Common use of NUMBER OF OPTIONS GRANTED Clause in Contracts

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

Appears in 1 contract

Samples: Management Equity Program Award Agreement (Microage Inc /De/)

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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) $108,500 260,000 (2) $108,500 260,000 (TOTAL COMPENSATION WAIVED) MULTIPLIED BY 3.5235483 3.5234903 (THE "LEVERAGING FACTOR") $382,305916,107 (3) COMMON STOCK CLOSING PRICE ON DECEMBER 13, 1995 (THE "COMMON STOCK PRICE") $8.75 (4) TOTAL OPTIONS GRANTED (2) / (3) 43,692104,698

Appears in 1 contract

Samples: Management Equity Program Award Agreement (Microage Inc /De/)

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:below (to be completed by MicroAge): (1) TOTAL COMPENSATION WAIVED (1994-1996) $108,500 (2) $108,500 (TOTAL COMPENSATION WAIVEDTotal Compensation Waived) MULTIPLIED BY 3.5235483 Multiplied by Ten (THE "LEVERAGING FACTOR") 10): $382,3051,085,000 ---------- (3) COMMON STOCK CLOSING PRICE ON DECEMBER 13Common Stock Closing Price Effective Date (December 14, 1995 1993) (THE the "COMMON STOCK PRICECommon Stock Price") ): $8.7524.83 ------ (4) TOTAL OPTIONS GRANTED Total Options Granted (2) / (3) 43,692(rounded up): 43,692 (See Example C attached to this Award Agreement) ------ ---------------------------

Appears in 1 contract

Samples: Management Equity Program Award Agreement (Microage Inc /De/)

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:below (to be completed by MicroAge): (1) TOTAL COMPENSATION WAIVED (1994-1996) $108,500 (2) $108,500 260,000 (TOTAL COMPENSATION WAIVEDTotal Compensation Waived) MULTIPLIED BY 3.5235483 Multiplied by Ten (THE "LEVERAGING FACTOR") 10): $382,305 2,600,000 ---------- (3) COMMON STOCK CLOSING PRICE ON DECEMBER 13Common Stock Closing Price Effective Date (December 14, 1995 1993) (THE the "COMMON STOCK PRICECommon Stock Price") ): $8.75 24.83 ------ (4) TOTAL OPTIONS GRANTED Total Options Granted (2) / (3) 43,692(rounded up): 104,698 (See Example C attached to this Award Agreement) ------- -------------------------

Appears in 1 contract

Samples: Management Equity Program Award Agreement (Microage Inc /De/)

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:below (to be completed by MicroAge): (1) TOTAL COMPENSATION WAIVED (1994-1996) $108,500 (2) $108,500 600,000 (TOTAL COMPENSATION WAIVEDTotal Compensation Waived) MULTIPLIED BY 3.5235483 Multiplied by Ten (THE "LEVERAGING FACTOR") 10): $382,3056,000,000 ---------- (3) COMMON STOCK CLOSING PRICE ON DECEMBER 13Common Stock Closing Price Effective Date (December 14, 1995 1993) (THE the "COMMON STOCK PRICECommon Stock Price") ): $8.75 24.83 ------ (4) TOTAL OPTIONS GRANTED Total Options Granted (2) / (3) 43,692(rounded up): 241,611 (See Example C attached to this Award Agreement) ------- -------------------------

Appears in 1 contract

Samples: Management Equity Program Award Agreement (Microage Inc /De/)

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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 3.5234705 (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______

Appears in 1 contract

Samples: Management Equity Program Award Agreement (Microage Inc /De/)

NUMBER OF OPTIONS GRANTED. In exchange for electing to waive the amount of compensation specified in the 19941997-1996 1999 Waiver Table in Paragraph 42, above, you are hereby granted an option to purchase the number of shares of MicroAge, Inc. Common Stock calculated pursuant to the formula below:below (to be completed by MicroAge): (1) TOTAL COMPENSATION WAIVED Total Compensation Waived (19941997-1996) $108,500 1999 fiscal years): $ 340,000 -------- (2) $108,500 $ 340,000 (TOTAL COMPENSATION WAIVEDTotal Compensation Waived) MULTIPLIED BY 3.5235483 ------------------------ Multiplied by Seven (THE 7) (the Leverage Factor"LEVERAGING FACTOR") $382,305 (3) COMMON STOCK CLOSING PRICE ON DECEMBER 13, 1995 (THE "COMMON STOCK PRICE") $8.75): $ 2,380,000 ---------- (4) TOTAL OPTIONS GRANTED Total Options Granted (2) / , (3) 43,692(rounded up): (See Example B attached to this Award Agreement) $ 135,035 --------- --------

Appears in 1 contract

Samples: Management Equity Program Award Agreement (Microage Inc /De/)

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) $108,500 312,000 (2) $108,500 312,000 (TOTAL COMPENSATION WAIVED) MULTIPLIED BY 3.5235483 3.5235 (THE "LEVERAGING FACTOR") $382,3051,099,332 (3) COMMON STOCK CLOSING PRICE ON DECEMBER 13, 1995 (THE "COMMON STOCK PRICE") $8.75 (4) TOTAL OPTIONS GRANTED (2) / (3) 43,692125,638

Appears in 1 contract

Samples: Management Equity Program Award Agreement (Microage Inc /De/)

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