Common use of Grant of Option Clause in Contracts

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of shares (the "Option Shares") of common stock, par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 3 contracts

Samples: Stock Option Agreement (May & Speh Inc), Stock Option Agreement (Acxiom Corp), Stock Option Agreement (Acxiom Corp)

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Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 4,478,308 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 .01 per share share, of Issuer (the "Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option ) at a purchase price of $23.55 (as adjusted as set forth herein) 13.00 per Option Share (the "Purchase Price").

Appears in 3 contracts

Samples: Stock Option Agreement (Perseptive Biosystems Inc), Stock Option Agreement (Perkin Elmer Corp), Merger Agreement (Perkin Elmer Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of shares (the "Option Shares") of common stock, par value $0.10 0.01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 14.96 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 3 contracts

Samples: Stock Option Agreement (Acxiom Corp), Stock Option Agreement (Acxiom Corp), Stock Option Agreement (May & Speh Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of shares 1,155,127 shares, as adjusted as set forth herein (the "Option Shares") ," which shall include the Option Shares before and after any transfer of such Option Shares), of common stockstock of Issuer, $1.00 par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $17.50.

Appears in 2 contracts

Samples: Stock Option Agreement (Bb&t Corp), Stock Option Agreement (Virginia First Financial Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of shares 1,959,668 shares, as adjusted as set forth herein (the "Option Shares") ," which shall include the Option Shares before and after any transfer of such Option Shares), of common stockstock of Issuer, $.01 par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $24.75.

Appears in 2 contracts

Samples: Stock Option Agreement (Life Bancorp Inc), Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 2,974,658 shares (subject to adjustment as set forth herein) (the "Option Shares") of Class A common stock, par value $0.10 .01 per share share, of Issuer ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option ) at a purchase price of $23.55 (as adjusted subject to adjustment as set forth herein) of $33.75 per Option Share (the "Purchase Price").

Appears in 2 contracts

Samples: Stock Option Agreement (Oxford Resources Corp), Stock Option Agreement (Barnett Banks Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the such number of shares (as adjusted as set forth herein) (the "Option Shares") of common stockCommon Stock, no par value $0.10 per share value, of Issuer (the "Issuer Common Stock"), ) as equals 19.9% of Issuer the issued and outstanding immediately prior to the grant shares of the Option Issuer Common Stock at a purchase price of $23.55 (as adjusted as set forth herein) 60.00 per Option Share (the "Purchase Price").

Appears in 2 contracts

Samples: Stock Option Agreement (Warner Lambert Co), Stock Option Agreement (Agouron Pharmaceuticals Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 1,809,804 shares (as adjusted as set forth herein, the "Option Shares", which shall include the Option Shares before and after any transfer of such Option Shares) of common stock, par value $0.10 0.01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) per Option Share (the "Purchase Price")) equal to $15.50.

Appears in 2 contracts

Samples: Stock Option Agreement (Richmond County Financial Corp), Stock Option Agreement (Richmond County Financial Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 250,000 shares (the "Option Shares") of common stock, par value $0.10 .01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) 0.53 per Option Share (the "Purchase Price").

Appears in 2 contracts

Samples: Stock Option Agreement (Cfoex), Stock Option Agreement (Cfoex)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 500,000 shares (the "Option Shares") of common stock, par value $0.10 .01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) 0.53 per Option Share (the "Purchase Price").

Appears in 2 contracts

Samples: Stock Option Agreement (Cfoex), Stock Option Agreement (Cfoex)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 654,629 shares as adjusted as set forth herein (the "Option Shares") ," which shall include the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted per Option Share, subject to adjustment as set forth herein) per Option Share herein (the "Purchase Price"), equal to $26.75.

Appears in 2 contracts

Samples: Stock Option Agreement (Bb&t Corp), Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up 620,940 shares (subject to 19.9% of the number of shares adjustment as set forth herein) (the "Option Shares") of common stock, par value $0.10 1.00 per share share, of Issuer ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option ) at a purchase price of $23.55 (as adjusted subject to adjustment as set forth herein) of $30.30 per Option Share (the "Purchase Price").

Appears in 2 contracts

Samples: Merger Agreement (First Source Bancorp Inc), Stock Option Agreement (Pulse Bancorp Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 791,700 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 1.00 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $28.00.

Appears in 2 contracts

Samples: Stock Option Agreement (Matewan Bancshares Inc), Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "OptionOPTION") to purchase up to 19.9% shares (the "OPTION SHARES") of Issuer Common Stock at a price per Option Share of $5.40 (the "PURCHASE PRICE"); provided, however, that in no event shall the number of shares (the "Option Shares") of common stock, par value $0.10 per share ("Issuer Common Stock"), Stock for which this Option is exercisable exceed 19.9% of Issuer Issuer's issued and outstanding immediately prior to the grant shares of the Option at a purchase price Common Stock as determined in accordance with Section 4(e) of $23.55 (as adjusted as set forth herein) per Option Share (the "Purchase Price")this Agreement.

Appears in 2 contracts

Samples: Stock Option Agreement (Immucor Inc), Stock Option Agreement (Gamma Biologicals Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 14,340,154 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 0.05 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 34.00 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 2 contracts

Samples: Stock Option Agreement (Falcon Drilling Co Inc), Stock Option Agreement (Falcon Drilling Co Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 6,700,000 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 10.00 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $29.75.

Appears in 2 contracts

Samples: Stock Option Agreement (One Valley Bancorp Inc), Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 2,199,000 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 2.50 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $9.50.

Appears in 2 contracts

Samples: Stock Option Agreement (Bankfirst Corp), Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of shares (the "Option Shares") of common stock, par value $0.10 0.01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 33.90 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 2 contracts

Samples: Stock Option Agreement (Alltel Corp), Stock Option Agreement (360 Communications Co)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 4,828,960 shares (as adjusted as set forth herein, the "Option Shares"," which shall include the Option Shares before and after any transfer of such Option Shares) of common stockstock of Issuer, $4.00 par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $30.50.

Appears in 2 contracts

Samples: Stock Option Agreement (United Carolina Bancshares Corp), Merger Agreement (Southern National Corp /Nc/)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 740,300 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 .01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $21.25.

Appears in 2 contracts

Samples: Stock Option Agreement (Bb&t Corp), Stock Option Agreement (Firstspartan Financial Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 43,832,749 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 .001 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 89.00 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 2 contracts

Samples: Stock Option Agreement (Ascend Communications Inc), Stock Option Agreement (Lucent Technologies Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% 7,319,000 (as adjusted as set forth herein) shares of the number of shares (the "Option Shares") of common stockClass A Common Stock, par value $0.10 0.01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 23 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 2 contracts

Samples: Option Agreement (At&t Corp), Option Agreement (Vanguard Cellular Systems Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 27,563,644 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 .10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 50.657 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 2 contracts

Samples: Stock Option Agreement (Unum Corp), Stock Option Agreement (Provident Companies Inc /De/)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 1,290,000 shares (as adjusted as set forth herein the "Option Shares") ," which shall include the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 .01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $30.50.

Appears in 2 contracts

Samples: Stock Option Agreement (Bb&t Corp), Stock Option Agreement (Maryland Federal Bancorp Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 21,140,482 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 1.00 per share share, of Issuer (the "Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option ) at a purchase price of $23.55 (as adjusted as set forth herein) 11.50 per Option Share (the "Purchase Price").

Appears in 2 contracts

Samples: Stock Option Agreement (Kerr McGee Corp), Stock Option Agreement (Oryx Energy Co)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 2,466,947 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 .01 per share share, of Issuer (the "Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option ) at a cash purchase price of $23.55 (as adjusted as set forth herein) per Option Share equal to $12.00 (the "Purchase Price").

Appears in 2 contracts

Samples: Stock Option Agreement (Pharmaceutical Marketing Services Inc), Stock Option Agreement (Quintiles Transnational Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer the Company hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 19,219,034 shares (as adjusted as set forth herein) (the "Option Shares") of common stock, par value $0.10 .50 per share (the "Issuer Common StockShares"), of Issuer issued and outstanding immediately prior to the grant Company (being 19.9% of the Option number of shares outstanding on February 17, 2000 before such issuance), at a purchase price of $23.55 per share equal to the Exercise Price (as adjusted as set forth herein) per Option Share (the "Purchase Price"defined below).

Appears in 2 contracts

Samples: Stock Option Agreement (Upm Kymmene Corp), Stock Option Agreement (Champion International Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 2,838,708 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 1.00 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $25.00.

Appears in 2 contracts

Samples: Stock Option Agreement (Bb&t Corp), Stock Option Agreement (First Liberty Financial Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 2,126,574 (as adjusted as set forth herein) shares (the "Option Shares") of common stock, par value $0.10 0.0001 per share share, of Issuer ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) 2.60 per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Printcafe Software Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, without par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) 29.42 per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Merger Agreement (Home Choice Holdings Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 43,090,773 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 1.00 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 64.82 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (CSX Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 600,000 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, no par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) 15.50 per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Rto Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 .01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) 13.24 per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Merger Agreement (Home Choice Holdings Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 68,800 shares (the "Option Shares") of common stock, par value $0.10 per share ("Issuer the Issuer's Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option Stock at a purchase price of $23.55 (as adjusted as set forth herein) 7.00 per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Independent Community Bankshares Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 1,650,000 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 5.00 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $28.00.

Appears in 1 contract

Samples: Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth ---------------- herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 7,500,000 (as adjusted as set forth herein) shares (the "Option Shares") of common stock, par value $0.10 .01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 21.23 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Skytel Communications Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 3,102,592 shares (as adjusted as set forth herein, the "Option Shares") of common stock, $.001 par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $117.00.

Appears in 1 contract

Samples: Stock Option Agreement (Intervu Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to that number of shares of Issuer's common stock, par value $.01 per share (the "Common Stock") which equals 19.9% of the number issued and outstanding shares of shares Common Stock of Issuer (the "Option Shares") of common stock, par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant exercise of the this Option at a purchase price per share (the "Option Price") equal to $0.72, payable in cash. The number of $23.55 (as adjusted Option Shares and the Option Price are subject to adjustment as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Syntellect Inc)

Grant of Option. Subject to the terms and conditions set forth ---------------- herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 11,407,457 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 0.001 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 53.91 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (International Network Services)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 6,889,293.63 (as adjusted as set forth herein) shares (the "Option Shares") of common stock, par value $0.10 per share ("Issuer Detective Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option Stock at a purchase price of $23.55 7.65 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Option Agreement (Data Broadcasting Corporation)

Grant of Option. Subject to the terms and --------------- conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 600,000 (as ------ adjusted as set forth herein) shares (the "Option Shares") of common stock------------- Common Stock, no par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at ------------------- a purchase price of $23.55 (as adjusted as set forth herein) 15.50 per Option Share (the "Purchase -------- Price").. -----

Appears in 1 contract

Samples: Merger Agreement (Alrenco Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 31,506,582 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 1.00 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 62.906 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Dean Witter Discover & Co)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 650,000 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 0.1 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $29.00.

Appears in 1 contract

Samples: Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 63,922,570 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 0.01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 38.125 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Morgan Stanley Group Inc /De/)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 27,420,757 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 .01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 34.83 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Cincinnati Bell Inc /Oh/)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 2,188,180 shares (as adjusted as set forth herein, the "Option Shares"," which shall include the Option Shares before and after any transfer of such Option Shares) of common stock, $1.00 par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $25.00.

Appears in 1 contract

Samples: Stock Option Agreement (CCB Financial Corp)

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Grant of Option. Subject to the terms and conditions set forth ---------------- herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 11,099,963 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 .01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) 61.00 per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Centocor Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase from the Issuer up to 19.9% of the number of 400,000 (subject to adjustment as set forth herein) shares (the "Option Shares") of common stock, par value $0.10 .03 per share of Issuer ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 1.00 (as adjusted subject to adjustment as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Science Applications International Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the a number of shares (the "Option Shares") of common stock, par value $0.10 0.01 per share ("Issuer Common Stock"), of Issuer as shall, after exercise and as adjusted as set forth herein, be equal to 19.9% of the issued and outstanding immediately prior to shares of Issuer Common Stock (the grant of the "Option Shares") at a purchase price of $23.55 per Option Share (as adjusted as set forth herein) per Option Share (, the "Purchase Price")) equal to $24.08.

Appears in 1 contract

Samples: Stock Option Agreement (Checkpoint Systems Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 322,275 shares (as adjusted as set forth herein) (the "Option Shares", which shall include the Option Shares before and after any transfer of such Option Shares) of common stockCommon Stock, $0.20 par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) per Option Share (the "Purchase Price")) of $8.64.

Appears in 1 contract

Samples: Merger Agreement (Mainstreet Bankgroup Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to that number of shares which equals 19.9% of the number of shares issued and outstanding Issuer Common Shares (the "Option Shares") of common stock, par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant exercise of the this Option at a purchase price per share (the "Option Price") equal to $16.50, payable in cash. The number of $23.55 (as adjusted Option Shares and the Option Price are subject to adjustment as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (U S Bioscience Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 2,370,000 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 1.00 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $15.00.

Appears in 1 contract

Samples: Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 2,462,391 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 .01 per share share, of Issuer (the "Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option ) at a purchase price of $23.55 (as adjusted as set forth herein) 14.50 per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Pharmaceutical Marketing Services Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 7,427,192 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 .01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 52.25 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Cincinnati Bell Inc /Oh/)

Grant of Option. Subject to the terms and conditions set forth --------------- herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to ------ purchase up to 19.9% of the number of 2,550,041 (as adjusted as set forth herein) shares (the "Option ------ Shares") of common stock, par value $0.10 .001 per share ("Issuer Common Stock"), of ------ ------------------- Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 177.125 (as adjusted as set forth herein) per Option Share (the "Purchase Price").. --------------

Appears in 1 contract

Samples: Stock Option Agreement (Ortel Corp/De/)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 2,092,757 (as adjusted as set forth herein) shares (the "Option Shares") of common stock, par value $0.10 .01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 10.50 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Mosaix Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 4,750,000 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, no par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price").) equal to $16.75

Appears in 1 contract

Samples: Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 260,000 shares (the "Option Shares") of common stock, par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) , the “Option Shares,” which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stock of Issuer, par value $.01 per share (“Issuer Common Stock”), at a purchase price per Option Share (subject to adjustment as set forth herein, the "Purchase Price")”) equal to $26.50.

Appears in 1 contract

Samples: Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 1,112,862 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 .50 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $19.00.

Appears in 1 contract

Samples: Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 201,898 shares (as adjusted as set forth herein, the "Option Shares", which shall include the Option Shares before and after any transfer of such Option Shares) of common stock, par value $0.10 1.67 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) per Option Share (the "Purchase Price")) equal to $26.00.

Appears in 1 contract

Samples: Stock Option Agreement (Central Bancorporation /Wa/)

Grant of Option. Subject to the terms and --------------- conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 11,943 (as ------ adjusted as set forth herein) shares (the "Option Shares") of common stock------------- Common Stock, no par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at ------------------- a purchase price of $23.55 (as adjusted as set forth herein) 1,400.00 per Option Share (the "Purchase -------- Price").. -----

Appears in 1 contract

Samples: Merger Agreement (Alrenco Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 890,000 shares (as adjusted as set forth herein, the "Option Shares"," which shall include the Option Shares before and after any transfer of such Option Shares) of common stock, $.01 par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $30.00.

Appears in 1 contract

Samples: Stock Option Agreement (Huntington Bancshares Inc/Md)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 276,430 shares (as adjusted as set forth herein) (the "Option Shares", which shall include the Option Shares before and after any transfer of such Option Shares) of common stockCommon Stock, $2.50 par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) per Option Share (the "Purchase Price")) of $10.00.

Appears in 1 contract

Samples: Merger Agreement (Mainstreet Bankgroup Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "OptionOPTION") to purchase up to 19.9% of the number of 1,219,986 (as adjusted as set forth herein) shares (the "Option SharesOPTION SHARES") of common stock, par value $0.10 per share ("Issuer Class A Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option Stock at a purchase price of $23.55 43.60 (as adjusted as set forth herein) per Option Share (the "Purchase PricePURCHASE PRICE").

Appears in 1 contract

Samples: Stock Option Agreement (Conopco Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the a number of shares (the "Option Shares") of common stock, par value $0.10 per share ("Issuer Common Stock"), of Issuer as shall, after exercise and as adjusted as set forth herein, be equal to 19.9% of the issued and outstanding immediately prior to shares of Issuer Common Stock) (the grant of the "Option Shares") at a purchase price of $23.55 per Option Share (as adjusted as set forth herein) per Option Share (, the "Purchase Price")) equal to $20.94.

Appears in 1 contract

Samples: Stock Option Agreement (Checkpoint Systems Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 15,955,477 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 1.00 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 92.50 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Green Stock Option Agreement (CSX Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 835,000 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 .50 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $26.00.

Appears in 1 contract

Samples: Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 4,089,234 shares (as adjusted as set forth herein) (the "Option Shares"," which shall include the Option Shares before and after any transfer of such Option Shares) of common stockCommon Stock, par value $0.10 1.00 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 (as adjusted as set forth herein) per Option Share (the "Purchase Price")) equal to $27.00.

Appears in 1 contract

Samples: Stock Option Agreement (Regions Financial Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 2,267,300 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 0.01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 49-13/16 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (United Meridian Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 560,483 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 1.00 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $27.50.

Appears in 1 contract

Samples: Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 1,060,000 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 .10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $19.50.

Appears in 1 contract

Samples: Stock Option Agreement (Floridafirst Bancorp Inc)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 2,111,815 (as adjusted as set forth herein) shares (the "Option Shares") of common stockCommon Stock, par value $0.10 .01 per share share, of Issuer (the "Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option ) at a purchase price of $23.55 (as adjusted as set forth herein) 15.75 per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (Walsh International Inc \De\)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 3,543,000 (as adjusted as set forth herein) shares (the "Option Shares") of common stock, par value $0.10 0.01 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 32-3/16 (as adjusted as set forth herein) per Option Share (the "Purchase Price").

Appears in 1 contract

Samples: Stock Option Agreement (United Meridian Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 1,006,868 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, par value $0.10 1.00 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $40.00.

Appears in 1 contract

Samples: Stock Option Agreement (Bb&t Corp)

Grant of Option. Subject to the terms and conditions set forth herein, Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase up to 19.9% of the number of 2,200,000 shares (as adjusted as set forth herein, the "Option Shares") ," which term shall refer to the Option Shares before and after any transfer of such Option Shares), of the common stockstock of Issuer, no par value $0.10 per share ("Issuer Common Stock"), of Issuer issued and outstanding immediately prior to the grant of the Option at a purchase price of $23.55 per Option Share (as adjusted subject to adjustment as set forth herein) per Option Share (, the "Purchase Price")) equal to $25.75.

Appears in 1 contract

Samples: Stock Option Agreement (Bb&t Corp)

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