Common use of Option Grant Clause in Contracts

Option Grant. The Company hereby grants to Optionee, subject to Optionee’s acceptance hereof, the right and option to purchase the number of Shares indicated below at the exercise price per Share indicated below (the “Exercise Price”), effective as of the Grant Date. The Option has been designated as a Non-Qualified Stock Option (“NQ”) for tax purposes, the consequences of which are set forth in the prospectus that describes the Plan.

Appears in 11 contracts

Samples: Plan Stock Option Agreement, Stock Option Agreement (Supervalu Inc), 2012 Stock Plan (Supervalu Inc)

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Option Grant. The Company hereby grants to Optionee, subject to Optionee’s acceptance hereof, the right and option to purchase the number of Shares indicated below at the exercise price per Share indicated below (the “Exercise Price”), effective as of the Grant Datebelow. The Option has been designated as a Non-Qualified Stock Option (“NQ”) for tax purposes, the consequences of which are set forth in the prospectus that describes the Plan.

Appears in 2 contracts

Samples: 2002 Stock Plan (Supervalu Inc), Equity and Performance Incentive Plan (Supervalu Inc)

Option Grant. (a) The Company hereby grants to OptioneeParticipant, subject pursuant to Optionee’s acceptance hereofthe Plan, the right and option an Option to purchase the number shares of Shares indicated below Common Stock, at the an exercise price per Share indicated below share of $ (the “Per Share Exercise Price”), effective as of the Grant Date. The Option has been designated will expire on the close of business on (the “Expiration Date”), subject to earlier expiration as a Non-Qualified Stock Option (“NQ”) for tax purposes, the consequences of which are set forth provided herein or in the prospectus that describes Plan. The Option is a non-qualified stock option and is not intended to be an “incentive stock option” within the Planmeaning of Section 422 of the Code.

Appears in 1 contract

Samples: Stock Option Agreement (Seitel Inc)

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Option Grant. The Company hereby grants to Optionee, subject to Optionee’s acceptance hereof, the right and option to purchase the number of Shares indicated below at the exercise price per Share indicated below (the “Exercise Price”), effective as of the Grant Datebelow. The Option has been designated as a Non-Qualified Stock Option (“NQ”) or Incentive Stock Option (“ISO”) for tax purposes, the consequences of which are set forth in the prospectus that describes the Plan.

Appears in 1 contract

Samples: Stock Plan (Supervalu Inc)

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