Common use of Option Grant Clause in Contracts

Option Grant. Subject to the terms of this Agreement and the Plan, the Company grants to the Optionee an option to purchase the number of shares of Common Stock of the Company as set forth in the Non-Qualified Stock Option Grant Offer Letter (the “Offer”) under the column titled “Quantity Granted” and at the price per share set forth in the Offer under the column titled “Xxxxx Xxxxx”. 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”).

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement, Non Qualified Stock Option Agreement (Snap on Inc), Non Qualified Stock Option Agreement (SNAP-ON Inc)

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Option Grant. Subject to the terms of this Agreement and the Plan, the The Company hereby grants to the Optionee an on the terms and conditions of this Agreement the right and the option (the “Option”) to purchase the number all or any part of shares of the Company’s Class A Common Stock at a purchase price of $ per share. The terms and conditions of the Company as Option grant set forth in the Non-Qualified attached Exhibit A are incorporated into and made a part of this Agreement. The Option is intended to be an Incentive Stock Option Grant Offer Letter (the “Offer”) under the column titled “Quantity Granted” and at the price per share set forth as defined in the Offer under the column titled “Xxxxx Xxxxx”. 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”)amended.

Appears in 3 contracts

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

Option Grant. Subject to the terms of this Agreement and the Plan, the The Company hereby grants to the Optionee an on the terms and conditions of this Agreement the right and the option (the “Option”) to purchase the number all or any part of shares of the Company’s Common Stock at a purchase price of $ per share. The terms and conditions of the Company as Option grant set forth in the Non-Qualified Stock attached Exhibit A are hereby incorporated into and made a part of this Agreement. The Option Grant Offer Letter (the “Offer”) under the column titled “Quantity Granted” and at the price per share set forth in the Offer under the column titled “Xxxxx Xxxxx”. This option is not intended to qualify be an Incentive Stock Option, as an “incentive stock option” within the meaning of defined in Section 422 422A of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 3 contracts

Samples: Stock Option Agreement (Avi Biopharma Inc), Stock Option Agreement (Avi Biopharma Inc), Stock Option Agreement (Avi Biopharma Inc)

Option Grant. Subject to the terms of this Agreement and the Plan, the The Company grants to the Optionee an on the terms and conditions of this Agreement the right and the option (the “Option”) to purchase the number all or any part of ________ shares of the Company’s Common Stock at a purchase price of $_____ per share. The terms and conditions of the Company as Option grant set forth in the Non-Qualified attached Exhibit A are incorporated into and made a part of this Agreement. The Option will not be treated as an Incentive Stock Option Grant Offer Letter (the “Offer”) under the column titled “Quantity Granted” and at the price per share set forth as defined in the Offer under the column titled “Xxxxx Xxxxx”. 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”)amended, and is therefore a Non-Statutory Stock Option.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Methes Energies International LTD), Non Statutory Stock Option Agreement (Methes Energies International LTD)

Option Grant. Subject to the terms of this Agreement and the Plan, the The Company grants to the Optionee an on the terms and conditions of this Agreement the right and the option (the "Option") to purchase the number all or any part of ____ shares of the Company's Common Stock at a purchase price of $_____ per share. The terms and conditions of the Company as Option grant set forth in the Non-Qualified attached Exhibit A are incorporated into and made a part of this Agreement. The Option will not be treated as an Incentive Stock Option Grant Offer Letter (the “Offer”) under the column titled “Quantity Granted” and at the price per share set forth as defined in the Offer under the column titled “Xxxxx Xxxxx”. 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”)amended, and is therefore a Non-Statutory Stock Option.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Microhelix Inc)

Option Grant. Subject to the terms of this Agreement and the Plan, the The Company grants to the Optionee an on the terms and conditions of this Agreement the right and the option (the "Option") to purchase the number all or any part of __________________ shares of the Company's Common Stock at a purchase price of $_______ per share. The terms and conditions of the Company as Option grant set forth in the Non-Qualified attached Exhibit A are incorporated into and made a part of this Agreement. The Option is intended not to be an Incentive Stock Option Grant Offer Letter (the “Offer”) under the column titled “Quantity Granted” and at the price per share set forth as defined in the Offer under the column titled “Xxxxx Xxxxx”. 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”)amended.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Verasun Energy Corp)

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Option Grant. Subject to the terms of this Agreement and the Plan, the The Company hereby grants to the Optionee an on the terms and conditions of this Agreement the right and the option (the "Option") to purchase the number all or any part of ____ shares of the Company's Nonvoting Common Stock at a purchase price of $_____ per share. The terms and conditions of the Company as Option grant set forth in the Non-Qualified Stock attached Exhibit A are hereby incorporated into and made a part of this Agreement. The Option Grant Offer Letter (the “Offer”) under the column titled “Quantity Granted” and at the price per share set forth in the Offer under the column titled “Xxxxx Xxxxx”. This option is not intended to qualify be an Incentive Stock Option, as an “incentive stock option” within the meaning of defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 1 contract

Samples: Stock Option Agreement (Columbia Sportswear Co)

Option Grant. Subject to the terms of this Agreement and the Plan, the The Company hereby grants to the Optionee an Optionee, on the terms and conditions of this Agreement, the right and the option (the "OPTION") to purchase the number all or any part of ____________ (____________) shares of the Company's Common Stock at a purchase price of _____________ ($____) per share. The terms and conditions of the Company as Option grant set forth in the Non-Qualified attached Exhibit A are incorporated into and made a part of this Agreement. The Option is intended to be an Incentive Stock Option Grant Offer Letter (the “Offer”) under the column titled “Quantity Granted” and at the price per share set forth as defined in the Offer under the column titled “Xxxxx Xxxxx”. 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”)amended.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Penge Corp)

Option Grant. Subject to the terms of this Agreement and the Plan, the The Company hereby grants to the Optionee an on the terms and conditions of this Agreement the right and the option (the “Option”) to purchase the number all or any part of shares of the Company’s Common Stock at a purchase price of $ per share. The terms and conditions of the Company as Option grant set forth in the Non-Qualified Stock attached Exhibit A are hereby incorporated into and made a part of this Agreement. The Option Grant Offer Letter (the “Offer”) under the column titled “Quantity Granted” and at the price per share set forth in the Offer under the column titled “Xxxxx Xxxxx”. This option is not intended to qualify be an Incentive Stock Option, as an “incentive stock option” within the meaning of defined in Section 422 422A of the Internal Revenue Code of 1986, as amended (the “Code”)) and therefore is a Non-Qualified Stock Option.

Appears in 1 contract

Samples: Stock Option Agreement (Avi Biopharma Inc)

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