Common use of Grant of Option Clause in Contracts

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to the terms and conditions set forth in this Agreement.

Appears in 3 contracts

Samples: Stock Option Agreement (Double Eagle Petroleum Co), Stock Option Agreement (Double Eagle Petroleum Co), Stock Option Agreement (Double Eagle Petroleum Co)

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Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase from the Company all or any part of an aggregate amount of 5,000 shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant ). The Option is intended to be an “incentive stock option” as defined in Section 422 of the Internal Revenue Code and is subject to the terms and conditions set forth $100,000 limitation described in this AgreementSection 4(b) of the Plan.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Angeion Corp/Mn), Incentive Stock Option Agreement (Angeion Corp/Mn), Incentive Stock Option Agreement (Angeion Corp/Mn)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 250,000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to Common Stock on the terms and conditions set forth in this Agreementherein ("Option"). The Option is a non-qualified stock option not intended to qualify under any section of the Internal Revenue Code of 1986, as amended, and is not granted under any plan.

Appears in 3 contracts

Samples: Stock Option Agreement (Parkervision Inc), Stock Option Agreement (Parkervision Inc), Stock Option Agreement (Parkervision Inc)

Grant of Option. The Company hereby grants confirms the grant to the Optionee of the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 shares of the authorized Common Stock. The Option is in all respects limited and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant conditioned, as hereinafter provided, and is subject in all respects to the terms and conditions set forth of the Plan now in this Agreementeffect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference and are made a part hereof.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Urban Outfitters Inc), Non Qualified Stock Option Agreement (Urban Outfitters Inc), Non Qualified Stock Option Agreement (Urban Outfitters Inc)

Grant of Option. The Company hereby grants to the Optionee Participant the right and option (the “Option”) to purchase all or any part of an the aggregate number of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company Common Stock set forth above (the “Option Shares”) pursuant to on the terms and conditions set forth in the Plan and this Agreement. This Agreement is not intended to be an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 3 contracts

Samples: Non Incentive Stock Option Agreement (Nuvera Communications, Inc.), Non Incentive Stock Option Agreement (Nuvera Communications, Inc.), Non Incentive Stock Option Agreement (Nuvera Communications, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the “Option”) to purchase from the Company all or any part of an aggregate amount of 5,000 shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant to on the terms and conditions herein set forth in this Agreementforth. This grant does not qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Arctic Cat Inc), Stock Option Agreement (Arctic Cat Inc), Director Non Qualified Stock Option Agreement (Arctic Cat Inc)

Grant of Option. The Company hereby grants to the Optionee Recipient the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 ______________ (_______) shares of the authorized and unissued $.10 par value common stock of the Company Common Stock (the “Option Shares”) pursuant to ), on the terms and conditions set forth in the Plan, subject to the requirements set forth in this Agreement, to the extent not inconsistent with the Plan (the “Option”). The Option is a Non-Qualified Stock Option and is not intended to qualify as an “incentive stock option” as that term is used in Section 422 of the Code.

Appears in 2 contracts

Samples: Stock Option Award Agreement (Covanta Holding Corp), Stock Option Award Agreement (Covanta Holding Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part (but not as to a fractional share) of an the aggregate number of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company Common Stock set forth above (the “Option Shares”) pursuant (such number being subject to adjustment as provided in Section 9 hereof) on the terms and subject to the conditions set forth in this Agreement. This Option is intended to be an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Bridgewater Bancshares Inc), Incentive Stock Option Agreement (Bridgewater Bancshares Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 500,000 shares of Common Stock. The Option is in all respects limited and conditioned as hereinafter provided. It is intended that the authorized Option granted hereunder be a nonqualified stock option (“NQSO”) and unissued $.10 par value common not an incentive stock option (“ISO”) as such term is defined in section 422 of the Company Internal Revenue Code of 1986, as amended (the “Option SharesCode) pursuant to the terms and conditions set forth in this Agreement).

Appears in 2 contracts

Samples: Employment Agreement (Sontra Medical Corp), Employment Agreement (Sontra Medical Corp)

Grant of Option. The Company company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to Common Stock, on the terms and conditions set forth herein and in this Agreementthe Plan. The Option is not intended to be an “incentive stock option” within the meaning of the Section 422 of the Code.

Appears in 2 contracts

Samples: Stock Option Agreement (Lufkin Industries Inc), Stock Option Agreement (Lufkin Industries Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part or all of an aggregate of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to its Class A Common Stock upon the terms and conditions set forth in this AgreementAgreement and the Plan. Such Option shall not be an “Incentive Stock Option” within the meaning of Section 422 of the Code.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Nextera Enterprises Inc), Non Qualified Stock Option Agreement (Nextera Enterprises Inc)

Grant of Option. The Pursuant to and subject to the terms and conditions contained in this Agreement, the Company hereby grants to the Optionee the right and option (the "Option") to purchase from the Company all or any part number of an aggregate of 5,000 TWENTY-FIVE THOUSAND (25,000) shares of Common Stock (the "Option Stock") which may be authorized and but unissued $.10 par value common stock of shares or shares acquired by the Company (on the “Option Shares”) pursuant to the terms and conditions set forth open market or in this Agreementprivate transactions.

Appears in 2 contracts

Samples: Stock Option Agreement (Fountain Powerboat Industries Inc), Stock Option Agreement (Fountain Powerboat Industries Inc)

Grant of Option. The Pursuant to the Plan, the Company hereby grants to the Optionee Employee the right option to purchase shares of the Company’s common stock, no par value, on the terms and option conditions herein set forth (the “Option”) to purchase all or any part of an aggregate of 5,000 shares ). All of the authorized shares covered by this Option shall be considered and unissued $.10 par value common hereby are designated as incentive stock options (“ISOs”) qualifying under the provisions of Section 422 of the Company (the “Option Shares”) pursuant Internal Revenue Code of 1986, as amended, to the terms and conditions set forth in this Agreementmaximum extent permitted under Section 422.

Appears in 2 contracts

Samples: Stock Option Agreement (Macatawa Bank Corp), Stock Option Agreement (Macatawa Bank Corp)

Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 100,000 shares of the authorized and unissued $.10 par value common stock of the Company Common Stock (the “Option "Shares") pursuant to on the terms and conditions and subject to all the limitations set forth in this Agreementherein.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Vincera, Inc.), Non Qualified Stock Option Agreement (Vincera, Inc.)

Grant of Option. The Subject to the terms and conditions of the Plan and this Option, Company hereby grants to the Optionee Grantee the right and option (the "Option") to purchase all or any part of an the aggregate number of 5,000 shares (the "Option Shares") of the authorized and unissued $.10 par value common stock of Company, par value $.0001 per share ("Common Stock") specified on the Company Certificate at the xxxxx xxxxx listed in the Certificate (the "Option Shares”) pursuant Price"). The Option is not intended to the terms and conditions set forth constitute an "incentive stock option" as that term is used in this AgreementCode section 422.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Noven Pharmaceuticals Inc), Non Qualified Stock Option Agreement (Noven Pharmaceuticals Inc)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option to purchase all or part of an aggregate of ( ) shares of Common Stock (the “Shares”), subject to the requirements set forth in this Agreement, to the extent not inconsistent with the Plan (the “Option”) ). The Option is a Non-Qualified Stock Option and is not intended to purchase all or any part of qualify as an aggregate of 5,000 shares “incentive stock option” as that term is used in Section 422 of the authorized and unissued $.10 par value common stock Internal Revenue Code of the Company 1986, as amended (the “Option SharesCode) pursuant to the terms and conditions set forth in this Agreement).

Appears in 2 contracts

Samples: Non Qualified Stock Option Award Agreement (KeyStone Solutions, Inc.), Non Qualified Stock Option Award Agreement (Real Industry, Inc.)

Grant of Option. The Company hereby irrevocably grants to Employee the Optionee the right and option (the “Option”) Option to purchase all or any part of an aggregate of 5,000 175,000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to Common Stock, on the terms and conditions set forth herein and in the Plan, which Plan is incorporated herein by reference as a part of this Agreement. This Option shall not be treated as an incentive stock option within the meaning of section 422(b) of the Code.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Xpedior Inc), Nonstatutory Stock Option Agreement (Xpedior Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 shares 50,000 Common Shares. The Option is in all respects limited and conditioned as hereinafter provided. This Option is being issued outside of the authorized and unissued $.10 par value common a shareholder approved stock of the Company (the “Option Shares”) or option plan pursuant to the terms Nasdaq “inducement grant” exception (Nasdaq Listing Rule 5635(c)(4)) and conditions set forth in this Agreementis intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Appears in 2 contracts

Samples: Stock Option Agreement (NextPlat Corp), Stock Option Agreement (NextPlat Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an the aggregate number of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company Common Stock set forth above (the "Option Shares") pursuant (such number being subject to adjustment as provided in paragraph 8 hereof) on the terms and subject to the conditions set forth in this Agreement. This option is intended to be an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Golf Galaxy, Inc.), Incentive Stock Option Agreement (Golf Galaxy, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant Subject to the terms and conditions set forth in of the Plan and this AgreementOption, the Company grants to you the option to purchase from the Company the above-stated number of shares of the Company’s Common Stock (“Shares”) at the Option Price per Share stated above. This Option is not intended to qualify as an incentive stock option within the meaning of section 422 of the Code.

Appears in 1 contract

Samples: Stock Option Agreement (Flir Systems Inc)

Grant of Option. 2.1 The Company hereby grants to the Optionee the right and option (the “Option”) Option to purchase all or any part of an aggregate of 5,000 shares of the authorized 71,250 Shares subject to, and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to in accordance with, the terms and conditions set forth in this Agreement. 2.2 The Option is not intended to qualify as an Incentive Stock Option within the meaning of Section 422 of the Code. 2.3 This grant of the Option shall be construed in accordance with, and subject to, the provisions of this Agreement.

Appears in 1 contract

Samples: Non Qualified Stock Option Grant (Panamsat Corp /New/)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the "Option") to purchase all or any part of an aggregate of 5,000 up to shares of the authorized and unissued $.10 par value common stock of the Company (the “Option "Shares") pursuant of Common Stock, such Shares being subject to adjustment as provided in Paragraph 7 hereof, on the terms and conditions herein set forth in forth. The Option is intended to constitute an Incentive Stock Option, and subject to the terms of the Plan and applicable law, this AgreementAgreement shall be construed so that the Option shall qualify as an Incentive Stock Option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Primal Solutions Inc)

Grant of Option. The Company hereby grants to Guilfoile the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company Common Stock (the “Option "Shares") pursuant to on the terms and conditions herein set forth in this Agreementforth.

Appears in 1 contract

Samples: Stock Option Agreement (Valley National Bancorp)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the “Option”) to purchase from the Company all or any part of an aggregate amount of 5,000 shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant to on the terms and conditions herein set forth forth. It is intended that the Option shall constitute an incentive stock option, as defined in this AgreementSection 422A of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Arctic Cat Inc)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 _____ shares of the authorized and unissued $.10 par value common stock of the Company Common Stock (the Option Shares”) pursuant to on the terms and conditions herein set forth in this Agreementforth. The Option is a “Nonqualified” Option and is not intended to be an incentive option within the meaning of Section 422 of the Code. 3.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Valley National Bancorp)

Grant of Option. The Company hereby grants to the Optionee the right and an option (the “Option”) to purchase all or any part of an aggregate of 5,000 «Shares» shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to Common Stock on the terms and conditions hereinafter set forth in this Agreementforth. The Option is hereby designated as an “Incentive Stock Option” (“ISO”) within the meaning of Section 422(b) of the Internal Revenue Code (“code”), to the extent permitted under that section.

Appears in 1 contract

Samples: Stock Option Agreement (Click Commerce Inc)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 ____ shares of the authorized and unissued $.10 par value common stock of the Company Common Stock (the Option Shares”) pursuant to on the terms and conditions herein set forth in this Agreementforth. To the extent possible, the Option is intended to be an incentive option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Peapack Gladstone Financial Corp)

Grant of Option. 1.1 The Company hereby grants to the Optionee the right and option (the “Option”the"Option") to purchase all or any part of an aggregate of 5,000 shares of the authorized 10,000 Shares, subject to, and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to in accordance with, the terms and conditions set forth in this Agreement. 1.2 The Option is not intended to qualify as an Incentive Stock Option within the meaning of Section 422 of the Code.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Instinet Group Inc)

Grant of Option. The Company hereby grants to the Optionee the right and Participant an option (the “Option”) to purchase all or any part of an aggregate of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Optioned Shares”) pursuant to of the Company’s Common Stock, on the terms and conditions set forth in this Agreementherein. The Option is not, and is not intended to meet the requirements for, an incentive stock option within the meaning of Section 422 of the Code.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Getty Images Inc)

Grant of Option. The Company hereby grants to the Optionee the right and an option --------------- (the “"Option") to purchase all or any part portion of an aggregate a total of 5,000 ( ) shares ("Shares") of the authorized and unissued $.10 par value common stock Common Stock of the Company at a purchase price of (the “Option Shares”$ ) pursuant per share ("Exercise Price"), subject to the terms and conditions set forth herein and the provisions of the Plan. This Option is not intended to qualify as an "incentive stock option" as defined in this AgreementSection 422 of the Internal Revenue Code of 1986, as amended ("Code").

Appears in 1 contract

Samples: Option Agreement (Powerwave Technologies Inc)

Grant of Option. The Company hereby grants to the Optionee the right and an option to purchase Common Shares (the “Option”). The Option is intended to qualify as an incentive stock option (an “ISO”) to purchase all or any part of an aggregate of 5,000 shares under Section 422 of the authorized and unissued $.10 par value common stock Internal Revenue Code of the Company 1986, as amended (the “Option SharesCode) pursuant to the terms and conditions set forth in this Agreement).

Appears in 1 contract

Samples: Stock Option Award Agreement (First Defiance Financial Corp)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 ________ shares of the authorized and unissued $.10 par value common stock of the Company Common Stock (the Option Shares”) pursuant to on the terms and conditions herein set forth forth. To the extent possible, the Option is intended to be an incentive option within the meaning of Section 422 of the Code. Purchase Price. The purchase price of the shares of Common Stock subject to the Option shall be $______ per share, subject to adjustment as provided in this AgreementSection 10 below.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Hudson United Bancorp)

Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of 5,000 shares 1,000,000 Common Shares of the authorized and unissued $.10 par value common stock beneficial interest of the Company (the "Option Shares”) pursuant to "), subject to, and in accordance with, the terms and conditions set forth in this Agreement. The Option is not intended to qualify as an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Non Qualified Share Option Agreement (Charter Municipal Mortgage Acceptance Co)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company Common Stock (the Option Shares”) pursuant to on the terms and conditions herein set forth in this Agreementforth. To the extent possible, the Option is intended to be an incentive option within the meaning of Section 422 of the Code.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Valley National Bancorp)

Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of 5,000 shares of the authorized 400,000 Common Shares. The Option is in all respects limited and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to the terms and conditions set forth in this Agreementconditioned as hereinafter provided.

Appears in 1 contract

Samples: Stock Option Agreement (NextPlat Corp)

Grant of Option. The Company hereby grants to the Optionee the right and Participant an option (the “Option”) to purchase all or any part of an aggregate of 5,000 [number of shares] shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Optioned Shares”) pursuant to of the Company’s Common Stock, on the terms and conditions set forth in this Agreementherein. The Option is not, and is not intended to meet the requirements for, an incentive stock option within the meaning of Section 422 of the Code.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Getty Images Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 250,000 shares of Common Stock. The Option is in all respects limited and conditioned as hereinafter provided. It is intended that the authorized Option granted hereunder be a nonqualified stock option (“NQSO”) and unissued $.10 par value common not an incentive stock option (“ISO”) as such term is defined in section 422 of the Company Internal Revenue Code of 1986, as amended (the “Option SharesCode) pursuant to the terms and conditions set forth in this Agreement).

Appears in 1 contract

Samples: Employment Agreement (Sontra Medical Corp)

Grant of Option. 1.1 The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of 5,000 shares of the authorized 125,000 whole Shares subject to, and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to in accordance with, the terms and conditions set forth in this Agreement. 1.2 The Option is not intended to qualify as an Incentive Stock Option within the meaning of Section 422A of the Internal Revenue Code of 1990 (the "Code"), and shall be so construed.

Appears in 1 contract

Samples: Stock Option Agreement (Robbins Charles H)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the “Option”) to purchase from the Company all or any part of an aggregate amount of 5,000 ____________ shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant to on the terms and conditions herein set forth forth. It is intended that the Option shall constitute an incentive stock option as defined in this AgreementSection 422A of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Transport Corporation of America Inc)

Grant of Option. The Company hereby grants to Optionee, in the Optionee manner and subject to the right conditions hereinafter provided, the right, privilege and option to purchase (the "Option") to purchase all or any part of an aggregate of 5,000 Twenty-five Thousand (25,000) shares of the authorized and unissued $.10 par value common stock of the Company Company's Common Stock, (the "Shares"). This Option Shares”) pursuant to is specifically conditioned on compliance with the terms and conditions set forth herein and in this Agreementthe Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Western Sierra Bancorp)

Grant of Option. The Company hereby grants to the Optionee the right and an option (the "Option") to purchase all or any part of an aggregate of 5,000 25,000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to Common Stock on the terms and conditions hereinafter set forth in this Agreementforth. The Option is hereby designated as an "Incentive Stock Option" ("ISO") within the meaning of Section 422(b) of the Internal Revenue Code ("code"), to the extent permitted under that section.

Appears in 1 contract

Samples: Employment Agreement (Click Commerce Inc)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the "Option") to purchase all or any part of an aggregate of 5,000 the number of shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to the terms and conditions Common Stock as set forth in this Agreementthe attached Notice of Grant, subject to adjustment in accordance with Section 8 of the Plan. It is intended that the Option granted hereunder be an incentive stock option ("ISO") meeting the requirements of the Plan and section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Integra Lifesciences Holdings Corp)

Grant of Option. The In consideration of service to the Company hereby and for other good and valuable consideration, the Company grants to the Optionee the right and an option (the “Option”) to purchase all or any part of an aggregate of 5,000 155,844 shares of the authorized and unissued $.10 par value Company's common stock of the Company (the “Option Shares”) pursuant to in accordance with the terms and conditions set forth of the Plan. The option is intended by the parties to be, and shall be treated as, an incentive stock option to the extent allowed under applicable law. The Optionee's rights with respect to the option shall be governed by the terms contained herein and in this Agreementthe absence of such definition the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Net2000 Communications Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an the aggregate number of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company Common Stock set forth above (the “Option Shares”) pursuant to on the terms and conditions set forth in the Plan and this Agreement. This option is not intended to be an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Non Incentive Stock Option Agreement (Rimage Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an the aggregate number of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company Common Stock set forth above (the “Option Shares”) pursuant (such number being subject to adjustment as provided in paragraph 8 hereof) on the terms and conditions set forth in this Agreement. This option is intended to be an “incentive stock option” within the meaning of section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Rimage Corp)

Grant of Option. 1.1 The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of 5,000 shares of the authorized 270,000 whole Shares subject to, and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to in accordance with, the terms and conditions set forth in this Agreement. 1.2 The Option is not intended to qualify as an Incentive Stock Option within the meaning of Section 422A of the Internal Revenue Code of 1990 (the "Code"), and shall be so construed.

Appears in 1 contract

Samples: Stock Option Agreement (Robbins Charles H)

Grant of Option. The Subject to all of the terms, restrictions and conditions of this Agreement and the Plan, the Company hereby grants to the Optionee the right and Participant an option (the “Option”) to purchase all or any part the total number of an aggregate of 5,000 shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant to at the terms and conditions Option Price per share set forth in on Exhibit A attached to this Agreement, which is incorporated into and made a part of this Agreement. The Option is not intended to qualify as an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Panda Ethanol, Inc.)

Grant of Option. 2.1 The Company hereby grants to the Optionee the right and option (the “Option”) an Option to purchase all or any part of an aggregate of 5,000 ___ shares of the authorized and unissued $.10 par value common stock of the Company (“Share(s)”), at a purchase price of $ per Share. 2.2 The Option granted hereby is intended to be a nonstatutory stock option that is not an incentive stock option as defined in Section 422 of the “Option Shares”) pursuant to the terms and conditions set forth in this AgreementInternal Revenue Code.

Appears in 1 contract

Samples: Non Employee Directors’ Stock Option Plan Agreement (Synergetics Usa Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 800,000 common shares of the authorized and unissued $.10 par value common stock beneficial interest of the Company (the “Option Shares”) pursuant to ), subject to, and in accordance with, the terms and conditions set forth in this Agreement. The Option is not intended to qualify as an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Non Qualified Share Option Agreement (Centerline Holding Co)

Grant of Option. (a) The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part portion of an aggregate of 5,000 shares (“Shares”) of the authorized and unissued $.10 par value common stock of the Company (the “Common Stock”) at a purchase price of $ per share (“Option SharesPrice). (b) pursuant to the terms and conditions set forth in It is intended that this AgreementOption will not qualify for treatment as an incentive stock option under Internal Revenue Code Section 422.

Appears in 1 contract

Samples: Stock Option Agreement (Tetra Tech Inc)

Grant of Option. The Company hereby grants to the Optionee the right and an option (the “Option”) to purchase all or any part portion of an aggregate a total of 5,000 ( ) shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant at a purchase price of Cents ($0. ) per share (the “Exercise Price”), subject to the terms and conditions set forth in this Agreementherein and the provisions of the Plan. This Option is intended to constitute an “incentive stock option” within the meaning of the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (TherOx, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an the aggregate number of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Shares”) set forth above (the “Option Shares”) pursuant to ), at the Option Price per Share set forth above, on the terms and conditions set forth in this Agreement. The Option is not intended to be an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 1 contract

Samples: Stock Option Agreement (Qumu Corp)

Grant of Option. The Pursuant to the Plan, the Company hereby grants to the Optionee as of the right and date hereof the option (the “Option”) to purchase all or any part of an aggregate of 5,000 30,698 shares (1) of the authorized and unissued $.10 par value common stock of the Company Stock (the “Option”), subject to adjustment in accordance with Section 3(d) of the Plan. The Option Shares”) pursuant is not intended to qualify as an incentive stock option under the terms and conditions set forth in this AgreementInternal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Long Term Stock Incentive Plan Award Agreement (Semtech Corp)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (hereinafter called the “Option”) to purchase all or any part of an aggregate of 5,000 shares of the authorized and unissued $.10 par value Company’s common stock of at the Company (the “Option Shares”) pursuant to option price $ per share on the terms and conditions set forth in this Agreementagreement and in the Plan. The Option is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). A copy of the Plan will be furnished upon request of Employee.

Appears in 1 contract

Samples: Employee Non Incentive Stock Option Agreement (Transoma Medical Inc)

Grant of Option. The Company hereby grants to the Optionee the right and an option (the "Option") to purchase all or any part of an aggregate of 5,000 200,000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to Common Stock on the terms and conditions hereinafter set forth in this Agreementforth. The Option is hereby designated as an "Incentive Stock Option" ("ISO") within the meaning of Section 422(b) of the Internal Revenue Code ("code"), to the extent permitted under that section.

Appears in 1 contract

Samples: Employment Agreement (Click Commerce Inc)

Grant of Option. The Subject to the terms and conditions of this Agreement, the Company hereby grants to the Optionee the right and option (the “Option”) to purchase from the Company all or any part of an aggregate of 5,000 67,000 shares of Common Stock. This option is intended to constitute an incentive stock option within the authorized and unissued $.10 par value common stock meaning of Section 422A of the Company Internal Revenue Code of 1986, as amended (the “Option Shares”) pursuant to the terms and conditions set forth in this Agreement"Code").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Hanger Orthopedic Group Inc)

Grant of Option. The Company hereby grants to the Optionee the right and an option (the “Option”) to purchase all or any part of an aggregate of 5,000 [3,000/other] shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to Common Stock on the terms and conditions set forth in this Agreementherein. The Option is not an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986.

Appears in 1 contract

Samples: Stock Option Agreement (Yardville National Bancorp)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 30,000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant of Common Stock, such Shares being subject to adjustment as provided in Paragraph 8 hereof, on the terms and conditions herein set forth in this Agreementforth.

Appears in 1 contract

Samples: Employee Nonqualified Stock Option Agreement (Tandy Brands Accessories Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an the aggregate number of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company Common Stock set forth above (the “Option Shares”) pursuant to on the terms and conditions set forth in the Option Plan and this Agreement. This option is not intended to be an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Non Incentive Stock Option Agreement (Rimage Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of 5,000 shares of the authorized Common Stock (such number being subject to adjustment as provided in Section 7 hereof and unissued $.10 par value common stock of hereinafter called the Company (the “"Option Shares") pursuant to on the terms and conditions herein set forth in this Agreementforth. The Option is intended to qualify as an "incentive stock option" within the meaning of Section 422 of the Code.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Venturi Technologies Inc)

Grant of Option. 1.1 The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of 5,000 25,000 whole shares of the authorized and unissued Company's Common Stock, $.10 ____ par value common stock of the Company per share (the “Option "Shares") pursuant to subject to, and in accordance with, the terms and conditions set forth in this Agreement. 1.2 The Option is not intended to qualify as an Incentive Stock Option within the meaning of Section 422 of the Code.

Appears in 1 contract

Samples: Employment Agreement (United Americas Bankshares Inc)

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Grant of Option. The Company hereby grants to the Optionee the right and an option (the “Option”) to purchase all or any part portion of an aggregate a total of 5,000 [__________] shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant at a purchase price of $[___] per share (the “Exercise Price”), subject to the terms and conditions set forth herein and the provisions of the Plan. This Option is not intended to qualify as an “incentive stock option” as defined in this AgreementSection 422 of the Code but shall constitute a nonqualified stock option.

Appears in 1 contract

Samples: Stock Option Agreement (NuZee, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the “Option”) to purchase from the Company all or any part of an aggregate amount of 5,000 shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant to on the terms and conditions herein set forth forth. It is intended that the Option shall constitute an incentive stock option, as defined in this AgreementSection 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Arctic Cat Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the “Option”) to purchase from the Company all or any part of an aggregate amount of 5,000 11,000 shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant to on the terms and conditions herein set forth in this Agreementforth. This grant does not qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Director Non Qualified Stock Option Agreement (Arctic Cat Inc)

Grant of Option. The Company hereby irrevocably grants to the Optionee you the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 ________ shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to of the Company’s common stock (“Common Stock”), on the terms and conditions set forth in this AgreementAgreement (the “Option”). This Option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Jacksonville Bancorp Inc /Fl/)

Grant of Option. The Company hereby grants to Optionee, in the Optionee manner and subject to the right conditions hereinafter provided, the right, privilege and option to purchase (the "Option") to purchase all or any part of an aggregate of 5,000 one hundred and twenty five thousand (125,000) shares of the authorized and unissued $.10 Company's Common Stock, no par value common stock of the Company value, (the "Shares"). This Option Shares”) pursuant to is specifically conditioned on compliance with the terms and conditions set forth in this Agreementherein.

Appears in 1 contract

Samples: Stock Option Agreement (Dragon Pharmaceuticals Inc)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the "Option") to purchase all or any part of an aggregate of 5,000 70,005 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option "Shares") pursuant of Common Stock, such Shares being subject to adjustment as provided in Paragraph 7 hereof, on the terms and conditions herein set forth in forth. The Option is intended to constitute an incentive stock option pursuant to Section 422 of the Code, and subject to the terms of the Plan and applicable law, this AgreementAgreement shall be construed so that the Option shall qualify as an incentive stock option.

Appears in 1 contract

Samples: Employment Agreement (Bestway Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the “Option”) to purchase from the Company all or any part of an aggregate amount of 5,000 128,501 shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant to on the terms and conditions herein set forth in this Agreementforth. This Option is granted independent of the Company’s 1995 Stock Plan as an inducement essential to Xx. Xxxxxx’x entering into an employment contract with the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Transport Corporation of America Inc)

Grant of Option. The Company hereby grants to the Optionee the right and Employee an incentive stock option (the "Option") to purchase all or any part of an aggregate of 5,000 __________ shares of the authorized and unissued $.10 par value common stock of the Company Common Stock (the “Option "Shares") pursuant to on the terms and conditions hereinafter set forth in this Agreementforth. This option is intended to be treated as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (First Alert Inc)

Grant of Option. The Company hereby irrevocably grants to the Optionee Employee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 the shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to Common Stock, on the terms and conditions set forth herein, in this the Agreement, and in the Plan. This Option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”) and will be interpreted accordingly.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Watson Wyatt Worldwide, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 30,000 shares of the authorized and unissued $.10 par value common stock of the Company (the "Option") which Option Shares”) pursuant to the terms is intended as an "incentive stock option." The Option is in all respects limited and conditions set forth in this Agreementconditioned as hereinafter provided.

Appears in 1 contract

Samples: Stock Option Agreement (Derma Sciences Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of 5,000 _________ shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant to on the terms and conditions herein set forth forth. The Option is intended to be an "incentive stock option" as that term is defined in this AgreementSection 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Bionebraska Inc)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege, and option (the "Option") to purchase all or any part of an aggregate of 5,000 shares the Option Shares of the authorized and unissued $.10 par value common stock of the Company Company's Common Stock (the “Option Shares”) pursuant "Common Stock"), according to the terms and subject to the conditions hereinafter set forth and as set forth in the Plan. Subject to Section 10 of this Agreement, the Option is intended to be an "incentive stock option," as that term is used in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Broadcom Corp)

Grant of Option. The Company hereby grants to the Optionee the right and an option (the “Option”) to purchase all or any part portion of an aggregate a total of 5,000 ( ) shares (the “Shares”) of the authorized and unissued $.10 par value common stock Common Stock of the Company at a purchase price of Cents ($0. ) per share (the “Option SharesExercise Price) pursuant ), subject to the terms and conditions set forth in this Agreementherein and the provisions of the Plan. This Option is intended to constitute a “nonqualified stock option” within the meaning of the Plan.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (TherOx, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 shares of the authorized 20,000 Common Shares. The Option is in all respects limited and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to the terms and conditions set forth in this Agreementconditioned as hereinafter provided.

Appears in 1 contract

Samples: Stock Option Agreement (NextPlat Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 ___shares of Common Stock. The Option is in all respects limited and conditioned as hereinafter provided. It is intended that the authorized Option granted hereunder be a nonqualified stock option (“NQSO”) and unissued $.10 par value common not an incentive stock option (“ISO”) as such term is defined in section 422 of the Company Internal Revenue Code of 1986, as amended (the “Option SharesCode) pursuant to the terms and conditions set forth in this Agreement).

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Echo Therapeutics, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant Subject to the terms and conditions set forth in of the Plan and this AgreementOption, the Company grants to you the option to purchase from the Company the above-stated number of shares of the Company's Common Stock (“Shares”) at the Option Price per Share stated above. This Option is not intended to qualify as an incentive stock option within the meaning of section 422 of the Code.

Appears in 1 contract

Samples: Stock Option Agreement (Flir Systems Inc)

Grant of Option. The Company hereby grants as of the Grant Date to the Optionee the right and option (the “Option”) to purchase from the Company all or any part of an aggregate amount of 5,000 ___shares (the “Shares”) of the authorized and unissued $.10 par value common stock Stock of the Company (the “Option Shares”) pursuant to on the terms and conditions herein set forth forth. The Option is intended to be an “incentive stock option,” as such term is defined in this AgreementSection 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Compellent Technologies Inc)

Grant of Option. The Company hereby grants to the Optionee the right and Participant an option (the “Option”) to purchase all or any part of an aggregate of 5,000 000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Optioned Shares”) pursuant to of the Company’s Common Stock, on the terms and conditions set forth in this Agreementherein. The Option is not, and is not intended to meet the requirements for, an incentive stock option within the meaning of Section 422 of the Code.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Getty Images Inc)

Grant of Option. The Company hereby grants to the Optionee Optionee, as of the right day and year first written above, the right, option and privilege (the "Option") to purchase all or any part of an aggregate of 5,000 shares of the authorized and unissued $.10 par value common stock of from the Company up to 90,000 shares (the "Option Shares") pursuant to of Common Stock. The Option may be exercised only in accordance with the terms and conditions set forth in of this Agreement.

Appears in 1 contract

Samples: Option Agreement (Morgan Products LTD)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 shares of the authorized thirty million (30,000,000) Common Shares. The Option is in all respects limited and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to the terms and conditions set forth in this Agreementconditioned as hereinafter provided.

Appears in 1 contract

Samples: Stock Option Agreement (Silver Horn Mining Ltd.)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the “Option”) to purchase under the terms of this Agreement all or any part of an aggregate of 5,000 75,000 shares of the authorized and unissued $.10 par value Company's common stock ("Stock"). These options are intended to be "incentive stock options" within the meaning of Section 422A of the Company (the “Option Shares”) pursuant Internal Revenue Code to the terms maximum extent permitted by the Code. Employee is advised to consult his or her personal advisor concerning the federal and conditions set forth in state income tax consequences of this Agreementoption.

Appears in 1 contract

Samples: Stock Option Agreement (Cytec Industries Inc/De/)

Grant of Option. The Company hereby grants to the Optionee the right and Participant an option (the “Option”) to purchase all or any part of an aggregate of 5,000 <number> shares of the authorized and unissued $.10 par value common stock of the Company (the “Option Optioned Shares”) pursuant to of the Company’s Common Stock, on the terms and conditions set forth in this Agreementherein. The Option is not, and is not intended to meet the requirements for, an incentive stock option within the meaning of Section 422 of the Code.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Getty Images Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the “Option”) to purchase from the Company all or any part of an aggregate amount of 5,000 shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant to on the terms and conditions herein set forth forth. It is intended that the Option shall constitute an incentive stock option, as defined in this AgreementSection 422A of the Internal Revenue Code of 1986, as amended (an “ISO”).

Appears in 1 contract

Samples: Executive Officer Incentive Stock Option Agreement (Arctic Cat Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) Option to purchase all or any part of an aggregate of 5,000 375,000 shares of the authorized and unissued $.10 par value common stock Common Stock (each an “Option Share”) of the Company (the “Option Shares”) pursuant to on the terms and conditions set forth in this Agreement.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Newpark Resources Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 20,000 shares of the authorized and unissued $.10 par value common stock of the Company (the "Option") which Option Shares”) pursuant to the terms is intended as a "nonqualified stock option." The Option is in all respects limited and conditions set forth in this Agreementconditioned as hereinafter provided.

Appears in 1 contract

Samples: Stock Option Agreement (Derma Sciences Inc)

Grant of Option. The Subject to the terms of this Agreement, the Company hereby grants to the Optionee the right and option (the “Option”) to purchase from the Company all or any part of an aggregate of 5,000 1,000,000 shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (“Option”). The Option granted under this Agreement is not intended to be an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended (the “Option SharesCode) pursuant to the terms and conditions set forth in this Agreement).

Appears in 1 contract

Samples: Stock Option Agreement (Cryoport, Inc.)

Grant of Option. The Company hereby grants to the Optionee Optionee, upon and subject to the right terms and conditions of the Plan, an option (the “Option”) to purchase all or any part a total of an aggregate of 5,000 [ ] shares of the authorized and unissued $.10 par value common Class A Common stock of the Company (the “Option Shares”) pursuant at an exercise price of $ per share (the “Option”). The Option is intended to be a non-qualified stock option –- that is, it is not an incentive stock option described in section 422 of the terms Internal Revenue Code (the “Code”) and conditions set forth in this AgreementOption Agreement shall be construed to implement that intent.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (WC Acquisition Holdings Corp.)

Grant of Option. The Subject to the terms of this Agreement, the Company hereby grants to the Optionee the right and option (the “Option”) to purchase from the Company all or any part of an aggregate of 5,000 3,150,000 shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (“Option”). The Option granted under this Agreement is not intended to be an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended (the “Option SharesCode) pursuant to the terms and conditions set forth in this Agreement).

Appears in 1 contract

Samples: Stock Option Agreement (Cryoport, Inc.)

Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option Employee an Incentive Stock Option (the “Option”) to purchase all or any part of an aggregate of 5,000 shares of the authorized and unissued $.10 par value common stock of the Company ( ) Shares (the “Option Shares”) pursuant to on the terms and conditions hereinafter set forth forth. The Option is intended to be an “incentive stock option” as that term is used in this AgreementSection 422 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Entellus Medical Inc)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 _______ shares of the authorized and unissued $.10 par value common stock of the Company Common Stock (the Option Shares”) pursuant to on the terms and conditions herein set forth in this Agreementforth. To the extent possible, the Option is intended to be an incentive option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Peapack Gladstone Financial Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of 5,000 325,000 shares (the "Option Shares") of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant to on the terms and conditions herein set forth forth. It is intended that the Option shall constitute an incentive stock option, as defined in this AgreementSection 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Firepond Inc)

Grant of Option. The Subject to the terms and conditions of this Agreement, the Company hereby grants to the Optionee the right and option (the “Option”) to purchase from the Company all or any part of an aggregate of 5,000 33,000 shares of Common Stock. This option is intended to constitute an incentive stock option within the authorized and unissued $.10 par value common stock meaning of Section 422A of the Company Internal Revenue Code of 1986, as amended (the “Option Shares”) pursuant to the terms and conditions set forth in this Agreement"Code").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Hanger Orthopedic Group Inc)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the "Option") to purchase all or any part of an aggregate of 5,000 100,000 shares of the authorized and unissued $.10 par value common stock of the Company (the “Option "Shares") pursuant of Common Stock, such Shares being subject to adjustment as provided in Paragraph 7 hereof, on the terms and conditions herein set forth in forth. The Option is intended to constitute an incentive stock option pursuant to Section 422 of the Code, and subject to the terms of the Plan and applicable law, this AgreementAgreement shall be construed so that the Option shall qualify as an incentive stock option.

Appears in 1 contract

Samples: Employment Agreement (Bestway Inc)

Grant of Option. The Company hereby grants to the Optionee the right and an option (the “Option”) to purchase all or any part portion of an aggregate a total of 5,000 ( ) shares (“Shares”) of the authorized and unissued $.10 par value common stock Common Stock of the Company at a purchase price of (the $ ) per share (Option SharesExercise Price) pursuant ), subject to the terms and conditions set forth herein and the provisions of the Plan. This Option is not intended to qualify as an “incentive stock option” as defined in this AgreementSection 422 of the Internal Revenue Code of 1986, as amended (“Code”).

Appears in 1 contract

Samples: Stock Option Agreement (Powerwave Technologies Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the “Option”) to purchase from the Company all or any part of an aggregate amount of 5,000 ____________ shares of the authorized and unissued $.10 par value common stock Common Stock of the Company (the “Option Shares”) pursuant to on the terms and conditions herein set forth in this Agreementforth. The Option granted hereunder is intended to be an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Lifecore Biomedical Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 shares _________ Common Shares. The Option is in all respects limited and conditioned as hereinafter provided. The Option is not issued under any of the authorized Company’s existing equity incentive plans and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to is not governed by the terms and conditions set forth in this Agreementof such plans.

Appears in 1 contract

Samples: Stock Option Agreement (Integral Technologies Inc)

Grant of Option. The Company hereby grants to the Optionee the right and an option (the “Option”) to purchase all or any part portion of an aggregate a total of 5,000 ( ) shares (the “Shares”) of the authorized and unissued $.10 par value common stock Common Stock of the Company at a purchase price of ($ ) per share (the “Option SharesExercise Price) pursuant ), subject to the terms and conditions set forth herein and the provisions of the Plan. This Option shall not constitute an “incentive stock option” as defined in this AgreementSection 422 of the Internal Revenue Code of l986, as amended (the “Code”).

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Dyntek Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (the “Option”) to purchase all or any part of an aggregate of 5,000 shares of the authorized 25,000 Common Shares. The Option is in all respects limited and unissued $.10 par value common stock of the Company (the “Option Shares”) pursuant to the terms and conditions set forth in this Agreementconditioned as hereinafter provided.

Appears in 1 contract

Samples: Stock Option Agreement (NextPlat Corp)

Grant of Option. The In consideration of service to the Company hereby and for other good and valuable consideration, the Company grants to the Optionee the right and an option (the “Option”) to purchase all or any part of an aggregate of 5,000 103,897 shares of the authorized and unissued $.10 par value Company's common stock of the Company (the “Option Shares”) pursuant to in accordance with the terms and conditions set forth of the Plan. The option is intended by the parties to be, and shall be treated as, an incentive stock option, as such term is defined under Section 422 of the Internal Revenue Code of 1986 (the "Code"). The Optionee's rights with respect to the option shall be governed by the terms contained herein and in this Agreementthe absence of such definition the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Net2000 Communications Inc)

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