Common use of Option; Option Price Clause in Contracts

Option; Option Price. On the terms and subject to the conditions of the Plan and this Agreement, the Grantee shall have the option (the "Option") to purchase up to [ ] shares of Common Stock (the "Option Shares") at the price of $[ ] per Option Share (the "Option Price") at the times and in the manner provided herein. Payment of the Option Price may be made in the manner specified by Article VII of the Plan. The Option is not intended to qualify for federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Performance Stock Option Plan (Faroudja Inc), 1997 Performance Stock Option Plan (Sage Inc/Ca)

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Option; Option Price. On the terms and subject The Company hereby grants to the conditions of the Plan and this Agreement, the Grantee shall have the Optionee an option (the "Option") to purchase up purchase, upon and subject to [ the terms and conditions of this Agreement and the Plan (which are incorporated by reference herein and which in all cases shall control in the event of any conflict with the terms, definitions and provisions of this Agreement), [NUMBER] shares of Common Class B Stock (the "Option Shares") at the price of $[ ] 100.00 per Option Share share (the "Option Price") at the times and in the manner provided herein. Payment of the ), which Option Price may be made in the manner specified by Article VII of the Plan. The Option is not IS intended to qualify for federal Federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 2 contracts

Samples: Nontransferable Performance Based Incentive Stock Option Agreement (Berry Plastics Corp), Nontransferable Performance Based Incentive Stock Option Agreement (BPC Holding Corp)

Option; Option Price. On the terms and subject to the conditions of the Plan and this Agreement, the Grantee shall have the option (the "Option") to purchase up to [ ] shares of Common Stock (the "Option Shares") at the price of $[ ] per Option Share (the "Option Price") at the times and in the manner provided herein. Payment of the Option Price may be made in the manner specified by Article VII of the Plan. The Option is not intended to qualify for federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Performance Stock Option Plan (Faroudja Inc), 1997 Performance Stock Option Plan (Sage Inc/Ca)

Option; Option Price. On the terms and subject to the conditions of the Plan and this Agreement, the Grantee Optionee shall have the option (the "OptionOPTION") to purchase up to [ ] 79,599 shares of Common Stock (the "Option SharesOPTIONS") at the price of $[ ] 10.89 per Option Share share (the "Option PriceOPTION PRICE") at the times and in the manner provided herein. Payment of the Option Price may be made in the manner specified by Article VII Section 10(a) of the Plan. The Option is not intended to qualify for federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Employment Agreement (Guitar Center Inc), Employment Agreement (Guitar Center Inc)

Option; Option Price. On the terms and subject to the conditions of the Plan and this Agreement, the Grantee shall have the option (the "Option") to purchase up to [ ] _____ shares of Common Stock (the "Option Shares") at the price of $[ ] ______ per Option Share (the "Option Price") at the times and in the manner provided herein. Payment of the Option Price may shall be made in the manner specified by Article VII VI of the Plan. The Option is not intended to qualify for federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cheesecake Factory Incorporated)

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Option; Option Price. On Pursuant to said action of the terms and subject Committee, the Company has granted to the conditions of the Plan and this Agreement, the Grantee shall have Optionee the option (the "Option") to purchase up purchase, upon and subject to [ ] the terms and conditions of this Agreement and the terms and conditions of the Plan (which are hereby incorporated by reference herein), ______ shares of Common Stock (the "Option Shares") of Common Stock of the Company at the price of $[ ] 12.00 per Option Share share (the "Option Price") at the times and in the manner provided herein. Payment of the Option Price may be made in the manner specified by Article VII of the Plan. The ), which Option is not intended to qualify for federal Federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Synaptic Pharmaceutical Corp)

Option; Option Price. On the terms and subject to the conditions of the Plan and this Agreement, the Grantee shall have the option (the "Option") to purchase up to [ ] the number of shares of Common Stock (the "Option Shares") indicated on the schedule set forth at the end of this Stock Option Agreement (the "Grantee Schedule") at the price of $[ ] per Option Share set forth on the Grantee Schedule (the "Option Price") at the times and in the manner provided herein. Payment of the Option Price may be made in the manner specified by Article VII of the Plan. The Option is does not intended to qualify for federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. Options may only be exercised to purchase whole shares.

Appears in 1 contract

Samples: Stock Option Agreement (Sage Inc/Ca)

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