Common use of Option Price Clause in Contracts

Option Price. The price per share for Common Stock purchased on the exercise of an Option shall be fixed by the Committee, but shall not be less than the Fair Market Value on the date of grant.

Appears in 13 contracts

Samples: 2023 Stock Incentive Plan (Universal Corp /Va/), Universal Corp /Va/, Universal Corp /Va/

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Option Price. a. The price per share for Common Stock purchased on by the exercise of an any Option granted under the Plan shall be fixed determined by the CommitteeCommittee on the date the Option is granted; provided, but however, that the price per share shall not be less than the Fair Market Value on the date of grant.

Appears in 7 contracts

Samples: Option Agreement (Approved Financial Corp), Option Agreement (Approved Financial Corp), Option Agreement (Approved Financial Corp)

Option Price. The price per share for Common Stock purchased on the exercise of an Option shall be fixed by the CommitteeBoard on the date of grant, but shall not be less than the Fair Market Value on the date of grantsuch date.

Appears in 3 contracts

Samples: Incentive Plan (Village Bank & Trust Financial Corp.), Village Bank & Trust Financial Corp., Village Bank & Trust Financial Corp.

Option Price. The price per share for Common Stock purchased on the exercise of an Option shall be fixed by the CommitteeBoard on the date of grant; provided, but however, that in the case of an Option that is an Incentive Stock Option, the price per share shall not be less than the Fair Market Value on the date of grantsuch date.

Appears in 3 contracts

Samples: Southern National Bancorp of Virginia Inc, Southern Community Financial Corp., Eagle Financial Services Inc

Option Price. The price per share for Common Stock purchased on the exercise of an Option shall be fixed by the CommitteeCommittee on the date of grant; provided, but however, that the price per share shall not be less than the Fair Market Value on the date of grantsuch date.

Appears in 3 contracts

Samples: Landamerica Financial Group Inc, Republic Services Inc, Landamerica Financial Group Inc

Option Price. The price per share for Common Stock purchased on the exercise of an Option shall be fixed by the CommitteeCommittee on the date of its grant; provided, but however, that, in the case of an Option that is an Incentive Stock Option, the price per share shall not be less than the Fair Market Value on the date of grantsuch date.

Appears in 3 contracts

Samples: Open Plan (Open Plan Systems Inc), Open Plan (Open Plan Systems Inc), Open Plan Systems Inc

Option Price. 6.01 The price per share for Common Stock purchased on the exercise of an Option shall be fixed by the CommitteeCommittee on the date of grant; provided, but however, that in the case of an Option that is an Incentive Stock Option, the price per share shall not be less than the Fair Market Value on such date; provided, further, that the date of grantprice per share shall not be less than Book Value.

Appears in 2 contracts

Samples: United Financial Banking Companies Inc, United Financial Banking Companies Inc

Option Price. The price per share for Common Stock purchased on the exercise of an Option shall be fixed by the CommitteeCommittee on the date of grant; provided, but however, that in the case of an Option that is an Incentive Stock Option, the price per share shall not be less than the Fair Market Value on the date of grantsuch date.

Appears in 2 contracts

Samples: Landamerica Financial Group Inc, Lawyers Title Corp

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Option Price. The price per share for Common Stock purchased on the exercise of an Option shall be fixed by the CommitteeCommittee on the date of grant; provided, but however, that the price per share shall not be less than the Fair Market Value on such date. Notwithstanding the foregoing, if an Incentive Stock Option is granted to a Participant who, at the time of the Grant, is a 10% shareholder as determined under Section 422 of the Code, then the Option Price shall be not less than 110% of the Fair Market Value on the date of grantGrant.

Appears in 1 contract

Samples: Hilb Rogal & Hamilton Co /Va/

Option Price. The price per share for Common Stock purchased on the exercise of an Option option shall be fixed by the CommitteeCommittee on the date of grant; provided, but however, that in the case of an option that is an Incentive Stock option, the price per share shall not be less than the Fair Market market Value on the date of grantsuch date.

Appears in 1 contract

Samples: Virginia First Financial Corp

Option Price. The price per share for Common Stock purchased on the exercise of an Option option shall be fixed determined by the CommitteeCommittee on the date of grant; provided, but however, that the price per share for Common Stock purchased on the exercise of any Option shall not be less than the Fair Market Value on the date of grantthe Option is granted.

Appears in 1 contract

Samples: Equifax Inc

Option Price. The price per share for Common Stock purchased on the exercise of an Option shall be fixed by the CommitteeCommittee on the date of Grant; provided, but however, that in the case of an Option that is an Incentive Stock Option, the price per share shall not be less than the Fair Market Value on the date of grantsuch date.

Appears in 1 contract

Samples: Community Financial Corp /De/

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