Common use of Grant of Option; Purchase Price Clause in Contracts

Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from the Plan to Executive the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 70,000 shares of common stock, $0.01 par value per share, of the Company (the “Shares”) at a purchase price per Share equal to $5.67, which price is intended to be at least 100% of the fair market value of the Company’s common stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).

Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan (other than the limits contained in Section 5 of the Plan, which will not apply), the Company hereby grants from the Plan to Executive Employee the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 70,000 one million (1,000,000) shares of common stock, $0.01 par value per share, of the Company Common Stock (the “Shares”) at a purchase price per Share equal to $5.671.00, which price is intended to be at least 100% of the fair market value of the Company’s common stock Common Stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).

Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from the Plan to Executive Director the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 70,000 [ ( )] shares of common stock, $0.01 par value per share, of the Company (the “Shares”) at a purchase price per Share equal to $5.67[ ], which price is intended to be at least 100% of the fair market value of the Company’s common stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).

Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from the Plan to Executive the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 70,000 71,324 shares of common stock, $0.01 par value per share, of the Company (the “Shares”) at a purchase price per Share equal to $5.6714.61, which price is intended to be at least 100% of the fair market value of the Company’s common stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).

Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan (other than the limits contained in Section 5 of the Plan, which will not apply), the Company hereby grants from the Plan to Executive Employee the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 70,000 five hundred thousand (500,000) shares of common stock, $0.01 par value per share, of the Company Common Stock (the “Shares”) at a purchase price per Share equal to $5.671.00, which price is intended to be at least 100% of the fair market value of the Company’s common stock Common Stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).

Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from the Plan to Executive the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 70,000 35,000 shares of common stock, $0.01 par value per share, of the Company (the “Shares”) at a purchase price per Share equal to $5.675.62, which price is intended to be at least 100% of the fair market value of the Company’s common stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).

Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from the Plan to Executive the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 70,000 50,000 shares of common stock, $0.01 par value per share, of the Company (the “Shares”) at a purchase price per Share equal to $5.676.94, which price is intended to be at least 100% of the fair market value of the Company’s common stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).

Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from the Plan to Executive the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 70,000 Twenty-five Thousand (25,000) shares of common stock, $0.01 par value per share, of the Company (the “Shares”) at a purchase price per Share equal to $5.6719.95, which price is intended to be at least 100% of the fair market value of the Company’s common stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).

Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from the Plan to Executive the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 70,000 Seventy-eight Thousand (78,000) shares of common stock, $0.01 par value per share, of the Company (the “Shares”) at a purchase price per Share equal to $5.6732.10, which price is intended to be at least 100% of the fair market value of the Company’s common stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).

Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from the Plan to Executive Director the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 70,000 Twenty Thousand (20,000) shares of common stock, $0.01 par value per share, of the Company (the “Shares”) at a purchase price per Share equal to $5.6719.81, which price is intended to be at least 100% of the fair market value of the Company’s common stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).

Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from the Plan to Executive the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 70,000 Seventy-five Thousand (75,000) shares of common stock, $0.01 par value per share, of the Company (the “Shares”) at a the purchase price prices per Share equal to set forth below: No. of Shares Purchase Price Per Share 25,000 $5.67, which 28.75 25,000 $30.00 25,000 $35.00 Each such price is intended to be at least 100% of the fair market value of the Company’s common stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).

Grant of Option; Purchase Price. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants from the Plan to Executive Employee the right and option, hereinafter called the “Option”, to purchase all or any part of an aggregate of 70,000 shares of common stock, $0.01 par value per share, of the Company Common Stock (the “Shares”) at a purchase price per Share equal to $5.67$ , which price is intended to be at least 100% of the fair market value of the Company’s common stock Common Stock on the grant date (determined in accordance with the Company’s procedures for calculating such fair market value).