Option to Purchase Common Stock. a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,473,000 vested Option Shares, excluding options previously exercised, at a purchase price of $1.50 per Option Share (the "Option Price"). With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2003.
Appears in 2 contracts
Samples: Option Agreement (Opentv Corp), Option Agreement (Actv Inc /De/)
Option to Purchase Common Stock. a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,473,000 564,000 vested Option Shares, excluding options previously exercised, at a purchase price of $1.50 per Option Share (the "Option Price"). With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2003.
Appears in 2 contracts
Samples: Option Agreement (Actv Inc /De/), Option Agreement (Opentv Corp)
Option to Purchase Common Stock. a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,473,000 926,000 vested Option Shares, excluding options previously exercised, at a purchase price of $1.50 per Option Share (the "Option Price"). With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2003.
Appears in 2 contracts
Samples: Option Agreement (Opentv Corp), Option Agreement (Actv Inc /De/)