Common use of Grant of Option; Grant Date Clause in Contracts

Grant of Option; Grant Date. The Company hereby grants to Holder pursuant to the Company's 1999 Stock Incentive Compensation Plan, as amended from time to time (the "Plan"), a copy of which is available from the Company on request, the right (the "Option") to purchase up to the number of shares of the Company's Common Stock listed in Item (C) above (the "Option Shares") at the price per share set forth in Item (D) above (the "Exercise Price"), on the terms and conditions set forth in this Agreement and in the Plan, the terms and conditions of the Plan being incorporated into this Agreement by reference. This Option is not intended to qualify as an incentive stock option for purposes of Section 422 of the Internal Revenue Code of 1986, as amended. The number and kind of Option Shares and the Exercise Price may be adjusted in certain circumstances in accordance with the provisions of Section 14 of the Plan.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Christophersen Gary R), Seattle Filmworks (Photoworks Inc /Wa), Nonqualified Stock Option Agreement (Christophersen Gary R)

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Grant of Option; Grant Date. The Company hereby grants to Holder pursuant to the Company's 1999 ’s 2000 Stock Incentive Compensation Plan, as amended from time to time (the "Plan"), a copy of which is available from the Company on request, the right (the "Option") to purchase up to the number of shares of the Company's ’s Common Stock listed in Item (C) above (the "Option Shares") at the price per share set forth in Item (D) above (the "Exercise Price"), on the terms and conditions set forth in this Agreement and in the Plan, the terms and conditions of the Plan being incorporated into this Agreement by reference. This Option is not intended to qualify as an incentive stock option for purposes of Section 422 of the Internal Revenue Code of 1986, as amended. The number and kind of Option Shares and the Exercise Price may be adjusted in certain circumstances in accordance with the provisions of Section 14 13 of the Plan.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Pacific Financial Corp)

Grant of Option; Grant Date. The Company hereby grants to Holder pursuant to the Company's 1999 Employee Stock Incentive Compensation Option Plan, as amended from time to time (the "Plan"), a copy of which is available from the Company on request, the right (the "Option") to purchase up to the number of shares of the Company's Common Stock listed in Item (C) above (the "Option Shares") at the price per share set forth in Item (D) above (the "Exercise Price"), on the terms and conditions set forth in this Agreement and in the Plan, the terms and conditions of the Plan being incorporated into this Agreement by reference. This Option is not intended to qualify as an incentive stock option for purposes of Section 422 of the Internal Revenue Code of 1986, as amended. The number and kind of Option Shares and the Exercise Price may be adjusted in certain circumstances in accordance with the provisions of Section 14 9 of the Plan.

Appears in 1 contract

Samples: Seattle Filmworks (Seattle Filmworks Inc)

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Grant of Option; Grant Date. The Company hereby grants to Holder pursuant to the Company's 1999 2000 Stock Incentive Compensation Plan, as amended from time to time (the "Plan"), a copy of which is available from the Company on request, the right (the "Option") to purchase up to the number of shares of the Company's Common Stock listed in Item (C) above (the "Option Shares") at the price per share set forth in Item (D) above (the "Exercise Price"), on the terms and conditions set forth in this Agreement and in the Plan, the terms and conditions of the Plan being incorporated into this Agreement by reference. This Option is not intended to qualify as an incentive stock option for purposes of Section 422 of the Internal Revenue Code of 1986, as amended. The number and kind of Option Shares and the Exercise Price may be adjusted in certain circumstances in accordance with the provisions of Section 14 13 of the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Pacific Financial Corp)

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