Grant of Option; Option Price. (a) On the terms and subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Optionee the Option to purchase up to the number of Shares listed on the signature page hereto (the “Option Shares”) at an exercise price of $100 per Share, which is not less than Fair Market Value (the “Exercise Price”) as of the Grant Date. The Optionee acknowledges receipt of a copy of the Plan and acknowledges that the definitive records pertaining to the grant of this Option, and exercises of rights hereunder, shall be retained by the Company. The Option is not intended to be an “incentive stock option” within the meaning of Section 422 of the Code.
Grant of Option; Option Price. Company hereby grants to Optionee, as a matter of separate inducement and agreement, and not in lieu of any salary or other compensation for Optionee’s services, the right and option to purchase (the “Option”) all or any part of an aggregate of ( ) shares of Common Stock (“Option Shares”), on the terms and conditions set forth herein, subject to adjustment as provided in Section 7, at a purchase price of [the closing price on ($ )] per share (“Option Price”). The Option Price is considered by the Company and Optionee to be not less than the fair market value of the Common Stock on the Effective Date, which is the date on which the Option was granted to Optionee (“Option Date”).
Grant of Option; Option Price. The Company hereby grants to Optionee, the right and Option to purchase ("Option") all or any part of an aggregate of 500,000 shares of Common Stock ("Option Stock") on the teens and conditions set forth herein and in the Plan, subject to adjustment as provided in Section 7 hereof, at a purchase price of $0.01 per share ("Option Price"). The Company and Optionee consider the Option Price to be not less than the Fair Market Value of the Common Stock on the date hereof, which is the date on which the Option was granted to Optionee ("Option Date").
Grant of Option; Option Price. Company hereby grants to Optionee, as a matter of separate inducement and agreement in connection with his being a director of the Company (and not in lieu of any salary or other compensation for Optionee's services) the right and option to purchase (the "Option") all or any part of an aggregate of Four Thousand (4,000) shares of Common Stock ("Option Shares") on the terms and conditions set forth herein, subject to adjustment as provided in Section 7, at a purchase price of three and five-sixteenths dollars ($3.3125). The Company and Optionee consider the Option Price to be not less than the fair market value of the Common Stock on the date hereof, which is the date on which the Option was granted to Optionee ("Option Date").
Grant of Option; Option Price. The Company hereby grants to the Optionee an option to purchase [ ] shares of Common Stock at a purchase price per share of [ ] (“Option”). The Option is intended to be treated as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (“Code”), however, notwithstanding such intention, treatment as such will depend upon satisfaction of certain conditions set forth in the Code and may not be available in all instances. It is the responsibility of the Optionee to seek independent tax advice with regard to the tax treatment of the Option, the exercise thereof, the disposition of any Common Stock acquired upon exercise of the Option and any other related matters.
Grant of Option; Option Price. Company hereby grants to Optionee, as a matter of separate inducement and agreement in connection with her being a director of the Company (and not in lieu of any salary or other compensation for Optionee’s services) the right and option to purchase (the “Option”) all or any part of an aggregate of ( ) shares of Common Stock (“Option Shares”) on the terms and conditions set forth herein, subject to adjustment as provided in Section 7, at a purchase price of ($ ). The Company and Optionee consider the Option Price to be not less than the Fair Market Value (as defined in the Plan) of the Common Stock on the Effective Date, which is the date on which the Option was granted to Optionee (“Option Date”).
Grant of Option; Option Price. On the terms and subject to the conditions of this Agreement, the Company hereby grants to the Optionee the option (the "Option") to purchase an aggregate of 2,226,000 shares of Common Stock (the "Option Shares") at an exercise price of $.83 per share (the "Exercise Price").
Grant of Option; Option Price. Owner, for and in consideration of the sum of One Million Six Hundred Thousand and 00/100ths ($1,600,000.00) Dollars (together with any extension payments paid pursuant to Section 3 below, collectively the “Option Price”), to be paid by Optionee to Owner by wire transfer or other immediately available funds upon execution and delivery of this Agreement, and in consideration of the covenants and agreements herein contained, does hereby give, grant and convey to Optionee, the sole and exclusive right and option to purchase the Property on the terms and conditions set forth herein (the “Purchase Option”). Except as expressly set forth in Section 6 below, the Option Price shall be nonrefundable and shall be retained by Owner whether or not the Purchase Option is exercised or terminated.
Grant of Option; Option Price. Company hereby grants to Optionee, as a matter of separate inducement and agreement in connection with being a director of the Company (and not in lieu of any other compensation for Optionee’s services) the right and option to purchase (the “Option”) all or any part of an aggregate of ( ) shares of the Company’s Common Stock (the “Option Shares”) on the terms and conditions set forth herein, subject to adjustment as provided in Section 7, at a purchase price of ($ ) per share (the “Option Price”). The Company and Optionee consider the Option Price to be not less than the Fair Market Value (as defined in the Plan) of the Common Stock on the Effective Date, which is the date on which the Option was granted to Optionee (the “Option Date”).
Grant of Option; Option Price. The Company hereby evidences and confirms its grant to you on October 19, 1995 of an option (the "Option") to purchase the number of Common Shares shown above at an option price of $18.25 per share which is the fair market value of the optioned shares (as defined in the Plan) on the day the Option was granted. The Option shall be subject to the provisions of the Plan. 2 2.
