Common use of Option; Option Price Clause in Contracts

Option; Option Price. Effective on the Grant Date, on the terms and subject to the conditions of the Plan and this Agreement, the Company hereby grants to the Optionee the option (the “Option”) to purchase Common Units divided into three tranches, Tranche A options (“Tranche A Options”), Tranche B options (“Tranche B Options”) and Tranche C options (“Tranche C Options”) at the Option Price and in the amounts set forth on the signature page hereto. To the extent permitted by the Committee, payment of the Option Price may be made in any manner specified by Section 5.6 of the Plan.

Appears in 3 contracts

Samples: Unit Option Agreement, Unit Option Agreement (NL Coop Holdings LLC), Unit Option Agreement (Juniper Bond Holdings IV LLC)

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Option; Option Price. Effective on the Grant Date, on the terms and subject to the conditions of the Plan and this Agreement, the Company hereby grants to the Optionee the option (the “Option”) to purchase Common Units divided into three tranches, Tranche A options at the price per Common Unit (the Tranche A Options”), Tranche B options (“Tranche B OptionsOption Price”) and Tranche C options (“Tranche C Options”) at the Option Price and in the amounts set forth on the signature page hereto. To the extent permitted by the Committee, payment of the Option Price may be made in any manner specified by Section 5.6 of the Plan.

Appears in 2 contracts

Samples: Director Unit Option Agreement (Juniper Bond Holdings IV LLC), Director Unit Option Agreement (NL Coop Holdings LLC)

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Option; Option Price. Effective on the Grant Date, on the terms and subject to the conditions of the Plan and this Agreement, the Company hereby grants to the Optionee the option (the “Option”) to purchase Common Units divided into three tranches, Tranche A options (“Tranche A Options”), Tranche B options (“Tranche B Options”) and Tranche C options (“Tranche C Options”) at the Option Price and in the amounts set forth on the signature page hereto. To the extent permitted by the Committee, payment of the Option Price may be made in any manner specified by Section 5.6 of the Plan.

Appears in 2 contracts

Samples: Unit Option Agreement (Momentive Performance Materials Inc.), Unit Option Agreement (Momentive Specialty Chemicals Inc.)

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