated below. Participant: ____________________ Date of Grant: _____________________ Number of shares purchasable: _____________________ Exercise Price per share: _____________________ Expiration Date: _____________________ Annual Vesting Rate: ____________________% The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 1 contract

Samples: GBC Bancorp (GBC Bancorp)

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Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to ParticipantGrantee, and Participant Grantee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., California Nebraska time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). On each anniversary of the Date of Grant, the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Annual Vesting Rate indicated below. ParticipantGrantee: ______________________________ Date of Grant: ______________________________ Number of shares purchasable: ______________________________ Exercise Price per share: $______________________________ Expiration Date: _____________________ Annual Vesting Rate: ____________________% The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 1 contract

Samples: Data Documents Incorporated (Data Documents Inc)

Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to Participant--------------------------------------------- Optionee, and Participant hereby Optionee accepts, as of the Date of GrantGrant indicated below, an option (the "Option") to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option Exercise Price shall not be less than the Fair Market Value (as defined below) of the Option Shares on the Date of Grant. The Option shall expire at 5:00 p.m., Costa Mesa, California time, on the Expiration Date indicated indicted below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option")Agreement. On each anniversary of the Date of Grant, the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Annual Vesting Rate indicated below. Participant: Optionee:_________________________________________________________ Date of Grant: _____________________ Number of shares purchasable: _____________________ Exercise Price per share: ___$__________________ Expiration Date: ___________________ Vesting Rate: _____% on ___________________ Annual Vesting Rate: _____% on ___________________ _____% on ___________________ _____% on ___________________ _____% on ____________________% The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Standard Pacific Corp /De/)

Grant of Option; Certain Terms and Conditions. The Company hereby grants --------------------------------------------- grants to ParticipantOptionee, and Participant hereby Optionee accepts, as of the Date of GrantGrant indicated below, an option (the "Option") to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which Exercise Price shall not be less than the Fair Market Value (as defined below) of the Option Shares on the Date of Grant. The option shall expire at 5:00 p.m., Costa Mesa, California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option")Agreement. On each anniversary The Option is not intended to qualify as an incentive stock option under Section 422 of the Date of Grant, the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Annual Vesting Rate indicated belowInternal Revenue Code. Participant: Optionee:_________________________________________ Date of Grant: _____________________ Number of shares purchasable: _____________________ Exercise Price per share: _________$____________ Expiration Date: _____________ Vesting Rate: ____ % on _____________ Annual Vesting Rate: ____ % on _____________ ____ % on _____________ ____ % on _____________ ____ % on ____________________% The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Standard Pacific Corp /De/)

Grant of Option; Certain Terms and Conditions. The Company --------------------------------------------- hereby --------------------------------------------- grants to ParticipantEmployee, and Participant Employee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option SharesOPTION SHARES") at the Exercise Price per share indicated below, which option shall expire at 5:00 p.m., California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "OptionOPTION"). On each anniversary of the Date of Grant, the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Annual Vesting Rate indicated below. ParticipantEmployee: __________________________ Date of Grant: _____________________ March 25, 1998 Number of shares purchasable: _____________________ See Exhibit "A" hereto Exercise Price per share: _____________________ See Exhibit "A" hereto Expiration Date: _____________________ Annual Vesting Rate: ____________________% The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986March 25, as amended (the "Code").2008

Appears in 1 contract

Samples: Stock Option Agreement (United Panam Financial Corp)

Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to Participant, and Participant hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 p.m., California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). On each anniversary of the Date of Grant, the Option option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Annual Vesting Rate indicated below. Participant: ____________________ Date of Grant: _____________________ Number of shares purchasable: _____________________ Exercise Price per share: _____________________ Expiration Date: _____________________ Annual Vesting Rate: ____________________% The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the an "CodeIncentive Stock Option").

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Keystone Automotive Industries Inc)

Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to ParticipantEmployee, and Participant Employee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 p.m., California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). On each anniversary of the Date of Grant, the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Annual Vesting Rate indicated below. ParticipantEmployee: _____________________ Date of Grant: _____________________ Number of shares purchasable: _____________________ Exercise Price per share: _____________________ Expiration Date: _____________________ Annual Vesting Rate: ____________________% The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the an "CodeIncentive Stock Option")., and consequently:

Appears in 1 contract

Samples: GBC Bancorp (GBC Bancorp)

Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to ParticipantGrantee, and Participant Grantee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., California Oregon time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). On each anniversary of the Date of Grant, the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Annual Vesting Rate indicated below. ParticipantGrantee: ____________________ ------------------------- Date of Grant: _____________________ , 1996 --------------- ------ Number of shares purchasable: _____________________ --------------------------- Exercise Price per share: _____________________ ---------------------------- Expiration Date: _____________________ , 2004 --------------- ------ Annual Vesting Rate: ____________________% --------------------------- The Option is not intended to qualify as an incentive stock option (an "Incentive Stock Option") under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").) and consequently, notwithstanding anything herein to the contrary:

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Lithia Motors Inc)

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Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to Participant, and Participant hereby accepts, as of the date of grant set forth below (the "Date of Grant"), an option (the "Option") to purchase the number of shares of Common Stock indicated set forth below (the "Option Shares") at the Exercise Price exercise price per share indicated belowset forth below (the "Exercise Price"), which option shall Option will expire at 5:00 p.m., California timeWest Coast Time, on the expiration date set forth below (the "Expiration Date indicated below Date") and shall will be subject to all of the terms and conditions set forth in the Plan and this Agreement (the "Option"). On each anniversary of the Date of Grant, the Option shall will become exercisable to purchase, and shall purchase ("vest with respect to, ") that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Annual Vesting Rate indicated annual vesting rate set forth below. Participant: ____________________________ Date of Grant: _____________________ Number of shares purchasable: _____________________ Exercise Price per sharePrice: _____________________ Expiration Date: _____________________ Annual Vesting Rate: ____________________20% The Option will vest with respect to 20% thereof on the first anniversary of the Date of Grant and thereafter with respect to 1/60 thereof on the first day of each month through and including the fifth anniversary of the Date of Grant, except to the extent the Option is earlier terminated in whole or in part. The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986Code, as amended (the "Code")amended.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Metro-Goldwyn-Mayer Inc)

Grant of Option; Certain Terms and Conditions. The Company --------------------------------------------- hereby --------------------------------------------- grants to Participant, and Participant hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option SharesOPTION SHARES") at the Exercise Price per share indicated below, which option shall expire at 5:00 p.m., California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "OptionOPTION"). On each anniversary of the Date of Grant, the Option option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Annual Vesting Rate indicated below. Participant: ____________________ Date of Grant: _____________________ Date of Grant: March 25, 1998 Number of shares purchasable: _____________________ See Exhibit "A" hereto Exercise Price per share: _____________________ See Exhibit "A" hereto Expiration Date: _____________________ Annual Vesting Rate: ____________________% The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986March 25, as amended (the "Code").2008

Appears in 1 contract

Samples: Stock Option Agreement (United Panam Financial Corp)

Grant of Option; Certain Terms and Conditions. The Company hereby grants --------------------------------------------- grants to ParticipantOptionee, and Participant hereby Optionee accepts, as of the Date of GrantGrant indicated below, an option (the "Option") to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which Exercise Price shall not be less than the Fair Market Value (as defined below) of the Option Shares on the Date of Grant. The option shall expire at 5:00 p.m., Costa Mesa, California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option")Agreement. On each anniversary The Option is not intended to qualify as an incentive stock option under Section 422 of the Date of Grant, the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Annual Vesting Rate indicated belowInternal Revenue Code. Participant: Optionee:_____________________________________________________________ Date of Grant: _____________________________________ Number of shares purchasable: _____________________________________ Exercise Price per share: $____________________________________ [Fair Market Value on Date of Grant] Expiration Date: _____________________________________ Annual [Ten Years after Date of Grant] Vesting Rate: 100% on ____________________% The Option is not intended to qualify as an incentive stock option under Section 422 _________________ [One Year after Date of the Internal Revenue Code of 1986, as amended (the "Code").Grant]

Appears in 1 contract

Samples: Non Qualified (Standard Pacific Corp /De/)

Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to ParticipantGrantee, and Participant Grantee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., California Nebraska time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). On each anniversary of the Date of Grant, the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Annual Vesting Rate indicated below. ParticipantGrantee: _____________________________ Date of Grant: _____________________________ Number of shares purchasable: _____________________________ Exercise Price per share: $_____________________________ Expiration Date: _____________________________ Annual Vesting Rate: ____________________________% The Option is not intended to qualify as an incentive stock option (an "Incentive Stock Option") under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").) and consequently:

Appears in 1 contract

Samples: Data Documents Incorporated (Data Documents Inc)

Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to ParticipantGrantee, and Participant Grantee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., California Oregon time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). On each anniversary of the Date of Grant, the Option shall become exercisable to purchase, and shall vest with respect to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Annual Vesting Rate indicated below. ParticipantGrantee: ____________________ ----------------------------------- Date of Grant: _____________________ ---------------------------------------- Number of shares purchasable: _____________________ ---------------------------------------- Exercise Price per share: _____________________ share:$ --------------------------------------------- Expiration Date: _____________________ ---------------------------------------- Annual Vesting Rate: ____________________% -------------------------------------------- The Option is not NOT intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the an "CodeIncentive Stock Option").

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Lithia Motors Inc)

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