NUMBER OF OPTIONS GRANTED. In exchange for electing to waive the amount of compensation specified in the 1994-1996 Waiver Table in Paragraph 4, above, you are hereby granted an option to purchase the number of shares of MicroAge, Inc. Common Stock calculated pursuant to the formula below:
(1) TOTAL COMPENSATION WAIVED (1994-1996) $108,500 (2) $108,500 (TOTAL COMPENSATION WAIVED) MULTIPLIED BY 3.5235483 (THE "LEVERAGING FACTOR") $382,305
(3) COMMON STOCK CLOSING PRICE ON DECEMBER 13, 1995 (THE "COMMON STOCK PRICE") $8.75
(4) TOTAL OPTIONS GRANTED (2) / (3) 43,692
NUMBER OF OPTIONS GRANTED. In exchange for electing to waive the Waiver Amount specified in Paragraph 2, above, you are hereby granted an option to purchase the number of shares of MicroAge, Inc. Common Stock calculated pursuant to the formula below (to be completed by MicroAge):
(1) Waiver Amount: $ 48,000
(2) $48,000 (Waiver Amount) Multiplied by Four (4) (the "Leverage Factor"): $192,000
(3) Common Stock Closing Price on Effective Date (April 23, 1999) (the "Common Stock Price"): $ 5.875
(4) Total Options Granted (2) / (3) (rounded up): 32,681
NUMBER OF OPTIONS GRANTED. «Shares»
NUMBER OF OPTIONS GRANTED. Participant may be awarded Incentive Stock Options under Stock Option Award Agreements and the Plan or any other plan maintained and sponsored by the Company. Furthermore, the granting of the Options under this Award Agreement shall not affect any outstanding options previously granted to Participant under the Plan or any other plan maintained and sponsored by the Company.
NUMBER OF OPTIONS GRANTED. In exchange for electing to waive the amount of compensation specified in the 1994-1996 Waiver Table in Paragraph 4, above, you are hereby granted an option to purchase the number of shares of MicroAge, Inc. Common Stock calculated pursuant to the formula below:
(1) TOTAL COMPENSATION WAIVED (1994-1996) $600,000
(2) $600,000 (TOTAL COMPENSATION WAIVED) MULTIPLIED BY 3.5234933 (THE "LEVERAGING FACTOR") $2,114,096
(3) COMMON STOCK CLOSING PRICE ON DECEMBER 13, 1995 (THE "COMMON STOCK PRICE") $8.75
(4) TOTAL OPTIONS GRANTED (2) / (3) 241,611 2. Paragraphs 8, 9, and 10 of the Award Agreement shall be amended by deleting the references to the number "ten" and replacing such reference with the phrase "the Leveraging Factor."
NUMBER OF OPTIONS GRANTED. In exchange for electing to waive the Waiver Amount specified in Paragraph 2, above, you are hereby granted an option to purchase the number of shares of MicroAge, Inc. Common Stock calculated pursuant to the formula below (TO BE COMPLETED BY MICROAGE):
(1) Waiver Amount: $___________
(2) $ ____________________ (Waiver Amount) Multiplied by Four (4) (the "LEVERAGE FACTOR"): $___________
(3) Common Stock Closing Price on Effective Date (April 23, 1999) (the "COMMON STOCK PRICE"): $___________
(4) Total Options Granted (2) / (3) (rounded up): $___________
NUMBER OF OPTIONS GRANTED. In exchange for electing to waive the amount of compensation specified in the 1994-1996 Waiver Table in Paragraph 4, above, you are hereby granted an option to purchase the number of shares of MicroAge, Inc. Common Stock calculated pursuant to the formula below (to be completed by MicroAge):
(2) $312,000 (Total Compensation Waived) Multiplied by Ten (10): $3,120,000 ----------
(3) Common Stock Closing Price Effective Date (December 14, 1993) (the "Common Stock Price"): $24.83 ------
(4) Total Options Granted (2) / (3) (rounded up): 125,638 ------- -------------------- 4 The minimum annual salary waiver amount is $13,000 (5% of your Current Base Salary). The maximum annual salary waiver amount is $39,000 (15% of your Current Base Salary).
NUMBER OF OPTIONS GRANTED. In exchange for electing to waive the amount of compensation specified in the 1994-1996 Waiver Table in Paragraph 4, above, you are hereby granted an option to purchase the number of shares of MicroAge, Inc. Common Stock calculated pursuant to the formula below:
(1) TOTAL COMPENSATION WAIVED (1994-1996) $ ----------
(2) $_______ (TOTAL COMPENSATION WAIVED) MULTIPLIED BY 3.5234903 (THE "LEVERAGING FACTOR") $ ----------
(3) COMMON STOCK CLOSING PRICE ON DECEMBER 13, 1995 (THE "COMMON STOCK PRICE") $8.75
(4) TOTAL OPTIONS GRANTED (2) / (3) ----------
2. Paragraphs 8, 9, and 10 of the Award Agreement shall be amended by deleting the references to the number "ten" and replacing such reference with the phrase "the Leveraging Factor."
3. This First Amendment shall be effective as December 14, 1995.
NUMBER OF OPTIONS GRANTED. In exchange for electing to waive the amount of compensation specified in the 1997-1999 Waiver Table in Paragraph 2, above, you are hereby granted an option to purchase the number of shares of MicroAge, Inc. Common Stock calculated pursuant to the formula below (to be completed by MicroAge):
(1) Total Compensation Waived (1997-1999 fiscal years): $_______________
(2) $ (Total Compensation Waived) $_______________ ------------------------ Multiplied by Seven (7) (the Leverage Factor"):
(3) Common Stock Closing Price on Effective Date (January 6, 1997) (the "Common Stock Price"): $_______________
(4) Total Options Granted (2) / (3) (rounded up): (See Example B attached to this Award Agreement) $_______________ ___________________________ 1 The minimum annual salary waiver amount is $8,000 (5% of your Current Base Salary). The maximum annual salary waiver amount is $24,000 (15% of your Current Base Salary).
NUMBER OF OPTIONS GRANTED. Date of Grant:
