Common use of Option Clause in Contracts

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 par value ("Common Stock"), at a price of $__________ per share.

Option. Subject to the terms and conditions contained herein, ------ the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) <> shares of the Company's common stock, $1.00 0.01 par value ("Common Stock"), at a price of $__________ <> per shareshare (the "Option Price").

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) # OF SHARES shares of the Company's common stock, $1.00 5.00 par value ("Common Stock"), at a price of $__________ per share.

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and an option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's ’s common stock, $1.00 .01 par value ("“Common Stock"), ”) at a price of $__________ per share.

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("“Option"”) to purchase from the Company _____________________ (_________) shares of the Company's ’s common stock, $1.00 par value ("“Common Stock"”), at a price of $__________ $ per share, which is not less than the fair market value of the Common Stock at the date of grant of this Option.

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and an option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 par value ("Common Stock"), at a price of $__________ per share, which is deemed to be not less than the fair market value of the Common Stock at the date of grant of this option.

Option. Subject to the terms and conditions contained herein, the Company Company, effective as of ________ (the "Grant Date"), hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 0.01 par value ("Common Stock"), at a price of $__________ per share.

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 0.10 par value ("Common Stock"), at a price of $__________ per share, which is not less than the fair market value of a share of Common Stock on the Grant Date (as defined in Section 2 below).

Option. Subject to the terms and conditions contained herein, the Company Company, effective as of ____________ (the "Grant Date") hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 0.01 par value ("Common Stock"), at a price of $__________ per share, which is deemed to be not less than the fair market value of the Common Stock at the Grant Date of this Option.

Option. Subject to the terms and conditions contained herein, the ------- Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 .00004 -------- par value ("Common Stock"''), at a price of $__________ $ per share, which is deemed to ------ be not less than the fair market value of the Common Stock at the date of grant of this Option.

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("“Option"”) to purchase from the Company _____________________ (_________) shares of the Company's ’s common stock, $1.00 0.01 par value ("“Common Stock"”), at a price of $__________ per share.

Option. Subject to the terms and conditions contained herein, the Company Company, effective as of __________________ (the "Grant Date"), hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 par value ("Common Stock"), at a price of $__________ per share, which is deemed to be not less than the fair market value of Common Stock on the Grant Date.

Option. Subject to the terms and conditions contained herein, the ------ Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 0.01 par value ("Common Stock"), at a price of at $__________ per shareshare (the "Option Price").

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) 25,000 shares of the Company's common stock, $1.00 par value ("Common Stock"), at a price of $__________ per share.

Option. Subject to the terms and conditions contained herein, the Company Company, effective as of ___________________ (the "Grant Date"), hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 par value ("Common Stock"), at a price of $__________ per share, which is deemed to be not less than the fair market value of Common Stock on the Grant Date.

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) < < Shares > > shares of the Company's common stock, $1.00 0.01 par value ("Common Stock"), at a price of $__________ < < PurchasePrice > > per shareshare (the "Option Price"), which is deemed to be not less than the fair market value of the Common Stock at the date of grant of this Option.

Option. Subject to the terms and conditions contained herein, the Company Company, effective as of ____________, 20___ (the "Grant Date"), hereby irrevocably grants to the Optionee the right and option ("Option") to purchase from the Company [_____________________ (_________) ] shares of the Company's common stock, $1.00 par value stock ("Common Stock"), at a price of $__________ per share.

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) 1,000 shares of the Company's common stock, $1.00 par value ("Common Stock"), at a price of $__________ per share.

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 .01 par value ("Common Stock"), at a price of $__________ per share, which is deemed to be not less than the fair market value of the Common Stock at the date of grant of this Option.

Option. Subject to the terms and conditions contained herein, the ------- Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 0.01 par value ("Common Stock"), at a price of at $__________ per share.

Option. Subject to the terms and conditions contained herein, the ------ Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 0.01 par value ("Common Stock"), at a price of at $__________ per shareshare (the "Option Price").

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________( ) shares of the Company's common stock, $1.00 0.10 par value ("Common Stock"), at a price of $__________ $ per shareshare (“Option Price”), which is not less than the fair market value of a share of Common Stock on the Grant Date (as defined in Section 2 below).

Option. Subject to the terms and conditions contained herein, the Company Company, effective as of ___________________ (the "Grant Date"), hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 par value ("Common Stock"), at a price of $__________ per shareshare ("Exercise Price"), which is deemed to be not less than the fair market value of Common Stock on the Grant Date.

Option. Subject to the terms and conditions contained hereinherein and in the Plan, the Company hereby irrevocably grants to Optionee the right and option ("“Option"”) to purchase from the Company _____________________ (_________) shares of the Company's ’s common stock, $1.00 0.01 par value ("“Common Stock"”), at a price of $__________ per shareshare (the “Option Price”).

Option. Subject to the terms and conditions contained herein, the Company Company, effective as of ___________________ (the "Grant Date"), hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 par value ("Common Stock"), at a price of $__________ per shareshare ("Exercise Price"), which is deemed to be not less than the fair market value of Common Stock on the Grant Date.

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 .01 par value ("Common Stock"), at a price of $__________ per share, which is deemed to be not less than the fair market value of the Common Stock at the date of grant of this Option.

Option. Subject to On the terms and subject to the conditions contained hereinherein and in the Plan, the Company hereby irrevocably grants to Optionee Employee the right and option ("the “Option"”) to purchase from the Company _____________________ shares (_________the “Total Shares”) shares of the Company's common stock, $1.00 par value $0.01 per share, of the Company ("Common “Stock"”), at a price of $__________ per share.

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) # of options shares of the Company's common stock, $1.00 5.00 par value ("Common Stock"), at a price of $__________ per share.

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 0.01 par value ("Common Stock"), at a price an Option Exercise Price of $__________ per share.

Option. Subject to the terms and conditions contained herein, the Company Company, effective as of _______________ (the "Grant Date"), hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) shares of the Company's common stock, $1.00 par value ("Common Stock"), at a price of $__________ per share, which is deemed to be not less than the fair market value of Common Stock on the Grant Date.

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (_________) 2,500 shares of the Company's common stock, $1.00 par value ("Common Stock"), at a price of $__________ per share.

Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("Option") to purchase from the Company _____________________ (__________) shares of the Company's common stock, $1.00 .0001 par value ("Common Stock"), at a price of $per share equal to ___________________________________ per share.