Grant of Option/Price Sample Clauses

Grant of Option/Price. The Company hereby irrevocably grants to the Optionee the right and option to purchase Fifty Thousand (50,000) Shares of Common Stock, no par value, of First Albany Companies Inc. (the "Common Stock") at a purchase price of $5.98 per share pursuant to the Company's Stock Incentive Plan (the "Plan"). The option granted herein is intended to be an incentive stock option under Section 422A of the Internal Revenue Code of 1986, as amended (the "Code"). The Plan, a copy of which is attached hereto, is made a part hereof, and incorporated herein, with the same force and effect as if repeated herein in full. The number of shares subject to the option and purchase price shall be subject to adjustment as provided in the Plan.
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Grant of Option/Price. The Company agrees to grant Executive stock options, as of the Effective Date, to acquire 1,500,000 shares of the Company’s common stock for a strike price equal to $0.70 per share (as equitably adjusted for reverse splits, forward splits and recapitalizations) (the “Employee Options”). The Employee Options shall be governed by an option agreement between Executive and the Company, in substantially the form attached hereto (the “Option Agreement”).
Sample 1Sample 2
Grant of Option/Price. The Company agrees to grant Executive options of the Effective Date to acquire 7.5% (1,496,993 shares) of the Company’s common stock (calculated on a fully diluted basis as of the Effective Date) for a strike price equal to the closing price of the Company’s common stock as of June 27, 2006 (i.e., $0.70 per share) (the “Employee Options”). The Employee Options will be calculated based on the issued and outstanding common shares as of the Effective Date (i.e., 17,115,954 common shares), the number of granted and unexercised employee stock options (approximately 1,524,557 options), and the issued and unexercised warrants to acquire common stock of the Company (approximately 1,319,389 warrants). The Employee Options shall be governed by an option agreement between Executive and the Company, in substantially the form attached hereto (the “Option Agreement”).
Sample 1
Grant of Option/Price. Each Securityholder hereby grants to Acquiror the unconditional, irrevocable (during the term of this Agreement) option (the "Option") to purchase from such Securityholder all Company Common Stock and Company Option Securities beneficially owned by such Securityholder at the time of exercise of the Option, as provided below. The Option granted hereunder may be exercised for all, but not less than all, Company Common Stock and Company Option Securities beneficially owned by all such Securityholders at the time of exercise. The price for Company Common Stock purchased by Acquiror hereunder shall be $7.14 per share and the price for Company Option Securities shall be the product of (x) the number of shares of Company Common Stock with respect to which such Company Option Securities are vested at the time of exercise and (y) the excess, if any, of $7.14 over the per share exercise price of such Company Option Securities.
Sample 1
Grant of Option/Price. The Company hereby grants to the Optionee the right and option (the "Option") to purchase from the Company, on the terms and subject to the conditions hereinafter set forth, 195,000 shares of Stock. The purchase price (the "Option Price") for the shares of Stock subject to the Option granted by this Option Agreement is $5.00 per share.
Sample 1
Grant of Option/Price. The Company agrees to grant Executive stock options, as of the Effective Date, to acquire 500,000 shares of the Company’s common stock for a strike price equal to a per share price equal to the average closing price of the Company’s common stock for the last ten trading days immediately preceding the date of this Agreement (the “Ten Day Average Closing Price”) (as equitably adjusted for reverse splits, forward splits and recapitalizations) (the “Employee Options”). The Employee Options shall be governed by an option agreement between Executive and the Company, in substantially the form attached hereto (the “Option Agreement”).
Sample 1

Related to Grant of Option/Price

  • Payment of Option Price The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six (6) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

  • Grant of Option The Corporation hereby grants to Optionee, as of the Grant Date, an option to purchase up to the number of Option Shares specified in the Grant Notice. The Option Shares shall be purchasable from time to time during the option term specified in Paragraph 2 at the Exercise Price.

  • Grant of Options The Company hereby grants Optionee the right and option ("Option") to purchase the above described Twenty Million (20,000,000) shares of Common Stock, on the terms and conditions set forth herein and subject to the provisions of the Form S-8 registration statement in exchange for services provided by Employee to the Company, the options shall vest immediately upon the exercise hereof.

  • Option Price The Option price is $_______ for each Share, being 100% of the fair market value, as determined by the Committee, of the Common Stock on the date of grant of this Option.

  • Option; Option Price On the terms and subject to the conditions of the Plan and this Agreement, including, without limitation, Section 18 of this Agreement, the Optionee shall have the option (the “Option”) to purchase Shares at the price per Share (the “Option Price”) and in the amounts set forth on the signature page hereto. Payment of the Option Price may be made in the manner specified by Section 5.9 of the Plan. The Option is not intended to qualify for federal income tax purposes as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). Except as otherwise provided in Section 7 of this Agreement, the Option shall remain exercisable as to all Vested Options (as defined in Section 4) until the expiration of the Option Term (as defined in Section 3). Except as otherwise provided in the Plan or this Agreement, upon a Termination of Relationship, the unvested portion of the Option (i.e., that portion which does not constitute Vested Options) shall terminate.

  • Confirmation of Grant of Option Pursuant to a determination by the Board of Directors of the Company made as of April 19, 2001 (the "Date of Grant"), the Company hereby confirms that the Director has been granted effective April 19, 2001, as a matter of separate inducement and agreement, and in addition to and not in lieu of salary or other compensation for services to be rendered by the Director, the right to purchase (the "Option") 20,761 shares of Common Stock, $.01 par value, of the Company (the "Shares"), subject to adjustment as provided in Section 7 hereof.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Grant of the Option The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of [# OF SHARES] Shares, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option shall be $[PRICE] per Share (the “Option Price”). The Option is intended to be a non-qualified stock option, and is not intended to be treated as an option that complies with Section 422 of the Internal Revenue Code of 1986, as amended.

  • Grant of Option; Conditions Tenant shall have the right (the “Extension Option”) to extend the Term for one (1) additional period of five (5) years beginning on the day immediately following the expiration date of the Lease and ending on the fifth anniversary of such expiration date (the “Extension Term”), if:

  • Award of Option This Agreement evidences the grant to the Optionee of an option (the “Option”) to purchase [ ] shares of the Company’s Common Stock (the “Option Shares”). The Option is subject to the terms set forth herein, and in all respects is subject to the terms and provisions of the Plan, which terms and provisions are incorporated herein by this reference. Except as otherwise specified herein or unless the context herein requires otherwise, the terms defined in the Plan will have the same meanings herein.

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